# EDGAR Filing Document

**Accession Number:** 0001812554
**File Stem:** 0001812554-26-000027
**Filing Date:** 2026-5
**Character Count:** 1131387
**Document Hash:** af548777eed24b739463d660722865c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001812554-26-000027.hdr.sgml**: 20260511

**ACCESSION NUMBER**: 0001812554-26-000027

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 96

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260511

**DATE AS OF CHANGE**: 20260511

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blue Owl Credit Income Corp.
- **CENTRAL INDEX KEY:** 0001812554

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01369
- **FILM NUMBER:** 26964321

**BUSINESS ADDRESS:**
- **STREET 1:** 399 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** (212) 419-3000

**MAIL ADDRESS:**
- **STREET 1:** 399 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Owl Rock Core Income Corp.
- **DATE OF NAME CHANGE:** 20200519

?xml version='1.0' encoding='ASCII'? orcic-20260331

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 10-Q**

**(Mark One)**

☒ **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the quarterly period ended March 31, 2026**

**OR**

**☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from**___**to**

**Commission File Number: 814-01369**

**BLUE OWL CREDIT INCOME CORP.**

**(Exact name of Registrant as specified in its Charter)**

---

| | |
|:---|:---|
| **Maryland** | **85-1187564** |
| **(State or other jurisdiction of incorporation or organization)** | **(I.R.S. Employer Identification No.)** |
| **399 Park Avenue, New York, New York** | <br>**10022** |
| **(Address of principal executive offices)** | **(Zip Code)** |
| **Registrant's telephone number, including area code: (212) 419-3000** | **Registrant's telephone number, including area code: (212) 419-3000** |

---

Securities registered pursuant to Section 12(b) of the Act:

<u>Title of each class</u> <u>Trading Symbol(s)</u> <u>Name of each exchange on which registered</u> <br> None None None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
| Emerging growth company | ☐ | | |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of May 4, 2026, the registrant had 675,666,717 shares of Class S common stock, 45,575,669 shares of Class D common stock, and 1,396,563,230 shares of Class I common stock, $0.01, par value per share, outstanding.

------

**Table of Contents**

---

| | | |
|:---|:---|:---|
| | | **Page** |
| **[PART I.](#id288105198094d3e8673bbd919dcc8dc_148)** | **[FINANCIAL INFORMATION](#id288105198094d3e8673bbd919dcc8dc_148)** | |
| Item 1. | <u>[Financial Statements](#id288105198094d3e8673bbd919dcc8dc_148)</u> | [5](#id288105198094d3e8673bbd919dcc8dc_148) |
|  | <u>[Consolidated Statements of Assets and Liabilities as of March 31, 2026 (Unaudited) and December 31, 2025](#id288105198094d3e8673bbd919dcc8dc_148)</u> | [5](#id288105198094d3e8673bbd919dcc8dc_148) |
|  | <u>[Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (Unaudited)](#id288105198094d3e8673bbd919dcc8dc_151)</u> | [6](#id288105198094d3e8673bbd919dcc8dc_151) |
|  | <u>[Consolidated Statements of Changes in Net Assets for the Three Months Ended March 31, 2026 and 2025 (Unaudited)](#id288105198094d3e8673bbd919dcc8dc_166)</u> | [8](#id288105198094d3e8673bbd919dcc8dc_166) |
|  | <u>[Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (Unaudited)](#id288105198094d3e8673bbd919dcc8dc_169)</u> | [9](#id288105198094d3e8673bbd919dcc8dc_169) |
|  | <u>[Consolidated Schedules of Investments as of March 31, 2026 (Unaudited) and December 31, 2025](#id288105198094d3e8673bbd919dcc8dc_154)</u> | [11](#id288105198094d3e8673bbd919dcc8dc_154) |
|  | <u>[Notes to Consolidated Financial Statements (Unaudited)](#id288105198094d3e8673bbd919dcc8dc_172)</u> | [81](#id288105198094d3e8673bbd919dcc8dc_175) |
| Item 2. | <u>[Management's Discussion and Analysis of Financial Condition and Results of Operations](#id288105198094d3e8673bbd919dcc8dc_46)</u> | [145](#id288105198094d3e8673bbd919dcc8dc_46) |
| Item 3. | <u>[Quantitative and Qualitative Disclosures About Market Risk](#id288105198094d3e8673bbd919dcc8dc_139)</u> | [178](#id288105198094d3e8673bbd919dcc8dc_139) |
| Item 4. | <u>[Controls and Procedures](#id288105198094d3e8673bbd919dcc8dc_277)</u> | [179](#id288105198094d3e8673bbd919dcc8dc_277) |
| **[PART II.](#id288105198094d3e8673bbd919dcc8dc_328)** | **[OTHER INFORMATION](#id288105198094d3e8673bbd919dcc8dc_328)** |  |
| Item 1. | <u>[Legal Proceedings](#id288105198094d3e8673bbd919dcc8dc_331)</u> | [180](#id288105198094d3e8673bbd919dcc8dc_331) |
| Item 1A. | <u>[Risk Factors](#id288105198094d3e8673bbd919dcc8dc_334)</u> | [180](#id288105198094d3e8673bbd919dcc8dc_334) |
| Item 2. | <u>[Unregistered Sales of Equity Securities and Use of Proceeds](#id288105198094d3e8673bbd919dcc8dc_337)</u> | [180](#id288105198094d3e8673bbd919dcc8dc_337) |
| Item 3. | <u>[Defaults Upon Senior Securities](#id288105198094d3e8673bbd919dcc8dc_340)</u> | [181](#id288105198094d3e8673bbd919dcc8dc_340) |
| Item 4. | <u>[Mine Safety Disclosures](#id288105198094d3e8673bbd919dcc8dc_34)</u> | [181](#id288105198094d3e8673bbd919dcc8dc_34) |
| Item 5. | <u>[Other Information](#id288105198094d3e8673bbd919dcc8dc_343)</u> | [181](#id288105198094d3e8673bbd919dcc8dc_343) |
| Item 6. | <u>[Exhibits](#id288105198094d3e8673bbd919dcc8dc_349)</u> | [182](#id288105198094d3e8673bbd919dcc8dc_349) |
| <u>[Signatures](#id288105198094d3e8673bbd919dcc8dc_352)</u> |  |  |

---

------

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about Blue Owl Credit Income Corp. (the "Company," "we" or "our"), our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Words such as "anticipates," "expects," "intends," "plans," "will," "may," "continue," "believes," "seeks," "estimates," "would," "could," "should," "targets," "projects," "outlook," "potential," "predicts" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an economic downturn could impair our portfolio companies' ability to continue to operate, which could lead to the loss of some or all of our investments in such portfolio companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an economic downturn could disproportionately impact the companies that we intend to target for investment, potentially causing us to experience a decrease in investment opportunities and diminished demand for capital from these companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of elevated inflation rates, fluctuating interest rates, ongoing supply chain and labor market disruptions, including those as a result of strikes, work stoppages or accidents, instability in the U.S. and international banking systems, changes in law or regulation, including the impact of tariff enactment and tax reductions, trade disputes with other countries, and the risk of recession or future government shutdowns could impact our business prospects and the prospects of our portfolio companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an economic downturn could also impact availability and pricing of our financing and our ability to access the debt and equity capital markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a contraction of available credit and/or an inability to access the equity markets could impair our lending and investment activities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• changes in base interest rates and significant market volatility on our business and our portfolio companies (including our business prospects and the prospects of our portfolio companies including the ability to achieve our and their business objectives), our industry and the global economy including as a result of ongoing supply chain disruptions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interest rate volatility could adversely affect our results, particularly because we use leverage as part of our investment strategy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• currency fluctuations could adversely affect the results of our investments in foreign companies, particularly to the extent that we receive payments denominated in foreign currency rather than U.S. dollars;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our future operating results;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our contractual arrangements and relationships with third parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the ability of our portfolio companies to achieve their objectives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• competition with other entities and our affiliates for investment opportunities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks related to the uncertainty of the value of our portfolio investments, particularly those having no liquid trading market;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the use of borrowed money to finance a portion of our investments as well as any estimates regarding potential use of leverage;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the adequacy of our financing sources and working capital;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the loss of key personnel;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the timing of cash flows, if any, from the operations of our portfolio companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the ability of Blue Owl Credit Advisors LLC ("the Adviser" or "our Adviser") to locate suitable investments for us and to monitor and administer our investments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the ability of the Adviser to attract and retain highly talented professionals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to qualify for and maintain our tax treatment as a regulated investment company ("RIC") under subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact that environmental, social and governance matters could have on our brand and reputation and our portfolio companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effect of legal, tax and regulatory changes on our business and our portfolio companies;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of information technology system failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity attacks, and the increasing use of artificial intelligence and machine learning technology;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing war between Russia and Ukraine, continued political unrest in various countries such as Venezuela, as well as political and social unrest in the Middle East and North Africa regions, uncertainty with respect to immigration, and general uncertainty surrounding the financial and political stability of the United States, the United Kingdom, the European Union and China, on financial market volatility, global economic markets, and various markets for commodities globally such as oil and natural gas; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• other risks, uncertainties and other factors previously identified in the reports and other documents we have filed with the Securities and Exchange Commission ("SEC").

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. These forward-looking statements apply only as of the date of this report. Moreover, we assume no duty and do not undertake to update the forward-looking statements. Because we are an investment company, the forward-looking statements and projections contained in this report are excluded from the safe harbor protection provided by Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act").

------

**PART I. FINANCIAL INFORMATION**

**Item 1. Financial Statements**

**Blue Owl Credit Income Corp.**

**Consolidated Statements of Assets and Liabilities**

**(Amounts in thousands, except share and per share amounts)**

---

| | | |
|:---|:---|:---|
| | **March 31, 2026 (Unaudited)** | **December 31, 2025** |
| **Assets** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;*Investments at fair value:* |  |  |
| &nbsp;&nbsp;&nbsp;Non-controlled, non-affiliated investments (amortized cost of $34,134,621 and $34,497,335, respectively) | $33607175 | $34384822 |
| &nbsp;&nbsp;&nbsp;Non-controlled, affiliated investments (amortized cost of $16,820 and $16,817, respectively) | 15961 | 16564 |
| &nbsp;&nbsp;&nbsp;Controlled, affiliated investments (amortized cost of $1,872,815 and $1,469,006, respectively) | 1877314 | 1517562 |
| &nbsp;&nbsp;&nbsp;Total investments at fair value (amortized cost of $36,024,256 and $35,983,158, respectively) | 35500450 | 35918948 |
| Cash (restricted cash of $42,400 and $23,727, respectively) | 679761 | 733473 |
| Foreign cash (cost of $60,118 and $3,868, respectively) | 60149 | 3081 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest and dividend receivable | 212537 | 205414 |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivable from controlled affiliates | 15244 | 12468 |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivable for investments sold | 280525 | 90215 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | 159305 | 47167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $36907971 | $37010766 |
| **Liabilities** |  |  |
| &nbsp;&nbsp;Debt (net of unamortized debt issuance costs of $166,320 and $180,343, respectively) | $16358006 | $15590329 |
| &nbsp;&nbsp;Distribution payable | 142984 | 164816 |
| &nbsp;&nbsp;Payable for investments purchased | 20606 | 171965 |
| &nbsp;&nbsp;Payables to affiliates | 86867 | 92563 |
| &nbsp;&nbsp;Tender offer payable | 963621 | 1009562 |
| &nbsp;&nbsp;Accrued expenses and other liabilities | 188740 | 221258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | $17760824 | $17250493 |
| &nbsp;&nbsp;Commitments and contingencies (Note 8) |  |  |
| **Net Assets** |  |  |
| Class S Common shares $0.01 par value, 1,500,000,000 shares authorized; 672,389,216 and 672,364,767 shares issued and outstanding, respectively | $6724 | $6724 |
| Class D Common shares $0.01 par value, 1,000,000,000 shares authorized; 56,167,136 and 60,142,943 shares issued and outstanding, respectively | 562 | 601 |
| Class I Common shares $0.01 par value, 2,000,000,000 shares authorized; 1,376,428,997 and 1,384,490,278 shares issued and outstanding, respectively | 13764 | 13845 |
| &nbsp;&nbsp;Additional paid-in-capital | 19762625 | 19856584 |
| &nbsp;&nbsp;Accumulated undistributed (overdistributed) earnings | (636528) | (117481) |
| &nbsp;&nbsp;&nbsp;**Total Net Assets** | $19147147 | $19760273 |
| &nbsp;&nbsp;&nbsp;**Total Liabilities and Net Assets** | $36907971 | $37010766 |
| &nbsp;&nbsp;&nbsp;**Net Asset Value Per Class S Share** | $9.08 | $9.32 |
| &nbsp;&nbsp;&nbsp;**Net Asset Value Per Class D Share** | $9.09 | $9.33 |
| &nbsp;&nbsp;&nbsp;**Net Asset Value Per Class I Share** | $9.11 | $9.34 |

---

The accompanying notes are an integral part of these consolidated financial statements.

------

**Blue Owl Credit Income Corp.**

**Consolidated Statements of Operations**

**(Amounts in thousands, except share and per share amounts)**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| **Investment Income** |  |  |
| *Investment income from non-controlled, non-affiliated investments:* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income | $739561 | $628032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment-in-kind ("PIK") interest income | 31146 | 28720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | 978 | 1609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PIK dividend income | 15439 | 13344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income | 8915 | 7829 |
| Total investment income from non-controlled, non-affiliated investments | 796039 | 679534 |
| *Investment income from non-controlled, affiliated investments:* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income | 20 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PIK interest income | 5 | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | 214 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income | 1 |  |
| Total investment income from non-controlled, affiliated investments | 240 | 64 |
| *Investment income from controlled, affiliated investments:* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income | 2087 | 2765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PIK interest income | 4166 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | 30776 | 24887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income | 195 |  |
| Total investment income from controlled, affiliated investments | 37224 | 27652 |
| **Total Investment Income** | 833503 | 707250 |
| **Operating Expenses** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Offering costs | 1640 | 1962 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 257207 | 216560 |
| &nbsp;&nbsp;&nbsp;Management fees, net<sup>(1)</sup> | 62230 | 46397 |
| &nbsp;&nbsp;&nbsp;&nbsp;Performance based incentive fees | 60840 | 52675 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 6751 | 5596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Directors' fees | 445 | 320 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholder servicing fees | 13646 | 11408 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other general and administrative | 4661 | 3386 |
| **Total Operating Expenses** | 407420 | 338304 |
| &nbsp;&nbsp;**Net Investment Income (Loss) Before Taxes** | 426083 | 368946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax expense (benefit), including excise tax expense (benefit) | (25) | 220 |
| **Net Investment Income (Loss) After Taxes** | $426108 | $368726 |
| **Net Realized and Change in Unrealized Gain (Loss)** |  |  |
| *Net change in unrealized gain (loss):* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-controlled, non-affiliated investments | $(392596) | $(54453) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-controlled, affiliated investments | (606) | (82) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Controlled, affiliated investments | (44058) | (6275) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Translation of assets and liabilities in foreign currencies | (6473) | 7528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax (provision) benefit | 282 | 169 |
| **Total Net Change in Unrealized Gain (Loss)** | (443451) | (53113) |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Statements of Operations — Continued**

**(Amounts in thousands, except share and per share amounts)**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| *Net realized gain (loss):* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-controlled, non-affiliated investments | (67127) | (57865) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign currency transactions | 4104 | (6015) |
| **Total Net Realized Gain (Loss)** | (63023) | (63880) |
| **Total Net Realized and Change in Unrealized Gain (Loss)** | (506474) | (116993) |
| **Total Net Increase (Decrease) in Net Assets Resulting from Operations** | $(80366) | $251733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Net Increase (Decrease) in Net Assets Resulting from Operations - Class S Common Stock** | $(33524) | $77401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Net Increase (Decrease) in Net Assets Resulting from Operations - Class D Common Stock** | $(2364) | $8336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Net Increase (Decrease) in Net Assets Resulting from Operations - Class I Common Stock** | $(44478) | $165996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Earnings Per Share - Basic and Diluted of Class S Common Stock** | $(0.05) | $0.14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Weighted Average Shares of Class S Common Stock Outstanding - Basic and Diluted** | 685644136 | 553435797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Earnings Per Share - Basic and Diluted of Class D Common Stock** | $(0.04) | $0.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Weighted Average Shares of Class D Common Stock Outstanding - Basic and Diluted** | 60624074 | 54656440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Earnings Per Share - Basic and Diluted of Class I Common Stock** | $(0.03) | $0.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Weighted Average Shares of Class I Common Stock Outstanding - Basic and Diluted** | 1432254151 | 1043162192 |

---

_______________

<sup>(1)</sup> Refer to "*Note 3 — Agreements and Related Party Transactions"* for additional details on management fee waiver.

The accompanying notes are an integral part of these consolidated financial statements.

------

**Blue Owl Credit Income Corp.**

**Consolidated Statements of Changes in Net Assets** 

**(Amounts in thousands)**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| **Increase (Decrease) in Net Assets Resulting from Operations** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $426108 | $368726 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized gain (loss) | (443451) | (53113) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (63023) | (63880) |
| **Net Increase (Decrease) in Net Assets Resulting from Operations** | (80366) | 251733 |
| **Distributions** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Class S | (129886) | (123867) |
| &nbsp;&nbsp;&nbsp;&nbsp;Class D | (12098) | (13060) |
| &nbsp;&nbsp;&nbsp;&nbsp;Class I | (296697) | (254534) |
| &nbsp;&nbsp;Net Decrease in Net Assets Resulting from Shareholders' Distributions | (438681) | (391461) |
| **Capital Share Transactions** |  |  |
| &nbsp;&nbsp;**Class S:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Issuance of shares of common stock | 158976 | 541138 |
| &nbsp;&nbsp;&nbsp;&nbsp;Share transfers between classes<sup>(1)</sup> | (28011) | (22590) |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase of common shares | (194086) | (53498) |
| &nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of shareholders' distributions | 66700 | 55580 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class S | 3579 | 520630 |
| &nbsp;&nbsp;**Class D:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Issuance of shares of common stock | 4495 | 56677 |
| &nbsp;&nbsp;&nbsp;&nbsp;Share transfers between classes<sup>(1)</sup> | (58) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase of common shares | (44477) | (1912) |
| &nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of shareholders' distributions | 4055 | 4069 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class D | (35985) | 58858 |
| &nbsp;&nbsp;**Class I:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Issuance of shares of common stock | 506932 | 1328427 |
| &nbsp;&nbsp;&nbsp;&nbsp;Share transfers between classes<sup>(1)</sup> | 28069 | 22566 |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase of common shares | (724544) | (148539) |
| &nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of shareholders' distributions | 127870 | 105776 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions - Class I | (61673) | 1308230 |
| **Total Increase (Decrease) in Net Assets** | (613126) | 1747990 |
| Net Assets, at beginning of period | $19760273 | $14521602 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Assets, at end of period** | $19147147 | $16269592 |

---

______________

<sup>(1)</sup> In certain cases, and subject to Blue Owl Securities LLC's (d/b/a Blue Owl Securities) (the "Dealer Manager") approval, including in situations where a holder of Class S or Class D shares exits a relationship with a participating broker-dealer for this offering and does not enter into a new relationship with a participating broker-dealer for this offering, such holder's shares may be exchanged into an equivalent net asset value amount of Class I shares.

The accompanying notes are an integral part of these consolidated financial statements.

------

**Blue Owl Credit Income Corp.**

**Consolidated Statements of Cash Flows** 

**(Amounts in thousands)**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| | **2026** | **2025** |
| **Cash Flows from Operating Activities** |  |  |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $(80366) | $251733 |
| *Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of investments, net | (2536723) | (4198054) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from investments and investment repayments, net | 2502299 | 1082081 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized (gain) loss on investments | 437260 | 60810 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in interest rate swaps attributed to unsecured notes | (33279) | 65497 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized (gain) loss on foreign currency forward contracts | (2293) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies | 8766 | (7528) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized (gain) loss on income tax (provisions) benefit | (282) | (169) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized (gain) loss on investments | 67127 | 57865 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized (gain) loss on foreign currency transactions relating to investments | (3812) | 5873 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized (gain) loss on foreign currency forward contracts | 1419 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized (gain) loss on foreign currency transactions relating to debt |  | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment-in-kind interest and dividends | (43864) | (35250) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net accretion/amortization of discount/premium on investments | (26125) | (27902) |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of debt issuance costs | 11022 | 11038 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of offering costs | 1640 | 1962 |
| *Changes in operating assets and liabilities:* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in interest and dividend receivable | (7123) | (28617) |
| &nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in receivable from controlled affiliates | (2776) | 6499 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in receivable for investments sold | (189081) | 368602 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in prepaid expenses and other assets | (113232) | (56515) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in payable for investments purchased | (151359) | 766430 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in payables to affiliates | (5696) | 979 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in accrued expenses and other liabilities | (31362) | (160587) |
| **Net cash provided by (used in) operating activities** | (197840) | (1835210) |
| **Cash Flows from Financing Activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings on debt | 3567924 | 3910000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Repayments of debt | (2760000) | (4066000) |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred offering costs paid | (314) | (342) |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt issuance costs paid | (5881) | (6064) |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase of common stock | (1009048) | (193197) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of common shares | 670403 | 1926242 |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions paid to shareholders | (261888) | (206101) |
| **Net cash provided by (used in) financing activities** | 201196 | 1364538 |
| **Net increase (decrease) in cash and restricted cash, including foreign cash (restricted cash of $18,673 and $(92127), respectively)** | 3356 | (470672) |
| Cash and restricted cash, including foreign cash, beginning of period (restricted cash of $23,727 and $182,030, respectively) | 736554 | 1006483 |
| **Cash and restricted cash, including foreign cash, end of period (restricted cash of $42,400 and $89,903, respectively)** | $739910 | $535811 |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Statements of Cash Flows** 

**(Amounts in thousands)**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| | **2026** | **2025** |
| **Supplemental and Non-Cash Information** |  |  |
| Interest paid during the period | $289585 | $294180 |
| Distributions declared during the period | 438681 | 391461 |
| Reinvestment of distributions during the period | 198625 | 165425 |
| Taxes, including excise tax, paid during the period | 1568 | 10010 |
| Distributions Payable | 142984 | 172412 |

---

The accompanying notes are an integral part of these consolidated financial statements.

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments** 

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**(Unaudited)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Non-controlled/non-affiliated portfolio company investments** | **Non-controlled/non-affiliated portfolio company investments** | **Non-controlled/non-affiliated portfolio company investments** | | | | | | | | |
| **Debt Investments(7)** | | | | | | | | | | |
| **Advertising and media** | | | | | | | | | | |
| DIRECTV Financing, LLC(9) | First lien senior secured loan | S+ | 5.25% |  | 8/2029 | $64490 |  | $64582 | $64580 |  |
| IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(3)(4)(9) | First lien senior secured loan | S+ | 4.25% |  | 12/2029 | 267492 |  | 267160 | 265486 |  |
| Monotype Imaging Holdings Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.25% |  | 2/2031 | 168962 |  | 167982 | 165583 |  |
|  |  |  |  |  |  |  |  | 499724 | 495649 | 2.6% |
| **Aerospace and defense** |  |  |  |  |  |  |  |  |  |  |
| Horizon Avionics Buyer, LLC (dba Acron Aviation)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 3/2032 | 124240 |  | 123532 | 123517 |  |
| Jeppesen Holdings, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 10/2032 | 16637 |  | 16518 | 16346 |  |
| ManTech International Corporation(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 9/2029 | 14624 |  | 14622 | 14442 |  |
| Peraton Corp.(3)(9) | Second lien senior secured loan | S+ | 7.75% |  | 2/2029 | 4831 |  | 4800 | 3454 |  |
| STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 10/2031 | 133828 |  | 133274 | 132490 |  |
| STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% |  | 10/2030 | 11828 |  | 11776 | 11678 |  |
|  |  |  |  |  |  |  |  | 304522 | 301927 | 1.6% |
| **Asset based lending and fund finance** | **Asset based lending and fund finance** |  |  |  |  |  |  |  |  |  |
| Hg Genesis 9 SumoCo Limited(3)(4)(14)(31) | Unsecured facility | E+ | 6.00% |  | 3/2029 | 101289 |  | 108063 | 116705 |  |
| Hg Saturn Luchaco Limited(3)(4)(19)(31) | Unsecured facility | SA+ |  | 8.25% | 3/2027 | £768 |  | 981 | 1013 |  |
|  |  |  |  |  |  |  |  | 109044 | 117718 | 0.6% |
| **Automotive aftermarket** |  |  |  |  |  |  |  |  |  |  |
| OAC Holdings I Corp. (dba Omega Holdings)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 3/2029 | 8292 |  | 8208 | 8147 |  |
| OAC Holdings I Corp. (dba Omega Holdings)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% |  | 3/2028 | 1691 |  | 1673 | 1645 |  |
|  |  |  |  |  |  |  |  | 9881 | 9792 | 0.1% |
| **Automotive services** |  |  |  |  |  |  |  |  |  |  |
| MAJCO LLC (dba Big Brand Tire & Service)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% |  | 9/2032 | 460197 |  | 457325 | 459046 |  |
| Mavis Tire Express Services Topco Corp.(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 5/2028 | 43604 |  | 43464 | 43534 |  |
| McQueen Bidco PTY LTD. (dba Infomedia)(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 29342 |  | 29271 | 28902 |  |
| Spotless Brands, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.75% |  | 7/2028 | 80673 |  | 80201 | 80673 |  |
| Spotless Brands, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 5.00% |  | 7/2028 | 15459 |  | 15156 | 15094 |  |
|  |  |  |  |  |  |  |  | 625417 | 627249 | 3.3% |
| **Buildings and real estate** |  |  |  |  |  |  |  |  |  |  |
| Associations Finance, Inc.(3)(4)(6) | Unsecured notes | N/A |  | 14.25% | 5/2030 | 196386 |  | 195486 | 196386 |  |
| Associations, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.50% |  | 7/2028 | 554035 |  | 553427 | 554035 |  |
| CoreLogic Inc.(8) | First lien senior secured loan | S+ | 3.50% |  | 6/2028 | 23532 |  | 23231 | 22459 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Dodge Construction Network LLC(3)(9) | First lien senior secured loan | S+ | 4.75% |  | 2/2029 | 10353 |  | 8819 | 7665 |  |
| RealPage, Inc.(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 4/2028 | 15817 |  | 15793 | 15127 |  |
| RealPage, Inc.(3)(9) | First lien senior secured loan | S+ | 3.75% |  | 4/2028 | 17606 |  | 17541 | 17058 |  |
| Wrench Group LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 9/2032 | 237030 |  | 235697 | 234660 |  |
| Wrench Group LLC(3)(4)(12)(22) | First lien senior secured revolving loan | P+ | 3.75% |  | 9/2031 | 12097 |  | 11922 | 11773 |  |
|  |  |  |  |  |  |  |  | 1061916 | 1059163 | 5.5% |
| **Business services** |  |  |  |  |  |  |  |  |  |  |
| Access CIG, LLC(3)(9) | First lien senior secured loan | S+ | 4.00% |  | 8/2030 | 78011 |  | 78011 | 70178 |  |
| Accommodations Plus Technologies LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 5/2032 | 8084 |  | 8011 | 7822 |  |
| Aurelia Netherlands B.V.(3)(4)(14)(31) | First lien senior secured EUR term loan | E+ | 4.75% |  | 5/2031 | 55027 |  | 62192 | 63402 |  |
| Boxer Parent Company Inc. (f/k/a BMC)(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 7/2031 | 32628 |  | 32613 | 30171 |  |
| Capstone Acquisition Holdings, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 11/2029 | 86066 |  | 85604 | 85421 |  |
| CMG HoldCo, LLC (dba Crete United)(3)(4)(10)(22) | First lien senior secured loan | S+ | 4.75% |  | 11/2030 | 55405 |  | 54882 | 53987 |  |
| ConnectWise, LLC(3)(9) | First lien senior secured loan | S+ | 3.50% |  | 9/2028 | 56454 |  | 56297 | 51983 |  |
| Conservice Midco, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 2/2033 | 114198 |  | 113915 | 113912 |  |
| CoolSys, Inc.(3)(9) | First lien senior secured loan | S+ | 6.00% |  | 8/2028 | 13802 |  | 13279 | 11411 |  |
| CoreTrust Purchasing Group LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.25% |  | 10/2029 | 128754 |  | 127930 | 128432 |  |
| DuraServ LLC(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 6/2031 | 219254 |  | 218117 | 215046 |  |
| DuraServ LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 4.75% |  | 6/2030 | 8732 |  | 8648 | 8308 |  |
| Hercules Borrower, LLC (dba The Vincit Group)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 12/2028 | 147661 |  | 147292 | 147661 |  |
| Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(6)(32) | Unsecured notes | N/A |  | 0.48% | 12/2029 | 24 |  | 24 | 36 |  |
| IGT Holding IV AB (dba IFS)(3)(4)(9)(31) | First lien senior secured loan | S+ | 3.00% |  | 9/2031 | 4000 |  | 3930 | 3960 |  |
| Kaseya Inc.(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 3/2032 | 79200 |  | 78851 | 73759 |  |
| Kaseya Inc.(3)(8) | Second lien senior secured loan | S+ | 5.00% |  | 3/2033 | 25172 |  | 25042 | 19906 |  |
| KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 10/2028 | 99879 |  | 99038 | 89642 |  |
| KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 5.75% |  | 10/2028 | 72 |  | 71 | 65 |  |
| Ping Identity Holding Corp.(3)(4)(8) | First lien senior secured loan | S+ | 2.75% |  | 11/2032 | 35000 |  | 34916 | 34563 |  |
| Plano HoldCo, Inc. (dba Perficient)(3)(9) | First lien senior secured loan | S+ | 3.50% |  | 10/2031 | 24750 |  | 24650 | 19800 |  |
| Plusgrade Inc.(3)(4)(9)(31) | First lien senior secured loan | S+ | 3.50% |  | 3/2031 | 23524 |  | 23524 | 22583 |  |
| Red Planet Borrower, LLC (dba Liftoff Mobile)(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 8/2032 | 61845 |  | 61326 | 60392 |  |
| XPLOR T1, LLC(3)(4)(9) | First lien senior secured loan | S+ | 3.50% |  | 12/2032 | 91540 |  | 91096 | 84903 |  |
|  |  |  |  |  |  |  |  | 1449259 | 1397343 | 7.3% |
| **Chemicals** |  |  |  |  |  |  |  |  |  |  |
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(3)(9) | First lien senior secured loan | S+ | 4.00% |  | 11/2027 | 18818 |  | 18692 | 17948 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(3)(4)(9) | Second lien senior secured loan | S+ | 7.75% |  | 11/2028 | 40137 |  | 40131 | 36023 |  |
| Arc Falcon I Inc.(3)(8) | First lien senior secured loan | S+ | 4.50% |  | 3/2033 | 7801 |  | 7142 | 7127 |  |
| Derby Buyer LLC (dba Delrin)(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2030 | 16473 |  | 16473 | 16431 |  |
| DCG ACQUISITION CORP. (dba DuBois Chemical)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 6/2031 | 106360 |  | 105501 | 104995 |  |
| DM Buyer (USA), Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 2/2033 | 58750 |  | 58461 | 58456 |  |
| Gaylord Chemical Company, L.L.C.(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.75% |  | 12/2027 | 186100 |  | 185445 | 185629 |  |
| Rocket BidCo, Inc. (dba Recochem)(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.75% |  | 11/2030 | 352649 |  | 347237 | 350886 |  |
| Velocity HoldCo III Inc. (dba VelocityEHS)(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 5/2029 | 4033 |  | 4033 | 3952 |  |
| Nouryon Finance B.V.(3)(10)(31) | First lien senior secured loan | S+ | 3.25% |  | 4/2028 | 9130 |  | 9130 | 8937 |  |
|  |  |  |  |  |  |  |  | 792245 | 790384 | 4.1% |
| **Consumer products** |  |  |  |  |  |  |  |  |  |  |
| Conair Holdings LLC(3)(8) | First lien senior secured loan | S+ | 3.75% |  | 5/2028 | 44337 |  | 44121 | 30845 |  |
| Conair Holdings LLC(3)(4)(8) | Second lien senior secured loan | S+ | 7.50% |  | 5/2029 | 22591 |  | 22412 | 13555 |  |
| Foundation Consumer Brands, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 2/2029 | 117161 |  | 116338 | 116869 |  |
| Lignetics Investment Corp.(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 11/2027 | 94989 |  | 94856 | 94989 |  |
| SWK BUYER, Inc. (dba Stonewall Kitchen)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 3/2029 | 57725 |  | 57160 | 55704 |  |
| WU Holdco, Inc. (dba PurposeBuilt Brands)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 4/2032 | 191771 |  | 191318 | 190756 |  |
|  |  |  |  |  |  |  |  | 526205 | 502718 | 2.6% |
| **Containers and packaging** | **Containers and packaging** |  |  |  |  |  |  |  |  |  |
| Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 1/2032 | 165179 |  | 164511 | 163924 |  |
| Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.25% |  | 1/2031 | 3906 |  | 3858 | 3817 |  |
| Ascend Buyer, LLC (dba PPC Flexible Packaging)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 9/2028 | 91415 |  | 90786 | 90429 |  |
| Berlin Packaging(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 6/2031 | 65388 |  | 65344 | 62864 |  |
| Clydesdale Acquisition Holdings, Inc. (dba Novolex)(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 3/2032 | 72037 |  | 71520 | 67103 |  |
| Fortis Solutions Group, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 10/2028 | 65426 |  | 64846 | 63954 |  |
| Fortis Solutions Group, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.50% |  | 10/2027 | 3036 |  | 3001 | 2884 |  |
| Indigo Buyer, Inc. (dba Inovar Packaging Group)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 5/2028 | 134911 |  | 134280 | 134911 |  |
| Mauser Packaging Solutions Holding Company(9) | First lien senior secured loan | S+ | 3.50% |  | 4/2030 | 45000 |  | 44579 | 43407 |  |
| Pregis Topco LLC(3)(4)(8) | Second lien senior secured loan | S+ | 7.75% |  | 8/2029 | 2500 |  | 2500 | 2500 |  |
| Pregis Topco LLC(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 2/2029 | 3703 |  | 3696 | 3696 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Pregis Topco LLC(3)(4)(8) | Second lien senior secured loan | S+ | 6.75% |  | 8/2029 | 30000 |  | 30000 | 30000 |  |
| ProAmpac PG Borrower LLC(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 3/2033 | 35000 |  | 34478 | 33716 |  |
| Tricorbraun Holdings, Inc.(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 3/2028 | 80588 |  | 79954 | 76421 |  |
|  |  |  |  |  |  |  |  | 793353 | 779626 | 4.1% |
| **Distribution** |  |  |  |  |  |  |  |  |  |  |
| ABB/Con-cise Optical Group LLC(3)(4)(9) | First lien senior secured loan | S+ | 7.50% |  | 2/2028 | 33306 |  | 33112 | 33057 |  |
| Aramsco, Inc.(3)(9) | First lien senior secured loan | S+ | 4.75% |  | 10/2030 | 49464 |  | 48800 | 33848 |  |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 12/2030 | 63288 |  | 63283 | 62263 |  |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(3)(8) | First lien senior secured loan | S+ | 3.50% |  | 12/2032 | 133000 |  | 131037 | 130752 |  |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(4)(8) | Second lien senior secured loan | S+ | 5.25% |  | 12/2031 | 285000 |  | 283104 | 280012 |  |
| Dealer Tire Financial, LLC(4)(6) | Unsecured notes | N/A | 8.00% |  | 2/2028 | 56120 |  | 55625 | 54436 |  |
| Dealer Tire Financial, LLC(8) | First lien senior secured loan | S+ | 3.00% |  | 7/2031 | 21980 |  | 21980 | 21870 |  |
| Endries Acquisition, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 12/2028 | 107446 |  | 106977 | 105298 |  |
| Formerra, LLC(3)(4)(8) | First lien senior secured loan | S+ | 7.25% |  | 11/2028 | 5297 |  | 5209 | 5271 |  |
| Offen, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 7/2030 | 16885 |  | 16736 | 16674 |  |
| Offen, Inc.(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.00% |  | 7/2029 | 921 |  | 902 | 893 |  |
| White Cap Supply Holdings, LLC(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 10/2029 | 40772 |  | 40629 | 39125 |  |
|  |  |  |  |  |  |  |  | 807394 | 783499 | 4.1% |
| **Education** |  |  |  |  |  |  |  |  |  |  |
| Ellucian Holdings Inc. (f/k/a Sophia, L.P.)(8) | Second lien senior secured loan | S+ | 4.75% |  | 11/2032 | 10000 |  | 9978 | 9542 |  |
| Learning Care Group (US) No. 2 Inc.(3)(9) | First lien senior secured loan | S+ | 4.00% |  | 8/2028 | 41688 |  | 41678 | 30044 |  |
| Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8) | First lien senior secured loan | S+ | 2.50% | 2.25% | 10/2031 | 131975 |  | 130867 | 127026 |  |
| Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22) | First lien senior secured delayed draw term loan | S+ | 4.75% |  | 10/2031 | 6556 |  | 6420 | 5639 |  |
| Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 4.50% |  | 10/2031 | 4353 |  | 4225 | 3741 |  |
|  |  |  |  |  |  |  |  | 193168 | 175992 | 0.9% |
| **Energy equipment and services** | **Energy equipment and services** |  |  |  |  |  |  |  |  |  |
| Dresser Utility Solutions, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.25% |  | 3/2029 | 88733 |  | 88159 | 88733 |  |
|  |  |  |  |  |  |  |  | 88159 | 88733 | 0.5% |
| **Financial services** |  |  |  |  |  |  |  |  |  |  |
| Ascensus Holdings, Inc.(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2032 | 6701 |  | 6684 | 6586 |  |
| Baker Tilly Advisory Group, LP(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 6/2031 | 112573 |  | 111226 | 112573 |  |
| Baker Tilly Advisory Group, LP(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 6/2031 | 191791 |  | 191024 | 189873 |  |
| BCPE Pequod Buyer, Inc. (dba Envestnet)(3)(9) | First lien senior secured loan | S+ | 2.75% |  | 11/2031 | 22662 |  | 22662 | 21955 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Blackhawk Network Holdings, Inc.(3)(8) | First lien senior secured loan | S+ | 3.50% |  | 3/2029 | 67616 |  | 67616 | 66656 |  |
| BTRS Holdings Inc. (dba Billtrust)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% |  | 12/2028 | 33383 |  | 33153 | 32521 |  |
| Citrin Cooperman Advisors LLC(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 4/2032 | 2239 |  | 2229 | 2147 |  |
| Cohnreznick Advisory LLC(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 3/2032 | 46500 |  | 46500 | 44817 |  |
| Continental Finance Company, LLC(3)(4)(8) | First lien senior secured loan | S+ | 8.00% |  | 3/2029 | 13250 |  | 13147 | 13084 |  |
| Computer Services, Inc. (dba CSI)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 11/2031 | 143358 |  | 142542 | 140849 |  |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% |  | 6/2030 | 39559 |  | 39192 | 39559 |  |
| Deerfield Dakota Holdings(3)(4)(9) | First lien senior secured loan | S+ | 3.00% | 2.75% | 9/2032 | 508164 |  | 505820 | 505623 |  |
| Deerfield Dakota Holdings(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.25% |  | 9/2032 | 9409 |  | 9193 | 9174 |  |
| EP Wealth Advisors, LLC(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 10/2032 | 10000 |  | 9976 | 10000 |  |
| Finastra USA, Inc.(3)(9)(31) | First lien senior secured loan | S+ | 4.00% |  | 9/2032 | 175000 |  | 173356 | 164063 |  |
| First Eagle Holdings, Inc.(3)(9) | First lien senior secured loan | S+ | 3.50% |  | 8/2032 | 12780 |  | 12602 | 12582 |  |
| Klarna Holding AB(3)(4)(9)(31) | Subordinated floating rate notes | S+ | 7.00% |  | 4/2034 | 1000 |  | 1000 | 995 |  |
| KRIV Acquisition Inc. (dba Riveron)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 7/2031 | 97787 |  | 95804 | 97787 |  |
| ML Holdco, Inc. (dba Meridian Link)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 10/2032 | 30798 |  | 30652 | 29874 |  |
| Minotaur Acquisition, Inc. (dba Inspira Financial)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 6/2030 | 435408 |  | 432052 | 434318 |  |
| NMI Acquisitionco, Inc. (dba Network Merchants)(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 9/2028 | 12022 |  | 11999 | 11840 |  |
| OneDigital Borrower LLC(3)(8) | Second lien senior secured loan | S+ | 5.25% |  | 7/2032 | 33800 |  | 33662 | 32955 |  |
| OneDigital Borrower LLC(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 7/2031 | 19955 |  | 19955 | 19250 |  |
| Orion US Finco Inc. (dba OSTTRA)(3)(9)(31) | First lien senior secured loan | S+ | 3.50% |  | 5/2032 | 5500 |  | 5474 | 5440 |  |
| Pushpay USA Inc(3)(4)(9)(31) | First lien senior secured loan | S+ | 3.75% |  | 8/2031 | 1190 |  | 1190 | 1154 |  |
| Saphilux S.a.r.L. (dba IQ-EQ)(3)(10)(31) | First lien senior secured loan | S+ | 3.00% |  | 7/2028 | 37578 |  | 37578 | 37496 |  |
| Smarsh Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 2/2029 | 112985 |  | 112403 | 108481 |  |
| Vestwell Holdings Inc.(3)(4)(9) | First lien senior secured loan | S+ |  | 7.00% | 1/2031 | 23176 |  | 22641 | 22249 |  |
| Wipfli Advisory LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 10/2032 | 61606 |  | 61460 | 61144 |  |
|  |  |  |  |  |  |  |  | 2252792 | 2235045 | 11.7% |
| **Food and beverage** |  |  |  |  |  |  |  |  |  |  |
| Balrog Acquisition, Inc. (dba Bakemark)(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 9/2028 | 24984 |  | 24200 | 17531 |  |
| Balrog Acquisition, Inc. (dba Bakemark)(3)(4)(8) | Second lien senior secured loan | S+ | 7.00% |  | 9/2029 | 6000 |  | 5973 | 3690 |  |
| Blast Bidco Inc. (dba Bazooka Candy Brands)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% |  | 10/2030 | 35104 |  | 34469 | 35104 |  |
| Dessert Holdings(8) | First lien senior secured loan | S+ | 4.00% |  | 6/2028 | 26081 |  | 26013 | 25958 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Eagle Family Foods Group LLC(3)(4)(10) | First lien senior secured loan | S+ | 4.75% |  | 8/2030 | 160699 |  | 159449 | 160297 |  |
| Fiesta Purchaser, Inc. (dba Shearer's Foods)(3)(9)(22) | First lien senior secured revolving loan | S+ | 2.75% |  | 2/2029 | 3328 |  | 3114 | 2893 |  |
| Gehl Foods, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.25% |  | 6/2030 | 135879 |  | 134762 | 135539 |  |
| Hissho Parent, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 5/2029 | 149180 |  | 148527 | 149180 |  |
| Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(3)(4)(8) | First lien senior secured loan | S+ | 6.25% |  | 3/2027 | 46993 |  | 46808 | 46876 |  |
| KBP Brands, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 5/2027 | 54250 |  | 54050 | 53166 |  |
| Ole Smoky Distillery, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 3/2028 | 29782 |  | 29537 | 27474 |  |
| Rushmore Investment III LLC (dba Winland Foods)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 10/2030 | 505587 |  | 501684 | 504323 |  |
| Savor Acquisition, Inc. (dba Sauer Brands)(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 2/2032 | 2679 |  | 2673 | 2679 |  |
| The Better Being Co., LLC (fka Nutraceutical International Corporation)(3)(4)(8) | First lien senior secured loan | S+ | 6.00% |  | 12/2029 | 169125 |  | 167537 | 167434 |  |
| Tacala, LLC(8) | First lien senior secured loan | S+ | 3.00% |  | 1/2031 | 54810 |  | 54694 | 54750 |  |
| Vital Bidco AB (dba Vitamin Well)(3)(4)(8)(31) | First lien senior secured loan | S+ | 4.25% |  | 10/2031 | 223777 |  | 220242 | 223777 |  |
|  |  |  |  |  |  |  |  | 1613732 | 1610671 | 8.4% |
| **Healthcare equipment and services** | **Healthcare equipment and services** |  |  |  |  |  |  |  |  |  |
| Arctic US Bidco, Inc. (dba ThermoSafe)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 11/2032 | 83162 |  | 82693 | 82178 |  |
| Bamboo US BidCo LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 9/2030 | 139593 |  | 139244 | 139593 |  |
| Bamboo US BidCo LLC(3)(4)(14) | First lien senior secured EUR term loan | E+ | 5.00% |  | 9/2030 | 60842 |  | 64009 | 70102 |  |
| Cadence, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% |  | 5/2028 | 11750 |  | 11750 | 11716 |  |
| Cadence, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 5/2028 | 2377 |  | 2377 | 2377 |  |
| Canadian Hospital Specialties Limited(3)(4)(21)(31) | First lien senior secured loan | C+ | 4.50% |  | 4/2028 | 4770 |  | 3786 | 3376 |  |
| Canadian Hospital Specialties Limited(3)(4)(21)(22)(31) | First lien senior secured revolving loan | C+ | 4.50% |  | 4/2027 | 303 |  | 240 | 211 |  |
| Cambrex Corporation(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% |  | 3/2032 | 261828 |  | 259320 | 261117 |  |
| Confluent Medical Technologies, Inc.(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 2/2029 | 15059 |  | 15059 | 15030 |  |
| Creek Parent, Inc. (dba Catalent)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 12/2031 | 291633 |  | 287247 | 289445 |  |
| CSC MKG Topco LLC (dba Medical Knowledge Group)(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 2/2029 | 97504 |  | 96538 | 97504 |  |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(3)(4)(14) | First lien senior secured EUR term loan | E+ | 5.50% |  | 3/2031 | 54936 |  | 58808 | 62189 |  |
| Nelipak Holding Company(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% |  | 3/2031 | 48705 |  | 48161 | 47807 |  |
| Nelipak Holding Company(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.50% |  | 3/2031 | 2375 |  | 2281 | 2221 |  |
| NSM Top Holdings Corp. (dba National Seating & Mobility)(3)(4)(9) | First lien senior secured loan | S+ | 4.25% |  | 5/2029 | 9950 |  | 9927 | 9950 |  |
| Packaging Coordinators Midco, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 10/2032 | 521155 |  | 514835 | 515931 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Packaging Coordinators Midco, Inc.(3)(4)(19) | First lien senior secured delayed draw term loan | SA+ | 5.00% |  | 10/2032 | £44360 |  | 58399 | 57912 |  |
| Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.)(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.75% |  | 1/2028 | 163106 |  | 162710 | 163106 |  |
| PerkinElmer U.S. LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 3/2029 | 186674 |  | 186373 | 186207 |  |
| Resonetics, LLC(3)(9) | First lien senior secured loan | S+ | 2.75% |  | 6/2031 | 16602 |  | 16602 | 16514 |  |
| Rhea Parent, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 12/2030 | 200772 |  | 200289 | 198764 |  |
| TBRS, Inc. (dba TEAM Technologies)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 11/2031 | 155534 |  | 154817 | 154756 |  |
| Zest Acquisition Corp.(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 2/2028 | 19286 |  | 19287 | 18659 |  |
|  |  |  |  |  |  |  |  | 2394752 | 2406665 | 12.6% |
| **Healthcare providers and services** | **Healthcare providers and services** |  |  |  |  |  |  |  |  |  |
| Allied Benefit Systems Intermediate LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 10/2030 | 36122 |  | 36048 | 35761 |  |
| Anesthesia Consulting & Management, LP(3)(4)(10) | First lien senior secured loan | S+ | 5.00% |  | 12/2032 | 53706 |  | 53399 | 53169 |  |
| Atlas Borrower, LLC (dba Anovo)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 9/2032 | 93782 |  | 92903 | 92610 |  |
| Belmont Buyer, Inc. (dba Valenz)(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.50% |  | 6/2029 | 68636 |  | 67721 | 68636 |  |
| Belmont Buyer, Inc. (dba Valenz)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 6/2029 | 47583 |  | 47311 | 47226 |  |
| Bristol Hospice L.L.C.(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 8/2032 | 201017 |  | 200076 | 201017 |  |
| Commander Buyer, Inc. (dba CenExel)(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 6/2032 | 123181 |  | 122565 | 122565 |  |
| Confluent Health, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 11/2028 | 19600 |  | 19242 | 16954 |  |
| Covetrus, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 10/2029 | 34857 |  | 33881 | 33550 |  |
| Covetrus, Inc.(3)(4)(9) | Second lien senior secured loan | S+ | 9.25% |  | 10/2030 | 160000 |  | 157742 | 160000 |  |
| D4C Dental Brands, Inc.(4)(10)(22) | First lien senior secured loan | S+ | 4.50% |  | 11/2029 | 140476 |  | 139459 | 140104 |  |
| dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)(3)(4)(21)(22)(31) | First lien senior secured delayed draw term loan | C+ | 5.00% |  | 1/2033 | 286243 |  | 205194 | 203992 |  |
| Engage Debtco Limited(4)(9)(31) | First lien senior secured loan | S+ | 3.03% | 4.25% | 7/2029 | 33739 |  | 33194 | 32052 |  |
| Engage Debtco Limited(3)(4)(9)(31) | First lien senior secured loan | S+ | 3.08% | 2.75% | 7/2029 | 86254 |  | 85180 | 78923 |  |
| Ex Vivo Parent Inc. (dba OB Hospitalist)(3)(4)(8) | First lien senior secured loan | S+ |  | 9.50% | 9/2028 | 49581 |  | 49301 | 49581 |  |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 12/2029 | 360331 |  | 356801 | 357629 |  |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)(3)(4)(10) | First lien senior secured loan | S+ | 4.00% |  | 9/2030 | 72004 |  | 71719 | 71823 |  |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)(3)(4)(8)(22) | First lien senior secured delayed draw term loan | S+ | 4.00% |  | 9/2030 | 10625 |  | 10580 | 10599 |  |
| Maple Acquisition, LLC (dba Medicus)(3)(4)(10) | First lien senior secured loan | S+ | 4.50% |  | 5/2031 | 85201 |  | 84694 | 85201 |  |
| MED ParentCo, LP(8) | First lien senior secured loan | S+ | 3.00% |  | 4/2031 | 11758 |  | 11758 | 11744 |  |
| Natural Partners, LLC(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.50% |  | 11/2030 | 162174 |  | 160833 | 162174 |  |
| Neptune Holdings, Inc. (dba NexTech)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 8/2030 | 30188 |  | 30065 | 29584 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| NH Kronos Parent, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% |  | 1/2033 | 131469 |  | 130774 | 130760 |  |
| Nova Women's Health, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 1/2032 | 28977 |  | 28836 | 28832 |  |
| OB Hospitalist Group, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.25% |  | 9/2027 | 67547 |  | 67089 | 67547 |  |
| Pacific BidCo Inc.(3)(4)(10)(31) | First lien senior secured loan | S+ | 5.75% |  | 8/2029 | 190410 |  | 187863 | 187554 |  |
| Pediatric Associates Holding Company, LLC(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 12/2028 | 31813 |  | 31134 | 30372 |  |
| Pediatric Associates Holding Company, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2028 | 27069 |  | 26411 | 26392 |  |
| PetVet Care Centers, LLC(3)(4)(8) | First lien senior secured loan | S+ | 6.00% |  | 11/2030 | 237499 |  | 235759 | 213749 |  |
| PetVet Care Centers, LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.00% |  | 11/2029 | 6652 |  | 6463 | 3326 |  |
| PG Buyer, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 9/2031 | 29509 |  | 29236 | 29066 |  |
| Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 9/2031 | 88302 |  | 87571 | 88302 |  |
| Physician Partners, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.00% |  | 12/2029 | 175878 |  | 167772 | 166205 |  |
| Physician Partners, LLC(3)(9) | First lien senior secured loan | S+ | 1.50% | 2.50% | 12/2029 | 18221 |  | 12348 | 12177 |  |
| Physician Partners, LLC(4)(9) | First lien senior secured loan | S+ | 3.00% | 2.50% | 12/2029 | 83408 |  | 59521 | 58802 |  |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28) | First lien senior secured loan | S+ |  | 5.75% | 5/2029 | 115173 |  | 105818 | 65648 |  |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28) | First lien senior secured delayed draw term loan | S+ |  | 6.25% | 5/2029 | 4366 |  | 3989 | 2488 |  |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(22)(28) | First lien senior secured delayed draw term loan | S+ |  | 6.25% | 3/2027 | 2513 |  | 2341 | 2341 |  |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28) | First lien senior secured revolving loan | S+ |  | 5.75% | 5/2028 | 13107 |  | 12076 | 7471 |  |
| PPV Intermediate Holdings, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.75% |  | 8/2029 | 164982 |  | 163040 | 160673 |  |
| PPV Intermediate Holdings, LLC(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 6.00% |  | 8/2029 | 9921 |  | 9860 | 9748 |  |
| Premise Health Holding Corp.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 11/2032 | 121729 |  | 121031 | 119850 |  |
| Quva Pharma, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 3.00% | 4/2028 | 5946 |  | 5882 | 5768 |  |
| SCHP Purchaser, Inc. (dba St. Croix Hospice)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 10/2032 | 119308 |  | 118172 | 117519 |  |
| SimonMed, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 2/2032 | 272287 |  | 270992 | 269509 |  |
| SimonMed, Inc.(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.75% |  | 2/2031 | 16879 |  | 16754 | 16572 |  |
| Soleo Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 2/2032 | 108271 |  | 107800 | 108271 |  |
| Soliant Lower Intermediate, LLC (dba Soliant)(3)(10) | First lien senior secured loan | S+ | 3.75% |  | 7/2031 | 64236 |  | 62081 | 47534 |  |
| Tivity Health, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 6/2029 | 74075 |  | 74075 | 74075 |  |
| Unified Women's Healthcare, LP(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 6/2029 | 241777 |  | 240549 | 240568 |  |
| Unified Women's Healthcare, LP(3)(4)(8) | First lien senior secured delayed draw term loan | S+ | 5.00% |  | 6/2029 | 52933 |  | 52636 | 52668 |  |
| Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 9/2031 | 183123 |  | 181489 | 182665 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Vermont Aus Pty Ltd(3)(4)(17)(31) | First lien senior secured AUD term loan | B+ | 4.50% |  | 3/2028 | 69806 |  | 46096 | 47571 |  |
| WCG Intermediate Corp. (f/k/a Da Vinci Purchaser Corp.) (dba WCG)(3)(8) | First lien senior secured loan | S+ | 2.75% |  | 2/2032 | 29775 |  | 29775 | 28968 |  |
|  |  |  |  |  |  |  |  | 4764899 | 4667885 | 24.4% |
| **Healthcare technology** |  |  |  |  |  |  |  |  |  |  |
| BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% |  | 8/2028 | 58486 |  | 58111 | 57901 |  |
| BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8)(22) | First lien senior secured delayed draw term loan | S+ | 5.75% |  | 8/2028 | 29224 |  | 28978 | 28919 |  |
| Bracket Intermediate Holding Corp.(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 10/2031 | 52036 |  | 51544 | 50995 |  |
| Color Intermediate, LLC (dba ClaimsXten)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 10/2029 | 8959 |  | 8959 | 8802 |  |
| Cotiviti, Inc.(3)(8) | First lien senior secured loan | S+ | 2.75% |  | 5/2031 | 9935 |  | 9640 | 9134 |  |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% |  | 8/2031 | 352999 |  | 351359 | 351092 |  |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 8/2031 | 99889 |  | 99351 | 98840 |  |
| Ensemble RCM, LLC(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 2/2033 | 115000 |  | 114858 | 113540 |  |
| GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% |  | 10/2028 | 24265 |  | 24055 | 22566 |  |
| GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 6.00% |  | 10/2027 | 669 |  | 660 | 552 |  |
| Himalaya Topco LLC (dba HealthEdge)(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 2.25% | 6/2032 | 53662 |  | 53169 | 52723 |  |
| Himalaya Topco LLC (dba HealthEdge)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.75% |  | 6/2032 | 1276 |  | 1201 | 1132 |  |
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8) | First lien senior secured loan | S+ | 4.00% | 2.50% | 12/2030 | 49408 |  | 48617 | 47679 |  |
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8) | First lien senior secured delayed draw term loan | S+ | 6.00% |  | 12/2030 | 751 |  | 737 | 725 |  |
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.00% |  | 6/2030 | 3566 |  | 3498 | 3402 |  |
| Inovalon Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 2.75% | 11/2028 | 311584 |  | 311230 | 299900 |  |
| Inovalon Holdings, Inc.(3)(4)(9) | Second lien senior secured loan | S+ |  | 8.50% | 11/2033 | 125254 |  | 125254 | 109284 |  |
| Interoperability Bidco, Inc. (dba Lyniate)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 3/2028 | 76956 |  | 76839 | 75927 |  |
| Klick Inc.(3)(4)(8)(31) | First lien senior secured loan | S+ | 5.00% |  | 11/2032 | 169574 |  | 168763 | 168302 |  |
| Modernizing Medicine, Inc. (dba ModMed)(3)(4)(9) | First lien senior secured loan | S+ | 2.50% | 2.25% | 4/2032 | 116547 |  | 115525 | 115965 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM)(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2031 | 26629 |  | 26538 | 26091 |  |
| RL Datix Holdings (USA), Inc.(3)(4)(10) | First lien senior secured loan | S+ | 5.00% |  | 4/2031 | 66094 |  | 66094 | 64937 |  |
| RL Datix Holdings (USA), Inc.(3)(4)(19) | First lien senior secured GBP term loan | SA+ | 5.00% |  | 4/2031 | £30607 |  | 41306 | 39656 |  |
| Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% |  | 8/2031 | 59336 |  | 58604 | 59188 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Zelis Cost Management Buyer, Inc.(3)(8) | First lien senior secured loan | S+ | 2.75% |  | 9/2029 | 7885 |  | 7838 | 7622 |  |
| Zelis Cost Management Buyer, Inc.(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 11/2031 | 70075 |  | 69783 | 67692 |  |
|  |  |  |  |  |  |  |  | 1922511 | 1882566 | 9.8% |
| **Household products** |  |  |  |  |  |  |  |  |  |  |
| Home Service TopCo IV, Inc.(3)(4)(10) | First lien senior secured loan | S+ | 4.50% |  | 12/2027 | 35466 |  | 35466 | 35466 |  |
| Home Service TopCo IV, Inc.(3)(4)(10) | First lien senior secured delayed draw term loan | S+ | 4.50% |  | 12/2027 | 7857 |  | 7808 | 7857 |  |
| Home Service TopCo IV, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2027 | 3041 |  | 3034 | 3041 |  |
| Mario Midco Holdings, Inc. (dba Len the Plumber)(3)(4)(9) | Unsecured facility | S+ |  | 10.75% | 4/2032 | 38283 |  | 37785 | 35412 |  |
| Mario Purchaser, LLC (dba Len the Plumber)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% |  | 4/2029 | 115454 |  | 114284 | 109393 |  |
| Mario Purchaser, LLC (dba Len the Plumber)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.75% |  | 4/2028 | 7984 |  | 7929 | 7562 |  |
| Saber Parent Holdings Corp. (dba Service Logic)(3)(4)(9) | First lien senior secured loan | S+ | 2.50% | 2.25% | 12/2032 | 90335 |  | 89900 | 89431 |  |
| Saber Parent Holdings Corp. (dba Service Logic)(3)(4)(12)(22) | First lien senior secured revolving loan | P+ | 3.50% |  | 12/2032 | 3634 |  | 3575 | 3511 |  |
| Sentinel Buyer Corp. (dba SimpliSafe)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 11/2032 | 224315 |  | 222168 | 220950 |  |
| Southern Air & Heat Holdings, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 1/2029 | 20405 |  | 20404 | 20291 |  |
| Southern Air & Heat Holdings, LLC(3)(4)(10) | First lien senior secured delayed draw term loan | S+ | 5.25% |  | 4/2028 | 7942 |  | 7828 | 7902 |  |
| Southern Air & Heat Holdings, LLC(3)(4)(10)(22) | First lien senior secured delayed draw term loan | S+ | 4.75% |  | 4/2028 | 2747 |  | 2703 | 2667 |  |
| Walker Edison Furniture Company LLC(3)(4)(6)(22)(28)(29) | First lien senior secured loan | N/A | 10.00% |  | N/A | 1336 |  | 1304 | 1336 |  |
| Walker Edison Furniture Company LLC(3)(4)(10)(22)(28)(29) | First lien senior secured delayed draw term loan | S+ | 6.75% |  | N/A | 631 |  | 587 | 17 |  |
|  |  |  |  |  |  |  |  | 554775 | 544836 | 2.8% |
| **Human resource support services** | **Human resource support services** |  |  |  |  |  |  |  |  |  |
| AQ Carver Buyer, Inc. (dba CoAdvantage)(3)(4)(10) | First lien senior secured loan | S+ | 5.50% |  | 8/2029 | 21938 |  | 21650 | 17166 |  |
| BusinessSolver.com, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 16441 |  | 16363 | 15948 |  |
| Cornerstone OnDemand, Inc.(3)(4)(8) | Second lien senior secured loan | S+ | 6.50% |  | 10/2029 | 44583 |  | 44226 | 30317 |  |
| Dawn Bidco, LLC (dba Dayforce)(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 10/2032 | 125000 |  | 124613 | 118088 |  |
| IG Investments Holdings, LLC (dba Insight Global)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 9/2028 | 47120 |  | 47121 | 47120 |  |
|  |  |  |  |  |  |  |  | 253973 | 228639 | 1.2% |
| **Infrastructure and environmental services** | **Infrastructure and environmental services** |  |  |  |  |  |  |  |  |  |
| AWP Group Holdings, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% |  | 12/2030 | 45259 |  | 45260 | 44786 |  |
| Azuria Water Solutions, Inc. (f/k/a Aegion Corporation)(8) | First lien senior secured loan | S+ | 3.00% |  | 5/2028 | 36388 |  | 36388 | 35987 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 1/2031 | 65420 |  | 64860 | 65420 |  |
| GI Apple Midco LLC (dba Atlas Technical Consultants)(3)(4)(8) | First lien senior secured loan | S+ | 6.75% |  | 4/2030 | 92234 |  | 91218 | 90159 |  |
| GI Apple Midco LLC (dba Atlas Technical Consultants)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.75% |  | 4/2029 | 4987 |  | 4874 | 4738 |  |
| Peachtree Buyer, Inc. (dba Pond & Company)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 90266 |  | 89393 | 88687 |  |
| Peachtree Buyer, Inc. (dba Pond & Company)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 4.50% |  | 12/2032 | 467 |  | 273 | 113 |  |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 3/2029 | 40903 |  | 40540 | 39739 |  |
| USIC Holdings, Inc.(4)(9)(22) | First lien senior secured loan | S+ | 5.50% |  | 9/2031 | 38992 |  | 38681 | 38000 |  |
| USIC Holdings, Inc.(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.25% |  | 9/2031 | 4194 |  | 4156 | 4073 |  |
| Vessco Midco Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 7/2031 | 71654 |  | 71072 | 71654 |  |
| W.A. Kendall and Company, LLC(3)(4)(10) | First lien senior secured loan | S+ | 5.75% |  | 4/2030 | 41641 |  | 41279 | 40808 |  |
| W.A. Kendall and Company, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.75% |  | 4/2030 | 17293 |  | 16727 | 15947 |  |
| VCI Asset Holdings 1 LLC(3)(4)(6)(31) | First lien senior secured loan | N/A | 10.00% |  | 11/2030 | 203602 |  | 201685 | 209710 |  |
| Vessco Midco Holdings, LLC(3)(4)(10)(22) | First lien senior secured loan | S+ | 4.50% |  | 7/2031 | 46510 |  | 46207 | 46510 |  |
|  |  |  |  |  |  |  |  | 792613 | 796331 | 4.2% |
| **Insurance** |  |  |  |  |  |  |  |  |  |  |
| Acrisure, LLC(3)(4)(6)(31) | Unsecured notes | N/A | 8.50% |  | 6/2029 | 18375 |  | 18375 | 18169 |  |
| Acrisure, LLC(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2030 | 58446 |  | 58448 | 56535 |  |
| Alera Group, Inc.(3)(9) | First lien senior secured loan | S+ | 2.75% |  | 5/2032 | 34800 |  | 34800 | 33704 |  |
| Alera Group, Inc.(3)(8) | Second lien senior secured loan | S+ | 5.50% |  | 5/2033 | 125000 |  | 124420 | 120413 |  |
| AmeriLife Holdings LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 8/2029 | 316129 |  | 313482 | 312956 |  |
| AmeriLife Holdings LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% |  | 8/2028 | 5565 |  | 5375 | 5232 |  |
| Ardonagh Midco 3 PLC(3)(9)(31) | First lien senior secured loan | S+ | 2.75% |  | 2/2031 | 15137 |  | 15137 | 14767 |  |
| Atlas US Finco, Inc. (dba Nearmap)(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.75% |  | 12/2029 | 72919 |  | 72611 | 72190 |  |
| Brightway Holdings, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 12/2029 | 100860 |  | 100619 | 100608 |  |
| Brightway Holdings, LLC(3)(4)(8)(22) | First lien senior secured delayed draw term loan | S+ | 5.00% |  | 12/2029 | 2524 |  | 2460 | 2518 |  |
| CFC USA 2025 LLC (dba CFC Insurance)(3)(9)(31) | First lien senior secured loan | S+ | 3.50% |  | 7/2032 | 79800 |  | 79069 | 76010 |  |
| Diamond Mezzanine 24 LLC (dba United Risk)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 10/2030 | 133474 |  | 132923 | 133474 |  |
| Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(9) | First lien senior secured loan | S+ | 3.00% |  | 8/2032 | 24938 |  | 24880 | 24439 |  |
| Evolution BuyerCo, Inc. (dba SIAA)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 4/2030 | 233582 |  | 232717 | 233582 |  |
| Galway Borrower LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 4.50% |  | 9/2028 | 14784 |  | 14727 | 14737 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| HIG Operations Holdings, Inc. (dba Higginbotham)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 12/2031 | 64302 |  | 64302 | 63980 |  |
| IMA Financial Group, Inc.(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2028 | 16118 |  | 16099 | 15957 |  |
| Integrity Marketing Acquisition, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 8/2028 | 377993 |  | 376666 | 377993 |  |
| Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% |  | 11/2032 | 43130 |  | 42900 | 42651 |  |
| KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(3)(4)(8) | First lien senior secured loan | S+ |  | 10.50% | 7/2030 | 19927 |  | 19800 | 19927 |  |
| KWOR Acquisition, Inc. (dba Alacrity Solutions)(3)(4)(9) | First lien senior secured loan | S+ | 1.00% | 5.25% | 2/2030 | 6238 |  | 6217 | 6238 |  |
| KWOR Intermediate I, Inc. (dba Alacrity Solutions)(3)(4)(9) | First lien senior secured loan | S+ |  | 8.00% | 2/2030 | 6534 |  | 6486 | 6306 |  |
| Mitchell International, Inc.(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 6/2031 | 46612 |  | 46612 | 44361 |  |
| Mitchell International, Inc.(3)(8) | Second lien senior secured loan | S+ | 5.25% |  | 6/2032 | 37700 |  | 37504 | 33730 |  |
| One, Inc. Software Corporation(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 100750 |  | 100264 | 99743 |  |
| Simplicity Financial Marketing Group Holdings, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 12/2031 | 183138 |  | 181601 | 182222 |  |
| Summit Acquisition Inc. (dba K2 Insurance Services)(3)(4)(8) | First lien senior secured loan | S+ | 3.50% |  | 10/2031 | 23641 |  | 23641 | 23582 |  |
| The Liberty Company Insurance Brokers, LLC(3)(4)(10) | First lien senior secured loan | S+ | 3.75% |  | 10/2032 | 17321 |  | 17239 | 16585 |  |
| THG Acquisition, LLC (dba Hilb)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 10/2031 | 102443 |  | 101532 | 100969 |  |
| Trucordia Insurance Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ | 3.25% |  | 6/2032 | 103480 |  | 103245 | 98823 |  |
| Trucordia Insurance Holdings, LLC(3)(4)(8) | Second lien senior secured loan | S+ | 5.75% |  | 6/2033 | 275750 |  | 273183 | 268167 |  |
| Truist Insurance Holdings, LLC(3)(9) | First lien senior secured loan | S+ | 2.75% |  | 5/2031 | 3500 |  | 3492 | 3446 |  |
| Truist Insurance Holdings, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 3.25% |  | 5/2029 | 3405 |  | 3405 | 3370 |  |
| USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 12/2029 | 42906 |  | 42719 | 42906 |  |
|  |  |  |  |  |  |  |  | 2696950 | 2670290 | 13.9% |
| **Internet software and services** | **Internet software and services** |  |  |  |  |  |  |  |  |  |
| Activate Holdings (US) Corp. (dba Absolute Software)(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.25% |  | 7/2030 | 5639 |  | 5621 | 5526 |  |
| AI Titan Parent, Inc. (dba Prometheus Group)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% |  | 8/2031 | 35490 |  | 35180 | 34294 |  |
| AlphaSense, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 6.25% |  | 6/2029 | 3533 |  | 3509 | 3507 |  |
| Anaplan, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 6/2029 | 261670 |  | 261670 | 255782 |  |
| Appfire Technologies, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 3/2028 | 14325 |  | 14263 | 13743 |  |
| Aptean Acquiror, Inc. (dba Aptean)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 1/2031 | 123563 |  | 122600 | 119334 |  |
| Avalara, Inc.(3)(9) | First lien senior secured loan | S+ | 2.75% |  | 3/2032 | 2494 |  | 2439 | 2434 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Armstrong Bidco Limited(3)(4)(19)(31) | First lien senior secured GBP term loan | SA+ | 5.25% |  | 6/2029 | £40433 |  | 49112 | 51720 |  |
| Artifact Bidco, Inc. (dba Avetta)(3)(4)(9) | First lien senior secured loan | S+ | 4.15% |  | 7/2031 | 15498 |  | 15436 | 15343 |  |
| Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(3)(4)(8) | First lien senior secured loan | S+ | 6.00% |  | 3/2031 | 17955 |  | 17753 | 17506 |  |
| Barracuda Parent, LLC(3)(9) | First lien senior secured loan | S+ | 4.50% |  | 8/2029 | 13973 |  | 13740 | 8838 |  |
| Barracuda Parent, LLC(3)(9) | Second lien senior secured loan | S+ | 7.00% |  | 8/2030 | 93250 |  | 91413 | 30278 |  |
| Barracuda Parent, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.50% |  | 8/2029 | 34116 |  | 33330 | 24137 |  |
| Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9) | First lien senior secured loan | S+ | 2.50% | 3.00% | 10/2028 | 222310 |  | 222284 | 217863 |  |
| Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% |  | 10/2027 | 4547 |  | 4509 | 4181 |  |
| BCTO BSI Buyer, Inc. (dba Buildertrend)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% |  | 12/2028 | 71362 |  | 71360 | 70114 |  |
| BCTO WIW Holdings, Inc. (dba When I Work)(3)(4)(6) | Senior convertible notes | N/A |  | 5.50% | 8/2030 | 3823 |  | 3823 | 3823 |  |
| By Light Professional IT Services LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 7/2031 | 97581 |  | 96222 | 94410 |  |
| Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% |  | 8/2027 | 9896 |  | 9829 | 9282 |  |
| CALABRIO, INC.(3)(9) | First lien senior secured loan | S+ | 4.00% |  | 11/2032 | 25000 |  | 23796 | 19438 |  |
| CivicPlus, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 3.25% | 2.75% | 8/2030 | 44794 |  | 44599 | 43496 |  |
| Cloud Software Group, Inc.(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 3/2031 | 79213 |  | 79213 | 72322 |  |
| Cloud Software Group, Inc.(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 8/2032 | 54048 |  | 54048 | 49291 |  |
| Clover Holdings 2, LLC (dba Cohesity)(3)(8) | First lien senior secured loan | S+ | 3.75% |  | 12/2031 | 78950 |  | 78143 | 75500 |  |
| Coupa Holdings, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 2/2030 | 23918 |  | 23918 | 22961 |  |
| CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(3)(4)(9) | Unsecured notes | S+ |  | 11.75% | 6/2034 | 12419 |  | 12317 | 12109 |  |
| Crewline Buyer, Inc. (dba New Relic)(3)(4)(9) | First lien senior secured loan | S+ | 6.75% |  | 11/2030 | 171701 |  | 169794 | 167409 |  |
| Databricks, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 1/2032 | 73469 |  | 73469 | 73469 |  |
| Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(8) | First lien senior secured loan | S+ | 2.75% |  | 11/2029 | 13760 |  | 13444 | 13289 |  |
| Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(8) | Second lien senior secured loan | S+ | 5.25% |  | 11/2030 | 82075 |  | 81644 | 71676 |  |
| Delinea Buyer, Inc. (f/k/a Centrify)(3)(4)(9) | First lien senior secured loan | S+ | 4.25% |  | 3/2030 | 118569 |  | 118181 | 118177 |  |
| Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 8/2032 | 252209 |  | 248682 | 246534 |  |
| Diamond Insure Bidco (dba Acturis)(3)(4)(14)(31) | First lien senior secured EUR term loan | E+ | 3.75% |  | 7/2031 | 3124 |  | 3299 | 3536 |  |
| Diamond Insure Bidco (dba Acturis)(3)(4)(19)(31) | First lien senior secured GBP term loan | SA+ | 4.00% |  | 7/2031 | £9202 |  | 11450 | 11922 |  |
| EET Buyer, Inc. (dba e-Emphasys)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 11/2027 | 46460 |  | 46228 | 45741 |  |
| Einstein Parent, Inc. (dba Smartsheet)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 1/2031 | 76841 |  | 76140 | 74920 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Entrata, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 2.75% |  | 9/2032 | 4988 |  | 4976 | 4938 |  |
| Flexera Software LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 8/2032 | 129403 |  | 129104 | 126167 |  |
| Flexera Software LLC(3)(4)(13) | First lien senior secured EUR term loan | E+ | 4.50% |  | 8/2032 | 31803 |  | 37161 | 35727 |  |
| Forescout Technologies, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 5/2032 | 164162 |  | 163626 | 160469 |  |
| Granicus, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.50% | 2.00% | 1/2031 | 33653 |  | 33414 | 33232 |  |
| Granicus, Inc.(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 3.00% | 2.00% | 1/2031 | 4997 |  | 4962 | 4872 |  |
| GS Acquisitionco, Inc. (dba insightsoftware)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 5/2028 | 9595 |  | 9590 | 9254 |  |
| Gusto, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 11/2030 | 67479 |  | 67243 | 66804 |  |
| H&F Opportunities LUX III S.À R.L (dba Checkmarx)(3)(4)(8)(31) | First lien senior secured loan | S+ | 6.50% |  | 4/2028 | 39295 |  | 39247 | 38804 |  |
| Hyland Software, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 9/2030 | 143923 |  | 143923 | 139605 |  |
| Icefall Parent, Inc. (dba EngageSmart)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 1/2030 | 27961 |  | 27961 | 27612 |  |
| Infobip Inc.(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.50% |  | 6/2029 | 12870 |  | 12711 | 12645 |  |
| Jawbreaker Parent, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 1/2033 | 106237 |  | 105678 | 104378 |  |
| JS Parent, Inc. (dba Jama Software)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 4/2031 | 898 |  | 895 | 896 |  |
| KnowBe4, Inc.(3)(9) | First lien senior secured loan | S+ | 3.75% |  | 7/2032 | 47880 |  | 47793 | 42532 |  |
| Litera Bidco LLC(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% |  | 5/2028 | 42415 |  | 42293 | 41660 |  |
| Magnet Forensics, LLC (f/k/a Grayshift, LLC)(3)(4)(8)(31) | First lien senior secured loan | S+ | 4.50% |  | 7/2028 | 165967 |  | 165843 | 165967 |  |
| Matterhorn Finco, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 3/2033 | 83098 |  | 82686 | 82683 |  |
| Ministry Brands Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 12/2028 | 52258 |  | 51781 | 50559 |  |
| Ministry Brands Holdings, LLC(3)(4)(12)(22) | First lien senior secured revolving loan | P+ | 4.50% |  | 12/2027 | 395 |  | 368 | 241 |  |
| NSCALE SERVICES UK LTD(3)(4)(9)(22)(31) | First lien senior secured delayed draw term loan | S+ | 5.00% |  | 2/2031 | 6623 |  | 4223 | 4223 |  |
| PDI TA Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.50% | 2.50% | 2/2031 | 59836 |  | 59160 | 57144 |  |
| PDI TA Holdings, Inc.(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.50% |  | 2/2031 | 4687 |  | 4635 | 4461 |  |
| Perforce Software, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 3/2031 | 4913 |  | 4897 | 3365 |  |
| Perforce Software, Inc.(3)(8) | First lien senior secured loan | S+ | 4.75% |  | 6/2029 | 14479 |  | 14314 | 9661 |  |
| Project Alpha Intermediate Holding, Inc. (dba Qlik)(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 10/2030 | 53251 |  | 53205 | 40120 |  |
| Proofpoint, Inc.(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 8/2028 | 32621 |  | 32495 | 31535 |  |
| Proofpoint, Inc.(3)(4)(9) | Second lien senior secured loan | S+ | 5.75% |  | 12/2033 | 35748 |  | 35403 | 33871 |  |
| Proofpoint, Inc.(3)(4)(14) | Second lien senior secured loan | E+ | 5.75% |  | 12/2033 | 31272 |  | 35403 | 34140 |  |
| QAD, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 11/2027 | 45692 |  | 45692 | 45007 |  |
| Sophos Holdings, LLC(3)(8)(31) | First lien senior secured loan | S+ | 3.50% |  | 3/2027 | 50934 |  | 50868 | 48372 |  |
| Securonix, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.50% | 3.75% | 4/2029 | 31100 |  | 30948 | 25036 |  |
| Sitecore Holding III A/S(3)(4)(15) | First lien senior secured EUR term loan | E+ | 6.50% |  | 3/2029 | 26382 |  | 27812 | 29485 |  |
| Sitecore Holding III A/S(3)(4)(10) | First lien senior secured loan | S+ | 6.50% |  | 3/2029 | 4574 |  | 4555 | 4437 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Sitecore USA, Inc.(3)(4)(10) | First lien senior secured loan | S+ | 6.50% |  | 3/2029 | 27576 |  | 27463 | 26749 |  |
| Storable, Inc.(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 4/2031 | 62647 |  | 62551 | 59860 |  |
| Storable Intermediate Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ |  | 6.00% | 4/2032 | 30870 |  | 30743 | 29404 |  |
| Spaceship Purchaser, Inc. (dba Squarespace)(3)(4)(9) | First lien senior secured loan | S+ | 3.75% |  | 10/2031 | 95111 |  | 95111 | 93922 |  |
| Tricentis Operations Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 3.25% | 2/2032 | 52812 |  | 52374 | 50964 |  |
| Themis Solutions Inc. (dba Clio)(3)(4)(8)(31) | First lien senior secured loan | S+ | 1.75% | 3.75% | 10/2032 | 19701 |  | 19517 | 19159 |  |
| Thunder Purchaser, Inc. (dba Vector Solutions)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 6/2028 | 44216 |  | 44062 | 43036 |  |
| Victors Purchaser, LLC (dba Service Express)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 111543 |  | 111279 | 110706 |  |
| VIRTUSA CORPORATION(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 2/2029 | 16369 |  | 16385 | 14672 |  |
| Zendesk, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 11/2028 | 215289 |  | 213538 | 207755 |  |
|  |  |  |  |  |  |  |  | 4480346 | 4280034 | 22.4% |
| **Leisure and entertainment** | **Leisure and entertainment** |  |  |  |  |  |  |  |  |  |
| Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.25% |  | 7/2031 | 341349 |  | 337782 | 341349 |  |
| Birdie Bidco, Inc. (dba Concert Golf Partners)(3)(4)(9) | First lien senior secured loan | S+ | 2.50% | 2.25% | 11/2032 | 149724 |  | 149009 | 148975 |  |
| Birdie Bidco, Inc. (dba Concert Golf Partners)(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 4.50% |  | 11/2032 | 3597 |  | 3486 | 3480 |  |
| Eternal Buyer, LLC (dba Wedgewood Weddings)(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 6/2032 | 76668 |  | 76318 | 76285 |  |
| Troon Golf, L.L.C.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% |  | 8/2028 | 377851 |  | 377683 | 377851 |  |
|  |  |  |  |  |  |  |  | 944278 | 947940 | 5.0% |
| **Manufacturing** |  |  |  |  |  |  |  |  |  |  |
| CPM Holdings, Inc.(8) | First lien senior secured loan | S+ | 4.50% |  | 9/2028 | 4749 |  | 4675 | 4747 |  |
| CPM Holdings, Inc.(8)(22) | First lien senior secured revolving loan | S+ | 4.50% |  | 6/2028 | 1971 |  | 1946 | 1969 |  |
| Engineered Machinery Holdings, Inc. (dba Duravant)(4)(9) | Second lien senior secured loan | S+ | 6.00% |  | 5/2029 | 19160 |  | 19135 | 19160 |  |
| FR Flow Control CB LLC (dba Trillium Flow Technologies)(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.00% |  | 12/2029 | 139764 |  | 138945 | 140463 |  |
| Gloves Buyer, Inc. (dba Protective Industrial Products)(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 5/2032 | 20613 |  | 20520 | 20520 |  |
| Helix Acquisition Holdings, Inc. (dba MW Industries)(3)(4)(8) | First lien senior secured loan | S+ | 7.00% |  | 3/2030 | 61484 |  | 60256 | 61484 |  |
| MHE Intermediate Holdings, LLC (dba OnPoint Group)(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.00% |  | 7/2027 | 60847 |  | 60685 | 59429 |  |
| MHE Intermediate Holdings, LLC (dba OnPoint Group)(3)(4)(8) | First lien senior secured loan | S+ | 6.25% |  | 7/2027 | 4620 |  | 4591 | 4527 |  |
| Sonny's Enterprises, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 8/2028 | 164346 |  | 163186 | 163525 |  |
| Sonny's Enterprises, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 6.50% |  | 8/2028 | 10745 |  | 10641 | 10745 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Sonny's Enterprises, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.50% |  | 8/2027 | 20755 |  | 20635 | 20625 |  |
|  |  |  |  |  |  |  |  | 505215 | 507194 | 2.6% |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| Puma Buyer, LLC (dba PANTHERx)(3)(4)(9) | First lien senior secured loan | S+ | 4.25% |  | 3/2032 | 182989 |  | 181872 | 182989 |  |
| Senderra RX Acquisition, LLC(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 3/2033 | 63687 |  | 62969 | 62960 |  |
|  |  |  |  |  |  |  |  | 244841 | 245949 | 1.3% |
| **Professional services** |  |  |  |  |  |  |  |  |  |  |
| AmSpec Parent, LLC(3)(9) | First lien senior secured loan | S+ | 3.50% |  | 12/2031 | 3257 |  | 3257 | 3243 |  |
| Apex Group Treasury LLC(3)(9)(31) | First lien senior secured loan | S+ | 3.50% |  | 2/2032 | 136917 |  | 136322 | 124362 |  |
| Certinia Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 8/2031 | 209536 |  | 209142 | 203774 |  |
| DCCM, LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 6/2032 | 53372 |  | 52887 | 52972 |  |
| EP Purchaser, LLC (dba Entertainment Partners)(3)(9) | First lien senior secured loan | S+ | 4.50% |  | 11/2028 | 25315 |  | 24867 | 15685 |  |
| Essential Services Holding Corporation (dba Turnpoint)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% |  | 6/2030 | 1743 |  | 1712 | 1623 |  |
| Essential Services Holding Corporation (dba Turnpoint)(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 2.75% | 6/2031 | 35548 |  | 35264 | 34571 |  |
| Gerson Lehrman Group, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 12/2028 | 165599 |  | 164827 | 162701 |  |
| Guidehouse Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 12/2030 | 108267 |  | 108267 | 105019 |  |
| Paris US Holdco, Inc. (dba Precinmac)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 12/2031 | 69972 |  | 69312 | 69777 |  |
| Pike Corp.(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 245776 |  | 244585 | 244547 |  |
| RELATIVITY INTERMEDIATE HOLDCO LLC(3)(9) | First lien senior secured loan | S+ | 2.75% |  | 1/2033 | 22500 |  | 22445 | 22192 |  |
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9) | First lien senior secured loan | S+ | 6.50% |  | 5/2028 | 253750 |  | 253266 | 253750 |  |
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14) | First lien senior secured EUR term loan | E+ | 6.75% |  | 5/2028 | 43487 |  | 47212 | 50106 |  |
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.50% |  | 5/2028 | 1371 |  | 1365 | 1371 |  |
| Sovos Compliance, LLC(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 8/2029 | 42789 |  | 42810 | 40543 |  |
| Thevelia (US) LLC (dba Tricor)(9)(31) | First lien senior secured loan | S+ | 3.00% |  | 6/2029 | 10908 |  | 10908 | 10681 |  |
| Vensure Employer Services, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 9/2031 | 235638 |  | 233033 | 233282 |  |
| Vistage International, Inc.(3)(9) | First lien senior secured loan | S+ | 3.75% |  | 7/2029 | 29459 |  | 29459 | 29073 |  |
|  |  |  |  |  |  |  |  | 1690940 | 1659272 | 8.7% |
| **Specialty retail** |  |  |  |  |  |  |  |  |  |  |
| Galls, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.00% |  | 3/2030 | 157829 |  | 156013 | 157829 |  |
| Milan Laser Holdings LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 4/2027 | 19750 |  | 19708 | 19454 |  |
| The Shade Store, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.00% |  | 10/2029 | 24011 |  | 19131 | 18969 |  |
|  |  |  |  |  |  |  |  | 194852 | 196252 | 1.0% |
| **Telecommunications** |  |  |  |  |  |  |  |  |  |  |
| CCI BUYER, INC. (dba Consumer Cellular)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 5/2032 | 494537 |  | 490064 | 493301 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| EOS Finco S.A.R.L (dba Netceed)(3)(4)(10)(31) | First lien senior secured loan | S+ | 5.00% |  | 1/2032 | 16711 |  | 13821 | 13745 |  |
| EOS Finco S.A.R.L (dba Netceed)(3)(4)(15)(22)(31) | First lien senior secured delayed draw term loan | E+ | 6.25% |  | 1/2032 | 1336 |  | 1431 | 1382 |  |
| Level 3 Financing, Inc.(3)(8)(31) | First lien senior secured loan | S+ | 3.25% |  | 3/2032 | 13400 |  | 13400 | 13387 |  |
| Reinstated NewCo S.À R.L. (dba Netceed)(3)(4)(10)(31) | First lien senior secured loan | S+ |  | 9.00% | 1/2033 | 9650 |  | 7149 | 7117 |  |
|  |  |  |  |  |  |  |  | 525865 | 528932 | 2.8% |
| **Transportation** |  |  |  |  |  |  |  |  |  |  |
| Lightbeam Bidco, Inc. (dba Lazer Spot)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 5/2030 | 155893 |  | 155779 | 155114 |  |
| Motus Group, LLC(3)(4)(9) | First lien senior secured loan | S+ | 3.75% |  | 12/2028 | 32037 |  | 32028 | 30115 |  |
|  |  |  |  |  |  |  |  | 187807 | 185229 | 1.0% |
| **Total non-controlled/non-affiliated debt investments** | **Total non-controlled/non-affiliated debt investments** |  |  |  |  |  |  | $33281428 | $32723523 | 170.9% |
| **Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)** |  | $1238 |  | $(13564) | $(33600) | (0.2)% |
| **Total non-controlled/non-affiliated portfolio company debt investments** | **Total non-controlled/non-affiliated portfolio company debt investments** | **Total non-controlled/non-affiliated portfolio company debt investments** | **Total non-controlled/non-affiliated portfolio company debt investments** | **Total non-controlled/non-affiliated portfolio company debt investments** |  |  |  | $33267864 | $32689923 | 170.7% |
| **Equity Investments** |  |  |  |  |  |  |  |  |  |  |
| **Asset based lending and fund finance** | **Asset based lending and fund finance** |  |  |  |  |  |  |  |  |  |
| Amergin Asset Management, LLC(3)(4)(29)(30) | Specialty finance equity investment | N/A |  |  | N/A |  | 50000000 | $1 | $1969 |  |
|  |  |  |  |  |  |  |  | 1 | 1969 | —% |
| **Automotive services** |  |  |  |  |  |  |  |  |  |  |
| Percheron Horsepower-A LP (dba Big Brand Tire & Service)(3)(5)(22)(29)(30)(31) | Limited Partner Interest | N/A |  |  | N/A |  | 8838413 | 71553 | 93015 |  |
| CD&R Value Building Partners I, L.P. (dba Belron)(3)(5)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 36993 |  | 35971 | 51911 |  |
| Metis HoldCo, Inc. (dba Mavis Tire Express Services)(3)(4)(6)(30) | Series A Convertible Preferred Stock | N/A |  | 7.00% | N/A |  | 10769 | 14968 | 15974 |  |
|  |  |  |  |  |  |  |  | 122492 | 160900 | 0.8% |
| **Buildings and real estate** |  |  |  |  |  |  |  |  |  |  |
| Dodge Construction Network Holdings, L.P.(3)(4)(29)(30) | Class A-2 Common Units | N/A |  |  | N/A |  | 143963 | 123 | 12 |  |
| Dodge Construction Network Holdings, L.P.(3)(4)(6)(30) | Series A Preferred Units | S+ |  | 8.25% | N/A |  |  | 3 | 2 |  |
|  |  |  |  |  |  |  |  | 126 | 14 | —% |
| **Business services** |  |  |  |  |  |  |  |  |  |  |
| 25CXBFS SCSP (dba Xplor)(4)(29)(30)(31) | Limited Partner Interest | N/A |  |  | N/A | 10000 |  | 10042 | 10000 |  |
| Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(29)(30)(32) | Common Units | N/A |  |  | N/A |  | 10000 | 12 | 16 |  |
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(3)(4)(10)(30) | Perpetual Preferred Stock | S+ |  | 10.75% | N/A |  | 33768 | 46707 | 36870 |  |
|  |  |  |  |  |  |  |  | 56761 | 46886 | 0.2% |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Consumer products** | | | | | | | | | | |
| ASP Conair Holdings LP(3)(4)(29)(30) | Class A Units | N/A |  |  | N/A |  | 9286 | 929 | 72 |  |
|  |  |  |  |  |  |  |  | 929 | 72 | —% |
| **Containers and packaging** | **Containers and packaging** |  |  |  |  |  |  |  |  |  |
| TCB Holdings I LLC (dba TricorBraun)(3)(4)(6)(30) | Class A Preferred Units | N/A |  | 14.00% | N/A |  | 87500 | 96522 | 90664 |  |
|  |  |  |  |  |  |  |  | 96522 | 90664 | 0.5% |
| **Financial services** |  |  |  |  |  |  |  |  |  |  |
| Capital Integration Systems LLC (dba CAIS)(3)(4)(29)(30) | Class D Common Units | N/A |  |  | N/A |  | 19117 | 15000 | 15000 |  |
| Snowbird Manager LP(3)(5)(29)(30)(31) | Limited Partner Interest | N/A |  |  | N/A |  | 786491 | 4225 | 4279 |  |
| Vestwell Holdings Inc.(3)(4)(29)(30) | Series D Preferred Stock | N/A |  |  | N/A |  | 50726 | 1007 | 1013 |  |
| Vestwell Holdings Inc.(3)(4)(6)(30) | Series E Preferred Stock | N/A |  |  | N/A |  | 321494 | 9796 | 9302 |  |
| Vestwell Holdings Inc.(3)(4)(29)(30) | Warrants | N/A |  |  | N/A |  | 25303 | 412 | 384 |  |
|  |  |  |  |  |  |  |  | 30440 | 29978 | 0.2% |
| **Food and beverage** |  |  |  |  |  |  |  |  |  |  |
| Hissho Sushi Holdings, LLC(3)(4)(29)(30) | Class A Units | N/A |  |  | N/A |  | 941780 | 4254 | 11866 |  |
|  |  |  |  |  |  |  |  | 4254 | 11866 | 0.1% |
| **Healthcare equipment and services** | **Healthcare equipment and services** |  |  |  |  |  |  |  |  |  |
| KPCI Co-Invest 2, L.P.(3)(4)(29)(30)(31) | Class A Units | N/A |  |  | N/A |  | 2146109 | 21461 | 19183 |  |
| Maia Aggregator, LP(3)(4)(29)(30) | Class A-2 Units | N/A |  |  | N/A |  | 12921348 | 12921 | 12561 |  |
| Patriot Holdings SCSp (dba Corza Health, Inc.)(3)(4)(29)(30)(31) | Class B Units | N/A |  |  | N/A |  | 17221 | 180 | 142 |  |
| Patriot Holdings SCSp (dba Corza Health, Inc.)(3)(4)(6)(30)(31) | Class A Units | N/A |  | 8.00% | N/A |  | 1251 | 1707 | 1703 |  |
| Rhea Acquisition Holdings, LP(3)(4)(29)(30) | Series A-2 Units | N/A |  |  | N/A |  | 11964286 | 11964 | 11438 |  |
|  |  |  |  |  |  |  |  | 48233 | 45027 | 0.2% |
| **Healthcare providers and services** | **Healthcare providers and services** |  |  |  |  |  |  |  |  |  |
| Baypine Commander Co-Invest, LP(3)(4)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 6753 |  | 6793 | 7395 |  |
| KOBHG Holdings, L.P. (dba OB Hospitalist)(3)(4)(29)(30) | Class A Interests | N/A |  |  | N/A |  | 3520 | 3520 | 4443 |  |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(29)(30) | Class A Interest | N/A |  |  | N/A |  | 1205 | 12048 | 15883 |  |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)(3)(4)(29)(30) | Common Equity | N/A |  |  | N/A |  | 1329 | 3563 | 3560 |  |
| Nova Women's Health Partners Holdings, LP(3)(4)(29)(30) | Class A Units | N/A |  |  | N/A |  | 2972028 | 3864 | 3864 |  |
| Polar Investors LP (dba Dentalcorp)(3)(4)(6)(22)(29)(30)(31) | Common Equity | N/A |  |  | N/A |  | 11 | 8520 | 8526 |  |
| Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(3)(4)(6)(30) | Series A Preferred Stock | N/A |  | 15.00% | N/A |  | 27355 | 37732 | 31407 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| XOMA Corporation(3)(4)(29)(30) | Warrants | N/A |  |  | N/A |  | 18000 | 369 | 653 |  |
|  |  |  |  |  |  |  |  | 76409 | 75731 | 0.4% |
| **Healthcare technology** |  |  |  |  |  |  |  |  |  |  |
| BEHP Co-Investor II, L.P.(3)(4)(29)(30)(31) | LP Interest | N/A |  |  | N/A |  | 1269969 | 157 | 1277 |  |
| Minerva Holdco, Inc.(3)(4)(6)(30) | Senior A Preferred Stock | N/A |  | 10.75% | N/A |  | 100000 | 154682 | 150403 |  |
| ModMed Software Midco Holdings, Inc. (dba ModMed)(3)(4)(6)(30) | Series A Preferred Units | N/A |  | 13.00% | N/A |  | 25474 | 27097 | 27109 |  |
| Orange Blossom Parent, Inc.(3)(4)(29)(30) | Common Units | N/A |  |  | N/A |  | 16667 | 1667 | 1352 |  |
| WP Irving Co-Invest, L.P.(3)(4)(29)(30)(31) | Partnership Units | N/A |  |  | N/A |  | 1250000 | 730 | 1257 |  |
|  |  |  |  |  |  |  |  | 184333 | 181398 | 0.9% |
| **Household products** |  |  |  |  |  |  |  |  |  |  |
| Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30) | Class A Units | N/A |  |  | N/A |  | 10876 | 10876 | 10876 |  |
| Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30) | Class B Units | N/A |  |  | N/A |  | 10876453 |  |  |  |
|  |  |  |  |  |  |  |  | 10876 | 10876 | 0.1% |
| **Human resource support services** | **Human resource support services** |  |  |  |  |  |  |  |  |  |
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(3)(4)(6)(30) | Series A Preferred Stock | N/A |  | 10.50% | N/A |  | 12750 | 19455 | 11238 |  |
|  |  |  |  |  |  |  |  | 19455 | 11238 | 0.1% |
| **Insurance** |  |  |  |  |  |  |  |  |  |  |
| Accelerate Topco Holdings, LLC(3)(4)(29)(30) | Common Units | N/A |  |  | N/A |  | 91806 | 2535 | 3454 |  |
| Evolution Parent, LP (dba SIAA)(3)(4)(29)(30) | LP Interest | N/A |  |  | N/A |  | 2703 | 270 | 349 |  |
| GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(3)(4)(29)(30) | LP Interest | N/A |  |  | N/A |  | 49976 | 412 | 470 |  |
| Hockey Parent Holdings, L.P.(3)(4)(29)(30) | Class A Common Units | N/A |  |  | N/A |  | 25000 | 25000 | 31492 |  |
| KWOR Intermediate I, Inc. (dba Alacrity Solutions)(3)(4)(29)(30) | Class A-1 Common Stock | N/A |  |  | N/A |  | 3605 | 1726 | 1345 |  |
| KWOR Intermediate I, Inc. (dba Alacrity Solutions)(3)(4)(9)(30) | Preferred Stock | S+ |  | 8.00% | N/A |  | 3856 | 4353 | 4235 |  |
| PCF Holdco, LLC (dba Trucordia)(3)(4)(29)(30) | Warrants | N/A |  |  | N/A |  | 1503286 | 5129 | 3959 |  |
| PCF Holdco, LLC (dba Trucordia)(3)(4)(6)(30) | Preferred equity | N/A |  | 14.00% | N/A |  | 19423 | 22779 | 28553 |  |
|  |  |  |  |  |  |  |  | 62204 | 73857 | 0.4% |
| **Infrastructure and environmental services** | **Infrastructure and environmental services** |  |  |  |  |  |  |  |  |  |
| Valor Cl Blocker Feeder LP(3)(4)(22)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 6430 |  | 6430 | 6279 |  |
| VCI Intermediate TopCo 1 LLC(3)(4)(29)(30)(31) | Class B Units | N/A |  |  | N/A | 10716 |  | 10335 | 10225 |  |
|  |  |  |  |  |  |  |  | 16765 | 16504 | 0.1% |
| **Internet software and services** | **Internet software and services** |  |  |  |  |  |  |  |  |  |
| AlphaSense, LLC(3)(4)(29)(30) | Series E Preferred Shares | N/A |  |  | N/A |  | 84645 | 765 | 1291 |  |
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(3)(4)(29)(30) | Common Units | N/A |  |  | N/A |  | 1729439 | 1729 | 2476 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| Chrome Investors LP(3)(4)(22)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 7339 |  | 7341 | 7341 |  |
| Elliott Alto Co-Investor Aggregator L.P.(3)(4)(29)(30)(31) | LP Interest | N/A |  |  | N/A |  | 6530 | 6572 | 12861 |  |
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(3)(4)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 992 |  | 992 | 1030 |  |
| Bird Holding B.V. (fka MessageBird Holding B.V.)(3)(4)(29)(30)(31) | Extended Series C Warrants | N/A |  |  | N/A |  | 7980 | 49 | 6 |  |
| Nscale Global Holdings Limited(3)(4)(29)(30)(31) | Series B Preferred Shares | N/A |  |  | N/A |  | 22897 | 8691 | 25194 |  |
| Nscale Global Holdings Limited(3)(4)(29)(30)(31) | Preferred equity | N/A |  |  | N/A |  | 11840 | 13037 | 14485 |  |
| Project Alpine Co-Invest Fund, LP(3)(4)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 17000 |  | 17012 | 18520 |  |
| Project Hotel California Co-Invest Fund, L.P.(3)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 3522 |  | 3508 | 3417 |  |
| Thunder Topco L.P. (dba Vector Solutions)(3)(4)(29)(30) | Common Units | N/A |  |  | N/A |  | 712884 | 713 | 749 |  |
| VEPF VIII Co-Invest 8-A, L.P.(3)(4)(29)(30) | Limited Partner Interest | N/A |  |  | N/A | 2367 |  | 2367 | 2367 |  |
| WMC Bidco, Inc. (dba West Monroe)(3)(4)(6)(30) | Senior Preferred Stock | N/A |  | 11.25% | N/A |  | 33385 | 53932 | 52984 |  |
| Zoro TopCo, Inc.(3)(4)(9)(30) | Series A Preferred Equity | S+ |  | 9.50% | N/A |  | 5472 | 5964 | 5871 |  |
| Zoro TopCo, L.P.(3)(4)(29)(30) | Class A Common Units | N/A |  |  | N/A |  | 1380129 | 13801 | 11139 |  |
|  |  |  |  |  |  |  |  | 136473 | 159731 | 0.8% |
| **Manufacturing** |  |  |  |  |  |  |  |  |  |  |
| Gloves Holdings, LP (dba Protective Industrial Products)(3)(4)(29)(30) | LP Interest | N/A |  |  | N/A |  | 1218 | 134 | 189 |  |
|  |  |  |  |  |  |  |  | 134 | 189 | —% |
| **Telecommunications** |  |  |  |  |  |  |  |  |  |  |
| Equity NewCo S.A. (dba Netceed)(3)(4)(29)(30)(31) | Common Equity | N/A |  |  | N/A |  | 53605326 | 350 | 352 |  |
|  |  |  |  |  |  |  |  | 350 | 352 | —% |
| **Total non-controlled/non-affiliated portfolio company equity investments** | **Total non-controlled/non-affiliated portfolio company equity investments** | **Total non-controlled/non-affiliated portfolio company equity investments** | **Total non-controlled/non-affiliated portfolio company equity investments** | **Total non-controlled/non-affiliated portfolio company equity investments** |  |  |  | $866757 | $917252 | 4.8% |
| **Total non-controlled/non-affiliated portfolio company investments** | **Total non-controlled/non-affiliated portfolio company investments** | **Total non-controlled/non-affiliated portfolio company investments** | **Total non-controlled/non-affiliated portfolio company investments** | **Total non-controlled/non-affiliated portfolio company investments** |  |  |  | $34134621 | $33607175 | 175.5% |
| **Non-controlled/affiliated portfolio company investments** | **Non-controlled/affiliated portfolio company investments** |  |  |  |  |  |  |  |  |  |
| **Debt Investments(7)** |  |  |  |  |  |  |  |  |  |  |
| **Education** |  |  |  |  |  |  |  |  |  |  |
| Pluralsight, LLC(3)(4)(8)(24)(28)(29) | First lien senior secured loan | S+ |  | 7.50% | 8/2029 | 1440 |  | $1345 | $540 |  |
| Pluralsight, LLC(3)(4)(8)(24) | First lien senior secured loan | S+ | 3.00% | 1.50% | 8/2029 | 807 |  | 807 | 763 |  |
| Pluralsight, LLC(3)(4)(9)(24) | First lien senior secured loan | S+ | 3.00% | 1.50% | 8/2029 | 404 |  | 404 | 381 |  |
|  |  |  |  |  |  |  |  | 2556 | 1684 | —% |
| **Total non-controlled/affiliated debt investments** | **Total non-controlled/affiliated debt investments** |  |  |  |  |  |  | $2556 | $1684 | —% |
| **Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)** |  |  |  | $— | $(38) | —% |
| **Total non-controlled/affiliated portfolio company debt investments** | **Total non-controlled/affiliated portfolio company debt investments** | **Total non-controlled/affiliated portfolio company debt investments** | **Total non-controlled/affiliated portfolio company debt investments** | **Total non-controlled/affiliated portfolio company debt investments** |  |  |  | $2556 | $1646 | —% |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Equity Investments** | | | | | | | | | | |
| **Asset based lending and fund finance** | **Asset based lending and fund finance** | | | | | | | | | |
| Wingspire Capital Holdings LLC(3)(4)(22)(24)(30) | Specialty finance equity investment | N/A |  |  | N/A |  | 8377236 | $9000 | $10148 |  |
|  |  |  |  |  |  |  |  | 9000 | 10148 | 0.1% |
| **Education** |  |  |  |  |  |  |  |  |  |  |
| Paradigmatic Holdco LLC (dba Pluralsight)(3)(4)(24)(29)(30) | Common stock | N/A |  |  | N/A |  | 396827 | 1053 |  |  |
|  |  |  |  |  |  |  |  | 1053 |  | —% |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| LSI Financing 1 DAC(3)(4)(24)(30)(31) | Specialty finance equity investment | N/A |  |  | N/A | 4161 |  | 4211 | 4167 |  |
|  |  |  |  |  |  |  |  | 4211 | 4167 | —% |
| **Total non-controlled/affiliated portfolio company equity investments** | **Total non-controlled/affiliated portfolio company equity investments** | **Total non-controlled/affiliated portfolio company equity investments** | **Total non-controlled/affiliated portfolio company equity investments** | **Total non-controlled/affiliated portfolio company equity investments** |  |  |  | $14264 | $14315 | 0.1% |
| **Total non-controlled/affiliated portfolio company investments** | **Total non-controlled/affiliated portfolio company investments** | **Total non-controlled/affiliated portfolio company investments** | **Total non-controlled/affiliated portfolio company investments** | **Total non-controlled/affiliated portfolio company investments** |  |  |  | $16820 | $15961 | 0.1% |
| **Controlled/affiliated portfolio company investments** | **Controlled/affiliated portfolio company investments** |  |  |  |  |  |  |  |  |  |
| **Debt Investments(7)** |  |  |  |  |  |  |  |  |  |  |
| **Asset based lending and fund finance** | **Asset based lending and fund finance** |  |  |  |  |  |  |  |  |  |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(6)(24)(31) | Specialty finance debt investment | N/A |  | 12.00% | 7/2030 | 60057 |  | $60057 | $60057 |  |
| AAM Series 2.1 Aviation Feeder, LLC(3)(4)(6)(24)(31) | Specialty finance debt investment | N/A |  | 12.00% | 11/2030 | 76739 |  | 76739 | 76739 |  |
|  |  |  |  |  |  |  |  | 136796 | 136796 | 0.7% |
| **Specialty Retail** |  |  |  |  |  |  |  |  |  |  |
| Notorious Holdings LLC (dba Beauty Industry Group)(3)(4)(9)(24) | First lien senior secured loan | S+ |  | 9.00% | 12/2031 | 25263 |  | 25028 | 24632 |  |
| Notorious Topco, LLC (dba Beauty Industry Group)(3)(4)(9)(24) | First lien senior secured loan | S+ |  | 7.25% | 12/2030 | 52380 |  | 52167 | 51595 |  |
|  |  |  |  |  |  |  |  | 77195 | 76227 | 0.4% |
| **Total controlled/affiliated debt investments** | **Total controlled/affiliated debt investments** |  |  |  |  |  |  | $213991 | $213023 | 1.1% |
| **Total controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total controlled/affiliated misc. debt commitments(22)(23)(Note 8)** |  |  |  | $— | $(152) | —% |
| **Total controlled/affiliated portfolio company debt investments** | **Total controlled/affiliated portfolio company debt investments** | **Total controlled/affiliated portfolio company debt investments** | **Total controlled/affiliated portfolio company debt investments** | **Total controlled/affiliated portfolio company debt investments** |  |  |  | $213991 | $212871 | 1.1% |
| **Equity Investments** |  |  |  |  |  |  |  |  |  |  |
| **Asset based lending and fund finance** | **Asset based lending and fund finance** |  |  |  |  |  |  |  |  |  |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(22)(24)(29)(30)(31) | Specialty finance equity investment | N/A |  |  | N/A | 27363 |  | $27403 | $33249 |  |
| AAM Series 2.1 Aviation Feeder, LLC(3)(4)(24)(29)(30)(31) | Specialty finance equity investment | N/A |  |  | N/A | 30900 |  | 30941 | 46172 |  |
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)(3)(5)(24)(30)(31)(34) | Specialty finance equity investment | N/A |  |  | N/A | 248045 |  | 248045 | 246656 |  |
|  |  |  |  |  |  |  |  | 306389 | 326077 | 1.7% |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company(1)(25)** | **Investment** | **Interest** | **Interest** | **Interest** | **Maturity Date** | **Par** | | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Company(1)(25)** | **Investment** | **Ref. Rate** | **Cash** | **PIK** | **Maturity Date** | **Par** |<br>**Units** | **Amortized Cost(2)(27)** | **Fair Value** | **% of Net Assets** |
| **Buildings and real estate** | | | | | | | | | | |
| OWL-HP FINANCE LLC(3)(5)(22)(24)(29)(30)(31) | Specialty finance equity investment | N/A |  |  | N/A | 44062 |  | 44064 | 44124 |  |
|  |  |  |  |  |  |  |  | 44064 | 44124 | 0.2% |
| **Insurance** |  |  |  |  |  |  |  |  |  |  |
| Fifth Season Investments LLC(3)(4)(24)(30) | Specialty finance equity investment | N/A |  |  | N/A |  | 28 | 310978 | 345840 |  |
|  |  |  |  |  |  |  |  | 310978 | 345840 | 1.8% |
| **Joint ventures** |  |  |  |  |  |  |  |  |  |  |
| OCIC SLF LLC (fka Blue Owl Credit Income Senior Loan Fund LLC)(5)(24)(30)(31) | LLC Interest | N/A |  |  | N/A | 323558 |  | 323558 | 255423 |  |
| Blue Owl Credit SLF LLC(3)(5)(24)(30)(31) | LLC Interest | N/A |  |  | N/A | 87169 |  | 87176 | 80605 |  |
| Blue Owl Leasing LLC(3)(5)(24)(29)(30)(31) | LLC Interest | N/A |  |  | N/A | 1900 |  | 1900 | 1888 |  |
|  |  |  |  |  |  |  |  | 412634 | 337916 | 1.8% |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |  |  |
| LSI Financing LLC(3)(5)(22)(24)(29)(30)(31) | Specialty finance equity investment | N/A |  |  | N/A | 535195 |  | 535195 | 561428 |  |
|  |  |  |  |  |  |  |  | 535195 | 561428 | 2.9% |
| **Specialty retail** |  |  |  |  |  |  |  |  |  |  |
| Notorious Purchaser II, Inc. (dba Beauty Industry Group)(3)(4)(24)(29)(30) | Class B Common Stock | N/A |  |  | N/A |  | 4063 | 49564 | 49058 |  |
|  |  |  |  |  |  |  |  | 49564 | 49058 | 0.3% |
| **Total controlled/affiliated portfolio company equity investments** | **Total controlled/affiliated portfolio company equity investments** | **Total controlled/affiliated portfolio company equity investments** | **Total controlled/affiliated portfolio company equity investments** | **Total controlled/affiliated portfolio company equity investments** |  |  |  | $1658824 | $1664443 | 8.7% |
| **Total controlled/affiliated portfolio company investments** | **Total controlled/affiliated portfolio company investments** | **Total controlled/affiliated portfolio company investments** | **Total controlled/affiliated portfolio company investments** | **Total controlled/affiliated portfolio company investments** |  |  |  | $1872815 | $1877314 | 9.8% |
| **Total Investments** |  |  |  |  |  |  |  | $36024256 | $35500450 | 185.4% |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Interest Rate and Cross-currency Swaps as of March 31, 2026** | **Interest Rate and Cross-currency Swaps as of March 31, 2026** | **Interest Rate and Cross-currency Swaps as of March 31, 2026** | **Interest Rate and Cross-currency Swaps as of March 31, 2026** | **Interest Rate and Cross-currency Swaps as of March 31, 2026** | **Interest Rate and Cross-currency Swaps as of March 31, 2026** | **Interest Rate and Cross-currency Swaps as of March 31, 2026** | **Interest Rate and Cross-currency Swaps as of March 31, 2026** | **Interest Rate and Cross-currency Swaps as of March 31, 2026** |
| | **Company Receives** | **Company Pays** | **Maturity Date** | **Notional Amount** | **Fair Value** | **Upfront Payments/Receipts** | **Unrealized Appreciation / (Depreciation)**<sup>(i)</sup> | **Hedged Instrument** | **Footnote Reference** |
| Interest rate swap(a)(b)(c) | 7.75% | S + 4.33% | 9/16/2027 | $600000 | $(3791) | $— | $(3791) | September 2027 Notes | Notes 5 and 7 |
| Cross-currency swap(a)(b)(c)(g) | 6.50% | S + 2.67% | 10/23/2027 | 253778 | 4613 |  | 4613 | AUD 2027 Notes | Notes 5 and 7 |
| Interest rate swap(b)(c)(f) | 6.50% | B + 2.72% | 10/23/2027 | 46993 | (688) |  | (688) | AUD 2027 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(d) | 5.90% | S + 2.18% | 5/23/2028 | 500000 | 514 |  | 514 | May 2028 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(e) | 7.95% | S + 4.49% | 6/13/2028 | 650000 | (4021) |  | (4021) | June 2028 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(c) | 7.75% | S + 4.23% | 1/15/2029 | 550000 | (2639) |  | (2639) | January 2029 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(c) | 6.60% | S + 2.39% | 8/15/2029 | 900000 | 16446 |  | 16446 | September 2029 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(c) | 5.80% | S + 2.62% | 2/15/2030 | 1000000 | (17648) |  | (17648) | March 2030 Notes | Notes 5 and 7 |
| Interest rate swap(b)(d)(h) | 4.25% | E + 1.93% | 1/31/2031 | 587218 | (13652) |  | (13652) | EUR 2031 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(d) | 6.65% | S + 2.90% | 1/15/2031 | 750000 | 2340 |  | 2340 | March 2031 Notes | Notes 5 and 7 |
| **Total** |  |  |  | $5837989 | $(18526) | $— | $(18526) |  |  |

