Owl Rock(US:OBDC)2021-02-25 18:25Financial Performance - Net income per share decreased to $0.46, from $0.56 as of September 30, 2020[4] - The Q4'20 dividend per share was $0.31, along with a special dividend of $0.08 per share[5] - The Q4'20 dividend yield was 10.6% based on net asset value per share[6] - Net investment income per share decreased to $0.29, from $0.33 as of September 30, 2020[14] Portfolio Update - The total portfolio at fair value increased to $10.8 billion across 119 portfolio companies, up from $9.9 billion across 110 portfolio companies at September 30, 2020[7] - One name was removed from non-accrual, leaving one name on non-accrual (CIBT 2nd lien), representing 0.5% and 0.3% of the portfolio at cost and fair value, respectively[11] - New investment commitments totaled $1,527 million, with net fundings of $755 million[13] Liquidity and Debt - Net asset value per share increased to $14.74, from $14.67 as of September 30, 2020[14] - The company had $2.1 billion of liquidity in cash and undrawn debt[14] - Debt to equity increased quarter over quarter to 0.87x, with 56% of debt funding mix comprised of unsecured debt[14] - Completed fifth CLO financing transaction with net proceeds of $196 million[14] - Issued $1 billion in unsecured debt in November[14] Portfolio Composition - 96% of the portfolio is senior secured, with 78% in first lien investments and 99% in floating rate debt investments[25]