OXFORD PARK INCOME FUND INC. | ||||
SCHEDULE OF INVESTMENTS | ||||
DECEMBER 31, 2023 | ||||
(Unaudited) |
COMPANY/INVESTMENT(1)(8)(9) | ACQUISITION DATE(10) | 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), 12.21% (SOFR + 6.82%, due April 15, 2035) | 04/10/2023 | $ 250,000 | $ 212,878 | $ 224,225 | ||||||||
Total Structured Finance - Debt Investments | 212,878 | 224,225 | 4.68% | |||||||||
Total Collateralized Loan Obligation - Debt Investments | $ 212,878 | $ 224,225 | 4.68% | |||||||||
Collateralized Loan Obligation - Equity Investments | ||||||||||||
Structured Finance - Equity Investments | ||||||||||||
Ares XLIII CLO Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 20.17%, maturity July 15, 2034) | 08/17/2023 | $ 500,000 | $ 147,673 | $ 152,745 | ||||||||
Ares XLIV CLO Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(11)(12), (Estimated yield 20.16%, maturity April 15, 2034) | 12/15/2023 | 1,000,000 | 285,096 | 286,521 | ||||||||
Ares LXIV CLO Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 24.85%, maturity April 15, 2035) | 06/08/2023 | 300,000 | 195,991 | 210,625 | ||||||||
Bain Capital Credit CLO 2018-2, Limited | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 94.82%, maturity July 19, 2031) | 08/17/2023 | 750,000 | 149,235 | 150,000 | ||||||||
Dryden 78 CLO, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 22.81%, maturity April 17, 2033) | 07/25/2023 | 250,000 | 148,558 | 142,500 | ||||||||
Dryden 90 CLO, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 21.69%, maturity February 20, 2035) | 04/04/2023 | 250,000 | 157,547 | 147,500 | ||||||||
Elmwood CLO 16, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(11)(12), (Estimated yield 19.97%, maturity April 20, 2034) | 06/07/2023 | 500,000 | 373,052 | 430,000 | ||||||||
Elmwood CLO XII Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 23.37%, maturity January 20, 2035) | 07/24/2023 | 250,000 | 188,933 | 197,500 | ||||||||
Fillmore Park CLO, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 28.91%, maturity July 15, 2030) | 07/13/2023 | 250,000 | 98,972 | 102,500 | ||||||||
Greywolf CLO VI, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 30.36%, maturity April 26, 2031) | 06/13/2023 | 500,000 | 188,745 | 190,000 | ||||||||
KKR CLO 24 Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 23.95%, maturity April 20, 2032) | 07/26/2023 | 250,000 | 151,176 | 157,500 | ||||||||
Mariner CLO 8, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 22.27%, maturity April 20, 2033) | 11/08/2023 | 300,000 | 167,342 | 171,000 | ||||||||
Oaktree CLO 2019-2 Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 24.82%, maturity April 15, 2031) | 11/08/2023 | 450,000 | 180,472 | 198,000 | ||||||||
OCP CLO 2015-10, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 27.88%, maturity January 26, 2034) | 07/06/2023 | 250,000 | 108,543 | 115,000 | ||||||||
(Continued on next page) |
OXFORD PARK INCOME FUND INC. | |||
SCHEDULE OF INVESTMENTS - Cont. | |||
DECEMBER 31, 2023 | |||
(Unaudited) |
COMPANY/INVESTMENT(1)(8)(9) | ACQUISITION DATE(10) | PRINCIPAL AMOUNT/SHARES | COST | FAIR VALUE(2) | % of Net Assets | |||||||
Structured Finance - Equity Investments (continued) | ||||||||||||
Octagon Investment Partners 32, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 39.12%, maturity July 15, 2029) | 05/09/2023 | $ 250,000 | $ 45,313 | $ 47,289 | ||||||||
Octagon Investment Partners 42, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 21.10%, maturity July 15, 2034) | 08/16/2023 | 300,000 | 157,936 | 156,319 | ||||||||
Octagon 55, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 22.02%, maturity July 20, 2034) | 09/28/2023 | 250,000 | 146,194 | 142,500 | ||||||||
Octagon 70 Alto, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(11)(12), (Estimated yield 18.84%, maturity October 20, 2036) | 08/31/2023 | 750,000 | 508,808 | 495,000 | ||||||||
OFSI BSL X, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 25.16%, maturity April 20, 2034) | 08/01/2023 | 275,000 | 160,118 | 145,750 | ||||||||
Signal Peak CLO 4, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 27.55%, maturity October 26, 2034) | 08/09/2023 | 500,000 | 154,536 | 160,000 | ||||||||
Sculptor CLO XXIX, Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 24.44%, maturity October 22, 2034) | 09/20/2023 | 250,000 | 135,465 | 135,000 | ||||||||
Wind River 2021-4 CLO Ltd. | ||||||||||||
CLO subordinated notes(5)(7)(12), (Estimated yield 23.27%, maturity January 20, 2035) | 08/15/2023 | 250,000 | 157,287 | 141,249 | ||||||||
Total Structured Finance - Equity Investments | 4,006,992 | 4,074,498 | 85.12% | |||||||||
Total Collateralized Loan Obligation - Equity Investments | $ 4,006,992 | $ 4,074,498 | 85.12% | |||||||||
Total Investments | $ 4,219,870 | $ 4,298,723 | 89.80% | |||||||||
First American Government Obligations Fund, Class Z Shares(4)(11) 5.3% | 423,127 | $ 423,127 | $ 423,127 | |||||||||
Total Cash Equivalents | $ 423,127 | $ 423,127 | 8.84% | |||||||||
Total Investments and Cash Equivalents | $ 4,642,997 | $ 4,721,850 | 98.64% |
(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) Represents cash equivalents held in a money market account as of December 31, 2023. | ||||||||||
(5) Cost value reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO equity investments. | ||||||||||
(6) The principal balance outstanding for this debt investment, in whole or in part, is indexed to the 90-day Secured Overnight Financing Rate (“SOFR”). | ||||||||||
(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) The fair value of the investment was determined using significant unobservable inputs. See "Note 3. Fair Value" in Oxford Park Income Fund, Inc. most recently filed Form N-CSR for the period ended September 30, 2023. | ||||||||||
(9) 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). | ||||||||||
(10) Acquisition date represents the initial date of purchase. | ||||||||||
(11) Investment represents greater than 5% of net assets. | ||||||||||
(12) Investment is co-invested with the Fund's affiliates. |