---

_______________

<sup>(a)</sup>Contains a variable rate structure. Bears interest at a rate determined by SOFR.

<sup>(b)</sup>Instrument is used in a hedge accounting relationship. The associated change in fair value is recorded along with the change in net carrying value of the hedging item within interest expense.

<sup>(c)</sup>The Company has an International Swaps and Derivatives Association ("ISDA") agreement with Goldman Sachs Bank USA.

<sup>(d)</sup>The Company has an ISDA agreement with Deutsche Bank AG.

<sup>(e)</sup>The Company has an ISDA agreement with US Bank National Association.

<sup>(f)</sup> Contains a variable rate structure. Bears interest at a rate determined by Australian Bank Bill Swap Bid Rate ("BBSY" or "B").

<sup>(g)</sup>The associated change in foreign exchange rate of derivative is recorded along with the change in foreign exchange rate of the note within translation of assets and liabilities in foreign currencies.

<sup>(h)</sup>Contains a variable rate structure. Bears interest at a rate determined by EURIBOR.

<sup>(i)</sup>Amounts are presented in accordance with Regulation S-X 17 CFR § 210.12-13C. Refer to "*Note 7 — Derivative Instruments"* for additional details on the Company's interest rate swaps.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Forward Contracts as of March 31, 2026** | **Forward Contracts as of March 31, 2026** | **Forward Contracts as of March 31, 2026** | **Forward Contracts as of March 31, 2026** | **Forward Contracts as of March 31, 2026** | **Forward Contracts as of March 31, 2026** |
| | **Notional Amount to be Purchased** | **Notional Amount to be Sold** | **Counterparty** | **Settlement Date** | **Unrealized Appreciation / (Depreciation)**<sup>(a)</sup> | **Footnote Reference** |
| Foreign currency forward contract | $60819 | £45425 | Royal Bank of Canada | 4/20/2026 | $733 | Note 7 |
| Foreign currency forward contract | $208508 | 286242 | US Bank National Association | 10/13/2026 | 1162 | Note 7 |
| Foreign currency forward contract | 58000 | $66954 | US Bank National Association | 5/29/2026 | 237 | Note 7 |
| **Total** |  |  |  |  | $**2132** |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup> Amounts are presented in accordance with Regulation S-X 17 CFR § 210.12-13B. Refer to "*Note 7 — Derivative Instruments*" for additional details on the Company's foreign currency forward contracts.

_______________

<sup>(1)</sup> Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 30 for additional information on our restricted securities.

<sup>(2)</sup> The amortized cost represents the original cost adjusted for the amortization and accretion of premiums and discounts, as applicable, on debt investments using the effective interest method.

<sup>(3)</sup> Represents a co-investment made with the Company's affiliates in accordance with the terms of exemptive relief that the Company received from the U.S. Securities and Exchange Commission. See "*Note 3 — Agreements and Related Party Transactions."*

<sup>(4)</sup> Investments were valued using unobservable inputs and are considered Level 3 investments.

<sup>(5)</sup> Investment measured at net asset value ("NAV").

<sup>(6)</sup> Investment contains a fixed-rate structure.

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

<sup>(7)</sup> Unless otherwise indicated, loan contains a variable rate structure, and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate ("SOFR" or "S") (which can include one-, three-, six- or twelve-month SOFR), Euro Interbank Offered Rate ("EURIBOR"or "E") (which can include one-, three- or six-month EURIBOR), Canadian Overnight Repo Rate Average ("CORRA" or "C") (which can include one- or three-month CORRA), BBSY (which can include one-, three-, or six-month BBSY), Sterling (SP) Overnight Interbank Average Rate ("SONIA" or "SA") or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate ("Prime" or "P"), at the borrower's option, and which reset periodically based on the terms of the loan agreement.

<sup>(8)</sup> The interest rate on these investments is subject to 1 month SOFR, which as of March 31, 2026 was 3.66%.

<sup>(9)</sup> The interest rate on these investments is subject to 3 month SOFR, which as of March 31, 2026 was 3.68%.

<sup>(10)</sup> The interest rate on these investments is subject to 6 month SOFR, which as of March 31, 2026 was 3.70%

<sup>(11)</sup> Reserved.

<sup>(12)</sup> The interest rate on these investments is subject to Prime, which as of March 31, 2026 was 6.75%.

<sup>(13)</sup> The interest rate on these investments is subject to 1 month EURIBOR, which as of March 31, 2026 was 1.89%.

<sup>(14)</sup> The interest rate on these investments is subject to 3 month EURIBOR, which as of March 31, 2026 was 2.08%.

<sup>(15)</sup> Reserved.

<sup>(16)</sup> The interest rate on these investments is subject to 1 month BBSY, which as of March 31, 2026 was 4.01%.

<sup>(17)</sup> The interest rate on these investments is subject to 3 month BBSY, which as of March 31, 2026 was 4.31%.

<sup>(18)</sup> Reserved.

<sup>(19)</sup> The interest rate on these investments is subject to SONIA, which as of March 31, 2026 was 3.73%.

<sup>(20)</sup> Reserved.

<sup>(21)</sup> The interest rate on these investments is subject to 3 month CORRA, which as of March 31, 2026 was 2.29%.

<sup>(22)</sup> Position or portion thereof is a partially unfunded debt or equity commitment. See "*Note 8 — Commitments and Contingencies".* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| **Non-controlled/non-affiliated - debt commitments** | **Non-controlled/non-affiliated - debt commitments** | | | | |
| Aerosmith Bidco 1 Limited (dba Audiotonix) | First lien senior secured delayed draw term loan | 7/2027 | $— | $108341 | $— |
| AI Titan Parent, Inc. (dba Prometheus Group) | First lien senior secured delayed draw term loan | 9/2026 | 1528 | 5264 |  |
| Allied Benefit Systems Intermediate LLC | First lien senior secured delayed draw term loan | 12/2027 |  | 2482 | (19) |
| AlphaSense, Inc. | First lien senior secured delayed draw term loan | 6/2029 |  | 716 | (5) |
| AmeriLife Holdings LLC | First lien senior secured delayed draw term loan | 6/2026 | 30708 | 1409 |  |
| AmeriLife Holdings LLC | First lien senior secured delayed draw term loan | 2/2027 |  | 34240 | (257) |
| Anesthesia Consulting & Management, LP | First lien senior secured delayed draw term loan | 11/2027 |  | 7715 | (39) |
| Appfire Technologies, LLC | First lien senior secured delayed draw term loan | 6/2026 | 27 | 2661 |  |
| Aptean Acquiror, Inc. (dba Aptean) | First lien senior secured delayed draw term loan | 2/2027 |  | 9699 | (291) |
| Arctic Holdco, LLC (dba Novvia Group) | First lien senior secured delayed draw term loan | 1/2027 | 10897 | 6747 |  |
| Arctic US Bidco, Inc. (dba ThermoSafe) | First lien senior secured delayed draw term loan | 11/2027 |  | 49208 | (246) |
| Artifact Bidco, Inc. (dba Avetta) | First lien senior secured delayed draw term loan | 7/2027 |  | 3793 | (19) |
| Associations, Inc. | First lien senior secured delayed draw term loan | 7/2028 | 15534 | 22848 |  |
| Associations, Inc. | First lien senior secured delayed draw term loan | 2/2027 | 62873 | 18780 |  |
| Baker Tilly Advisory Group, LP | First lien senior secured delayed draw term loan | 6/2027 |  | 33479 | (167) |
| BCTO BSI Buyer, Inc. (dba Buildertrend) | First lien senior secured delayed draw term loan | 1/2028 |  | 10752 | (134) |
| Birdie Bidco, Inc. (dba Concert Golf Partners) | First lien senior secured delayed draw term loan | 11/2027 | 3597 | 39628 |  |
| Bracket Intermediate Holding Corp. | First lien senior secured delayed draw term loan | 10/2027 |  | 12008 | (180) |
| Brightway Holdings, LLC | First lien senior secured delayed draw term loan | 7/2027 | 2524 | 20129 |  |
| BusinessSolver.com, Inc. | First lien senior secured delayed draw term loan | 12/2027 |  | 2462 | (68) |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured delayed draw term loan | 6/2026 | 2005 | 2463 |  |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured delayed draw term loan | 1/2027 | 112 | 8843 |  |
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.) | First lien senior secured delayed draw term loan | 9/2027 | 1077 | 9999 |  |
| CivicPlus, LLC | First lien senior secured delayed draw term loan | 5/2027 | 5445 | 3763 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| CivicPlus, LLC | First lien senior secured delayed draw term loan | 12/2027 |  | 25316 | (570) |
| CMG HoldCo, LLC (dba Crete United) | First lien senior secured delayed draw term loan | 7/2027 | 17987 | 34492 | (477) |
| Cohnreznick Advisory LLC | First lien senior secured delayed draw term loan | 3/2027 |  | 2698 | (84) |
| Commander Buyer, Inc. (dba CenExel) | First lien senior secured delayed draw term loan | 6/2027 |  | 33764 |  |
| Computer Services, Inc. (dba CSI) | First lien senior secured delayed draw term loan | 11/2027 |  | 28288 | (424) |
| CoreTrust Purchasing Group LLC | First lien senior secured delayed draw term loan | 5/2026 |  | 5995 |  |
| Coupa Holdings, LLC | First lien senior secured delayed draw term loan | 6/2027 |  | 2174 | (71) |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured delayed draw term loan | 7/2027 | 29967 | 10039 |  |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured delayed draw term loan | 8/2027 |  | 6726 | (67) |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured delayed draw term loan | 7/2027 | 6545 | 28260 |  |
| Databricks, Inc. | First lien senior secured delayed draw term loan | 1/2028 |  | 33967 |  |
| DCCM, LLC | First lien senior secured delayed draw term loan | 6/2027 |  | 26232 | (66) |
| DCG ACQUISITION CORP. (dba DuBois Chemical) | First lien senior secured delayed draw term loan | 6/2026 | 11284 | 4615 |  |
| dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.) | First lien senior secured delayed draw term loan | 1/2028 | 5314 | 31882 |  |
| DuraServ LLC | First lien senior secured delayed draw term loan | 3/2027 | 42392 | 29793 |  |
| DuraServ LLC | First lien senior secured delayed draw term loan | 11/2027 |  | 53135 | (664) |
| EET Buyer, Inc. (dba e-Emphasys) | First lien senior secured delayed draw term loan | 1/2027 | 6801 | 1705 |  |
| EOS Finco S.A.R.L (dba Netceed) | First lien senior secured delayed draw term loan | 7/2027 | 1539 | 2336 |  |
| Essential Services Holding Corporation (dba Turnpoint) | First lien senior secured delayed draw term loan | 6/2026 |  | 6970 | (157) |
| Eternal Buyer, LLC (dba Wedgewood Weddings) | First lien senior secured delayed draw term loan | 6/2027 |  | 15411 |  |
| First Eagle Holdings, Inc. | First lien senior secured delayed draw term loan | 6/2027 |  | 2188 | (34) |
| FR Flow Control CB LLC (dba Trillium Flow Technologies) | First lien senior secured delayed draw term loan | 6/2026 |  | 28307 |  |
| Galway Borrower LLC | First lien senior secured delayed draw term loan | 2/2028 |  | 49120 |  |
| GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured delayed draw term loan | 5/2027 |  | 888 | (29) |
| Gusto, Inc. | First lien senior secured delayed draw term loan | 11/2027 |  | 12896 | (129) |
| Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured delayed draw term loan | 9/2026 |  | 8132 |  |
| HIG Operations Holdings, Inc. (dba Higginbotham) | First lien senior secured delayed draw term loan B | 12/2027 |  | 5000 | (13) |
| HIG Operations Holdings, Inc. (dba Higginbotham) | First lien senior secured delayed draw term loan A | 9/2026 |  | 5375 |  |
| Himalaya Topco LLC (dba HealthEdge) | First lien senior secured delayed draw term loan | 6/2027 |  | 7290 | (91) |
| Himalaya Topco LLC (dba HealthEdge) | First lien senior secured delayed draw term loan | 12/2027 |  | 7290 | (91) |
| Horizon Avionics Buyer, LLC (dba Acron Aviation) | First lien senior secured delayed draw term loan | 11/2027 |  | 49936 | (125) |
| Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured delayed draw term loan | 7/2026 | 11505 | 1881 |  |
| Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured loan | 3/2028 |  | 20658 |  |
| Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured delayed draw term loan | 7/2026 |  | 16462 |  |
| Integrity Marketing Acquisition, LLC | First lien senior secured delayed draw term loan | 8/2026 |  | 24080 |  |
| Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured delayed draw term loan | 6/2026 |  | 5079 | (63) |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages) | First lien senior secured delayed draw term loan | 11/2028 |  | 7032 | (53) |
| Jawbreaker Parent, Inc. | First lien senior secured delayed draw term loan | 1/2029 |  | 20483 | (256) |
| Jawbreaker Parent, Inc. | First lien senior secured delayed draw term loan | 4/2026 |  | 50797 | (889) |
| Jellyfish Bidco Limited (dba JTC) | First lien senior secured EUR term loan | 11/2032 |  | 6886 |  |
| Jellyfish Bidco Limited (dba JTC) | First lien senior secured GBP delayed draw term loan | 11/2028 |  | 8598 |  |
| Jellyfish Bidco Limited (dba JTC) | First lien senior secured GBP term loan | 11/2032 |  | 7881 |  |
| Jellyfish US Finco, Inc. (dba JTC) | First lien senior secured loan | 11/2032 |  | 47198 |  |
| Klick Inc. | First lien senior secured delayed draw term loan | 11/2027 |  | 18088 | (90) |
| KRIV Acquisition Inc. (dba Riveron) | First lien senior secured delayed draw term loan | 9/2027 |  | 6568 |  |
| KRIV Acquisition Inc. (dba Riveron) | First lien senior secured delayed draw term loan | 2/2028 |  | 26289 |  |
| KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured delayed draw term loan | 2/2027 |  | 3857 |  |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group) | First lien senior secured delayed draw term loan | 9/2026 | 10625 | 40893 |  |
| Lightbeam Bidco, Inc. (dba Lazer Spot) | First lien senior secured delayed draw term loan | 12/2027 | 18396 | 7586 |  |
| Litera Bidco LLC | First lien senior secured delayed draw term loan | 11/2026 | 8675 | 767 |  |
| Litera Bidco LLC | First lien senior secured delayed draw term loan | 5/2027 |  | 3981 | (70) |
| MAJCO LLC (dba Big Brand Tire & Service) | First lien senior secured delayed draw term loan | 9/2027 | 76686 | 129820 |  |
| Maple Acquisition, LLC (dba Medicus) | First lien senior secured delayed draw term loan | 5/2026 |  | 20448 |  |
| ML Holdco, Inc. (dba Meridian Link) | First lien senior secured delayed draw term loan | 10/2027 |  | 8012 | (220) |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A. | First lien senior secured EUR delayed draw term loan | 3/2027 |  | 24870 | (249) |
| Nelipak Holding Company | First lien senior secured delayed draw term loan | 3/2027 | 7283 | 4486 |  |
| NH Kronos Parent, Inc. | First lien senior secured delayed draw term loan | 1/2028 |  | 8537 | (21) |
| Nova Women's Health, Inc. | First lien senior secured delayed draw term loan | 7/2027 |  | 48295 | (121) |
| NSCALE SERVICES UK LTD | First lien senior secured delayed draw term loan | 8/2027 | 6623 | 153377 |  |
| One, Inc. Software Corporation | First lien senior secured delayed draw term loan | 12/2027 |  | 19375 | (97) |
| Packaging Coordinators Midco, Inc. | First lien senior secured delayed draw term loan | 10/2027 | 5926 | 5277 |  |
| Packaging Coordinators Midco, Inc. | First lien senior secured delayed draw term loan | 4/2026 |  | 77828 | (195) |
| Paris US Holdco, Inc. (dba Precinmac) | First lien senior secured delayed draw term loan | 12/2026 |  | 18063 |  |
| Peachtree Buyer, Inc. (dba Pond & Company) | First lien senior secured delayed draw term loan | 12/2027 |  | 31126 | (389) |
| PerkinElmer U.S. LLC | First lien senior secured delayed draw term loan | 10/2027 |  | 35613 |  |
| PG Buyer, LLC | First lien senior secured delayed draw term loan | 9/2027 |  | 7074 | (71) |
| Pike Corp. | First lien senior secured delayed draw term loan | 12/2028 |  | 53430 | (134) |
| Plasma Buyer LLC (dba PathGroup) | First lien senior secured delayed draw term loan | 3/2027 | 2513 | 5711 |  |
| Premise Health Holding Corp. | First lien senior secured delayed draw term loan | 11/2027 | 7995 | 5343 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM) | First lien senior secured delayed draw term loan | 10/2026 |  | 1922 | (29) |
| RL Datix Holdings (USA), Inc. | First lien senior secured delayed draw term loan | 4/2027 |  | 14908 | (112) |
| Saber Parent Holdings Corp. (dba Service Logic) | First lien senior secured delayed draw term loan | 12/2028 |  | 24780 | (186) |
| Salinger Bidco Inc. (dba Surgical Information Systems) | First lien senior secured delayed draw term loan | 8/2026 |  | 5742 |  |
| Sentinel Buyer Corp. (dba SimpliSafe) | First lien senior secured delayed draw term loan | 11/2027 |  | 18684 | (187) |
| Severin Acquisition, LLC (dba PowerSchool) | First lien senior secured delayed draw term loan | 10/2027 | 6556 | 20641 |  |
| SimonMed, Inc. | First lien senior secured delayed draw term loan | 2/2027 | 34709 | 11099 |  |
| Simplicity Financial Marketing Group Holdings, Inc. | First lien senior secured delayed draw term loan | 12/2026 | 33754 | 6317 |  |
| Smarsh Inc. | First lien senior secured delayed draw term loan | 1/2027 | 2305 | 18042 | (311) |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Soleo Holdings, Inc. | First lien senior secured delayed draw term loan | 2/2027 |  | 15932 |  |
| Sonny's Enterprises, LLC | First lien senior secured delayed draw term loan | 6/2027 | 10745 | 7898 |  |
| Southern Air & Heat Holdings, LLC | First lien senior secured delayed draw term loan | 1/2028 | 2747 | 13215 |  |
| Spaceship Purchaser, Inc. (dba Squarespace) | First lien senior secured delayed draw term loan | 10/2027 |  | 17957 | (359) |
| Spotless Brands, LLC | First lien senior secured delayed draw term loan | 3/2027 | 15459 | 66511 |  |
| STS PARENT, LLC (dba STS Aviation Group) | First lien senior secured delayed draw term loan | 10/2026 |  | 37550 | (188) |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured delayed draw term loan | 7/2027 | 2950 | 7115 |  |
| TBRS, Inc. (dba TEAM Technologies) | First lien senior secured delayed draw term loan | 11/2026 |  | 18303 |  |
| Themis Solutions Inc. (dba Clio) | First lien senior secured delayed draw term loan | 10/2027 |  | 8310 | (229) |
| THG Acquisition, LLC (dba Hilb) | First lien senior secured delayed draw term loan | 10/2026 | 7901 | 12770 |  |
| Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured delayed draw term loan | 10/2026 | 20317 | 6858 |  |
| Tricentis Operations Holdings, Inc. | First lien senior secured delayed draw term loan | 2/2027 |  | 10055 | (302) |
| Troon Golf, L.L.C. | First lien senior secured delayed draw term loan | 9/2026 | 27106 | 27449 |  |
| U.S. Urology Partners LLC | First lien senior secured delayed draw term loan | 10/2027 |  | 25000 | (281) |
| Unified Women's Healthcare, LP | First lien senior secured delayed draw term loan | 9/2027 |  | 6628 | (8) |
| Unit4 Group Holding B.V. | First lien senior secured EUR delayed draw term loan | 1/2030 |  | 11965 |  |
| Unit4 Group Holding B.V. | First lien senior secured EUR term loan | 1/2033 |  | 127628 |  |
| USIC Holdings, Inc. | First lien senior secured delayed draw term loan | 9/2026 | 1531 | 692 |  |
| USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | First lien senior secured delayed draw term loan | 8/2026 | 6149 | 7774 |  |
| Vensure Employer Services, Inc. | First lien senior secured delayed draw term loan | 3/2028 |  | 25624 | (134) |
| Vessco Midco Holdings, LLC | First lien senior secured delayed draw term loan | 7/2026 | 22053 | 1831 |  |
| Vessco Midco Holdings, LLC | First lien senior secured delayed draw term loan | 5/2028 |  | 23778 |  |
| Vestwell Holdings Inc. | First lien senior secured delayed draw term loan | 1/2028 |  | 5405 | (216) |
| Victors Purchaser, LLC (dba Service Express) | First lien senior secured delayed draw term loan | 12/2027 |  | 8737 | (44) |
| W.A. Kendall and Company, LLC | First lien senior secured delayed draw term loan | 12/2026 | 11384 | 47840 |  |
| Walker Edison Furniture Company LLC | First lien senior secured delayed draw term loan | N/A | 305 | 131 |  |
| Walker Edison Furniture Company LLC | First lien senior secured delayed draw term loan | N/A | 141 | 113 |  |
| Wipfli Advisory LLC | First lien senior secured delayed draw term loan | 4/2028 |  | 23102 | (116) |
| Wrench Group LLC | First lien senior secured delayed draw term loan | 9/2027 |  | 32404 | (162) |
| WU Holdco, Inc. (dba PurposeBuilt Brands) | First lien senior secured delayed draw term loan | 4/2027 |  | 46130 | (115) |
| Accommodations Plus Technologies LLC | First lien senior secured revolving loan | 5/2032 |  | 1250 | (41) |
| Activate Holdings (US) Corp. (dba Absolute Software) | First lien senior secured revolving loan | 7/2029 |  | 352 | (7) |
| Aerosmith Bidco 1 Limited (dba Audiotonix) | First lien senior secured revolving loan | 7/2030 |  | 44919 |  |
| AI Titan Parent, Inc. (dba Prometheus Group) | First lien senior secured revolving loan | 8/2031 |  | 4245 | (127) |
| Alera Group, Inc. | First lien senior secured revolving loan | 5/2030 |  | 12500 | (394) |
| AmeriLife Holdings LLC | First lien senior secured revolving loan | 8/2028 | 5565 | 27827 |  |
| Anaplan, Inc. | First lien senior secured revolving loan | 6/2028 |  | 16528 | (372) |
| Anesthesia Consulting & Management, LP | First lien senior secured revolving loan | 12/2030 |  | 9022 | (90) |
| Appfire Technologies, LLC | First lien senior secured revolving loan | 3/2028 |  | 1633 | (57) |
| Aptean Acquiror, Inc. (dba Aptean) | First lien senior secured revolving loan | 1/2031 | 1942 | 6555 |  |
| Arctic Holdco, LLC (dba Novvia Group) | First lien senior secured revolving loan | 1/2031 | 3906 | 7930 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Arctic US Bidco, Inc. (dba ThermoSafe) | First lien senior secured multi-currency revolving loan | 11/2032 | 1148 | 15255 |  |
| Artifact Bidco, Inc. (dba Avetta) | First lien senior secured revolving loan | 7/2030 |  | 2710 | (28) |
| Ascend Buyer, LLC (dba PPC Flexible Packaging) | First lien senior secured revolving loan | 9/2028 | 1146 | 7041 |  |
| Associations, Inc. | First lien senior secured revolving loan | 7/2028 |  | 25389 |  |
| Atlas Borrower, LLC (dba Anovo) | First lien senior secured revolving loan | 9/2032 |  | 15983 | (200) |
| Atlas US Finco, Inc. (dba Nearmap) | First lien senior secured revolving loan | 12/2028 |  | 7697 | (77) |
| AWP Group Holdings, Inc. | First lien senior secured revolving loan | 12/2030 | 3773 | 2032 |  |
| Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.) | First lien senior secured revolving loan | 3/2031 |  | 1995 | (50) |
| Baker Tilly Advisory Group, LP | First lien senior secured revolving loan | 6/2030 |  | 43084 |  |
| Bamboo US BidCo LLC | First lien senior secured revolving loan | 10/2029 |  | 20128 |  |
| Bayshore Intermediate #2, L.P. (dba Boomi) | First lien senior secured revolving loan | 10/2027 | 4547 | 13789 |  |
| BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured revolving loan | 8/2028 | 3996 | 1319 |  |
| BCPE Pequod Buyer, Inc. (dba Envestnet) | First lien senior secured revolving loan | 11/2029 |  | 16634 | (624) |
| BCTO BSI Buyer, Inc. (dba Buildertrend) | First lien senior secured revolving loan | 12/2028 |  | 9677 | (169) |
| Belmont Buyer, Inc. (dba Valenz) | First lien senior secured revolving loan | 6/2029 | 887 | 5763 |  |
| Birdie Bidco, Inc. (dba Concert Golf Partners) | First lien senior secured revolving loan | 11/2032 |  | 24014 | (120) |
| Blast Bidco Inc. (dba Bazooka Candy Brands) | First lien senior secured revolving loan | 10/2029 |  | 4179 |  |
| Bracket Intermediate Holding Corp. | First lien senior secured revolving loan | 10/2031 |  | 5003 | (100) |
| Brightway Holdings, LLC | First lien senior secured revolving loan | 12/2029 |  | 6589 | (16) |
| Bristol Hospice L.L.C. | First lien senior secured revolving loan | 8/2032 |  | 19229 |  |
| BTRS Holdings Inc. (dba Billtrust) | First lien senior secured revolving loan | 12/2028 | 3978 | 1085 |  |
| BusinessSolver.com, Inc. | First lien senior secured revolving loan | 12/2032 |  | 1097 | (33) |
| By Light Professional IT Services LLC | First lien senior secured revolving loan | 7/2031 |  | 7025 | (228) |
| Cadence, Inc. | First lien senior secured revolving loan | 5/2028 | 810 | 2084 |  |
| Cambrex Corporation | First lien senior secured revolving loan | 3/2032 | 6659 | 22474 |  |
| Canadian Hospital Specialties Limited | First lien senior secured revolving loan | 4/2027 | 217 | 209 |  |
| Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.) | First lien senior secured revolving loan | 8/2027 | 108 | 773 |  |
| CCI BUYER, INC. (dba Consumer Cellular) | First lien senior secured revolving loan | 5/2032 |  | 29023 | (73) |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured revolving loan | 6/2029 |  | 2239 |  |
| Certinia Inc. | First lien senior secured revolving loan | 8/2031 |  | 15425 | (424) |
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.) | First lien senior secured revolving loan | 1/2030 |  | 3692 |  |
| CivicPlus, LLC | First lien senior secured revolving loan | 8/2030 |  | 6058 | (167) |
| CMG HoldCo, LLC (dba Crete United) | First lien senior secured revolving loan | 11/2030 | 2166 | 9384 |  |
| Commander Buyer, Inc. (dba CenExel) | First lien senior secured revolving loan | 6/2032 |  | 22509 | (113) |
| Conservice Midco, LLC | First lien senior secured revolving loan | 2/2033 |  | 15552 | (39) |
| CoreTrust Purchasing Group LLC | First lien senior secured revolving loan | 10/2029 |  | 14183 | (35) |
| Coupa Holdings, LLC | First lien senior secured revolving loan | 2/2029 |  | 1664 | (67) |
| CPM Holdings, Inc. | First lien senior secured revolving loan | 6/2028 | 1971 | 3029 |  |
| Creek Parent, Inc. (dba Catalent) | First lien senior secured revolving loan | 12/2031 |  | 42297 | (317) |
| Crewline Buyer, Inc. (dba New Relic) | First lien senior secured revolving loan | 11/2030 |  | 17226 | (431) |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured revolving loan | 8/2031 |  | 50193 | (251) |
| D4C Dental Brands, Inc. | First lien senior secured revolving loan | 11/2029 | 4913 | 8188 |  |
| DCCM, LLC | First lien senior secured revolving loan | 6/2032 |  | 10493 | (79) |
| DCG ACQUISITION CORP. (dba DuBois Chemical) | First lien senior secured revolving loan | 6/2031 |  | 15899 | (199) |
| Deerfield Dakota Holdings | First lien senior secured revolving loan | 9/2032 | 9409 | 37637 |  |
| Delinea Buyer, Inc. (f/k/a Centrify) | First lien senior secured revolving loan | 3/2030 |  | 14103 | (55) |
| Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet) | First lien senior secured revolving loan | 8/2032 |  | 25284 | (569) |
| dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.) | First lien senior secured revolving loan | 1/2033 |  | 26569 | (133) |
| Diamond Mezzanine 24 LLC (dba United Risk)\* | First lien senior secured revolving loan | 10/2030 | 6175 |  |  |
| DM Buyer (USA), Inc. | First lien senior secured revolving loan | 2/2033 |  | 11750 | (59) |
| Dresser Utility Solutions, LLC | First lien senior secured revolving loan | 3/2029 |  | 10552 |  |
| DuraServ LLC | First lien senior secured revolving loan | 6/2030 | 8732 | 15524 |  |
| Eagle Family Foods Group LLC | First lien senior secured revolving loan | 8/2030 |  | 20344 | (51) |
| EET Buyer, Inc. (dba e-Emphasys) | First lien senior secured revolving loan | 11/2027 |  | 3387 | (51) |
| Einstein Parent, Inc. (dba Smartsheet) | First lien senior secured revolving loan | 1/2031 |  | 7949 | (199) |
| Essential Services Holding Corporation (dba Turnpoint) | First lien senior secured revolving loan | 6/2030 | 1743 | 2614 |  |
| Eternal Buyer, LLC (dba Wedgewood Weddings) | First lien senior secured revolving loan | 6/2032 |  | 15411 | (77) |
| Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured revolving loan | 4/2030 |  | 12968 |  |
| Fiesta Purchaser, Inc. (dba Shearer's Foods) | First lien senior secured revolving loan | 2/2029 | 3328 | 13287 |  |
| Flexera Software LLC | First lien senior secured revolving loan | 8/2032 |  | 8085 | (202) |
| Forescout Technologies, Inc. | First lien senior secured revolving loan | 5/2031 |  | 12702 | (286) |
| Formerra, LLC | First lien senior secured revolving loan | 11/2028 |  | 526 | (3) |
| Fortis Solutions Group, LLC | First lien senior secured revolving loan | 10/2027 | 3036 | 3711 |  |
| Foundation Consumer Brands, LLC | First lien senior secured revolving loan | 2/2029 |  | 3411 | (9) |
| FR Flow Control CB LLC (dba Trillium Flow Technologies) | First lien senior secured revolving loan | 12/2029 |  | 23160 |  |
| Galls, LLC | First lien senior secured revolving loan | 3/2030 | 7456 | 8241 |  |
| Galway Borrower LLC | First lien senior secured revolving loan | 9/2028 | 2383 | 3884 |  |
| Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 12/2027 | 1509 | 2463 |  |
| Gerson Lehrman Group, Inc. | First lien senior secured revolving loan | 12/2028 |  | 8404 | (147) |
| GI Apple Midco LLC (dba Atlas Technical Consultants) | First lien senior secured revolving loan | 4/2029 | 4987 | 6095 |  |
| GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured revolving loan | 10/2027 | 669 | 1004 |  |
| Granicus, Inc. | First lien senior secured revolving loan | 1/2031 |  | 4633 | (58) |
| GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured revolving loan | 5/2028 | 130 | 118 |  |
| H&F Opportunities LUX III S.À R.L (dba Checkmarx) | First lien senior secured revolving loan | 4/2028 |  | 8440 | (105) |
| Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured revolving loan | 12/2028 |  | 12595 |  |
| Himalaya Topco LLC (dba HealthEdge) | First lien senior secured revolving loan | 6/2032 | 1276 | 6926 |  |
| Hissho Parent, LLC | First lien senior secured revolving loan | 5/2029 |  | 11009 |  |
| Home Service TopCo IV, Inc. | First lien senior secured revolving loan | 12/2027 |  | 3359 |  |
| Horizon Avionics Buyer, LLC (dba Acron Aviation) | First lien senior secured revolving loan | 3/2032 | 4394 | 20574 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Hyland Software, Inc. | First lien senior secured revolving loan | 9/2029 |  | 6978 | (209) |
| Icefall Parent, Inc. (dba EngageSmart) | First lien senior secured revolving loan | 1/2030 |  | 2749 | (34) |
| IG Investments Holdings, LLC (dba Insight Global) | First lien senior secured revolving loan | 9/2028 |  | 4866 |  |
| Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured revolving loan | 5/2028 |  | 12700 |  |
| Indikami Bidco, LLC (dba IntegriChain) | First lien senior secured revolving loan | 6/2030 | 3566 | 1126 |  |
| Integrity Marketing Acquisition, LLC | First lien senior secured revolving loan | 8/2028 |  | 17886 |  |
| Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured revolving loan | 3/2028 | 602 | 5416 |  |
| IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)) | First lien senior secured revolving loan | 12/2028 |  | 23738 | (178) |
| Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages) | First lien senior secured revolving loan | 11/2032 | 1406 | 4782 |  |
| Jawbreaker Parent, Inc. | First lien senior secured revolving loan | 1/2033 |  | 20483 | (358) |
| Jellyfish Bidco Limited (dba JTC) | First lien senior secured multi-currency revolving loan | 11/2032 |  | 14330 |  |
| Jeppesen Holdings, LLC | First lien senior secured multi-currency revolving loan | 11/2032 |  | 863 | (15) |
| JS Parent, Inc. (dba Jama Software) | First lien senior secured revolving loan | 4/2031 |  | 88 |  |
| Klick Inc. | First lien senior secured revolving loan | 11/2031 |  | 18088 | (136) |
| KRIV Acquisition Inc. (dba Riveron) | First lien senior secured revolving loan | 7/2031 | 7168 | 9757 |  |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) | First lien senior secured revolving loan | 12/2029 |  | 43355 | (325) |
| KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured revolving loan | 2/2030 |  | 2877 |  |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group) | First lien senior secured revolving loan | 9/2029 |  | 8600 | (22) |
| Lightbeam Bidco, Inc. (dba Lazer Spot) | First lien senior secured revolving loan | 5/2029 |  | 11685 | (58) |
| Lignetics Investment Corp. | First lien senior secured revolving loan | 10/2026 |  | 11471 |  |
| Litera Bidco LLC | First lien senior secured revolving loan | 5/2028 |  | 2266 | (40) |
| Magnet Forensics, LLC (f/k/a Grayshift, LLC) | First lien senior secured revolving loan | 7/2028 |  | 2419 |  |
| MAJCO LLC (dba Big Brand Tire & Service) | First lien senior secured revolving loan | 9/2032 |  | 59002 | (148) |
| ManTech International Corporation | First lien senior secured revolving loan | 9/2028 |  | 1806 | (23) |
| Maple Acquisition, LLC (dba Medicus) | First lien senior secured revolving loan | 5/2030 |  | 15336 |  |
| Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured revolving loan | 4/2028 | 7984 | 54 |  |
| Matterhorn Finco, Inc. | First lien senior secured revolving loan | 3/2033 |  | 12784 | (64) |
| McQueen Bidco PTY LTD. (dba Infomedia) | First lien senior secured revolving loan | 12/2032 |  | 4927 | (74) |
| MHE Intermediate Holdings, LLC (dba OnPoint Group) | First lien senior secured revolving loan | 7/2027 | 1429 | 2143 |  |
| Milan Laser Holdings LLC | First lien senior secured revolving loan | 4/2027 |  | 2553 | (38) |
| Ministry Brands Holdings, LLC | First lien senior secured revolving loan | 12/2027 | 395 | 4350 |  |
| Minotaur Acquisition, Inc. (dba Inspira Financial) | First lien senior secured revolving loan | 6/2030 |  | 25814 | (65) |
| Mitnick Corporate Purchaser, Inc. | First lien senior secured revolving loan | 5/2027 | 1238 | 8138 | (4083) |
| Modernizing Medicine, Inc. (dba ModMed) | First lien senior secured revolving loan | 4/2032 |  | 10683 | (53) |
| Monotype Imaging Holdings Inc. | First lien senior secured revolving loan | 2/2030 |  | 21041 | (421) |
| Natural Partners, LLC | First lien senior secured revolving loan | 11/2030 |  | 11814 |  |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A. | First lien senior secured EUR revolving loan | 3/2031 |  | 4640 | (81) |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Nelipak Holding Company | First lien senior secured revolving loan | 3/2031 | 2375 | 6421 |  |
| Neptune Holdings, Inc. (dba NexTech) | First lien senior secured revolving loan | 8/2029 |  | 4118 | (82) |
| NH Kronos Parent, Inc. | First lien senior secured revolving loan | 1/2033 | 2561 | 10244 |  |
| NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured revolving loan | 9/2028 |  | 558 | (8) |
| Nova Women's Health, Inc. | First lien senior secured revolving loan | 1/2032 |  | 3864 | (19) |
| OAC Holdings I Corp. (dba Omega Holdings) | First lien senior secured revolving loan | 3/2028 | 1691 | 882 |  |
| OB Hospitalist Group, Inc. | First lien senior secured revolving loan | 9/2027 |  | 7993 |  |
| Offen, Inc. | First lien senior secured revolving loan | 7/2029 | 921 | 1347 |  |
| Ole Smoky Distillery, LLC | First lien senior secured revolving loan | 3/2028 |  | 3302 | (256) |
| One, Inc. Software Corporation | First lien senior secured revolving loan | 12/2032 |  | 7750 | (78) |
| Packaging Coordinators Midco, Inc. | First lien senior secured revolving loan | 10/2032 |  | 51253 | (513) |
| Paris US Holdco, Inc. (dba Precinmac) | First lien senior secured revolving loan | 12/2031 | 677 | 8354 |  |
| Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.) | First lien senior secured revolving loan | 1/2028 |  | 7761 |  |
| PDI TA Holdings, Inc. | First lien senior secured revolving loan | 2/2031 | 4687 | 335 |  |
| Peachtree Buyer, Inc. (dba Pond & Company) | First lien senior secured revolving loan | 12/2032 | 467 | 19765 |  |
| PetVet Care Centers, LLC | First lien senior secured revolving loan | 11/2029 | 6652 | 26606 |  |
| PG Buyer, LLC | First lien senior secured revolving loan | 9/2031 |  | 4042 | (61) |
| Pike Corp. | First lien senior secured revolving loan | 12/2032 |  | 35620 | (178) |
| Plasma Buyer LLC (dba PathGroup)\* | First lien senior secured revolving loan | 5/2028 | 13107 |  |  |
| PPV Intermediate Holdings, LLC | First lien senior secured revolving loan | 8/2029 | 4445 | 7409 |  |
| Premise Health Holding Corp. | First lien senior secured revolving loan | 11/2031 |  | 11308 | (170) |
| Puma Buyer, LLC (dba PANTHERx) | First lien senior secured revolving loan | 3/2032 |  | 31523 |  |
| QAD, Inc. | First lien senior secured revolving loan | 11/2027 |  | 6000 | (90) |
| Quva Pharma, Inc. | First lien senior secured revolving loan | 4/2028 |  | 455 | (14) |
| Rhea Parent, Inc. | First lien senior secured revolving loan | 12/2030 |  | 21596 | (216) |
| RL Datix Holdings (USA), Inc. | First lien senior secured revolving loan | 10/2030 |  | 13053 | (228) |
| Saber Parent Holdings Corp. (dba Service Logic) | First lien senior secured revolving loan | 12/2032 | 3634 | 8756 |  |
| Salinger Bidco Inc. (dba Surgical Information Systems) | First lien senior secured revolving loan | 5/2031 |  | 5742 | (14) |
| SCHP Purchaser, Inc. (dba St. Croix Hospice) | First lien senior secured revolving loan | 10/2032 |  | 19885 | (298) |
| Securonix, Inc. | First lien senior secured revolving loan | 4/2028 |  | 5339 | (1041) |
| Senderra RX Acquisition, LLC | First lien senior secured revolving loan | 3/2033 | 2235 | 8938 |  |
| Sensor Technology Topco, Inc. (dba Humanetics) | First lien senior secured revolving loan | 5/2028 | 1371 | 19191 |  |
| Severin Acquisition, LLC (dba PowerSchool) | First lien senior secured revolving loan | 10/2031 | 4353 | 11972 |  |
| SimonMed, Inc. | First lien senior secured revolving loan | 2/2031 | 16879 | 13810 |  |
| Simplicity Financial Marketing Group Holdings, Inc. | First lien senior secured revolving loan | 12/2031 |  | 20119 | (101) |
| Smarsh Inc. | First lien senior secured revolving loan | 2/2029 | 2303 | 8493 |  |
| Soleo Holdings, Inc. | First lien senior secured revolving loan | 2/2032 |  | 15932 |  |
| Soliant Lower Intermediate, LLC (dba Soliant) | First lien senior secured revolving loan | 6/2031 |  | 15556 | (4044) |
| Sonny's Enterprises, LLC | First lien senior secured revolving loan | 8/2027 | 20755 | 5147 |  |
| Southern Air & Heat Holdings, LLC | First lien senior secured revolving loan | 1/2029 | 287 | 2372 |  |
| Spaceship Purchaser, Inc. (dba Squarespace) | First lien senior secured revolving loan | 10/2031 |  | 14965 | (374) |
| Spotless Brands, LLC | First lien senior secured revolving loan | 7/2028 |  | 2244 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| STS PARENT, LLC (dba STS Aviation Group) | First lien senior secured revolving loan | 10/2030 | 11828 | 3192 |  |
| SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured revolving loan | 3/2029 |  | 5579 | (195) |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured revolving loan | 3/2029 |  | 5336 | (133) |
| TBRS, Inc. (dba TEAM Technologies) | First lien senior secured revolving loan | 11/2030 |  | 20918 | (105) |
| The Better Being Co., LLC (fka Nutraceutical International Corporation) | First lien senior secured revolving loan | 12/2029 |  | 13257 | (133) |
| Themis Solutions Inc. (dba Clio) | First lien senior secured revolving loan | 10/2032 |  | 6925 | (190) |
| THG Acquisition, LLC (dba Hilb) | First lien senior secured revolving loan | 10/2031 | 2545 | 7813 |  |
| Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured revolving loan | 6/2027 |  | 1021 | (20) |
| Tricentis Operations Holdings, Inc. | First lien senior secured revolving loan | 2/2032 |  | 6284 | (220) |
| Troon Golf, L.L.C. | First lien senior secured revolving loan | 8/2028 |  | 27449 |  |
| Truist Insurance Holdings, LLC | First lien senior secured revolving loan | 5/2029 | 3405 | 3614 |  |
| Unified Women's Healthcare, LP | First lien senior secured revolving loan | 6/2029 |  | 8120 | (41) |
| Unit4 Group Holding B.V. | First lien senior secured EUR revolving loan | 1/2033 |  | 15954 |  |
| USIC Holdings, Inc. | First lien senior secured revolving loan | 9/2031 | 4194 | 635 |  |
| USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | First lien senior secured revolving loan | 12/2029 |  | 4975 |  |
| Valeris, Inc. (fka Phantom Purchaser, Inc.) | First lien senior secured revolving loan | 9/2031 |  | 33898 | (85) |
| Velocity HoldCo III Inc. (dba VelocityEHS) | First lien senior secured revolving loan | 5/2029 |  | 258 | (5) |
| Vessco Midco Holdings, LLC | First lien senior secured revolving loan | 7/2031 |  | 7962 |  |
| Vestwell Holdings Inc. | First lien senior secured revolving loan | 1/2031 |  | 1507 | (60) |
| Victors Purchaser, LLC (dba Service Express) | First lien senior secured revolving loan | 12/2032 |  | 16617 | (125) |
| Vital Bidco AB (dba Vitamin Well) | First lien senior secured revolving loan | 10/2030 |  | 52912 |  |
| W.A. Kendall and Company, LLC | First lien senior secured revolving loan | 4/2030 | 5909 | 2230 |  |
| Wipfli Advisory LLC | First lien senior secured revolving loan | 10/2032 |  | 15401 | (116) |
| Wrench Group LLC | First lien senior secured revolving loan | 9/2031 | 12097 | 20307 |  |
| WU Holdco, Inc. (dba PurposeBuilt Brands) | First lien senior secured revolving loan | 4/2032 | 3075 | 11276 |  |
| Zendesk, Inc. | First lien senior secured revolving loan | 11/2028 |  | 17609 | (616) |
| **Total non-controlled/non-affiliated - debt commitments** | **Total non-controlled/non-affiliated - debt commitments** |  | $**879695** | $**4967706** | $**(33600)** |
| **Non-controlled/non-affiliated - equity commitments** | **Non-controlled/non-affiliated - equity commitments** |  |  |  |  |
| Chrome Investors LP | LP Interest | N/A | 7339 | 1835 |  |
| Percheron Horsepower-A LP (dba Big Brand Tire & Service) | Limited Partner Interest | N/A | 71553 | 11679 |  |
| Polar Investors LP (dba Dentalcorp) | Common Equity | N/A | 8520 | 2130 |  |
| Valor Cl Blocker Feeder LP | LP Interest | N/A | 6430 | 4286 |  |
| **Total non-controlled/non-affiliated - equity commitments** | **Total non-controlled/non-affiliated - equity commitments** |  | $**93842** | $**19930** | $**—** |
| **Non-controlled/affiliated - debt commitments** | **Non-controlled/affiliated - debt commitments** |  |  |  |  |
| Pluralsight, LLC | First lien senior secured delayed draw term loan | 8/2029 | $— | $496 | $(27) |
| Pluralsight, LLC | First lien senior secured revolving loan | 8/2029 |  | 198 | (11) |
| **Total non-controlled/affiliated - debt commitments** | **Total non-controlled/affiliated - debt commitments** |  | $**—** | $**694** | $**(38)** |
| **Non-controlled/affiliated - equity commitments** | **Non-controlled/affiliated - equity commitments** |  |  |  |  |
| Wingspire Capital Holdings LLC | Specialty finance equity investment | N/A | $9000 | $36000 | $— |
| **Total non-controlled/affiliated - equity commitments** | **Total non-controlled/affiliated - equity commitments** |  | $**9000** | $**36000** | $**—** |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| **Controlled/affiliated - debt commitments** | **Controlled/affiliated - debt commitments** | | | | |
| Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured revolving loan | 12/2030 | $— | $10157 | $(152) |
| **Total controlled/affiliated - debt commitments** | **Total controlled/affiliated - debt commitments** |  | $**—** | $**10157** | $**(152)** |
| **Controlled/affiliated - equity commitments** | **Controlled/affiliated - equity commitments** |  |  |  |  |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | Specialty finance equity investment | N/A | $27363 | $36471 | $— |
| LSI Financing LLC | Specialty finance equity investment | N/A | 535195 | 189525 |  |
| OWL-HP FINANCE LLC | Specialty finance equity investment | N/A | 44062 | 171438 |  |
| **Total controlled/affiliated - equity commitments** | **Total controlled/affiliated - equity commitments** |  | $606620 | $397434 | $— |
| **Total Portfolio Company Commitments** | **Total Portfolio Company Commitments** |  | $1589157 | $5431921 | $(33790) |

---

\*Fully funded

<sup>(23)</sup> The negative cost and fair value results from unamortized fees, which are capitalized to the investment cost of unfunded commitments, if any.

