Filed pursuant to Rule 424(b)(3)
File No. 333-268966
PROSPECTUS SUPPLEMENT (To Prospectus dated April 3, 2023) |
November 13, 2023 |
OXFORD PARK INCOME FUND, INC.
Maximum Offering of 20,000,000 Shares of Common Stock
This prospectus supplement contains information which amends, supplements and modifies certain information contained in the prospectus dated April 3, 2023 (the “Base Prospectus” together with this prospectus supplement, the “Prospectus”), which relates to the sale of shares of common stock of Oxford Park Income Fund, Inc. (the “Fund”) in a continuous offering of up to 20,000,000 shares of common stock.
This prospectus supplement supersedes the Base Prospectus to the extent it contains information that is different from or in addition to the information in the Base Prospectus. Unless otherwise indicated, all other information included in the Base Prospectus that is not inconsistent with the information set forth in this prospectus supplement remains unchanged.
You should carefully read the entire Prospectus before investing in our common stock. You should also review the information set forth under the “Risks” section beginning on page 25 of the Base Prospectus and in our subsequent filings with the Securities and Exchange Commission that are incorporated by reference into the Prospectus, if any, before investing.
The terms “Oxford Park,” the “Fund,” “we,” “us” and “our” generally refer to Oxford Park Income Fund, Inc.
DISTRIBUTION REINVESTMENT PLAN
On November 9, 2023, the Board approved certain revisions to the Distribution Reinvestment Plan to amend the reinvested distributions purchase price and net asset value calculation timing. Effective as of the date hereof, the section titled “Distributions—Distribution Reinvestment Plan” in the Base Prospectus is amended and restated as follows:
Distribution Reinvestment Plan
The Fund has adopted a distribution reinvestment plan that provides for reinvestment of its distributions on behalf of shareholders, unless a shareholder elects to receive cash as provided below. As a result, if the Board of Directors authorizes, and the Fund declares, a cash distribution, shareholders who have not opted out of its distribution reinvestment plan will have their cash distributions automatically reinvested in additional Shares, rather than receiving the cash distributions.
No action will be required on the part of a registered shareholder to have his or her cash distribution reinvested in Shares. A registered shareholder may elect to receive an entire distribution in cash by notifying U.S. Bancorp Fund Services, LLC, the plan administrator and the Fund’s transfer agent and registrar, by telephone or in writing by providing the appropriate information and making the related election in the Investor Application or, if later choosing to make such an election, by completing a Change In Ownership Form so that such notice is received by the plan administrator no later than the record date for distributions to shareholders. The plan administrator will set up an account for Shares acquired through the plan for each shareholder who has not elected to receive distributions in cash and hold such Shares in non-certificated form.
Those shareholders whose Shares are held by a broker or other financial intermediary may receive distributions in cash by notifying their broker or other financial intermediary of their election.
During this offering, the Fund’s net asset value per share as determined by the Fund’s Board of Directors for the calendar month immediately preceding the distribution payment date will be used to calculate the purchase price for shareholders under the distribution reinvestment plan. In such case, your reinvested distributions will purchase Shares at a price equal to 95% of the net asset value for the calendar month immediately preceding the distribution payment date or on such other valuation date fixed by the Board of Directors for such distribution.
There is no charge to shareholders for receiving their distributions in the form of additional Shares. Any transaction fees, brokerage charges, plan administrator’s fees or any other charges for handling distributions in stock are paid by the Fund. There are no brokerage charges with respect to Shares the Fund has issued directly as a result of distributions payable in stock. If a participant elects by written notice to the plan administrator to have the plan administrator sell part or all of the Shares held by the plan administrator in the participant’s account and remit the proceeds to the participant, the plan administrator is authorized to deduct any applicable brokerage charges from the proceeds.
Shareholders who receive distributions in the form of Shares are subject to the same federal, state and local tax consequences as are shareholders who elect to receive their distributions in cash. The amount of the distribution for U.S. federal income tax purposes will be equal to the fair market value of the Shares received. A shareholder’s basis for determining gain or loss upon the sale of Shares received in a distribution from the Fund will be equal to the amount treated as a distribution for U.S. federal income tax purposes.
The plan may be terminated by the Fund upon notice in writing mailed to each participant at least 30 days prior to any record date for the payment of any dividend or distribution by the Fund. All correspondence concerning the plan should be directed to the plan administrator as follows: telephone number is 877-458-3589 and written correspondence can be mailed to:
Express/Overnight Delivery:
U.S. Bank Global Fund Services
615 East Michigan St, 3rd Fl
Milwaukee, WI 53202
Attn: Oxford Park Income Fund, Inc
Standard Mail:
U.S. Bank Global Fund Services
P.O Box 701
Milwaukee, WI 53201-0701
Attn: Oxford Park Income Fund, Inc