On March 6 2026, Blue Owl Capital Corporation II (OBDC II) confirmed that Cox Capital Partners and Saba Capital Management had launched an unsolicited minority tender offer for up to 8 million shares, representing less than 7% of the company’s outstanding shares. The offer price of $3.80 per share reflects a 34.9% discount to the dividend‑reinvestment‑plan issuance value disclosed on February 26 2026, after subtracting the expected $2.50 per share return of capital that OBDC II plans to distribute on March 31 2026. The tender offer will remain open until April 24 2026, giving shareholders a 49‑day window to respond.
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