<sup>(24)</sup> As defined in the Investment Company Act of 1940, as amended (the "1940 Act"), the Company is deemed to "control" a portfolio company if the Company owns more than 25% of the portfolio company's voting securities or has the power to exercise control over management or policies, including through a management agreement. As defined in the 1940 Act, the Company is an "affiliated person" of this portfolio company if the Company owns more than 5% or more of the portfolio company's outstanding voting securities. Transactions related to the Company's investments in non-controlled affiliates and controlled affiliates for the year ended March 31, 2026, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company** | **Fair value as of December 31, 2025** | **Gross Additions**<sup>(a)</sup> | **Gross Reductions**<sup>(b)</sup> | **Net Change in Unrealized Gain/(Loss)** | **Fair value as of March 31, 2026** | **Dividend Income** | **Interest and PIK Income** | **Other Income** |
| **Controlled Affiliates** | | | | | | | | |
| AAM Series 2.1 Aviation Feeder, LLC(c) | $122705 | $2378 | $(245) | $(1927) | $122911 | $— | $2281 | $— |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(c) | 93464 | 2201 |  | (2359) | 93306 |  | 1763 |  |
| Blue Owl Credit SLF LLC(d) | 76791 | 10209 |  | (6395) | 80605 | 1728 |  |  |
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC) | 136815 | 110976 |  | (1135) | 246656 | 7057 |  |  |
| Blue Owl Leasing LLC(d) | 17229 |  | (15337) | (4) | 1888 |  |  |  |
| OWL-HP FINANCE LLC |  | 44064 |  | 60 | 44124 |  |  |  |
| Fifth Season Investments LLC | 344960 |  |  | 880 | 345840 | 7347 |  |  |
| LSI Financing LLC | 321093 | 246220 | (7909) | 2024 | 561428 | 8716 |  |  |
| Notorious Topco, LLC (dba Beauty Industry Group) | 124174 | 2503 |  | (1544) | 125133 |  | 2209 | 195 |
| OCIC SLF LLC (fka Blue Owl Credit Income Senior Loan Fund LLC)(d) | 280331 | 8750 |  | (33658) | 255423 | 5928 |  |  |
| **Total Controlled Affiliates** | $1517562 | $427301 | $(23491) | $(44058) | $1877314 | $30776 | $6253 | $195 |
| **Company** | **Fair value as of December 31, 2025** | **Gross Additions**<sup>(a)</sup> | **Gross Reductions**<sup>(b)</sup> | **Net Change in Unrealized Gain/(Loss)** | **Fair value as of March 31, 2026** | **Dividend Income** | **Interest and PIK Income** | **Other Income** |
| **Non-Controlled Affiliates** | **Non-Controlled Affiliates** |  |  |  |  |  |  |  |
| LSI Financing 1 DAC | $4105 | $— | $— | $62 | $4167 | $— | $— | $— |
| Pluralsight, LLC | 2303 | 6 | (3) | (660) | 1646 |  | 25 | 1 |
| Wingspire Capital Holdings LLC | 10156 |  |  | (8) | 10148 | 214 |  |  |
| **Total Non-controlled Affiliates** | $16564 | $6 | $(3) | $(606) | $15961 | $214 | $25 | $1 |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

_______________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup> &nbsp;&nbsp;&nbsp;&nbsp;Gross additions may include increases in the cost basis of investments resulting from new investments, amounts related to PIK interest capitalized and added to the principal balance of the respective loans, the accretion of discounts, the exchange of one or more existing investments for one or more new investments from a different category.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup> &nbsp;&nbsp;&nbsp;&nbsp;Gross reductions may include decreases in the cost basis of investments resulting from principal collections related to investment repayments and sales, return of capital, the amortization of premiums and the exchange of one or more existing securities for one or more new securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(c)</sup> &nbsp;&nbsp;&nbsp;&nbsp;In connection with its investment in AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC and AAM Series 2.1 Aviation Feeder, LLC (collectively, "Amergin AssetCo") the Company made a minority investment in Amergin Asset Management, LLC which has entered into a Servicing Agreement with Amergin AssetCo.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(d)</sup> &nbsp;&nbsp;&nbsp;&nbsp;For further description of the Company's investment in OCIC SLF LLC (f/k/a Blue Owl Credit Income Senior Loan Fund LLC) ("OCIC SLF"), Blue Owl Credit SLF LLC ("Credit SLF"), Blue Owl Leasing LLC ("Blue Owl Leasing") and OWL-HP FINANCE LLC ("Owl-HP Finance") see *"Note 4 — Investments."*

<sup>(25)</sup> Unless otherwise indicated, the Company's portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facilities and CLOs. See *"Note 5 — Debt".*

<sup>(26)</sup> Investment is not pledged as collateral under the Company's Amended and Restated Senior Secured Revolving Credit Agreement (the "Revolving Credit Facility", credit facilities to which certain of our subsidiaries are parties (the "SPV Asset Facilities") and collateral loan obligation transactions ("CLOs").

<sup>(27)</sup> As of March 31, 2026, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $441.4 million based on a tax cost basis of $35.94 billion. As of March 31, 2026, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $727.3 million. As of March 31, 2026, the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $285.9 million.

<sup>(28)</sup> Investment was on non-accrual status as of March 31, 2026.

<sup>(29)</sup> Investment is non-income producing.

<sup>(30)</sup> Security acquired in transaction exempt from registration under the Securities Act of 1933, and may be deemed to be "restricted security" under the Securities Act. As of March 31, 2026, the aggregate fair value of these securities is $2.60 billion, or 13.6% of the Company's net assets. The acquisition dates of the restricted securities are as follows:

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **Investment** | **Acquisition Date** |
| 25CXBFS SCSP (dba Xplor) | Limited Partner Interest | November 21, 2025 |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC\*\* | Specialty finance equity investment | July 1, 2022 |
| AAM Series 2.1 Aviation Feeder, LLC\*\* | Specialty finance equity investment | July 1, 2022 |
| Accelerate Topco Holdings, LLC | Common Units | September 1, 2022 |
| AlphaSense, LLC | Series E Preferred Shares | June 27, 2024 |
| Amergin Asset Management, LLC | Specialty finance equity investment | July 1, 2022 |
| ASP Conair Holdings LP | Class A Units | May 17, 2021 |
| Baypine Commander Co-Invest, LP | LP Interest | June 6, 2025 |
| BEHP Co-Investor II, L.P. | LP Interest | May 6, 2022 |
| Bird Holding B.V. (fka MessageBird Holding B.V.) | Extended Series C Warrants | May 5, 2021 |
| Blue Owl Credit SLF LLC\* | LLC Interest | August 1, 2024 |
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)\*\* | Specialty finance equity investment | September 19, 2025 |
| Blue Owl Leasing LLC\*\* | LLC Interest | October 14, 2025 |
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi) | Common Units | October 1, 2021 |
| Capital Integration Systems LLC (dba CAIS) | Class D Common Units | February 27, 2026 |
| CD&R Value Building Partners I, L.P. (dba Belron) | LP Interest | December 2, 2021 |
| Chrome Investors LP | LP Interest | January 25, 2025 |
| Dodge Construction Network Holdings, L.P. | Class A-2 Common Units | March 16, 2022 |
| Dodge Construction Network Holdings, L.P. | Series A Preferred Units | March 16, 2022 |
| Elliott Alto Co-Investor Aggregator L.P. | LP Interest | September 28, 2022 |
| Equity NewCo S.A. (dba Netceed) | Common Equity | January 29, 2026 |
| Evolution Parent, LP (dba SIAA) | LP Interest | April 30, 2021 |
| Fifth Season Investments LLC\*\* | Specialty finance equity investment | October 17, 2022 |
| Gloves Holdings, LP (dba Protective Industrial Products) | LP Interest | December 28, 2020 |
| GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway) | LP Interest | December 16, 2021 |
| Hercules Buyer, LLC (dba The Vincit Group) | Common Units | December 15, 2020 |
| Hissho Sushi Holdings, LLC | Class A Units | May 17, 2022 |
| Hockey Parent Holdings, L.P. | Class A Common Units | September 14, 2023 |
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC) | LP Interest | June 8, 2022 |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **Investment** | **Acquisition Date** |
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.) | Perpetual Preferred Stock | June 22, 2022 |
| KOBHG Holdings, L.P. (dba OB Hospitalist) | Class A Interests | September 27, 2021 |
| KPCI Co-Invest 2, L.P. | Class A Units | October 15, 2025 |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) | Class A Interest | December 12, 2023 |
| KWOR Intermediate I, Inc. (dba Alacrity Solutions) | Preferred Stock | February 28, 2025 |
| KWOR Intermediate I, Inc. (dba Alacrity Solutions) | Class A-1 Common Stock | February 28, 2025 |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group) | Common Equity | January 8, 2025 |
| LSI Financing 1 DAC\*\* | Specialty finance equity investment | December 14, 2022 |
| LSI Financing LLC\*\* | Specialty finance equity investment | November 25, 2024 |
| Maia Aggregator, LP | Class A-2 Units | February 1, 2022 |
| Metis HoldCo, Inc. (dba Mavis Tire Express Services) | Series A Convertible Preferred Stock | May 3, 2021 |
| Minerva Holdco, Inc. | Senior A Preferred Stock | February 14, 2022 |
| ModMed Software Midco Holdings, Inc. (dba ModMed) | Series A Preferred Units | April 30, 2025 |
| Notorious Purchaser II, Inc. (dba Beauty Industry Group)\*\* | Class B Common Stock | December 19, 2025 |
| Nova Women's Health Partners Holdings, LP | Class A Units | January 28, 2026 |
| Nscale Global Holdings Limited | Series B Preferred Shares | September 29, 2025 |
| Nscale Global Holdings Limited | Preferred equity | September 29, 2025 |
| OCIC SLF LLC (fka Blue Owl Credit Income Senior Loan Fund LLC)\* | LLC Interest | November 2, 2022 |
| Orange Blossom Parent, Inc. | Common Units | July 29, 2022 |
| OWL-HP FINANCE LLC\* | Specialty finance equity investment | February 9, 2026 |
| Paradigmatic Holdco LLC (dba Pluralsight) | Common stock | August 22, 2024 |
| Patriot Holdings SCSp (dba Corza Health, Inc.) | Class A Units | January 29, 2021 |
| Patriot Holdings SCSp (dba Corza Health, Inc.) | Class B Units | January 29, 2021 |
| PCF Holdco, LLC (dba Trucordia) | Preferred equity | February 16, 2023 |
| PCF Holdco, LLC (dba Trucordia) | Warrants | February 16, 2023 |
| Percheron Horsepower-A LP (dba Big Brand Tire & Service) | Limited Partner Interest | September 23, 2025 |
| Polar Investors LP (dba Dentalcorp) | Common Equity | January 13, 2026 |
| Project Alpine Co-Invest Fund, LP | LP Interest | June 13, 2022 |
| Project Hotel California Co-Invest Fund, L.P. | LP Interest | August 9, 2022 |
| Rhea Acquisition Holdings, LP | Series A-2 Units | February 18, 2022 |
| Rome Topco Holdings, LLC (dba SimpliSafe) | Class A Units | November 6, 2025 |
| Rome Topco Holdings, LLC (dba SimpliSafe) | Class B Units | November 6, 2025 |
| Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers) | Series A Preferred Stock | November 15, 2023 |
| Snowbird Manager LP | Limited Partner Interest | December 17, 2025 |
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.) | Series A Preferred Stock | October 14, 2021 |
| TCB Holdings I LLC (dba TricorBraun) | Class A Preferred Units | January 31, 2025 |
| Thunder Topco L.P. (dba Vector Solutions) | Common Units | June 30, 2021 |
| Valor Cl Blocker Feeder LP | LP Interest | October 3, 2025 |
| VCI Intermediate TopCo 1 LLC | Class B Units | November 17, 2025 |
| VEPF VIII Co-Invest 8-A, L.P. | Limited Partner Interest | March 5, 2026 |
| Vestwell Holdings Inc. | Series D Preferred Stock | December 20, 2023 |
| Vestwell Holdings Inc. | Series E Preferred Stock | January 30, 2026 |
| Vestwell Holdings Inc. | Warrants | January 30, 2026 |
| Wingspire Capital Holdings LLC\*\* | Specialty finance equity investment | November 7, 2025 |
| WMC Bidco, Inc. (dba West Monroe) | Senior Preferred Stock | November 9, 2021 |
| WP Irving Co-Invest, L.P. | Partnership Units | May 18, 2022 |
| XOMA Corporation | Warrants | December 15, 2023 |
| Zoro TopCo, Inc. | Series A Preferred Equity | November 22, 2022 |
| Zoro TopCo, L.P. | Class A Common Units | November 22, 2022 |

---

\*Refer to *"Note 4 — Investments - OCIC SLF LLC, Credit SLF and Blue Owl Leasing"*, for further information.

\*\* Refer to *"Note 3 — Agreements and Related Party Transactions - Controlled/Affiliated Portfolio Companies."*

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of March 31, 2026**

**(Amounts in thousands, except share amounts)**

**Unaudited**

<sup>(31)</sup> This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of March 31, 2026, non-qualifying assets represented 14.0% of total assets as calculated in accordance with the regulatory requirements.

<sup>(32)</sup> We invest in this portfolio company through underlying blocker entities Hercules Blocker 1 LLC, Hercules Blocker 2 LLC, Hercules Blocker 3 LLC, Hercules Blocker 4 LLC, and Hercules Blocker 5 LLC.

<sup>(33)</sup> Reserved.

<sup>(34)</sup> Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC) ("BOCSO"), was formed to hold alternative credit assets, including asset-based finance ("ABF"). ABF is a subsector of private credit focused on generating income from pools of financial, physical or other assets. As of March 31, 2026, the portfolio consists of five investments totaling $1.03 billion at cost and fair value, respectively, ranging in cost from $24.9 million to $379.6 million and with a fair value ranging from $24.7 million to $378.0 million. The largest investment is 36.9% of the total cost of BOCSO's portfolio. As of March 31, 2026 the portfolio asset class composition was 65.6% ABF - Specialty finance, 32.0% ABF - Leasing, and 2.4% ABF - Commercial Real Estate.

The accompanying notes are an integral part of these consolidated financial statements.

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| **Non-controlled/non-affiliated portfolio company investments** | **Non-controlled/non-affiliated portfolio company investments** | | | | | | | | |
| **Debt Investments(7)** | | | | | | | | | |
| **Advertising and media** | | | | | | | | | |
| DIRECTV Financing, LLC(9) | First lien senior secured loan | S+ | 5.25% |  | 8/2029 | 43847 | $43800 | $43943 |  |
| IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(3)(4)(8) | First lien senior secured loan | S+ | 4.25% |  | 12/2029 | 267492 | 267140 | 267492 |  |
| Monotype Imaging Holdings Inc.(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.25% |  | 2/2031 | 169392 | 168341 | 169392 |  |
|  |  |  |  |  |  |  | 479281 | 480827 | 2.4% |
| **Aerospace and defense** |  |  |  |  |  |  |  |  |  |
| Horizon Avionics Buyer, LLC (dba Acron Aviation)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 3/2032 | 119846 | 119247 | 119247 |  |
| Horizon Avionics Buyer, LLC (dba Acron Aviation)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.39% |  | 3/2032 | 4394 | 4273 | 4270 |  |
| Jeppesen Holdings, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 10/2032 | 16637 | 16515 | 16513 |  |
| ManTech International Corporation(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 9/2029 | 14459 | 14459 | 14459 |  |
| Novaria Holdings, LLC(8) | First lien senior secured loan | S+ | 3.25% |  | 6/2031 | 19027 | 19022 | 19004 |  |
| Peraton Corp.(3)(9) | Second lien senior secured loan | S+ | 7.75% |  | 2/2029 | 4831 | 4798 | 3784 |  |
| STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 10/2031 | 134166 | 133591 | 132824 |  |
| STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% |  | 10/2030 | 10702 | 10646 | 10552 |  |
|  |  |  |  |  |  |  | 322551 | 320653 | 1.6% |
| **Asset based lending and fund finance** |  |  |  |  |  |  |  |  |  |
| Hg Genesis 9 SumoCo Limited(3)(4)(14)(31) | Unsecured facility | E+ |  | 6.25% | 3/2029 | 137861 | 146657 | 161911 |  |
| Hg Saturn Luchaco Limited(3)(4)(19)(31) | Unsecured facility | SA+ |  | 8.25% | 3/2027 | £723 | 923 | 973 |  |
|  |  |  |  |  |  |  | 147580 | 162884 | 0.8% |
| **Automotive aftermarket** |  |  |  |  |  |  |  |  |  |
| OAC Holdings I Corp. (dba Omega Holdings)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 3/2029 | 8315 | 8225 | 8190 |  |
|  |  |  |  |  |  |  | 8225 | 8190 | —% |
| **Automotive services** |  |  |  |  |  |  |  |  |  |
| MAJCO LLC (dba Big Brand Tire & Service)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% |  | 9/2032 | 423946 | 421155 | 422886 |  |
| Mavis Tire Express Services Topco Corp.(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 5/2028 | 43714 | 43559 | 43854 |  |
| McQueen Bidco PTY LTD. (dba Infomedia)(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 29342 | 29269 | 29269 |  |
| Spotless Brands, LLC(3)(4)(10) | First lien senior secured loan | S+ | 5.75% |  | 7/2028 | 80882 | 80362 | 80882 |  |
| Spotless Brands, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 5.00% |  | 7/2028 | 11844 | 11524 | 11493 |  |
| Spotless Brands, LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.75% |  | 7/2028 | 449 | 436 | 449 |  |
| Wand Newco 3, Inc. (dba Caliber)(3)(8) | First lien senior secured loan | S+ | 2.50% |  | 1/2031 | 21343 | 21199 | 21354 |  |
|  |  |  |  |  |  |  | 607504 | 610187 | 3.1% |
| **Buildings and real estate** |  |  |  |  |  |  |  |  |  |
| Associations Finance, Inc.(3)(4)(6) | Unsecured notes | N/A |  | 14.25% | 5/2030 | 189630 | 188690 | 189630 |  |
| Associations, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.50% |  | 7/2028 | 535763 | 535103 | 535763 |  |
| CoreLogic Inc.(8) | First lien senior secured loan | S+ | 3.50% |  | 6/2028 | 23593 | 23261 | 23584 |  |
| Dodge Construction Network LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 2/2029 | 10379 | 8737 | 8252 |  |
| Dodge Construction Network LLC(3)(9) | First lien senior secured loan | S+ | 6.25% |  | 1/2029 | 7485 | 7370 | 7504 |  |
| RealPage, Inc.(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 4/2028 | 18171 | 18161 | 18147 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| RealPage, Inc.(3)(9) | First lien senior secured loan | S+ | 3.75% |  | 4/2028 | 25656 | 25547 | 25713 |  |
| Wrench Group LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 9/2032 | 237629 | 236254 | 236441 |  |
| Wrench Group LLC(3)(4)(12)(22) | First lien senior secured revolving loan | P+ | 3.75% |  | 9/2031 | 6049 | 5865 | 5887 |  |
|  |  |  |  |  |  |  | 1048988 | 1050921 | 5.3% |
| **Business services** |  |  |  |  |  |  |  |  |  |
| Access CIG, LLC(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 8/2030 | 78207 | 78207 | 75274 |  |
| Accommodations Plus Technologies LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 5/2032 | 8105 | 8029 | 7983 |  |
| Aurelia Netherlands B.V.(3)(4)(14)(31) | First lien senior secured EUR term loan | E+ | 4.75% |  | 5/2031 | 55027 | 62192 | 64626 |  |
| Boxer Parent Company Inc. (f/k/a BMC)(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 7/2031 | 78463 | 78207 | 78196 |  |
| Capstone Acquisition Holdings, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 11/2029 | 86289 | 85798 | 86074 |  |
| CMG HoldCo, LLC (dba Crete United)(3)(4)(10)(22) | First lien senior secured loan | S+ | 4.50% |  | 11/2030 | 52956 | 52468 | 52807 |  |
| ConnectWise, LLC(3)(9) | First lien senior secured loan | S+ | 3.50% |  | 9/2028 | 50574 | 50593 | 49593 |  |
| CoolSys, Inc.(3)(9) | First lien senior secured loan | S+ | 4.75% |  | 8/2028 | 13595 | 13026 | 12015 |  |
| CoreTrust Purchasing Group LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 10/2029 | 129057 | 128181 | 129057 |  |
| DuraServ LLC(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 6/2031 | 219810 | 218621 | 217462 |  |
| DuraServ LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 4.75% |  | 6/2030 | 3234 | 3144 | 2992 |  |
| Hercules Borrower, LLC (dba The Vincit Group)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 12/2028 | 148032 | 147631 | 148032 |  |
| Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(6)(32) | Unsecured notes | N/A |  | 0.48% | 12/2029 | 24 | 24 | 35 |  |
| Kaseya Inc.(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 3/2032 | 79400 | 79039 | 79408 |  |
| Kaseya Inc.(3)(8) | Second lien senior secured loan | S+ | 5.00% |  | 3/2033 | 25172 | 25038 | 24580 |  |
| KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 10/2028 | 100139 | 99222 | 90877 |  |
| KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 5.75% |  | 10/2028 | 72 | 71 | 66 |  |
| Ping Identity Holding Corp.(3)(9) | First lien senior secured loan | S+ | 2.75% |  | 11/2032 | 35000 | 34914 | 35046 |  |
| Plano HoldCo, Inc. (dba Perficient)(3)(4)(9) | First lien senior secured loan | S+ | 3.50% |  | 10/2031 | 24813 | 24708 | 24006 |  |
| Plusgrade Inc.(3)(8)(31) | First lien senior secured loan | S+ | 3.50% |  | 3/2031 | 23585 | 23585 | 23585 |  |
| Red Planet Borrower, LLC (dba Liftoff Mobile)(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 8/2032 | 62000 | 61464 | 62056 |  |
| XPLOR T1, LLC(3)(4)(9) | First lien senior secured loan | S+ | 3.50% |  | 12/2032 | 91770 | 91312 | 91770 |  |
|  |  |  |  |  |  |  | 1365474 | 1355540 | 6.9% |
| **Chemicals** |  |  |  |  |  |  |  |  |  |
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(3)(4)(8) | First lien senior secured loan | S+ | 4.00% |  | 11/2027 | 18867 | 18723 | 17169 |  |
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(3)(4)(8) | Second lien senior secured loan | S+ | 7.75% |  | 11/2028 | 40137 | 40130 | 35823 |  |
| Derby Buyer LLC (dba Delrin)(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2030 | 44492 | 44492 | 44599 |  |
| DCG ACQUISITION CORP. (dba DuBois Chemical)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 6/2031 | 106360 | 105468 | 105273 |  |
| Gaylord Chemical Company, L.L.C.(3)(4)(9) | First lien senior secured loan | S+ | 5.75% |  | 12/2027 | 185087 | 184342 | 184624 |  |
| Gaylord Chemical Company, L.L.C.(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.50% |  | 12/2027 | 2463 | 2461 | 2453 |  |
| Rocket BidCo, Inc. (dba Recochem)(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.75% |  | 11/2030 | 353542 | 347877 | 353542 |  |
| Velocity HoldCo III Inc. (dba VelocityEHS)(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 5/2029 | 4043 | 4043 | 4043 |  |
| Nouryon Finance B.V.(3)(10)(31) | First lien senior secured loan | S+ | 3.25% |  | 4/2028 | 12360 | 12360 | 12350 |  |
|  |  |  |  |  |  |  | 759896 | 759876 | 3.8% |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| **Consumer products** | | | | | | | | | |
| ACP Tara Holdings, Inc. (dba Arcadia)(3)(4)(9) | First lien senior secured loan | S+ | 3.25% |  | 12/2032 | 5000 | 4988 | 5025 |  |
| Beach Acquisition Bidco, LLC (dba Skechers)(9) | First lien senior secured loan | S+ | 3.25% |  | 7/2032 | 35000 | 34919 | 35242 |  |
| Conair Holdings LLC(3)(8) | First lien senior secured loan | S+ | 3.75% |  | 5/2028 | 44453 | 44214 | 22782 |  |
| Conair Holdings LLC(3)(4)(8) | Second lien senior secured loan | S+ | 7.50% |  | 5/2029 | 22591 | 22400 | 10166 |  |
| Foundation Consumer Brands, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 2/2029 | 123762 | 122814 | 123143 |  |
| Lignetics Investment Corp.(3)(4)(9) | First lien senior secured loan | S+ | 5.75% |  | 11/2027 | 95236 | 95085 | 94997 |  |
| Olaplex, Inc.(9)(31) | First lien senior secured loan | S+ | 3.50% |  | 2/2029 | 20457 | 20291 | 19849 |  |
| SWK BUYER, Inc. (dba Stonewall Kitchen)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 3/2029 | 57875 | 57267 | 56138 |  |
| WU Holdco, Inc. (dba PurposeBuilt Brands)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 4/2032 | 190400 | 189932 | 190400 |  |
|  |  |  |  |  |  |  | 591910 | 557742 | 2.8% |
| **Containers and packaging** |  |  |  |  |  |  |  |  |  |
| Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 1/2032 | 165598 | 164905 | 165598 |  |
| Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.25% |  | 1/2031 | 2130 | 2080 | 2130 |  |
| Ascend Buyer, LLC (dba PPC Flexible Packaging)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 9/2028 | 91649 | 90963 | 91649 |  |
| Berlin Packaging(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 6/2031 | 87021 | 86976 | 87187 |  |
| Clydesdale Acquisition Holdings, Inc. (dba Novolex)(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 3/2032 | 99219 | 98492 | 99090 |  |
| Fortis Solutions Group, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 10/2028 | 65597 | 64965 | 64285 |  |
| Fortis Solutions Group, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.30% |  | 10/2027 | 1968 | 1928 | 1833 |  |
| Indigo Buyer, Inc. (dba Inovar Packaging Group)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 5/2028 | 128428 | 127782 | 128428 |  |
| Mauser Packaging Solutions Holding Company(8) | First lien senior secured loan | S+ | 3.50% |  | 4/2030 | 45000 | 44557 | 44015 |  |
| Pregis Topco LLC(3)(4)(8) | Second lien senior secured loan | S+ | 7.75% |  | 8/2029 | 2500 | 2500 | 2500 |  |
| Pregis Topco LLC(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 2/2029 | 16570 | 16534 | 16697 |  |
| Pregis Topco LLC(3)(4)(8) | Second lien senior secured loan | S+ | 6.75% |  | 8/2029 | 30000 | 30000 | 30000 |  |
| ProAmpac PG Borrower LLC(3)(9) | First lien senior secured loan | S+ | 4.00% |  | 9/2028 | 63494 | 63511 | 63532 |  |
| SupplyOne, Inc.(3)(8) | First lien senior secured loan | S+ | 3.50% |  | 4/2031 | 2992 | 3000 | 2997 |  |
| Tricorbraun Holdings, Inc.(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 3/2028 | 73993 | 73702 | 71448 |  |
|  |  |  |  |  |  |  | 871895 | 871389 | 4.4% |
| **Distribution** |  |  |  |  |  |  |  |  |  |
| ABB/Con-cise Optical Group LLC(3)(4)(9) | First lien senior secured loan | S+ | 7.50% |  | 2/2028 | 33306 | 33089 | 33057 |  |
| AI Aqua Merger Sub, Inc. (dba Culligan)(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 7/2028 | 15945 | 15945 | 15973 |  |
| Aramsco, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 10/2030 | 49590 | 48894 | 33225 |  |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 12/2030 | 92470 | 92465 | 91351 |  |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(4)(8) | Second lien senior secured loan | S+ | 5.25% |  | 12/2031 | 285000 | 283041 | 281438 |  |
| BradyPLUS Holdings, LLC (f/k/a BradyIFS Holdings, LLC)(3)(9) | First lien senior secured loan | S+ | 3.50% |  | 12/2030 | 185000 | 182226 | 182836 |  |
| Dealer Tire Financial, LLC(4)(6) | Unsecured notes | N/A | 8.00% |  | 2/2028 | 56120 | 55564 | 55839 |  |
| Dealer Tire Financial, LLC(8) | First lien senior secured loan | S+ | 3.00% |  | 7/2031 | 30035 | 30035 | 29999 |  |
| Endries Acquisition, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 12/2028 | 107721 | 107211 | 106104 |  |
| Formerra, LLC(3)(4)(8) | First lien senior secured loan | S+ | 7.25% |  | 11/2028 | 5310 | 5215 | 5310 |  |
| Offen, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 7/2030 | 16927 | 16771 | 16758 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| White Cap Supply Holdings, LLC(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 10/2029 | 40875 | 40724 | 41030 |  |
|  |  |  |  |  |  |  | 911180 | 892920 | 4.5% |
| **Education** |  |  |  |  |  |  |  |  |  |
| Ellucian Holdings Inc. (f/k/a Sophia, L.P.)(8) | Second lien senior secured loan | S+ | 4.75% |  | 11/2032 | 10000 | 9978 | 10066 |  |
| Learning Care Group (US) No. 2 Inc.(3)(9) | First lien senior secured loan | S+ | 4.00% |  | 8/2028 | 41794 | 41782 | 34585 |  |
| Renaissance Learning, Inc.(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 4/2030 | 2 | 1 | 1 |  |
| Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8) | First lien senior secured loan | S+ | 2.50% | 2.25% | 10/2031 | 131674 | 130525 | 130028 |  |
| Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22) | First lien senior secured delayed draw term loan | S+ | 4.75% |  | 10/2031 | 5732 | 5594 | 5499 |  |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 10/2030 | 15031 | 15031 | 15094 |  |
|  |  |  |  |  |  |  | 202911 | 195273 | 1.0% |
| **Energy equipment and services** |  |  |  |  |  |  |  |  |  |
| Dresser Utility Solutions, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.25% |  | 3/2029 | 88959 | 88341 | 88959 |  |
|  |  |  |  |  |  |  | 88341 | 88959 | 0.5% |
| **Financial services** |  |  |  |  |  |  |  |  |  |
| Ascensus Holdings, Inc.(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2032 | 26701 | 26636 | 26655 |  |
| Baker Tilly Advisory Group, LP(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 6/2031 | 112859 | 111457 | 112859 |  |
| Baker Tilly Advisory Group, LP(3)(4)(8) | First lien senior secured loan | S+ | 4.25% |  | 6/2031 | 167908 | 167108 | 167068 |  |
| BCPE Pequod Buyer, Inc. (dba Envestnet)(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2031 | 27314 | 27220 | 27357 |  |
| Blackhawk Network Holdings, Inc.(3)(9) | First lien senior secured loan | S+ | 4.00% |  | 3/2029 | 122142 | 122142 | 122606 |  |
| BTRS Holdings Inc. (dba Billtrust)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% |  | 12/2028 | 32298 | 32049 | 32298 |  |
| Citrin Cooperman Advisors LLC(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 4/2032 | 2244 | 2234 | 2250 |  |
| Cohnreznick Advisory LLC(3)(9) | First lien senior secured loan | S+ | 3.50% |  | 3/2032 | 42525 | 42346 | 42657 |  |
| Continental Finance Company, LLC(3)(4)(8) | First lien senior secured loan | S+ | 8.00% |  | 3/2029 | 13250 | 13140 | 13151 |  |
| Computer Services, Inc. (dba CSI)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 11/2031 | 143717 | 142870 | 143717 |  |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 6/2030 | 39660 | 39172 | 39660 |  |
| Deerfield Dakota Holdings(3)(4)(9) | First lien senior secured loan | S+ | 3.00% | 2.75% | 9/2032 | 506045 | 503623 | 503515 |  |
| EP Wealth Advisors, LLC(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 10/2032 | 10000 | 9976 | 10025 |  |
| Finastra USA, Inc.(3)(9)(31) | First lien senior secured loan | S+ | 4.00% |  | 9/2032 | 175000 | 173306 | 171063 |  |
| Finastra USA, Inc.(3)(4)(9)(31) | First lien senior secured loan | S+ | 7.25% |  | 9/2029 | 45052 | 44717 | 45390 |  |
| First Eagle Holdings, Inc.(3)(9) | First lien senior secured loan | S+ | 3.50% |  | 8/2032 | 25625 | 25257 | 25571 |  |
| Klarna Holding AB(3)(4)(9)(31) | Subordinated Floating Rate Notes | S+ | 7.00% |  | 4/2034 | 1000 | 1000 | 1000 |  |
| KRIV Acquisition Inc. (dba Riveron)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 7/2031 | 81942 | 79982 | 81942 |  |
| ML Holdco, Inc. (dba Meridian Link)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 10/2032 | 30798 | 30648 | 30644 |  |
| Minotaur Acquisition, Inc. (dba Inspira Financial)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 6/2030 | 436723 | 433198 | 436723 |  |
| NMI Acquisitionco, Inc. (dba Network Merchants)(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 9/2028 | 12052 | 12028 | 12052 |  |
| OneDigital Borrower LLC(3)(8) | Second lien senior secured loan | S+ | 5.25% |  | 7/2032 | 33800 | 33657 | 34033 |  |
| OneDigital Borrower LLC(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 7/2031 | 20005 | 20005 | 20031 |  |
| Orion US Finco Inc. (dba OSTTRA)(3)(8)(31) | First lien senior secured loan | S+ | 3.50% |  | 5/2032 | 10500 | 10451 | 10543 |  |
| Pushpay USA Inc(3)(4)(10)(31) | First lien senior secured loan | S+ | 3.75% |  | 8/2031 | 9034 | 9034 | 8988 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| Saphilux S.a.r.L. (dba IQ-EQ)(3)(10)(31) | First lien senior secured loan | S+ | 3.00% |  | 7/2028 | 40864 | 40864 | 41093 |  |
| Smarsh Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 2/2029 | 112552 | 111957 | 111956 |  |
| Wipfli Advisory LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 10/2032 | 61606 | 61457 | 61429 |  |
|  |  |  |  |  |  |  | 2327534 | 2336276 | 11.8% |
| **Food and beverage** |  |  |  |  |  |  |  |  |  |
| Balrog Acquisition, Inc. (dba Bakemark)(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 9/2028 | 25054 | 24199 | 20732 |  |
| Balrog Acquisition, Inc. (dba Bakemark)(3)(4)(8) | Second lien senior secured loan | S+ | 7.00% |  | 9/2029 | 6000 | 5972 | 4830 |  |
| Blast Bidco Inc. (dba Bazooka Candy Brands)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% |  | 10/2030 | 35194 | 34530 | 35194 |  |
| Dessert Holdings(8) | First lien senior secured loan | S+ | 4.00% |  | 6/2028 | 26149 | 26074 | 26008 |  |
| Eagle Family Foods Group LLC(3)(4)(10) | First lien senior secured loan | S+ | 5.00% |  | 8/2030 | 162732 | 161408 | 162732 |  |
| Fiesta Purchaser, Inc. (dba Shearer's Foods)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 2.75% |  | 2/2029 | 1938 | 1706 | 1915 |  |
| Gehl Foods, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.25% |  | 6/2030 | 135978 | 134803 | 135978 |  |
| Hissho Parent, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 5/2029 | 149564 | 148864 | 149564 |  |
| Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(3)(4)(8) | First lien senior secured loan | S+ | 6.25% |  | 3/2027 | 52493 | 52232 | 52362 |  |
| KBP Brands, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 5/2027 | 55575 | 55328 | 54464 |  |
| Ole Smoky Distillery, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 3/2028 | 29859 | 29585 | 28291 |  |
| Rushmore Investment III LLC (dba Winland Foods)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 10/2030 | 506877 | 502793 | 506877 |  |
| Savor Acquisition, Inc. (dba Sauer Brands)(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 2/2032 | 20685 | 20640 | 20754 |  |
| Snacking Investments US LLC (dba Arnott's Group)(3)(9)(31) | First lien senior secured loan | S+ | 3.00% |  | 10/2032 | 14000 | 13966 | 14070 |  |
| The Better Being Co., LLC (fka Nutraceutical International Corporation)(3)(4)(8) | First lien senior secured loan | S+ | 6.00% |  | 12/2029 | 169550 | 167869 | 167854 |  |
| Tacala, LLC(8) | First lien senior secured loan | S+ | 3.00% |  | 1/2031 | 54948 | 54826 | 55283 |  |
| Vital Bidco AB (dba Vitamin Well)(3)(4)(8)(31) | First lien senior secured loan | S+ | 4.25% |  | 10/2031 | 224343 | 220675 | 224343 |  |
|  |  |  |  |  |  |  | 1655470 | 1661251 | 8.4% |
| **Healthcare equipment and services** |  |  |  |  |  |  |  |  |  |
| Arctic US Bidco, Inc. (dba ThermoSafe)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 11/2032 | 82014 | 81611 | 81604 |  |
| Bamboo US BidCo LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 9/2030 | 126448 | 126201 | 126448 |  |
| Bamboo US BidCo LLC(3)(4)(8)(22) | First lien senior secured delayed draw term loan | S+ | 5.06% |  | 9/2030 | 11195 | 11085 | 11195 |  |
| Bamboo US BidCo LLC(3)(4)(14) | First lien senior secured EUR term loan | E+ | 5.00% |  | 9/2030 | 60993 | 64167 | 71633 |  |
| Cadence, Inc.(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 5/2028 | 11805 | 11805 | 11770 |  |
| Cadence, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.25% |  | 5/2028 | 2383 | 2383 | 2383 |  |
| Canadian Hospital Specialties Limited(3)(4)(21)(31) | First lien senior secured loan | C+ | 4.50% |  | 4/2028 | 4784 | 3794 | 3456 |  |
| Canadian Hospital Specialties Limited(3)(4)(21)(22)(31) | First lien senior secured revolving loan | C+ | 4.50% |  | 4/2027 | 322 | 256 | 231 |  |
| Cambrex Corporation(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% |  | 3/2032 | 224180 | 221898 | 224180 |  |
| Confluent Medical Technologies, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.00% |  | 2/2029 | 64097 | 64097 | 64417 |  |
| Creek Parent, Inc. (dba Catalent)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 12/2031 | 292369 | 287825 | 290907 |  |
| CSC MKG Topco LLC (dba Medical Knowledge Group)(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 2/2029 | 97757 | 96715 | 97757 |  |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(3)(4)(14) | First lien senior secured EUR term loan | E+ | 5.50% |  | 3/2031 | 55076 | 58929 | 63714 |  |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(3)(4)(13)(22) | First lien senior secured EUR revolving loan | E+ | 5.50% |  | 3/2031 | 352 | 411 | 342 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| Nelipak Holding Company(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% |  | 3/2031 | 48804 | 48236 | 48038 |  |
| Nelipak Holding Company(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.50% |  | 3/2031 | 1319 | 1221 | 1188 |  |
| NSM Top Holdings Corp. (dba National Seating & Mobility)(3)(4)(9) | First lien senior secured loan | S+ | 4.25% |  | 5/2029 | 9975 | 9950 | 10000 |  |
| Packaging Coordinators Midco, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 10/2032 | 516583 | 510067 | 514000 |  |
| Packaging Coordinators Midco, Inc.(3)(4)(19) | First lien senior secured delayed draw term loan | SA+ | 4.75% |  | 10/2032 | £44486 | 58535 | 59537 |  |
| Packaging Coordinators Midco, Inc.(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 4.50% |  | 1/2032 | 2825 | 2815 | 2808 |  |
| Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.)(3)(4)(9)(22)(31) | First lien senior secured loan | S+ | 4.75% |  | 1/2028 | 150630 | 150227 | 150630 |  |
| Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.)(3)(4)(8)(31) | First lien senior secured delayed draw term loan | S+ | 4.75% |  | 1/2028 | 13445 | 13404 | 13445 |  |
| PerkinElmer U.S. LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 3/2029 | 186674 | 186351 | 186674 |  |
| Resonetics, LLC(3)(9) | First lien senior secured loan | S+ | 2.75% |  | 6/2031 | 39800 | 39800 | 39840 |  |
| Rhea Parent, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 12/2030 | 201279 | 200774 | 199266 |  |
| TBRS, Inc. (dba TEAM Technologies)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 11/2031 | 155875 | 155131 | 155095 |  |
| Zest Acquisition Corp.(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 2/2028 | 19336 | 19336 | 18901 |  |
|  |  |  |  |  |  |  | 2427024 | 2449459 | 12.4% |
| **Healthcare providers and services** |  |  |  |  |  |  |  |  |  |
| Allied Benefit Systems Intermediate LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 10/2030 | 36213 | 36135 | 36032 |  |
| Anesthesia Consulting & Management, LP(3)(4)(10) | First lien senior secured loan | S+ | 5.00% |  | 12/2032 | 53841 | 53488 | 53302 |  |
| Atlas Borrower, LLC (dba Anovo)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 9/2032 | 94017 | 93110 | 93077 |  |
| Belmont Buyer, Inc. (dba Valenz)(3)(4)(9) | First lien senior secured loan | S+ | 6.50% |  | 6/2029 | 67923 | 67022 | 67923 |  |
| Belmont Buyer, Inc. (dba Valenz)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 6/2029 | 47703 | 47412 | 47588 |  |
| Bristol Hospice L.L.C.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 8/2032 | 201521 | 200550 | 201521 |  |
| Commander Buyer, Inc. (dba CenExel)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 6/2032 | 123490 | 122854 | 123490 |  |
| Confluent Health, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 11/2028 | 19650 | 19262 | 17734 |  |
| Covetrus, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 10/2029 | 34947 | 33911 | 32501 |  |
| Covetrus, Inc.(3)(4)(9) | Second lien senior secured loan | S+ | 9.25% |  | 10/2030 | 160000 | 157652 | 154800 |  |
| D4C Dental Brands, Inc.(4)(10)(22) | First lien senior secured loan | S+ | 4.50% |  | 11/2029 | 140814 | 139734 | 140442 |  |
| Engage Debtco Limited(4)(9)(31) | First lien senior secured loan | S+ | 3.02% | 4.00% | 7/2029 | 33397 | 32819 | 32479 |  |
| Engage Debtco Limited(3)(4)(9)(31) | First lien senior secured loan | S+ | 3.18% | 2.75% | 7/2029 | 64646 | 63753 | 61253 |  |
| Engage Debtco Limited(3)(4)(9)(31) | First lien senior secured delayed draw term loan | S+ | 3.08% | 2.75% | 7/2029 | 20993 | 20741 | 19891 |  |
| EresearchTechnology, Inc. (dba Clario)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 1/2032 | 210617 | 208617 | 210617 |  |
| Ex Vivo Parent Inc. (dba OB Hospitalist)(3)(4)(8) | First lien senior secured loan | S+ |  | 9.50% | 9/2028 | 47970 | 47666 | 47970 |  |
| KABAFUSION Parent, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 11/2031 | 111288 | 110286 | 111288 |  |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% |  | 12/2029 | 270538 | 267527 | 269861 |  |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)(3)(4)(10)(22) | First lien senior secured loan | S+ | 4.00% |  | 9/2030 | 82838 | 82492 | 82838 |  |
| Maple Acquisition, LLC (dba Medicus)(3)(4)(10) | First lien senior secured loan | S+ | 4.75% |  | 5/2031 | 92358 | 91787 | 92358 |  |
| MED ParentCo, LP(8) | First lien senior secured loan | S+ | 3.00% |  | 4/2031 | 24813 | 24813 | 24860 |  |
| Natural Partners, LLC(3)(4)(9)(31) | First lien senior secured loan | S+ | 4.50% |  | 11/2030 | 162585 | 161139 | 162585 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| Neptune Holdings, Inc. (dba NexTech)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 8/2030 | 30265 | 30136 | 30189 |  |
| OB Hospitalist Group, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.25% |  | 9/2027 | 67724 | 67192 | 67724 |  |
| OneOncology, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 6/2030 | 242024 | 240906 | 242024 |  |
| OneOncology, LLC(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 5.00% |  | 6/2030 | 123673 | 122936 | 123673 |  |
| OneOncology, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 4.50% |  | 6/2030 | 31686 | 31246 | 31231 |  |
| Pacific BidCo Inc.(3)(4)(10)(31) | First lien senior secured loan | S+ | 5.75% |  | 8/2029 | 190416 | 187708 | 189941 |  |
| Pediatric Associates Holding Company, LLC(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 12/2028 | 31896 | 31160 | 31134 |  |
| Pediatric Associates Holding Company, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2028 | 27138 | 26427 | 27138 |  |
| PetVet Care Centers, LLC(3)(4)(8) | First lien senior secured loan | S+ | 6.00% |  | 11/2030 | 238106 | 236286 | 214295 |  |
| PetVet Care Centers, LLC(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.00% |  | 11/2029 | 3326 | 3119 |  |  |
| Phoenix Newco, Inc. (dba Parexel)(3)(8) | First lien senior secured loan | S+ | 2.75% |  | 12/2031 | 7000 | 6979 | 7019 |  |
| PG Buyer, LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 9/2031 | 29509 | 29226 | 29361 |  |
| Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 9/2031 | 88525 | 87766 | 88525 |  |
| Physician Partners, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.00% |  | 12/2029 | 176323 | 167759 | 158250 |  |
| Physician Partners, LLC(3)(9) | First lien senior secured loan | S+ | 1.50% | 2.50% | 12/2029 | 18108 | 11957 | 8534 |  |
| Physician Partners, LLC(4)(9) | First lien senior secured loan | S+ | 3.00% | 2.50% | 12/2029 | 82890 | 57870 | 41859 |  |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28)(29) | First lien senior secured loan | S+ | 5.75% |  | 5/2029 | 112522 | 105818 | 87205 |  |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28)(29) | First lien senior secured delayed draw term loan | S+ | 6.25% |  | 5/2029 | 4260 | 3989 | 3301 |  |
| Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28)(29) | First lien senior secured revolving loan | S+ | 5.75% |  | 5/2028 | 12799 | 12076 | 9920 |  |
| PPV Intermediate Holdings, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.75% |  | 8/2029 | 162428 | 160357 | 160268 |  |
| PPV Intermediate Holdings, LLC(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 6.00% |  | 8/2029 | 9947 | 9880 | 9872 |  |
| Premise Health Holding Corp.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 11/2032 | 101047 | 100565 | 100035 |  |
| Quva Pharma, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 3.00% | 4/2028 | 5872 | 5800 | 5695 |  |
| Quva Pharma, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 3.00% | 4/2026 | 450 | 448 | 436 |  |
| Quva Pharma, Inc.(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.50% |  | 4/2026 | 336 | 336 | 323 |  |
| SCHP Purchaser, Inc. (dba St. Croix Hospice)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 10/2032 | 119308 | 118139 | 118115 |  |
| SimonMed, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 2/2032 | 270211 | 268882 | 268150 |  |
| SimonMed, Inc.(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.55% |  | 2/2031 | 13810 | 13679 | 13580 |  |
| Soleo Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 2/2032 | 108560 | 108072 | 108560 |  |
| Soliant Lower Intermediate, LLC (dba Soliant)(3)(10) | First lien senior secured loan | S+ | 3.75% |  | 7/2031 | 64236 | 62000 | 51549 |  |
| Tivity Health, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 6/2029 | 74263 | 74264 | 74263 |  |
| Unified Women's Healthcare, LP(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 6/2029 | 163067 | 162216 | 163067 |  |
| Unified Women's Healthcare, LP(3)(4)(8) | First lien senior secured delayed draw term loan | S+ | 5.00% |  | 6/2029 | 124150 | 123454 | 124150 |  |
| Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 9/2031 | 183585 | 181888 | 183126 |  |
| Vermont Aus Pty Ltd(3)(4)(17)(31) | First lien senior secured AUD term loan | B+ | 4.50% |  | 3/2028 | 69987 | 46216 | 46671 |  |
| WCG Intermediate Corp. (f/k/a Da Vinci Purchaser Corp.) (dba WCG)(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 2/2032 | 29850 | 29732 | 29892 |  |
|  |  |  |  |  |  |  | 5009254 | 4933485 | 25.0% |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| **Healthcare technology** | | | | | | | | | |
| Athenahealth Group Inc.(3)(8) | First lien senior secured loan | S+ | 2.75% |  | 2/2029 | 9120 | 9120 | 9129 |  |
| BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% |  | 8/2028 | 52138 | 51761 | 51617 |  |
| BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8) | First lien senior secured delayed draw term loan | S+ | 5.75% |  | 8/2028 | 25292 | 25037 | 25039 |  |
| BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 5.75% |  | 8/2026 | 3879 | 3870 | 3833 |  |
| Bracket Intermediate Holding Corp.(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 10/2031 | 52036 | 51528 | 51516 |  |
| Color Intermediate, LLC (dba ClaimsXten)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 10/2029 | 8982 | 8982 | 8960 |  |
| Cotiviti, Inc.(3)(8) | First lien senior secured loan | S+ | 2.75% |  | 5/2031 | 9960 | 9653 | 9553 |  |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% |  | 8/2031 | 353893 | 352190 | 353893 |  |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 8/2031 | 100140 | 99579 | 99640 |  |
| Ensemble RCM, LLC(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 8/2029 | 3459 | 3444 | 3474 |  |
| GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% |  | 10/2028 | 24328 | 24100 | 23598 |  |
| GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 6.00% |  | 10/2027 | 223 | 213 | 173 |  |
| Himalaya Topco LLC (dba HealthEdge)(3)(4)(8) | First lien senior secured loan | S+ | 2.75% | 2.25% | 6/2032 | 53362 | 52854 | 52829 |  |
| Imprivata, Inc.(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 12/2027 | 7775 | 7775 | 7799 |  |
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8) | First lien senior secured loan | S+ | 4.00% | 2.50% | 12/2030 | 49100 | 48275 | 48118 |  |
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8) | First lien senior secured delayed draw term loan | S+ | 6.00% |  | 12/2030 | 751 | 736 | 736 |  |
| Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.00% |  | 6/2030 | 3566 | 3494 | 3472 |  |
| Inovalon Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 2.75% | 2.75% | 11/2028 | 309410 | 309025 | 303221 |  |
| Inovalon Holdings, Inc.(3)(4)(9) | Second lien senior secured loan | S+ |  | 8.50% | 11/2033 | 121387 | 121387 | 111676 |  |
| Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(3)(4)(9)(31) | First lien senior secured loan | S+ | 6.50% |  | 8/2026 | 31219 | 31158 | 31219 |  |
| Interoperability Bidco, Inc. (dba Lyniate)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.75% |  | 3/2028 | 77758 | 77620 | 77344 |  |
| Klick Inc.(3)(4)(8)(31) | First lien senior secured loan | S+ | 5.00% |  | 11/2032 | 169574 | 168740 | 168726 |  |
| Modernizing Medicine, Inc. (dba ModMed)(3)(4)(9) | First lien senior secured loan | S+ | 2.50% | 2.25% | 4/2032 | 115895 | 114844 | 115316 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM)(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2031 | 24774 | 24698 | 24843 |  |
| RL Datix Holdings (USA), Inc.(3)(4)(10) | First lien senior secured loan | S+ | 5.00% |  | 4/2031 | 66094 | 66094 | 66094 |  |
| RL Datix Holdings (USA), Inc.(3)(4)(19) | First lien senior secured GBP term loan | SA+ | 5.00% |  | 4/2031 | £30607 | 41306 | 41168 |  |
| Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% |  | 8/2031 | 59336 | 58578 | 59336 |  |
| Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.75% |  | 5/2031 | 479 | 411 | 479 |  |
| Zelis Cost Management Buyer, Inc.(3)(8) | First lien senior secured loan | S+ | 2.75% |  | 9/2029 | 7905 | 7855 | 7820 |  |
| Zelis Cost Management Buyer, Inc.(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 11/2031 | 70252 | 69949 | 69641 |  |
|  |  |  |  |  |  |  | 1844276 | 1830262 | 9.3% |
| **Household products** |  |  |  |  |  |  |  |  |  |
| Home Service TopCo IV, Inc.(3)(4)(10) | First lien senior secured loan | S+ | 4.50% |  | 12/2027 | 35557 | 35557 | 35557 |  |
| Home Service TopCo IV, Inc.(3)(4)(10) | First lien senior secured delayed draw term loan | S+ | 4.50% |  | 12/2027 | 5465 | 5423 | 5465 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| Mario Midco Holdings, Inc. (dba Len the Plumber)(3)(4)(9) | Unsecured facility | S+ |  | 10.75% | 4/2032 | 36885 | 36374 | 35040 |  |
| Mario Purchaser, LLC (dba Len the Plumber)(3)(4)(9) | First lien senior secured loan | S+ | 5.75% |  | 4/2029 | 115454 | 114199 | 111125 |  |
| Mario Purchaser, LLC (dba Len the Plumber)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.75% |  | 4/2028 | 7341 | 7279 | 7040 |  |
| Saber Parent Holdings Corp. (dba Service Logic)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 89829 | 89382 | 89380 |  |
| Sentinel Buyer Corp. (dba SimpliSafe)(3)(4)(8) | First lien senior secured loan | S+ | 5.00% |  | 11/2032 | 224315 | 222108 | 222072 |  |
| Southern Air & Heat Holdings, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 1/2029 | 2169 | 2157 | 2169 |  |
| Southern Air & Heat Holdings, LLC(3)(4)(10)(22) | First lien senior secured delayed draw term loan | S+ | 5.25% |  | 1/2029 | 10420 | 9898 | 10420 |  |
| Walker Edison Furniture Company LLC(3)(4)(6)(22)(28)(29) | First lien senior secured loan | N/A | 10.00% |  | 2/2026 | 1336 | 1305 | 1346 |  |
| Walker Edison Furniture Company LLC(3)(4)(9)(22)(28)(29) | First lien senior secured delayed draw term loan | S+ |  | 6.75% | 3/2027 | 4717 | 3072 | 46 |  |
| Walker Edison Furniture Company LLC(3)(4)(9)(22)(28)(29) | First lien senior secured revolving loan | S+ |  | 6.25% | 3/2027 | 1333 | 1297 |  |  |
|  |  |  |  |  |  |  | 528051 | 519660 | 2.6% |
| **Human resource support services** |  |  |  |  |  |  |  |  |  |
| AQ Carver Buyer, Inc. (dba CoAdvantage)(3)(9) | First lien senior secured loan | S+ | 5.50% |  | 8/2029 | 21994 | 21687 | 20868 |  |
| BusinessSolver.com, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 16441 | 16360 | 16359 |  |
| Cornerstone OnDemand, Inc.(3)(4)(8) | Second lien senior secured loan | S+ | 6.50% |  | 10/2029 | 44583 | 44205 | 40125 |  |
| Dawn Bidco, LLC (dba Dayforce)(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 10/2032 | 122500 | 122206 | 122059 |  |
| IG Investments Holdings, LLC (dba Insight Global)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 9/2028 | 47239 | 47241 | 47239 |  |
|  |  |  |  |  |  |  | 251699 | 246650 | 1.2% |
| **Infrastructure and environmental services** | **Infrastructure and environmental services** |  |  |  |  |  |  |  |  |
| AWP Group Holdings, Inc.(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% |  | 12/2030 | 44348 | 44349 | 43874 |  |
| Azuria Water Solutions, Inc. (f/k/a Aegion Corporation)(8) | First lien senior secured loan | S+ | 3.00% |  | 5/2028 | 36480 | 36480 | 36618 |  |
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 1/2031 | 65113 | 64528 | 65113 |  |
| GI Apple Midco LLC (dba Atlas Technical Consultants)(3)(4)(8) | First lien senior secured loan | S+ | 6.75% |  | 4/2030 | 92471 | 91402 | 90853 |  |
| GI Apple Midco LLC (dba Atlas Technical Consultants)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.75% |  | 4/2029 | 4987 | 4865 | 4793 |  |
| KENE Acquisition, Inc. (dba Entrust Solutions Group)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 2/2031 | 24098 | 23982 | 24098 |  |
| KENE Acquisition, Inc. (dba Entrust Solutions Group)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.75% |  | 2/2031 | 396 | 396 | 396 |  |
| Peachtree Buyer, Inc. (dba Pond & Company)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 93379 | 92281 | 92274 |  |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 3/2029 | 41016 | 40613 | 41016 |  |
| USIC Holdings, Inc.(4)(9)(22) | First lien senior secured loan | S+ | 5.50% |  | 9/2031 | 38830 | 38507 | 37836 |  |
| USIC Holdings, Inc.(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.25% |  | 9/2031 | 2262 | 2223 | 2142 |  |
| Vessco Midco Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 7/2031 | 71654 | 71051 | 71654 |  |
| W.A. Kendall and Company, LLC(3)(4)(10)(22) | First lien senior secured loan | S+ | 5.75% |  | 4/2030 | 53159 | 52249 | 51644 |  |
| W.A. Kendall and Company, LLC(3)(4)(10)(22) | First lien senior secured revolving loan | S+ | 5.88% |  | 4/2030 | 4553 | 4480 | 4431 |  |
| VCI Asset Holdings 1 LLC(3)(4)(6)(31) | First lien senior secured loan | N/A | 10.00% |  | 11/2030 | 214318 | 212214 | 212175 |  |
| Vessco Midco Holdings, LLC(3)(4)(10) | First lien senior secured loan | S+ | 4.50% |  | 7/2031 | 24457 | 24337 | 24457 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| Vessco Midco Holdings, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 4.50% |  | 7/2031 | 19745 | 19560 | 19745 |  |
|  |  |  |  |  |  |  | 823517 | 823119 | 4.2% |
| **Insurance** |  |  |  |  |  |  |  |  |  |
| Acrisure, LLC(3)(4)(6)(31) | Unsecured notes | N/A | 8.50% |  | 6/2029 | 18375 | 18375 | 19180 |  |
| Acrisure, LLC(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2030 | 58594 | 58594 | 58483 |  |
| Alera Group, Inc.(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 5/2032 | 44888 | 44678 | 45081 |  |
| Alera Group, Inc.(3)(8) | Second lien senior secured loan | S+ | 5.50% |  | 5/2033 | 124688 | 124095 | 126907 |  |
| AmeriLife Holdings LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 8/2029 | 316933 | 314115 | 315346 |  |
| AmeriLife Holdings LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% |  | 8/2028 | 5565 | 5356 | 5398 |  |
| Ardonagh Midco 3 PLC(3)(9)(31) | First lien senior secured loan | S+ | 2.75% |  | 2/2031 | 15175 | 15175 | 15128 |  |
| Asurion, LLC(3)(8) | Second lien senior secured loan | S+ | 5.25% |  | 1/2029 | 79017 | 76546 | 77437 |  |
| Atlas US Finco, Inc. (dba Nearmap)(3)(4)(8)(31) | First lien senior secured loan | S+ | 4.75% |  | 12/2029 | 73102 | 72776 | 72737 |  |
| Brightway Holdings, LLC(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.75% |  | 12/2027 | 21028 | 20916 | 21028 |  |
| Brightway Holdings, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 5.75% |  | 12/2027 | 7167 | 7122 | 7167 |  |
| CFC USA 2025 LLC (dba CFC Insurance)(3)(9)(31) | First lien senior secured loan | S+ | 3.75% |  | 7/2032 | 80000 | 79244 | 77704 |  |
| Diamond Mezzanine 24 LLC (dba United Risk)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.00% |  | 10/2030 | 129597 | 129019 | 129597 |  |
| Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(4)(9) | First lien senior secured loan | S+ | 3.25% |  | 8/2032 | 25000 | 24940 | 25125 |  |
| Evolution BuyerCo, Inc. (dba SIAA)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 4/2030 | 234171 | 233257 | 234171 |  |
| Galway Borrower LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 4.50% |  | 9/2028 | 11241 | 11166 | 11241 |  |
| HIG Operations Holdings, Inc. (dba Higginbotham)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 12/2031 | 64463 | 64463 | 64463 |  |
| IMA Financial Group, Inc.(3)(8) | First lien senior secured loan | S+ | 3.00% |  | 11/2028 | 26158 | 26138 | 26203 |  |
| Integrity Marketing Acquisition, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 8/2028 | 378984 | 377532 | 378984 |  |
| Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 11/2032 | 41724 | 41518 | 41515 |  |
| KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(3)(4)(8) | First lien senior secured loan | S+ |  | 10.60% | 7/2030 | 19232 | 19099 | 19232 |  |
| KWOR Acquisition, Inc. (dba Alacrity Solutions)(3)(4)(9) | First lien senior secured loan | S+ | 1.00% | 5.25% | 2/2030 | 18050 | 17976 | 18050 |  |
| KWOR Acquisition, Inc. (dba Alacrity Solutions)(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 2/2030 | 240 | 240 | 240 |  |
| KWOR Intermediate I, Inc. (dba Alacrity Solutions)(3)(4)(9) | First lien senior secured loan | S+ |  | 8.00% | 2/2030 | 6339 | 6289 | 6212 |  |
| Mitchell International, Inc.(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 6/2031 | 46754 | 46618 | 46876 |  |
| Mitchell International, Inc.(3)(8) | Second lien senior secured loan | S+ | 5.25% |  | 6/2032 | 37700 | 37498 | 37285 |  |
| One, Inc. Software Corporation(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 100750 | 100250 | 100246 |  |
| Simplicity Financial Marketing Group Holdings, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 12/2031 | 168915 | 167328 | 168915 |  |
| Summit Acquisition Inc. (dba K2 Insurance Services)(3)(4)(8) | First lien senior secured loan | S+ | 3.50% |  | 10/2031 | 23701 | 23701 | 23819 |  |
| The Liberty Company Insurance Brokers, LLC(3)(4)(9) | First lien senior secured loan | S+ | 3.75% |  | 10/2032 | 25000 | 24878 | 25063 |  |
| THG Acquisition, LLC (dba Hilb)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 10/2031 | 99624 | 98683 | 98773 |  |
| Trucordia Insurance Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ | 3.25% |  | 6/2032 | 103740 | 103496 | 102962 |  |
| Trucordia Insurance Holdings, LLC(3)(4)(8) | Second lien senior secured loan | S+ | 5.75% |  | 6/2033 | 275750 | 273121 | 275061 |  |
| Truist Insurance Holdings, LLC(3)(9) | First lien senior secured loan | S+ | 2.75% |  | 5/2031 | 3500 | 3492 | 3501 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% |  | 12/2029 | 43017 | 42819 | 43017 |  |
|  |  |  |  |  |  |  | 2710513 | 2722147 | 13.8% |
| **Internet software and services** |  |  |  |  |  |  |  |  |  |
| Activate Holdings (US) Corp. (dba Absolute Software)(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.25% |  | 7/2030 | 5653 | 5635 | 5653 |  |
| AI Titan Parent, Inc. (dba Prometheus Group)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.50% |  | 8/2031 | 35490 | 35168 | 35110 |  |
| AlphaSense, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 6.25% |  | 6/2029 | 3533 | 3507 | 3525 |  |
| Anaplan, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 6/2029 | 262329 | 262329 | 262329 |  |
| Appfire Technologies, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 3/2028 | 14686 | 14630 | 14686 |  |
| Aptean Acquiror, Inc. (dba Aptean)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 1/2031 | 121216 | 120271 | 121216 |  |
| Aptean Acquiror, Inc. (dba Aptean)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 4.65% |  | 1/2031 | 2428 | 2370 | 2428 |  |
| Armstrong Bidco Limited(3)(4)(19)(31) | First lien senior secured GBP term loan | SA+ | 5.25% |  | 6/2029 | £40433 | 49062 | 54113 |  |
| Artifact Bidco, Inc. (dba Avetta)(3)(4)(9) | First lien senior secured loan | S+ | 4.15% |  | 7/2031 | 15498 | 15434 | 15498 |  |
| Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(3)(4)(8) | First lien senior secured loan | S+ | 6.00% |  | 3/2031 | 17955 | 17744 | 17955 |  |
| Barracuda Parent, LLC(3)(9) | First lien senior secured loan | S+ | 4.50% |  | 8/2029 | 14009 | 13761 | 11308 |  |
| Barracuda Parent, LLC(3)(4)(9) | Second lien senior secured loan | S+ | 7.00% |  | 8/2030 | 93250 | 91333 | 67606 |  |
| Barracuda Parent, LLC(3)(4)(9) | First lien senior secured loan | S+ | 6.50% |  | 8/2029 | 34116 | 33282 | 30022 |  |
| Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9) | First lien senior secured loan | S+ | 2.50% | 3.00% | 10/2028 | 220746 | 220718 | 220746 |  |
| Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% |  | 10/2027 | 4547 | 4502 | 4547 |  |
| BCTO BSI Buyer, Inc. (dba Buildertrend)(3)(4)(9) | First lien senior secured loan | S+ | 6.50% |  | 12/2028 | 1191 | 1188 | 1191 |  |
| BCTO WIW Holdings, Inc. (dba When I Work)(3)(4)(6) | Senior convertible notes | N/A |  | 5.50% | 8/2030 | 3859 | 3823 | 3823 |  |
| By Light Professional IT Services LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 7/2031 | 92725 | 91416 | 91334 |  |
| Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% |  | 8/2027 | 9922 | 9842 | 9708 |  |
| CALABRIO, INC.(3)(4)(9) | First lien senior secured loan | S+ | 4.00% |  | 11/2032 | 25000 | 23763 | 23750 |  |
| CivicPlus, LLC(3)(4)(9) | First lien senior secured loan | S+ | 3.25% | 2.75% | 8/2030 | 39078 | 38901 | 39078 |  |
| CivicPlus, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 5.50% |  | 8/2030 | 5415 | 5388 | 5415 |  |
| Cloud Software Group, Inc.(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 3/2031 | 79413 | 79413 | 79476 |  |
| Cloud Software Group, Inc.(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 8/2032 | 54183 | 54183 | 54216 |  |
| Clover Holdings 2, LLC (dba Cohesity)(3)(8) | First lien senior secured loan | S+ | 3.96% |  | 12/2031 | 75815 | 75081 | 75747 |  |
| Coupa Holdings, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.25% |  | 2/2030 | 23979 | 23979 | 23979 |  |
| CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(3)(4)(10) | Unsecured notes | S+ |  | 11.75% | 6/2034 | 12419 | 12315 | 12419 |  |
| Crewline Buyer, Inc. (dba New Relic)(3)(4)(9) | First lien senior secured loan | S+ | 6.75% |  | 11/2030 | 171701 | 169714 | 170414 |  |
| Databricks, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 1/2031 | 73469 | 73152 | 73469 |  |
| Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(8) | First lien senior secured loan | S+ | 2.75% |  | 11/2029 | 6294 | 6248 | 6257 |  |
| Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(8) | Second lien senior secured loan | S+ | 5.25% |  | 11/2030 | 82075 | 81626 | 80745 |  |
| Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 8/2032 | 252841 | 249109 | 249048 |  |
| Diamond Insure Bidco (dba Acturis)(3)(4)(14)(31) | First lien senior secured EUR term loan | E+ | 3.75% |  | 7/2031 | 3123 | 3297 | 3668 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| Diamond Insure Bidco (dba Acturis)(3)(4)(19)(31) | First lien senior secured GBP term loan | SA+ | 4.00% |  | 7/2031 | £10209 | 12696 | 13732 |  |
| EET Buyer, Inc. (dba e-Emphasys)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 11/2027 | 46578 | 46314 | 46578 |  |
| Einstein Parent, Inc. (dba Smartsheet)(3)(4)(9) | First lien senior secured loan | S+ | 6.50% |  | 1/2031 | 76841 | 76112 | 76265 |  |
| Entrata, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 3.00% |  | 9/2032 | 5000 | 4988 | 5025 |  |
| Flexera Software LLC(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 8/2032 | 129403 | 128974 | 129079 |  |
| Flexera Software LLC(3)(4)(13) | First lien senior secured EUR term loan | E+ | 4.50% |  | 8/2032 | 31803 | 37158 | 37257 |  |
| Forescout Technologies, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 5/2032 | 164574 | 164019 | 163751 |  |
| Granicus, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.50% | 2.00% | 1/2031 | 33561 | 33311 | 33561 |  |
| Granicus, Inc.(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 3.00% | 2.00% | 1/2031 | 4971 | 4935 | 4959 |  |
| GS Acquisitionco, Inc. (dba insightsoftware)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 5/2028 | 9582 | 9574 | 9482 |  |
| Gusto, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 11/2030 | 67479 | 67233 | 67226 |  |
| Hyland Software, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 9/2030 | 144291 | 144291 | 144291 |  |
| Icefall Parent, Inc. (dba EngageSmart)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 1/2030 | 27961 | 27961 | 27961 |  |
| Infobip Inc.(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.50% |  | 6/2029 | 12903 | 12732 | 12773 |  |
| JS Parent, Inc. (dba Jama Software)(3)(4)(9) | First lien senior secured loan | S+ | 4.75% |  | 4/2031 | 900 | 897 | 900 |  |
| KnowBe4, Inc.(3)(9) | First lien senior secured loan | S+ | 3.75% |  | 7/2032 | 48000 | 47910 | 47971 |  |
| Litera Bidco LLC(3)(4)(8)(22) | First lien senior secured loan | S+ | 5.00% |  | 5/2028 | 42523 | 42388 | 42523 |  |
| Magnet Forensics, LLC (f/k/a Grayshift, LLC)(3)(4)(8)(31) | First lien senior secured loan | S+ | 4.50% |  | 7/2028 | 166394 | 166257 | 166394 |  |
| Ministry Brands Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ | 5.50% |  | 12/2028 | 52393 | 51877 | 52000 |  |
| Ministry Brands Holdings, LLC(3)(4)(12)(22) | First lien senior secured revolving loan | P+ | 4.50% |  | 12/2027 | 395 | 364 | 360 |  |
| Mitnick Corporate Purchaser, Inc.(4)(9)(22) | First lien senior secured revolving loan | S+ | 3.50% |  | 5/2027 | 1438 | 1441 | (2031) |  |
| PDI TA Holdings, Inc.(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.50% |  | 2/2031 | 63671 | 62910 | 62859 |  |
| Perforce Software, Inc.(3)(8) | First lien senior secured loan | S+ | 4.75% |  | 3/2031 | 4925 | 4909 | 4127 |  |
| Perforce Software, Inc.(3)(8) | First lien senior secured loan | S+ | 4.75% |  | 6/2029 | 14516 | 14339 | 12992 |  |
| Project Alpha Intermediate Holding, Inc. (dba Qlik)(3)(9) | First lien senior secured loan | S+ | 3.25% |  | 10/2030 | 54365 | 54313 | 54245 |  |
| Proofpoint, Inc.(3)(9) | First lien senior secured loan | S+ | 3.00% |  | 8/2028 | 32704 | 32566 | 32841 |  |
| Proofpoint, Inc.(3)(4)(9) | Second lien senior secured loan | S+ | 5.75% |  | 12/2033 | 35748 | 35390 | 35748 |  |
| Proofpoint, Inc.(3)(4)(14) | Second lien senior secured loan | E+ | 5.75% |  | 12/2033 | 31272 | 35396 | 36728 |  |
| QAD, Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 11/2027 | 45811 | 45811 | 45811 |  |
| Sophos Holdings, LLC(3)(8)(31) | First lien senior secured loan | S+ | 3.50% |  | 3/2027 | 51069 | 50986 | 51059 |  |
| Securonix, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.50% | 3.75% | 4/2029 | 30805 | 30642 | 27801 |  |
| Sitecore Holding III A/S(3)(4)(14) | First lien senior secured EUR term loan | E+ | 7.00% |  | 3/2029 | 26396 | 27818 | 31001 |  |
| Sitecore Holding III A/S(3)(4)(9) | First lien senior secured loan | S+ | 7.00% |  | 3/2029 | 4577 | 4556 | 4577 |  |
| Sitecore USA, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 7.00% |  | 3/2029 | 27591 | 27470 | 27591 |  |
| Storable, Inc.(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 4/2031 | 62806 | 62705 | 63044 |  |
| Storable Intermediate Holdings, LLC(3)(4)(8) | First lien senior secured loan | S+ |  | 6.00% | 4/2032 | 30135 | 30002 | 30135 |  |
| Spaceship Purchaser, Inc. (dba Squarespace)(3)(4)(9) | First lien senior secured loan | S+ | 3.75% |  | 10/2031 | 95352 | 95352 | 95352 |  |
| Tricentis Operations Holdings, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 1.38% | 4.88% | 2/2032 | 52162 | 51710 | 51641 |  |
| Themis Solutions Inc. (dba Clio)(3)(4)(8)(31) | First lien senior secured loan | S+ | 1.75% | 3.75% | 10/2032 | 19517 | 19328 | 19322 |  |
| Thunder Purchaser, Inc. (dba Vector Solutions)(3)(4)(9)(22) | First lien senior secured loan | S+ | 5.25% |  | 6/2028 | 44328 | 44157 | 44328 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| Victors Purchaser, LLC (dba Service Express)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 111543 | 111265 | 111264 |  |
| Victors Purchaser, LLC (dba Service Express)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 4.50% |  | 12/2032 | 1419 | 1336 | 1377 |  |
| VIRTUSA CORPORATION(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 2/2029 | 16411 | 16428 | 16435 |  |
| Zendesk, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 11/2028 | 201214 | 199306 | 201214 |  |
|  |  |  |  |  |  |  | 4032311 | 4012028 | 20.3% |
| **Leisure and entertainment** |  |  |  |  |  |  |  |  |  |
| Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.25% |  | 7/2031 | 341349 | 337652 | 341349 |  |
| Birdie Bidco, Inc. (dba Concert Golf Partners)(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 11/2032 | 148886 | 148152 | 148142 |  |
| Birdie Bidco, Inc. (dba Concert Golf Partners)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 4.14% |  | 11/2032 | 2690 | 2572 | 2569 |  |
| Bally's Corporation(3)(9)(31) | First lien senior secured loan | S+ | 3.25% |  | 10/2028 | 62530 | 62019 | 61586 |  |
| Eternal Buyer, LLC (dba Wedgewood Weddings)(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 6/2032 | 76861 | 76499 | 76477 |  |
| Troon Golf, L.L.C.(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.50% |  | 8/2028 | 378812 | 378625 | 378812 |  |
|  |  |  |  |  |  |  | 1005519 | 1008935 | 5.1% |
| **Manufacturing** |  |  |  |  |  |  |  |  |  |
| CPM Holdings, Inc.(8) | First lien senior secured loan | S+ | 4.50% |  | 9/2028 | 4761 | 4681 | 4732 |  |
| CPM Holdings, Inc.(8)(22) | First lien senior secured revolving loan | S+ | 4.50% |  | 6/2028 | 861 | 834 | 831 |  |
| Engineered Machinery Holdings, Inc. (dba Duravant)(3)(9)(22) | First lien senior secured loan | S+ | 3.25% |  | 11/2032 | 23074 | 23017 | 23202 |  |
| Engineered Machinery Holdings, Inc. (dba Duravant)(4)(9) | Second lien senior secured loan | S+ | 6.00% |  | 5/2029 | 19160 | 19133 | 19160 |  |
| Faraday Buyer, LLC (dba MacLean Power Systems)(3)(4)(9) | First lien senior secured loan | S+ | 6.00% |  | 10/2028 | 133562 | 131894 | 133562 |  |
| FR Flow Control CB LLC (dba Trillium Flow Technologies)(3)(4)(9)(31) | First lien senior secured loan | S+ | 5.00% |  | 12/2029 | 140118 | 139250 | 140118 |  |
| Gloves Buyer, Inc. (dba Protective Industrial Products)(3)(8) | First lien senior secured loan | S+ | 4.00% |  | 5/2032 | 100007 | 99542 | 99367 |  |
| Helix Acquisition Holdings, Inc. (dba MW Industries)(3)(4)(8) | First lien senior secured loan | S+ | 6.98% |  | 3/2030 | 61484 | 60195 | 61023 |  |
| MHE Intermediate Holdings, LLC (dba OnPoint Group)(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.00% |  | 7/2027 | 60964 | 60770 | 59386 |  |
| MHE Intermediate Holdings, LLC (dba OnPoint Group)(3)(4)(9) | First lien senior secured loan | S+ | 6.25% |  | 7/2027 | 4620 | 4585 | 4516 |  |
| Sonny's Enterprises, LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.50% |  | 8/2028 | 164773 | 163499 | 163951 |  |
| Sonny's Enterprises, LLC(3)(4)(9)(22) | First lien senior secured delayed draw term loan | S+ | 6.50% |  | 8/2028 | 8713 | 8598 | 8713 |  |
| Sonny's Enterprises, LLC(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.50% |  | 8/2027 | 10394 | 10253 | 10265 |  |
|  |  |  |  |  |  |  | 726251 | 728826 | 3.7% |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |  |
| Opal US LLC(3)(9)(31) | First lien senior secured loan | S+ | 3.00% |  | 4/2032 | 7481 | 7447 | 7521 |  |
| Puma Buyer, LLC (dba PANTHERx)(3)(4)(9) | First lien senior secured loan | S+ | 4.25% |  | 3/2032 | 183449 | 182293 | 183449 |  |
|  |  |  |  |  |  |  | 189740 | 190970 | 1.0% |
| **Professional services** |  |  |  |  |  |  |  |  |  |
| AmSpec Parent, LLC(3)(9) | First lien senior secured loan | S+ | 3.50% |  | 12/2031 | 39808 | 39803 | 39808 |  |
| Apex Group Treasury LLC(3)(9)(31) | First lien senior secured loan | S+ | 3.50% |  | 2/2032 | 137263 | 136647 | 128808 |  |
| Certinia Inc.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 8/2031 | 209536 | 209127 | 209012 |  |
| DCCM, LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 6/2032 | 53506 | 53005 | 52971 |  |
| Element Materials Technology(3)(9)(31) | First lien senior secured loan | S+ | 3.67% |  | 6/2029 | 27109 | 27109 | 27280 |  |
| EP Purchaser, LLC (dba Entertainment Partners)(3)(9) | First lien senior secured loan | S+ | 4.50% |  | 11/2028 | 25391 | 24902 | 18076 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| Essential Services Holding Corporation (dba Turnpoint)(3)(4)(9)(22) | First lien senior secured revolving loan | S+ | 5.00% |  | 6/2030 | 1743 | 1710 | 1666 |  |
| Essential Services Holding Corporation (dba Turnpoint)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 6/2031 | 35548 | 35253 | 34926 |  |
| Gerson Lehrman Group, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 12/2028 | 165599 | 164765 | 165599 |  |
| Guidehouse Inc.(3)(4)(8) | First lien senior secured loan | S+ | 4.75% |  | 12/2030 | 108532 | 108532 | 107447 |  |
| Paris US Holdco, Inc. (dba Precinmac)(3)(4)(8)(22) | First lien senior secured loan | S+ | 4.75% |  | 12/2031 | 70147 | 69461 | 69951 |  |
| Pike Corp.(3)(4)(9) | First lien senior secured loan | S+ | 4.50% |  | 12/2032 | 245776 | 244552 | 244547 |  |
| Relativity ODA LLC(3)(4)(8) | First lien senior secured loan | S+ | 4.50% |  | 5/2029 | 32738 | 32639 | 32738 |  |
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9) | First lien senior secured loan | S+ | 6.50% |  | 5/2028 | 249583 | 249216 | 249583 |  |
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14) | First lien senior secured EUR term loan | E+ | 6.75% |  | 5/2028 | 42619 | 46259 | 50054 |  |
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(8)(22) | First lien senior secured revolving loan | S+ | 6.50% |  | 5/2028 | 6854 | 6835 | 6854 |  |
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9) | First lien senior secured delayed draw term loan | S+ | 6.94% |  | 5/2028 | 4777 | 4777 | 4777 |  |
| Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14) | First lien senior secured EUR delayed draw term loan | E+ | 7.25% |  | 5/2028 | 972 | 1033 | 1141 |  |
| Sovos Compliance, LLC(3)(8) | First lien senior secured loan | S+ | 3.25% |  | 8/2029 | 42897 | 42919 | 42996 |  |
| Thevelia (US) LLC (dba Tricor)(9)(31) | First lien senior secured loan | S+ | 3.00% |  | 6/2029 | 10935 | 10935 | 10963 |  |
| Vensure Employer Services, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 9/2031 | 195424 | 193741 | 193470 |  |
| Vistage International, Inc.(3)(4)(9) | First lien senior secured loan | S+ | 3.75% |  | 7/2029 | 29536 | 29536 | 29388 |  |
|  |  |  |  |  |  |  | 1732756 | 1722055 | 8.7% |
| **Specialty retail** |  |  |  |  |  |  |  |  |  |
| Galls, LLC(3)(4)(9)(22) | First lien senior secured loan | S+ | 6.00% |  | 3/2030 | 155851 | 153829 | 155851 |  |
| Ideal Image Development, LLC(3)(4)(9)(22)(28)(29) | First lien senior secured loan | S+ |  | 6.50% | 2/2029 | 3552 | 3256 |  |  |
| Ideal Image Development, LLC(3)(4)(9)(22)(28)(29) | First lien senior secured revolving loan | S+ | 6.00% |  | 2/2029 | 715 | 678 | 420 |  |
| Milan Laser Holdings LLC(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 4/2027 | 19802 | 19751 | 19307 |  |
| The Shade Store, LLC(3)(4)(9) | First lien senior secured loan | S+ |  | 6.00% | 10/2029 | 23437 | 18313 | 18281 |  |
|  |  |  |  |  |  |  | 195827 | 193859 | 1.0% |
| **Telecommunications** |  |  |  |  |  |  |  |  |  |
| CCI BUYER, INC. (dba Consumer Cellular)(3)(4)(9) | First lien senior secured loan | S+ | 5.00% |  | 5/2032 | 495780 | 491158 | 495780 |  |
| EOS Finco S.A.R.L(3)(9)(28)(29)(31) | First lien senior secured loan | S+ |  | 6.00% | 10/2029 | 88071 | 68077 | 21771 |  |
| Level 3 Financing, Inc.(3)(8)(31) | First lien senior secured loan | S+ | 3.25% |  | 3/2032 | 79167 | 79167 | 79349 |  |
|  |  |  |  |  |  |  | 638402 | 596900 | 3.0% |
| **Transportation** |  |  |  |  |  |  |  |  |  |
| Lightbeam Bidco, Inc. (dba Lazer Spot)(3)(4)(9)(22) | First lien senior secured loan | S+ | 4.75% |  | 5/2030 | 148687 | 148604 | 148687 |  |
| Motus Group, LLC(3)(9) | First lien senior secured loan | S+ | 3.75% |  | 12/2028 | 32118 | 32108 | 31932 |  |
|  |  |  |  |  |  |  | 180712 | 180619 | 0.9% |
| **Total non-controlled/non-affiliated debt investments** | **Total non-controlled/non-affiliated debt investments** |  |  |  |  |  | $33684592 | $33511862 | 169.6% |
| **Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)** |  |  | $(16124) | $(11163) | (0.1)% |
| **Total non-controlled/non-affiliated portfolio company debt investments** | **Total non-controlled/non-affiliated portfolio company debt investments** | **Total non-controlled/non-affiliated portfolio company debt investments** | **Total non-controlled/non-affiliated portfolio company debt investments** | **Total non-controlled/non-affiliated portfolio company debt investments** |  |  | $33668468 | $33500699 | 169.5% |
| **Equity Investments** |  |  |  |  |  |  |  |  |  |
| **Asset based lending and fund finance** |  |  |  |  |  |  |  |  |  |
| Amergin Asset Management, LLC(3)(4)(29)(30) | Specialty finance equity investment | N/A |  |  | N/A | 50000000 | $1 | $2137 |  |
|  |  |  |  |  |  |  | 1 | 2137 | —% |
| **Automotive services** |  |  |  |  |  |  |  |  |  |
| Percheron Horsepower-A LP (dba Big Brand Tire & Service)(3)(5)(22)(29)(30)(31) | Limited Partner Interest | N/A |  |  | N/A | 71485 | 71485 | 85013 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| CD&R Value Building Partners I, L.P. (dba Belron)(3)(5)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 36993 | 35998 | 49239 |  |
| Metis HoldCo, Inc. (dba Mavis Tire Express Services)(3)(4)(6)(30) | Series A Convertible Preferred Stock | N/A |  | 7.00% | N/A | 10769 | 14701 | 14884 |  |
|  |  |  |  |  |  |  | 122184 | 149136 | 0.8% |
| **Buildings and real estate** |  |  |  |  |  |  |  |  |  |
| Dodge Construction Network Holdings, L.P.(3)(4)(29)(30) | Class A-2 Common Units | N/A |  |  | N/A |  | 123 | 17 |  |
| Dodge Construction Network Holdings, L.P.(3)(4)(6)(30) | Series A Preferred Units | N/A |  | 8.25% | N/A | 143963 | 3 | 2 |  |
|  |  |  |  |  |  |  | 126 | 19 | —% |
| **Business services** |  |  |  |  |  |  |  |  |  |
| 25CXBFS SCSP (dba Xplor)(4)(29)(30)(31) | Limited Partner Interest | N/A |  |  | N/A | 10000 | 10000 | 10000 |  |
| Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(29)(30)(32) | Common Units | N/A |  |  | N/A | 10000 | 12 | 14 |  |
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(3)(4)(10)(30) | Perpetual Preferred Stock | S+ |  | 10.75% | N/A | 29412 | 46682 | 46412 |  |
|  |  |  |  |  |  |  | 56694 | 56426 | 0.3% |
| **Consumer products** |  |  |  |  |  |  |  |  |  |
| ASP Conair Holdings LP(3)(4)(29)(30) | Class A Units | N/A |  |  | N/A | 9286 | 929 | 151 |  |
|  |  |  |  |  |  |  | 929 | 151 | —% |
| **Containers and packaging** |  |  |  |  |  |  |  |  |  |
| TCB Holdings I LLC (dba TricorBraun)(3)(4)(6)(30) | Class A Preferred Units | N/A |  | 14.00% | N/A | 87500 | 96507 | 92646 |  |
|  |  |  |  |  |  |  | 96507 | 92646 | 0.5% |
| **Financial services** |  |  |  |  |  |  |  |  |  |
| Snowbird Manager LP(3)(5)(29)(30)(31) | Limited Partner Interest | N/A |  |  | N/A | 786491 | 4225 | 4225 |  |
| Vestwell Holdings Inc.(3)(4)(29)(30) | Series D Preferred Stock | N/A |  |  | N/A | 50726 | 1007 | 1134 |  |
|  |  |  |  |  |  |  | 5232 | 5359 | —% |
| **Food and beverage** |  |  |  |  |  |  |  |  |  |
| Hissho Sushi Holdings, LLC(3)(4)(29)(30) | Class A Units | N/A |  |  | N/A | 941780 | 4254 | 11866 |  |
|  |  |  |  |  |  |  | 4254 | 11866 | 0.1% |
| **Healthcare equipment and services** |  |  |  |  |  |  |  |  |  |
| KPCI Co-Invest 2, L.P.(3)(4)(29)(30)(31) | Class A Units | N/A |  |  | N/A | 2146109 | 21461 | 21461 |  |
| Maia Aggregator, LP(3)(4)(29)(30) | Class A-2 Units | N/A |  |  | N/A | 12921348 | 12921 | 13439 |  |
| Patriot Holdings SCSp (dba Corza Health, Inc.)(3)(4)(29)(30)(31) | Class B Units | N/A |  |  | N/A | 17221 | 180 | 125 |  |
| Patriot Holdings SCSp (dba Corza Health, Inc.)(3)(4)(6)(30)(31) | Class A Units | N/A |  | 8.00% | N/A | 1251 | 1674 | 1666 |  |
| Rhea Acquisition Holdings, LP(3)(4)(29)(30) | Series A-2 Units | N/A |  |  | N/A | 11964286 | 11964 | 12303 |  |
|  |  |  |  |  |  |  | 48200 | 48994 | 0.2% |
| **Healthcare providers and services** |  |  |  |  |  |  |  |  |  |
| Baypine Commander Co-Invest, LP(3)(4)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 6753 | 6793 | 7395 |  |
| KOBHG Holdings, L.P. (dba OB Hospitalist)(3)(4)(29)(30) | Class A Interests | N/A |  |  | N/A | 3520 | 3520 | 4160 |  |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(29)(30) | Class A Interest | N/A |  |  | N/A | 1205 | 12048 | 16723 |  |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)(3)(4)(29)(30) | Common Equity | N/A |  |  | N/A | 1329 | 3563 | 3654 |  |
| Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(3)(4)(6)(30) | Series A Preferred Stock | N/A |  | 15.00% | N/A | 27355 | 36346 | 30468 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| XOMA Corporation(3)(4)(29)(30) | Warrants | N/A |  |  | N/A | 54000 | 369 | 518 |  |
|  |  |  |  |  |  |  | 62639 | 62918 | 0.3% |
| **Healthcare technology** |  |  |  |  |  |  |  |  |  |
| BEHP Co-Investor II, L.P.(3)(4)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 1269969 | 822 | 1834 |  |
| Minerva Holdco, Inc.(3)(4)(6)(30) | Senior A Preferred Stock | N/A |  | 10.75% | N/A | 100000 | 150543 | 150641 |  |
| ModMed Software Midco Holdings, Inc. (dba ModMed)(3)(4)(6)(30) | Series A Preferred Units | N/A |  | 13.00% | N/A | 25474 | 27097 | 27317 |  |
| Orange Blossom Parent, Inc.(3)(4)(29)(30) | Common Units | N/A |  |  | N/A | 16667 | 1667 | 1720 |  |
| WP Irving Co-Invest, L.P.(3)(4)(29)(30)(31) | Partnership Units | N/A |  |  | N/A | 1250000 | 730 | 1805 |  |
|  |  |  |  |  |  |  | 180859 | 183317 | 0.9% |
| **Household products** |  |  |  |  |  |  |  |  |  |
| Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30) | Class A Units | N/A |  |  | N/A | 10876 | 10876 | 10876 |  |
| Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30) | Class B Units | N/A |  |  | N/A | 10876453 |  |  |  |
| Walker Edison Holdco LLC(3)(4)(29)(30) | Common Units | N/A |  |  | N/A | 29167 | 2821 |  |  |
|  |  |  |  |  |  |  | 13697 | 10876 | 0.1% |
| **Human resource support services** |  |  |  |  |  |  |  |  |  |
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(3)(4)(6)(30) | Series A Preferred Stock | N/A |  | 10.50% | N/A | 12750 | 19446 | 16636 |  |
|  |  |  |  |  |  |  | 19446 | 16636 | 0.1% |
| **Insurance** |  |  |  |  |  |  |  |  |  |
| Accelerate Topco Holdings, LLC(3)(4)(29)(30) | Common Units | N/A |  |  | N/A | 91806 | 2535 | 4055 |  |
| Evolution Parent, LP (dba SIAA)(3)(4)(29)(30) | LP Interest | N/A |  |  | N/A | 2703 | 270 | 349 |  |
| GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(3)(4)(29)(30) | LP Interest | N/A |  |  | N/A | 49976 | 508 | 525 |  |
| Hockey Parent Holdings, L.P.(3)(4)(29)(30) | Class A Common Units | N/A |  |  | N/A | 25000 | 25000 | 31492 |  |
| KWOR Intermediate I, Inc. (dba Alacrity Solutions)(3)(4)(29)(30) | Class A-1 Common Stock | N/A |  |  | N/A | 3605 | 1726 | 1500 |  |
| KWOR Intermediate I, Inc. (dba Alacrity Solutions)(3)(4)(9)(30) | Preferred Stock | S+ |  | 8.00% | N/A | 3856 | 4227 | 4178 |  |
| PCF Holdco, LLC (dba Trucordia)(3)(4)(29)(30) | Warrants | N/A |  |  | N/A | 1503286 | 5129 | 3952 |  |
| PCF Holdco, LLC (dba Trucordia)(3)(4)(6)(30) | Preferred equity | N/A |  | 14.00% | N/A | 19423 | 21787 | 28751 |  |
|  |  |  |  |  |  |  | 61182 | 74802 | 0.4% |
| **Infrastructure and environmental services** | **Infrastructure and environmental services** |  |  |  |  |  |  |  |  |
| Valor Compute Infrastructure L.P.(3)(4)(22)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 3751 | 3751 | 3750 |  |
| VCI Intermediate TopCo 1 LLC(3)(4)(29)(30)(31) | Class B Units | N/A |  |  | N/A | 10716 | 10719 | 10715 |  |
|  |  |  |  |  |  |  | 14470 | 14465 | 0.1% |
| **Internet software and services** |  |  |  |  |  |  |  |  |  |
| AlphaSense, LLC(3)(4)(29)(30) | Series E Preferred Shares | N/A |  |  | N/A | 84645 | 765 | 1055 |  |
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(3)(4)(29)(30) | Common Units | N/A |  |  | N/A | 1729439 | 1729 | 2902 |  |
| Chrome Investors LP(3)(4)(22)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 7339 | 7341 | 7339 |  |
| Elliott Alto Co-Investor Aggregator L.P.(3)(4)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 6530 | 6572 | 14986 |  |
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(3)(4)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 992 | 992 | 1309 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| Bird Holding B.V. (fka MessageBird Holding B.V.)(3)(4)(29)(30)(31) | Extended Series C Warrants | N/A |  |  | N/A | 7980 | 49 | 9 |  |
| Nscale Global Holdings Limited(3)(4)(29)(30)(31) | Preferred equity | N/A |  |  | N/A | 13037 | 13037 | 13037 |  |
| Nscale Global Holdings Limited(3)(4)(29)(30)(31) | Series B Preferred Shares | N/A |  |  | N/A | 22879 | 8691 | 8691 |  |
| Project Alpine Co-Invest Fund, LP(3)(4)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 17000 | 17012 | 22325 |  |
| Project Hotel California Co-Invest Fund, L.P.(3)(29)(30)(31) | LP Interest | N/A |  |  | N/A | 3522 | 3508 | 5734 |  |
| Thunder Topco L.P. (dba Vector Solutions)(3)(4)(29)(30) | Common Units | N/A |  |  | N/A | 712884 | 713 | 848 |  |
| WMC Bidco, Inc. (dba West Monroe)(3)(4)(6)(30) | Senior Preferred Stock | N/A |  | 11.25% | N/A | 33385 | 52412 | 52327 |  |
| Zoro TopCo, Inc.(3)(4)(9)(30) | Series A Preferred Equity | S+ |  | 9.50% | N/A | 5472 | 7917 | 8133 |  |
| Zoro TopCo, L.P.(3)(4)(29)(30) | Class A Common Units | N/A |  |  | N/A | 1380129 | 13801 | 15491 |  |
|  |  |  |  |  |  |  | 134539 | 154186 | 0.8% |
| **Manufacturing** |  |  |  |  |  |  |  |  |  |
| Gloves Holdings, LP (dba Protective Industrial Products)(3)(4)(29)(30) | LP Interest | N/A |  |  | N/A | 1218 | 134 | 189 |  |
|  |  |  |  |  |  |  | 134 | 189 | —% |
| **Specialty retail** |  |  |  |  |  |  |  |  |  |
| Ideal Topco, L.P.(3)(4)(29)(30) | Class A-2 Common Units | N/A |  |  | N/A | 3109756 |  |  |  |
| Ideal Topco, L.P.(3)(4)(29)(30) | Class A-1 Preferred Units | N/A |  |  | N/A | 7774390 | 7774 |  |  |
|  |  |  |  |  |  |  | 7774 |  | —% |
| **Total non-controlled/non-affiliated portfolio company equity investments** | **Total non-controlled/non-affiliated portfolio company equity investments** | **Total non-controlled/non-affiliated portfolio company equity investments** | **Total non-controlled/non-affiliated portfolio company equity investments** | **Total non-controlled/non-affiliated portfolio company equity investments** |  |  | $828867 | $884123 | 4.5% |
| **Total non-controlled/non-affiliated portfolio company investments** | **Total non-controlled/non-affiliated portfolio company investments** |  |  |  |  |  | $34497335 | $34384822 | 174.0% |
| **Non-controlled/affiliated portfolio company investments** | **Non-controlled/affiliated portfolio company investments** |  |  |  |  |  |  |  |  |
| **Debt Investments(7)** |  |  |  |  |  |  |  |  |  |
| **Education** |  |  |  |  |  |  |  |  |  |
| Pluralsight, LLC(3)(4)(9)(24)(28)(29) | First lien senior secured loan | S+ |  | 7.50% | 8/2029 | 1386 | $1345 | $1133 |  |
| Pluralsight, LLC(3)(4)(9)(24) | First lien senior secured loan | S+ | 3.00% | 1.50% | 8/2029 | 1208 | 1208 | 1184 |  |
|  |  |  |  |  |  |  | 2553 | 2317 | —% |
| **Total non-controlled/affiliated debt investments** | **Total non-controlled/affiliated debt investments** |  |  |  |  |  | $2553 | $2317 | —% |
| **Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)** |  |  |  |  | $— | $(14) | —% |
| **Total non-controlled/affiliated portfolio company debt investments** | **Total non-controlled/affiliated portfolio company debt investments** |  |  |  |  |  | $2553 | $2303 | —% |
| **Equity Investments** |  |  |  |  |  |  |  |  |  |
| **Asset based lending and fund finance** |  |  |  |  |  |  |  |  |  |
| Wingspire Capital Holdings LLC(3)(4)(22)(24)(30) | Specialty finance equity investment | N/A |  |  | N/A | 8377236 | $9000 | $10156 |  |
|  |  |  |  |  |  |  | 9000 | 10156 | 0.1% |
| **Education** |  |  |  |  |  |  |  |  |  |
| Paradigmatic Holdco LLC (dba Pluralsight)(3)(4)(24)(29)(30) | Common stock | N/A |  |  | N/A | 396827 | 1053 |  |  |
|  |  |  |  |  |  |  | 1053 |  | —% |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |  |
| LSI Financing 1 DAC(3)(4)(24)(30)(31) | Specialty finance equity investment | N/A |  |  | N/A | 4161 | 4211 | 4105 |  |
|  |  |  |  |  |  |  | 4211 | 4105 | —% |
| **Total non-controlled/affiliated portfolio company equity investments** | **Total non-controlled/affiliated portfolio company equity investments** |  |  |  |  |  | $14264 | $14261 | 0.1% |
| **Total non-controlled/affiliated portfolio company investments** | **Total non-controlled/affiliated portfolio company investments** |  |  |  |  |  | $16817 | $16564 | 0.1% |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(25)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)(27)** |<br>**Fair Value** |<br>**% of Net Assets** |
| **Controlled/affiliated portfolio company investments** | **Controlled/affiliated portfolio company investments** | | | | | | | | |
| **Debt Investments(7)** | | | | | | | | | |
| **Asset based lending and fund finance** | | | | | | | | | |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(6)(24)(31) | Specialty finance debt investment | N/A |  | 12.00% | 7/2030 | 58702 | $58702 | $58702 |  |
| AAM Series 2.1 Aviation Feeder, LLC(3)(4)(6)(24)(31) | Specialty finance debt investment | N/A |  | 12.00% | 11/2030 | 76098 | 76098 | 76098 |  |
|  |  |  |  |  |  |  | 134800 | 134800 | 0.7% |
| **Specialty Retail** |  |  |  |  |  |  |  |  |  |
| Notorious Holdings LLC (dba Beauty Industry Group)(3)(4)(9)(24) | First lien senior secured loan | S+ |  | 9.00% | 12/2031 | 24376 | 24134 | 24132 |  |
| Notorious Topco, LLC (dba Beauty Industry Group)(3)(4)(9)(24) | First lien senior secured loan | S+ |  | 7.25% | 12/2030 | 50783 | 50561 | 50529 |  |
|  |  |  |  |  |  |  | 74695 | 74661 | 0.4% |
| **Total controlled/affiliated portfolio company debt investments** | **Total controlled/affiliated portfolio company debt investments** |  |  |  |  |  | $209495 | $209461 | 1.1% |
| **Total controlled/affiliated misc. debt commitments(22)(23)(Note 8)** | **Total controlled/affiliated misc. debt commitments(22)(23)(Note 8)** |  |  |  |  |  | $— | $(51) | —% |
| **Total controlled/affiliated portfolio company debt investments** | **Total controlled/affiliated portfolio company debt investments** |  |  |  |  |  | $209495 | $209410 | 1.1% |
| **Equity Investments** |  |  |  |  |  |  |  |  |  |
| **Asset based lending and fund finance** |  |  |  |  |  |  |  |  |  |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(22)(24)(29)(30)(31) | Specialty finance equity investment | N/A |  |  | N/A | 26517 | $26557 | $34762 |  |
| AAM Series 2.1 Aviation Feeder, LLC(3)(4)(24)(29)(30)(31) | Specialty finance equity investment | N/A |  |  | N/A | 29407 | 29448 | 46607 |  |
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)(3)(5)(24)(30)(31)(34) | Specialty finance equity investment | N/A |  |  | N/A | 137069 | 137069 | 136815 |  |
|  |  |  |  |  |  |  | 193074 | 218184 | 1.1% |
| **Insurance** |  |  |  |  |  |  |  |  |  |
| Fifth Season Investments LLC(3)(4)(24)(30) | Specialty finance equity investment | N/A |  |  | N/A | 31 | 310978 | 344960 |  |
|  |  |  |  |  |  |  | 310978 | 344960 | 1.7% |
| **Joint ventures** |  |  |  |  |  |  |  |  |  |
| OCIC SLF LLC (fka Blue Owl Credit Income Senior Loan Fund LLC)(5)(24)(30)(31) | LLC Interest | N/A |  |  | N/A | 314800 | 314808 | 280331 |  |
| Blue Owl Credit SLF LLC(3)(5)(24)(30)(31) | LLC Interest | N/A |  |  | N/A | 76960 | 76967 | 76791 |  |
| Blue Owl Leasing LLC(3)(5)(24)(29)(30)(31) | LLC Interest | N/A |  |  | N/A | 17237 | 17237 | 17229 |  |
|  |  |  |  |  |  |  | 409012 | 374351 | 1.9% |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |  |
| LSI Financing LLC(3)(5)(22)(24)(29)(30)(31) | Specialty finance equity investment | N/A |  |  | N/A | 296883 | 296883 | 321093 |  |
|  |  |  |  |  |  |  | 296883 | 321093 | 1.6% |
| **Specialty retail** |  |  |  |  |  |  |  |  |  |
| Notorious Purchaser II, Inc. (dba Beauty Industry Group)(3)(4)(24)(29)(30) | Class B Common Stock | N/A |  |  | N/A | 4063 | 49564 | 49564 |  |
|  |  |  |  |  |  |  | 49564 | 49564 | 0.3% |
| **Total controlled/affiliated portfolio company equity investments** | **Total controlled/affiliated portfolio company equity investments** |  |  |  |  |  | $1259511 | $1308152 | 6.6% |
| **Total controlled/affiliated portfolio company investments** | **Total controlled/affiliated portfolio company investments** |  |  |  |  |  | $1469006 | $1517562 | 7.7% |
| **Total Investments** |  |  |  |  |  |  | $35983158 | $35918948 | 181.8% |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Interest Rate and Cross-currency Swaps as of December 31, 2025** | **Interest Rate and Cross-currency Swaps as of December 31, 2025** | **Interest Rate and Cross-currency Swaps as of December 31, 2025** | **Interest Rate and Cross-currency Swaps as of December 31, 2025** | **Interest Rate and Cross-currency Swaps as of December 31, 2025** | **Interest Rate and Cross-currency Swaps as of December 31, 2025** | **Interest Rate and Cross-currency Swaps as of December 31, 2025** | **Interest Rate and Cross-currency Swaps as of December 31, 2025** | **Interest Rate and Cross-currency Swaps as of December 31, 2025** |
| | **Company Receives** | **Company Pays** | **Maturity Date** | **Notional Amount** | **Fair Value** | **Upfront Payments/Receipts** | **Change in Unrealized Appreciation / (Depreciation)** | **Hedged Instrument** | **Footnote Reference** |
| Interest rate swap(a)(b)(c) | 7.75% | S + 4.33% | 9/16/2027 | $600000 | $(768) | $— | $(768) | September 2027 Notes | Notes 5 and 7 |
| Cross-currency swap(a)(b)(c)(g) | 6.50% | S + 2.67% | 10/23/2027 | 253778 | (1902) |  | 18733 | AUD 2027 Notes | Notes 5 and 7 |
| Interest rate swap(b)(c)(f) | 6.50% | B + 2.72% | 10/23/2027 | 46993 | (231) |  | (184) | AUD 2027 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(d) | 5.90% | S + 2.18% | 5/23/2028 | 500000 | 3936 |  | 3936 | May 2028 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(e) | 7.95% | S + 4.49% | 6/13/2028 | 650000 | 70 |  | 70 | June 2028 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(c) | 7.75% | S + 3.65% | 1/15/2029 | 550000 | 10005 |  | 10404 | January 2029 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(c) | 6.60% | S + 2.39% | 8/15/2029 | 900000 | 23947 |  | 20202 | September 2029 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(c) | 5.80% | S + 2.62% | 2/15/2030 | 1000000 | (11766) |  | 32753 | March 2030 Notes | Notes 5 and 7 |
| Interest rate swap(b)(d)(h) | 4.25% | E + 1.93% | 1/31/2031 | 587218 | (6328) |  | (6328) | EUR 2031 Notes | Notes 5 and 7 |
| Interest rate swap(a)(b)(d) | 6.65% | S + 2.90% | 1/15/2031 | 750000 | 7717 |  | 7717 | March 2031 Notes | Notes 5 and 7 |
| **Total** |  |  |  | $5837989 | $24680 | $— | $86535 |  |  |

