Blue Owl Credit Income Corp. (OCIC) filed an -K on October 2, 2026, providing an update on its shareholder liquidity and portfolio performance. The company reported that its third-quarter share repurchase window closed on September 30, 2026, with the Fund receiving an estimated tender demand of $3.1 billion. This represents 16.8% of the shares outstanding as of June 30, 2026.
The filing details that estimated tender demand has decreased from the previous quarter, which saw $3.6 billion or 18.8% of shares outstanding, and from the first quarter when demand peaked at $4.2 billion or 21.9%. OCIC intends to fulfill its 5% tender offer on a pro rata basis, which will result in approximately 30% of all shares tendered being purchased. Following this payment, the company will have provided $2.8 billion of liquidity within six months, fulfilling about 60% of shareholders' original tender requests since the first quarter of 2026.
The company noted that shareholder retention remains strong, with over 90% of its 90,000 shareholders remaining fully invested. Performance metrics cited in the update show that OCIC delivered a 4.0% year-to-date total return for Class I shareholders as of August 31, 2026, outperforming industry peers. Since its inception in March 2021, the company has generated a 9.2% annualized total return for Class I shareholders.
Regarding its portfolio, OCIC reported no new issuers on non-accrual status as of June 30, 2026, with non-accruals representing only 0.2% of fair value. The company stated that its portfolio companies are predominantly large, market-leading businesses across non-cyclical sectors, with a weighted-average of $1.3 billion in revenue and $299 million in EBITDA. As of August 31, 2026, OCIC had $11.2 billion of available liquidity relative to the $0.9 billion third-quarter tender offer, representing more than 12 times the tender offer. Financing transactions completed in September further increased available liquidity by $1.3 billion.
The company also highlighted that its net leverage stood at 0.88x as of August 31, 2026, which is below its target range of 0.90x to 1.25x. OCIC noted that 98% of its debt portfolio is in floating-rate loans, positioning the company to benefit from the current rate environment.
