OXFORD PARK INCOME FUND INC. |
SCHEDULE OF INVESTMENTS |
JUNE 30, 2023 |
(Unaudited) |
COMPANY/INVESTMENT(1)(9)(10) | ACQUISITION DATE(11) | PRINCIPAL AMOUNT/SHARES | COST | FAIR VALUE(2) | % of Net Assets | |||||||||
Collateralized Loan Obligation - Debt Investments | ||||||||||||||
Octagon Investment Partners 45, Ltd. | ||||||||||||||
CLO secured notes - Class ER(3)(6)(12), 11.81% (LIBOR + 6.82%, due April 15, 2035) | 04/10/2023 | $ 250,000 | $ | 211,220 | $ | 211,775 | ||||||||
Total Structured Finance - Debt Investments | 211,220 | 211,775 | 7.88% | |||||||||||
Total Collateralized Loan Obligation - Debt Investments | $ | 211,220 | $ | 211,775 | 7.88% | |||||||||
Collateralized Loan Obligation - Equity Investments | ||||||||||||||
Structured Finance - Equity Investments | ||||||||||||||
Allegro CLO X, Ltd. | ||||||||||||||
CLO subordinated notes(5)(7)(12)(13), (Estimated yield 56.95%, maturity April 20, 2032) | 06/22/2023 | $ 400,000 | $ | 104,446 | $ 103,000 | |||||||||
Ares LXIV CLO Ltd. | ||||||||||||||
CLO subordinated notes(5)(7)(12)(13), (Estimated yield 23.42%, maturity April 15, 2035) | 06/08/2023 | 300,000 | 199,948 | 203,368 | ||||||||||
Dryden 90 CLO, Ltd. | ||||||||||||||
CLO subordinated notes(5)(7)(12)(13), (Estimated yield 23.13%, maturity February 20, 2035) | 04/04/2023 | 250,000 | 163,443 | 157,500 | ||||||||||
Elmwood CLO 16, Ltd. | ||||||||||||||
CLO subordinated notes(5)(7)(12)(13), (Estimated yield 18.79%, maturity April 20, 2034) | 06/07/2023 | 500,000 | 384,063 | 385,000 | ||||||||||
Greywolf CLO VI, Ltd. | ||||||||||||||
CLO subordinated notes(5)(7)(12)(13), (Estimated yield 62.64%, maturity April 26, 2031) | 06/13/2023 | 250,000 | 93,424 | 90,625 | ||||||||||
Octagon Investment Partners 32, Ltd. | ||||||||||||||
CLO subordinated notes(5)(7)(13), (Estimated yield 61.41%, maturity July 15, 2029) | 05/09/2023 | 250,000 | 50,231 | 50,859 | ||||||||||
Octagon Investment Partners 51, Ltd. | ||||||||||||||
CLO subordinated notes(5)(7)(12)(13), (Estimated yield 23.03%, maturity July 20, 2034) | 06/07/2023 | 250,000 | 158,388 | 157,500 | ||||||||||
Total Structured Finance - Equity Investments | 1,153,943 | 1,147,852 | 42.73% | |||||||||||
Total Collateralized Loan Obligation - Equity Investments | $ | 1,153,943 | $ | 1,147,852 | 42.73% | |||||||||
Total Investments | $ | 1,365,163 | $ | 1,359,627 | 50.61% | |||||||||
Cash Equivalents | ||||||||||||||
First American Government Obligations Fund, Class Z Shares(8)(12) | 1,295,327 | $ | 1,295,327 | $ | 1,295,327 | |||||||||
Total Cash Equivalents | $ | 1,295,327 | $ | 1,295,327 | 48.22% | |||||||||
Total Investments and Cash Equivalents | $ | 2,660,490 | $ | 2,654,954 | 98.83% | |||||||||
(1) | We do not "control" and are not an "affiliate" of any of our portfolio companies, each as defined in the Investment Company Act of 1940, as amended (the "1940 Act"). | ||||||||||
In general, under the 1940 Act, we would be presumed to "control" a portfolio company if we owned more than 25% of its voting securities and would be an "affiliate" of a portfolio company if we owned 5% or more of its voting securities. | |||||||||||
(2) | Fair value is determined in good faith by the Board of Directors of the Fund. | ||||||||||
(3) | Cost value reflects accretion of original issue discount or market discount. | ||||||||||
(4) | The subordinated shares represent an investment in a warehouse facility, which is a financing structure intended to aggregate loans that may be used to form the basis of a CLO vehicle. | ||||||||||
(5) | Cost value reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO equity investments. | ||||||||||
(6) | The CLO secured notes generally bear interest at a rate determined by reference to three-month LIBOR which resets quarterly. For each CLO debt investment, the rate provided is as of June 30, 2023. | ||||||||||
(7) | The CLO subordinated notes, preferred shares and income notes are considered equity positions in the CLO funds. Equity investments are entitled to recurring distributions which are generally equal to | ||||||||||
the remaining cash flow of the payments made by the underlying fund's securities less contractual payments to debt holders and fund expenses. The estimated yield indicated is based upon | |||||||||||
a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically | |||||||||||
reviewed and adjusted, and the estimated yield may not ultimately be realized. | |||||||||||
(8) | Represents cash equivalents held in a money market account as of June 30, 2023. | ||||||||||
(9) | The fair value of the investment was determined using significant unobservable inputs. | ||||||||||
(10) | The Fund generally acquires its investments in transactions not subject to registration under the Securities Act of 1933, as amended (the “Securities Act”). 'These investments are generally subject to | ||||||||||
restrictions as “restricted securities” (within the meaning of the Securities Act). | |||||||||||
(11) | Acquisition date represents the initial date of purchase. | ||||||||||
(12) | Investment represents greater than 5% of net assets. | ||||||||||
(13) | Investment is co-invested with the Fund's affiliates. |