---

_______________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(a)</sup>Contains a variable rate structure. Bears interest at a rate determined by SOFR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(b)</sup>Instrument is used in a hedge accounting relationship. The associated change in fair value is recorded along with the change in net carrying value of the hedging item within interest expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(c)</sup>The Company has an ISDA agreement with Goldman Sachs Bank USA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(d)</sup>The Company has an ISDA agreement with Deutsche Bank AG.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(e)</sup>The Company has an ISDA agreement with US Bank National Association.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(f)</sup> Contains a variable rate structure. Bears interest at a rate determined by BBSY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(g)</sup>The associated change in foreign exchange rate of derivative is recorded along with the change in foreign exchange rate of the note within translation of assets and liabilities in foreign currencies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(h)</sup>Contains a variable rate structure. Bears interest at a rate determined by EURIBOR.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Forward Contracts as of December 31, 2025** | **Forward Contracts as of December 31, 2025** | **Forward Contracts as of December 31, 2025** | **Forward Contracts as of December 31, 2025** | **Forward Contracts as of December 31, 2025** | **Forward Contracts as of December 31, 2025** |
| | **Notional Amount to be Purchased** | **Notional Amount to be Sold** | **Counterparty** | **Settlement Date** | **Change in Unrealized Appreciation / (Depreciation)** | **Footnote Reference** |
| Foreign currency forward contract | $60102 | £45425 | SMBC Capital Markets, Inc. | 1/20/2026 | $(1103) | Note 7 |
| Foreign currency forward contract | 58000 | $67274 | US Bank National Association | 1/20/2026 | 945 | Note 7 |
| **Total** |  |  |  |  | $**(158)** |  |

---

_______________

<sup>(1)</sup> Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 30 for additional information on our restricted securities.

<sup>(2)</sup> The amortized cost represents the original cost adjusted for the amortization and accretion of premiums and discounts, as applicable, on debt investments using the effective interest method.

<sup>(3)</sup> Represents a co-investment made with the Company's affiliates in accordance with the terms of exemptive relief that the Company received from the U.S. Securities and Exchange Commission. See "*Note 3 — Agreements and Related Party Transactions."*

<sup>(4)</sup> Investments were valued using unobservable inputs and are considered Level 3 investments.

<sup>(5)</sup> Investment measured at NAV

<sup>(6)</sup> Investment contains a fixed-rate structure.

<sup>(7)</sup> Unless otherwise indicated, loan contains a variable rate structure, and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the SOFR (which can include one-, three-, six- or twelve-month SOFR), EURIBOR (which can include one-, three- or six-month EURIBOR), CORRA (which can include one- or three-month CORRA), BBSY (which can include one-, three-, or six-month BBSY), SONIA or an alternate base rate (which can include the Prime, at the borrower's option, and which reset periodically based on the terms of the loan agreement.

<sup>(8)</sup> The interest rate on these investments is subject to 1 month SOFR, which as of December 31, 2025 was 3.69%.

<sup>(9)</sup> The interest rate on these investments is subject to 3 month SOFR, which as of December 31, 2025 was 3.65%.

<sup>(10)</sup> The interest rate on these investments is subject to 6 month SOFR, which as of December 31, 2025 was 3.57%

<sup>(11)</sup> Reserved.

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

<sup>(12)</sup> The interest rate on these investments is subject to Prime, which as of December 31, 2025 was 6.75%.

<sup>(13)</sup> The interest rate on these investments is subject to 1 month EURIBOR, which as of December 31, 2025 was 1.94%.

<sup>(14)</sup> The interest rate on these investments is subject to 3 month EURIBOR, which as of December 31, 2025 was 2.03%.

<sup>(15)</sup> Reserved.

<sup>(16)</sup> The interest rate on these investments is subject to 1 month BBSY, which as of December 31, 2025 was 3.50%.

<sup>(17)</sup> Reserved.

<sup>(18)</sup> Reserved.

<sup>(19)</sup> The interest rate on these investments is subject to SONIA, which as of December 31, 2025 was 3.73%.

<sup>(20)</sup> Reserved.

<sup>(21)</sup> The interest rate on these investments is subject to 3 month CORRA, which as of December 31, 2025 was 2.26%.

<sup>(22)</sup> Position or portion thereof is a partially unfunded debt or equity commitment. See "*Note 8 — Commitments and Contingencies".* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| **Non-controlled/non-affiliated - debt commitments** | **Non-controlled/non-affiliated - debt commitments** | | | | |
| Aerosmith Bidco 1 Limited (dba Audiotonix) | First lien senior secured delayed draw term loan | 7/2027 | $— | $108341 | $— |
| AI Titan Parent, Inc. (dba Prometheus Group) | First lien senior secured delayed draw term loan | 9/2026 | 1528 | 5264 |  |
| Allied Benefit Systems Intermediate LLC | First lien senior secured delayed draw term loan | 12/2027 |  | 2482 | (6) |
| AlphaSense, Inc. | First lien senior secured delayed draw term loan | 6/2029 |  | 716 | (2) |
| AmeriLife Holdings LLC | First lien senior secured delayed draw term loan | 2/2027 |  | 34240 | (86) |
| AmeriLife Holdings LLC | First lien senior secured delayed draw term loan | 6/2026 | 30785 | 1409 |  |
| Anesthesia Consulting & Management, LP | First lien senior secured delayed draw term loan | 11/2027 |  | 7715 | (39) |
| Appfire Technologies, LLC | First lien senior secured delayed draw term loan | 6/2026 |  | 2688 |  |
| Aptean Acquiror, Inc. (dba Aptean) | First lien senior secured delayed draw term loan | 2/2027 |  | 10410 |  |
| Arctic Holdco, LLC (dba Novvia Group) | First lien senior secured delayed draw term loan | 1/2027 | 10925 | 6747 |  |
| Arctic US Bidco, Inc. (dba ThermoSafe) | First lien senior secured delayed draw term loan | 11/2027 |  | 49208 | (123) |
| Artifact Bidco, Inc. (dba Avetta) | First lien senior secured delayed draw term loan | 7/2027 |  | 3793 |  |
| Associations, Inc. | First lien senior secured delayed draw term loan | 2/2027 | 45399 | 36254 |  |
| Associations, Inc. | First lien senior secured delayed draw term loan | 7/2028 | 13526 | 24896 |  |
| Baker Tilly Advisory Group, LP | First lien senior secured delayed draw term loan | 6/2027 |  | 57843 |  |
| Bamboo US BidCo LLC | First lien senior secured delayed draw term loan | 11/2026 | 11195 | 2261 |  |
| Birdie Bidco, Inc. (dba Concert Golf Partners) | First lien senior secured delayed draw term loan | 11/2027 |  | 43225 | (108) |
| Bracket Intermediate Holding Corp. | First lien senior secured delayed draw term loan | 10/2027 |  | 12008 | (60) |
| BusinessSolver.com, Inc. | First lien senior secured delayed draw term loan | 12/2027 |  | 2462 | (6) |
| Brightway Holdings, LLC | First lien senior secured delayed draw term loan | 1/2027 | 7167 | 2274 |  |
| Cambrex Corporation | First lien senior secured delayed draw term loan | 3/2027 |  | 33294 |  |
| Cambrex Corporation | First lien senior secured delayed draw term loan | 9/2026 |  | 62427 |  |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured delayed draw term loan | 1/2027 | 112 | 8843 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.) | First lien senior secured delayed draw term loan | 9/2027 | 606 | 10472 |  |
| CivicPlus, LLC | First lien senior secured delayed draw term loan | 5/2027 | 5415 | 3763 |  |
| CivicPlus, LLC | First lien senior secured delayed draw term loan | 12/2027 |  | 25316 |  |
| Cohnreznick Advisory LLC | First lien senior secured delayed draw term loan | 3/2027 |  | 6774 |  |
| Commander Buyer, Inc. (dba CenExel) | First lien senior secured delayed draw term loan | 6/2027 |  | 33764 |  |
| CMG HoldCo, LLC (dba Crete United) | First lien senior secured delayed draw term loan | 7/2027 | 17606 | 34920 | (25) |
| Computer Services, Inc. (dba CSI) | First lien senior secured delayed draw term loan | 11/2027 |  | 28288 |  |
| CoreTrust Purchasing Group LLC | First lien senior secured delayed draw term loan | 5/2026 |  | 5995 |  |
| Coupa Holdings, LLC | First lien senior secured delayed draw term loan | 6/2027 |  | 2174 |  |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured delayed draw term loan | 6/2026 | 2010 | 2463 |  |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured delayed draw term loan | 7/2027 | 36604 | 38299 |  |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured delayed draw term loan | 8/2027 |  | 6726 | (34) |
| Databricks, Inc. | First lien senior secured delayed draw term loan | 7/2026 |  | 16531 |  |
| Databricks, Inc. | First lien senior secured delayed draw term loan | 7/2026 |  | 33967 |  |
| DCCM, LLC | First lien senior secured delayed draw term loan | 6/2027 |  | 26232 | (131) |
| DCG ACQUISITION CORP. (dba DuBois Chemical) | First lien senior secured delayed draw term loan | 6/2026 | 11284 | 4615 |  |
| DuraServ LLC | First lien senior secured delayed draw term loan | 11/2027 |  | 53135 | (266) |
| DuraServ LLC | First lien senior secured delayed draw term loan | 3/2027 | 42498 | 29793 |  |
| EET Buyer, Inc. (dba e-Emphasys) | First lien senior secured delayed draw term loan | 1/2027 | 6818 | 1705 |  |
| Engineered Machinery Holdings, Inc. (dba Duravant) | First lien senior secured delayed draw term loan | 5/2026 | 35 | 88 |  |
| EresearchTechnology, Inc. (dba Clario) | First lien senior secured delayed draw term loan | 1/2027 | 4666 | 28660 |  |
| Essential Services Holding Corporation (dba Turnpoint) | First lien senior secured delayed draw term loan | 6/2026 |  | 6970 | (87) |
| Eternal Buyer, LLC (dba Wedgewood Weddings) | First lien senior secured delayed draw term loan | 6/2027 |  | 15411 |  |
| First Eagle Holdings, Inc. | First lien senior secured delayed draw term loan | 6/2027 |  | 4375 | (9) |
| FR Flow Control CB LLC (dba Trillium Flow Technologies) | First lien senior secured delayed draw term loan | 6/2026 |  | 28307 |  |
| Galls, LLC | First lien senior secured delayed draw term loan | 3/2026 | 32683 | 6438 |  |
| Galway Borrower LLC | First lien senior secured delayed draw term loan | 7/2026 | 10145 | 39539 |  |
| GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured delayed draw term loan | 3/2026 | 121 | 204 |  |
| GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured delayed draw term loan | 5/2027 |  | 888 | (7) |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Gusto, Inc. | First lien senior secured delayed draw term loan | 11/2027 |  | 12896 |  |
| Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured delayed draw term loan | 12/2028 |  | 8132 |  |
| HIG Operations Holdings, Inc. (dba Higginbotham) | First lien senior secured delayed draw term loan A | 9/2026 |  | 5375 |  |
| HIG Operations Holdings, Inc. (dba Higginbotham) | First lien senior secured delayed draw term loan B | 12/2027 |  | 5000 | (13) |
| Himalaya Topco LLC (dba HealthEdge) | First lien senior secured delayed draw term loan | 6/2027 |  | 7290 | (36) |
| Himalaya Topco LLC (dba HealthEdge) | First lien senior secured delayed draw term loan | 12/2027 |  | 7290 | (36) |
| Home Service TopCo IV, Inc. | First lien senior secured delayed draw term loan | 2/2026 |  | 2519 |  |
| Horizon Avionics Buyer, LLC (dba Acron Aviation) | First lien senior secured delayed draw term loan | 11/2027 |  | 49936 | (125) |
| Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured delayed draw term loan | 7/2026 | 4710 | 8687 |  |
| Integrity Marketing Acquisition, LLC | First lien senior secured delayed draw term loan | 8/2026 |  | 24080 |  |
| Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured delayed draw term loan | 6/2026 |  | 5079 | (25) |
| Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages) | First lien senior secured delayed draw term loan | 11/2028 |  | 7032 | (18) |
| Jellyfish Bidco Limited (dba JTC) | First lien senior secured GBP delayed draw term loan | 11/2028 |  | 8770 |  |
| Jellyfish Bidco Limited (dba JTC) | First lien senior secured EUR term loan | 11/2032 |  | 7019 |  |
| Jellyfish Bidco Limited (dba JTC) | First lien senior secured GBP term loan | 11/2032 |  | 8039 |  |
| Jellyfish US Finco, Inc. (dba JTC) | First lien senior secured loan | 11/2032 |  | 48141 |  |
| Klick Inc. | First lien senior secured delayed draw term loan | 11/2027 |  | 18088 | (45) |
| KRIV Acquisition Inc. (dba Riveron) | First lien senior secured delayed draw term loan | 9/2027 |  | 16623 |  |
| KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured delayed draw term loan | 2/2027 |  | 3857 |  |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) | First lien senior secured delayed draw term loan | 8/2027 | 98647 | 114006 |  |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group) | First lien senior secured delayed draw term loan | 9/2026 | 10652 | 40893 |  |
| Lightbeam Bidco, Inc. (dba Lazer Spot) | First lien senior secured delayed draw term loan | 12/2027 | 10837 | 15172 |  |
| Litera Bidco LLC | First lien senior secured delayed draw term loan | 11/2026 | 8697 | 767 |  |
| Litera Bidco LLC | First lien senior secured delayed draw term loan | 5/2027 |  | 3981 |  |
| MAJCO LLC (dba Big Brand Tire & Service) | First lien senior secured delayed draw term loan | 9/2027 | 40435 | 166071 |  |
| ManTech International Corporation | First lien senior secured delayed draw term loan | 2/2026 |  | 403 |  |
| Maple Acquisition, LLC (dba Medicus) | First lien senior secured delayed draw term loan | 5/2026 |  | 20448 |  |
| ML Holdco, Inc. (dba Meridian Link) | First lien senior secured delayed draw term loan | 10/2027 |  | 8012 | (20) |
| Monotype Imaging Holdings Inc. | First lien senior secured delayed draw term loan | 2/2026 | 3589 | 10394 |  |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A. | First lien senior secured EUR delayed draw term loan | 3/2027 |  | 25351 | (190) |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Nelipak Holding Company | First lien senior secured delayed draw term loan | 3/2027 | 7301 | 4486 |  |
| OneOncology, LLC | First lien senior secured delayed draw term loan | 10/2027 | 31686 | 86925 |  |
| One, Inc. Software Corporation | First lien senior secured delayed draw term loan | 12/2027 |  | 19375 | (48) |
| Packaging Coordinators Midco, Inc. | First lien senior secured delayed draw term loan | 4/2026 |  | 77828 |  |
| Packaging Coordinators Midco, Inc. | First lien senior secured delayed draw term loan | 4/2026 | 2825 | 8393 |  |
| Paris US Holdco, Inc. (dba Precinmac) | First lien senior secured delayed draw term loan | 12/2026 |  | 18063 |  |
| Peachtree Buyer, Inc. (dba Pond & Company) | First lien senior secured delayed draw term loan | 12/2027 |  | 31126 | (156) |
| PerkinElmer U.S. LLC | First lien senior secured delayed draw term loan | 10/2027 |  | 35613 |  |
| PG Buyer, LLC | First lien senior secured delayed draw term loan | 9/2027 |  | 7074 |  |
| Pike Corp. | First lien senior secured delayed draw term loan | 12/2028 |  | 53430 | (134) |
| Premise Health Holding Corp. | First lien senior secured delayed draw term loan | 11/2027 |  | 13358 | (67) |
| Raven Acquisition Holdings, LLC (dba R1 RCM) | First lien senior secured delayed draw term loan | 10/2026 |  | 1783 |  |
| RL Datix Holdings (USA), Inc. | First lien senior secured delayed draw term loan | 4/2027 |  | 14908 |  |
| Saber Parent Holdings Corp. (dba Service Logic) | First lien senior secured delayed draw term loan | 12/2028 |  | 24780 | (62) |
| Savor Acquisition, Inc. (dba Sauer Brands) | First lien senior secured delayed draw term loan | 3/2027 |  | 1962 |  |
| Salinger Bidco Inc. (dba Surgical Information Systems) | First lien senior secured delayed draw term loan | 8/2026 |  | 5742 |  |
| Sentinel Buyer Corp. (dba SimpliSafe) | First lien senior secured delayed draw term loan | 11/2027 |  | 18684 | (93) |
| Severin Acquisition, LLC (dba PowerSchool) | First lien senior secured delayed draw term loan | 10/2027 | 5732 | 21481 |  |
| SimonMed, Inc. | First lien senior secured delayed draw term loan | 2/2027 | 32034 | 13861 |  |
| Simplicity Financial Marketing Group Holdings, Inc. | First lien senior secured delayed draw term loan | 12/2026 | 19154 | 20994 |  |
| Smarsh Inc. | First lien senior secured delayed draw term loan | 1/2027 |  | 20347 | (25) |
| Soleo Holdings, Inc. | First lien senior secured delayed draw term loan | 2/2027 |  | 15932 |  |
| Sonny's Enterprises, LLC | First lien senior secured delayed draw term loan | 6/2027 | 8713 | 9957 |  |
| Southern Air & Heat Holdings, LLC | First lien senior secured delayed draw term loan | 12/2027 | 10420 | 20889 |  |
| Spaceship Purchaser, Inc. (dba Squarespace) | First lien senior secured delayed draw term loan | 10/2027 |  | 17957 |  |
| Spotless Brands, LLC | First lien senior secured delayed draw term loan | 3/2027 | 11844 | 70156 |  |
| STS PARENT, LLC (dba STS Aviation Group) | First lien senior secured delayed draw term loan | 10/2026 |  | 37550 | (188) |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured delayed draw term loan | 7/2027 | 2965 | 7115 |  |
| TBRS, Inc. (dba TEAM Technologies) | First lien senior secured delayed draw term loan | 11/2026 |  | 18303 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Themis Solutions Inc. (dba Clio) | First lien senior secured delayed draw term loan | 10/2027 |  | 8310 | (83) |
| THG Acquisition, LLC (dba Hilb) | First lien senior secured delayed draw term loan | 10/2026 | 6009 | 14682 |  |
| Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured delayed draw term loan | 10/2026 | 20369 | 6858 |  |
| Troon Golf, L.L.C. | First lien senior secured delayed draw term loan | 9/2026 | 27175 | 27449 |  |
| Tricentis Operations Holdings, Inc. | First lien senior secured delayed draw term loan | 2/2027 |  | 10055 | (50) |
| Unified Women's Healthcare, LP | First lien senior secured delayed draw term loan | 9/2027 |  | 14872 |  |
| Unit4 Group Holding B.V. | First lien senior secured EUR delayed draw term loan | 1/2030 |  | 12196 |  |
| Unit4 Group Holding B.V. | First lien senior secured EUR term loan | 1/2033 |  | 130093 |  |
| U.S. Urology Partners LLC | First lien senior secured delayed draw term loan | 10/2027 |  | 25000 | (156) |
| USIC Holdings, Inc. | First lien senior secured delayed draw term loan | 9/2026 | 1274 | 954 |  |
| USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | First lien senior secured delayed draw term loan | 8/2026 | 6164 | 7774 |  |
| Vensure Employer Services, Inc. | First lien senior secured delayed draw term loan | 9/2026 |  | 3125 | (16) |
| Vessco Midco Holdings, LLC | First lien senior secured delayed draw term loan | 7/2026 | 19745 | 4140 |  |
| Vessco Midco Holdings, LLC | First lien senior secured delayed draw term loan | 5/2028 |  | 23778 |  |
| Victors Purchaser, LLC (dba Service Express) | First lien senior secured delayed draw term loan | 12/2027 |  | 8737 | (22) |
| Walker Edison Furniture Company LLC | First lien senior secured delayed draw term loan | 2/2026 | 141 | 201 | (6) |
| Walker Edison Furniture Company LLC | First lien senior secured delayed draw term loan | 3/2027 | 305 | 131 |  |
| W.A. Kendall and Company, LLC | First lien senior secured delayed draw term loan | 12/2026 | 11413 | 47840 |  |
| Wipfli Advisory LLC | First lien senior secured delayed draw term loan | 4/2028 |  | 23102 | (33) |
| Wrench Group LLC | First lien senior secured delayed draw term loan | 9/2027 |  | 32404 |  |
| WU Holdco, Inc. (dba PurposeBuilt Brands) | First lien senior secured delayed draw term loan | 4/2027 |  | 46130 |  |
| Zendesk, Inc. | First lien senior secured delayed draw term loan | 5/2026 |  | 14609 |  |
| ACR Group Borrower, LLC\* | First lien senior secured revolving loan | 3/2026 |  |  |  |
| Accommodations Plus Technologies LLC | First lien senior secured revolving loan | 5/2032 |  | 1250 | (11) |
| Activate Holdings (US) Corp. (dba Absolute Software) | First lien senior secured revolving loan | 7/2029 |  | 352 |  |
| Aerosmith Bidco 1 Limited (dba Audiotonix) | First lien senior secured revolving loan | 7/2030 |  | 44919 |  |
| AI Titan Parent, Inc. (dba Prometheus Group) | First lien senior secured revolving loan | 8/2031 |  | 4245 | (42) |
| Alera Group, Inc. | First lien senior secured revolving loan | 5/2030 |  | 12500 |  |
| AmeriLife Holdings LLC | First lien senior secured revolving loan | 8/2028 | 5565 | 27827 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Anaplan, Inc. | First lien senior secured revolving loan | 6/2028 |  | 16528 |  |
| Anesthesia Consulting & Management, LP | First lien senior secured revolving loan | 12/2030 |  | 9022 | (90) |
| Appfire Technologies, LLC | First lien senior secured revolving loan | 3/2028 | 350 | 1283 |  |
| Aptean Acquiror, Inc. (dba Aptean) | First lien senior secured revolving loan | 1/2031 | 2428 | 6069 |  |
| Arctic Holdco, LLC (dba Novvia Group) | First lien senior secured revolving loan | 1/2031 | 2130 | 9706 |  |
| Atlas Borrower, LLC (dba Anovo) | First lien senior secured revolving loan | 9/2032 |  | 15983 | (160) |
| Artifact Bidco, Inc. (dba Avetta) | First lien senior secured revolving loan | 7/2030 |  | 2710 |  |
| Arctic US Bidco, Inc. (dba ThermoSafe) | First lien senior secured multi-currency revolving loan | 11/2032 |  | 16403 | (82) |
| Ascend Buyer, LLC (dba PPC Flexible Packaging) | First lien senior secured revolving loan | 9/2028 | 1146 | 7041 |  |
| Associations, Inc. | First lien senior secured revolving loan | 7/2028 |  | 25389 |  |
| Atlas US Finco, Inc. (dba Nearmap) | First lien senior secured revolving loan | 12/2028 |  | 7697 | (38) |
| AWP Group Holdings, Inc. | First lien senior secured revolving loan | 12/2030 | 2757 | 3048 |  |
| Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.) | First lien senior secured revolving loan | 3/2031 |  | 1995 |  |
| Baker Tilly Advisory Group, LP | First lien senior secured revolving loan | 6/2030 |  | 43084 |  |
| Bamboo US BidCo LLC | First lien senior secured revolving loan | 10/2029 |  | 20128 |  |
| Bayshore Intermediate #2, L.P. (dba Boomi) | First lien senior secured revolving loan | 10/2027 | 4547 | 13789 |  |
| BCPE Pequod Buyer, Inc. (dba Envestnet) | First lien senior secured revolving loan | 11/2029 |  | 16634 |  |
| BCPE Osprey Buyer, Inc. (dba PartsSource) | First lien senior secured revolving loan | 8/2026 | 3879 | 776 |  |
| BCTO BSI Buyer, Inc. (dba Buildertrend) | First lien senior secured revolving loan | 12/2028 |  | 161 |  |
| Belmont Buyer, Inc. (dba Valenz) | First lien senior secured revolving loan | 6/2029 |  | 6650 |  |
| Birdie Bidco, Inc. (dba Concert Golf Partners) | First lien senior secured revolving loan | 11/2032 | 2690 | 21324 |  |
| Blast Bidco Inc. (dba Bazooka Candy Brands) | First lien senior secured revolving loan | 10/2029 |  | 4179 |  |
| Bristol Hospice L.L.C. | First lien senior secured revolving loan | 8/2032 |  | 19229 |  |
| Bracket Intermediate Holding Corp. | First lien senior secured revolving loan | 10/2031 |  | 5003 | (50) |
| Brightway Holdings, LLC | First lien senior secured revolving loan | 12/2027 | 696 | 1410 |  |
| BTRS Holdings Inc. (dba Billtrust) | First lien senior secured revolving loan | 12/2028 | 2893 | 2170 |  |
| BusinessSolver.com, Inc. | First lien senior secured revolving loan | 12/2032 |  | 1097 | (5) |
| By Light Professional IT Services LLC | First lien senior secured revolving loan | 7/2031 |  | 7025 | (105) |
| Cadence, Inc. | First lien senior secured revolving loan | 5/2028 | 810 | 2084 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Cambrex Corporation | First lien senior secured revolving loan | 3/2032 | 1665 | 27468 |  |
| Canadian Hospital Specialties Limited | First lien senior secured revolving loan | 4/2027 | 235 | 198 |  |
| Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.) | First lien senior secured revolving loan | 8/2027 | 108 | 773 |  |
| CCI BUYER, INC. (dba Consumer Cellular) | First lien senior secured revolving loan | 5/2032 |  | 29023 |  |
| CMG HoldCo, LLC (dba Crete United) | First lien senior secured revolving loan | 11/2030 |  | 11550 | (29) |
| CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) | First lien senior secured revolving loan | 6/2029 |  | 2239 |  |
| Certinia Inc. | First lien senior secured revolving loan | 8/2031 |  | 15425 | (39) |
| CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.) | First lien senior secured revolving loan | 1/2030 |  | 3692 |  |
| CivicPlus, LLC | First lien senior secured revolving loan | 8/2030 |  | 6058 |  |
| Commander Buyer, Inc. (dba CenExel) | First lien senior secured revolving loan | 6/2032 |  | 22509 |  |
| CoreTrust Purchasing Group LLC | First lien senior secured revolving loan | 10/2029 |  | 14183 |  |
| Coupa Holdings, LLC | First lien senior secured revolving loan | 2/2029 |  | 1664 |  |
| CPM Holdings, Inc. | First lien senior secured revolving loan | 6/2028 | 861 | 4139 |  |
| Creek Parent, Inc. (dba Catalent) | First lien senior secured revolving loan | 12/2031 |  | 42297 | (211) |
| Crewline Buyer, Inc. (dba New Relic) | First lien senior secured revolving loan | 11/2030 |  | 17226 | (129) |
| CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) | First lien senior secured revolving loan | 8/2031 |  | 50193 |  |
| D4C Dental Brands, Inc. | First lien senior secured revolving loan | 11/2029 | 4913 | 8188 |  |
| DCG ACQUISITION CORP. (dba DuBois Chemical) | First lien senior secured revolving loan | 6/2031 |  | 15899 | (159) |
| DCCM, LLC | First lien senior secured revolving loan | 6/2032 |  | 10493 | (105) |
| Denali BuyerCo, LLC (dba Summit Companies)\* | First lien senior secured revolving loan | 9/2027 |  |  |  |
| Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet) | First lien senior secured revolving loan | 8/2032 |  | 25284 | (379) |
| Deerfield Dakota Holdings | First lien senior secured revolving loan | 9/2032 |  | 47046 | (235) |
| Diamond Mezzanine 24 LLC (dba United Risk) | First lien senior secured revolving loan | 10/2030 | 1976 | 4199 |  |
| Dresser Utility Solutions, LLC | First lien senior secured revolving loan | 3/2029 |  | 10552 |  |
| DuraServ LLC | First lien senior secured revolving loan | 6/2030 | 3234 | 21022 |  |
| Eagle Family Foods Group LLC | First lien senior secured revolving loan | 8/2030 |  | 20344 |  |
| EET Buyer, Inc. (dba e-Emphasys) | First lien senior secured revolving loan | 11/2027 |  | 3387 |  |
| Einstein Parent, Inc. (dba Smartsheet) | First lien senior secured revolving loan | 1/2031 |  | 7949 | (60) |
| Essential Services Holding Corporation (dba Turnpoint) | First lien senior secured revolving loan | 6/2030 | 1743 | 2614 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| EresearchTechnology, Inc. (dba Clario) | First lien senior secured revolving loan | 10/2031 |  | 16663 |  |
| Eternal Buyer, LLC (dba Wedgewood Weddings) | First lien senior secured revolving loan | 6/2032 |  | 15411 | (77) |
| Evolution BuyerCo, Inc. (dba SIAA) | First lien senior secured revolving loan | 4/2030 |  | 12968 |  |
| Fiesta Purchaser, Inc. (dba Shearer's Foods) | First lien senior secured revolving loan | 2/2029 | 1938 | 14677 |  |
| Flexera Software LLC | First lien senior secured revolving loan | 8/2032 |  | 8085 | (20) |
| Forescout Technologies, Inc. | First lien senior secured revolving loan | 5/2031 |  | 12702 | (64) |
| Formerra, LLC | First lien senior secured revolving loan | 11/2028 |  | 526 |  |
| Fortis Solutions Group, LLC | First lien senior secured revolving loan | 10/2027 | 1968 | 4779 |  |
| Foundation Consumer Brands, LLC | First lien senior secured revolving loan | 2/2029 |  | 3411 | (17) |
| FR Flow Control CB LLC (dba Trillium Flow Technologies) | First lien senior secured revolving loan | 12/2029 |  | 23160 |  |
| Galls, LLC | First lien senior secured revolving loan | 3/2030 | 5102 | 10596 |  |
| Galway Borrower LLC | First lien senior secured revolving loan | 9/2028 | 1096 | 5170 |  |
| Gaylord Chemical Company, L.L.C. | First lien senior secured revolving loan | 12/2027 | 2463 | 1509 |  |
| Gerson Lehrman Group, Inc. | First lien senior secured revolving loan | 12/2028 |  | 8404 |  |
| GI Apple Midco LLC (dba Atlas Technical Consultants) | First lien senior secured revolving loan | 4/2029 | 4987 | 6095 |  |
| GI Ranger Intermediate, LLC (dba Rectangle Health) | First lien senior secured revolving loan | 10/2027 | 223 | 1450 |  |
| Granicus, Inc. | First lien senior secured revolving loan | 1/2031 |  | 4633 |  |
| GS Acquisitionco, Inc. (dba insightsoftware) | First lien senior secured revolving loan | 5/2028 | 92 | 156 |  |
| Hercules Borrower, LLC (dba The Vincit Group) | First lien senior secured revolving loan | 12/2028 |  | 12595 |  |
| Himalaya Topco LLC (dba HealthEdge) | First lien senior secured revolving loan | 6/2032 |  | 8202 | (82) |
| Hissho Parent, LLC | First lien senior secured revolving loan | 5/2029 |  | 11009 |  |
| Home Service TopCo IV, Inc. | First lien senior secured revolving loan | 12/2027 |  | 3359 |  |
| Horizon Avionics Buyer, LLC (dba Acron Aviation) | First lien senior secured revolving loan | 3/2032 | 4394 | 20574 |  |
| Hyland Software, Inc. | First lien senior secured revolving loan | 9/2029 |  | 6978 |  |
| Icefall Parent, Inc. (dba EngageSmart) | First lien senior secured revolving loan | 1/2030 |  | 2749 |  |
| Ideal Image Development, LLC | First lien senior secured revolving loan | 2/2029 | 1587 | 566 |  |
| IG Investments Holdings, LLC (dba Insight Global) | First lien senior secured revolving loan | 9/2028 |  | 4866 |  |
| Indigo Buyer, Inc. (dba Inovar Packaging Group) | First lien senior secured revolving loan | 5/2028 |  | 12700 |  |
| Indikami Bidco, LLC (dba IntegriChain) | First lien senior secured revolving loan | 6/2030 | 3566 | 1126 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Integrated Specialty Coverages, LLC\* | First lien senior secured revolving loan | 7/2029 |  |  |  |
| Integrity Marketing Acquisition, LLC | First lien senior secured revolving loan | 8/2028 |  | 17886 |  |
| Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)\* | First lien senior secured revolving loan | 8/2026 | 2049 |  |  |
| Interoperability Bidco, Inc. (dba Lyniate) | First lien senior secured revolving loan | 3/2028 | 1204 | 4814 |  |
| IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)) | First lien senior secured revolving loan | 12/2028 |  | 23738 |  |
| Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages) | First lien senior secured revolving loan | 11/2032 |  | 6188 | (31) |
| Jellyfish Bidco Limited (dba JTC) | First lien senior secured multi-currency revolving loan | 11/2032 |  | 14616 |  |
| Jeppesen Holdings, LLC | First lien senior secured multi-currency revolving loan | 10/2032 |  | 863 | (6) |
| JS Parent, Inc. (dba Jama Software) | First lien senior secured revolving loan | 4/2031 |  | 88 |  |
| KABAFUSION Parent, LLC | First lien senior secured revolving loan | 11/2031 |  | 8903 |  |
| KENE Acquisition, Inc. (dba Entrust Solutions Group) | First lien senior secured revolving loan | 2/2031 | 396 | 1846 |  |
| Klick Inc. | First lien senior secured revolving loan | 11/2031 |  | 18088 | (90) |
| KRIV Acquisition Inc. (dba Riveron) | First lien senior secured revolving loan | 7/2031 | 1142 | 13393 |  |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) | First lien senior secured revolving loan | 12/2029 |  | 45413 | (114) |
| KWOR Acquisition, Inc. (dba Alacrity Solutions) | First lien senior secured revolving loan | 2/2030 |  | 2877 |  |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group) | First lien senior secured revolving loan | 9/2029 |  | 8600 |  |
| Lightbeam Bidco, Inc. (dba Lazer Spot) | First lien senior secured revolving loan | 5/2029 |  | 11685 |  |
| Lignetics Investment Corp. | First lien senior secured revolving loan | 10/2026 |  | 11471 | (29) |
| Litera Bidco LLC | First lien senior secured revolving loan | 5/2028 |  | 2266 |  |
| MAJCO LLC (dba Big Brand Tire & Service) | First lien senior secured revolving loan | 9/2032 |  | 59002 | (148) |
| Magnet Forensics, LLC (f/k/a Grayshift, LLC) | First lien senior secured revolving loan | 7/2028 |  | 2419 |  |
| ManTech International Corporation | First lien senior secured revolving loan | 9/2028 |  | 1806 |  |
| Maple Acquisition, LLC (dba Medicus) | First lien senior secured revolving loan | 5/2030 |  | 15336 |  |
| Mario Purchaser, LLC (dba Len the Plumber) | First lien senior secured revolving loan | 4/2028 | 7341 | 697 |  |
| McQueen Bidco PTY LTD. (dba Infomedia) | First lien senior secured revolving loan | 12/2032 |  | 4927 | (12) |
| MHE Intermediate Holdings, LLC (dba OnPoint Group) | First lien senior secured revolving loan | 7/2027 | 1429 | 2143 |  |
| Milan Laser Holdings LLC | First lien senior secured revolving loan | 4/2027 |  | 2553 | (64) |
| Ministry Brands Holdings, LLC | First lien senior secured revolving loan | 12/2027 | 395 | 4350 |  |
| Minotaur Acquisition, Inc. (dba Inspira Financial) | First lien senior secured revolving loan | 6/2030 |  | 25814 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Mitnick Corporate Purchaser, Inc. | First lien senior secured revolving loan | 5/2027 | 1438 | 7938 |  |
| Modernizing Medicine, Inc. (dba ModMed) | First lien senior secured revolving loan | 4/2032 |  | 10683 | (53) |
| Monotype Imaging Holdings Inc. | First lien senior secured revolving loan | 2/2030 |  | 21041 |  |
| Natural Partners, LLC | First lien senior secured revolving loan | 11/2030 |  | 11814 |  |
| NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A. | First lien senior secured EUR revolving loan | 3/2031 | 413 | 4316 |  |
| Nelipak Holding Company | First lien senior secured revolving loan | 3/2031 | 1319 | 7477 |  |
| Neptune Holdings, Inc. (dba NexTech) | First lien senior secured revolving loan | 8/2029 |  | 4118 | (10) |
| NMI Acquisitionco, Inc. (dba Network Merchants) | First lien senior secured revolving loan | 9/2028 |  | 558 |  |
| OAC Holdings I Corp. (dba Omega Holdings) | First lien senior secured revolving loan | 3/2028 |  | 2572 | (39) |
| OB Hospitalist Group, Inc. | First lien senior secured revolving loan | 9/2027 |  | 7993 |  |
| Offen, Inc. | First lien senior secured revolving loan | 7/2029 |  | 2268 | (23) |
| Ole Smoky Distillery, LLC | First lien senior secured revolving loan | 3/2028 |  | 3302 | (173) |
| One, Inc. Software Corporation | First lien senior secured revolving loan | 12/2032 |  | 7750 | (39) |
| OneOncology, LLC | First lien senior secured revolving loan | 6/2029 |  | 41243 |  |
| Packaging Coordinators Midco, Inc. | First lien senior secured revolving loan | 10/2032 |  | 51253 | (256) |
| Paris US Holdco, Inc. (dba Precinmac) | First lien senior secured revolving loan | 12/2031 | 677 | 8354 |  |
| Park Place Technologies, LLC\* | First lien senior secured revolving loan | 3/2030 |  |  |  |
| Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.) | First lien senior secured revolving loan | 1/2028 | 554 | 7206 |  |
| PDI TA Holdings, Inc. | First lien senior secured revolving loan | 2/2031 | 3683 | 1339 |  |
| Peachtree Buyer, Inc. (dba Pond & Company) | First lien senior secured revolving loan | 12/2032 | 3113 | 17120 |  |
| PG Buyer, LLC | First lien senior secured revolving loan | 9/2031 |  | 4042 | (20) |
| PetVet Care Centers, LLC | First lien senior secured revolving loan | 11/2029 | 3326 | 29932 |  |
| Valeris, Inc. (fka Phantom Purchaser, Inc.) | First lien senior secured revolving loan | 9/2031 |  | 33898 | (85) |
| Pike Corp. | First lien senior secured revolving loan | 12/2032 |  | 35620 | (178) |
| Ping Identity Holding Corp.\* | First lien senior secured revolving loan | 10/2028 |  |  |  |
| Plasma Buyer LLC (dba PathGroup)\* | First lien senior secured revolving loan | 5/2028 | 12799 |  |  |
| PPV Intermediate Holdings, LLC | First lien senior secured revolving loan | 8/2029 | 1482 | 10372 |  |
| Premise Health Holding Corp. | First lien senior secured revolving loan | 11/2031 |  | 11308 | (113) |
| Pye-Barker Fire & Safety, LLC\* | First lien senior secured revolving loan | 5/2030 |  |  |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Puma Buyer, LLC (dba PANTHERx) | First lien senior secured revolving loan | 3/2032 |  | 31523 |  |
| QAD, Inc. | First lien senior secured revolving loan | 11/2027 |  | 6000 |  |
| Quva Pharma, Inc. | First lien senior secured revolving loan | 4/2026 | 336 | 118 |  |
| Relativity ODA LLC | First lien senior secured revolving loan | 5/2029 |  | 2797 |  |
| Rhea Parent, Inc. | First lien senior secured revolving loan | 12/2030 |  | 21596 | (216) |
| RL Datix Holdings (USA), Inc. | First lien senior secured revolving loan | 10/2030 |  | 13053 |  |
| Saber Parent Holdings Corp. (dba Service Logic) | First lien senior secured revolving loan | 12/2032 |  | 12390 | (62) |
| Salinger Bidco Inc. (dba Surgical Information Systems) | First lien senior secured revolving loan | 5/2031 | 479 | 5264 |  |
| SCHP Purchaser, Inc. (dba St. Croix Hospice) | First lien senior secured revolving loan | 10/2032 |  | 19885 | (199) |
| Soleo Holdings, Inc. | First lien senior secured revolving loan | 2/2032 |  | 15932 |  |
| Securonix, Inc. | First lien senior secured revolving loan | 4/2028 |  | 5339 | (521) |
| Sensor Technology Topco, Inc. (dba Humanetics) | First lien senior secured revolving loan | 5/2028 | 6854 | 13708 |  |
| Severin Acquisition, LLC (dba PowerSchool) | First lien senior secured revolving loan | 10/2031 |  | 16326 | (204) |
| SimonMed, Inc. | First lien senior secured revolving loan | 2/2031 | 13810 | 16879 |  |
| Simplicity Financial Marketing Group Holdings, Inc. | First lien senior secured revolving loan | 12/2031 |  | 20119 |  |
| Smarsh Inc. | First lien senior secured revolving loan | 2/2029 | 4175 | 6622 |  |
| Soliant Lower Intermediate, LLC (dba Soliant) | First lien senior secured revolving loan | 6/2031 |  | 15556 | (3072) |
| Sonny's Enterprises, LLC | First lien senior secured revolving loan | 8/2027 | 10394 | 15507 |  |
| Southern Air & Heat Holdings, LLC | First lien senior secured revolving loan | 1/2029 | 30 | 252 |  |
| Spaceship Purchaser, Inc. (dba Squarespace) | First lien senior secured revolving loan | 10/2031 |  | 14965 |  |
| Spotless Brands, LLC | First lien senior secured revolving loan | 7/2028 | 449 | 1795 |  |
| STS PARENT, LLC (dba STS Aviation Group) | First lien senior secured revolving loan | 10/2030 | 10702 | 4318 |  |
| SWK BUYER, Inc. (dba Stonewall Kitchen) | First lien senior secured revolving loan | 3/2029 |  | 5579 | (167) |
| Tamarack Intermediate, L.L.C. (dba Verisk 3E) | First lien senior secured revolving loan | 3/2029 |  | 5336 |  |
| TBRS, Inc. (dba TEAM Technologies) | First lien senior secured revolving loan | 11/2030 |  | 20918 | (105) |
| The Better Being Co., LLC (fka Nutraceutical International Corporation) | First lien senior secured revolving loan | 12/2029 |  | 13257 | (133) |
| Themis Solutions Inc. (dba Clio) | First lien senior secured revolving loan | 10/2032 |  | 6925 | (69) |
| THG Acquisition, LLC (dba Hilb) | First lien senior secured revolving loan | 10/2031 | 1361 | 8997 |  |
| Thunder Purchaser, Inc. (dba Vector Solutions) | First lien senior secured revolving loan | 6/2027 |  | 1021 |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| Tricentis Operations Holdings, Inc. | First lien senior secured revolving loan | 2/2032 |  | 6284 | (63) |
| Troon Golf, L.L.C. | First lien senior secured revolving loan | 8/2028 |  | 27449 |  |
| Truist Insurance Holdings, LLC | First lien senior secured revolving loan | 5/2029 |  | 7019 |  |
| Unified Women's Healthcare, LP | First lien senior secured revolving loan | 6/2029 |  | 8120 |  |
| Unit4 Group Holding B.V. | First lien senior secured EUR revolving loan | 1/2033 |  | 16262 |  |
| USIC Holdings, Inc. | First lien senior secured revolving loan | 9/2031 | 2262 | 2566 |  |
| USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners) | First lien senior secured revolving loan | 12/2029 |  | 4975 |  |
| Velocity HoldCo III Inc. (dba VelocityEHS) | First lien senior secured revolving loan | 5/2029 |  | 399 |  |
| Vessco Midco Holdings, LLC | First lien senior secured revolving loan | 7/2031 |  | 7962 |  |
| Victors Purchaser, LLC (dba Service Express) | First lien senior secured revolving loan | 12/2032 | 1419 | 15199 |  |
| Vital Bidco AB (dba Vitamin Well) | First lien senior secured revolving loan | 10/2030 |  | 52912 |  |
| Walker Edison Furniture Company LLC\* | First lien senior secured revolving loan | 3/2027 | 1333 |  |  |
| W.A. Kendall and Company, LLC | First lien senior secured revolving loan | 4/2030 | 4553 | 3587 |  |
| Wipfli Advisory LLC | First lien senior secured revolving loan | 10/2032 |  | 15401 | (44) |
| Wrench Group LLC | First lien senior secured revolving loan | 9/2031 | 6049 | 26355 |  |
| WU Holdco, Inc. (dba PurposeBuilt Brands) | First lien senior secured revolving loan | 4/2032 | 1230 | 13121 |  |
| Zendesk, Inc. | First lien senior secured revolving loan | 11/2028 |  | 17609 |  |
| **Total non-controlled/non-affiliated - debt commitments** | **Total non-controlled/non-affiliated - debt commitments** |  | $**874202** | $**5076414** | $**(11163)** |
| **Non-controlled/non-affiliated - equity commitments** | **Non-controlled/non-affiliated - equity commitments** |  |  |  |  |
| Chrome Investors LP | LP Interest | N/A | 7339 | 1835 |  |
| Percheron Horsepower-A LP (dba Big Brand Tire & Service) | Limited Partner Interest | N/A | 71485 | 11748 |  |
| Valor Compute Infrastructure L.P. | LP Interest | N/A | 3751 | 6965 |  |
| **Total non-controlled/non-affiliated - equity commitments** | **Total non-controlled/non-affiliated - equity commitments** |  | $**82575** | $**20548** | $**—** |
| **Non-controlled/affiliated - debt commitments** | **Non-controlled/affiliated - debt commitments** |  |  |  |  |
| Pluralsight, LLC | First lien senior secured delayed draw term loan | 8/2029 | $— | $496 | $(10) |
| Pluralsight, LLC | First lien senior secured revolving loan | 8/2029 |  | 198 | (4) |
| **Total non-controlled/affiliated - debt commitments** | **Total non-controlled/affiliated - debt commitments** |  | $**—** | $**694** | $**(14)** |
| **Non-controlled/affiliated - equity commitments** | **Non-controlled/affiliated - equity commitments** |  |  |  |  |
| Wingspire Capital Holdings LLC | Specialty finance equity investment | N/A | $9000 | $36000 | $— |
| **Total non-controlled/affiliated - equity commitments** | **Total non-controlled/affiliated - equity commitments** |  | $**9000** | $**36000** | $**—** |
| **Controlled/affiliated - debt commitments** | **Controlled/affiliated - debt commitments** |  |  |  |  |
| Notorious Topco, LLC (dba Beauty Industry Group) | First lien senior secured revolving loan | 12/2030 | $— | $10157 | $(51) |
| **Total controlled/affiliated - debt commitments** | **Total controlled/affiliated - debt commitments** |  | $**—** | $**10157** | $**(51)** |
| **Controlled/affiliated - equity commitments** | **Controlled/affiliated - equity commitments** |  |  |  |  |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded Commitment** | **Commitment** | **Fair Value**<sup>(23)</sup> |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC | Specialty finance equity investment | N/A | $26517 | $38809 | $— |
| LSI Financing LLC | Specialty finance equity investment | N/A | 296883 | 119025 |  |
| **Total controlled/affiliated - equity commitments** | **Total controlled/affiliated - equity commitments** |  | $323400 | $157834 | $— |
| **Total Portfolio Company Commitments** | **Total Portfolio Company Commitments** |  | $1289177 | $5301647 | $(11228) |

