Blue Owl Technology Finance Corp. Announces Intention to List on the New York Stock Exchange

Core Viewpoint - Blue Owl Technology Finance Corp. (OTF) is set to become the largest publicly traded technology-focused business development company (BDC) by total assets upon its listing on the New York Stock Exchange (NYSE) on or about June 12, 2025 under the ticker symbol "OTF" [1][3] Company Overview - OTF specializes in investing in U.S. upper middle-market technology companies, particularly in the software sector [1][14] - As of March 31, 2025, OTF had investments in 181 portfolio companies with an aggregate fair value of $12.1 billion [14] Management and Strategy - The senior management team includes Craig W. Packer (CEO), Erik Bissonnette (President), and Jonathan Lamm (CFO) [2] - The company aims to create long-term value for shareholders through its innovative investment strategy in software lending, which will remain the foundation of its portfolio as a public company [3] Financial Distributions - The Board of Directors declared a regular dividend of$0.35 per share for Q2 2025, payable on or before July 15, 2025 [4] - Five special dividends of $0.05 per share will also be paid quarterly, with specific payment dates outlined [5] Share Repurchase Program - A share repurchase program has been approved, allowing for the repurchase of up to$200 million of outstanding common stock [6][7] - The program will be in effect for 18 months from the listing date or until the approved repurchase amount is fully utilized [7] Transfer Restrictions - The Board waived transfer restrictions on 23,256,814 shares of common stock, allowing for a pro rata release of shares from lock-up periods [8][9] Listing Costs - OTF's adviser will reimburse $5 million of fees and expenses associated with the listing [10] Advisory Team - BofA Securities, J.P. Morgan, Keefe Bruyette & Woods, RBC Capital Markets, and Truist Securities are serving as lead advisors for the listing [11]