New Account Application
Regular Mail:
Oaktree Diversified Income Fund, Inc.
c/o U.S. Bank Global Fund Services
PO Box 701
Milwaukee, WI 53201-0701

Overnight Mail:
Oaktree Diversified Income Fund, Inc.
c/o U.S. Bank Global Fund Services
615 E. Michigan St., FL3
Milwaukee, WI 53202-5207

For additional information please call toll-free 855-862-5873 or visit us on the web at www.brookfieldoaktree.com.
In compliance with the USA PATRIOT Act, all financial institutions (including mutual funds) are required to obtain, verify, and record the following information for allregistered owners or others who may be authorized to act on an account: full name, date of birth, Social Security number, and permanent street address. Trustaccounts require additional documentation. This information will be used to verify your true identity. We will return your application if any of this information is missing,
and we may request additional information from you for verification purposes. In the rare event that we are unable to verify your identity, the Fund reserves the right toredeem your account at the current day’s net asset value. Please do not use this application for IRA or Entity accounts.

1 Investor Information | Select one
 Individual
FULL LEGAL FIRST NAME1M.I.

LAST NAMEDATE OF BIRTH (MM/DD/YYYY)

M.I.

LAST NAMEDATE OF BIRTH (MM/DD/YYYY)

SOCIAL SECURITY NUMBER

 Joint Owner
FULL LEGAL FIRST NAME1

SOCIAL SECURITY NUMBER
Registration will be Joint Tenancy with Rights of Survivorship (JTWROS) unless otherwise specified.

 Transfer to 		Minor
CUSTODIAN’S FULL LEGAL FIRST NAME

M.I.

LAST NAMEDATE OF BIRTH (MM/DD/YYYY)MINOR’S FULL LEGAL FIRST NAME1M.I.

LAST NAMEDATE OF BIRTH (MM/DD/YYYY)MINOR’S SOCIAL SECURITY NUMBER

UTMA STATE (list state’s law that governed the initial transfer)*1(ONLY ONE)CUSTODIAN’S SOCIAL SECURITY NUMBER(ONLY ONE)AGE OF TERMINATION**2“Minor” means an UTMA account owner (customer) who has not reached the age of termination (age the custodianship terminates, which is designated at the timeof transfer and governed by state law). This means that depending on the applicable state, a minor could be older than 18 or 21.
Upon reaching the age of termination, the custodian must remove themself as custodian (and their authority over the account) so that the UTMA account owner
can complete a new application solely in their name and under their control. The custodian will no longer be able to act on the account after the minor reaches theage of termination. Please note, transfers to a minor are irrevocable. Additionally, at the age of termination, U.S. Bank Global Fund Services as transfer agent for
Oaktree Diversified Income Fund, Inc. reserves the right to restrict purchases and redemptions and reinvest any dividends and/or capital gains set to pay out incash until the former minor completes a New Account Application.
*In the event that the custodian does not complete the “UTMA State” field above, the custodian hereby directs U.S. Bank to establish the UTMA state using thestate from the Permanent Street Address provided in the Address section as the UTMA state. This designation shall permanently remain as the designated state forthis account.
**In the event that the custodian does not complete the “Age of Termination” field above, the custodian hereby directs U.S. Bank to establish the account using thedefault age of termination for custodial property transferred by gift under the “UTMA State’s” law.

______________________________________________________________________________________________
1

If a full legal first name is not provided, a copy of a government issued document is required to accompany this application.

Note that electing an age of termination beyond the default age, such as 25 if permissible for a particular state, may result in the loss of any annual exclusion for federal gift tax purposes. By entering an age of termination thatis different than the state laws governing the gift or transfer, you represent and warrant that you have consulted with your tax and legal advisors on (i) the permissibility of the age selected under the governing state’s law, and(ii) the state and federal tax consequences of the designated age of termination.
2Page 1 of 6

1 Investor Information continued
 TrustNAME OF TRUST

NAME(S) OF TRUSTEE(S)SOCIAL SECURITY NUMBER / TAX I.D. NUMBERDATE OF AGREEMENT (MM/DD/YYYY)

You must supply documentation to substantiate existence of your trust such as your Trust Agreement (including the powers and limitations
section(s)), or Certificate of Trust.

2 Address
Permanent Street Address

Mailing Address* (if different from Permanent Street Address)

Foreign addresses and PO Boxes are not allowed.

If completed, this address will be used as the Address of Record for all statements, checks,
and required mailings. Foreign addresses are not allowed.