---

\*Fully funded

<sup>(23)</sup> The negative cost and fair value results from unamortized fees, which are capitalized to the investment cost of unfunded commitments.

<sup>(24)</sup> As defined in the Investment Company Act of 1940, as amended (the "1940 Act"), the Company is deemed to "control" a portfolio company if the Company owns more than 25% of the portfolio company's voting securities or has the power to exercise control over management or policies, including through a management agreement. As defined in the 1940 Act, the Company is an "affiliated person" of this portfolio company if the Company owns more than 5% or more of the portfolio company's outstanding voting securities. Transactions related to the Company's investments in non-controlled affiliates and controlled affiliates for the year ended December 31, 2025, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company** | **Fair value as of December 31, 2024** | **Gross Additions<br>(a)** | **Gross Reductions(b)** | **Net Change in Unrealized Gain/(Loss)** | **Realized Gain/(Loss)** | **Fair value as of December 31, 2025** | **Dividend Income** | **Interest and PIK Income** | **Other Income** |
| **Controlled Affiliates** | | | | | | | | | |
| AAM Series 2.1 Aviation Feeder, LLC(c) | $77680 | $36408 | $(2132) | $10749 | $— | $122705 | $— | $7500 | $— |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(c) | 75112 | 13778 | (86) | 4660 | $— | 93464 |  | 6328 |  |
| Blue Owl Credit SLF LLC(d) | 4294 | 72696 |  | (199) | $— | 76791 | 3355 |  |  |
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC) |  | 137069 |  | (254) | $— | 136815 | 896 |  |  |
| Blue Owl Leasing LLC(d) |  | 17237 |  | (8) | $— | 17229 |  |  |  |
| Fifth Season Investments LLC | 223274 | 108603 |  | 13083 | $— | 344960 | 30144 |  |  |
| LSI Financing LLC | 293775 | 221952 | (213772) | 19138 | $— | 321093 | 20259 |  |  |
| Notorious Topco, LLC (dba Beauty Industry Group) |  | 124258 |  | (84) | $— | 124174 |  | 316 | 2 |
| OCIC SLF LLC (fka Blue Owl Credit Income Senior Loan Fund LLC)(d) | 311609 |  |  | (31278) | $— | 280331 | 38644 |  |  |
| &nbsp;&nbsp;**Total** | $985744 | $732001 | $(215990) | $15807 | $— | $1517562 | $93298 | $14144 | $2 |
| **Non-Controlled Affiliates** | **Non-Controlled Affiliates** |  |  |  |  |  |  |  |  |
| LSI Financing 1 DAC | $4771 | $— | $(617) | $(49) | $— | $4105 | $342 | $— | $— |
| Pluralsight, LLC | 3477 | 129 |  | (1303) | $— | 2303 |  | 207 | 3 |
| Wingspire Capital Holdings LLC |  | 9000 |  | 1156 | $— | 10156 | 128 |  |  |
| &nbsp;&nbsp;**Total** | $8248 | $9129 | $(617) | $(196) | $— | $16564 | $470 | $207 | $3 |

---

<sup>(a)</sup> &nbsp;&nbsp;&nbsp;&nbsp;Gross additions may include increases in the cost basis of investments resulting from new investments, amounts related to PIK interest capitalized and added to the principal balance of the respective loans, the accretion of discounts, the exchange of one or more existing investments for one or more new investments from a different category.

<sup>(b)</sup> &nbsp;&nbsp;&nbsp;&nbsp;Gross reductions may include decreases in the cost basis of investments resulting from principal collections related to investment repayments and sales, return of capital, the amortization of premiums and the exchange of one or more existing securities for one or more new securities.

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

<sup>(c)</sup> &nbsp;&nbsp;&nbsp;&nbsp;In connection with its investment in AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC and AAM Series 2.1 Aviation Feeder, LLC (collectively, "Amergin AssetCo") the Company made a minority investment in Amergin Asset Management, LLC which has entered into a Servicing Agreement with Amergin AssetCo.

<sup>(d)</sup> &nbsp;&nbsp;&nbsp;&nbsp;For further description of the Company's investment in OCIC SLF LLC (f/k/a Blue Owl Credit Income Senior Loan Fund LLC) ("OCIC SLF"), Blue Owl Credit SLF LLC ("Credit SLF"), and Blue Owl Leasing LLC ("Blue Owl Leasing") see *"Note 4 — Investments."*

<sup>(25)</sup> Unless otherwise indicated, the Company's portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facilities and CLOs. See *"Note 5 — Debt".*

<sup>(26)</sup> Investment is not pledged as collateral under the Company's Amended and Restated Senior Secured Revolving Credit Agreement (the "Revolving Credit Facility", credit facilities to which certain of our subsidiaries are parties (the "SPV Asset Facilities") and collateral loan obligation transactions ("CLOs").

<sup>(27)</sup> As of December 31, 2025, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $9.4 million based on a tax cost basis of $35.9 billion. As of December 31, 2025, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $358.1 million As of December 31, 2025, the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $348.7 million.

<sup>(28)</sup> Investment was on non-accrual status as of December 31, 2025.

<sup>(29)</sup> Investment is non-income producing.

<sup>(30)</sup> Security acquired in transaction exempt from registration under the Securities Act of 1933, and may be deemed to be "restricted security" under the Securities Act. As of December 31, 2025, the aggregate fair value of these securities is $2.21 billion, or 11.2% of the Company's net assets. The acquisition dates of the restricted securities are as follows:

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **Investment** | **Acquisition Date** |
| 25CXBFS SCSP (dba Xplor) | Limited Partner Interest | November 21, 2025 |
| AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC\*\* | Specialty finance equity investment | July 1, 2022 |
| AAM Series 2.1 Aviation Feeder, LLC\*\* | Specialty finance equity investment | July 1, 2022 |
| Accelerate Topco Holdings, LLC | Common Units | September 1, 2022 |
| AlphaSense, LLC | Series E Preferred Shares | June 27, 2024 |
| Amergin Asset Management, LLC | Specialty finance equity investment | July 1, 2022 |
| ASP Conair Holdings LP | Class A Units | May 17, 2021 |
| Baypine Commander Co-Invest, LP | LP Interest | June 6, 2025 |
| BEHP Co-Investor II, L.P. | LP Interest | May 6, 2022 |
| Bird Holding B.V. (fka MessageBird Holding B.V.) | Extended Series C Warrants | May 5, 2021 |
| Blue Owl Credit SLF LLC\* | LLC Interest | August 1, 2024 |
| Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)\*\* | Specialty finance equity investment | September 19, 2025 |
| Blue Owl Leasing LLC\*\* | Joint Venture | October 14, 2025 |
| Brooklyn Lender Co-Invest 2, L.P. (dba Boomi) | Common Units | October 1, 2021 |
| CD&R Value Building Partners I, L.P. (dba Belron) | LP Interest | December 2, 2021 |
| Chrome Investors LP | LP Interest | January 25, 2025 |
| Dodge Construction Network Holdings, L.P. | Class A-2 Common Units | March 16, 2022 |
| Dodge Construction Network Holdings, L.P. | Series A Preferred Units | March 16, 2022 |
| Elliott Alto Co-Investor Aggregator L.P. | LP Interest | September 28, 2022 |
| Evolution Parent, LP (dba SIAA) | LP Interest | April 30, 2021 |
| Fifth Season Investments LLC\*\* | Specialty finance equity investment | October 17, 2022 |
| Gloves Holdings, LP (dba Protective Industrial Products) | LP Interest | December 28, 2020 |
| GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway) | LP Interest | December 16, 2021 |
| Hercules Buyer, LLC (dba The Vincit Group) | Common Units | December 15, 2020 |
| Hissho Sushi Holdings, LLC | Class A Units | May 17, 2022 |
| Hockey Parent Holdings, L.P. | Class A Common Units | September 14, 2023 |
| Ideal Topco, L.P. | Class A-1 Preferred Units | February 20, 2024 |
| Ideal Topco, L.P. | Class A-2 Common Units | February 20, 2024 |
| Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC) | LP Interest | June 8, 2022 |
| Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.) | Perpetual Preferred Stock | June 22, 2022 |
| KOBHG Holdings, L.P. (dba OB Hospitalist) | Class A Interests | September 27, 2021 |
| KPCI Co-Invest 2, L.P. | Class A Units | October 15, 2025 |
| KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) | Class A Interest | December 12, 2023 |
| KWOR Intermediate I, Inc. (dba Alacrity Solutions) | Preferred Stock | February 28, 2025 |
| KWOR Intermediate I, Inc. (dba Alacrity Solutions) | Class A-1 Common Stock | February 28, 2025 |
| Lakefield Acquisition Corp. (dba Lakefield Veterinary Group) | Common Equity | January 8, 2025 |
| LSI Financing 1 DAC\*\* | Specialty finance equity investment | December 14, 2022 |

---

------

**Blue Owl Credit Income Corp.**

**Consolidated Schedules of Investments - Continued**

**As of December 31, 2025**

**(Amounts in thousands, except share amounts)**

---

| | | |
|:---|:---|:---|
| **Portfolio Company** | **Investment** | **Acquisition Date** |
| LSI Financing LLC\*\* | Specialty finance equity investment | November 25, 2024 |
| Maia Aggregator, LP | Class A-2 Units | February 1, 2022 |
| Metis HoldCo, Inc. (dba Mavis Tire Express Services) | Series A Convertible Preferred Stock | May 3, 2021 |
| Minerva Holdco, Inc. | Senior A Preferred Stock | February 14, 2022 |
| ModMed Software Midco Holdings, Inc. (dba ModMed) | Series A Preferred Units | April 30, 2025 |
| Notorious Purchaser II, Inc. (dba Beauty Industry Group)\*\* | Class B Common Stock | December 19, 2025 |
| Nscale Global Holdings Limited | Series B Preferred Shares | September 29, 2025 |
| Nscale Global Holdings Limited | Preferred equity | September 29, 2025 |
| OCIC SLF LLC (fka Blue Owl Credit Income Senior Loan Fund LLC)\* | LLC Interest | November 2, 2022 |
| Orange Blossom Parent, Inc. | Common Units | July 29, 2022 |
| Paradigmatic Holdco LLC (dba Pluralsight) | Common stock | August 22, 2024 |
| Patriot Holdings SCSp (dba Corza Health, Inc.) | Class A Units | January 29, 2021 |
| Patriot Holdings SCSp (dba Corza Health, Inc.) | Class B Units | January 29, 2021 |
| PCF Holdco, LLC (dba Trucordia) | Preferred equity | February 16, 2023 |
| PCF Holdco, LLC (dba Trucordia) | Warrants | February 16, 2023 |
| Percheron Horsepower-A LP (dba Big Brand Tire & Service) | Limited Partner Interest | September 23, 2025 |
| Project Alpine Co-Invest Fund, LP | LP Interest | June 13, 2022 |
| Project Hotel California Co-Invest Fund, L.P. | LP Interest | August 9, 2022 |
| Rhea Acquisition Holdings, LP | Series A-2 Units | February 18, 2022 |
| Rome Topco Holdings, LLC (dba SimpliSafe) | Class A Units | November 6, 2025 |
| Rome Topco Holdings, LLC (dba SimpliSafe) | Class B Units | November 6, 2025 |
| Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers) | Series A Preferred Stock | November 15, 2023 |
| Snowbird Manager LP | Limited Partner Interest | December 17, 2025 |
| Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.) | Series A Preferred Stock | October 14, 2021 |
| TCB Holdings I LLC (dba TricorBraun) | Class A Preferred Units | January 31, 2025 |
| Thunder Topco L.P. (dba Vector Solutions) | Common Units | June 30, 2021 |
| Valor Compute Infrastructure L.P. | LP Interest | October 3, 2025 |
| VCI Intermediate TopCo 1 LLC | Class B Units | November 17, 2025 |
| Vestwell Holdings Inc. | Series D Preferred Stock | December 20, 2023 |
| Walker Edison Holdco LLC | Common Units | March 1, 2023 |
| Wingspire Capital Holdings LLC\*\* | Specialty finance equity investment | November 7, 2025 |
| WMC Bidco, Inc. (dba West Monroe) | Senior Preferred Stock | November 9, 2021 |
| WP Irving Co-Invest, L.P. | Partnership Units | May 18, 2022 |
| XOMA Corporation | Warrants | December 15, 2023 |
| Zoro TopCo, Inc. | Series A Preferred Equity | November 22, 2022 |
| Zoro TopCo, L.P. | Class A Common Units | November 22, 2022 |

---

\*Refer to *"Note 4 — Investments - OCIC SLF LLC, Credit SLF and Blue Owl Leasing"*, for further information.

\*\* Refer to *"Note 3 — Agreements and Related Party Transactions - Controlled/Affiliated Portfolio Companies."*

<sup>(31)</sup> This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of December 31, 2025, non-qualifying assets represented 13.3% of total assets as calculated in accordance with the regulatory requirements.

<sup>(32)</sup> We invest in this portfolio company through underlying blocker entities Hercules Blocker 1 LLC, Hercules Blocker 2 LLC, Hercules Blocker 3 LLC, Hercules Blocker 4 LLC, and Hercules Blocker 5 LLC.

<sup>(33)</sup> Reserved.

<sup>(34)</sup> BOCSO was formed to hold alternative credit assets, including asset-based finance ("ABF"). ABF is a subsector of private credit focused on generating income from pools of financial, physical or other assets. As of December 31, 2025, the portfolio consists of three investments totaling $500.0 million at cost and fair value, respectively, ranging in cost from $24.8 million to $304.4 million and with a fair value ranging from $24.8 million to $303.9 million. The largest investment is 62.0% of the total cost of BOCSO's portfolio. As of December 31, 2025 the portfolio asset class composition was 62.0% ABF - Specialty finance, 33.0% ABF - Leasing, and 5.0% ABF - Commercial Real Estate.

The accompanying notes are an integral part of these consolidated financial statements.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

**Note 1. Organization and Principal Business**

Blue Owl Credit Income Corp. (the "Company") is a Maryland corporation formed on April 22, 2020. The Company's investment objective is to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. The Company was formed primarily to originate and make loans to, and make debt and equity investments in, U.S. middle market companies. Within this space, the Company predominantly focuses on investing in institutionally-backed, upper middle market businesses, which the Company categorizes as those that generate greater than $50 million of EBITDA annually. The Company invests in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity and equity-related securities which include common and preferred stock, securities convertible into common stock, and warrants. The Company may make investments with shorter or longer maturities from time to time. The Company intends, under normal circumstances, to invest directly, or indirectly through its investments in OCIC SLF LLC (f/k/a Blue Owl Credit Income Senior Loan Fund LLC) ("OCIC SLF") and Blue Owl Credit SLF LLC ("Credit SLF") or any similarly situated companies, at least 80% of the value of its total assets in credit investments. The Company defines "credit" to mean debt investments made in exchange for regular interest payments. The target credit investments will typically have maturities between three and ten years and generally range in size between $20 million and $500 million, although the investment size will vary with the size of the Company's capital base. The Company may on occasion invest in smaller or larger companies if an attractive opportunity presents itself, especially when there are dislocations in the capital markets, including the high yield and large syndicated loan markets, which are often referred to as "junk" investments.

The Company is an externally managed closed-end management investment company that has elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940, as amended (the "1940 Act"). In addition, the Company is treated as a regulated investment company (a "RIC") under subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). Because the Company has elected to be regulated as a BDC and as a RIC under the Code, the Company's portfolio is subject to diversification and other requirements.

In November 2020, the Company commenced operations and made its first portfolio company investment. On October 23, 2020, the Company formed a wholly-owned subsidiary, OR Lending IC LLC, a Delaware limited liability company, which holds a California finance lenders license. OR Lending IC LLC makes loans to borrowers headquartered in California. From time to time the Company may form wholly-owned subsidiaries to facilitate the normal course of business.

Blue Owl Credit Advisors LLC (the "Adviser") serves as the Company's investment adviser. The Adviser is an indirect affiliate of Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) and part of Blue Owl's Credit platform. The Adviser is registered with the Securities and Exchange Commission ("SEC") as an investment adviser under the Investment Advisers Act of 1940 (the "Advisers Act"). Blue Owl consists of three investment platforms: (1) Credit, which includes several strategies, including direct lending, alternative credit, investment grade credit, liquid credit and other adjacent investment strategies, (2) Real Assets, which focuses on three primary investment strategies: net lease, real estate credit and digital infrastructure, and (3) GP Strategic Capital, which primarily focuses on acquiring equity stakes in, or providing debt financing to, large, multi-product private equity and private credit firms. Subject to the overall supervision of the Company's board of directors (the "Board"), the Adviser manages the day-to-day operations of, and provides investment advisory and management services to, the Company.

The Company received an exemptive order that permits it to offer multiple classes of shares of common stock and to impose varying sales loads, asset-based servicing and/or distribution fees and early withdrawal fees. On November 12, 2020, the Company commenced its initial public offering pursuant to which it offered, on a continuous basis, up to $2,500,000,000 in any combination of shares of Class S, Class D and Class I common stock. On February 14, 2022, the Company commenced its follow-on offering, pursuant to which it offered on a continuous basis, up to $13,500,000,000 in any combination of shares of Class S, Class D and Class I common stock. On December 6, 2024, the Company commenced its current offering, pursuant to which it is offering on a continuous basis, up to $14,000,000,000 in any combination of shares of Class S, Class D and Class I common stock. The share classes have different upfront selling commissions and ongoing servicing fees. Each class of common stock will be offered through Blue Owl Securities LLC (d/b/a Blue Owl Securities) (the "Dealer Manager" or "Blue Owl Securities"). The Dealer Manager is entitled to receive upfront selling commissions of up to 3.50% of the offering price of each Class S share sold in the offering and 1.50% of the offering price of each Class D share sold. Class I shares are not subject to upfront selling commissions. Any upfront selling commissions for the Class S shares and Class D shares sold in the offering will be deducted from the purchase price. Class S, Class D and Class I shares were offered at initial purchase prices per shares of $10.35, $10.15 and $10.00, respectively. Currently, the purchase price per share for each class of common stock varies, but will not be sold at a price below the Company's net asset value per share of such class, as determined in accordance with the Company's share pricing policy, plus applicable upfront selling commissions. The Company also engages in private placement offerings of its common stock.

Since meeting the minimum offering requirement and commencing its continuous public offering through March 31, 2026, the Company has issued 729,127,533 shares of Class S common stock, 106,367,824 shares of Class D common stock and 1,525,057,074 shares of Class I common stock, exclusive of any tender offers and shares issued pursuant to the Company's distribution reinvestment

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

plan, for gross proceeds of $6.90 billion, $0.99 billion and $14.34 billion, respectively, including one thousand U.S. dollars of seed capital contributed by its Adviser in September of 2020, $25.0 million in gross proceeds raised from an entity affiliated with the Adviser and 170,725,747 shares of Class I common stock issued in a private placement to feeder vehicles primarily created to hold the Company's Class I shares for gross proceeds of approximately $1.61 billion.

**Note 2. Significant Accounting Policies**

*Basis of Presentation*

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The Company is an investment company and, therefore, applies the specialized accounting and reporting guidance in Accounting Standards Codification ("ASC") Topic 946, *Financial Services – Investment Companies*. In the opinion of management, all adjustments considered necessary for the fair presentation of the consolidated financial statements have been included.

*Reclassifications* 

As a result of changes in presentations, certain prior year amounts have been reclassified to conform to the current presentation. These reclassifications had no effect on the reported results of operations.

*Use of Estimates* 

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts could differ from those estimates and such differences could be material.

*Cash and Restricted Cash*

Cash consists of deposits held at a custodian bank and restricted cash pledged as collateral. Cash is carried at cost, which approximates fair value. The Company deposits its cash with highly-rated banking corporations and, at times, may exceed the insured limits under applicable law. Restricted cash primarily relates to cash held as collateral for interest rate swaps.

*Consolidation*

As provided under Regulation S-X and ASC Topic 946—Financial Services—Investment Companies, the Company will generally not consolidate its investment in a company other than a wholly-owned investment company or controlled operating company whose business consists of providing services to the Company.

The Company does not consolidate its equity interests in AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC and AAM Series 2.1 Aviation Feeder, LLC (collectively, "Amergin AssetCo"), LSI Financing LLC ("LSI Financing LLC"), Fifth Season Investments LLC ("Fifth Season"), BOCSO, Blue Owl Credit SLF LLC ("Credit SLF"), Wingspire Capital Holdings LLC ("Wingspire"), Blue Owl Leasing LLC ("Blue Owl Leasing"), and since November 2, 2022 has not consolidated its equity position in OCIC SLF. OCIC SLF was formed as a wholly-owned subsidiary of the Company and commenced operations on February 14, 2022. On November 2, 2022, the Company and State Teachers Retirement System of Ohio ("OSTRS" and together with the Company, the "Members" and each, a "Member") entered into an Amended and Restated Limited Liability Company Agreement to co-manage OCIC SLF as a joint venture. See "*Note 3* — *Agreements and Related Party Transactions - Controlled/Affiliated Portfolio Companie*s".

*Investments at Fair Value*

Investment transactions are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds received and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period. Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Pursuant to Rule 2a-5, the Board designated the Adviser as the Company's valuation designee to perform fair value determinations relating to the value of assets held by the Company for which market quotations are not readily available.

Investments for which market quotations are readily available are typically valued at the average bid price of those market quotations. To validate market quotations, the Company utilizes a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities that are not publicly traded or whose market prices are not readily available are valued at fair value as determined in good faith by the Adviser, as the valuation designee, based on, among other things, the input of the independent third-party valuation firm(s) engaged at the direction of the Adviser.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

As part of the valuation process, the Adviser, as the valuation designee, takes into account relevant factors in determining the fair value of the Company's investments, including: the estimated enterprise value of a portfolio company (i.e., the total fair value of the portfolio company's debt and equity), the nature and realizable value of any collateral, the portfolio company's ability to make payments based on its earnings and cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company's securities to any similar publicly traded securities, and overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase or sale transaction, public offering or subsequent equity sale occurs, the Adviser, as the valuation designee, considers whether the pricing indicated by the external event corroborates its valuation.

The Adviser, as the valuation designee, undertakes a multi-step valuation process, which includes, among other procedures, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• With respect to investments for which market quotations are readily available, those investments will typically be valued at the average bid price of those market quotations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• With respect to investments for which market quotations are not readily available, the valuation process begins with the independent valuation firm(s) providing a preliminary valuation of each investment to the Adviser's valuation committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Preliminary valuation conclusions are documented and discussed with the Adviser's valuation committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Adviser, as the valuation designee, reviews the recommended valuations and determines the fair value of each investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each quarter, the Adviser, as the valuation designee, will provide the Audit Committee a summary or description of material fair value matters that occurred in the prior quarter and on an annual basis, the Adviser, as the valuation designee, will provide the Audit Committee with a written assessment of the adequacy and effectiveness of its fair value process; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Audit Committee oversees the valuation designee and will report to the Board on any valuation matters requiring the Board's attention.

The Company conducts this valuation process on a quarterly basis.

The Company applies Financial Accounting Standards Board Accounting Standards Codification 820, *Fair Value Measurements* ("ASC 820"), as amended, which establishes a framework for measuring fair value in accordance with U.S. GAAP and required disclosures of fair value measurements. ASC 820 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820, the Company considers its principal market to be the market that has the greatest volume and level of activity. ASC 820 specifies a fair value hierarchy that prioritizes and ranks the level of observability of inputs used in determination of fair value. In accordance with ASC 820, these levels are summarized below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC 820. Consistent with the valuation policy, the Adviser, as the valuation designee, evaluates the source of the inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When an investment is valued based on prices provided by reputable dealers or pricing services (such as broker quotes), the Adviser, as the valuation designee, subjects those prices to various criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, the Adviser, as the valuation designee, or the independent valuation firm(s), reviews pricing support provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs.

The Company applies the practical expedient provided by the ASC Topic 820 relating to investments in certain entities that calculate net asset value per share (or its equivalent). ASC Topic 820 permits an entity holding investments in certain entities that either are investment companies, or have attributes similar to an investment company, and calculate NAV per share or its equivalent for which the fair value is not readily determinable, to measure the fair value of such investments on the basis of that NAV per share, or its equivalent, without adjustment. Investments which are valued using NAV per share as a practical expedient are not categorized within the fair value hierarchy as per ASC Topic 820.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company's investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material.

In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.

*Financial and Derivative Instruments*

The Company follows the guidance in ASC 815 *Derivatives and Hedgin*g, when accounting for all derivative instruments. The Company designated certain interest rate swaps as hedging instruments, and as a result, the entire change in the fair value of the hedging instrument shall be recorded in the same line item of the Consolidated Statements of Operations as the hedged item. The Company's interest rate swaps are used to hedge the Company's fixed rate debt, and therefore both the periodic payment and the change in fair value for the effective hedge, if applicable, will be recognized as components of interest expense in the Consolidated Statements of Operations. Fair value is estimated by discounting remaining payments using applicable current market rates, or market quotes, if available. For all other derivatives, the Company does not utilize hedge accounting and values such derivatives at fair value with the unrealized gains or losses recorded in "net change in unrealized gains (losses) from foreign currency and other transactions" in the Company's Consolidated Statements of Operations. The Company nets its derivatives by counterparty across all derivative instruments, not taking into account collateral posted, which is recorded separately, if applicable.

*Foreign Currency Forward Contracts*

The Company uses foreign currency forward contracts to reduce the Company's exposure to fluctuations in the value of foreign currencies. In a foreign currency forward contract, the Company agrees to receive or deliver a fixed quantity of one currency for another at a pre-determined price at a future date. Foreign currency forward contracts are marked-to-market at the applicable forward rate. Unrealized gains (losses) on foreign currency forward contracts are recorded within other assets or other liabilities on the Consolidated Statements of Assets and Liabilities by counterparty on a net basis. The Company does not utilize hedge accounting and values forward contracts at fair value with the unrealized gains or losses recorded in net change in unrealized gains (losses) from foreign currency and other transactions in the Company's Consolidated Statements of Operations.

*Foreign Currency*

Foreign currency amounts are translated into U.S. dollars on the following basis:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• cash, fair value of investments, outstanding debt, other assets and liabilities: at the spot exchange rate on the last business day of the period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• purchases and sales of investments, borrowings and repayments of such borrowings, income and expenses: at the rates of exchange prevailing on the respective dates of such transactions.

The Company includes net changes in fair values on investments held resulting from foreign exchange rate fluctuations with the change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations. Fluctuations arising from the translation of foreign currency borrowings are included with the net change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations.

Investments denominated in foreign currencies and foreign currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

*Interest and Dividend Income Recognition*

Interest income is recorded on the accrual basis and includes accretion and amortization of discounts or premiums. Certain investments may have contractual PIK interest or dividends, the majority of which is structured at initial underwriting. PIK interest and dividends represent accrued interest or dividends that are added to the principal amount or liquidation amount of the investment on the respective interest or dividend payment dates rather than being paid in cash and generally becomes due at maturity or at the occurrence of a liquidation event.

PIK interest and PIK dividend income consisted of the following for the periods:

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| PIK Interest Income | $35317 | $28762 |
| PIK Interest Income as a % of Investment Income | 4.2% | 4.1% |
| PIK Dividend Income | $15439 | $13344 |
| PIK Dividend Income as a % of Investment Income | 1.9% | 1.9% |
| Total PIK Income | $50756 | $42106 |
| &nbsp;&nbsp;**Total PIK Income as a % of Investment Income** | 6.1% | 6.0% |

---

Discounts and premiums to par value on securities purchased are amortized into interest income over the contractual life of the respective security using the effective yield method. The amortized cost of investments represents the original cost adjusted for the amortization and accretion of discounts or premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period.

Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management's judgment regarding collectability. If at any point the Company believes PIK interest is not expected to be realized, the investment generating PIK interest will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are generally reversed through interest income. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management's judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.

Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.

*Other Income* 

From time to time, the Company may receive fees for services provided to portfolio companies. These fees are generally only available to the Company as a result of closing investments, are generally paid at the closing of the investments, are generally non-recurring and are recognized as revenue when earned upon closing of the investment. The services that the Adviser provides vary by investment, but can include closing, work, diligence or other similar fees and fees for providing managerial assistance to the Company's portfolio companies.

*Offering Expenses*

Costs associated with the offering of common shares of the Company are capitalized as deferred offering expenses and are included in prepaid expenses and other assets in the Consolidated Statements of Assets and Liabilities and are amortized over a twelve-month period from incurrence. Expenses for any additional offerings are deferred and amortized as incurred. These expenses consist primarily of legal fees and other costs incurred in connection with the Company's share offerings, the preparation of the Company's registration statement, and registration fees.

*Debt Issuance Costs*

The Company records origination and other expenses related to its debt obligations as debt issuance costs. These expenses are deferred and amortized utilizing the effective yield method, over the estimated life of the related debt instrument. Debt issuance costs are presented on the Consolidated Statements of Assets and Liabilities as a direct deduction from the debt liability. In circumstances in which there is not an associated debt liability amount recorded in the consolidated financial statements when the debt issuance costs are incurred, such debt issuance costs will be reported on the Consolidated Statements of Assets and Liabilities as an asset until the debt liability is recorded.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

*Reimbursement of Transaction-Related Expenses*

The Company may receive reimbursement for certain transaction-related expenses in pursuing investments. Transaction-related expenses, which are generally expected to be reimbursed by the Company's portfolio companies, are typically deferred until the transaction is consummated and are recorded in prepaid expenses and other assets on the date incurred. The costs of successfully completed investments not otherwise reimbursed are borne by the Company and are included as a component of the investment's cost basis.

Cash advances received in respect of transaction-related expenses are recorded as cash with an offset to accrued expenses and other liabilities. Accrued expenses and other liabilities are relieved as reimbursable expenses are incurred.

*Income Taxes*

The Company has elected to be treated as a RIC under the Code beginning with the taxable year ended December 31, 2020 and intends to qualify as a RIC annually. So long as the Company obtains and maintains its tax treatment as a RIC, it generally will not pay U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Company represents obligations of the Company's investors and will not be reflected in the consolidated financial statements of the Company. However, the Company will be subject to U.S. federal income tax imposed at corporate rates on any income, including capital gains not distributed (or not deemed distributed) to its stockholders.

To qualify as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must generally distribute to its shareholders on a timely basis, at least the sum of (i) 90% of its "investment company taxable income" for that year, which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses and (ii) its net tax-exempt income. In order for the Company not to be subject to U.S. federal excise taxes, it must distribute annually an amount at least equal to the sum of (i) 98% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (ii) 98.2% of its capital gains in excess of capital losses for the one-year period ending on October 31 of the calendar year and (iii) certain undistributed amounts from previous years on which the Company paid no U.S. federal income tax. The Company, at its discretion, may carry forward taxable income in excess of calendar year dividends and pay a 4% nondeductible U.S. federal excise tax on this income.

Certain of the Company's consolidated subsidiaries are subject to U.S. federal and state income taxes imposed at corporate rates.

The Company evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are "more-likely-than-not" to be sustained by the applicable tax authority. Tax positions not deemed to meet the "more-likely-than-not" threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. There were no material uncertain income tax positions through December 31, 2025. As applicable, the Company's prior three tax years remain subject to examination by U.S. federal, state and local tax authorities.

*Income and Expense Allocations*

Income and realized and unrealized capital gains and losses are allocated to each class of shares of the Company on the basis of the aggregate net asset value of that class in relation to the aggregate net asset value of the Company.

Expenses that are common to all share classes are borne by each class of shares based on the net assets of the Company attributable to each class. Expenses that are specific to a class of shares are allocated to such class either directly or through the servicing fees paid pursuant to the Company's distribution plan. See "*Note 3 — Agreements and Related Party Transactions – Shareholder Servicing Plan."*

*Distributions to Common Shareholders*

Distributions to common shareholders are recorded on the record date. The amount to be distributed is determined by the Board and is generally based upon the earnings estimated by the Adviser. In addition, the Board may consider the level of undistributed taxable income carried forward from the prior year for distribution in the current year. Net realized long-term capital gains, if any, would be generally distributed at least annually although the Company may decide to retain such capital gains for investment.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

Subject to the Company's board of directors' discretion and applicable legal restrictions, the Company intends to authorize and declare cash distributions to the Company's shareholders on a monthly or quarterly basis and pay such distributions on a monthly basis. The per share amount of distributions for Class S, Class D, and Class I shares will differ because of different allocations of class-specific expenses. Specifically, because the ongoing servicing fees are calculated based on the Company's net asset value for the Company's Class S and Class D shares, the ongoing service fees will reduce the net asset value or, alternatively, the distributions payable, with respect to the shares of each such class, including shares issued under the Company's distribution reinvestment plan. As a result, the distributions on Class S shares and Class D shares may be lower than the distributions on Class I shares.

The Company has adopted a distribution reinvestment plan which was amended and restated on May 6, 2024. The amended and restated distribution reinvestment plan provides for reinvestment of any cash distributions on behalf of shareholders who have enrolled in the distribution reinvestment plan. As a result, if the Board authorizes and declares a cash distribution, then the shareholders who have enrolled in the distribution reinvestment plan will have their cash distribution automatically reinvested in additional shares of the Company's common stock, rather than receiving the cash distribution. The Company expects to use newly issued shares to implement the distribution reinvestment plan.

*Segment Reporting*

In accordance with ASC Topic 280 – "Segment Reporting (ASC 280)," the Company has determined that it has a single operating and reporting segment. As a result, the Company's segment accounting policies are the same as described herein and the Company does not have any intra-segment sales and transfers of assets.

The Company operates through a single operating and reporting segment with an investment objective to generate both current income, and to a lesser extent, capital appreciation through debt and equity investments. The chief operating decision maker ("CODM") is comprised of the Company's chief executive officer, president, and chief financial officer and chief operating officer and assesses the performance and makes operating decisions of the Company on a consolidated basis primarily based on the Company's net increase in shareholder's equity resulting from operations ("net income"). In addition to numerous other factors and metrics, the CODM utilizes net income as a key metric in determining the amount of dividends to be distributed to the Company's stockholders. As the Company's operations comprise of a single reporting segment, the segment assets are reflected on the accompanying consolidated balance sheet as "total assets" and the significant segment expenses are listed on the accompanying Consolidated Statements of Operations.

*New Accounting Pronouncements*

The Company's management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

**Note 3. Agreements and Related Party Transactions**

As of March 31, 2026, the Company had payables to affiliates of $86.9 million, comprised of $60.8 million of accrued performance based incentive fees, $20.6 million of management fees, and approximately $5.4 million of costs and expenses reimbursable to the Adviser pursuant to the Administration Agreement. As of December 31, 2025, the Company had payables to affiliates of $92.6 million, comprised of $62.6 million of accrued performance based incentive fees, $20.7 million of management fees, and $9.3 million of costs and expenses reimbursable to the Adviser pursuant to the Administration Agreement.

*Administration Agreement*

The Company has entered into an amended and restated Administration Agreement (the "Administration Agreement") with the Adviser. The Administration Agreement became effective on May 18, 2021. Under the terms of the Administration Agreement, the Adviser performs, or oversees the performance of, required administrative services, which include providing office space, equipment and office services, maintaining financial records, preparing reports to shareholders and reports filed with the SEC, and managing the payment of expenses, and the performance of administrative and professional services rendered by others.

The Administration Agreement also provides that the Company reimburses the Adviser for certain organization costs incurred prior to the commencement of the Company's operations, and for certain offering costs.

The Company reimburses the Adviser for services performed for it pursuant to the terms of the Administration Agreement. In addition, pursuant to the terms of the Administration Agreement, the Adviser may delegate its obligations under the Administration Agreement to an affiliate or to a third party and the Company will reimburse the Adviser for any services performed for it by such affiliate or third party.

Unless earlier terminated as described below, the Administration Agreement will remain in effect for two years from the date it first became effective, and will remain in effect and from year to year thereafter if approved annually by a majority of the Board or by the holders of a majority of the Company's outstanding voting securities and, in each case, a majority of the independent directors. On May 4, 2026, the Board approved the continuation of the Administration Agreement.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The Administration Agreement may be terminated at any time, without the payment of any penalty, upon 60 days' written notice, by the vote of a majority of the outstanding voting securities of the Company (as defined in the 1940 Act), or by the vote of a majority of the Board or by the Adviser.

No person who is an officer, director, or employee of the Adviser or its affiliates and who serves as a director of the Company receives any compensation from the Company for his or her services as a director. However, the Company reimburses the Adviser (or its affiliates) for an allocable portion of the compensation paid by the Adviser or its affiliates to the Company's Chief Compliance Officer, Chief Financial Officer and their respective staffs (based on the percentage of time those individuals devote, on an estimated basis, to the business and affairs of the Company). Directors who are not affiliated with the Adviser receive compensation for their services and reimbursement of expenses incurred to attend meetings.

For the three months ended March 31, 2026 and 2025, the Company incurred expenses of approximately $2.6 million and $2.0 million, respectively, for costs and expenses reimbursable to the Adviser under the terms of the Administration Agreement.

*Investment Advisory Agreement*

The Company has entered into an amended and restated Investment Advisory Agreement (the "Investment Advisory Agreement") with the Adviser. The Investment Advisory Agreement became effective on May 18, 2021. Under the terms of the Investment Advisory Agreement, the Adviser is responsible for managing the Company's business and activities, including sourcing investment opportunities, conducting research, performing diligence on potential investments, structuring its investments, and monitoring its portfolio companies on an ongoing basis through a team of investment professionals.

The Adviser's services under the Investment Advisory Agreement are not exclusive, and accordingly, the Adviser may provide similar services to others.

Under the terms of the Investment Advisory Agreement, the Company pays the Adviser a base management fee and may also pay a performance based incentive fee. The cost of both the management fee and the incentive fee will ultimately be borne by the Company's shareholders.

Unless earlier terminated as described below, the Investment Advisory Agreement will remain in effect for two years from the date it first became effective, and will remain in effect and from year-to-year thereafter if approved annually by a majority of the Board or by the holders of a majority of the Company's outstanding voting securities and, in each case, by a majority of independent directors. On May 4, 2026, the Board approved the continuation of the Investment Advisory Agreement.

The Investment Advisory Agreement will automatically terminate within the meaning of the 1940 Act and related SEC guidance and interpretations in the event of its assignment. In accordance with the 1940 Act, without payment of penalty, the Company may terminate the Investment Advisory Agreement with the Adviser upon 60 days' written notice. The decision to terminate the agreement may be made by a majority of the Board of Directors or the shareholders holding a majority (as defined under the 1940 Act) of the outstanding shares of the Company's common stock or the Adviser. In addition, without payment of any penalty, the Adviser may generally terminate the Investment Advisory Agreement upon 120 days' written notice.

From time to time, the Adviser may pay amounts owed by the Company to third-party providers of goods or services, including the Board, and the Company will subsequently reimburse the Adviser for such amounts paid on its behalf. Amounts payable to the Adviser are settled in the normal course of business without formal payment terms.

The base management fee is payable monthly in arrears. The base management fee is calculated at an annual rate of 1.25% based on the average value of the Company's net assets at the end of the two most recently completed calendar months. All or part of the base management fee not taken as to any month will be deferred without interest and may be taken in any such month prior to the occurrence of a liquidity event. Base management fees for any partial month are prorated based on the number of days in the month. On September 30, 2020 and February 23, 2021, the Adviser agreed to waive 100% of the base management fee for the quarters ended December 31, 2020 and March 31, 2021, respectively. Any portion of management fees waived shall not be subject to recoupment.

For the three months ended March 31, 2026 and 2025, management fees were $62.2 million and $46.4 million, net of $229 thousand and $75 thousand in management fee waivers, respectively.

Pursuant to the Investment Advisory Agreement, the Adviser is entitled to an incentive fee. The incentive fee consists of two parts: (i) an incentive fee on income and (ii) an incentive fee on capital gains. Each part of the incentive fee is outlined below.

The incentive fee on income is calculated and payable quarterly in arrears and is based upon the Company's pre- incentive fee net investment income for the immediately preceding calendar quarter. In the case of a liquidation of the Company or if the Investment Advisory Agreement is terminated, the fee will also become payable as of the effective date of the event.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The incentive fee on income for each calendar quarter is calculated as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No incentive fee on income will be payable in any calendar quarter in which the pre-incentive fee net investment income does not exceed a quarterly return to investors of 1.25% of the Company's net asset value for that immediately preceding calendar quarter. The Company refers to this as the quarterly preferred return.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• All of the Company's pre-incentive fee net investment income, if any, that exceeds the quarterly preferred return, but is less than or equal to 1.43%, which the Company refers to as the upper level breakpoint, of the Company's net asset value for that immediately preceding calendar quarter, will be payable to the Company's Adviser. The Company refers to this portion of the incentive fee on income as the "catch-up." It is intended to provide an incentive fee of 12.50% on all of the Company's pre-incentive fee net investment income when the pre-incentive fee net investment income reaches 1.43% of the Company's net asset value for that calendar quarter, measured as of the end of the immediately preceding calendar quarter. The quarterly preferred return of 1.25% and upper level breakpoint of 1.43% are also adjusted for the actual number of days each calendar quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For any quarter in which the Company's pre-incentive fee net investment income exceeds the upper level break point of 1.43% of the Company's net asset value for that immediately preceding calendar quarter, the incentive fee on income will equal 12.50% of the amount of the Company's pre-incentive fee net investment income, because the quarterly preferred return and catch up will have been achieved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Pre-incentive fee net investment income is defined as investment income and any other income, accrued during the calendar quarter, minus operating expenses for the quarter, including the base management fee, expenses payable under the Investment Advisory Agreement and the Administration Agreement, any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee. Pre-incentive fee net investment income does not include any expense support payments or any reimbursement by the Company of expense support payments, or any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

The second component of the incentive fee, the "Capital Gains Incentive Fee", will be determined and payable in arrears as of the end of each calendar year during which the Investment Advisory Agreement is in effect. In the case of a liquidation, or if the Investment Advisory Agreement is terminated, the fee will also become payable as of the effective date of such event. The annual fee will equal (i) 12.50% of the Company's realized capital gains on a cumulative basis from inception through the end of such calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less (ii) the aggregate amount of any previously paid incentive fees on capital gains as calculated in accordance with U.S. GAAP. The Company will accrue but will not pay a Capital Gains Incentive Fee with respect to unrealized appreciation because a Capital Gains Incentive Fee would be owed to the Adviser if the Company was to sell the relevant investment and realize a capital gain. In no event will the incentive fee on capital gains payable pursuant hereto be in excess of the amount permitted by the Advisers Act, including Section 205 thereof.

For the three months ended March 31, 2026 and 2025, the Company incurred performance based incentive fees on net investment income of $60.8 million and $52.7 million, respectively.

For the three months ended March 31, 2026 and 2025, the Company did not incur performance based incentive fees based on capital gains.

Under the terms of the Investment Advisory Agreement, the Adviser is entitled to receive up to 1.5% of gross offering proceeds raised in the continuous public offering until all organization and offering costs paid by the Adviser or its affiliates have been recovered. The Adviser is responsible for the payment of the Company's organization and offering expenses to the extent that these expenses exceed 1.5% of the aggregate gross offering proceeds, without recourse against or reimbursement by the Company. The Company bears all other expenses of its operations and transactions including, without limitation, those relating to: expenses deemed to be "organization and offering expenses" for purposes of Financial Industry Regulatory Authority ("FINRA") Conduct Rule 2310(a)(12) (exclusive of commissions, the dealer manager fee, any discounts and other similar expenses paid by investors at the time of sale of the Company's stock); the cost of corporate and organizational expenses relating to offerings of shares of common stock, subject to limitations included in the Investment Advisory Agreement; the cost of calculating the Company's net asset value, including the cost of any third-party valuation services; the cost of effecting any sales and repurchases of the common stock and other securities; fees and expenses payable under any dealer manager agreements, if any; debt service and other costs of borrowings or other financing arrangements; costs of hedging; expenses, including travel expense, incurred by the Adviser, or members of the Investment Team, or payable to third parties, performing due diligence on prospective portfolio companies and, if necessary, enforcing the Company's rights; escrow agent, transfer agent and custodial fees and expenses; fees and expenses associated with marketing efforts; federal and state registration fees, any stock exchange listing fees and fees payable to rating agencies; federal, state and local taxes; independent directors' fees and expenses, including certain travel expenses; costs of preparing financial statements and maintaining books and records and filing reports or other documents with the SEC (or other regulatory bodies) and other reporting and compliance costs, including registration fees, listing fees and licenses, and the compensation of professionals responsible for the preparation of the foregoing; the costs of any reports, proxy statements or other notices to shareholders (including printing and mailing costs); the costs of any shareholder or director meetings and the compensation of personnel responsible for the preparation of the foregoing and related

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

matters; commissions and other compensation payable to brokers or dealers; research and market data; fidelity bond, directors and officers errors and omissions liability insurance and other insurance premiums; direct costs and expenses of administration, including printing, mailing, long distance telephone and staff; fees and expenses associated with independent audits, outside legal and consulting costs; costs of winding up; costs incurred in connection with the formation or maintenance of entities or vehicles to hold the Company's assets for tax or other purposes; extraordinary expenses (such as litigation or indemnification); and costs associated with reporting and compliance obligations under the Advisers Act and applicable federal and state securities laws. Notwithstanding anything to the contrary contained herein, the Company shall reimburse the Adviser (or its affiliates) for an allocable portion of the compensation paid by the Adviser (or its affiliates) to the Company's Chief Compliance Officer and Chief Financial Officer and their respective staffs (based on a percentage of time such individuals devote, on an estimated basis, to the business affairs of the Company). Any such reimbursements will not exceed actual expenses incurred by the Adviser and its affiliates.

For the three months ended March 31, 2026 and 2025, subject to the 1.5% organization and offering cost cap, the Company accrued approximately $43 thousand and $100 thousand, respectively, of offering expenses that are reimbursable to the Adviser.

From time to time, the Adviser may pay amounts owed by the Company to third-party providers of goods or services, including the Board, and the Company will subsequently reimburse the Adviser for such amounts paid on its behalf. Amounts payable to the Adviser are settled in the normal course of business without formal payment terms.

*Affiliated Transactions*

The Company may be prohibited under the 1940 Act from participating in certain transactions with its affiliates without prior approval of the directors who are not interested persons, and in some cases, the prior approval of the SEC. The Company, the Adviser and certain of their affiliates were granted an order for exemptive relief that permitted co-investing with affiliates of the Company subject to various approvals of the Board and other conditions. On May 6, 2025, the Company, the Adviser and certain of their affiliates were granted a new order for exemptive relief that superseded the prior order for exemptive relief (the "Order") by the SEC for the Company to co-invest with other funds managed by the Adviser or certain affiliates, in a manner consistent with the Company's investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. Pursuant to such Order, the Company generally is permitted to co-invest with certain of its affiliates if such co-investments are done on the same terms and at the same time, as further detailed in the Order. The Order requires that a "required majority" (as defined in Section 57(o) of the 1940 Act) of directors who are not "interested persons" of the Company, the Adviser, or any of their respective affiliates, as defined in the 1940 Act ("Independent Directors") make certain conclusions in connection with certain co-investment transactions, including (1) in most instances when the Company co-invests with an affiliated entity (as defined in the co-investment application) in an issuer where an affiliated entity has an existing investment in the issuer unless the transaction is completed on a pro rata basis, and (2) if the Company disposes of an asset acquired in a co-investment transaction under the Order unless the disposition is done on a pro rata basis or the disposition is of a tradable security. Pursuant to the Order, the Board will oversee the Company's participation in the co-investment program. As required by the Order, the Company has adopted, and the Board, including a required majority of the Independent Directors, has approved, policies and procedures reasonably designed to ensure compliance with the conditions of the Order. The Board, including a required majority of the Independent Directors, also reviewed the Co-Investment Policies of the Adviser to ensure that they are reasonably designed to prevent the Company from being disadvantaged by participation in the co-investment program. The Adviser and the Company's Chief Compliance Officer will also provide reporting to the Board.

The Adviser is affiliated with Blue Owl Technology Credit Advisors LLC ("OTCA"), Blue Owl Technology Credit Advisors II LLC ("OTCA II"), Blue Owl Credit Private Fund Advisors LLC ("OPFA") and Blue Owl Diversified Credit Advisors LLC ("ODCA" together with OTCA, OTCA II, OPFA and the Adviser, the "Blue Owl Credit Advisers"), which are also registered investment advisers. The Blue Owl Credit Advisers are indirect affiliates of Blue Owl and comprise part of Blue Owl's Credit platform, which includes several strategies, including direct lending, alternative credit, investment grade credit, liquid credit and other adjacent investment strategies. The Blue Owl Credit Advisers' allocation policies seek to ensure equitable allocation of investment opportunities over time between the Company and other funds managed by the Adviser or its affiliates and address the co-investment restrictions set forth under the 1940 Act. As a result of the Order, there could be significant overlap in the Company's investment portfolio and the investment portfolio of the BDCs, interval fund, private funds and separately managed accounts managed by the Blue Owl Credit Advisers (collectively the "Blue Owl Credit Clients") and/or other funds managed by the Adviser or its affiliates that could avail themselves of the Order. In addition, the Adviser and its affiliates are permitted to allocate an investment to a number of products across platforms that it views as appropriate for the particular investment objectives, strategies and characteristics of such products.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

*Dealer Manager Agreement*

The Company has entered into a dealer manager agreement (the "Dealer Manager Agreement") with Blue Owl Securities, an affiliate of the Adviser, and participating broker-dealer agreements with certain broker-dealers. Under the terms of the Dealer Manager Agreement and the participating broker-dealer agreements, Blue Owl Securities serves as the dealer manager, and certain participating broker-dealers solicit capital, for the Company's public offering of shares of Class S, Class D, and Class I common stock. Blue Owl Securities will be entitled to receive upfront selling commissions of up to 3.50% of the offering price of each Class S share sold in this offering. Blue Owl Securities will be entitled to receive upfront selling commissions of up to 1.50% of the offering price of each Class D share sold in this offering. Blue Owl Securities anticipates that all or a portion of the upfront selling commissions will be retained by, or reallowed (paid) to, participating broker-dealers. Blue Owl Securities will not receive upfront selling commissions with respect to any class of shares issued pursuant to the Company's distribution reinvestment plan or with respect to purchases of Class I shares.

Upfront selling commissions for sales of Class S and Class D shares may be reduced or waived in connection with volume or other discounts, other fee arrangements or for sales to certain categories of purchasers.

Blue Owl Securities, an affiliate of Blue Owl, is registered as a broker-dealer with the SEC and is a member of the Financial Industry Regulatory Authority.

*Shareholder Servicing Plan*

Subject to FINRA limitations on underwriting compensation and pursuant to a distribution plan adopted by the Company in compliance with Rules 12b-1 and 17d-3 under the 1940 Act, as if those rules applied to the Company, the Company will pay Blue Owl Securities servicing fees for ongoing services as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• with respect to the Company's outstanding Class S shares equal to 0.85% per annum of the aggregate net asset value of the Company's outstanding Class S shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• with respect to the Company's outstanding Class D shares equal to 0.25% per annum of the aggregate net asset value of the Company's outstanding Class D shares.

The Company will not pay an ongoing servicing fee with respect to the Company's outstanding Class I shares.

For the three months ended March 31, 2026, the Company accrued servicing fees with respect to Class D shares of $0.3 million. For the three months ended March 31, 2026, the Company accrued servicing fees with respect to Class S shares of $13.3 million.

For the three months ended March 31, 2025, the Company accrued servicing fees with respect to Class D shares of $0.3 million. For the three months ended March 31, 2025, the Company accrued servicing fees with respect to Class S shares of $11.1 million.

The servicing fees are paid monthly in arrears. Blue Owl Securities will reallow (pay) all or a portion of the ongoing servicing fees to participating broker-dealers and servicing broker-dealers for ongoing services performed by such broker-dealers, and will waive ongoing servicing fees to the extent a broker-dealer is not eligible to receive it for failure to provide such services. Because the ongoing servicing fees are calculated based on the Company's net asset values for the Company's Class S and Class D shares, they will reduce the net asset values or, alternatively, the distributions payable, with respect to the shares of each such class, including shares issued under its distribution reinvestment plan. The Company will cease paying ongoing servicing fees at the date at which total underwriting compensation from any source in connection with this offering equals 10% of the gross proceeds from its offering (excluding proceeds from issuances pursuant to its distribution reinvestment plan). This limitation is intended to ensure that the Company satisfies the requirements of FINRA Rule 2310, which provides that the maximum aggregate underwriting compensation from any source, including compensation paid from offering proceeds and in the form of "trail commissions," payable to underwriters, broker-dealers, or affiliates thereof participating in an offering may not exceed 10% of gross offering proceeds, excluding proceeds received in connection with the issuance of shares through a distribution reinvestment plan.

*Expense Support and Conditional Reimbursement Agreement*

On September 30, 2020, the Company entered into the Expense Support and Conditional Reimbursement Agreement (the "Expense Support Agreement") with the Adviser, the purpose of which was to ensure that no portion of the Company's distributions to shareholders represented a return of capital for U.S. federal income tax purposes. The Expense Support Agreement became effective as of the date that the Company met the minimum offering requirement and was terminated by the Adviser on March 7, 2023.

Pursuant to the Expense Support Agreement, prior to its termination on March 7, 2023, on a quarterly basis, the Adviser reimbursed the Company for "Operating Expenses" (as defined below) in an amount equal to the excess of the Company's cumulative distributions paid to the Company's shareholders in each quarter over "Available Operating Funds" (as defined below) received by the Company on account of its investment portfolio during such quarter. Any payments that the Adviser was required to make pursuant to the preceding sentence are referred to herein as an "Expense Payment".

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

Under the Expense Support Agreement, "Operating Expenses" was defined as all of the Company's operating costs and expenses incurred, as determined in accordance with generally accepted accounting principles for investment companies. "Available Operating Funds" was defined as the sum of (i) the Company's estimated investment company taxable income (including realized net short-term capital gains reduced by realized net long-term capital losses), (ii) the Company's realized net capital gains (including the excess of realized net long-term capital gains over realized net short-term capital losses) and (iii) dividends and other distributions paid to the Company on account of preferred and common equity investments in portfolio companies, if any (to the extent such amounts listed in clause (iii) are not included under clauses (i) and (ii) above).

The Adviser's obligation to make Expense Payments under the Expense Support Agreement automatically became a liability of the Adviser and the right to such Expense Payment was an asset of the Company's on the last business day of the applicable quarter. The Expense Payment for any quarter was paid by the Adviser to the Company in any combination of cash or other immediately available funds, and/or offset against amounts due from the Company to the Adviser no later than the earlier of (i) the date on which the Company closes its books for such quarter, or (ii) forty-five days after the end of such quarter.

Following any quarter in which Available Operating Funds exceed the cumulative distributions paid by the Company in respect of such quarter (the amount of such excess being hereinafter referred to as "Excess Operating Funds"), the Company is required to pay such Excess Operating Funds, or a portion thereof, in accordance with the stipulations below, as applicable, to the Adviser, until such time as all Expense Payments made by the Adviser to the Company within three years prior to the last business day of such quarter have been reimbursed. Any payments required to be made by the Company are referred to as a "Reimbursement Payment".

The amount of the Reimbursement Payment for any quarter shall equal the lesser of (i) the Excess Operating Funds in respect of such quarter and (ii) the aggregate amount of all Expense Payments made by the Adviser to the Company within three years prior to the last business day of such quarter that have not been previously reimbursed by the Company to the Adviser. The payment will be reduced to the extent that such Reimbursement Payments, together with all other Reimbursement Payments paid during the fiscal year, would cause Other Operating Expenses defined as the Company's total Operating Expenses, excluding base management fees, incentive fees, organization and offering expenses, distribution and shareholder servicing fees, financing fees and costs, interest expense, brokerage commissions and extraordinary expenses on an annualized basis and net of any Expense Payments received by the Company during the fiscal year to exceed the lesser of: (i) 1.75% of the Company's average net assets attributable to the shares of the Company's common stock for the fiscal year-to-date period after taking such Expense Payments into account; and (ii) the percentage of the Company's average net assets attributable to shares of the Company's common stock represented by Other Operating Expenses during the fiscal year in which such Expense Payment was made (provided, however, that this clause (ii) shall not apply to any Reimbursement Payment which relates to an Expense Payment made during the same fiscal year).

No Reimbursement Payment for any quarter will be made if: (1) the "Effective Rate of Distributions Per Share" (as defined below) declared by the Company at the time of such Reimbursement Payment is less than the Effective Rate of Distributions Per Share at the time the Expense Payment was made to which such Reimbursement Payment relates, or (2) the Company's "Operating Expense Ratio" (as defined below) at the time of such Reimbursement Payment is greater than the Operating Expense Ratio at the time the Expense Payment was made to which such Reimbursement Payment relates. Pursuant to the Expense Support Agreement, "Effective Rate of Distributions Per Share" means the annualized rate (based on a 365 day year) of regular cash distributions per share exclusive of returns of capital, distribution rate reductions due to distribution and shareholder fees, and declared special dividends or special distributions, if any. The "Operating Expense Ratio" is calculated by dividing Operating Expenses, less organizational and offering expenses, base management and incentive fees owed to Adviser, and interest expense, by the Company's net assets.

The specific amount of expenses reimbursed by the Adviser, if any, will be determined at the end of each quarter. The Company's obligation to make Reimbursement Payments, subject to the conditions above, survives the termination of the Expense Support Agreement. There are no Reimbursement Payments conditionally due from the Company to the Adviser.

Prior to termination of the Expense Support Agreement, Expense Support Payments provided by the Adviser since inception was $9.4 million. All Expense Support Payments were repaid prior to termination.

*License Agreement*

On July 6, 2023, the Company entered into a license agreement (the "License Agreement"), with an affiliate of Blue Owl, pursuant to which the Company was granted a non-exclusive license to use the name "Blue Owl." Under the License Agreement, the Company has a right to use the Blue Owl name for so long as the Adviser or one of its affiliates remains the Company's investment adviser. Other than with respect to this limited license, the Company will have no legal right to the "Blue Owl" name or logo.

*Controlled, Affiliated/Non-Controlled, Affiliated Portfolio Companies*

Under the 1940 Act, the Company is required to separately identify non-controlled investments where it owns 5% or more of a portfolio company's outstanding voting securities as investments in "affiliated" companies. In addition, under the 1940 Act, the Company is required to separately identify investments where it owns more than 25% of a portfolio company's outstanding voting securities and/or has the power to exercise control over the management or policies of such portfolio company as investments in

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

"controlled" companies. Under the 1940 Act, "non-affiliated investments" are defined as investments that are neither controlled investments nor affiliated investments. Detailed information with respect to the Company's non-controlled, non-affiliated; non-controlled, affiliated; and controlled affiliated investments is contained in the accompanying consolidated financial statements, including the consolidated schedule of investments.

The Company has made investments in controlled, affiliated companies, including Amergin AssetCo, Fifth Season, BOCSO, LSI Financing LLC, OCIC SLF, Credit SLF, Blue Owl Leasing and Owl HP Finance. For further description of OCIC SLF, Credit SLF, and Blue Owl Leasing, see "*Note 4— Investments".*

The Company has also made investments in non-controlled, affiliated companies, including LSI Financing 1 DAC ("LSI Financing DAC") and Wingspire Capital Holdings LLC ("Wingspire").

Amergin was created to invest in a leasing platform focused on railcar and aviation assets. Amergin consists of Amergin AssetCo and Amergin Asset Management, LLC, which has entered into a Servicing Agreement with Amergin AssetCo. The Company made an initial equity commitment to Amergin AssetCo on July 1, 2022. As of March 31, 2026, the Company's commitment to Amergin AssetCo is $231.6 million, of which $94.8 million is equity and $136.8 million is debt. As of March 31, 2026, the fair value of the Company's investment in Amergin AssetCo was $216.2 million. The Company does not consolidate its equity interest in Amergin AssetCo.

Fifth Season is a portfolio company created to invest in life settlement assets. On July 18, 2022, the Company made an initial equity commitment to Fifth Season. As of March 31, 2026, the fair value of the Company's investment in Fifth Season is $345.8 million. The Company does not consolidate its equity interest in Fifth Season.

BOCSO is a portfolio company formed to hold alternative credit assets, including ABF. ABF is a subsector of private credit focused on generating income from pools of financial, physical or other assets. On September 18, 2025, the Company made an initial equity contribution to BOCSO. As of March 31, 2026, the Company's investment at fair value in BOCSO was $246.7 million and the Company's total commitment was $248.0 million. The Company does not consolidate its equity interest in BOCSO.

LSI Financing LLC is a separately managed portfolio company formed to indirectly own royalty purchase agreements and loans in the life sciences space. The Adviser provides consulting services to a subsidiary of LSI Financing LLC in exchange for a fee. The Adviser has agreed to waive a portion of the management fee payable by the Company pursuant to the Investment Advisory Agreement equal to the Company's pro rata amount of such consulting fee. On November 25, 2024, the Company made an initial equity commitment to LSI Financing LLC. As of March 31, 2026, the fair value of the Company's investment in LSI Financing LLC is $561.4 million and the Company's total commitment is $724.7 million. The Company does not consolidate its equity interest in LSI Financing LLC.

LSI Financing DAC is a portfolio company formed to acquire contractual rights to revenue pursuant to earnout agreements generally in the life sciences space. On December 14, 2022, the Company made an initial equity commitment to LSI Financing DAC. As of March 31, 2026, the fair value of the Company's investment in LSI Financing DAC is $4.2 million and total commitment is $4.2 million. The Company does not consolidate its equity interest in LSI Financing DAC.

Wingspire is an independent diversified direct lender focused on providing asset-based commercial finance loans and related senior secured loans to U.S.-based middle-market borrowers. Wingspire offers a wide variety of asset-based financing solutions to businesses in an array of industries, including revolving credit facilities, machinery and equipment term loans, real estate term loans, first-in/last-out tranches, cash flow term loans, and opportunistic/bridge financings. Wingspire conducts its business through an indirectly owned subsidiary, Wingspire Capital LLC. On November 7, 2025, the Company made its initial commitment to Wingspire. As of March 31, 2026, the fair value of the Company's investment in Wingspire is $10.1 million and the Company's total commitment is $45.0 million. The Company does not consolidate its equity interest in Wingspire.

