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OWL Blue Owl Capital News Story

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Blue Owl private credit fund cuts dividend as borrowing costs rise

NEW YORK, May 6 (Reuters) - A Blue Owl Capital OWL.N publicly traded private credit fund cut its dividend on Wednesday as it reported a decrease in its net asset value per share in the first quarter, a move it attributed to rising borrowing costs across debt markets.

OBDC said in a filing it was reducing its dividend to 0.31 cents per share from 0.36 cents per share.

 (Reporting by Isla Binnie; Editing by Chris Reese)

 ((isla.binnie@thomsonreuters.com))

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