STREET

CITY

STATE

APT / SUITESTREET

ZIP CODE

CITY

APT / SUITESTATEZIP CODE* A PO Box may be used as the mailing address.
DAYTIME PHONE NUMBEREVENING PHONE NUMBER

EMAIL ADDRESS Minor’s Address

Check box if minor’s address is the same as the custodian’s address. If not, please provide the minor’s address below.

STREET

CITY

APT / SUITESTATEZIP CODE

Duplicate Statement #1

Duplicate Statement #2

COMPANY NAMECOMPANY NAME

NAME

NAME

Complete only if you wish someone other than the account owner(s) to receive
duplicate statements.

STREET

CITY

STATE

Complete only if you wish someone other than the account owner(s) to receive
duplicate statements.

APT / SUITESTREET

ZIP CODECITY

Page 2 of 6

APT / SUITESTATEZIP CODEDistribution Options
43 Investment
Investment andOptions
 By check: Make check payable to the Oaktree Diversified Income Fund, Inc.

 ote: All checks must be in U.S. Dollars drawn on a domestic bank. The Fund will not accept payment in cash or money orders. The Fund does
Nnot accept post-dated checks or any conditional order or payment. To prevent check fraud, the Fund will not accept third party checks, Treasurychecks, credit card checks, traveler’s checks, or starter checks for the purchase of shares.

 By wire: Call Call 855-862-5873.

Note: A completed application is required in advance of a wire.

Additional Subscriptions Minimum$5,000 Minimum - Class D

Investment Amount$25,000 Minimum - Class D Oaktree Diversified Income Fund, Inc.
Class D 6396$

Capital Gains
Reinvest
Cash*

Dividends
Reinvest Cash*

If nothing is selected, capital gains and dividends will be reinvested.

*If cash distribution should be paid, please select one:
 Check to Address of Record
 ACH to Bank of Record - Valid Voided Check or Savings Deposit Slip Needed in the Bank Information section

4 Cost Basis Method
The Cost Basis Method you elect applies to all covered shares acquired from January 1, 2012 forward and to all identically registeredexisting and future accounts you may establish, unless otherwise noted. The Cost Basis Method you select will determine the orderin which shares are redeemed and how your cost basis information is calculated and subsequently reported to you and to the Internal
Revenue Service (IRS). Please consult your tax advisor to determine which Cost Basis Method best suits your specificsituation. If you do not elect a Cost Basis Method, your account will default to Average Cost.

Primary Method (Select only one) Average Cost – averages the purchase price of acquired shares First In, First Out – oldest shares are redeemed first Last In, First Out – newest shares are redeemed first Low Cost – least expensive shares are redeemed first High Cost – most expensive shares are redeemed first Loss/Gain Utilization – depletes shares with losses prior to shares with gains and short-term shares prior to long-term shares Specific Lot Identification – you must specify the share lots to be sold at the time of a redemption (This method requires

you elect a Secondary Method below, which will be used for systematic redemptions and in the event the lots you designate fora redemption are unavailable.)
Secondary Method­ – applies only if Specific Lot Identification was elected as the Primary Method (Select only one) First In, First Out Last In, First Out Low Cost High Cost Loss/Gain Utilization
Note: If a Secondary Method is not elected, First In, First Out will be used.

Page 3 of 6

5 Telephone Options
You have the ability to make telephone purchases* or redemptions* per the prospectus by checking the box below. See the prospectus for minimum and maximum amounts.
* You must provide bank instructions and a voided check or savings deposit slip in the Bank Information section.

 I accept telephone transaction privileges.
Should you wish to add the options at a later date, a signature guarantee may be required. Please refer to the prospectus
or call our shareholder services department for more information.

6 Bank Information
If you selected any
options which requirebanking information,please attach a voided
check or preprinted
savings deposit slip.
We are unable to debit
or credit mutual fundor pass-through (“forfurther credit”) accounts.
Please contact yourfinancial institution
to determine if it
participates in theAutomated Clearing
House System (ACH).

John Doe
Jane Doe
123 Main St.
Anytown, USA 12345

53289

DIVO

Pay to the order of _____________________________________________________ $ ___________________________________________________________________________________________DOLLARS

Memo___________________________

Note: There is a $15 feefor next day wire andno fee for ACH (transfertakes 2-3 days).