Owl-HP Finance is an investment partnership with Hearthstone Residential Holdings ("Hearthstone"), a majority-owned subsidiary of Five Point Holdings, LLC ("Five Point") (NYSE:FPH). Owl-HP Finance was created to invest in residential land banking (or lot option) programs that provide capital to public home builders. As of March 31, 2026, the Company's investment at fair value in Owl-HP Finance was $44.1 million and the Company's total commitment was $215.5 million. The Company does not consolidate its equity interest in Owl-HP Finance.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

**Note 4. Investments**

Investments at fair value and amortized cost consisted of the below as of the following periods:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| | **Amortized Cost** | **Fair Value** | **Amortized Cost** | **Fair Value** |
| First-lien senior secured debt investments | $31431207 | $30985887 | $31727075 | $31597264 |
| Second-lien senior secured debt investments | 1482929 | 1342673 | 1554896 | 1500498 |
| Unsecured debt investments | 433479 | 439084 | 463745 | 479850 |
| Specialty finance debt investments | 136796 | 136796 | 134800 | 134800 |
| Preferred equity investments | 517490 | 506595 | 508942 | 496312 |
| Common equity investments | 399883 | 457746 | 370541 | 435238 |
| Specialty finance equity investments | 1209838 | 1293753 | 814147 | 900635 |
| Joint ventures | 412634 | 337916 | 409012 | 374351 |
| &nbsp;&nbsp;**Total Investments** | $36024256 | $35500450 | $35983158 | $35918948 |

---

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The industry composition of investments based on fair value consisted of the below as of the following periods:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Advertising and media | 1.4% | 1.3% |
| Aerospace and defense | 0.8 | 0.9 |
| Asset based lending and fund finance<sup>(1)</sup>  | 1.7 | 1.5 |
| Automotive services | 2.2 | 2.1 |
| Automotive aftermarket<sup>(5)</sup> | 0.0 | 0.0 |
| Buildings and real estate<sup>(6)</sup> | 3.1 | 2.9 |
| Business services | 4.1 | 3.9 |
| Chemicals | 2.2 | 2.1 |
| Consumer products | 1.4 | 1.6 |
| Containers and packaging | 2.5 | 2.7 |
| Distribution | 2.2 | 2.5 |
| Education | 0.5 | 0.6 |
| Energy equipment and services | 0.2 | 0.2 |
| Financial services | 6.4 | 6.5 |
| Food and beverage | 4.6 | 4.7 |
| Healthcare equipment and services | 6.9 | 7.0 |
| Healthcare providers and services | 13.2 | 13.9 |
| Healthcare technology | 5.8 | 5.6 |
| Household products | 1.6 | 1.5 |
| Human resource support services | 0.7 | 0.7 |
| Infrastructure and environmental services | 2.3 | 2.3 |
| Insurance<sup>(2)</sup>  | 8.7 | 8.8 |
| Internet software and services | 12.5 | 11.6 |
| Joint ventures<sup>(3)</sup>  | 1.0 | 1.0 |
| Leisure and entertainment | 2.7 | 2.8 |
| Manufacturing | 1.4 | 2.0 |
| Pharmaceuticals<sup>(4)</sup> | 2.3 | 1.4 |
| Professional services | 4.7 | 4.8 |
| Specialty retail | 0.9 | 0.9 |
| Telecommunications | 1.5 | 1.7 |
| Transportation | 0.5 | 0.5 |
| &nbsp;&nbsp;**Total** | 100.0% | 100.0% |

---

<sup>(1)</sup> Includes investments in Amergin AssetCo, BOCSO and Wingspire.

<sup>(2)</sup> Includes equity investment in Fifth Season.

<sup>(3)</sup> Includes equity investments in OCIC SLF, Credit SLF and Blue Owl Leasing. See below, within Note 4, for more information regarding OCIC SLF, Credit SLF and Blue Owl Leasing.

<sup>(4)</sup> Includes equity investments in LSI Financing DAC and LSI Financing LLC.

<sup>(5)</sup> Rounds to less than 0.1%.

<sup>(6)</sup> Includes investments in Owl-HP Finance.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The geographic composition of investments based on fair value consisted of the below as of the following periods:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| *United States:* |  |  |
| &nbsp;&nbsp;Midwest | 17.9% | 17.5% |
| &nbsp;&nbsp;Northeast | 22.1 | 21.9 |
| &nbsp;&nbsp;South | 32.0 | 32.8 |
| &nbsp;&nbsp;West | 19.2 | 19.2 |
| International | 8.8 | 8.6 |
| &nbsp;&nbsp;**Total** | 100.0% | 100.0% |

---

*OCIC SLF LLC*

OCIC SLF LLC (f/k/a Blue Owl Credit Income Senior Loan Fund LLC) ("OCIC SLF"), a Delaware limited liability company, was formed as a wholly-owned subsidiary of the Company and commenced operations on February 14, 2022. On November 2, 2022 ("OCIC SLF Effective Date"), the Company and State Teachers Retirement System of Ohio ("OSTRS" and together with the Company, the "Members" and each, a "Member") entered into an Amended and Restated Limited Liability Company Agreement to co-manage OCIC SLF as a joint-venture. OCIC SLF's principal purpose is to make investments, primarily in senior secured loans that are made to middle-market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. The Company and OSTRS have agreed to contribute $437.5 million and $62.5 million, respectively, to OCIC SLF. The Company and OSTRS have a 87.5% and 12.5% economic ownership, respectively, in OCIC SLF. Except under certain circumstances, contributions to OCIC SLF cannot be redeemed. OCIC SLF is managed by a board consisting of an equal number of representatives appointed by each Member and which acts unanimously. Investment decisions must be approved unanimously by an investment committee consisting of an equal number of representative appointed by each Member.

Prior to the OCIC SLF Effective Date, OCIC SLF's wholly owned subsidiaries, ORCIC JV WH LLC and ORCIC JV WH II entered into revolving loan facilities (the "OCIC SLF Debt Facilities") and in connection therewith entered into master sale and participation agreements pursuant to which we contributed certain collateral assets to the Subsidiaries and such collateral assets became collateral under the OCIC SLF Debt Facilities (the "OCIC SLF Debt Facility Assets").

On the OCIC SLF Effective Date, the Company was deemed to have made a capital contribution of approximately $108.9 million and OSTRS acquired a 12.5% interest in OCIC SLF from the Company for approximately $15.6 million. The amount of the Company's deemed contribution, and OSTRS' purchase from the Company, were based on the fair value of the OCIC SLF SPV Debt Facility Assets less certain amounts that had been distributed to the Company and subject to certain adjustments. In connection therewith, the Company and OSTRS agreed and acknowledged that OCIC SLF SPV Debt Facility Assets were assets of OCIC SLF as if they had been acquired pursuant to the terms of the LLC Agreement.

The Company has determined that OCIC SLF is an investment company under Accounting Standards Codification 946, however, in accordance with such guidance, the Company will generally not consolidate its investment in a company other than a wholly owned investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company does not consolidate its non-controlling interest in OCIC SLF.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The table below sets forth OCIC SLF's consolidated financial data as of and for the following periods:

---

| | | |
|:---|:---|:---|
| | **As of March 31, 2026**  | **As of December 31, 2025** |
| ***Consolidated Balance Sheet Data*** | | |
| Cash | $104543 | $58827 |
| Investments at fair value | 1586262 | 1626107 |
| **Total Assets** | 1715337 | 1704149 |
| Total Debt (net of unamortized debt issuance costs) | 1312638 | 1312107 |
| Total Liabilities | 1423425 | 1383769 |
| &nbsp;&nbsp;**Total OCIC SLF Members' Equity** | 291912 | 320380 |

---

---

| | | |
|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| | **2026** | **2025** |
| ***Consolidated Statement of Operations Data*** |  |  |
| **Income** |  |  |
| Investment income | $28150 | $34149 |
| **Expenses** |  |  |
| Net operating expenses | 20898 | 21958 |
| Net investment income (loss) | $7252 | $12191 |
| Total net realized and unrealized gain (loss) | (38467) | (23351) |
| &nbsp;&nbsp;**Net Increase (Decrease) in OCIC SLF Members' Equity Resulting from Operations** | $(31215) | $(11160) |

---

The Company's proportional share of OCIC SLF's distributions for the following period:

---

| | | |
|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| | **2026** | **2025** |
| Dividend income | $6346 | $9590 |

---

*Blue Owl Credit SLF LLC*

Credit SLF, a Delaware limited liability company, is a joint venture among the Company, Blue Owl Capital Corporation, Blue Owl Capital Corporation II, Blue Owl Technology Finance Corp., Blue Owl Technology Income Corp., and State Teachers Retirement System of Ohio (each, a "Credit SLF Member" and collectively, the "Credit SLF Members"). Credit SLF's principal purpose is to make investments primarily in senior secured loans to middle market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. Credit SLF is managed by a board of directors comprised of an equal number of directors appointed by each Credit SLF Member and which acts unanimously. Investment decisions must be approved by Credit SLF's board. The Credit SLF Members coinvest through Credit SLF, or its wholly owned subsidiaries. Credit SLF's date of inception was May 6, 2024 and Credit SLF made its first portfolio company investment on July 23, 2024.

Credit SLF's investments at fair value are determined in accordance with FASB ASC 820, as amended; however, determination of such fair value is not included in the Company's valuation process.

Other than for purposes of the 1940 Act, the Company does not believe it has control over this portfolio company. Accordingly, the Company does not consolidate its non-controlling interest in Credit SLF.

On May 15, 2025 the Credit SLF Members modified their capital commitments to Credit SLF and the Company's capital commitment was increased to $46.3 million. On September 4, 2025, certain Credit SLF Members increased their capital commitments to Credit SLF and the Company's capital commitment was increased to $87.2 million. In the first quarter of 2026, certain Credit SLF Members further increased their capital commitments to Credit SLF and the Company's capital commitment was increased to $136.4 million of which $49.3 million was unfunded as of March 31, 2026.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

As of March 31, 2026, the capital commitment and economic ownership of each Credit SLF Member is as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Members** | **Capital Commitment** | **Net Contributed Capital** | **Economic Ownership Interest**<sup>(1)</sup> |
| Blue Owl Capital Corporation | $446460 | $427085 | 66.1% |
| Blue Owl Capital Corporation II<sup>(2)</sup> | 244 | 244 | 0.0% |
| Blue Owl Credit Income Corp. | 136419 | 87169 | 13.5% |
| Blue Owl Technology Finance Corp. | 53812 | 34937 | 5.4% |
| Blue Owl Technology Income Corp. | 16161 | 16161 | 2.5% |
| State Teachers Retirement System of Ohio | 93299 | 80799 | 12.5% |
| &nbsp;&nbsp;**Total** | $746395 | $646395 | 100.0% |

---

_______________

<sup>(1) &nbsp;&nbsp;&nbsp;&nbsp;</sup>This represents each equity holder's ownership percentage at March 31, 2026 based on net contributed capital.

<sup>(2)</sup> Economic ownership interest for Blue Owl Capital Corporation II is 0.04%.

The table below sets forth Credit SLF's consolidated financial data as of and for the following periods:

---

| | | |
|:---|:---|:---|
| | **As of March 31, 2026**  | **As of December 31, 2025** |
| ***Consolidated Balance Sheet Data*** | | |
| Cash | $167235 | $124718 |
| Investments at fair value | 2417836 | 2343367 |
| Total Assets | 2616236 | 2477523 |
| Total Debt (net of unamortized debt issuance costs) | 1831178 | 1728363 |
| Total Liabilities | 2026448 | 1863454 |
| &nbsp;&nbsp;**Total Credit SLF Members' Equity** | $589788 | $614069 |

---

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| ***Consolidated Statement of Operations Data*** |  |  |
| Investment income | $41005 | $23696 |
| Net operating expenses | 25030 | 13659 |
| Net investment income (loss) | $15975 | $10037 |
| Total net realized and unrealized gain (loss) | (51991) | (16103) |
| &nbsp;&nbsp;**Net Increase (Decrease) in Credit SLF Members' Equity Resulting from Operations** | $(36016) | $(6066) |

---

The Company's proportional share of Credit SLF's distributions for the following periods:

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| Dividend income | $1728 | $123 |

---

*Blue Owl Leasing LLC*

Blue Owl Leasing, a Delaware limited liability company, is a joint venture among the Company, Blue Owl Capital Corporation, Blue Owl Capital Corporation II, Blue Owl Technology Finance Corp., Blue Owl Technology Income Corp., Blue Owl Alternative Credit Fund and California State Teachers Retirement System (each, a "Blue Owl Leasing Member" and collectively, the "Blue Owl Leasing Members"). Blue Owl Leasing's principal purpose is to make investments, either directly or indirectly through financing subsidiaries or other persons, primarily in leases and loans. Investment decisions must be approved by Blue Owl Leasing. The Blue Owl Leasing Members coinvest through Blue Owl Leasing, or its wholly owned subsidiaries. Blue Owl Leasing's date of inception was June 30, 2025 and Blue Owl Leasing made its first portfolio company investment on October 23, 2025.

Blue Owl Leasing's investments at fair value are determined in accordance with FASB ASC 820, as amended; however, such fair value is not included in the Company's valuation process.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

Other than for purposes of the 1940 Act, the Company does not believe it has control over this portfolio company. Accordingly, the Company does not consolidate its non-controlling interest in Blue Owl Leasing.

As of March 31, 2026, the capital commitment, called capital and economic ownership of each Blue Owl Leasing Member is as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Members** | **Capital Commitment** | **Net Contributed Capital** | **Economic Ownership Interest**<sup>(1)</sup> |
| Blue Owl Capital Corporation | $860 | $860 | 2.2% |
| Blue Owl Capital Corporation II | 90 | 90 | 0.2% |
| Blue Owl Credit Income Corp. | 30952 | 1900 | 4.7% |
| Blue Owl Technology Finance Corp. | 8955 | 800 | 2.0% |
| Blue Owl Technology Income Corp. | 3918 | 350 | 0.9% |
| Blue Owl Alternative Credit Fund | 31000 | 31000 | 77.5% |
| California State Teachers Retirement System | 10825 | 5000 | 12.5% |
| &nbsp;&nbsp;**Total** | $86600 | $40000 | 100.0% |

---

_______________

<sup>(1)</sup> &nbsp;&nbsp;&nbsp;&nbsp;This represents each equity holder's ownership percentage at March 31, 2026, based on net contributed capital.

The table below sets forth Blue Owl Leasing's consolidated financial data as of and for the following period:

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**As of March 31, 2026** | **As of December 31, 2025**<sup>(1)</sup> |
| ***Consolidated Balance Sheet Data*** | | |
| Cash | $9981 | $34555 |
| Investments at fair value | 39363 | 39628 |
| Total Assets | 49650 | 74531 |
| Total Debt (net of unamortized debt issuance costs) | 9374 | 9754 |
| Total Liabilities | 9861 | 10076 |
| &nbsp;&nbsp;**Total Blue Owl Leasing Members' Equity** | $39789 | $64455 |

---

_______________

 <sup>(1) &nbsp;&nbsp;&nbsp;&nbsp;</sup>The Company's date of inception was June 30, 2025.

---

| | |
|:---|:---|
| | **For the Three Months Ended March 31,**<br>**2026** |
| ***Consolidated Statement of Operations Data*** |  |
| **Income** |  |
| Investment income | $1043 |
| **Expenses** |  |
| Net operating expenses | 871 |
| Net investment income (loss) | $172 |
| Total net realized and unrealized gain (loss) | (239) |
| &nbsp;&nbsp;**Net Increase (Decrease) in Blue Owl Leasing Members' Equity Resulting From Operations** | $(67) |

---

Blue Owl Leasing did not distribute any dividends to the Company for the period ended March 31, 2026.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

**Note 5. Debt**

In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing. The Company's asset coverage was 215% and 223% as of March 31, 2026 and December 31, 2025, respectively.

Debt obligations consisted of the following as of the following periods:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| | **Aggregate Principal Committed** | **Outstanding Principal** | **Amount Available**<sup>(1)</sup> | **Unamortized Debt Issuance Costs** | **Net Carrying Value** |
| Revolving Credit Facility<sup>(2)(4)</sup> | $3900000 | $568310 | $3240717 | $(19252) | $549058 |
| SPV Asset Facility I | 650000 | 238600 | 12852 | (7175) | 231425 |
| SPV Asset Facility II | 2000000 | 932000 | 90328 | (17026) | 914974 |
| SPV Asset Facility III | 2000000 | 1233500 | 182404 | (15690) | 1217810 |
| SPV Asset Facility IV | 500000 | 240000 | 96398 | (5171) | 234829 |
| SPV Asset Facility V | 750000 | 606250 | 46002 | (4996) | 601254 |
| SPV Asset Facility VI | 1350000 | 746000 | 80572 | (10988) | 735012 |
| SPV Asset Facility VII<sup>(2)</sup> | 500000 | 463319 | 6657 | (2457) | 460862 |
| SPV Asset Facility VIII | 1000000 | 587500 | 80629 | (5162) | 582338 |
| SPV Asset Facility IX | 300000 | 230000 | 59095 | (2535) | 227465 |
| SPV Asset Facility X | 750000 | 250000 | 80144 | (4779) | 245221 |
| SPV Asset Facility XI | 500000 | 218000 | 31727 | (2820) | 215180 |
| CLO VIII | 375000 | 375000 |  | (2165) | 372835 |
| CLO XI | 260000 | 260000 |  | (1464) | 258536 |
| CLO XV | 312000 | 312000 |  | (2443) | 309557 |
| CLO XVI | 420000 | 420000 |  | (2374) | 417626 |
| CLO XVII | 325000 | 325000 |  | (2515) | 322485 |
| CLO XVIII | 260000 | 260000 |  | (1659) | 258341 |
| CLO XIX | 260000 | 260000 |  | (1807) | 258193 |
| CLO XXII | 737500 | 737500 |  | (3028) | 734472 |
| CLO XXIV | 600000 | 600000 |  | (1813) | 598187 |
| September 2026 Notes | 350000 | 350000 |  | (805) | 349195 |
| February 2027 Notes | 500000 | 500000 |  | (1391) | 498609 |
| September 2027 Notes<sup>(3)</sup> | 600000 | 600000 |  | 2808 | 599155 |
| AUD 2027 Notes<sup>(2)(3)(5)</sup> | 301816 | 301816 |  | (1560) | 305128 |
| May 2028 Notes<sup>(3)</sup> | 500000 | 500000 |  | (5911) | 494580 |
| June 2028 Notes<sup>(3)</sup> | 650000 | 650000 |  | 4747 | 650802 |
| January 2029 Notes<sup>(3)</sup> | 550000 | 550000 |  | 117 | 547486 |
| September 2029 Notes<sup>(3)</sup> | 900000 | 900000 |  | (6456) | 909618 |
| March 2030 Notes<sup>(3)</sup> | 1000000 | 1000000 |  | (16896) | 965528 |
| EUR 2031 Notes<sup>(2)(3)</sup> | 576212 | 576212 |  | (8690) | 553870 |
| March 2031 Notes<sup>(3)</sup> | 750000 | 750000 |  | (14964) | 738375 |
| &nbsp;&nbsp;**Total Debt** | $24427528 | $16541007 | $4007525 | $(166320) | $16358006 |

---

<sup>(1)</sup> The amount available reflects any limitations related to each credit facility's borrowing base.

<sup>(2)</sup> Includes unrealized gain (loss) on translation of borrowings denominated in foreign currencies.

<sup>(3)</sup> Net carrying value is inclusive of change in fair market value of effective hedge.

<sup>(4)</sup> The amount available is reduced by $91.0 million of outstanding letters of credit.

<sup>(5)</sup> AUD 2027 Notes are net of a cross-currency swap.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| | **Aggregate Principal Committed** | **Outstanding Principal** | **Amount Available**<sup>(1)</sup> | **Unamortized Debt Issuance (Costs) Premium** | **Net Carrying Value** |
| Revolving Credit Facility<sup>(2)(4)</sup> | $3850000 | $995268 | $2774463 | $(20441) | $974827 |
| SPV Asset Facility I | 650000 | 238600 | 32307 | (7346) | 231254 |
| SPV Asset Facility II | 2000000 | 932000 | 173356 | (18062) | 913938 |
| SPV Asset Facility III | 2000000 | 1233500 | 142656 | (16599) | 1216901 |
| SPV Asset Facility IV | 500000 | 175000 | 135793 | (5314) | 169686 |
| SPV Asset Facility V | 750000 | 606250 | 43905 | (5344) | 600906 |
| SPV Asset Facility VI | 1350000 | 646000 | 48201 | (12323) | 633677 |
| SPV Asset Facility VII<sup>(2)</sup> | 500000 | 463585 | 35092 | (2650) | 460935 |
| SPV Asset Facility VIII | 1000000 | 587500 | 100696 | (5293) | 582207 |
| SPV Asset Facility IX | 300000 | 230000 | 27908 | (2693) | 227307 |
| SPV Asset Facility X | 750000 |  |  | (5206) | (5206) |
| CLO VIII | 375000 | 375000 |  | (2213) | 372787 |
| CLO XI | 260000 | 260000 |  | (1466) | 258534 |
| CLO XV | 312000 | 312000 |  | (2504) | 309496 |
| CLO XVI | 420000 | 420000 |  | (2432) | 417568 |
| CLO XVII | 325000 | 325000 |  | (2575) | 322425 |
| CLO XVIII | 260000 | 260000 |  | (1699) | 258301 |
| CLO XIX | 260000 | 260000 |  | (1776) | 258224 |
| CLO XXII | 737500 | 737500 |  | (3238) | 734262 |
| September 2026 Notes | 350000 | 350000 |  | (1219) | 348781 |
| February 2027 Notes | 500000 | 500000 |  | (1783) | 498217 |
| September 2027 Notes<sup>(3)</sup> | 600000 | 600000 |  | 3252 | 602558 |
| AUD 2027 Notes<sup>(2)(3)(5)</sup> | 300771 | 300771 |  | (1801) | 297500 |
| May 2028 Notes<sup>(3)</sup> | 500000 | 500000 |  | (6572) | 497070 |
| June 2028 Notes<sup>(3)</sup> | 650000 | 650000 |  | 5232 | 655313 |
| January 2029 Notes<sup>(3)</sup> | 550000 | 550000 |  | (8860) | 551308 |
| September 2029 Notes<sup>(3)</sup> | 900000 | 900000 |  | (6878) | 916757 |
| March 2030 Notes<sup>(3)</sup> | 1000000 | 1000000 |  | (17838) | 970380 |
| EUR 2031 Notes<sup>(2)(3)</sup> | 587218 | 587218 |  | (9107) | 571783 |
| March 2031 Notes<sup>(3)</sup> | 750000 | 750000 |  | (15595) | 742633 |
| &nbsp;&nbsp;**Total Debt** | $23287489 | $15745192 | $3514377 | $(180343) | $15590329 |

---

<sup>(1)</sup> The amount available reflects any limitations related to each credit facility's borrowing base.

<sup>(2)</sup> Includes unrealized gain (loss) on translation of borrowings denominated in foreign currencies.

<sup>(3)</sup> Net carrying value is inclusive of change in fair market value of effective hedge.

<sup>(4)</sup> The amount available is reduced by $80.3 million of outstanding letters of credit.

<sup>(5)</sup> AUD 2027 Notes are net of a cross-currency swap.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The below table represents the components of interest expense for the following periods:

---

| | | |
|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| | **2026** | **2025** |
| Interest expense | $246682 | $213576 |
| Amortization of debt issuance costs | 11022 | 11038 |
| Net change in unrealized (gain) loss on effective interest rate swaps and hedged items included in interest expense<sup>(1)</sup> | (497) | (8054) |
| **Total Interest Expense** | $257207 | $216560 |
| Average interest rate | 6.1% | 6.8% |
| Average daily borrowings | $16279343 | $12499494 |

---

<sup>(1)</sup> Refer to the *September 2027, AUD 2027, May 2028, June 2028, January 2029, September 2029, March 2030, EUR 2031, and March 2031 Notes* for details on the facilities' interest rate swaps.

***Credit Facilities***

*Revolving Credit Facility*

On August 11, 2022, the Company entered into an Amended and Restated Senior Secured Revolving Credit Agreement (as amended from time to time, the "Revolving Credit Facility"). The parties to the Revolving Credit Facility include the Company, as Borrower, the lenders from time to time parties thereto (each a "Revolving Credit Lender" and collectively, the "Revolving Credit Lenders") and Sumitomo Mitsui Banking Corporation, as Administrative Agent. On October 18, 2024 (the "Revolving Credit Facility Third Amendment Date"), the Revolving Credit Facility was amended to extend the availability period and maturity date, increase the total facility amount and make various other changes. The following describes the terms of the Revolving Credit Facility as modified through January 23, 2026.

The Revolving Credit Facility is guaranteed by certain subsidiaries of ours in existence as of the Revolving Credit Facility Third Amendment Date, and will be guaranteed by certain subsidiaries of ours that are formed or acquired by us thereafter (each a "Guarantor" and collectively, the "Guarantors"). Proceeds of the Revolving Credit Facility may be used for general corporate purposes, including the funding of portfolio investments.

The Revolving Credit Facility provides for, on an aggregated basis, a total of outstanding term loans and revolving credit facility commitments in the principal amount of $3.90 billion, which is comprised of (a) a term loan in a principal amount of $150.0 million and (b) subject to availability under the borrowing base, which is based on the Company's portfolio investments and other outstanding indebtedness, a revolving credit facility in a principal amount of up to $3.75 billion (increased from $3.70 billion to $3.75 billion on January 23, 2026). The amount available for borrowing under the Revolving Credit Facility is reduced by any standby letters of credit issued through the Revolving Credit Facility. Maximum capacity under the Revolving Credit Facility may be increased to $4.60 billion through the Company's exercise of an uncommitted accordion feature through which existing and new lenders may, at their option, agree to provide additional financing. The Revolving Credit Facility includes a $200.0 million limit for swingline loans and is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Company and each Guarantor, subject to certain exceptions.

The availability period under the Revolving Credit Facility will terminate on October 18, 2028 (the "Revolving Credit Facility Commitment Termination Date"). The Revolving Credit Facility will mature on October 18, 2029 (the "Revolving Credit Facility Maturity Date"). During the period from the Revolving Credit Facility Commitment Termination Date to the Revolving Credit Facility Maturity Date, the Company will be obligated to make mandatory prepayments under the Revolving Credit Facility out of the proceeds of certain asset sales and other recovery events and equity and debt issuances.

The Company may borrow amounts in U.S. dollars or certain other permitted currencies. Amounts drawn under the Revolving Credit Facility in U.S. dollars bear interest at term SOFR plus any applicable credit adjustment spread plus margin of 1.875% per annum, or the alternative base rate plus margin of 0.875% per annum. With respect to loans denominated in U.S. dollars, the Company may elect either term SOFR or the alternative base rate at the time of drawdown, and such loans may be converted from one rate to another at any time at the Company's option, subject to certain conditions. Amounts drawn under the Revolving Credit Facility in other permitted currencies bear interest at the relevant rate specified therein (including any applicable credit adjustment spread) plus margin of 1.875% per annum. Beginning on and after the Revolving Credit Facility Third Amendment Date, the Company also pays a fee of 0.350% on undrawn amounts under the Revolving Credit Facility.

The Revolving Credit Facility includes customary covenants, including certain limitations on the incurrence by the Company of additional indebtedness and on the Company's ability to make distributions to the Company's shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events and certain financial covenants related to asset coverage and other

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

maintenance covenants, as well as customary events of default. The Revolving Credit Facility requires a minimum asset coverage ratio with respect to the consolidated assets of the Company and its subsidiaries to senior securities that constitute indebtedness of no less than 1.50 to 1.00 at any time.

***SPV Asset Facilities***

Certain of the Company's wholly owned subsidiaries are parties to credit facilities (the "SPV Asset Facilities"). Pursuant to the SPV Asset Facilities, from time to time the Company sells and contributes certain investments to these wholly owned subsidiaries pursuant to sale and contribution agreements by and between the Company and the wholly owned subsidiaries. No gain or loss is recognized as a result of these contributions. Proceeds from the SPV Asset Facilities are used to finance the origination and acquisition of eligible assets by the wholly owned subsidiary, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired to the wholly owned subsidiary through the Company's ownership of the wholly owned subsidiary. The SPV Asset Facilities are secured by a perfected first priority security interest in the assets of these wholly owned subsidiaries and on any payments received by such wholly owned subsidiaries in respect of those assets. Assets pledged to lenders under the SPV Asset Facilities will not be available to pay the Company's debts. The SPV Asset Facilities contain customary covenants, including certain limitations on the incurrence by the Company of additional indebtedness and on the Company's ability to make distributions to its shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events, and customary events of default (with customary cure and notice provisions). Borrowings of the wholly owned subsidiaries under the SPV Asset Facilities are considered the Company's borrowings for purposes of complying with the asset coverage requirements under the 1940 Act.

*SPV Asset Facility I*

On September 16, 2021 (the "SPV Asset Facility I Closing Date"), Core Income Funding I LLC ("Core Income Funding I"), a Delaware limited liability company, entered into a Credit Agreement (the "SPV Asset Facility I"), with Core Income Funding I, as borrower, the lenders from time to time parties thereto (the "SPV Asset Facility I Lenders"), Natixis, New York Branch, as Administrative Agent, State Street Bank and Trust Company as Collateral Agent, Collateral Administrator, Custodian and Document Custodian. The parties to the SPV Asset Facility I have entered into various amendments, including to increase or decrease the amount available under the facility, replace the Collateral Custodian, extend the termination date and extend the maturity date, and make various other changes. The following describes the terms of the SPV Asset Facility I as amended through July 24, 2025 (the "SPV Asset Facility I Fifth Amendment Date").

The maximum principal amount of SPV Asset Facility I is $650.0 million (increased from $450.0 million to $550.0 million on July 10, 2025 and further increased from $550.0 million to $650.0 million on the SPV Asset Facility I Fifth Amendment Date); the availability of this amount is subject to an overcollateralization ratio test, which is based on the value of Core Income Funding I's assets from time to time, and satisfaction of certain conditions, including an interest coverage ratio test, certain concentration limits and collateral quality tests.

The SPV Asset Facility I provides for the ability to (1) draw term loans and (2) draw and redraw revolving loans under the SPV Asset Facility I through May 15, 2028 unless the revolving commitments are terminated or converted to term loans sooner as provided in the SPV Asset Facility I (the " SPV Asset Facility I Commitment Termination Date"). Unless otherwise terminated, the SPV Asset Facility I will mature on May 15, 2036 (the "SPV Asset Facility I Stated Maturity"). Prior to the SPV Asset Facility I Stated Maturity, proceeds received by Core Income Funding I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset I Facility Stated Maturity, Core Income Funding I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn bear interest at Term SOFR (or, in the case of certain lenders that are commercial paper conduits, the lower of their cost of funds and Term SOFR plus 0.10%) plus an applicable margin that ranges from 1.50% to 2.00% depending on a ratio of broadly syndicated loans to middle-market loans in the collateral. From the SPV Asset I Facility Closing Date to the SPV Asset I Facility Commitment Termination Date, there is a commitment fee that steps up during the six months after the SPV Asset I Facility Closing Date from 0.00% to 0.625% per annum, which rate remains in effect to but excluding May 15, 2025, and then equals 0.50% per annum thereafter on the undrawn amount, if any, of the revolving commitments in the SPV Asset Facility I.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

*SPV Asset Facility II*

On October 5, 2021 (the "SPV Asset Facility II Closing Date"), Core Income Funding II LLC ("Core Income Funding II"), a Delaware limited liability company, entered into a loan and financing and servicing agreement (as amended through the date hereof, the "SPV Asset Facility II"), with Core Income Funding II, as borrower, us, as equityholder and service provider, the lenders from time to time parties thereto (the "SPV Asset Facility II Lenders"), Deutsche Bank AG, New York Branch, as Facility Agent, State Street Bank and Trust Company, as collateral agent and collateral custodian. The parties to the SPV Asset Facility II have entered into various amendments, including to increase the amount available under the facility, extend the revolving period and termination date, change the interest rate and make various other changes. The following describes the terms of the SPV Asset Facility II as amended through April 18, 2025 (the "SPV Asset Facility II Ninth Amendment Date").

The maximum principal amount of the SPV Asset Facility II is $2.00 billion (increased from $1.50 billion to $2.00 billion on the SPV Asset Facility II Ninth Amendment Date); the availability of this amount is subject to the borrowing base, which is determined on the basis of the value and types of Core Income Funding II's assets from time to time, and satisfaction of certain conditions, including interest spread and weighted average coupon tests, certain concentration limits and collateral quality tests.

The SPV Asset Facility II provides for the ability to borrow, reborrow, repay and prepay advances under the SPV Asset Facility II until April 18, 2028 unless such period is extended or accelerated under the terms of the SPV Asset Facility II (the "SPV Asset Facility II Revolving Period"). Unless otherwise extended, accelerated or terminated under the terms of the SPV Asset Facility II, the SPV Asset Facility II will mature on the date that is two years after the last day of the SPV Asset Facility II Revolving Period, on April 18, 2030 (the "SPV Asset Facility II Termination Date"). Prior to the Facility Termination Date, proceeds received by Core Income Funding II from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding advances, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility II Termination Date, Core Income Funding II must pay in full all outstanding fees and expenses and all principal and interest on outstanding advances, and the excess may be returned to the Company.

Amounts drawn under the SPV Asset Facility II bear interest at Term SOFR (or, in the case of certain SPV Asset Facility II Lenders that are commercial paper conduits, the lower of (a) their cost of funds and (b) Term SOFR, such Term SOFR not to be lower than zero) plus a spread equal to 1.70% per annum, which spread will increase (a) on and after the end of the SPV Asset Facility II Revolving Period by 0.15% per annum if no event of default has occurred and (b) by 2.00% per annum upon the occurrence of an event of default (such spread, the "SPV Asset Facility II Applicable Margin"). Term SOFR may be replaced as a base rate under certain circumstances. During the SPV Asset Facility II Revolving Period, Core Income Funding II will pay an undrawn fee ranging from 0.00% to 0.25% per annum on the undrawn amount, if any, of the revolving commitments in the SPV Asset Facility II. During the SPV Asset Facility II Revolving Period, if the undrawn commitments are in excess of a certain portion (initially 30.0% and increasing in stages to 35%, 40%, 45% and 50%) of the total commitments under the SPV Asset Facility II, Core Income Funding II will also pay a make-whole fee equal to the SPV Asset Facility II Applicable Margin multiplied by such excess undrawn commitment amount, reduced by the undrawn fee payable on such excess. Core Income Funding II will also pay Deutsche Bank AG, New York Branch, certain fees (and reimburse certain expenses) in connection with its role as facility agent.

*SPV Asset Facility III*

On March 24, 2022 (the "SPV Asset Facility III Closing Date"), Core Income Funding III LLC ("Core Income Funding III"), a Delaware limited liability company, entered into a Credit Agreement (the "SPV Asset Facility III"), with Core Income Funding III, as borrower, the Adviser, as servicer, the lenders from time to time parties thereto (the "SPV Asset Facility III Lenders"), Bank of America, N.A., as administrative agent, State Street Bank and Trust Company, as collateral agent, Alter Domus (US) LLC as collateral custodian and Bank of America, N.A., as sole lead arranger and sole book manager. The parties to the SPV Asset Facility III have entered into various amendments, including to increase the maximum principal amount available under the facility, extend the availability period and maturity date, change the interest rate, replace the collateral custodian and make various other changes. The following describes the terms of SPV Asset Facility III amended through May 22, 2025 (the "SPV Asset Facility III Third Amendment Date").

The maximum principal amount of the SPV Asset Facility III is $2.00 billion (increased from $1.80 billion to $2.00 billion on the six-month anniversary of the SPV Asset Facility III Third Amendment Date), which can be drawn in multiple currencies subject to certain conditions; the availability of this amount is subject to the borrowing base, which is determined on the basis of the value and types of Core Income Funding III's assets from time to time, and satisfaction of certain conditions, including certain portfolio criteria.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The SPV Asset Facility III provides for the ability to draw and redraw revolving loans under the SPV Asset Facility III for a period of up to three years after the SPV Asset Facility III Third Amendment Date unless the commitments are terminated sooner as provided in the SPV Asset Facility III (the "SPV Asset Facility III Commitment Termination Date"). Unless otherwise terminated, the SPV Asset Facility III will mature on May 22, 2030 (the "SPV Asset Facility III Stated Maturity"). To the extent the commitments are terminated or permanently reduced during the first year following the SPV Asset Facility III Third Amendment Date, Core Income Funding III may owe a prepayment penalty. Prior to the SPV Asset Facility III Stated Maturity, proceeds received by Core Income Funding III from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility III Stated Maturity, Core Income Funding III must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn in U.S. dollars are benchmarked to Daily SOFR, amounts drawn in British pounds are benchmarked to SONIA plus an adjustment of 0.12%, amounts drawn in Canadian dollars are benchmarked to CORRA plus an adjustment of 0.30%, and amounts drawn in Euros are benchmarked to EURIBOR, and in each case plus a spread equal to the Applicable Margin. As of the SPV Asset Facility III Third Amendment Date, the "SPV Asset Facility III Applicable Margin" ranges from 1.525% to 1.95% depending on the composition of the collateral. The SPV Asset Facility III also allows for amounts drawn in U.S. dollars to bear interest at an alternate base rate without a spread.

From the SPV Asset Facility III Closing Date to the SPV Asset Facility III Commitment Termination Date, there is a commitment fee, calculated on a daily basis, on the undrawn amount under the SPV Asset Facility III.

*SPV Asset Facility IV*

On March 16, 2022 (the "SPV Asset Facility IV Closing Date"), Core Income Funding IV LLC ("Core Income Funding IV"), a Delaware limited liability company, entered into a Credit Agreement (the "SPV Asset Facility IV"), with Core Income Funding IV, as Borrower, the lenders from time to time parties thereto (the "SPV Asset Facility IV Lenders"), Sumitomo Mitsui Banking Corporation, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC as Document Custodian. On February 28, 2025, the parties to the SPV Asset Facility IV entered into Amendment No. 1 in order to replace Alter Domus (US) as collateral custodian with State Street Bank and Trust Company and make various other changes. The following describes the terms of SPV Asset Facility IV amended through February 28, 2025 (the "SPV Asset Facility IV First Amendment Date").

The maximum principal amount of the SPV Asset Facility IV is $500.0 million; the availability of this amount is subject to an overcollateralization ratio test, which is based on the value of Core Income Funding IV's assets from time to time, and satisfaction of certain conditions, including an interest coverage ratio test, certain concentration limits and collateral quality tests.

The SPV Asset Facility IV provides for the ability to (1) draw term loans and (2) draw and redraw revolving loans under the SPV Asset Facility IV until March 16, 2027, unless the revolving commitments are terminated or converted to term loans sooner as provided in the SPV Asset Facility IV (the "SPV Asset Facility IV Commitment Termination Date"). Unless otherwise terminated, the SPV Asset Facility IV will mature on March 16, 2035 (the "SPV Asset Facility IV Stated Maturity"). Prior to the SPV Asset Facility IV Stated Maturity, proceeds received by Core Income Funding IV from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility IV Stated Maturity, Core Income Funding IV must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn bear interest at Term SOFR (or, in the case of certain SPV Asset Facility IV Lenders that are commercial paper conduits, the lower of their cost of funds and Term SOFR plus 0.15%) plus an applicable margin that ranges from 1.40% to 2.05% depending on a ratio of broadly syndicated loans to middle-market loans in the collateral. From the SPV Asset Facility IV Closing Date to the SPV Asset Facility IV Commitment Termination Date, there is a commitment fee payable at a rate of 0.50% per annum on the undrawn amount, if any, of the revolving commitments in the SPV Asset Facility IV during the commitment period.

*SPV Asset Facility V*

On March 9, 2023 (the "SPV Asset Facility V Closing Date"), Core Income Funding V LLC ("Core Income Funding V"), a Delaware limited liability company, entered into a loan and security agreement (the "SPV Asset Facility V"), with Core Income Funding V, as Borrower, the Company, as Servicer and Equityholder, the lenders from time to time parties thereto (the "SPV Asset Facility V Lenders"), Wells Fargo Bank, National Association, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, and Alter Domus (US) LLC as Collateral Custodian. The parties to the SPV Asset Facility V have entered into various amendments, including to increase the amount available under the facility, replace the Collateral Custodian and make various other changes. On April 29, 2025, the parties to the SPV Asset Facility V entered into the Third Amendment to Loan and Security Agreement. The following describes the terms of SPV Asset Facility V as amended through April 29 2025 (the "SPV Asset Facility V Third Amendment Date").

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The maximum principal amount of the SPV Asset Facility V is $750.0 million; the availability of this amount is subject to a borrowing base test, which is based on the value of Core Income Funding V's assets from time to time, and satisfaction of certain conditions, including certain concentration limits and other portfolio tests.

The SPV Asset Facility V provides for the ability to borrow, reborrow, repay and prepay advances under the SPV Asset Facility V until October 15, 2027 unless such period is extended or accelerated under the terms of the SPV Asset Facility V (the "SPV Asset Facility V Reinvestment Period"). Unless otherwise extended, accelerated or terminated under the terms of the SPV Asset Facility V, the SPV Asset Facility V will mature on October 16, 2029 (the "SPV Asset Facility V Maturity Date"). Prior to the SPV Asset Facility V Maturity Date, proceeds received by Core Income Funding V from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding advances, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility V Maturity Date, Core Income Funding V must pay in full all outstanding fees and expenses and all principal and interest on outstanding advances, and the excess may be returned to the Company.

Amounts drawn bear interest at Daily Simple SOFR plus a weighted average spread equal to 1.60% per annum for the portion of the assets constituting broadly syndicated loans and 2.05% for the portion of the assets not constituting broadly syndicated loans, which spread will increase by 2.00% per annum upon the occurrence and during the existence of an event of default or following the SPV Asset Facility V Termination Date (such spread, the "SPV Asset Facility V Applicable Spread"). Daily Simple SOFR may be replaced as a base rate under certain circumstances. During the SPV Asset Facility V Reinvestment Period, Core Income Funding V will pay an undrawn fee of 0.50% per annum on the undrawn amount, if any, of the revolving commitments in the SPV Asset Facility V that are not subject to the separate, higher fee described below. On and after the SPV Asset Facility V Third Amendment Date and during the SPV Asset Facility V Reinvestment Period, if the undrawn commitments are in excess of a certain portion (initially 40% and decreasing to 32.5%) of the total commitments under the SPV Asset Facility V, such portion will not be subject to the undrawn fee described above, but Core Income Funding V will pay a separate fee on this portion of the undrawn commitments equal to 1.25% multiplied by such excess undrawn commitment amount over 40% or 32.5% of the total commitments, as applicable.

*SPV Asset Facility VI* 

On August 29, 2023 (the "SPV Asset Facility VI Closing Date"), Core Income Funding VI LLC ("Core Income Funding VI"), a Delaware limited liability company, entered into a Credit Agreement (the "SPV Asset Facility VI"), with Core Income Funding VI LLC, as Borrower, the lenders from time to time parties thereto (the "SPV Asset Facility VI Lenders"), The Bank of Nova Scotia, as Administrative Agent, State Street Bank and Trust Company as Collateral Agent, Collateral Custodian and Document Custodian. The parties to the SPV Asset Facility VI have entered into various amendments, including to assign the term commitment under the SPV Asset Facility VI and all of the outstanding term loans, replace the collateral custodian and make various other changes. On October 10, 2025, the parties to SPV Asset Facility VI entered into Amendment No. 3 to SPV Asset Facility VI. The following describes the terms of SPV Asset Facility VI as amended through October 10, 2025 (the "SPV Asset Facility VI Fourth Amendment Date").

The maximum principal amount of the SPV Asset Facility VI is $1.35 billion; the availability of this amount is subject to an overcollateralization ratio test, which is based on the value of Core Income Funding VI's assets from time to time, and satisfaction of certain conditions, including an interest coverage ratio test, certain concentration limits and collateral quality tests.

The SPV Asset Facility VI provides for the ability to draw and redraw revolving loans under the SPV Asset Facility VI for a period after the SPV Asset Facility VI Fourth Amendment Date until April 10, 2028 unless the revolving commitments are terminated sooner as provided in the SPV Asset Facility VI (the "SPV Asset Facility VI Commitment Termination Date"). Unless otherwise terminated, the SPV Asset Facility VI will mature on April 10, 2035 (the "SPV Asset Facility VI Stated Maturity"). Prior to the SPV Asset Facility VI Stated Maturity, proceeds received by Core Income Funding VI from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility VI Stated Maturity, Core Income Funding VI must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn bear interest at Term SOFR plus an applicable margin that ranges from 1.50% to 1.90% depending on a ratio of broadly syndicated loans to middle-market loans in the collateral during the SPV Asset Facility VI Reinvestment Period. From the SPV Asset Facility VI Closing Date to the SPV Asset Facility VI Commitment Termination Date, there is a commitment fee that steps up during the year after the SPV Asset Facility VI Closing Date from 0.00% to 0.55% per annum on the undrawn amount, if any, of the revolving commitments in the SPV Asset Facility VI.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

*SPV Asset Facility VII*

On May 21, 2024 (the "SPV Asset Facility VII Closing Date"), Core Income Funding VII LLC ("Core Income Funding VII"), a Delaware limited liability company, entered into a Credit Agreement (the "SPV Asset Facility VII"), with Core Income Funding VII LLC, as Borrower, the lenders from time to time parties thereto (the "SPV Asset Facility VII Lenders"), Citibank, N.A., as Administrative Agent, State Street Bank and Trust Company as Custodian, Collateral Agent and Collateral Administrator. The following describes the terms of SPV Asset Facility VII as amended through October 18, 2024 (the "SPV Asset Facility VII First Amendment Date").

The maximum principal amount of the SPV Asset Facility VII is $500.0 million (increased from $300.0 million to $500.0 million on the SPV Asset Facility VII First Amendment Date"), which can be drawn in multiple currencies subject to certain conditions; the availability of this amount is subject to a borrowing base test (which is based on the value of Core Income Funding VII's assets from time to time, an advance rate and concentration limitations) and satisfaction of certain conditions, including collateral quality tests.

The SPV Asset Facility VII provides for the ability to draw and redraw revolving loans under the SPV Asset Facility VII for a period of until May 21, 2027 (the "SPV Asset Facility VII Reinvestment Period") unless the SPV Asset Facility VII Reinvestment Period is terminated sooner as provided in the SPV Asset Facility VII. Unless otherwise terminated, the SPV Asset Facility VII will mature two years after the last day of the SPV Asset Facility VII Reinvestment Period on May 21, 2029 (the "SPV Asset Facility VII Stated Maturity"). To the extent the commitments are terminated or permanently reduced during the first two years following the SPV Asset Facility VII Closing Date, Core Income Funding VII may owe a prepayment penalty. Prior to the SPV Asset Facility VII Stated Maturity, proceeds received by Core Income Funding VII from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility VII Stated Maturity, Core Income Funding VII must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn in U.S. dollars are benchmarked to Term SOFR, amounts drawn in British pounds are benchmarked to SONIA, amounts drawn amounts drawn in Canadian dollars are benchmarked to Daily Compounded CORRA, and amounts drawn in Euros are benchmarked to EURIBOR, and in each case plus a spread equal to the Applicable Margin. The "Applicable Margin" ranges from 1.60% to 2.10%, depending on the type of asset being funded by such draw and the utilization level of the SPV Asset Facility VII. Core Income Funding VII also paid Citibank an upfront fee and will reimburse certain expenses in connection with Citibank's role as Administrative Agent. From the SPV Asset Facility VII Closing Date until the end of SPV Asset Facility VII Reinvestment Period, there is a commitment fee that steps up from the date that is nine months after the SPV Asset Facility VII Closing Date from 0.25% to up to 1.50% per annum, depending on the undrawn amount, if any, of the commitments in the SPV Asset Facility VII.

*SPV Asset Facility VIII*

On December 17, 2024 (the "SPV Asset Facility VIII Closing Date"), Core Income Funding VIII LLC ("Core Income Funding VIII"), a Delaware limited liability company, entered into a Credit Agreement (the "SPV Asset Facility VIII"), with Core Income Funding VIII LLC, as Borrower, the lenders from time to time parties thereto (the "SPV Asset Facility VIII Lenders"), Natixis, New York Branch, as Facility Agent, and State Street Bank and Trust Company as Collateral Agent, Collateral Administrator, Custodian and Document Custodian. On May 15, 2025, the parties to the SPV Asset Facility VIII entered into an amendment in order to, among other things, increase the size of the facility and add additional classes of loans. The following describes the terms of SPV Asset Facility VIII as most recently amended on May 15, 2025.

The maximum principal amount of the SPV Asset Facility VIII is $1.00 billion; the availability of this amount is subject to an overcollateralization ratio test, which is based on the value of Core Income Funding VIII's assets from time to time, and satisfaction of certain conditions, including an interest coverage ratio test, certain concentration limits and collateral quality tests.

The SPV Asset Facility VIII provides for the ability to (1) draw term loans and (2) draw and redraw revolving loans under the SPV Asset Facility VIII for a period of up to three years after the SPV Asset Facility VIII Closing Date unless the revolving commitments are terminated or converted to term loans sooner as provided in the SPV Asset Facility VIII (the "SPV Asset Facility VIII Commitment Termination Date"). Unless otherwise terminated, the SPV Asset Facility VIII will mature on December 17, 2035 (the "SPV Asset Facility VIII Stated Maturity"). Prior to the SPV Asset Facility VIII Stated Maturity, proceeds received by Core Income Funding VIII from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility VIII Stated Maturity, Core Income Funding VIII must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn bear interest at Term SOFR (or, in the case of certain lenders that are commercial paper conduits, their cost of funds) plus an applicable margin of (i) with respect to the Class A-R Loans and the Class A-T Loans, 1.75%, (ii) with respect to the Class A-D1 Loans, 1.65%, (iii) with respect to the Class A-D2 Loans, 1.93%, (iv) with respect to the Class A-D3 Loans, 1.78% and (v) with respect to the Class A-D4 Loans, 2.06%. From the SPV Asset Facility VIII Closing Date to the SPV Asset Facility VIII

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

Commitment Termination Date, there is a commitment fee that steps up on the date that is three months after the SPV Asset Facility VIII Closing Date from 0.25% to 0.50% per annum on the undrawn amount, if any, of the revolving commitments in the SPV Asset Facility VIII.

*SPV Asset Facility IX*

On August 12, 2025 (the "SPV Asset Facility IX Closing Date"), Core Income Funding IX LLC ("Core Income Funding IX"), a Delaware limited liability company, entered into a Revolving Credit and Security Agreement (the "SPV Asset Facility IX"), with Core Income Funding IX, as borrower, BNP Paribas, as administrative agent, State Street Bank and Trust Company, as collateral agent, and the lenders party thereto.

The maximum principal amount of SPV Asset Facility IX is $300.0 million; the availability of this amount is subject to a borrowing base test, which is based on the value of Core Income Funding IX's assets from time to time, and satisfaction of certain conditions, including an overcollateralization test, coverage tests, collateral quality tests, and certain concentration limits.

The SPV Asset Facility IX provides for the ability to draw and redraw revolving loans under the SPV Asset Facility IX for a period of up to 3 years after the SPV Asset Facility IX Closing Date. Unless otherwise terminated, the SPV Asset Facility IX will mature on August 12, 2030 (the "SPV Asset Facility IX Stated Maturity"). Prior to the SPV Asset Facility IX Stated Maturity, proceeds received by Core Income Funding IX from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company or reinvested to purchase new assets, subject to certain conditions. On the SPV Asset Facility IX Stated Maturity, Core Income Funding IX must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn bear interest at a reference rate (initially SOFR) plus an applicable margin equal to 1.95% per annum. The undrawn amount of the aggregate revolving commitment not subject to such spread payment is subject to an undrawn fee of, after the first three months after the SPV Asset Facility IX Closing Date, a range of 0.50% per annum to 1.50% per annum based on the undrawn amount. SPV Asset Facility IX is subject to a prepayment fee for the first two years after the SPV Asset Facility IX Closing Date.

*SPV Asset Facility X*

On December 31, 2025 (the "SPV Asset Facility X Closing Date"), Core Income Funding X LLC ("Core Income Funding X"), a Delaware limited liability company, entered into a Revolving Credit and Security Agreement (the "SPV Asset Facility X"), with Core Income Funding X, as borrower, Société Générale, as administrative agent and swingline lender, State Street Bank and Trust Company, as collateral agent, collateral administrator, custodian and document custodian, and the lenders party thereto.

The maximum principal amount of SPV Asset Facility X is $750.0 million; the availability of this amount is subject to a borrowing base test, which is based on the value of Core Income Funding X's assets from time to time, and satisfaction of certain conditions, including an overcollateralization test, coverage tests, collateral quality tests, and certain concentration limits.

The SPV Asset Facility X provides for the ability to draw term loans and to draw and redraw revolving loans under the SPV Asset Facility X for a period of up to 3 years after the SPV Asset Facility X Closing Date. Unless otherwise terminated, the SPV Asset Facility X will mature on December 31, 2035 (the "SPV Asset Facility X Stated Maturity"). Prior to the SPV Asset Facility X Stated Maturity, proceeds received by Core Income Funding X from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company or reinvested to purchase new assets, subject to certain conditions. On the SPV Asset Facility X Stated Maturity, Core Income Funding X must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn bear interest at a reference rate (initially SOFR) plus an applicable margin equal to 1.75% per annum. The undrawn amount of the aggregate term commitment and revolving commitment not subject to such spread payment is subject to an undrawn fee of, after the SPV Asset Facility X Closing Date, 0.50% per annum; provided that after the nine-month anniversary of the SPV Asset Facility X Closing Date, if the drawn amount is less than 50.0% of the aggregate term commitment and revolving commitment, then the portion of the undrawn amount constituting the positive difference between the drawn amount and 50.0% of the aggregate term commitment and revolving commitment is subject to an undrawn fee of 1.00% per annum.

*SPV Asset Facility XI*

On March 5, 2026 (the "SPV Asset Facility XI Closing Date"), Core Income Funding XI LLC ("Core Income Funding XI"), a Delaware limited liability company and newly formed subsidiary of the Company, entered into a Credit Agreement (the "SPV Asset Facility XI"), with Core Income Funding XI, as borrower, the Adviser, as servicer, the lenders from time to time parties thereto, Bank

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

of America, N.A., as administrative agent, The Bank of New York Mellon Trust Company, National Association, as collateral agent and as collateral custodian and Bank of America, N.A., as sole lead arranger and sole book manager.

The maximum principal amount of SPV Asset Facility XI is $500.0 million; the availability of this amount is subject to the borrowing base, which is determined on the basis of the value and types of Core Income Funding XI's assets from time to time, and satisfaction of certain conditions, including certain portfolio criteria.

The SPV Asset Facility XI provides for the ability to draw and redraw revolving loans under the SPV Asset Facility XI for a period of up to two years after the SPV Asset Facility XI Closing Date unless the commitments are terminated sooner as provided in the SPV Asset Facility XI (the "SPV Asset Facility XI Commitment Termination Date"). Unless otherwise terminated, the SPV Asset Facility XI will mature on March 5, 2029 (the "SPV Asset Facility XI Stated Maturity"). Prior to the SPV Asset Facility XI Stated Maturity, proceeds received by Core Income Funding XI from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility XI Stated Maturity, Core Income Funding XI must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn in U.S. dollars are benchmarked to Term SOFR or Daily SOFR (depending on the timing of the borrowing), plus a spread equal to 1.35%. The SPV Asset Facility XI also allows for amounts drawn in U.S. dollars to bear interest at an alternate base rate without a spread. From the SPV Asset Facility XI Closing Date to the SPV Asset Facility XI Commitment Termination Date, there is a commitment fee, calculated on a daily basis, ranging from 0.45% to 1.10% on the undrawn amount under the SPV Asset Facility XI.

***Debt Securitization Transactions***

The Company incurs secured financing through debt securitization transactions (also known as collateralized loan obligation transactions) (the "CLO Transactions") issued by the Company's consolidated subsidiaries (the "CLO Issuers"), which are backed by a portfolio of collateral obligations consisting of middle-market loans and participation interests in middle-market loans as well as by other assets of the CLO Issuers. The CLO Issuers issue preferred shares which are not secured by the collateral securing the CLO Transactions which the Company purchases. The Company acts as retention holder in connection with the CLO Transactions for the purposes of satisfying certain U.S. and European Union regulations requiring sponsors of securitization transactions to retain exposure to the performance of the securitized assets and as such is required to retain a portion of a CLO Issuer's preferred shares. Notes issued by CLO Issuers have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities (e.g., "blue sky") laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or pursuant to an applicable exemption from such registration. The Adviser serves as collateral manager for the CLO Issuers under a collateral management agreement. The Adviser is entitled to receive fees for providing these services. The Adviser routinely waives its right to receive such fees but may rescind such waiver at any time; provided, however, that if the Adviser rescinds such waiver, the management fee payable to Adviser pursuant to the Investment Advisory Agreement will be offset by the amount of the collateral management fee attributable to a CLO Issuer's equity or notes owned by the Company. Assets pledged to debt holders of the CLO Transactions and the other secured parties under each CLO Transaction's documentation will not be available to pay the debts of the Company. The Company consolidates the financial statements of the CLO Issuers in its consolidated financing statements.

*CLO VIII*

On October 21, 2022 (the "CLO VIII Closing Date"), the Company completed a $391.7 million term debt securitization transaction (the "CLO VIII Transaction"). The secured notes and preferred shares issued in the CLO VIII Transaction and the secured loan borrowed in the CLO VIII Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO VIII, LLC, a limited liability company organized under the laws of the State of Delaware (the "CLO VIII Issuer").

The CLO VIII Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the CLO VIII Closing Date (the "CLO VIII Indenture"), by and among the CLO VIII Issuer and State Street Bank and Trust Company: (i) $152.0 million of AAA(sf) Class A-T Notes, which bear interest at three-month term SOFR plus 2.50%, (ii) $46.0 million of AAA(sf) Class A-F Notes, which bear interest at 6.02%, (iii) $32.0 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 3.50% and (iv) $30.0 million of A(sf) Class C Notes, which bear interest at 4.90% (together, the "CLO VIII Secured Notes") and (B) the borrowing by the CLO VIII Issuer of $30.0 million under floating rate Class A-L loans (the "Class A-L Loans" and together with the CLO VIII Secured Notes, the "CLO VIII Debt"). The Class A-L Loans bear interest at three-month term SOFR plus 2.50%. The Class A-L Loans were borrowed under a loan agreement (the "A-L Loan Agreement"), dated as of the CLO VIII Closing Date, by and among the CLO VIII Issuer, as borrower, various financial institutions, as lenders, and State Street Bank and Trust Company, as collateral trustee and loan agent. The CLO VIII Debt is secured by middle-market loans, participation interests in middle-market loans and other assets of the CLO VIII Issuer. The CLO VIII Debt is scheduled to mature on the Payment Date (as defined in the CLO VIII Indenture) in November, 2034. The CLO VIII Secured Notes were privately placed by Natixis Securities Americas LLC as placement agent.

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

Concurrently with the issuance of the CLO VIII Secured Notes and the borrowing under the Class A-L Loans, the CLO VIII Issuer issued approximately $101.7 million of subordinated securities in the form of 101,675 preferred shares at an issue price of one thousand U.S. dollars per share (the "CLO VIII Preferred Shares").

As part of the CLO VIII Transaction, the Company entered into a loan sale agreement with the CLO VIII Issuer dated as of the CLO VIII Closing Date, which provided for the sale and contribution of approximately $143.1 million funded par amount of middle-market loans from the Company to the CLO VIII Issuer on the CLO VIII Closing Date and for future sales from the Company to the CLO VIII Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO VIII Debt. The remainder of the initial portfolio assets securing the CLO VIII Debt consisted of approximately $113.0 million funded par amount of middle-market loans purchased by the CLO VIII Issuer from Core Income Funding I LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the CLO VIII Closing Date between the CLO VIII Issuer and Core Income Funding I LLC. No gain or loss was recognized as a result of these sales and contributions. The Company and Core Income Funding I LLC each made customary representations, warranties, and covenants to the CLO VIII Issuer under the applicable loan sale agreement.

Through November 20, 2026, a portion of the proceeds received by the CLO VIII Issuer from the loans securing the CLO VIII Debt may be used by the CLO VIII Issuer to purchase additional middle-market loans under the direction of the Adviser in its capacity as collateral manager for the CLO VIII Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle-market loans.

The CLO VIII Debt is the secured obligation of the CLO VIII Issuer, and the CLO VIII Indenture, the A-L Loan Agreement each include customary covenants and events of default.

*CLO VIII Refinancing*

On April 24, 2025 (the "CLO VIII Refinancing Date"), the Company completed a $500.7 million term debt securitization refinancing (the "CLO VIII Refinancing"). The secured notes and preferred shares issued in the CLO VIII Refinancing were issued by the CLO VIII Issuer, as issuer (the "CLO VIII Refinancing Issuer").

The CLO VIII Refinancing was executed by (A) the issuance of the following classes of notes pursuant to an indenture and security agreement dated as of October 21, 2022 (the "Original CLO VIII Closing Date"), by and between the CLO VIII Refinancing Issuer and State Street Bank and Trust Company, as amended and supplemented by the first supplemental indenture dated as of the CLO VIII Refinancing Date (the "CLO VIII Refinancing Indenture"), by and between the CLO VIII Refinancing Issuer and State Street Bank and Trust Company: (i) $275.0 million of AAA(sf) Class A-1R Notes, which bear interest at the Benchmark plus 1.49%, (ii) $30.0 million of AAA(sf) Class A-2R Notes, which bear interest at the Benchmark plus 1.80%, (iii) $35.0 million of AA(sf) Class B-R Notes, which bear interest at the Benchmark plus 1.90% and (iv) $35.0 million of A(sf) Class C-R Notes, which bear interest at the Benchmark plus 2.40% (together, the "CLO VIII Refinancing Secured Notes"). The CLO VIII Refinancing Secured Notes are secured by middle market loans, participation interests in middle market loans and other assets of the CLO VIII Refinancing Issuer. The CLO VIII Refinancing Secured Notes are scheduled to mature on the Payment Date in April 2037. The CLO VIII Refinancing Secured Notes were privately placed by Natixis Securities Americas LLC, as Placement Agent. The proceeds from the CLO VIII Refinancing were used to redeem in full the classes of notes issued on the Original CLO VIII Closing Date, to repay the loans incurred on the Original CLO VIII Closing Date, to pay expenses incurred in connection with the CLO VIII Refinancing and to purchase additional assets from the Company.

Concurrently with the issuance of the CLO VIII Refinancing Secured Notes, the CLO VIII Refinancing Issuer issued $24.0 million of additional subordinated securities in the form of 24,000 of its preferred shares (the "CLO VIII Refinancing Additional Preferred Shares"). The CLO VIII Refinancing Additional Preferred Shares were issued by the CLO VIII Refinancing Issuer as part of its issued share capital and are not secured by the collateral securing the CLO VIII Refinancing Secured Notes. The Company purchased all of the CLO VIII Refinancing Additional Preferred Shares issued on the CLO VIII Refinancing Date. On the Original CLO VIII Closing Date, the CLO VIII Refinancing Issuer issued $101.7 million of subordinated interests in the form of 101,675 of its preferred shares which the Company purchased and continues to hold. The total amount of outstanding preferred shares as of the Refinancing Date is 125,675.

On the Original CLO VIII Closing Date, the CLO VIII Refinancing Issuer entered into a loan sale agreement with the Company, which provided for the sale and contribution of approximately $143.0 million par amount of middle market loans from the Company to the CLO VIII Refinancing Issuer on the Original CLO VIII Closing Date and for future sales from the Company to the CLO VIII Refinancing Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO VIII Secured Notes. As part of the CLO VIII Refinancing, the CLO VIII Refinancing Issuer and the Company entered into an amended and restated loan sale agreement dated as of the CLO VIII Refinancing Date (the "BOCIC CLO VIII Loan Sale Agreement"), which provides for the sale and contribution of approximately $192.3 million par amount of middle market loans from the Company to the CLO VIII Refinancing Issuer on the CLO VIII Refinancing Date and for future sales from the Company to the CLO VIII Refinancing Issuer on an ongoing basis. Such loans constituted part of the portfolio of assets securing the CLO VIII Refinancing Secured Notes. The

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

Company made customary representations, warranties, and covenants to the CLO VIII Refinancing Issuer under the applicable loan sale agreement.

Through April 24, 2029, a portion of the proceeds received by the CLO VIII Refinancing Issuer from the loans securing the CLO VIII Refinancing Secured Notes may be used by the CLO VIII Refinancing Issuer to purchase additional middle market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO VIII Refinancing Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle market loans.

The CLO VIII Refinancing Secured Notes are the secured obligation of the CLO VIII Refinancing Issuer, and the CLO VIII Refinancing Indenture includes customary covenants and events of default.

*CLO XI*

On May 24, 2023 (the "CLO XI Closing Date"), the Company completed a $395.8 million term debt securitization transaction (the "CLO XI Transaction"). The secured notes and preferred shares issued in the CLO XI Transaction and the secured loan borrowed in the CLO XI Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO XI, LLC, a limited liability company organized under the laws of the State of Delaware (the "CLO XI Issuer").

The CLO XI Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the CLO XI Closing Date (the "CLO XI Indenture"), by and among the CLO XI Issuer and State Street Bank and Trust Company: (i) $152.5 million of AAA(sf) Class A-1T Notes, which bear interest at three-month term SOFR plus 2.50%, (ii) $25.5 million of AAA(sf) Class A-1F Notes, which bear interest at 6.10% and (iii) $32.0 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 3.60% (together, the "CLO XI Secured Notes") and (B) the borrowing by the Issuer of $50.0 million under floating rate Class A-1L loans (the "CLO XI Class A-1L Loans" and together with the CLO XI Secured Notes, the "CLO XI Debt"). The CLO XI Class A-1L Loans bear interest at three-month term SOFR plus 2.50%. The CLO XI Class A-1L Loans were borrowed under a loan agreement (the "CLO XI A-1L Loan Agreement"), dated as of the CLO XI Closing Date, by and among the CLO XI Issuer, as borrower, various financial institutions, as lenders, and State Street Bank and Trust Company, as collateral trustee and loan agent. The CLO XI Debt is secured by middle-market loans, participation interests in middle-market loans and other assets of the Issuer. The CLO XI Debt is scheduled to mature on the Payment Date (as defined in the CLO XI Indenture) in May, 2035. The CLO XI Secured Notes were privately placed by SMBC Nikko Securities America, Inc. as Initial Purchaser.

Concurrently with the issuance of the CLO XI Secured Notes and the borrowing under the CLO XI Class A-1L Loans, the CLO XI Issuer issued approximately $135.8 million of subordinated securities in the form of 135,820 preferred shares at an issue price of one thousand U.S. dollars per share (the "CLO XI Preferred Shares").

As part of the CLO XI Transaction, the Company entered into a loan sale agreement with the CLO XI Issuer dated as of the CLO XI Closing Date, which provided for the contribution of approximately $96.4 million funded par amount of middle-market loans from the Company to the CLO XI Issuer on the CLO XI Closing Date and for future sales from the Company to the CLO XI Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO XI Debt. The remainder of the initial portfolio assets securing the CLO XI Debt consisted of approximately $260.6 million funded par amount of middle-market loans purchased by the CLO XI Issuer from Core Income Funding IV LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the CLO XI Closing Date between the CLO XI Issuer and Core Income Funding IV LLC (the "Core Income Funding IV Loan Sale Agreement"). No gain or loss was recognized as a result of these sales and contributions. The Company and Core Income Funding IV LLC each made customary representations, warranties, and covenants to the CLO XI Issuer under the applicable loan sale agreement.

Through May 15, 2027, a portion of the proceeds received by the CLO XI Issuer from the loans securing the CLO XI Debt may be used by the CLO XI Issuer to purchase additional middle-market loans under the direction of Blue Owl Credit Advisors LLC ("OCA"), the Company's investment advisor, in its capacity as collateral manager for the CLO XI Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle-market loans.

The CLO XI Debt is the secured obligation of the CLO XI Issuer, and the CLO XI Indenture and CLO XI A-1L Loan Agreement each include customary covenants and events of default.

*CLO XII*

On July 18, 2023 (the "CLO XII Closing Date"), the Company completed a $396.5 million term debt securitization transaction (the "CLO XII Transaction"). The secured notes and preferred shares issued in the CLO XII Transaction and the secured loan borrowed in the CLO XII Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO XII, LLC, a limited liability company organized under the laws of the State of Delaware (the "CLO XII Issuer").

The CLO XII Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the CLO XII Closing Date (the "CLO XII Indenture"), by and among the CLO XII Issuer

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

and State Street Bank and Trust Company: (i) $90.0 million of AAA(sf) Class A-1A Notes, which bore interest at three-month term SOFR plus 2.55%, (ii) $22.0 million of AAA(sf) Class A-1B Notes, which bore interest at 6.37%, (iii) $8.0 million of AAA(sf) Class A-2 Notes, which bore interest at three-month term SOFR plus 3.10% and (iv) $24.0 million of AA(sf) Class B Notes, which bore interest at three-month term SOFR plus 3.55% (together, the "CLO XII Secured Notes") and (B) the borrowing by the CLO XII Issuer of $116.0 million under floating rate Class A-1L loans (the "CLO XII Class A-1L Loans" and together with the CLO XII Secured Notes, the "CLO XII Debt"). The CLO XII Class A-1L Loans bore interest at three-month term SOFR plus 2.55%. The CLO XII Class A-1L Loans were borrowed under a credit agreement (the "CLO XII Class A-1L Credit Agreement"), dated as of the CLO XII Closing Date, by and among the CLO XII Issuer, as borrower, various financial institutions, as lenders, and State Street Bank and Trust Company, as collateral trustee and loan agent. The CLO XII Debt was secured by middle-market loans, participation interests in middle-market loans and other assets of the CLO XII Issuer. The CLO XII Secured Notes were privately placed by BofA Securities, Inc. as Initial Purchaser.

On August 8, 2025, the CLO XII Issuer redeemed and paid in full the CLO XII Debt, plus accrued and unpaid interest thereon though, August 8, 2025.

Concurrently with the issuance of the CLO XII Secured Notes and the borrowing under the CLO XII Class A-1L Loans, the CLO XII Issuer issued approximately $136.5 million of subordinated securities in the form of 136,500 preferred shares at an issue price of one thousand U.S. dollars per share (the "CLO XII Preferred Shares").

As part of the CLO XII Transaction, the Company entered into a loan sale agreement with the CLO XII Issuer dated as of the CLO XII Closing Date (the "CLO XII OCIC Loan Sale Agreement"), which provided for the contribution of approximately $78.0 million funded par amount of middle-market loans from the Company to the CLO XII Issuer on the CLO XII Closing Date and for future sales from the Company to the CLO XII Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO XII Debt. The remainder of the initial portfolio assets securing the CLO XII Debt consisted of approximately $295.7 million funded par amount of middle-market loans purchased by the CLO XII Issuer from Core Income Funding III LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the CLO XII Closing Date between the CLO XII Issuer and Core Income Funding III LLC (the "CLO XII Core Income Funding III Loan Sale Agreement"). No gain or loss was recognized as a result of these sales and contributions. The Company and Core Income Funding III LLC each made customary representations, warranties, and covenants to the CLO XII Issuer under the applicable loan sale agreement.

Through July 20, 2026, a portion of the proceeds received by the CLO XII Issuer from the loans securing the CLO XII Debt could be used by the CLO XII Issuer to purchase additional middle-market loans under the direction of the Adviser in its capacity as collateral manager for the CLO XII Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle-market loans.

The CLO XII Debt was the secured obligation of the CLO XII Issuer, and the CLO XII Indenture and CLO XII Class A-1L Credit Agreement each include customary covenants and events of default.

*CLO XV*

On January 30, 2024 (the "CLO XV Closing Date"), the Company completed a $478.0 million term debt securitization transaction (the "CLO XV Transaction"). The secured notes and preferred shares issued in the CLO XV Transaction and the secured loan borrowed in the CLO XV Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO XV, LLC, a limited liability company organized under the laws of the State of Delaware (the "CLO XV Issuer").

The CLO XV Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the CLO XV Closing Date (the "CLO XV Indenture"), by and among the CLO XV Issuer and State Street Bank and Trust Company: (i) $273.6 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 2.30%, (ii) $38.4 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 3.20% (together, the "CLO XV Secured Notes"). The CLO XV Secured Notes are secured by middle-market loans, participation interests in middle-market loans and other assets of the CLO XV Issuer. The CLO XV Secured Notes are scheduled to mature on the Payment Date (as defined in the CLO XV Indenture) in January, 2036. The CLO XV Secured Notes were privately placed by Natixis Securities Americas LLC as placement agent.

Concurrently with the issuance of the CLO XV Secured Notes, the CLO XV Issuer issued approximately $166.0 million of subordinated securities in the form of 165,980 preferred shares at an issue price of one thousand U.S. dollars per share (the "CLO XV Preferred Shares").

As part of the CLO XV Transaction, the Company entered into a loan sale agreement with the CLO XV Issuer dated as of the CLO XV Closing Date (the "CLO XV OCIC Loan Sale Agreement"), which provided for the contribution of approximately $115.4 million funded par amount of middle-market loans from the Company to the CLO XV Issuer on the CLO XV Closing Date and for future sales from the Company to the CLO XV Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO XV Secured Notes. The remainder of the initial portfolio assets securing the CLO XV Secured Notes

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

consisted of approximately $329.7 million funded par amount of middle-market loans purchased by the CLO XV Issuer from Core Income Funding I LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the CLO XV Closing Date between the CLO XV Issuer and Core Income Funding I LLC (the "CLO XV Core Income Funding I Loan Sale Agreement"). No gain or loss was recognized as a result of these sales and contributions. The Company and Core Income Funding I LLC each made customary representations, warranties, and covenants to the CLO XV Issuer under the applicable loan sale agreement.

Through January 20, 2028, a portion of the proceeds received by the CLO XV Issuer from the loans securing the CLO XV Secured Notes may be used by the CLO XV Issuer to purchase additional middle-market loans under the direction of the Adviser in its capacity as collateral manager for the CLO XV Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle-market loans.

The CLO XV Secured Notes are the secured obligation of the CLO XV Issuer, and the CLO XV Indenture each include customary covenants and events of default.

*CLO XVI*

On March 7, 2024 (the "CLO XVI Closing Date"), the Company completed a $597.0 million term debt securitization transaction (the "CLO XVI Transaction"). The secured notes and preferred shares issued in the CLO XVI Transaction and the secured loan borrowed in the CLO XVI Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO XVI, LLC, a limited liability company organized under the laws of the State of Delaware (the "CLO XVI Issuer").

The CLO XVI Transaction was executed by the issuance of the following classes of notes and preferred shares pursuant to an indenture dated as of the CLO XVI Closing Date (the "CLO XVI Indenture"), by and among the CLO XVI Issuer and State Street Bank and Trust Company: (i) $342.0 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 2.00%, (ii) $48.0 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 2.50% and (iii) $30.0 million of A(sf) Class C Notes, which bear interest at three-month term SOFR plus 3.30% (together, the "CLO XVI Secured Notes"). The CLO XVI Secured Notes are secured by middle-market loans, participation interests in middle-market loans and other assets of the CLO XVI Issuer. The CLO XVI Secured Notes are scheduled to mature on the Payment Date (as defined in the CLO XVI Indenture) in April, 2036. The CLO XVI Secured Notes were privately placed by Deutsche Bank Securities Inc. as Initial Purchaser.

Concurrently with the issuance of the CLO XVI Secured Notes, the CLO XVI Issuer issued approximately $177.0 million of subordinated securities in the form of 177,000 preferred shares at an issue price of one thousand U.S. dollars per share (the "CLO XVI Preferred Shares").

As part of the CLO XVI Transaction, the Company entered into a loan sale agreement with the CLO XVI Issuer dated as of the CLO XVI Closing Date (the "OCIC CLO XVI Loan Sale Agreement"), which provided for the contribution of approximately $206.6 million funded par amount of middle-market loans from the Company to the CLO XVI Issuer on the CLO XVI Closing Date and for future sales from the Company to the CLO XVI Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO XVI Secured Notes. The remainder of the initial portfolio assets securing the CLO XVI Secured Notes consisted of approximately $356.5 million funded par amount of middle-market loans purchased by the CLO XVI Issuer from Core Income Funding II LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the CLO XVI Closing Date between the CLO XVI Issuer and Core Income Funding II LLC (the "CLO XVI Core Income Funding II Loan Sale Agreement"). The Company and Core Income Funding II LLC each made customary representations, warranties, and covenants to the CLO XVI Issuer under the applicable loan sale agreement. No gain or loss was recognized as a result of these sales and contributions.

Through April 20, 2028, a portion of the proceeds received by the CLO XVI Issuer from the loans securing the CLO XVI Secured Notes may be used by the CLO XVI Issuer to purchase additional middle-market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO XVI Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle-market loans.

The CLO XVI Secured Notes are the secured obligation of the CLO XVI Issuer, and the CLO XVI Indenture includes customary covenants and events of default.

*CLO XVII*

On July 18, 2024 (the "CLO XVII Closing Date"), the Company completed a $500.6 million term debt securitization transaction (the "CLO XVII Transaction"). The secured notes and preferred shares issued in the CLO XVII Transaction and the secured loan borrowed in the CLO XVII Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO XVII, LLC, a limited liability company organized under the laws of the State of Delaware (the "CLO XVII Issuer").

The CLO XVII Transaction was executed by the issuance of the following classes of notes and preferred shares pursuant to an indenture dated as of the CLO XVII Closing Date (the "CLO XVII Indenture"), by and among the CLO XVII Issuer and State Street Bank and Trust Company: (i) $275.0 million of AAA(sf) Class A-1 Notes, which bear interest at three-month term SOFR plus 1.68%, (ii) $25.0 million of AAA(sf) Class A-2 Notes, which bear interest at three-month term SOFR plus 1.85% and (iii) $25.0 million of

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 1.95% (together, the "CLO XVII Secured Notes"). The CLO XVII Secured Notes are secured by middle-market loans, participation interests in middle-market loans and other assets of the CLO XVII Issuer. The CLO XVII Secured Notes are scheduled to mature on the Payment Date (as defined in the CLO XVII Indenture) in July 2036. The CLO XVII Secured Notes were privately placed by Natixis Securities Americas LLC, as Placement Agent.

Concurrently with the issuance of the CLO XVII Secured Notes, the CLO XVII Issuer issued approximately $175.6 million of subordinated securities in the form of 177,590 preferred shares at an issue price of one thousand U.S. dollars per share (the "CLO XVII Preferred Shares").

As part of the CLO XVII Transaction, the Company entered into a loan sale agreement with the CLO XVII Issuer dated as of the CLO XVII Closing Date (the "CLO XVII OCIC Loan Sale Agreement"), which provided for the contribution of approximately $463.2 million funded par amount of middle-market loans from the Company to the CLO XVII Issuer on the CLO XVII Closing Date and for future sales from the Company to the CLO XVII Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO XVII Secured Notes. The remainder of the initial portfolio assets securing the CLO XVII Secured Notes consisted of approximately $12.0 million funded par amount of middle-market loans purchased by the CLO XVII Issuer from Core Income Funding I LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the CLO XVII Closing Date between the CLO XVII Issuer and Core Income Funding I LLC (the "CLO XVII Core Income Funding I Loan Sale Agreement"). The Company and Core Income Funding I LLC each made customary representations, warranties, and covenants to the CLO XVII Issuer under the applicable loan sale agreement. No gain or loss was recognized as a result of these sales and contributions.

Through the Payment Date in July 2028, a portion of the proceeds received by the CLO XVII Issuer from the loans securing the CLO XVII Secured Notes may be used by the CLO XVII Issuer to purchase additional middle-market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO XVII Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle-market loans.

The CLO XVII Secured Notes are the secured obligation of the CLO XVII Issuer, and the CLO XVII Indenture includes customary covenants and events of default.

*CLO XVIII* 

On July 12, 2024 (the "CLO XVIII Closing Date"), the Company completed a $399.8 million term debt securitization transaction (the "CLO XVIII Transaction"). The secured notes and preferred shares issued in the CLO XVIII Transaction and the secured loan borrowed in the CLO XVIII Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO XVIII, LLC, a limited liability company organized under the laws of the State of Delaware (the "CLO XVIII Issuer").

The CLO XVIII Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture dated as of the CLO XVIII Closing Date (the "CLO XVIII Indenture"), by and among the CLO XVIII Issuer and State Street Bank and Trust Company: (i) $178.0 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 1.70%, (ii) $32.0 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 1.95% (together, the "CLO XVIII Secured Notes") and (B) the borrowing by the CLO XVIII Issuer of $50.0 million under floating rate Class A-1L Loans (the "CLO XVIII Class A-1L Loans" and together with the CLO XVIII Secured Notes, the "CLO XVIII Debt"). The CLO XVIII Class A-1L Loans bear interest at three-month term SOFR plus 1.70%. The CLO XVIII Class A-1L Loans were borrowed under a loan agreement (the "CLO XVIII A-1L Loan Agreement"), dated as of the CLO XVIII Closing Date, by and among the CLO XVIII Issuer, as borrower, various financial institutions, as lenders, and State Street Bank and Trust Company, as collateral trustee and loan agent. The CLO XVIII Debt is secured by middle-market loans, participation interests in middle-market loans and other assets of the CLO XVIII Issuer. The CLO XVIII Debt is scheduled to mature on the Payment Date (as defined in the CLO XVIII Indenture) in July 2036. The CLO XVIII Secured Notes were privately placed by Deutsche Bank Securities Inc. as Initial Purchaser.

Concurrently with the issuance of the CLO XVIII Secured Notes, the CLO XVIII Issuer issued approximately $139.8 million of subordinated securities in the form of 139,800 preferred shares at an issue price of one thousand U.S. dollars per share (the "CLO XVIII Preferred Shares").

As part of the CLO XVIII Transaction, the Company entered into a loan sale agreement with the CLO XVIII Issuer dated as of the CLO XVIII Closing Date (the "CLO XVIII OCIC Loan Sale Agreement"), which provided for the contribution of approximately $246.2 million funded par amount of middle-market loans from the Company to the CLO XVIII Issuer on the CLO XVIII Closing Date and for future sales from the Company to the CLO XVIII Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO XVIII Secured Notes. The remainder of the initial portfolio assets securing the CLO XVIII Secured Notes consisted of approximately $146.4 million funded par amount of middle-market loans purchased by the CLO XVIII Issuer from Core Income Funding IV LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the CLO XVIII Closing Date between the CLO XVIII Issuer and Core Income Funding IV LLC (the "CLO XVIII Core

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

Income Funding IV Loan Sale Agreement"). The Company and Core Income Funding IV LLC each made customary representations, warranties, and covenants to the CLO XVIII Issuer under the applicable loan sale agreement. No gain or loss was recognized as a result of these sales and contributions.

Through the Payment Date in July 2029, a portion of the proceeds received by the CLO XVIII Issuer from the loans securing the CLO XVIII Debt may be used by the CLO XVIII Issuer to purchase additional middle-market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO XVIII Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle-market loans.

The CLO XVIII Debt is the secured obligation of the CLO XVIII Issuer, and the CLO XVIII Indenture and CLO XVIII A-1L Loan Agreement each include customary covenants and events of default.

*CLO XIX* 

On October 29, 2024 (the "CLO XIX Closing Date"), the Company completed a $401.3 million term debt securitization transaction (the "CLO XIX Transaction"). The secured notes and preferred shares issued in the CLO XIX Transaction and the secured loan borrowed in the CLO XIX Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO XIX, LLC, a limited liability company organized under the laws of the State of Delaware (the "CLO XIX Issuer").

The CLO XIX Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the Closing Date (the "CLO XIX Indenture"), by and among the CLO XIX Issuer and State Street Bank and Trust Company: (i) $153 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 1.65% and (ii) $32 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 1.90% (together, the "Secured Notes") and (B) the borrowing by the CLO XIX Issuer of (i) $50 million under floating rate Class A-1L-1 loans (the "CLO XIX Class A-1L-1 Loans") and (ii) $25 million under floating rate Class A-1L-2 loans (the "CLO XIX Class A-1L-2 Loans" and together with the CLO XIX Class A-1L-1 Loans and the Secured Notes, the "CLO XIX Debt"). The CLO XIX Class A-1L-1 Loans bear interest at three-month term SOFR plus 1.65%. The CLO XIX Class A-1L-2 Loans bear interest at three-month term SOFR plus 1.65%. The CLO XIX Class A-1L-1 Loans were borrowed under a loan agreement (the "CLO XIX A-1L-1 Loan Agreement"), dated as of the CLO XIX Closing Date, by and among the CLO XIX Issuer, as borrower, the lenders party thereto, and State Street Bank and Trust Company, as collateral trustee and loan agent. The CLO XIX Class A-1L-2 Loans were borrowed under a loan agreement (the "CLO XIX A-1L-2 Loan Agreement"), dated as of the CLO XIX Closing Date, by and among the CLO XIX Issuer, as borrower, the lenders party thereto, and State Street Bank and Trust Company, as collateral trustee and loan agent. The CLO XIX Debt is secured by middle market loans, participation interests in middle market loans and other assets of the CLO XIX Issuer. The CLO XIX Debt is scheduled to mature on the Payment Date (as defined in the Indenture) in October 2037. The CLO XIX Secured Notes were privately placed by BofA Securities, Inc., as Initial Purchaser.

Concurrently with the issuance of the CLO XIX Secured Notes, the CLO XIX Issuer issued approximately $141.3 million of subordinated securities in the form of 141,300 preferred shares at an issue price of one thousand U.S. dollars per share (the "CLO XIX Preferred Shares").

As part of the CLO XIX Transaction, the Company entered into a loan sale agreement with the CLO XIX Issuer dated as of the CLO XIX Closing Date (the "CLO XIX OCIC Loan Sale Agreement"), which provided for the contribution and sale of approximately $301.2 million funded par amount of middle market loans from the Company to the CLO XIX Issuer on the CLO XIX Closing Date and for future sales from the CLO XIX Company to the CLO XIX Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO XIX Debt. The remainder of the initial portfolio assets securing the CLO XIX Debt consisted of approximately $56.2 million funded par amount of middle market loans purchased by the CLO XIX Issuer from Core Income Funding III LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the Closing Date between the CLO XIX Issuer and Core Income Funding III LLC (the "CLO XIX Core Income Funding III Loan Sale Agreement"). The Company and Core Income Funding III LLC each made customary representations, warranties, and covenants to the CLO XIX Issuer under the applicable loan sale agreement. No gain or loss was recognized as a result of these sales or contributions.

Through October 2029, a portion of the proceeds received by the CLO XIX Issuer from the loans securing the Debt may be used by the CLO XIX Issuer to purchase additional middle market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO XIX Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle market loans.

The CLO XIX Debt is the secured obligation of the CLO XIX Issuer, and the CLO XIX Indenture, the CLO XIX A-1L-1 Loan Agreement and the CLO XIX A-1L-2 Loan Agreement each include customary covenants and events of default.

*CLO XXII*

On September 24, 2025 (the "CLO XXII Closing Date"), the Company completed a $1.00 billion term debt securitization transaction (the "CLO XXII Transaction"). The secured notes and preferred shares issued in the CLO XXII Transaction and the

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

secured loan borrowed in the CLO XXII Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO XXII, LLC, a limited liability organized under the laws of the State of Delaware (the "CLO XXII Issuer").

The CLO XXII Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the CLO XXII Closing Date (the "CLO XXII Indenture"), by and among the CLO XXII Issuer and State Street Bank and Trust Company: (i) $415 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 1.47%, (ii) $90 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 1.80% and (iii) $57.5 million of A(sf) Class C Notes, which bear interest at three-month term SOFR plus 2.20% (together, the "CLO XXII Secured Notes") and (B) the borrowing by the CLO XXII Issuer of (i) $150 million under floating rate Class A-1L loans (the "CLO XXII Class A-1L Loans"), (ii) $15 million under floating rate Class A-2L loans (the "CLO XXII Class A-2L Loans") and (iii) $10 million under floating rate Class B-L Loans (the "CLO XXII Class B-L Loans" and together with the CLO XXII Class A-1L Loans, the CLO XXII Class A-2L Loans and the CLO XXII Secured Notes, the "CLO XXII Debt"). The CLO XXII Class A-1L Loans bear interest at three-month term SOFR plus 1.47%. The CLO XXII Class A-2L Loans bear interest at three-month term SOFR plus 1.47%. The CLO XXII Class B-L Loans bear interest at three-month term SOFR plus 1.80%. The CLO XXII Class A-1L Loans were borrowed under a loan agreement (the "CLO XXII A-1L Loan Agreement"), dated as of the CLO XXII Closing Date, by and among the CLO XXII Issuer, as borrower, the lenders party thereto, and State Street Bank and Trust Company, as collateral trustee and loan agent. The CLO XXII Class A-2L Loans and the Class B-L Loans were borrowed under a loan agreement (the "CLO XXII A-2L Loan and B-L Loan Agreement"), dated as of the CLO XXII Closing Date, by and among the CLO XXII Issuer, as borrower, the lenders party thereto, and State Street Bank and Trust Company, as collateral trustee and loan agent. The CLO XXII Debt is secured by middle market loans, participation interests in middle market loans and other assets of the Issuer. The CLO XXII Debt is scheduled to mature on the Payment Date (as defined in the CLO XXII Indenture) in October 2037. The CLO XXII Secured Notes were privately placed by SMBC Nikko Securities America, Inc., as Placement Agent and NatWest Markets Securities Inc., as Co-Placement Agent.

Concurrently with the issuance of the CLO XXII Secured Notes, the CLO XXII Issuer issued approximately $262.7 million of subordinated securities in the form of 262,700 preferred shares at an issue price of one thousand U.S. dollars per share (the "CLO XXII Preferred Shares").

As part of the CLO XXII Transaction, the Company entered into a loan sale agreement with the CLO XXII Issuer dated as of the CLO XXII Closing Date (the "CLO XXII OCIC Loan Sale Agreement"), which provided for the contribution and sale of approximately $496.7 million funded par amount of middle market loans from the Company to the CLO XXII Issuer on the CLO XXII Closing Date and for future sales from the Company to the CLO XXII Issuer on an ongoing basis. Such loans constituted part of the initial portfolio of assets securing the CLO XXII Debt. The remainder of the initial portfolio assets securing the CLO XXII Debt consisted of approximately $457.6 million funded par amount of middle market loans purchased by the Issuer from Core Income Funding IV LLC, a wholly-owned subsidiary of the Company, under an additional loan sale agreement executed on the CLO XXII Closing Date between the CLO XXII Issuer and Core Income Funding IV LLC (the "CLO XXII Core Income Funding IV Loan Sale Agreement"). The Company and Core Income Funding IV LLC each made customary representations, warranties, and covenants to the Issuer under the applicable loan sale agreement. No gain or loss was recognized as a result of these sales or contributions.

Through the Payment Date in October 2029, a portion of the proceeds received by the CLO XXII Issuer from the loans securing the CLO XXII Debt may be used by the CLO XXII Issuer to purchase additional middle market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO XXII Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle market loans.

The CLO XXII Debt is the secured obligation of the CLO XXII Issuer, and the CLO XXII Indenture, the CLO XXII A-1L Loan Agreement and the CLO XXII A-2L Loan Agreement and CLO XXII B-L Loan Agreement each include customary covenants and events of default.

*CLO XXIV*

On March 5, 2026 (the "CLO XXIV Closing Date"), the Company completed a $800.0 million term debt securitization transaction (the "CLO XXIV Transaction"). The secured notes and preferred shares issued in the CLO XXIV Transaction and the secured loan borrowed in the CLO XXIV Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO XXIV, LLC, a limited liability organized under the laws of the State of Delaware (the "CLO XXIV Issuer").

The CLO XXIV Transaction was executed by (A) the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the CLO XXIV Closing Date (the "CLO XXIV Indenture"), by and among the CLO XXIV Issuer and The Bank of New York Mellon Trust Company, National Association: (i) $383 million of AAA(sf) Class A Notes, which bear interest at three-month term SOFR plus 1.39%, (ii) $108 million of AA(sf) Class B Notes, which bear interest at three-month term SOFR plus 1.70% and (iii) $56 million of A(sf) Class C Notes, which bear interest at three-month term SOFR plus 1.90% (together, the "CLO XXIV Secured Notes") and (B) the borrowing by the Issuer of (i) $53 million under floating rate Class A-L loans (the "CLO XXIV Class A-L Loans" and together with the Secured Notes, the "CLO XXIV Debt"). The Class A-L Loans bear interest

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

at three-month term SOFR plus 1.39%. The Class A-L Loans were borrowed under a credit agreement (the "CLO XXIV A-L Credit Agreement"), dated as of the CLO XXIV Closing Date, by and among the CLO XXIV Issuer, as borrower, the lenders party thereto, and The Bank of New York Mellon Trust Company, National Association, as collateral trustee and loan agent. The CLO XXIV Debt is secured by middle market loans, participation interests in middle market loans and other assets of the CLO XXIV Issuer. The CLO XXIV Debt is scheduled to mature on the Payment Date (as defined in the CLO XXIV Indenture) in January 2038. The CLO XXIV Secured Notes were privately placed by J.P. Morgan Securities LLC, as Placement Agent.

Concurrently with the issuance of the CLO XXIV Secured Notes, the CLO XXIV Issuer issued approximately $200.95 million of subordinated securities in the form of 200,950 preferred shares at an issue price of one thousand U.S. dollars per share (the "CLO XXIV Preferred Shares").

As part of the CLO XXIV Transaction, the Company entered into a loan sale agreement with the CLO XXIV Issuer dated as of the CLO XXIV Closing Date (the "CLO XXIV BOCIC Loan Sale Agreement"), which provided for the contribution and sale of approximately $766.018 million funded par amount of middle market loans from the Company to the CLO XXIV Issuer on the CLO XXIV Closing Date and for future sales from the Company to the CLO XXIV Issuer on an ongoing basis. Such loans constituted the initial portfolio of assets securing the CLO XXIV Debt. The Company made customary representations, warranties, and covenants to the Issuer under the loan sale agreement. No gain or loss was recognized as a result of these sales or contributions.

Through January 2030, a portion of the proceeds received by the CLO XXIV Issuer from the loans securing the CLO XXIV Debt may be used by the CLO XXIV Issuer to purchase additional middle market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO XXIV Issuer and in accordance with the Company's investing strategy and ability to originate eligible middle market loans.

The CLO XXIV Debt is the secured obligation of the CLO XXIV Issuer, and the CLO XXIV Indenture and the CLO XXIV A-L Credit Agreement each include customary covenants and events of default.

***Unsecured Notes***

On November 30, 2022, the Company entered into an agreement of removal, appointment and acceptance (the "Tripartite Agreement"), with Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association (the "Retiring Trustee") and Truist Bank (the "Successor Trustee"), with respect to the Indenture, dated September 23, 2021 between the Company and the Retiring Trustee (the "Base Indenture"), the first supplemental indenture, dated September 23, 2021 (the "First Supplemental Indenture") between the Company and the Retiring Trustee, the second supplemental indenture, dated February 8, 2022 (the "Second Supplemental Indenture") between the Company and the Retiring Trustee, the third supplemental indenture, dated March 29, 2022 (the "Third Supplemental Indenture") between the Company and the Retiring Trustee, and the Fourth Supplemental Indenture, dated September 16, 2022 (the "Fourth Supplemental Indenture" and together with the Base Indenture, the First Supplemental Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture, the "Indenture") between the Company and the Retiring Trustee.

The Tripartite Agreement provided that, effective as of the date thereof, (1) the Retiring Trustee assigns, transfers, delivers and confirms to the Successor Trustee all of its rights, title and interest under the Indenture and all of the rights, power, trusts and duties as trustee, security registrar, paying agent, authenticating agent and depositary custodian under the Indenture; and (2) the Successor Trustee accepts its appointment successor trustee, security registrar, paying agent, authenticating agent and depositary custodian under the Indenture, and accepts the rights, indemnities, protections, powers, trust and duties of or afforded to Retiring Trustee as trustee, security registrar, paying agent, authenticating agent and depositary custodian under the Indenture. The Successor Trustee's appointment in its capacities as paying agent and security registrar became effective on December 14, 2022.

*March 2025 Notes*

On March 29, 2022, the Company issued $500.0 million aggregate principal amount of 5.500% notes due 2025 (the notes initially issued on March 29, 2022, together with the registered notes issued in the exchange offer described below, the "March 2025 Notes") in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale by the Initial Purchasers to persons they reasonably believe to be qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. When initially issued, the March 2025 Notes were not registered under the Securities Act and could not be offered or sold in the United States absent registration or an applicable exemption from registration. On March 21, 2025, the maturity date for the March 2025 Notes, the Company repaid in full all $500.0 million in aggregate principal amount of the March 2025 Notes, plus the accrued and unpaid interest thereon through, but excluding, March 21, 2025.

The March 2025 Notes were issued pursuant to the Base Indenture and the Third Supplemental Indenture (together, the "March 2025 Indenture"). The March 2025 Notes bore interest at a rate of 5.500% per year payable semi-annually on March 21 and September 21 of each year, commencing on September 21, 2022. Concurrent with the issuance of the March 2025 Notes, in connection with the offering, the Company entered into a Registration Rights Agreement, dated as of March 29, 2022 (the "March 2025 Registration

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

Rights Agreement"), for the benefit of the purchasers of the March 2025 Notes. Pursuant to the terms of the March 2025 Registration Rights Agreement, the Company filed a registration statement with the SEC and, on July 25, 2022, commenced an offer to exchange the notes initially issued on March 29, 2022 for newly issued registered notes with substantially similar terms, which expired on August 23, 2022 and was completed promptly thereafter.

The March 2025 Notes were the Company's direct, general unsecured obligations and ranked senior in right of payment to all of the Company's future indebtedness or other obligations that were expressly subordinated, or junior, in right of payment to the March 2025 Notes. The March 2025 Notes ranked pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that was not so subordinated, or junior to the March 2025 Notes. The March 2025 Notes ranked effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The March 2025 Notes ranked structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

*September 2026 Notes*

On September 23, 2021, the Company issued $350.0 million aggregate principal amount of 3.125% notes due 2026 (the notes initially issued on September 23, 2021, together with the registered notes issued in the exchange offer described below, the "September 2026 Notes") in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. When initially issued, the September 2026 Notes were not registered under the Securities Act and could not be offered or sold in the United States absent registration or an applicable exemption from registration.

The September 2026 Notes were issued pursuant to the Base Indenture and the First Supplemental Indenture (together, the "September 2026 Indenture"). The September 2026 Notes will mature on September 23, 2026 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the September 2026 Indenture. The September 2026 Notes initially bear interest at a rate of 3.125% per year payable semi-annually on March 23 and September 23 of each year, commencing on March 23, 2022. Concurrent with the issuance of the September 2026 Notes, the Company entered into a Registration Rights Agreement (the "September 2026 Registration Rights Agreement") for the benefit of the purchasers of the September 2026 Notes. Pursuant to the terms of the September 2026 Registration Rights Agreement, the Company filed a registration statement with the SEC and, on July 25, 2022, commenced an offer to exchange the notes initially issued on September 23, 2021 for newly issued registered notes with substantially similar terms, which expired on August 23, 2022 and was completed promptly thereafter.

The September 2026 Notes are the direct, general unsecured obligations and will rank senior in right of payment to all of the future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the September 2026 Notes. The September 2026 Notes rank pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that are not so subordinated, or junior. The September 2026 Notes rank effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The September 2026 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

The September 2026 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with the asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the September 2026 Notes and the Successor Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the September 2026 Indenture.

In addition, if a change of control repurchase event, as defined in the September 2026 Indenture, occurs prior to maturity, holders of the September 2026 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the September 2026 Notes at a repurchase price equal to 100% of the aggregate principal amount of the September 2026 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

*February 2027 Notes*

On February 8, 2022, the Company issued $500.0 million aggregate principal amount of 4.70% notes due 2027 (the notes initially issued on February 8, 2022, together with the registered notes issued in the exchange offer described below, the "February 2027 Notes") in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. When initially issued, the February 2027 Notes were not registered under the Securities Act and could not be offered or sold in the United States absent registration or an applicable exemption from registration.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The February 2027 Notes were issued pursuant to the Base Indenture and the Second Supplemental Indenture (together, the "February 2027 Indenture"). The February 2027 Notes will mature on February 8, 2027 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the February 2027 Indenture. The February 2027 Notes initially bear interest at a rate of 4.70% per year payable semi-annually on February 8 and August 8 of each year, commencing on August 8, 2022. Concurrent with the issuance of the February 2027 Notes the Company entered into a Registration Rights Agreement (the "February 2027 Registration Rights Agreement") for the benefit of the purchasers of the February 2027 Notes. Pursuant to the terms of the February 2027 Registration Rights Agreement the Company filed a registration statement with the SEC and, on July 25, 2022, commenced an offer to exchange the notes initially issued on February 8, 2022 for newly issued registered notes with substantially similar terms, which expired on August 23, 2022 and was completed promptly thereafter.

The February 2027 Notes are the Company's direct, general unsecured obligations and rank senior in right of payment to all of its future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the February 2027 Notes. The February 2027 Notes rank pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that are not so subordinated, or junior to the February 2027 Notes. The February 2027 Notes rank effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The February 2027 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

The February 2027 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the February 2027 Notes and the Successor Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the Indenture. In addition, if a change of control repurchase event, as defined in the February 2027 Indenture, occurs prior to maturity, holders of the February 2027 Notes have the right, at their option, to require us to repurchase for cash some or all of the February 2027 Notes at a repurchase price equal to 100% of the aggregate principal amount of the February 2027 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

*September 2027 Notes*

On September 16, 2022, the Company issued $600.0 million aggregate principal amount of 7.750% notes due 2027 (the notes initially issued on September 16, 2022, together with the registered notes issued in the exchange offer described below, the "September 2027 Notes") in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. When initially issued, the September 2027 Notes were not registered under the Securities Act and could not be offered or sold in the United States absent registration or an applicable exemption from registration.

The September 2027 Notes were issued pursuant to the Base Indenture and the Fourth Supplemental Indenture (together, the "September 2027 Indenture"). The September 2027 Notes will mature on September 16, 2027 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the September 2027 Indenture. The September 2027 Notes bear interest at a rate of 7.750% per year payable semi-annually on March 16 and September 16 of each year, commencing on March 16, 2023. Concurrent with the issuance of the September 2027 Notes, the Company entered into a Registration Rights Agreement (the "September 2027 Registration Rights Agreement") for the benefit of the purchasers of the September 2027 Notes. Pursuant to the terms of the September 2027 Registration Rights Agreement, the Company filed a registration statement with the SEC and, on July 21, 2023, commenced an offer to exchange the notes initially issued on September 16, 2022 for newly issued registered notes with substantially similar terms, which expired on August 23, 2023 and was completed promptly thereafter.

The September 2027 Notes are the Company's direct, general unsecured obligations and rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the September 2027 Notes. The September 2027 Notes rank pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that are not so subordinated, or junior to the September 2027 Notes. The September 2027 Notes rank effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The September 2027 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

The September 2027 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with Section 18(a)(1)(A) of the 1940 Act whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the September 2027 Notes and the Successor Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the September 2027 Indenture.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

In addition, if a change of control repurchase event, as defined in the Indenture, occurs prior to maturity, holders of the September 2027 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the September 2027 Notes at a repurchase price equal to 100% of the aggregate principal amount of the September 2027 Notes being repurchased, plus accrued and unpaid interest to, but not including, the repurchase date.

In connection with the issuance of the September 2027 Notes, on October 18, 2022, the Company entered into centrally cleared interest rate swaps. The notional amount of the centrally cleared interest rate swap was $600.0 million. The Company received fixed rate interest at 7.750% and paid variable rate interest based on SOFR plus 3.840%. The centrally cleared interest rate swaps had a termination date of September 16, 2027. On September 16, 2025, the Company terminated the centrally cleared interest rate swaps and received proceeds equal to the fair value of the centrally cleared interest rate swaps as of the termination date totaling $6.3 million. Contemporaneously, the Company entered into a bilateral interest rate swap with the same notional, fixed rate and termination date as the swaps terminated, and a variable rate interest based on SOFR plus 4.325%. The adjustment to the net carrying value of the September 2027 Notes offsetting the fair value of the centrally cleared swaps was capitalized to the September 2027 Notes as of the swap termination date and will amortize to the September 2027 Notes maturity date as a component of interest expense on the Consolidated Statements of Operations. The interest expense related to the September 2027 Notes is equally offset by the proceeds received from the fixed rate leg of the interest rate swaps. The swap adjusted interest expense is included as a component of interest expense on the Company's Consolidated Statements of Operations. As of March 31, 2026, the interest rate swap had a fair value of $(3.8) million ($(0.1) million net of the present value of the cash flows of the September 2027 Notes). As of December 31, 2025, the interest rate swap had a fair value of $(0.8) million ($(0.1) million net of the present value of the cash flows of the September 2027 Notes). Depending on the nature of the balance at period end, the fair value of the interest rate swap is either included as a component of accrued expenses and other liabilities or prepaid expenses and other assets on the Company's Consolidated Statements of Assets and Liabilities. The change in fair value of the interest rate swaps, is offset by the change in net carrying value of the September 2027 Notes, with the remaining difference included as a component of interest expense on the Consolidated Statements of Operations. For the three months ended March 31, 2026, the Company made periodic payments of $1.7 million.

*AUD 2027 Notes* 

On October 23, 2024, the Company issued A$450.0 million 6.500% Fixed Rate Notes due October 23, 2027 (the "AUD 2027 Notes") under its A$2,500,000,000 Australian debt issuance program (the "Australian Debt Issuance Program"). The Australian Debt Issuance Program provides for the Company to issue debt securities from time to time. Debt securities issued pursuant to the Australian Debt Issuance Program (i) are issued pursuant to Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"), (ii) are not registered under the Securities Act, (iii) may not be offered or sold in the United States or to a U.S. person without registration under, or an applicable exemption from the registration requirements of the Securities Act, and (iv) are to be issued in amount not exceeding an aggregate of A$2.5 billion.

The terms of the AUD 2027 Notes are set out in a Pricing Supplement, dated October 21, 2024 (the "AUD 2027 Notes Pricing Supplement") and the Note Deed Poll, dated October 6, 2024 (the "AUD 2027 Notes Note Deed Poll") and the AUD 2027 Notes were issued pursuant to the Dealer Common Terms Deed Poll, dated October 6, 2024 (the "AUD 2027 Notes Dealer Common Terms Deed Poll") and a Subscription Agreement (the " AUD 2027 Notes Subscription Agreement"), dated October 21, 2024, by and among the Company and Deutsche Bank AG, Sydney Branch and Mizuho Securities Asia Limited, named as the joint lead managers and dealers therein (the "AUD 2027 Notes Dealers").

The net proceeds from the sale of the AUD 2027 Notes offering were approximately A$446.643 million, after deducting the fees paid to the AUD 2027 Notes Dealers.

The AUD 2027 Notes will mature on October 23, 2027, and may be redeemed in whole at the Company's option as set forth in the AUD 2027 Notes Pricing Supplement. The AUD 2027 Notes bear interest at 6.500% per year payable semi-annually on April 23 and October 23 of each year, commencing on April 23, 2025. The AUD 2027 Notes will be the Company's direct, general unsecured obligations and will rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the AUD 2027 Notes. The AUD 2027 Notes will rank pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that are not so subordinated, or junior to the AUD 2027 Notes. The AUD 2027 Notes will rank effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The AUD 2027 Notes will rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

In addition, if a change of control repurchase event, as defined in the AUD 2027 Notes Pricing Supplement, occurs prior to maturity, holders of the AUD 2027 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the AUD 2027 Notes at a repurchase price equal to 100% of the aggregate principal amount of the AUD 2027 Notes being repurchased, plus accrued and unpaid interest to, but not including, the redemption date.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

In connection with the issuance of the AUD 2027 Notes, the Company entered into both a bilateral cross-currency swap and interest rate swap, for notional amounts of A$379.0 million and A$71.0 million, respectively. The Company will receive fixed rate interest of 6.500% and will pay variable rate interest based on, one-month SOFR plus 2.67% and three-month BBSY plus 2.72%, for the bilateral cross-currency swap and interest rate swap, respectively. The swaps mature on October 23, 2027. For the three months ended March 31, 2026, the Company did not make periodic payments for the cross-currency swap or interest rate swap. For the three months ended March 31, 2025, the Company did not make periodic payments for the cross-currency swap and interest rate swap. The interest expense related to the AUD 2027 Notes is equally offset by the proceeds received from the interest rate swaps. The swap adjusted interest expense is included as a component of interest expense on the Company's Consolidated Statements of Operations. As of March 31, 2026, the swaps had an aggregate fair value of $3.9 million ($(0.3) million net of the present value of the cash flows of the AUD 2027 Notes). As of December 31, 2025, the interest rate swap had a fair value of $(2.1) million ($(0.7) million net of the present value of the cash flows of the AUD 2027 Notes). Depending on the nature of the balance at period end, the fair value of the interest rate swap is either included as a component of accrued expenses and other liabilities or prepaid expenses and other assets on the Company's Consolidated Statements of Assets and Liabilities. The change in fair value of the interest rate swap is offset by the change in net carrying value of the AUD 2027 Notes, with the remaining difference included as a component of interest expense on the Company's Consolidated Statements of Operations. The change in foreign exchange rate of the cross-currency swap is offset by the change in foreign exchange rate of the AUD 2027 Notes, with the remaining difference included as a component of translation of assets and liabilities in foreign currencies on the Company's Consolidated Statements of Operations.

*May 2028 Notes*

On May 23, 2025, the Company issued $500.0 million aggregate principal amount of its 5.900% notes due 2028 (the "May 2028 Notes") in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act and non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. The May 2028 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The May 2028 Notes were issued pursuant to the Base Indenture and a Tenth Supplemental Indenture, dated as of May 23, 2025 (the "Tenth Supplemental Indenture" and together with the Base Indenture, the "May 2028 Indenture"), between the Company and the Trustee. The May 2028 Notes will mature on May 23, 2028 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the May 2028 Indenture. The May 2028 Notes bear interest at a rate of 5.900% per year payable semi-annually on May 23 and November 23 of each year, commencing on November 23, 2025. Concurrent with the issuance of the May 2028 Notes, the Company entered into a Registration Rights Agreement (the "May 2028 Registration Rights Agreement") for the benefit of the purchasers of the May 2028 Notes. Pursuant to the May 2028 Registration Rights Agreement, the Company is obligated to file a registration statement with the SEC with respect to an offer to exchange the May 2028 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the May 2028 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the May 2028 Notes. If the Company fails to satisfy its registration obligations under the May 2028 Registration Rights Agreement, it will be required to pay additional interest to the holders of the May 2028 Notes.

The May 2028 Notes are the Company's direct, general unsecured obligations and rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the May 2028 Notes. The May 2028 Notes rank pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that are not so subordinated, or junior, to the May 2028 Notes. The May 2028 Notes rank effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The May 2028 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

The May 2028 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with Section 18(a)(1)(A) of the 1940 Act, as modified by Section 61(a) of the 1940 Act, for the period of time during which the May 2028 Notes are outstanding, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the May 2028 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the May 2028 Indenture.

In addition, if a change of control repurchase event, as defined in the May 2028 Indenture, occurs prior to maturity, holders of the May 2028 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the May 2028 Notes at a repurchase price equal to 100% of the aggregate principal amount of the May 2028 Notes being repurchased, plus accrued and unpaid interest to, but not including, the repurchase date.

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

In connection with the issuance of the May 2028 Notes, on May 23, 2025 the Company entered into a bilateral interest rate swap. The notional amount of the interest rate swaps is $500.0 million. The Company will receive fixed rate interest at 5.900% and pay variable rate interest based on SOFR plus 2.1761%. The interest rate swaps mature on May 23, 2028. For the three months ended March 31, 2026, the Company did not make periodic payments. The interest expense related to the May 2028 Notes is equally offset by the proceeds received from the interest rate swaps. The swap adjusted interest expense is included as a component of interest expense on the Company's Consolidated Statements of Operations. As of March 31, 2026, the interest rate swap had a fair value of $0.5 million, ($(0.3) net of the present value of the cash flows of the May 2028 Notes). As of December 31, 2025, the interest rate swap had a fair value of $3.9 million ($0.3 million net of the present value of the cash flows of the May 2028 Notes). Depending on the nature of the balance at period end, the fair value of the interest rate swap is either included as a component of accrued expenses and other liabilities or prepaid expenses and other assets on the Company's Consolidated Statements of Assets and Liabilities. The change in fair value of the interest rate swap is offset by the change in net carrying value of the May 2028 Notes, with the remaining difference included as a component of interest expense on the Company's Consolidated Statements of Operations.

*June 2028 Notes*

On June 13, 2023, the Company issued $500.0 million aggregate principal amount of its 7.950% notes due 2028 and on July 14, 2023, the Company issued an additional $150.0 million aggregate principal amount of its 7.950% notes due 2028 (together, the "June 2028 Notes") in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2028 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2028 Notes were issued pursuant to the Base Indenture and the Fifth Supplemental Indenture (together with the Base Indenture, the "June 2028 Indenture"), between the Company and the Trustee. The June 2028 Notes will mature on June 13, 2028 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the June 2028 Indenture. The June 2028 Notes bear interest at a rate of 7.950% per year payable semi-annually on June 13 and December 13 of each year, commencing on December 13, 2023. Concurrent with the issuance of the June 2028 Notes, the Company entered into a Registration Rights Agreement (the "June 2028 Registration Rights Agreement") for the benefit of the purchasers of the June 2028 Notes. Pursuant to the June 2028 Registration Rights Agreement, the Company is obligated to file a registration statement with the SEC with respect to an offer to exchange the June 2028 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the June 2028 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the June 2028 Notes. If the Company fails to satisfy its registration obligations under the June 2028 Registration Rights Agreement, it will be required to pay additional interest to the holders of the June 2028 Notes.

The June 2028 Notes are the Company's direct, general unsecured obligations and rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2028 Notes. The June 2028 Notes rank pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that are not so subordinated, or junior to the June 2028 Notes. The June 2028 Notes rank effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The June 2028 Notes will rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

The June 2028 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with Section 18(a)(1)(A) of the 1940 Act whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2028 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the June 2028 Indenture.

In addition, if a change of control repurchase event, as defined in the Indenture, occurs prior to maturity, holders of the June 2028 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the June 2028 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2028 Notes being repurchased, plus accrued and unpaid interest to, but not including, the repurchase date.

In connection with the issuance of the June 2028 Notes, on February 16, 2024, the Company entered into centrally cleared interest rate swaps. The notional amount of the interest rate swaps is $650.0 million. The Company will receive fixed rate interest at 7.950% and pay variable rate interest based on SOFR plus 3.790%. The centrally cleared interest rate swaps had a termination date of May 13, 2028. On December 15, 2025, the Company terminated the centrally cleared interest rate swaps and received proceeds equal to the fair value of the centrally cleared interest rate swaps as of the termination date totaling $11.4 million. Contemporaneously, the Company entered into a bilateral interest rate swap with the same notional, fixed rate and termination date as the terminated swaps, and a

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

variable rate interest based on SOFR plus 4.486%. The basis adjustment to the net carrying value of the June 2028 Notes offsetting the fair value of the centrally cleared interest rate swaps was capitalized to the June 2028 Notes as of the swap termination date and will amortize to the June 2028 Notes maturity date as a component of interest expense on the Consolidated Statements of Operations. The interest expense related to the June 2028 Notes is equally offset by the proceeds received from the fixed rate leg of the interest rate swaps. The swap adjusted interest expense is included as a component of interest expense on the Company's Consolidated Statements of Operations. As of March 31, 2026, the interest rate swap had a fair value of $(4.0) million ($(0.1) million net of the present value of the cash flows of the June 2028 Notes). As of December 31, 2025, the interest rate swap had a fair value of 0.1 million ($0.0 million net of the present value of the cash flows of the June 2028 Notes). Depending on the nature of the balance at period end, the fair value of the interest rate swap is either included as a component of accrued expenses and other liabilities or prepaid expenses and other assets on the Company's Consolidated Statements of Assets and Liabilities. The change in fair value of the interest rate swaps including the interest rate swap through their termination date, is offset by the change in net carrying value of the June 2028 Notes, with the remaining difference included as a component of interest expense on the Company's Consolidated Statements of Operations. For the three months ended March 31, 2026, the Company did not make any periodic payments.

*January 2029 Notes*

On December 4, 2023, the Company issued $550.0 million aggregate principal amount of its 7.750% notes due 2029 (the "January 2029 Notes") in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The January 2029 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The January 2029 Notes were issued pursuant to the Base Indenture and a Sixth Supplemental Indenture, dated as of December 4, 2023 (the "Sixth Supplemental Indenture" and together with the Base Indenture, the "January 2029 Indenture"), between the Company and the Trustee. The January 2029 Notes will mature on January 15, 2029 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the January 2029 Indenture. The January 2029 Notes bear interest at a rate of 7.750% per year payable semi-annually on January 15 and July 15 of each year, commencing on July 15, 2024. Concurrent with the issuance of the January 2029 Notes, the Company entered into a Registration Rights Agreement (the "January 2029 Registration Rights Agreement") for the benefit of the purchasers of the January 2029 Notes. Pursuant to the January 2029 Registration Rights Agreement, the Company is obligated to file a registration statement with the SEC with respect to an offer to exchange the January 2029 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the January 2029 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the January 2029 Notes. If the Company fails to satisfy its registration obligations under the January 2029 Registration Rights Agreement, it will be required to pay additional interest to the holders of the January 2029 Notes.

The January 2029 Notes are the Company's direct, general unsecured obligations and rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the January 2029 Notes. The January 2029 Notes rank pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that are not so subordinated, or junior, to the January 2029 Notes. The January 2029 Notes rank effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The January 2029 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

The January 2029 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with Section 18(a)(1)(A) of the 1940 Act, as modified by Section 61(a) of the 1940 Act, for the period of time during which the January 2029 Notes are outstanding, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the January 2029 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the January 2029 Indenture.

In addition, if a change of control repurchase event, as defined in the January 2029 Indenture, occurs prior to maturity, holders of the January 2029 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the January 2029 Notes at a repurchase price equal to 100% of the aggregate principal amount of the January 2029 Notes being repurchased, plus accrued and unpaid interest to, but not including, the repurchase date.

In connection with the issuance of the January 2029 Notes, on November 28, 2023 the Company entered into centrally cleared interest rate swaps. The notional amount of the interest rate swaps is $550.0 million. The Company will receive fixed rate interest at 7.750% and pay variable rate interest based on SOFR plus 3.647%. For the three months ended March 31, 2026 and 2025, the Company made periodic payments of $0.6 million and $2.9 million, respectively. The centrally cleared interest rate swaps had a

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

termination date of January 15, 2029. On January 15, 2026, the Company terminated the centrally cleared interest rate swap and received proceeds equal to the fair value of the centrally cleared interest rate swap as of the termination date, adjusted for accrued swap interest then owed, totaling $10.1 million. Contemporaneously, the Company entered into a bilateral interest rate swap with the same notional, fixed rate and termination date as the swaps terminated, and a variable rate interest based on SOFR plus 4.2310%. The adjustment to the net carrying value of the 2029 Notes offsetting the fair value of the centrally cleared swaps was capitalized to the 2029 Notes as of the swap termination date and will amortize to the maturity date as a component of interest expense on the Consolidated Statements of Operations.

The interest expense related to the January 2029 Notes is equally offset by the proceeds received from the interest rate swaps. The swap adjusted interest expense is included as a component of interest expense on the Company's Consolidated Statements of Operations. As of March 31, 2026, the interest rate swap had a fair value of $(2.6) million ($1.3 million net of the present value of the cash flows of the January 2029 Notes). As of December 31, 2025, the interest rate swap had a fair value of $10.0 million ($(0.2) million net of the present value of the cash flows of the January 2029 Notes). Depending on the nature of the balance at period end, the fair value of the interest rate swap is either included as a component of accrued expenses and other liabilities or prepaid expenses and other assets on the Company's Consolidated Statements of Assets and Liabilities. The change in fair value of the interest rate swap is offset by the change in net carrying value of the January 2029 Notes, with the remaining difference included as a component of interest expense on the Company's Consolidated Statements of Operations.

*September 2029 Notes*

On May 14, 2024, the Company issued $500.0 million aggregate principal amount of its 6.600% notes due 2029 and on January 22, 2025, the Company issued an additional $400.0 million aggregate principal amount of our 6.600% notes due 2029 (together, the "September 2029 Notes") in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A under the Securities Act and non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. The September 2029 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The September 2029 Notes were issued pursuant to the Base Indenture and an Eighth Supplemental Indenture, dated as of May 14, 2024 (the "Eighth Supplemental Indenture" and together with the Base Indenture, the "September 2029 Indenture"), between the Company and the Trustee. The September 2029 Notes will mature on September 15, 2029 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the September 2029 Indenture. The September 2029 Notes bear interest at a rate of 6.600% per year payable semi-annually on March 15 and September 15 of each year, commencing on September 15, 2024. Concurrent with the issuance of the September 2029 Notes, the Company entered into a Registration Rights Agreement (the "September 2029 Registration Rights Agreement") for the benefit of the purchasers of the September 2029 Notes. Pursuant to the September 2029 Registration Rights Agreement, the Company is obligated to file a registration statement with the SEC with respect to an offer to exchange the September 2029 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the September 2029 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the September 2029 Notes. If the Company fails to satisfy its registration obligations under the September 2029 Registration Rights Agreement, it will be required to pay additional interest to the holders of the September 2029 Notes.

The September 2029 Notes are the Company's direct, general unsecured obligations and rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the September 2029 Notes. The September 2029 Notes rank pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that are not so subordinated, or junior, to the September 2029 Notes. The September 2029 Notes rank effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The September 2029 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

The September 2029 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with Section 18(a)(1)(A) of the 1940 Act, as modified by Section 61(a) of the 1940 Act, for the period of time during which the September 2029 Notes are outstanding, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the September 2029 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the September 2029 Indenture.

In addition, if a change of control repurchase event, as defined in the September 2029 Indenture, occurs prior to maturity, holders of the September 2029 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

September 2029 Notes at a repurchase price equal to 100% of the aggregate principal amount of the September 2029 Notes being repurchased, plus accrued and unpaid interest to, but not including, the repurchase date.

In connection with the May 14, 2024 issuance of the September 2029 Notes, on May 14, 2024, the Company entered into a bilateral interest rate swap. The notional amount of the interest rate swap is $500.0 million. The Company will receive fixed rate interest at 6.600% and pay variable rate interest based on SOFR plus 2.337%. In connection with the January 22, 2025 issuance of the September 2029 Notes, on January 22, 2025, the Company entered into a bilateral interest rate swap. The notional amount of the interest rate swap is $400.0 million. The Company will receive fixed rate interest at 6.600% and pay variable rate interest based on SOFR plus 2.457%.The interest rate swaps mature on August 15, 2029. For the three months ended March 31, 2026 and 2025, the Company received periodic payments of $1.0 million and $1.3 million, respectively. The interest expense related to the September 2029 Notes is equally offset by the proceeds received from the interest rate swaps. The swap's adjusted interest expense is included as a component of interest expense on the Company's Consolidated Statements of Operations. As of March 31, 2026, the interest rate swaps had a fair value of $16.4 million ($0.1 million net of the present value of the cash flows of the September 2029 Notes). As of December 31, 2025, the interest rate swaps had a fair value of $23.9 million ($0.3 million net of the present value of the cash flows of the September 2029 Notes). Depending on the nature of the balance at period end, the fair value of the interest rate swaps is either included as a component of accrued expenses and other liabilities or prepaid expenses and other assets on the Company's Consolidated Statements of Assets and Liabilities. The change in fair value of the interest rate swaps is offset by the change in net carrying value of the September 2029 Notes, with the remaining difference included as a component of interest expense on the Company's Consolidated Statements of Operations.

*March 2030 Notes*

On September 13, 2024, the Company issued $1.00 billion aggregate principal amount of its 5.800% notes due 2030 (the "March 2030 Notes") in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant Rule 144A under the Securities Act and non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. The March 2030 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The March 2030 Notes were issued pursuant to the Base Indenture and a Ninth Supplemental Indenture, dated as of September 13, 2024 (the "Ninth Supplemental Indenture" and together with the Base Indenture, the "March 2030 Indenture"), between the Company and the Trustee. The March 2030 Notes will mature on March 15, 2030 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the March 2030 Indenture. The March 2030 Notes bear interest at a rate of 5.800% per year payable semi-annually on March 15 and September 15 of each year, commencing on March 15, 2025. Concurrent with the issuance of the March 2030 Notes, the Company entered into a Registration Rights Agreement (the "March 2030 Registration Rights Agreement") for the benefit of the purchasers of the March 2030 Notes. Pursuant to the March 2030 Registration Rights Agreement, the Company is obligated to file a registration statement with the SEC with respect to an offer to exchange the March 2030 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the March 2030 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the March 2030 Notes. If the Company fails to satisfy its registration obligations under the March 2030 Registration Rights Agreement, it will be required to pay additional interest to the holders of the March 2030 Notes.

The March 2030 Notes are the Company's direct, general unsecured obligations and rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the March 2030 Notes. The March 2030 Notes rank pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that are not so subordinated, or junior, to the March 2030 Notes. The March 2030 Notes rank effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The March 2030 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

The March 2030 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with Section 18(a)(1)(A) of the 1940 Act, as modified by Section 61(a) of the 1940 Act, for the period of time during which the March 2030 Notes are outstanding, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the March 2030 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the March 2030 Indenture.

In addition, if a change of control repurchase event, as defined in the March 2030 Indenture, occurs prior to maturity, holders of the March 2030 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the March 2030

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

Notes at a repurchase price equal to 100% of the aggregate principal amount of the March 2030 Notes being repurchased, plus accrued and unpaid interest to, but not including, the repurchase date.

In connection with the issuance of the March 2030 Notes, on September 10, 2024 the Company entered into a bilateral interest rate swap. The notional amount of the interest rate swaps is $1.00 billion. The Company will receive fixed rate interest at 5.800% and pay variable rate interest based on SOFR plus 2.619%. The interest rate swaps mature on February 15, 2030. For the three months ended March 31, 2026 and 2025, the Company made periodic payments of $4.1 million and $8.1 million, respectively. The interest expense related to the March 2030 Notes is equally offset by the proceeds received from the interest rate swaps. The swap adjusted interest expense is included as a component of interest expense on the Company's Consolidated Statements of Operations. As of March 31, 2026, the interest rate swap had a fair value of $(17.6) million ($(0.1) million net of the present value of the cash flows of the March 2030 Notes). As of December 31, 2025, the interest rate swap had a fair value of $(11.8) million ($0.0 million net of the present value of the cash flows of the March 2030 Notes). Depending on the nature of the balance at period end, the fair value of the interest rate swap is either included as a component of accrued expenses and other liabilities or prepaid expenses and other assets on the Company's Consolidated Statements of Assets and Liabilities. The change in fair value of the interest rate swap is offset by the change in net carrying value of the March 2030 Notes, with the remaining difference included as a component of interest expense on the Company's Consolidated Statements of Operations.

*March 2031 Notes*

On February 1, 2024, the Company issued $750.0 million aggregate principal amount of its 6.650% notes due 2031 (the "March 2031 Notes") in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The March 2031 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The March 2031 Notes were issued pursuant to the Base Indenture and a Seventh Supplemental Indenture, dated as of February 1, 2024 (the "Seventh Supplemental Indenture" and together with the Base Indenture, the "March 2031 Indenture"), between the Company and the Trustee. The March 2031 Notes will mature on March 15, 2031 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the March 2031 Indenture. The March 2031 Notes bear interest at a rate of 6.650% per year payable semi-annually on March 15 and September 15 of each year, commencing on September 15, 2024. Concurrent with the issuance of the March 2031 Notes, the Company entered into a Registration Rights Agreement (the "March 2031 Registration Rights Agreement") for the benefit of the purchasers of the March 2031 Notes. Pursuant to the March 2031 Registration Rights Agreement, the Company is obligated to file a registration statement with the SEC with respect to an offer to exchange the March 2031 Notes for a new issue of debt securities registered under the Securities Act with terms substantially identical to those of the March 2031 Notes (except for provisions relating to transfer restrictions and payment of additional interest) and to use its commercially reasonable efforts to consummate such exchange offer on the earliest practicable date after the registration statement has been declared effective but in no event later than 365 days after the initial issuance of the March 2031 Notes. If the Company fails to satisfy its registration obligations under the March 2031 Registration Rights Agreement, it will be required to pay additional interest to the holders of the March 2031 Notes.

The March 2031 Notes are the Company's direct, general unsecured obligations and rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the March 2031 Notes. The March 2031 Notes rank pari passu, or equal, in right of payment with all of the Company's existing and future indebtedness or other obligations that are not so subordinated, or junior, to the March 2031 Notes. The March 2031 Notes rank effectively subordinated, or junior, to any of the Company's future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The March 2031 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities.

The March 2031 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with Section 18(a)(1)(A) of the 1940 Act, as modified by Section 61(a) of the 1940 Act, for the period of time during which the March 2031 Notes are outstanding, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the March 2031 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the March 2031 Indenture.

In addition, if a change of control repurchase event, as defined in the March 2031 Indenture, occurs prior to maturity, holders of the March 2031 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the March 2031 Notes at a repurchase price equal to 100% of the aggregate principal amount of the March 2031 Notes being repurchased, plus accrued and unpaid interest to, but not including, the repurchase date.

In connection with the issuance of the March 2031 Notes, on January 29, 2024, the Company entered into centrally cleared interest rate swaps. The notional amount of the centrally cleared interest rate swaps was $750.0 million. The Company received fixed

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

rate interest at 6.650% and paid variable rate interest based on SOFR plus 2.902%. The centrally cleared interest rate swaps had a termination date of January 15, 2031. On July 15, 2025, the Company terminated the centrally cleared interest rate swaps and entered into a bilateral interest rate swap with the same notional, fixed rate and termination date as the swaps terminated, and a variable rate interest based on SOFR plus 2.895%. The adjustment to the net carrying value of the March 2031 Notes, offsetting the fair value of the centrally cleared interest rate swaps was capitalized to the March 2031 Notes as of the swap termination date and will amortize to the March 2031 Notes maturity date as a component of interest expense on the Consolidated Statements of Operations. The interest expense related to the March 2031 Notes is equally offset by the proceeds received from the fixed rate leg of the interest rate swaps. The swap adjusted interest expense is included as a component of interest expense on the Company's Consolidated Statements of Operations. As of March 31, 2026, the interest rate swap had a fair value of $2.3 million ($(0.5) million net of the present value of the cash flows of the March 2031 Notes). As of December 31, 2025, the interest rate swap had a fair value of $7.7 million ($(0.5) million net of the present value of the cash flows of the March 2031 Notes). Depending on the nature of the balance at period end, the fair value of the interest rate swap is either included as a component of accrued expenses and other liabilities or prepaid expenses and other assets on the Company's Consolidated Statements of Assets and Liabilities. The change in fair value of the interest rate swaps, including the interest rate swaps through their termination date, is offset by the change in net carrying value of the March 2031 Notes, with the remaining difference included as a component of interest expense on the Company's Consolidated Statements of Operations. For the three months ended March 31, 2026, the Company made periodic payments of $0.9 million.

*Global Medium Term Notes Program*

On April 4, 2025, the Company established a €5.00 billion (or its equivalent in any other currency) global medium term note program (the "GMTN Program"). Under the GMTN Program, the Company may issue unsecured notes ("GMTN Notes") to one or more managers from time to time with such terms, including currency, interest rate and maturity, as agreed by the Company and such manager(s).

GMTN Notes issued under the GMTN Program are subject to and with the benefit of the Agency Agreement, dated April 4, 2025, by and among the Company, Deutsche Bank AG, London Branch as issuing and principal paying agent, a transfer agent and as exchange agent and Deutsche Bank Trust Company Americas as registrar, a paying agent and a transfer agent (the "GMTN Agency Agreement"). Holders of GMTN Notes issued under the GMTN Program shall have the benefit of a deed of covenant, dated April 4, 2025 and made by the Company (the "GMTN Deed of Covenant") and, where applicable, a deed poll, dated April 4, 2025 and made by the Company (the "GMTN Deed Poll").

GMTN Notes issued under the GMTN Program will be in registered form and (i) may be issued to non-"U.S. Persons" (as defined in Regulation S under the Securities Act outside the United States in compliance with Regulation S under the Securities Act, or to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act, (ii) are not and will not be registered under the Securities Act, (iii) may not be offered or sold in the United States or to, or for the account or benefit of, U.S. Persons without registration under, or pursuant to an applicable exemption from, the registration requirements of the Securities Act, and (iv) are to be issued in amount not exceeding an aggregate of €5.00 billion (or its equivalent in other currencies) outstanding at any time.

*EUR 2031 Notes*

On September 11, 2025, the Company issued €500.0 million 4.250% Notes due 2031 (the "EUR 2031 Notes") under the GMTN Program.

The terms of the EUR 2031 Notes are set out in a Pricing Supplement, dated September 9, 2025 (the "EUR 2031 Notes Pricing Supplement") and the EUR 2031 Notes were issued pursuant to a Subscription Agreement (the "EUR 2031 Notes Subscription Agreement"), dated September 9, 2025, by and among the Company, the Adviser and Deutsche Bank AG, London Branch, Goldman Sachs International, HSBC Bank plc, ING Bank N.V., J.P. Morgan Securities plc and Natixis, as active bookrunners, and Banco Santander, S.A., Crédit Agricole Corporate and Investment Bank, NatWest Markets Plc, SMBC Bank International plc and Société Genéralé, as passive bookrunners, and BNP PARIBAS, as co-manager (together the "EUR 2031 Notes Managers").

The EUR 2031 Notes were issued subject to and with the benefit of the GMTN Agency Agreement. Holders of the EUR 2031 Notes have the benefit of the GMTN Deed of Covenant and, where applicable, the GMTN Deed Poll.

The EUR 2031 Notes will mature on January 31, 2031, and may be redeemed at the Company's option as set forth in the EUR 2031 Notes Pricing Supplement. The EUR 2031 Notes bear interest at 4.250% per year, which shall be payable annually in arrears on January 31 in each year, commencing on January 31, 2026, up to and including the maturity date. The EUR 2031 Notes will be the Company's direct, unconditional and unsecured obligations and will rank pari passu, or equal, in right of payment among themselves and equally with all other unsecured obligations of the Company from time to time outstanding.

The EUR 2031 Notes have been admitted to the Official List of the International Stock Exchange.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

In connection with the issuance of the EUR 2031 Notes, on September 11, 2025, the Company entered into a bilateral interest rate swap. The notional amount of the interest rate swaps is €500.0 million. The Company will receive fixed rate interest at 4.250% and pay variable rate interest based on EURIBOR plus 1.93%. The interest rate swaps mature on January 31, 2031. For the three months ended March 31, 2026, the Company made periodic payments of €0.2 million. The interest expense related to the EUR 2031 Notes is equally offset by the proceeds received from the interest rate swaps. The swap adjusted interest expense is included as a component of interest expense on the Company's Consolidated Statements of Operations. As of March 31, 2026, the interest rate swap had a fair value of $(13.7) million ($0.0 million net of the present value of the cash flows of the EUR 2031 Notes). As of December 31, 2025, the interest rate swap had a fair value of $(6.3) million ($0.0 million net of the present value of the cash flows of the EUR 2031 Notes). Depending on the nature of the balance at period end, the fair value of the interest rate swap is either included as a component of accrued expenses and other liabilities or prepaid expenses and other assets on the Company's Consolidated Statements of Assets and Liabilities. The change in fair value of the interest rate swap is offset by the change in net carrying value of the EUR 2031 Notes, with the remaining difference included as a component of interest expense on the Company's Consolidated Statements of Operations.

**Maturity of Debt Obligations**

The table below presents a summary of the Company's contractual payment obligations under credit facilities and notes as of March 31, 2026:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Total** | **Less than 1 year** | **1-3 Years** | **3-5 Years** | **After 5 years** |
| Revolving Credit Facility | $568310 | $— | $— | $568310 | $— |
| SPV Asset Facility I | 238600 |  |  |  | 238600 |
| SPV Asset Facility II | 932000 |  |  | 932000 |  |
| SPV Asset Facility III | 1233500 |  |  | 1233500 |  |
| SPV Asset Facility IV | 240000 |  |  |  | 240000 |
| SPV Asset Facility V | 606250 |  |  | 606250 |  |
| SPV Asset Facility VI | 746000 |  |  |  | 746000 |
| SPV Asset Facility VII | 463319 |  |  | 463319 |  |
| SPV Asset Facility VIII | 587500 |  |  |  | 587500 |
| SPV Asset Facility IX | 230000 |  |  | 230000 |  |
| SPV Asset Facility X | 250000 |  |  |  | 250000 |
| SPV Asset Facility XI | 218000 |  | 218000 |  |  |
| CLO VIII | 375000 |  |  |  | 375000 |
| CLO XI | 260000 |  |  |  | 260000 |
| CLO XV | 312000 |  |  |  | 312000 |
| CLO XVI | 420000 |  |  |  | 420000 |
| CLO XVII | 325000 |  |  |  | 325000 |
| CLO XVIII | 260000 |  |  |  | 260000 |
| CLO XIX | 260000 |  |  |  | 260000 |
| CLO XXII | 737500 |  |  |  | 737500 |
| CLO XXIV | 600000 |  |  |  | 600000 |
| September 2026 Notes | 350000 | 350000 |  |  |  |
| February 2027 Notes | 500000 | 500000 |  |  |  |
| September 2027 Notes | 600000 |  | 600000 |  |  |
| AUD 2027 Notes | 301816 |  | 301816 |  |  |
| May 2028 Notes | 500000 |  | 500000 |  |  |
| June 2028 Notes | 650000 |  | 650000 |  |  |
| January 2029 Notes | 550000 |  | 550000 |  |  |
| September 2029 Notes | 900000 |  |  | 900000 |  |
| March 2030 Notes | 1000000 |  |  | 1000000 |  |
| EUR 2031 Notes | 576212 |  |  | 576212 |  |
| March 2031 Notes | 750000 |  |  | 750000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Contractual Obligations** | $16541007 | $850000 | $2819816 | $7259591 | $5611600 |

---

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

**Note 6. Fair Value of Financial Instruments**

*Investments*

The following tables present the fair value hierarchy of cash, investments, and derivatives as of the following periods:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Fair Value Hierarchy as of March 31, 2026** | **Fair Value Hierarchy as of March 31, 2026** | **Fair Value Hierarchy as of March 31, 2026** | **Fair Value Hierarchy as of March 31, 2026** |
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Cash (including restricted and foreign cash) | $739910 | $— | $— | $739910 |
| ***Investments:*** |  |  |  |  |
| First-lien senior secured debt investments |  | 3248710 | 27737177 | 30985887 |
| Second-lien senior secured debt investments |  | 321954 | 1020719 | 1342673 |
| Unsecured debt investments |  |  | 439084 | 439084 |
| Specialty finance debt investments |  |  | 136796 | 136796 |
| Preferred equity investments |  |  | 506595 | 506595 |
| Specialty finance equity investments |  |  | 441545 | 441545 |
| Common equity investments |  | 3417 | 305124 | 308541 |
| &nbsp;&nbsp;**Subtotal** | $— | $3574081 | $30587040 | $34161121 |
| Investments measured at NAV<sup>(1)</sup> |  |  |  | 1339329 |
| &nbsp;&nbsp;**Total investments at fair value** | $— | $3574081 | $30587040 | $35500450 |
| ***Derivatives:*** |  |  |  |  |
| Derivative assets | $— | $733 | $— | $733 |
| Derivative liabilities  | $— | $17125 | $— | $17125 |

---

<sup>(1)</sup> Includes but not limited to equity investments in OCIC SLF, Credit SLF, BOCSO, LSI Financing LLC, and Blue Owl Leasing, which are measured at fair value using the net asset value per share (or its equivalent) practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Fair Value Hierarchy as of December 31, 2025** | **Fair Value Hierarchy as of December 31, 2025** | **Fair Value Hierarchy as of December 31, 2025** | **Fair Value Hierarchy as of December 31, 2025** |
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Cash (including restricted and foreign cash) | $736554 | $— | $— | $736554 |
| ***Investments:*** |  |  |  |  |
| First-lien senior secured debt investments | $— | $4068098 | $27529166 | $31597264 |
| Second-lien senior secured debt investments |  | 394837 | 1105661 | 1500498 |
| Unsecured debt investments |  |  | 479850 | 479850 |
| Specialty finance debt investments |  |  | 134800 | 134800 |
| Preferred equity investments |  |  | 496312 | 496312 |
| Common equity investments |  | 5734 | 291027 | 296761 |
| Specialty finance equity investments |  |  | 442727 | 442727 |
| &nbsp;&nbsp;**Subtotal** | $— | $4468669 | $30479543 | $34948212 |
| Investments measured at NAV<sup>(1)</sup> |  |  |  | 970736 |
| &nbsp;&nbsp;**Total investments at fair value** | $— | $4468669 | $30479543 | $35918948 |
| ***Derivatives:*** |  |  |  |  |
| Derivative assets | $— | $26582 | $— | $26582 |
| Derivative liabilities  | $— | $2060 | $— | $2060 |

---

<sup>(1)</sup> Includes equity investments in OCIC SLF, Credit SLF, BOCSO, LSI Financing LLC and Blue Owl Leasing, which are measured at fair value using the net asset value per share (or its equivalent) practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities.

The following tables present changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the following periods:

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **As of and for the Three Months Ended March 31, 2026** | **As of and for the Three Months Ended March 31, 2026** | **As of and for the Three Months Ended March 31, 2026** | **As of and for the Three Months Ended March 31, 2026** | **As of and for the Three Months Ended March 31, 2026** | **As of and for the Three Months Ended March 31, 2026** | **As of and for the Three Months Ended March 31, 2026** | **As of and for the Three Months Ended March 31, 2026** |
| | **Debt Investments** | **Debt Investments** | **Debt Investments** | **Debt Investments** | **Equity Investments** | **Equity Investments** | | |
| | **First-lien senior secured** | **Second-lien senior secured** | **Unsecured** | **Specialty finance** | **Preferred** | **Common** | **Specialty finance** | **Total** |
| Fair value, beginning of period | $27529166 | $1105661 | $479850 | $134800 | $496312 | $291027 | $442727 | $30479543 |
| Purchases of investments, net | 1713080 |  |  |  | 9879 | 32890 | 2339 | 1758188 |
| Payment-in-kind | 20487 | 3864 | 8213 | 2241 | 8703 | 33 |  | 43541 |
| Proceeds from investments, net | (1224478) |  | (42371) | (245) | (2232) | (1142) |  | (1270468) |
| Net change in unrealized gain (loss) | (223599) | (21475) | (10502) |  | 1736 | (15210) | (3521) | (272571) |
| Net realized gains (losses) | (7714) |  | 3692 |  | (8067) | (2824) |  | (14913) |
| Net amortization/accretion of discount/premium on investments | 21065 | 275 | 202 |  | 264 |  |  | 21806 |
| Transfers into (out of) Level 3<sup>(1)</sup> | (90830) | (67606) |  |  |  | 350 |  | (158086) |
| &nbsp;&nbsp;**Fair Value, End of Period** | $27737177 | $1020719 | $439084 | $136796 | $506595 | $305124 | $441545 | $30587040 |

---

<sup>(1)</sup> Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the three months ended March 31, 2026, transfers into (out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **As of and for the Three Months Ended March 31, 2025** | **As of and for the Three Months Ended March 31, 2025** | **As of and for the Three Months Ended March 31, 2025** | **As of and for the Three Months Ended March 31, 2025** | **As of and for the Three Months Ended March 31, 2025** | **As of and for the Three Months Ended March 31, 2025** | **As of and for the Three Months Ended March 31, 2025** | **As of and for the Three Months Ended March 31, 2025** |
| | **Debt Investments** | **Debt Investments** | **Debt Investments** | **Debt Investments** | **Equity Investments** | **Equity Investments** | **Equity Investments** | **Equity Investments** |
| | **First-lien senior secured** | **Second-lien senior secured** | **Unsecured** | **Specialty finance** | **Preferred** | **Common** | **Specialty finance** | **Total** |
| Fair value, beginning of period | $19332178 | $451426 | $366496 | $90736 | $359901 | $206420 | $291656 | $21098813 |
| Purchases of investments, net | 2885586 | 19901 |  | 13526 | 85419 | 10841 | 21210 | 3036483 |
| Payment-in-kind | 13840 | 2268 | 10725 | 305 | 8079 | 31 |  | 35248 |
| Proceeds from investments, net | (487004) | (7600) | (369) |  | (27777) | (13) | (1327) | (524090) |
| Net change in unrealized gain (loss) | 44804 | 2159 | 12045 | (305) | 1062 | (156) | 10223 | 69832 |
| Net realized gains (losses) | (42129) | (11345) | (5866) |  | 275 |  |  | (59065) |
| Net amortization of discount on investments | 18707 | 198 | 557 |  | 628 |  |  | 20090 |
| Transfers between investment types | (5543) |  |  |  | 3817 | 1726 |  |  |
| Transfers into (out of) Level 3<sup>(1)</sup> | (131882) | 59547 |  |  |  | (4056) |  | (76391) |
| **Fair Value, End of Period** | $21628557 | $516554 | $383588 | $104262 | $431404 | $214793 | $321762 | $23600920 |

---

<sup>(1)</sup> Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the three months ended March 31, 2025, transfers into (out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The below tables present information with respect to the net change in unrealized gains (losses) on investments for which Level 3 inputs were used in determining the fair value that are still held by the Company for the following periods:

---

| | | |
|:---|:---|:---|
| | **Net Change in Unrealized Gain (Loss) for the Three Months Ended March 31, 2026 on Investments Held at March 31, 2026** | **Net Change in Unrealized Gain (Loss) for the Three Months Ended March 31, 2025 on Investments Held at March 31, 2025** |
| First-lien senior secured debt investments | $(222699) | $1547 |
| Second-lien senior secured debt investments | (21475) | (6333) |
| Unsecured debt investments | (10502) | 12045 |
| Specialty finance debt investments |  | (305) |
| Preferred equity investments | (8837) | 1062 |
| Common equity investments | (15270) | (157) |
| Specialty finance equity investments | (3521) | 10222 |
| &nbsp;&nbsp;**Total Investments** | $(282304) | $18081 |

---

The following tables present quantitative information about the significant unobservable inputs of the Company's Level 3 investments as of March 31, 2026 and December 31, 2025. The weighted average range of unobservable inputs is based on fair value of investments. The tables are not intended to be all-inclusive, but instead capture the significant unobservable inputs relevant to the Company's determination of fair value.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |  |
| | **Fair Value** | | **Valuation Technique** | | **Unobservable Input** | | **Range (Weighted Average)** | | **Impact to Valuation from an Increase in Input** |  |
| First-lien senior secured debt investments | $26852470 |  | Yield Analysis |  | Market Yield |  | 7.0% - 37.3% (9.4%) |  | Decrease |  |
| First-lien senior secured debt investments | 807207 |  | Recent Transaction |  | Transaction Price |  | 89.8% - 99.8% (99.5%) |  | Increase |  |
| First-lien senior secured debt investments | 77500 |  | Collateral Analysis |  | Recovery Rate |  | 3.0% - 100.0% (57.6%) |  | Increase |  |
| Second-lien senior secured debt investments | $1020719 |  | Yield Analysis |  | Market Yield |  | 9.9% - 45.0% (13.5%) |  | Decrease |  |
| Unsecured debt investments | $366443 |  | Yield Analysis |  | Market Yield |  | 5.5% - 18.7% (13.2%) |  | Decrease |  |
| Unsecured debt investments | 36 |  | Market Approach |  | EBITDA Multiple |  | 12.0x |  | Increase |  |
| Unsecured debt investments | Specialty finance debt investments | $136796 |  | Yield Analysis |  | Market Yield |  | 12.2% |  | Decrease |
| Preferred equity investments | $455310 |  | Yield Analysis |  | Market Yield |  | 12.8% - 43.6% (17.0%) |  | Decrease |  |
| Preferred equity investments | 39679 |  | Recent Transaction |  | Transaction Price |  | 111.1% - 289.9% (224.6%) |  | Increase |  |
| Preferred equity investments | 11606 |  | Market Approach |  | Revenue Multiple |  | 13.2x - 21.0x (20.1x) |  | Increase |  |
| Preferred equity investments | Common equity investments | $29757 |  | Recent Transaction |  | Transaction Price |  | 100.0% |  | Increase |
| 155677 | Common equity investments |  | Market Approach |  | EBITDA Multiple |  | 7.0x - 21.5x (14.2x) |  | Increase |  |
| 653 | Common equity investments |  | Option Pricing Model |  | Volatility |  | 70.0% |  | Increase |  |
| 51766 | Common equity investments |  | Market Approach |  | Revenue Multiple |  | 3.9x - 21.0x (7.5x) |  | Increase |  |
| 1703 | Common equity investments |  | Yield Analysis |  | Market Yield |  | 8.4% |  | Decrease |  |
| 16504 | Common equity investments |  | Market Approach |  | Market Adjustment Factor |  | (3.2)% |  | Increase |  |
| 49058 | Common equity investments |  | Market Approach |  | Recovery Rate |  | 0.0% - 99.0% (99.0%) |  | Increase |  |
| 6 | Common equity investments |  | Market Approach |  | Gross Profit Multiple |  | 7.0x |  | Increase |  |
| Specialty finance equity investments | Common equity investments | $355988 |  | Market Approach |  | AUM Multiple |  | 1.0x - 1.3x (1.0x) |  | Increase |
| Specialty finance equity investments | 79421 |  | Market Approach |  | N/A<sup>(1)</sup> |  | N/A |  | Increase |  |
| Specialty finance equity investments | 4167 |  | Yield Analysis |  | Market Yield |  | 11.8% |  | Decrease |  |
| Specialty finance equity investments | 1969 |  | Discounted Cash Flow Analysis |  | Discount Rate |  | 20.0% |  | Decrease |  |

---

<sup>(1)</sup> Fair value based on a weighting of the appraised value of the portfolio company's underlying assets and their cost.