Page 4 of 6

Signed_________________________________________

7 Signature and Certification Required by the Internal Revenue Service
I have received and understand the prospectus for the Oaktree Diversified Income Fund, Inc. (the “Fund”). I understand the Fund’s investment objectives

and policies and agree to be bound by the terms of the prospectus. Before I request an exchange, I will obtain the current prospectus for each Fund. I
acknowledge and consent to the householding (i.e., consolidation of mailings) of regulatory documents such as prospectuses, shareholder reports, proxystatements, and other similar documents. I may contact the Fund to revoke my consent. I agree to notify the Fund of any errors or discrepancies within 45
days after the date of the statement confirming a transaction. The statement will be deemed to be correct, and the Fund and its transfer agent shall not beliable, if I fail to notify the Fund within such time period. I certify that I am of legal age and have the legal capacity to make this purchase.
The Fund, its transfer agent, and any of their respective agents or affiliates will not be responsible for banking system delays beyond their control. By
completing the banking sections of this application, I authorize my bank to honor all entries to my bank account initiated through U.S. Bank, N.A., on behalfof the applicable Fund. The Fund, its transfer agent, and any of their respective agents or affiliates will not be liable for acting upon instructions believed
to be genuine and in accordance with the procedures described in the prospectus or the rules of the Automated Clearing House. When AIP or Telephone
Purchase transactions are presented, sufficient funds must be in my account to pay them. I agree that my bank’s treatment and rights to respect each entry
shall be the same as if it were signed by me personally. I agree that if any such entries are not honored with good or sufficient cause, my bank shall be
under no liability whatsoever. I further agree that any such authorization, unless previously terminated by my bank in writing, is to remain in effect until theFund’s transfer agent receives and has had reasonable amount of time to act upon a written notice of revocation.
 I understand that my mutual fund account assets may be transferred to my state of residence if no activity occurs within my account during the inactivity
period specified in my State’s abandoned property laws.

Under penalty of perjury, I certify that:1) the Social Security or taxpayer identification number shown on this form is my correct taxpayer identification number2) I am not subject to backup withholding because a) I am exempt from backup withholding, or b) I have not been notified by the Internal Revenue
Service (IRS) that I am not subject to backup withholding as a result of a failure to report all interest or dividends, or c) the IRS has notified methat I am no longer subject to backup withholding; and3) I am a U.S. citizen or other U.S. person; and4) The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct. Certification Instructions.
You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you havefailed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid,
acquisitions or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and 		generally, payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN.
The IRS does not require your consent to any provision of this document other than the certifications required to avoid backup withholding.

X
SIGNATURE OF OWNER*DATE (MM/DD/YYYY)X
SIGNATURE OF JOINT OWNER*DATE (MM/DD/YYYY)* If shares are to be registered in (1) joint names, both persons must sign, (2) a custodian for a minor, the custodian should sign, (3) a trust, the trustee(s) should sign.

If the custodian listed in the Investor Information section is NOT a parent or legal guardian of the minor, a parent
or legal guardian is REQUIRED to complete the following section.
The Internal Revenue Service does not require your consent to any provision of this document other than the certifications required to avoid backup
withholding.
Under penalty of perjury, I certify that:1) the Social Security or taxpayer identification number shown on this form is the correct taxpayer identification number (or I am waiting for a number tobe issued to me); and2) I am not subject to backup withholding because a) I am exempt from backup withholding, or b) I have not been notified by the Internal Revenue
Service (IRS) that I am not subject to backup withholding as a result of a failure to report all interest or dividends, or c) the IRS has notified me that I am
no longer subject to backup withholding; and3) I am a U.S. citizen or other U.S. person; and4) The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct. Certification Instructions.		
You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you 				have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest		
paid, acquisitions or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA),		and generally, payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct		TIN.

I am signing on behalf of the minor as a parent or legal guardian:

PRINT MINOR’S NAMEXSIGNATURE OF PARENT/LEGAL GUARDIANDATE (MM/DD/YYYY)

Page 5 of 6

8 Dealer Information
DEALER NAME

DEALER’S ID!

REPRESENTATIVE’S LAST NAME

BRANCH ID

FIRST NAME

M.I.

REPRESENTATIVE’S ID

DEALER HEAD OFFICE INFORMATION:

REPRESENTATIVE BRANCH OFFICE INFORMATION:

ADDRESSADDRESSCITY / STATE / ZIP

CITY / STATE / ZIP

TELEPHONE NUMBER

TELEPHONE NUMBER

CODE

Before you mail, please: Complete all USA PATRIOT Act required information
 Social Security or Tax ID Number
 Date of Birth Full Name Permanent Street Address Enclose your personal check made payable to the Oaktree Diversified
Income Fund, Inc.
 Include a voided check or savings deposit slip, if applicable Sign your application in the Signature and Certification Required by
the Internal Revenue Service section
 Enclose additional documentation, if applicable Complete UTMA information, if applicable

Page 6 of 610/2023