<sup>(2)</sup> Excludes $72.6 million of unsecured level 3 investments valued based on indicative quotes.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** |
| | **Fair Value** | **Valuation Technique** | **Unobservable Input** | **Range (Weighted Average)** | **Impact to Valuation from an Increase in Input** |
| First-lien senior secured debt investments | $23991494 | Yield Analysis | Market Yield | 6.0% - 86.4% (9.2%) | Decrease |
| First-lien senior secured debt investments | 3434307 | Recent Transaction | Transaction Price | 95.0% - 100.0% (99.4%) | Increase |
| First-lien senior secured debt investments | 103365 | Collateral Analysis | Recovery Rate | 0.0% - 107.2% (77.7%) | Increase |
| Second-lien senior secured debt investments | $1105661 | Yield Analysis | Market Yield | 8.4% - 62.4% (13.5%) | Decrease |
| Unsecured debt investments<sup>(2)</sup> | $404796 | Yield Analysis | Market Yield | 5.5% - 17.6% (12.2%) | Decrease |
| Unsecured debt investments<sup>(2)</sup> | 35 | Market Approach | EBITDA Multiple | 12.0x | Increase |
| Specialty finance debt investments | $134800 | Yield Analysis | Market Yield | 11.6% | Decrease |
| Preferred equity investments | $472395 | Yield Analysis | Market Yield | 11.6% - 35.3% (14.8%) | Decrease |
| Preferred equity investments | 21728 | Market Approach | EBITDA Multiple | 128.9x | Increase |
| Preferred equity investments | 2189 | Market Approach | Revenue Multiple | 11.3x - 14.8x (13.1x) | Increase |
| Common equity investments | $70440 | Recent Transaction | Transaction Price | 100.0% | Increase |
| Common equity investments | 154563 | Market Approach | EBITDA Multiple | 8.8x - 25.5x (14.6x) | Increase |
| Common equity investments | 49366 | Market Approach | Revenue Multiple | 6.3x - 13.0x (10.3x) | Increase |
| Common equity investments | 518 | Option Pricing Model | Volatility | 70.0% | Increase |
| Common equity investments | 1666 | Yield Analysis | Market Yield | 8.5% | Decrease |
| Common equity investments | 14465 | Market Approach | Market Adjustment Factor | (0.0)% | Increase |
| Common equity investments | 9 | Market Approach | Gross Profit Multiple | 9.0x | Increase |
| Specialty finance equity investments | $355116 | Market Approach | AUM Multiple | 1.1x - 1.3x (1.1x) | Increase |
| Specialty finance equity investments | 81369 | Market Approach | N/A<sup>(1)</sup> | N/A | Increase |
| Specialty finance equity investments | 4105 | Yield Analysis | Market Yield | 11.5% | Decrease |
| Specialty finance equity investments | 2137 | Discounted Cash Flow Analysis | Discount Rate | 20.0% | Decrease |

---

______________

<sup>(1)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Fair value based on a weighting of the appraised value of the portfolio company's underlying assets and their cost.

<sup>(2)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Excludes $75.0 million of unsecured level 3 investments valued based on indicative quotes.

The Adviser, as valuation designee, typically determines the fair value of the Company's performing Level 3 debt investments utilizing a yield analysis. In a yield analysis, a price is ascribed for each investment based upon an assessment of current and expected market yields for similar investments and risk profiles. Additional consideration is given to the expected life, portfolio company performance since close, and other terms and risks associated with an investment. Among other factors, a determinant of risk is the amount of leverage used by the portfolio company relative to its total enterprise value, and the rights and remedies of the Company's investment within the portfolio company's capital structure.

When the debtor is not performing or when there is insufficient value to cover the investment, the Company may utilize a net recovery approach to determine the fair value of debt investments in subject companies. A net recovery analysis typically consists of two steps. First, the total enterprise value for the subject company is estimated using standard valuation approaches, most commonly the market approach. Second, the fair value for each investment in the subject company is then estimated by allocating the subject company's total enterprise value to the outstanding securities in the capital structure based upon various factors, including seniority, preferences, and other features if deemed relevant to each security in the capital structure.

Significant unobservable quantitative inputs typically used in the fair value measurement of the Company's Level 3 debt investments primarily include current market yields, including relevant market indices, but may also include quotes from brokers, dealers, and pricing services as indicated by comparable investments. For the Company's Level 3 equity investments, a market approach, based on comparable financial performance multiples such as publicly-traded company and comparable market transaction multiples of revenues, earnings before income taxes, depreciation and amortization ("EBITDA"), or some combination thereof and comparable market transactions typically would be used.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

*Debt Not Carried at Fair Value*

Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company's marketplace credit ratings, or market quotes, if available. The following table presents the carrying and fair values of the Company's debt obligations as of the following periods:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| | **Net Carrying Value**<sup>(1)</sup> | **Unamortized Debt Issuance (Costs) Premium** | **Fair Value** | **Net Carrying Value**<sup>(1)</sup> | **Unamortized Debt Issuance (Costs) Premium** | **Fair Value** |
| Revolving Credit Facility<sup>(2)</sup> | $549058 | $(19252) | $549058 | $974827 | $(20441) | $974827 |
| SPV Asset Facility I | 231425 | (7175) | 231425 | 231254 | (7346) | 231254 |
| SPV Asset Facility II | 914974 | (17026) | 914974 | 913938 | (18062) | 913938 |
| SPV Asset Facility III | 1217810 | (15690) | 1217810 | 1216901 | (16599) | 1216901 |
| SPV Asset Facility IV | 234829 | (5171) | 234829 | 169686 | (5314) | 169686 |
| SPV Asset Facility V | 601254 | (4996) | 601254 | 600906 | (5344) | 600906 |
| SPV Asset Facility VI | 735012 | (10988) | 735012 | 633677 | (12323) | 633677 |
| SPV Asset Facility VII<sup>(2)</sup> | 460862 | (2457) | 460862 | 460935 | (2650) | 460935 |
| SPV Asset Facility VIII | 582338 | (5162) | 582338 | 582207 | (5293) | 582207 |
| SPV Asset Facility IX | 227465 | (2535) | 227465 | 227307 | (2693) | 227307 |
| SPV Asset Facility X | 245221 | (4779) | 245221 | (5206) | (5206) | (5206) |
| SPV Asset Facility XI | 215180 | (2820) | 215180 |  |  |  |
| CLO VIII | 372835 | (2165) | 372835 | 372787 | (2213) | 372787 |
| CLO XI | 258536 | (1464) | 258536 | 258534 | (1466) | 258534 |
| CLO XV | 309557 | (2443) | 309557 | 309496 | (2504) | 309496 |
| CLO XVI | 417626 | (2374) | 417626 | 417568 | (2432) | 417568 |
| CLO XVII | 322485 | (2515) | 322485 | 322425 | (2575) | 322425 |
| CLO XVIII | 258341 | (1659) | 258341 | 258301 | (1699) | 258301 |
| CLO XIX | 258193 | (1807) | 258193 | 258224 | (1776) | 258224 |
| CLO XXII | 734472 | (3028) | 734472 | 734262 | (3238) | 734262 |
| CLO XXIV | 598187 | (1813) | 598187 |  |  |  |
| September 2026 Notes | 349195 | (805) | 345625 | 348781 | (1219) | 345625 |
| February 2027 Notes | 498609 | (1391) | 495000 | 498217 | (1783) | 498750 |
| September 2027 Notes | 599155 | 2808 | 609000 | 602558 | 3252 | 624000 |
| AUD 2027 Notes<sup>(2)</sup> | 305128 | (1560) | 297289 | 297500 | (1801) | 300771 |
| May 2028 Notes | 494580 | (5911) | 492500 | 497070 | (6572) | 507500 |
| June 2028 Notes | 650802 | 4747 | 666250 | 655313 | 5232 | 687375 |
| January 2029 Notes | 547486 | 117 | 562375 | 551308 | (8860) | 581625 |
| September 2029 Notes | 909618 | (6456) | 895500 | 916757 | (6878) | 924750 |
| March 2030 Notes | 965528 | (16896) | 965000 | 970380 | (17838) | 997500 |
| EUR 2031 Notes<sup>(2)</sup> | 553870 | (8690) | 535877 | 571783 | (9107) | 568133 |
| March 2031 Notes | 738375 | (14964) | 740625 | 742633 | (15595) | 772500 |
| &nbsp;&nbsp;**Total Debt** | $16358006 | $(166320) | $16350701 | $15590329 | $(180343) | $15746558 |

---

<sup>(1)</sup> Inclusive of change in fair market value of effective hedge.

<sup>(2)</sup> Includes unrealized gain (loss) on translation of borrowings denominated in foreign currencies.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The below table presents fair value measurements of the Company's debt obligations as of the following periods if debt was measured at fair value:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Level 1 | $— | $— |
| Level 2 | 6605041 | 6808529 |
| Level 3 | 9745660 | 8938029 |
| &nbsp;&nbsp;**Total Debt** | $**16350701** | $**15746558** |

---

*Financial Instruments Not Carried at Fair Value*

As of March 31, 2026 and December 31, 2025, the carrying amounts of the Company's other assets and liabilities approximate fair value due to their short maturities. These financial instruments would be categorized as Level 3 within the hierarchy.

**Note 7. Derivative Instruments**

The Company enters into derivative instruments from time to time to help mitigate its foreign currency and interest rate risk exposures. See *"Note 6 — Fair Value of Investments"* for additional disclosures related to the fair value hierarchy for derivative instruments.

The table below presents the fair value and notional value of the derivative assets and liabilities for the following periods:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** |
| |<br>**Counterparty** | **Notional Amount** | **Assets** | **Liabilities** | **Notional Amount** | **Assets** | **Liabilities** |
| ***Derivatives designated as hedges:*** | ***Derivatives designated as hedges:*** | | | | | | |
| Interest Rate Swap September 2027 Notes | Goldman Sachs Bank USA | $600000 | $— | $(3791) | $600000 | $— | $(768) |
| Interest Rate Swap AUD 2027 Notes | Goldman Sachs Bank USA | 450000 | 4613 | (688) | 450000 |  | (2133) |
| Interest Rate Swap May 2028 Notes | Deutsche Bank AG | 500000 | 514 |  | 500000 | 3936 |  |
| Interest Rate Swap June 2028 Notes | US Bank National Association | 650000 |  | (4021) | 650000 | 70 |  |
| Interest Rate Swap January 2029 Notes | Goldman Sachs Bank USA | 550000 |  | (2639) | 550000 | 10005 |  |
| Interest Rate Swap March 2030 Notes | Goldman Sachs Bank USA | 1000000 |  | (17648) | 1000000 |  | (11766) |
| Interest Rate Swap March 2031 Notes | Deutsche Bank AG | 750000 | 2340 |  | 750000 | 7717 |  |
| Interest Rate Swap September 2029 Notes | Goldman Sachs Bank USA | 900000 | 16446 |  | 900000 | 23947 |  |
| Interest Rate Swap EUR 2031 Notes | Deutsche Bank AG | 500000 |  | (13652) | 500000 |  | (6328) |
| &nbsp;&nbsp;**Total derivatives designated as hedges**<sup>(1)(2)</sup> | &nbsp;&nbsp;**Total derivatives designated as hedges**<sup>(1)(2)</sup> |  | $23913 | $(42439) |  | $45675 | $(20995) |
| ***Derivatives not designated as hedges:*** | ***Derivatives not designated as hedges:*** |  |  |  |  |  |  |
| Foreign currency forward contract GBP | Royal Bank of Canada | £45425 | $60819 | $(60086) | £45425 | $60102 | $(61205) |
| Foreign currency forward contract CAD | US Bank National Association | 286242 | 208508 | (207346) |  |  |  |
| Foreign currency forward contract EUR | US Bank National Association | 58000 | 66951 | (66714) | 58000 | 68219 | (67274) |
| &nbsp;&nbsp;**Total derivatives not designated as hedges** | &nbsp;&nbsp;**Total derivatives not designated as hedges** |  | $336278 | $(334146) |  | $128321 | $(128479) |

---

<sup>(1)</sup> The net fair value of the derivatives designated as hedges is recorded as an asset or liability in the Consolidated Statements of Assets and Liabilities.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

<sup>(2)</sup> The Company's unsecured notes, that are designated in a qualifying hedging relationship, had carrying value of $5.8 billion and $5.8 billion, net of the related cumulative hedging adjustments that represented an increase (decrease) to the carrying value of the notes of $(16.7) million and $25.5 million as of March 31, 2026 and December 31, 2025, respectively.

The tables below present net unrealized gains and losses on effective interest rate swaps and hedged items included in interest expense for the following periods:

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** |
| | **Change in Unrealized Gain (Loss) on:** | **Change in Unrealized Gain (Loss) on:** | |
| | **Interest Rate Swaps** | **Hedged Items** |<br>**Net** |
| **Investment related gains/(losses)** | | | |
| ***Derivatives designated as hedges:*** | | | |
| Interest Rate Swap September 2027 Notes | $(3023) | $2959 | $(64) |
| Interest Rate Swap AUD 2027 Notes | 6058 | (6342) | (284) |
| Interest Rate Swap May 2028 Notes | (3422) | 3151 | (271) |
| Interest Rate Swap June 2028 Notes | (4091) | 4026 | (65) |
| Interest Rate Swap January 2029 Notes | (2571) | 3917 | 1346 |
| Interest Rate Swap March 2030 Notes | (5882) | 5794 | (88) |
| Interest Rate Swap March 2031 Notes | (5377) | 4889 | (488) |
| Interest Rate Swap September 2029 Notes | (7501) | 7561 | 60 |
| Interest Rate Swap EUR 2031 Notes | (7324) | 7324 |  |
| &nbsp;&nbsp;**Net Change in Unrealized Gain (Loss) on Interest Rate Swaps and Hedged Items**<sup>(1)</sup> | &nbsp;&nbsp;**Net Change in Unrealized Gain (Loss) on Interest Rate Swaps and Hedged Items**<sup>(1)</sup> |  | $146 |

---

<sup>(1)</sup> Recorded and recognized as components of interest expense in the Consolidated Statements of Operations with the exception of the net change in unrealized gain (loss) of $(348) thousand related to the impact of foreign exchange on the AUD 2027 Notes hedge, which is recorded and recognized as a component of net change in unrealized gain (loss) on the translation of assets and liabilities in foreign currencies in the Consolidated Statements of Operations.

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** |
| | **Change in Unrealized (Gain) Loss on:** | **Change in Unrealized (Gain) Loss on:** | |
| | **Interest Rate Swaps** | **Hedged Items** |<br>**Net** |
| **Investment related (gains)/losses** | | | |
| ***Derivatives designated as hedges:*** | | | |
| Interest Rate Swap September 2027 Notes | $5442 | $(5000) | $442 |
| Interest Rate Swap AUD 2027 Notes | 3550 | (3683) | (133) |
| Interest Rate Swap June 2028 Notes | 7390 | (7477) | (87) |
| Interest Rate Swap January 2029 Notes | 6980 | (7101) | (121) |
| Interest Rate Swap March 2030 Notes | 20204 | (14169) | 6035 |
| Interest Rate Swap March 2031 Notes | 14887 | (13020) | 1867 |
| Interest Rate Swap September 2029 Notes | 14886 | (15048) | (162) |
| &nbsp;&nbsp;**Net Change in Unrealized Gain (Loss) on Interest Rate Swaps and Hedged Items**<sup>(1)</sup> | &nbsp;&nbsp;**Net Change in Unrealized Gain (Loss) on Interest Rate Swaps and Hedged Items**<sup>(1)</sup> |  | $7841 |

---

<sup>(1)</sup> Recorded and recognized as components of interest expense in the Consolidated Statements of Operations with the exception of the net change in unrealized gain (loss) of $(213) thousand related to the impact of foreign exchange on the AUD 2027 Notes hedge, which is recorded and recognized as a component of net change in unrealized gain (loss) on the translation of assets and liabilities in foreign currencies in the Consolidated Statements of Operations.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The table below presents net unrealized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recognized by the Company for the following periods:

---

| | |
|:---|:---|
| | **For the Three Months Ended March 31, 2026** |
| ***Derivatives not designated as hedges:*** | |
| Foreign currency forward contract GBP | $1839 |
| Foreign currency forward contract EUR | (708) |
| Foreign currency forward contract CAD | 1162 |
| &nbsp;&nbsp;**Total Net Unrealized Gain (Loss)**<sup>(1)</sup> | $2293 |

---

<sup>(1)</sup> Recorded and recognized as components of translation of assets and liabilities in foreign currencies and other transactions in the Consolidated Statements of Operations.

For the three months ended March 31, 2026, the Company recognized a realized loss of $1.4 million, primarily related to the foreign currency forward contracts held with US Bank National Association. The Company did not hold any foreign currency forward contracts for the three months ended March 31, 2025.

**Note 8. Commitments and Contingencies**

*Portfolio Company Commitments*

From time to time, the Company may enter into commitments to fund investments in the form of revolving credit, delayed draw, or equity commitments, which require the Company to provide funding when requested by portfolio companies in accordance with underlying loan agreements. The Company had the following outstanding unfunded commitments as of the following periods:

---

| | | |
|:---|:---|:---|
| | **As of March 31, 2026** | **As of December 31, 2025** |
| Revolving loan commitments | $2251823 | $2252294 |
| Delayed draw loan commitments | 2726734 | 2834971 |
| **Debt commitments** | $4978557 | $5087265 |
| Specialty finance equity commitments | $433434 | $193834 |
| Common equity commitments | 19930 | 20548 |
| **Equity commitments** | $453364 | $214382 |
| &nbsp;&nbsp;**Total Unfunded Commitments** | $5431921 | $5301647 |

---

As of March 31, 2026, the Company believed it had adequate financial resources to satisfy the unfunded portfolio company commitments.

*Organizational and Offering Costs*

The Adviser has incurred organization and offering costs on behalf of the Company in the amount of $3.8 million for the period from April 22, 2020 (Inception) to March 31, 2026, of which $3.8 million has been charged to the Company pursuant to the Investment Advisory Agreement. Under the Investment Advisory Agreement and Administration Agreement, the Adviser is entitled to receive up to 1.5% of gross offering proceeds raised in the Company's continuous public offering until all organization and offering costs paid by the Adviser have been recovered. The Adviser is responsible for the payment of the Company's organization and offering expenses to the extent that these expenses exceed 1.5% of the aggregate gross offering proceeds, without recourse against or reimbursement by the Company.

*Other Commitments and Contingencies*

From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of March 31, 2026, the Company was not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

**Note 9. Net Assets**

*Authorized Capital and Share Class Description*

In connection with its formation, the Company has the authority to issue the following shares:

---

| | | |
|:---|:---|:---|
| **Classification** | **Number of Shares** <br>*(in thousands)* | **Par Value** |
| Class S Shares | 1500000 | $0.01 |
| Class D Shares | 1000000 | $0.01 |
| Class I Shares | 2000000 | $0.01 |
| Total | **4500000** |  |

---

The Company's Class S shares are subject to upfront selling commissions of up to 3.50% of the offering price. Pursuant to a distribution plan adopted by the Company in compliance with Rules 12b-1 and 17d-3 under the 1940 Act, as if those rules applied to the Company, the Company's Class S shares are subject to annual ongoing services fees of 0.85% of the current net asset value of such shares, as determined in accordance with FINRA rules.

The Company's Class D shares are subject to upfront selling commissions of up to 1.50% of the offering price. Pursuant to a distribution plan adopted by the Company in compliance with Rules 12b-1 and 17d-3 under the 1940 Act, as if those rules applied to the Company, the Company's Class D shares are subject to annual ongoing services fees of 0.25% of the current net asset value of such shares, as determined in accordance with FINRA rules.

The Company's Class I shares are not subject to upfront selling commissions. The Company's Class I shares are not subject to annual ongoing servicing fees.

*Share Issuances*

On September 30, 2020, the Company issued 100 Class I common shares for $1.0 thousand to the Adviser.

On November 12, 2020, the Company issued 700,000 Class I common shares for $7.0 million to an entity affiliated with the Adviser, and met the minimum offering requirement for the Company's continuous public offering of $2.5 million.

On June 25, 2024, the Company filed Articles of Amendment with the State Department of Assessments and Taxation of Maryland for the purpose of amending the Company's Second Articles of Amendment and Restatement to increase the number of authorized shares of the Company's common stock, $0.01 par value per share, and preferred stock, $0.01 par value per share, to 4,500,000,000 Shares, consisting of 1,500,000,000 Class S Shares, 1,000,000,000 Class D Shares, 2,000,000,000 Class I Shares, and no shares of preferred stock. The Articles of Amendment became immediately effective upon filing.

The following table summarizes transactions with respect to shares of the Company's common stock during the following periods:

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** |
| | **S** | **S** | **D** | **D** | **I** | **I** | **Total** | **Total** |
| | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** |
| Shares/gross proceeds from the continuous public offering | 17186533 | $160803 | 484852 | $4495 | 46158273 | $506932 | 63829658 | $672230 |
| Shares/gross proceeds from the private placements |  |  |  |  | 8484254 |  | 8484254 |  |
| Share transfer between classes | (3017228) | (28011) | (6355) | (58) | 3016296 | 28069 | (7287) |  |
| Reinvestment of distributions | 7226845 | 66700 | 438807 | 4055 | 13817236 | 127870 | 21482888 | 198625 |
| Repurchased shares | (21371701) | (194086) | (4893111) | (44477) | (79537341) | (724544) | (105802153) | (963107) |
| Total shares/gross proceeds | 24449 | 5406 | (3975807) | (35985) | (8061282) | (61673) | (12012640) | (92252) |
| Sales load |  | (1827) |  |  |  |  |  | (1827) |
| &nbsp;&nbsp;**Total Shares/Net Proceeds** | 24449 | $3579 | (3975807) | $(35985) | (8061282) | $(61673) | (12012640) | $(94079) |

---

<sup>(1)</sup> In certain cases, and subject to Blue Owl Securities LLC's (d/b/a Blue Owl Securities) (the "Dealer Manager") approval, including in situations where a holder of Class S or Class D shares exits a relationship with a participating broker-dealer for this offering and does not enter into a new relationship with a participating broker-dealer for this offering, such holder's shares may be exchanged into an equivalent net asset value amount of Class I shares.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** |
| | **S** | **S** | **D** | **D** | **I** | **I** | **Total** | **Total** |
| | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** |
| Shares/gross proceeds from the continuous public offering | 56793287 | $545712 | 5939949 | $57107 | 104898800 | $1002790 | 167632036 | $1605609 |
| Shares/gross proceeds from the private placements |  |  |  |  | 34115615 | 325637 | 34115615 | 325637 |
| Share transfer between classes<sup>(1)</sup> | (2370300) | (22590) | 2733 | 24 | 2360148 | 22566 | (7419) |  |
| Reinvestment of distributions | 5831531 | 55580 | 426487 | 4069 | 11063342 | 105776 | 17321360 | 165425 |
| Repurchased shares | (5655204) | (53498) | (201862) | (1912) | (15652202) | (148539) | (21509268) | (203949) |
| Total shares/gross proceeds | 54599314 | 525204 | 6167307 | 59288 | 136785703 | 1308230 | 197552324 | 1892722 |
| Sales load |  | (4574) |  | (430) |  |  |  | (5004) |
| &nbsp;&nbsp;**Total Shares/Net Proceeds** | 54599314 | $520630 | 6167307 | $58858 | 136785703 | $1308230 | 197552324 | $1887718 |

---

<sup>(1)</sup> In certain cases, and subject to Blue Owl Securities LLC's (d/b/a Blue Owl Securities) (the "Dealer Manager") approval, including in situations where a holder of Class S or Class D shares exits a relationship with a participating broker-dealer for this offering and does not enter into a new relationship with a participating broker-dealer for this offering, such holder's shares may be exchanged into an equivalent net asset value amount of Class I shares.

In accordance with the Company's share pricing policy, the Company will modify its public offering prices to the extent necessary to comply with the requirements of the 1940 Act, including the requirement that it not sell shares at a net offering price below the net asset value per share unless the Company obtains the requisite approval from its shareholders.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

The changes to the Company's offering price per share for the three months ended March 31, 2026 and 2025 were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **S** | **S** | **S** | **S** |
| **Effective Date** | **Net Offering Price <br>(per share)** | **Maximum Upfront Sales Load <br>(per share)** | **Maximum Offering Price <br>(per share)** |
| January 1, 2025 | $9.54 | $0.33 | $9.87 |
| February 1, 2025 | 9.54 | 0.33 | 9.87 |
| March 1, 2025 | 9.51 | 0.33 | 9.84 |
| January 1, 2026 | 9.32 | 0.33 | 9.65 |
| February 1, 2026 | 9.25 | 0.32 | 9.57 |
| March 1, 2026 | 9.11 | 0.32 | 9.43 |

---

---

| | | | |
|:---|:---|:---|:---|
| **D** | **D** | **D** | **D** |
| **Effective Date** | **Net Offering Price <br>(per share)** | **Maximum Upfront Sales Load <br>(per share)** | **Maximum Offering Price <br>(per share)** |
| January 1, 2025 | $9.55 | $0.14 | $9.69 |
| February 1, 2025 | 9.55 | 0.14 | 9.69 |
| March 1, 2025 | 9.52 | 0.14 | 9.66 |
| January 1, 2026 | 9.33 | 0.14 | 9.47 |
| February 1, 2026 | 9.26 | 0.14 | 9.40 |
| March 1, 2026 | 9.12 | 0.14 | 9.26 |

---

---

| | | | |
|:---|:---|:---|:---|
| **I** | **I** | **I** | **I** |
| **Effective Date** | **Net Offering Price <br>(per share)** | **Maximum Upfront Sales Load <br>(per share)** | **Maximum Offering Price <br>(per share)** |
| January 1, 2025 | $9.57 | $— | $9.57 |
| February 1, 2025 | 9.57 |  | 9.57 |
| March 1, 2025 | 9.54 |  | 9.54 |
| January 1, 2026 | 9.34 |  | 9.34 |
| February 1, 2026 | 9.28 |  | 9.28 |
| March 1, 2026 | 9.13 |  | 9.13 |

---

*Distributions*

The Board authorizes and declares monthly distribution amounts per share of common stock, payable monthly in arrears. The following table presents cash distributions per share that were recorded during the following periods:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** |
| **Declaration Date** | **Record Date** | **Payment Date** | **Distribution Per Share**<sup>(1)</sup> | **Distribution Amount**<sup>(2)</sup> | **Distribution Amount**<sup>(2)</sup> | **Distribution Amount**<sup>(2)</sup> |
| | | | | **S** | **D** | **I** |
| November 4, 2025 | January 30, 2026 | February 25, 2026 | $0.07010 | $43232 | $4123 | $99296 |
| February 18, 2026 | February 27, 2026 | March 30, 2026 | 0.07010 | 44082 | 4158 | 100913 |
| February 18, 2026 | March 31, 2026 | April 28, 2026 | 0.07010 | 42572 | 3817 | 96488 |
|  |  | **Total** | $0.21030 | $129886 | $12098 | $296697 |

---

<sup>(1)</sup> Distributions per share are gross of shareholder servicing fees.

<sup>(2)</sup> Distribution amounts are net of shareholder servicing fees.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** |
| **Declaration Date** | **Record Date** | **Payment Date** | **Distribution Per Share**<sup>(1)</sup> | **Distribution Amount**<sup>(2)</sup> | **Distribution Amount**<sup>(2)</sup> | **Distribution Amount**<sup>(2)</sup> |
| | | | | **S** | **D** | **I** |
| November 5, 2024 | January 31, 2025 | February 25, 2025 | $0.07010 | $33890 | $3499 | $69929 |
| February 18, 2025 | February 28, 2025 | March 25, 2025 | 0.07010 | 35308 | 3794 | 72626 |
| February 18, 2025 | March 31, 2025 | April 24, 2025 | 0.10280 | 54669 | 5767 | 111979 |
|  |  | **Total** | $0.24300 | $123867 | $13060 | $254534 |

---

<sup>(1)</sup> Distributions per share are gross of shareholder servicing fees.

<sup>(2)</sup> Distribution amounts are net of shareholder servicing fees.

The Company has adopted a distribution reinvestment plan which was amended and restated on May 6, 2024. The amended and restated distribution reinvestment plan provides for the reinvestment of cash distributions on behalf of shareholders who have enrolled in the distribution reinvestment plan. As a result, if the Board authorizes and declares a cash distribution, then the shareholders who have enrolled in the distribution reinvestment plan will have their cash distributions automatically reinvested in additional shares of our common stock, rather than receiving the cash distribution. The Company expects to use newly issued shares to implement the distribution reinvestment plan. The Company may fund its cash distributions to shareholders from any source of funds available to the Company, including but not limited to offering proceeds, net investment income from operations, capital gains proceeds from the sale of assets, dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies. In no event, however, will funds be advanced or borrowed for the purpose of distributions, if the amount of such distributions would exceed the Company's accrued and received revenues for the previous four quarters, less paid and accrued operating expenses with respect to such revenues and costs. The following tables reflect the sources of cash distributions on a U.S. GAAP basis that the Company has declared on its shares of common stock during the following periods:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** |
| | **S** | **S** | **D** | **D** | **I** | **I** | **Total** | **Total** |
|<br>**Source of Distribution** | **Per Share**<sup>(1)</sup> | **Amount** | **Per Share**<sup>(1)</sup> | **Amount** | **Per Share**<sup>(1)</sup> | **Amount** | **Per Share**<sup>(1)</sup> | **Amount** |
| Net investment income | $0.20295 | $125851 | $0.19944 | $11745 | $0.20144 | $288512 | $0.20186 | $426108 |
| Net realized gain on investments |  |  |  |  |  |  |  |  |
| Distributions in excess of net investment income | 0.00735 | 4035 | 0.01086 | 353 | 0.00886 | 8185 | 0.00844 | 12573 |
| &nbsp;&nbsp;**Total** | $0.21030 | $129886 | $0.21030 | $12098 | $0.21030 | $296697 | $0.21030 | $438681 |

---

<sup>(1)</sup> Distributions per share are gross of shareholder servicing fees. Net investment income per share includes shareholder servicing fees.

---

| | | | |
|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** |
|<br>**Source of Distribution**<sup>(2)</sup> | **Per Share**<sup>(1)</sup> | **Amount** | **Percentage** |
| Net investment income | $0.22900 | $368726 | 94.2% |
| Distributions in excess of net investment income<sup>(3)</sup> | 0.01400 | 22735 | 5.8 |
| &nbsp;&nbsp;**Total** | $0.24300 | $391461 | 100.0% |

---

<sup>(1)</sup> Distributions per share are gross of shareholder servicing fees.

<sup>(2)</sup> Data in this table is presented on a consolidated basis. Refer to "*Note 12* **—** *Financial Highlights"* for amounts by share class.

<sup>(3)</sup> Represents the distributions in excess of net investment income for the current period. The Company has accumulated undistributed earnings as of March 31, 2025.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

*Share Repurchases*

The Board has complete discretion to determine whether the Company will engage in any share repurchase, and if so, the terms of such repurchase. At the discretion of the Board, the Company may use cash on hand, cash available from borrowings, and cash from the sale of its investments as of the end of the applicable period to repurchase shares. The Company has commenced a share repurchase program pursuant to which the Company intends to conduct quarterly repurchase offers to allow its shareholders to tender their shares at a price equal to the net offering price per share for the applicable class of shares on each date of repurchase. All shares purchased by the Company pursuant to the terms of each offer to repurchase will be retired and thereafter will be authorized and unissued shares. The Company intends to limit the number of shares to be repurchased in each quarter to no more than 5.00% of its outstanding shares of common stock. Any periodic repurchase offers are subject in part to the Company's available cash and compliance with the BDC and RIC qualification and diversification rules promulgated under the 1940 Act and the Code, respectively. While the Company intends to continue to conduct quarterly tender offers as described above, the Company is not required to do so and may suspend or terminate the share repurchase program at any time.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Offer Date** | <br>**Class** | **Tender Offer**<br>**Expiration** | **Tender Offer**<br>**(in thousands)** | **Purchase Price**<br>**per Share** | **Shares**<br>**Repurchased** |
| February 26, 2025 | S | March 31, 2025 | $53498 | $9.46 | 5655204 |
| February 26, 2025 | D | March 31, 2025 | 1912 | 9.47 | 201862 |
| February 26, 2025 | I | March 31, 2025 | 148539 | 9.49 | 15652202 |
| February 27, 2026 | S | March 31, 2026 | 194086 | 9.08 | 21371701 |
| February 27, 2026 | D | March 31, 2026 | 44477 | 9.09 | 4893111 |
| February 27, 2026 | I | March 31, 2026 | 724544 | 9.11 | 79537341 |

---

**Note 10. Earnings Per Share** 

The following tables set forth the computation of basic and diluted earnings per common share for the following periods:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| | **2026** | **2026** | **2026** | **2025** | **2025** | **2025** |
| | **S** | **D** | **I** | **S** | **D** | **I** |
| Increase (decrease) in net assets resulting from operations | $(33524) | $(2364) | $(44478) | $77401 | $8336 | $165996 |
| Weighted average shares of common stock outstanding—basic and diluted | 685644136 | 60624074 | 1432254151 | 553435797 | 54656440 | 1043162192 |
| Earnings (loss) per common share—basic and diluted | $(0.05) | $(0.04) | $(0.03) | $0.14 | $0.15 | $0.16 |

---

**Note 11. Income Taxes**

The Company has elected to be treated as a RIC under Subchapter M of the Code, and intends to operate in a manner so as to qualify for the tax treatment applicable to RICs. To qualify for tax treatment as a RIC thereafter, the Company must, among other things, distribute to its shareholders in each taxable year generally at least 90% of the Company's investment company taxable income, as defined by the Code, and net tax-exempt income for that taxable year. To maintain tax treatment as a RIC, the Company, among other things, intends to make the requisite distributions to its shareholders, which generally relieves the Company from corporate-level U.S. federal income taxes.

Depending on the level of taxable income earned in a tax year, the Company can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that the Company determines that its estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, the Company will accrue excise tax on estimated excess taxable income.

For the three months ended March 31, 2026 the Company did not record an expense for U.S. federal excise tax. For the three months ended March 31, 2025 the Company recorded an expense for U.S. federal excise tax of $0.2 million.

------

**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

*Taxable Subsidiaries*

Certain of the Company's consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes. For three months ended March 31, 2026, the Company recorded a net tax expense/(benefit) of approximately $(25) thousand for taxable subsidiaries. For the three months ended March 31, 2025 the company recorded a net tax expense/(benefit) of approximately $4 thousand for taxable subsidiaries.

The Company recorded a net deferred tax liability of $1.3 million and $1.6 million as of March 31, 2026 and December 31, 2025, respectively, for taxable subsidiaries, which are primarily related to GAAP to tax outside basis differences in the taxable subsidiaries' investment in certain partnership interests.

**Note 12. Financial Highlights**

The following are the financial highlights for a common share outstanding during the periods shown. The following table of financial highlights is intended to help a prospective investor understand the Company's financial performance for the periods shown. The financial data set forth in the following table has been derived from the consolidated financial statements, which have been audited by KPMG LLP, an independent registered public accounting firm. Such financial highlights should be read in conjunction with the Company's respective consolidated financial statements and the notes thereto.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| | **2026** | **2026** | **2026** | **2025** | **2025** | **2025** |
| | **S** | **D** | **I** | **S** | **D** | **I** |
| ***Per share data:*** |  |  |  |  |  |  |
| Net asset value, at beginning of period | $9.32 | $9.33 | $9.34 | $9.54 | $9.55 | $9.57 |
| ***Results of operations:*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income<sup>(1)</sup> | 0.18 | 0.19 | 0.20 | 0.21 | 0.22 | 0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss)<sup>(2)</sup> | (0.23) | (0.23) | (0.23) | (0.07) | (0.06) | (0.07) |
| Net increase (decrease) in net assets resulting from operations | $(0.05) | $(0.04) | $(0.03) | $0.14 | $0.16 | $0.16 |
| ***Distributions:*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net investment income<sup>(3)</sup> | (0.18) | (0.20) | (0.20) | (0.21) | (0.22) | (0.23) |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from excess of net investment income<sup>(3)</sup> | (0.01) | (0.01) | (0.01) | (0.01) | (0.02) | (0.01) |
| Net increase (decrease) in net assets from shareholders' distributions<sup>(3)</sup> | $(0.19) | $(0.21) | $(0.21) | $(0.22) | $(0.24) | $(0.24) |
| Total increase (decrease) in net assets | (0.24) | (0.25) | (0.24) | (0.08) | (0.08) | (0.08) |
| **Net Asset Value, at End of Period**<sup>(4)(7)</sup> | $9.08 | $9.09 | $9.11 | $9.46 | $9.47 | $9.49 |
| **Total Return**<sup>(5)</sup> | (0.5)% | (0.4)% | (0.2)% | 1.5% | 1.7% | 1.7% |
| ***Ratios:*** |  |  |  |  |  |  |
| Ratio of net expenses to average net assets<sup>(6)(7)</sup> | 9.0% | 8.5% | 8.2% | 9.4% | 8.7% | 8.6% |
| Ratio of net investment income to average net assets<sup>(6)(7)</sup> | 8.2% | 9.0% | 9.2% | 9.2% | 9.7% | 10.1% |
| Portfolio turnover rate | 7.4% | 7.4% | 7.4% | 9.2% | 9.2% | 9.2% |
| ***Supplemental Data:*** |  |  |  |  |  |  |
| Weighted-average shares outstanding | 685644136 | 60624074 | 1432254151 | 553435797 | 54656440 | 1043162192 |
| Shares outstanding, end of period | 672389216 | 56167136 | 1376428997 | 570264051 | 57227131 | 1089239943 |
| &nbsp;&nbsp;**Net Assets, End of Period** | $6104216 | $510466 | $12532465 | $5394691 | $541939 | $10332962 |

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

<sup>(1)</sup> The per share data was derived using the weighted average shares outstanding during the period.

<sup>(2)</sup> The amount shown at this caption is the balancing amount derived from the other figures in the schedule. The amount shown at this caption for a share outstanding throughout the period may not agree with the change in the aggregate gains and losses in portfolio securities for the period because of the timing of sales of the Company's shares in relation to fluctuating market values for the portfolio.

<sup>(3)</sup> The per share data was derived using actual shares outstanding at the date of the relevant transaction.

<sup>(4)</sup> Total return is not annualized. An investment in the Company is subject to maximum upfront sales load of 3.5% and 1.5% for Class S and Class D common stock, respectively, of the offering price, which will reduce the amount of capital available for investment. Class I common stock is not subject to upfront sales load. Total return displayed is net of all fees, including all operating expenses such as management fees, incentive fees, general and administrative expenses, organization and amortized offering expenses, and interest expenses. Total return is calculated as the change in NAV per share (assuming dividends and distributions, if any, are reinvested in accordance with the Company's dividend reinvestment plan), if any, divided by the beginning NAV per share (which for the purposes of this calculation is equal to the net offering price in effect at that time).

<sup>(5)</sup> Operating expenses may vary in the future based on the amount of capital raised, the Adviser's election to continue expense support, and other unpredictable variables. For the three months ended March 31, 2026, the total operating expenses to average net assets were 9.0%, 8.5% and 8.2%, for Class S, Class D, and Class I common stock, respectively, prior to management fee waivers, expense support provided by the Adviser, and expense recoupment paid to the Adviser, if any. For the three months ended March 31, 2025, the total operating expenses to average net assets were 9.4%, 8.8% and 8.6%, for Class S, Class D, and Class I common stock, respectively, prior to management fee waivers, expense support provided by the Adviser, and expense recoupment paid to the Adviser, if any. Past performance is not a guarantee of future results.

<sup>(6)</sup> The ratio reflects an annualized amount, except in the case of non-recurring expenses and offering expenses.

<sup>(7)</sup> Totals presented may not sum due to rounding.

**Note 13. Subsequent Events**

In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date of issuance. There are no subsequent events to disclose except for the following:

***Equity Raise***

As of May 4, 2026, the Company issued 730,766,120 shares of Class S common stock, 106,408,747 shares of Class D common stock, and 1,529,623,918 shares of Class I common stock and have raised total gross proceeds of $6.91 billion, $0.99 billion, and $14.38 billion, respectively, including seed capital of one thousand US dollars contributed by our Adviser in September 2020 and approximately $25.0 million in gross proceeds raised from an entity affiliated with the Adviser. In addition, the Company expects to receive $26.4 million in subscription payments which the Company accepted on May 1, 2026 and, which is pending the Company's determination of the net asset value per share applicable to such purchase.

***Dividend***

On May 5, 2026, the Company's Board approved a distribution of (i) $0.070100 per share, payable on or before June 30, 2026 to shareholders of record as of May 29, 2026, (ii) $0.070100 per share, payable on or before July 31, 2026 to shareholders of record as of June 30, 2026, and (iii) $0.070100 per share, payable on or before August 31, 2026 to shareholders of record as of July 31, 2026.

***CLO XI Reset***

On April 27, 2026, the Company completed a $395.8 million term debt securitization refinancing. As part of the refinancing, the CLO XI Issuer (A) issued the following classes of notes: (i) $82.0 million of AAA(sf) Class A-R Notes, which initially bear interest at the Benchmark plus 1.45% and (ii) $40.0 million of Class B-R Notes, which initially bear interest at the Benchmark plus 2.00% and (B) borrowed (i) $50.0 million under floating rate Class A-1-RL loans, which initially bear interest at the Benchmark plus 1.45% and (ii) $100.0 million under floating rate Class A-2-RL loans, which initially bear interest at the Benchmark plus 1.45%. Concurrently with the issuance and the borrowing, CLO XI redeemed $12.0 million of subordinated securities in the form of 12,000 of its preferred shares. 123,820 preferred shares remain outstanding. The debt is scheduled to mature in April 2039.

***Share Repurchases***

Pursuant to an offer to purchase dated February 27, 2026, the Company offered to purchase shares of its issued and outstanding Class S common stock, Class D common stock and Class I common stock representing up to 5.00% of the aggregate number of its shares of common stock outstanding as of December 31, 2025 at a purchase price per share equal to the net offering price per share, as of March 31, 2026.

The offer expired at 7:00 P.M., Eastern Time, on March 31, 2026, and approximately 93,650,433 shares of Class S common stock, 21,440,559 shares of Class D common stock and 348,729,633 shares of Class I common stock were validly tendered and not withdrawn pursuant to the offer to purchase as of such date, which represents 21.9% of the aggregate number of the Company's shares outstanding as of December 31, 2025.

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**Blue Owl Credit Income Corp.**

**Notes to Consolidated Financial Statements (Unaudited) — Continued**

**(Amounts in thousands, except share and per share amounts and as otherwise noted)**

On April 23, 2026, the Company determined that, as of March 31, 2026, the net offering prices per share of its shares of Class S common stock, Class D common stock and Class I common stock were $9.08 per share, $9.09 per share and $9.11 per share, respectively. The Company accepted for purchase 21,372,674 shares of Class S common stock, 4,893,111 shares of Class D common stock and 79,586,211 shares of Class I common stock on a pro rata basis based on the number of tendered shares for approximately $194.1 million, $44.5 million and $725.0 million, respectively, representing 22.82% of the shares of our common stock that were validly tendered and not withdrawn prior to the expiration of the offer. The aggregate purchase price for all shares repurchased pursuant to the offer was approximately $963.6 million.

***Core Income Funding VI Amendment***

On May 5, 2026, Core Income Funding VI entered into Amendment No. 5 to SPV Asset Facility VI in order to, among other changes, (i) add the ability to draw in CAD, Euro and GBP and (ii) reallocate commitments of the Lenders under the SPV Asset Facility VI to a Total Class A-R-1 Commitment of $1.22 billion and a Total Class A-R-2 Commitment of $135.0 million.

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**Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.**

The information contained in this section should be read in conjunction with "*ITEM 1. FINANCIAL STATEMENTS*". This discussion contains forward-looking statements, which relate to future events or the future performance or financial condition of Blue Owl Credit Income Corp. and involves numerous risks and uncertainties, including, but not limited to, those described in our Form 10-K for the year ended December 31, 2025, in "*Item 1A. Risk Factors*." This discussion also should be read in conjunction with the "*Cautionary Statement Regarding Forward Looking Statements*" set forth on page [3](#id288105198094d3e8673bbd919dcc8dc_10) of this quarterly report on Form 10-Q ("Quarterly Report"). Actual results could differ materially from those implied or expressed in any forward-looking statements.

**Overview**

Blue Owl Credit Income Corp. (the "Company", "we", "us", or "our") is an externally managed, non-diversified closed-end management investment company that has elected to be treated as a business development company ("BDC") under the 1940 Act. Formed as a Maryland corporation on April 22, 2020, we are externally managed by Blue Owl Credit Advisors LLC (the "Adviser") which is responsible for sourcing potential investments, conducting due diligence on prospective investments, analyzing investment opportunities, structuring investments and monitoring our portfolio on an ongoing basis. We have elected to be treated as a RIC under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and we intend to operate in a manner so as to qualify for the tax treatment applicable to RICs. On October 23, 2020, we formed a wholly-owned subsidiary, OR Lending IC LLC, a Delaware limited liability company, which holds a California finance lenders license. OR Lending IC LLC makes loans to borrowers headquartered in California. From time to time we may form wholly-owned subsidiaries to facilitate the normal course of business.

We are managed by our Adviser. Our Adviser is an indirect affiliate of Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) and part of Blue Owl's Credit platform. Our Adviser is registered with the U.S. Securities and Exchange Commission (the "SEC") as an investment adviser under the Investment Advisers Act of 1940, as amended (the "Advisers Act"). Subject to the overall supervision of our Board, our Adviser manages our day-to-day operations, and provides investment advisory and management services, to us. The Adviser or its affiliates may engage in certain origination activities and receive attendant arrangement, structuring or similar fees. Our Adviser is responsible for managing our business and activities, including sourcing investment opportunities, conducting research, performing diligence on potential investments, structuring our investments, and monitoring our portfolio companies on an ongoing basis through a team of investment professionals.

We have received an exemptive order that permits us to offer multiple classes of shares of common stock and to impose varying sales loads, asset-based servicing and/or distribution fees and early withdrawal fees. On November 12, 2020, we commenced our initial public offering pursuant to which we offered, on a continuous basis, $2,500,000,000 in any combination of amount of shares of Class S, Class D and Class I common stock, and we sold 700,000 shares pursuant to the subscription agreement with an entity affiliated with the Adviser and met the minimum offering requirement for our continuous public offering. The purchase price of these shares sold in the private placement was $10.00 per share. On February 14, 2022, we commenced our follow-on offering, on a continuous basis, pursuant to which we offered of up to $13,500,000,000 in any combination of amount of shares of Class S, Class D and Class I common stock. On December 6, 2024, we commenced our current offering pursuant to which we are offering up to $14,000,000,000 in any combination of amount of shares of Class S, Class D and Class I common stock. The share classes have different upfront selling commissions and ongoing servicing fees. Each class of common stock will be offered through Blue Owl Securities LLC (d/b/a Blue Owl Securities) (the "Dealer Manager"). The Dealer Manager is entitled to receive upfront selling commissions of up to 3.50% of the offering price of each Class S share sold in the offering and 1.50% of the offering price of each Class D share sold. Class I shares are not subject to upfront selling commissions. Any upfront selling commissions for the Class S shares and Class D shares sold in the offering will be deducted from the purchase price. Class S, Class D and Class I shares were offered at initial purchase prices per shares of $10.35, $10.15 and $10.00, respectively. Currently, the purchase price per share for each class of common stock varies, but will not be sold at a price below our net asset value per share of such class, as determined in accordance with our share pricing policy, plus applicable upfront selling commissions. We also engage in private placements of our common stock.

Since meeting the minimum offering requirement and commencing our continuous public offering through March 31, 2026, we have issued 729,127,533 shares of Class S common stock, 106,367,824 shares of Class D common stock, and 1,525,057,074 shares of Class I common stock for gross proceeds, exclusive of any tender offers and shares issued pursuant to our distribution reinvestment plan, of $6.90 billion, $0.99 billion, and $14.34 billion, respectively, including $1,000 of seed capital contributed by our Adviser in September 2020, approximately $25.0 million in gross proceeds raised from an entity affiliated with the Adviser, and 170,725,747 shares of our Class I common stock issued in a private placement issued to feeder vehicles primarily created to hold our Class I shares for gross proceeds of approximately $1.61 billion. The Adviser, the entity affiliated with the Adviser, and their permitted assignees may not engage in any transaction that would result in the effective economic disposition of the Class I shares.

The Adviser also serves as investment adviser to OBDC and OBDC II.

Blue Owl consists of three investment platforms: (1) Credit, which includes several strategies, including direct lending, alternative credit, investment grade credit, liquid credit and other adjacent investment strategies, (2) Real Assets, which focuses on three primary investment strategies: net lease, real estate credit and digital infrastructure, and (3) GP Strategic Capital, which primarily focuses on acquiring equity stakes in, or providing debt financing to, large, multi-product private equity and private credit firms. The Adviser is

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part of the direct lending strategy of Blue Owl's Credit platform which focuses on lending to primarily upper-middle market companies, both private equity-sponsored and non-sponsored, and provides a range of customized financing solutions across debt and equity-related instruments. In addition to the Adviser, Blue Owl's Credit platform's direct lending strategy is comprised of Blue Owl Technology Credit Advisors LLC ("OTCA"), Blue Owl Technology Credit Advisors II LLC ("OTCA II"), Blue Owl Credit Private Fund Advisors LLC ("OPFA") and Blue Owl Diversified Credit Advisors LLC ("ODCA" and together with the Adviser, OTCA, OTCA II, and OPFA, the "Blue Owl Credit Advisers"), which also are registered investment advisers. As of March 31, 2026, the Adviser and its affiliates had $159.24 billion of assets under management across Blue Owl's Credit platform.

The management of our investment portfolio is the responsibility of the Adviser and the Diversified Lending Investment Committee. The Investment Team is led by Douglas I. Ostrover, Marc S. Lipschultz and Craig W. Packer and is supported by certain members of the Adviser's senior executive team and Blue Owl's Credit platform's direct lending investment committees. Blue Owl's four direct lending investment committees focus on a specific investment strategy (Diversified Lending, Technology Lending, First Lien Lending and Opportunistic Lending). Douglas I. Ostrover, Marc S. Lipschultz, Craig W. Packer and Alexis Maged sit on each of Blue Owl's direct lending investment committees. In addition to Messrs. Ostrover, Lipschultz, Packer and Maged, the Diversified Lending Investment Committee is comprised of Matthias Ederer, Patrick Linnemann, Meenal Mehta and Logan Nicholson. We consider the individuals on the Diversified Lending Investment Committee to be our portfolio managers. The Investment Team, under the Diversified Lending Investment Committee's supervision, sources investment opportunities, conducts research, performs due diligence on potential investments, structures our investments and will monitor our portfolio companies on an ongoing basis.

The Diversified Lending Investment Committee meets regularly to consider our investments, direct our strategic initiatives and supervise the actions taken by the Adviser on our behalf. In addition, the Diversified Lending Investment Committee reviews and determines whether to make prospective investments (including approving parameters or guidelines pursuant to which certain investments may be made or sold consistent with our investment objective), structures financings and monitors the performance of the investment portfolio. Each investment opportunity requires the approval of a majority of the Diversified Lending Investment Committee. Follow-on investments in existing portfolio companies may require the Diversified Lending Investment Committee's approval beyond that obtained when the initial investment in the portfolio company was made. In addition, temporary investments, such as those in cash equivalents, U.S. government securities and other high quality debt investments that mature in one year or less, may require approval by the Diversified Lending Investment Committee. The compensation packages of Diversified Lending Investment Committee members from the Adviser include various combinations of discretionary bonuses and variable incentive compensation based primarily on performance for services provided and may include shares of Blue Owl.

In addition, we and the Adviser have entered into a dealer manager agreement with Blue Owl Securities and certain participating broker dealers to solicit capital.

We may be prohibited under the Investment Company Act of 1940, as amended (the "1940 Act") from participating in certain transactions with our affiliates without the prior approval of our directors who are not interested persons and, in some cases, the prior approval of the SEC. We rely on an order for exemptive relief (the "Order") to co-invest with other funds managed by the Adviser or certain affiliates in a manner consistent with our investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. Pursuant to the Order, we generally are permitted to co-invest with certain of our affiliates if such co-investments are done on the same terms and at the same time, as further detailed in the Order. The Order requires that a "required majority" (as defined in Section 57(o) of the 1940 Act) of directors who are not "interested persons" of us, the Adviser, or any of their respective affiliates, as defined in the 1940 Act ("Independent Directors") make certain conclusions in connection with certain co-investment transactions, including (1) when we co-invest with an affiliated entity (as defined in the co-investment application) in an issuer where an affiliated entity has an existing investment in the issuer unless the transaction is completed on a pro rata basis, and (2) if we dispose of an asset acquired in a co-investment transaction unless the disposition is done on a pro rata basis or the disposition is of a tradable security. Pursuant to the Order, the Board oversees our participation in the co-investment program. As required by the Order, we have adopted, and the Board, including a required majority of the Independent Directors, has approved, policies and procedures reasonably designed to ensure compliance with the conditions of the Order. The Board, including a required majority of the Independent Directors, also reviewed the Co-Investment Policies of the Adviser to ensure that they are reasonably designed to prevent us from being disadvantaged by participation in the co-investment program. The Adviser and our Chief Compliance Officer will also provide reporting to the Board.

The Blue Owl Credit Advisers' investment allocation policies seek to ensure equitable allocation of investment opportunities over time between us and other funds managed by our Adviser or its affiliates. As a result of the Order, there could be significant overlap in our investment portfolio and the investment portfolio of the business development companies ("BDCs"), interval fund, private funds and separately managed accounts managed by the Blue Owl Credit Advisers (collectively, the "Blue Owl Credit Clients") and/or other funds managed by the Adviser or its affiliates that avail themselves of the Order. In addition, the Adviser and its affiliates are permitted to allocate an investment to a number of products across platforms that it views as appropriate for the particular investment objectives, strategies and characteristics of such products.

We have elected to be regulated as a BDC under the 1940 Act and intend to elect to be taxed as a regulated investment company ("RIC") for U.S. federal income tax purposes. As a result, we are required to comply with various statutory and regulatory requirements, such as:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requirement to invest at least 70% of our assets in "qualifying assets", as such term is defined in the 1940 Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• source of income limitations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• asset diversification requirements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requirement to distribute (or be treated as distributing) in each taxable year at least the sum of (i) 90% of our investment company taxable income and (ii) 90% of our tax-exempt interest for that taxable year.

**Our Investment Framework**

Our investment objective is to generate current income, and to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. Our investment strategy focuses primarily on originating and making loans to, and making debt and equity investments in, U.S. middle market companies. Since our Adviser and its affiliates began investment activities in April 2016 through March 31, 2026, our Adviser and its affiliates have originated $193.98 billion aggregate principal amount of investments, of which $189.83 billion aggregate principal amount of investments prior to any subsequent exits or repayments, was retained by either us or a corporation or fund advised by our Adviser or its affiliates. We seek to participate in transactions sponsored by what we believe to be high-quality private equity and venture capital firms capable of providing both operational and financial resources. We seek to generate current income primarily in U.S. middle market companies, both sponsored and non-sponsored, through direct originations of senior secured loans or originations of unsecured loans, subordinated loans or mezzanine loans, broadly syndicated loans and, to a lesser extent, investments in equity and equity-related securities including warrants, preferred stock and similar forms of senior equity. We may hold our investments directly or through specialty financing portfolio companies and joint ventures. Except for our specialty financing company investments, our equity investments are typically not control-oriented investments and we may structure such equity investments to include provisions protecting our rights as a minority-interest holder. We intend, under normal circumstances, to invest directly, or indirectly through our investments in OCIC SLF LLC (f/k/a Blue Owl Credit Income Senior Loan Fund) ("OCIC SLF") and Blue Owl Credit SLF LLC ("Credit SLF") or any similarly situated companies, at least 80% of the value of our total assets in credit investments. We define "credit" to mean debt investments made in exchange for regular interest payments.

In general we define "middle market companies" to mean companies with earnings before interest expense, income tax expense, depreciation and amortization ("EBITDA") between $25 million and $500 million annually and/or annual revenue of $125 million to $5 billion at the time of investment. Within this space, we predominantly focus on investing in upper middle market businesses, where we can structure larger transactions, which we believe to be more resilient and of greater strategic significance. We categorize "upper middle market" companies as those generating $50 million or more of EBITDA annually. We may on occasion invest in smaller or larger companies if an attractive opportunity presents itself, especially when there are dislocations in the capital markets, including the high yield and syndicated loan markets. We note that over time, the average EBITDA of companies in our portfolio has grown significantly as the scale of private market solutions has grown. Across our investments, we typically seek to be senior in the capital structure, targeting a loan-to-value ratio (the amount of outstanding debt as a percentage of the value of the company) of 50% or below on average, which may provide a level of downside protection and help preserve capital.

We expect that our portfolio composition will be comprised predominantly of directly originated debt and income producing securities, with a lesser allocation to equity or equity-linked opportunities, including publicly traded debt instruments, which we may hold directly or through specialty purpose vehicles and joint ventures. These investments may include high-yield bonds, which are often referred to as "junk bonds", and broadly syndicated loans. In addition, we may invest a portion of our portfolio in opportunistic investments and publicly traded debt investments, we may evaluate and enter into strategic portfolio transactions which may result in additional portfolio companies which we are considered to control. These types of investments are intended to supplement our core strategy and further enhance returns to our shareholders. These investments may include high-yield bonds and broadly-syndicated loans, including "covenant lite" loans and other publicly traded debt instruments, which are typically originated and structured by banks on behalf of large corporate borrowers with employee counts, revenues, EBITDAs and enterprise values larger than those of middle market companies, and equity investments in portfolio companies that make senior secured loans or invest in broadly syndicated loans, structured products, asset-based solutions or other forms of specialty finance, which may include, but is not limited to, investments such as life settlements, royalty interests and equipment finance. Our portfolio composition may fluctuate from time to time based on market conditions and interest rates.

Covenants are contractual restrictions that lenders place on companies to limit the corporate actions a company may pursue. Generally, the loans in which we expect to invest will have financial maintenance covenants, which are used to proactively address materially adverse changes in a portfolio company's financial performance. However, to a lesser extent, we may invest in "covenant- lite" loans. We use the term "covenant-lite" to refer generally to loans that do not have a complete set of financial maintenance covenants. Generally, "covenant-lite" loans provide borrower companies more freedom to negatively impact lenders because their covenants are incurrence-based, which means they are only tested and can only be breached following an affirmative action of the borrower, rather than by a deterioration in the borrower's financial condition. Accordingly, to the extent we invest in "covenant-lite" loans, we may have fewer rights against a borrower and may have a greater risk of loss on such investments as compared to investments in or exposure to loans with financial maintenance covenants.

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We target portfolio companies where we can structure larger transactions that comprise 1-2% of our portfolio (with no individual portfolio company generally expected to comprise greater than 5% of our portfolio). As of March 31, 2026, our average investment size in each of our portfolio companies was approximately $98.3 million based on fair value. The investment size will vary with the size of our capital base and market conditions. As of March 31, 2026, excluding the investment in OCIC SLF, Credit SLF and certain investments that fall outside our typical borrower profile, our portfolio companies representing 91.9% of our total debt portfolio based on fair value, had weighted average annual revenue of $1.22 billion, weighted average annual EBITDA of $292.8 million, an average interest coverage of 2.1x and an average net loan-to-value of 42.9%.

The companies in which we invest use our capital primarily to support their growth, acquisitions, market or product expansion, refinancings and/or recapitalizations. The debt in which we invest typically is not rated by any rating agency, but if these instruments were rated, they would likely receive a rating of below investment grade (that is, below BBB- or Baa3), which is often referred to as "junk".

**Key Components of Our Results of Operations**

***Investments***

We focus primarily on the direct origination of loans to institutionally-backed, upper middle market companies domiciled in the United States.

Our level of investment activity (both the number of investments and the size of each investment) can and will vary substantially from period to period depending on many factors, including the amount of debt and equity capital available to middle market companies, the level of merger and acquisition activity for such companies, the general economic environment and the competitive environment for the types of investments we make.

In addition, as part of our risk strategy on investments, we may reduce the levels of certain investments through partial sales or syndication to additional lenders.

***Revenues***

We generate revenues primarily in the form of interest income from the investments we hold. In addition, we may generate income from dividends on either direct equity investments or equity interests obtained in connection with originating loans, such as options, warrants or conversion rights. Our debt investments typically have a term of three to ten years. As of March 31, 2026, 98.1% of our debt investments based on fair value bear interest at a floating rate, subject to interest rate floors in certain cases. Interest on our debt investments is generally payable either monthly or quarterly.

Our investment portfolio consists primarily of floating rate loans, and our credit facilities bear interest at floating rates. Macro trends in base interest rates like SOFR and any other alternative reference rates may affect our net investment income over the long term. However, because we generally originate loans to a small number of portfolio companies each quarter, and those investments vary in size, our results in any given period, including the interest rate on investments that may be sold or repaid in a period compared to the interest rate of new investments made during that period, often are idiosyncratic, and reflect the characteristics of the particular portfolio companies that we invested in or exited during the period and not necessarily any trends in our business or macro trends. Generally, because our portfolio consists primarily of floating rate loans, we expect our earnings to benefit from a prolonged higher rate environment.

Loan origination fees, original issue discount and market discount or premium are capitalized, and we accrete or amortize such amounts under U.S. generally accepted accounting principles ("U.S. GAAP") as interest income using the effective yield method for term instruments and the straight-line method for revolving or delayed draw instruments. Repayments of our debt investments can reduce interest income from period to period. The frequency or volume of these repayments may fluctuate significantly. We record prepayment premiums on loans as interest income. We may also generate revenue in the form of commitment, loan origination, structuring, or due diligence fees, fees for providing managerial assistance to our portfolio companies and possibly consulting fees.

Dividend income on equity investments is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly traded companies.

Our portfolio activity also reflects the proceeds from sales of investments. We recognize realized gains or losses on investments based on the difference between the net proceeds from the disposition and the amortized cost basis of the investment without regard to unrealized gains or losses previously recognized. We record current period changes in fair value of investments that are measured at fair value as a component of the net change in unrealized gains (losses) on investments in the Consolidated Statements of Operations.

***Expenses***

Our primary operating expenses include the payment of the management fee, performance based incentive fee, expenses reimbursable under the Administration Agreement and Investment Advisory Agreement, legal and professional fees, interest and other debt expenses and other operating expenses. The management fee and performance based incentive fee compensate our Adviser for work in identifying, evaluating, negotiating, closing, monitoring and realizing our investments.

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Except as specifically provided below, all investment professionals and staff of the Adviser, when and to the extent engaged in providing investment advisory and management services to us, and the base compensation, bonus and benefits, and the routine overhead expenses, of such personnel allocable to such services, are provided and paid for by the Adviser. We bear our allocable portion of the compensation paid by the Adviser (or its affiliates) to our Chief Compliance Officer and Chief Financial Officer and their respective staffs (based on a percentage of time such individuals devote, on an estimated basis, to our business affairs). We bear all other costs and expenses of our operations, administration and transactions, including, but not limited to (i) investment advisory fees, including management fees and incentive fees, to the Adviser, pursuant to the Investment Advisory Agreement; (ii) our allocable portion of overhead and other expenses incurred by the Adviser in performing its administrative obligations under the Administration Agreement; and (iii) all other expenses of our operations and transactions including, without limitation, those relating to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• expenses deemed to be "organization and offering expenses" for purposes of FINRA Conduct Rule 2310(a)(12) (exclusive of commissions, the dealer manager fee, any discounts and other similar expenses paid by investors at the time of sale of our stock);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the cost of corporate and organizational expenses relating to offerings of shares of our common stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the cost of calculating our net asset value, including the cost of any third-party valuation services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the cost of effecting any sales and repurchases of our common stock and other securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• fees and expenses payable under any dealer manager agreements, if any;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• debt service and other costs of borrowings or other financing arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• costs of hedging;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• expenses, including travel expense, incurred by the Adviser, or members of the investment team, or payable to third parties, performing due diligence on prospective portfolio companies and, if necessary, enforcing our rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• escrow agent, transfer agent and custodial fees and expenses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• fees and expenses associated with marketing efforts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• federal and state registration fees, any stock exchange listing fees and fees payable to rating agencies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• U.S. federal, state and local taxes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• independent directors' fees and expenses, including certain travel expenses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• costs of preparing financial statements and maintaining books and records and filing reports or other documents with the SEC (or other regulatory bodies) and other reporting and compliance costs, including registration fees, listing fees and licenses, and the compensation of professionals responsible for the preparation of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the costs of any reports, proxy statements or other notices to our shareholders (including printing and mailing costs);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the costs of any shareholder or director meetings and the compensation of personnel responsible for the preparation of the foregoing and related matters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• commissions and other compensation payable to brokers or dealers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• research and market data;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• fidelity bond, directors' and officers' errors and omissions liability insurance and other insurance premiums;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• direct costs and expenses of administration, including printing, mailing, long distance telephone and staff;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• fees and expenses associated with independent audits, outside legal and consulting costs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• costs of winding up;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• costs incurred in connection with the formation or maintenance of entities or vehicles to hold our assets for tax or other purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• extraordinary expenses (such as litigation or indemnification); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• costs associated with reporting and compliance obligations under the 1940 Act and applicable federal and state securities laws.

The Adviser is responsible for the payment of our organization and offering expenses to the extent that these expenses exceed 1.5% of the aggregate gross offering proceeds, without recourse against or reimbursement by us. We expect, but cannot assure, that our general and administrative expenses will increase in dollar terms during periods of asset growth, but will decline as a percentage of total assets during such periods.

***Reimbursement of Administrative Services***

We will reimburse our Adviser for the administrative expenses necessary for its performance of services to us. However, such reimbursement will be made at an amount equal to the lower of our Adviser's actual costs or the amount that we would be required to pay for comparable administrative services in the same geographic location. Also, such costs will be reasonably allocated to us on the basis of assets, revenues, time records or other reasonable methods. We will not reimburse our Adviser for any services for which it

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receives a separate fee, for example rent, depreciation, utilities, capital equipment or other administrative items allocated to a controlling person of our Adviser.

***Leverage***

The amount of leverage we use in any period depends on a variety of factors, including cash available for investing, the cost of financing and general economic and market conditions. On September 30, 2020, we received shareholder approval that allowed us to reduce our asset coverage ratio to 150% effective October 1, 2020. and in connection with their subscription agreements, our investors are required to acknowledge our ability to operate with an asset coverage ratio that may be as low as 150%. As a result, we generally will be permitted, under specified conditions, to issue multiple classes of indebtedness and one class of stock senior to the common stock if our asset coverage, as defined in the 1940 Act, would at least be equal to 150% immediately after each such issuance. This reduced asset coverage ratio permits us to double the amount of leverage we can incur. For example, under a 150% asset coverage ratio we may borrow $2 for investment purposes of every $1 of investor equity whereas under a 200% asset coverage ratio we may only borrow $1 for investment purposes for every $1 of investor equity.

In any period, our interest expense will depend largely on the extent of our borrowing and we expect interest expense will increase as we increase our leverage over time subject to the limits of the 1940 Act. In addition, we may dedicate assets to financing facilities.

***Potential Market Trends***

Broader geopolitical developments, including the conflict involving Iran, have contributed to elevated market volatility, even if they have not altered the fundamental operating environment for the U.S. companies in which we invest. We actively monitor these dynamics alongside other sources of risk. As part of our standard valuation and risk management processes, we conduct reviews of every investment in our portfolio on a quarterly basis. In response to heightened uncertainty over the last year, we took additional, proactive steps to reassess risk across our portfolio. We conducted thematic stress tests twice – first in response to tariff policies implemented in 2025, and more recently to evaluate the potential implications of rapid advancements in artificial intelligence. These additional reviews reinforced our confidence that our portfolio is well positioned, supported by borrowers with strong business fundamentals and defensive characteristics.

We believe the middle market lending environment provides opportunities for us to meet our goal of making investments that generate attractive risk-adjusted returns based on a combination of the following factors.

***Limited Availability of Capital for Middle Market Companies —*** The middle market is a large addressable market. According to GE Capital's National Center for the Middle Market Year-End 2025 Middle Market Indicator, there are approximately 200,000 U.S. middle market companies, which have approximately 48 million aggregate employees. Moreover, the U.S. middle market accounts for one-third of private sector gross domestic product ("GDP"). GE defines U.S. middle market companies as those between $10 million and $1.00 billion in annual revenue, which we believe has significant overlap with our definition of U.S. middle market companies. We believe U.S. middle market companies will continue to require access to debt capital to refinance existing debt, support growth and finance acquisitions. We believe that regulatory and structural factors, industry consolidation and general risk aversion, limit the amount of traditional financing available to U.S. middle market companies. We believe that many commercial and investment banks have, in recent years, de-emphasized their service and product offerings to middle market businesses in favor of lending to large corporate clients and managing capital markets transactions. In addition, these lenders may be constrained in their ability to underwrite and hold bank loans and high yield securities for middle market issuers as they seek to meet existing and future regulatory capital requirements. We also believe that there are a lack of market participants that are willing to hold meaningful amounts of certain middle market loans. As a result, we believe our ability to minimize syndication risk for a company seeking financing by being able to hold its loans without having to syndicate them, coupled with reduced capacity of traditional lenders to serve the middle market, present an attractive opportunity to invest in middle market companies.

***Capital Markets Have Been Unable to Fill the Void in U.S. Middle Market Finance Left by Banks —*** Access to underwritten bond and syndicated loan markets is challenging for middle market companies due to loan size and liquidity. For example, high yield bonds are generally purchased by institutional investors, such as mutual funds and exchange traded funds ("ETFs"), who among other things, are focused on the liquidity characteristics of the bond being issued in order to fund investor redemptions and/or comply with regulatory requirements. Accordingly, the existence of an active secondary market for bonds is an important consideration in these entities' initial investment decision.

Syndicated loans arranged through a bank are done either on a "best efforts" basis or are underwritten with terms plus provisions that permit the underwriters to change certain terms, including pricing, structure, yield and tenor, otherwise known as "flex", to successfully syndicate the loan, in the event the terms initially marketed are insufficiently attractive to investors. Furthermore, banks are generally reluctant to underwrite middle market loans because the arrangement fees they may earn on the placement of the debt generally are not sufficient to meet the banks' return hurdles. Loans provided by companies such as ours provide certainty to issuers in that we have a more stable capital base and have the ability to invest in illiquid assets, and we can commit to a given amount of debt on specific terms, at stated coupons and with agreed upon fees. As we are the ultimate holder of the loans, we do not require market

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"flex" or other arrangements that banks may require when acting on an agency basis. In addition, our Adviser has teams focused on both liquid credit and private credit and these teams are able to collaborate with respect to syndicated loans.

***Secular Trends Supporting Growth for Private Credit —*** We believe that periods of market volatility, such as the current period of market volatility caused, in part, by uncertainty regarding inflation and interest rates, and current geopolitical conditions, have accentuated the advantages of private credit. The availability of capital in the liquid credit market is highly sensitive to market conditions whereas we believe private lending has proven to be a stable and reliable source of capital through periods of volatility. We believe the opportunity set for private credit will continue to expand even as the public loan markets remain open. Financial sponsors and companies today are familiar with direct lending and have seen firsthand the strong value proposition that a private solution can offer. Scale, certainty of execution and flexibility all provide borrowers with a compelling alternative to the syndicated and high yield markets. Based on our experience, larger, higher quality credits that have traditionally been issuers in the syndicated loan and high yield markets are increasingly seeking private solutions independent of credit market conditions. In our view, this is supported by financial sponsors wanting to work with collaborative financing partners that have scale and breadth of capabilities. This has driven substantial growth in direct lending portfolio companies over time. Given the dynamics mentioned above, we believe this trend is poised to continue and that the large amount of uninvested capital held by funds of private equity firms broadly, estimated by Preqin Ltd., an alternative assets industry data and research company, to be $2.7 trillion as of December 31, 2025, will continue to serve as a tailwind to the space.

***Attractive Investment Dynamics —*** An imbalance between the supply of, and demand for, middle market debt capital creates attractive pricing dynamics. We believe the directly negotiated nature of middle market financings also generally provides more favorable terms to the lender, including stronger covenant and reporting packages, better call protection, and lender-protective change of control provisions. Additionally, we believe BDC managers' expertise in credit selection and ability to manage through credit cycles has generally resulted in BDCs experiencing lower loss rates than U.S. commercial banks through credit cycles. Further, we believe that historical middle market default rates have been lower, and recovery rates have been higher, as compared to the larger market capitalization, broadly distributed market, leading to lower cumulative losses.

***Conservative Capital Structures —*** With more conservative capital structures, U.S. middle market companies have exhibited higher levels of cash flows available to service their debt. In addition, U.S. middle market companies often are characterized by simpler capital structures than larger borrowers, which facilitates a streamlined underwriting process and, when necessary, restructuring process.

***Attractive Opportunities in Investments in Loans —*** We invest in senior secured or unsecured loans, subordinated loans or mezzanine loans, broadly syndicated loans and, to a lesser extent, equity and equity-related securities. We believe that opportunities in senior secured loans are significant because of the floating rate structure of most senior secured debt issuances and because of the strong defensive characteristics of these types of investments. We believe that debt issues with floating interest rates offer a superior return profile as compared with fixed-rate investments, since floating rate structures are generally less susceptible to declines in value experienced by fixed-rate securities in a rising interest rate environment. Senior secured debt also provides strong defensive characteristics. Senior secured debt has priority in payment among an issuer's security holders whereby holders are due to receive payment before junior creditors and equity holders. Further, these investments are secured by the issuer's assets, which may provide protection in the event of a default.

**Portfolio and Investment Activity**

Our business is impacted by conditions in the financial markets and economic conditions in the United States, and to a lesser extent, globally.

During the first quarter of 2026, global equity and debt markets experienced elevated volatility, with spread widening in fixed income markets as a result of intensifying geopolitical conflicts and heightened focus on the evolution of artificial intelligence ("AI"). The 10-year Treasury yield ended the first quarter of 2026 up nearly 15 basis points since the end of 2025 and the CBOE Volatility Index peaked above 30 during the first quarter of 2026, its highest level since April 2025. As a result of this volatility and higher inflation expectations, the Federal Reserve is now expected to maintain current interest rates in the near term. This volatility, coupled with the higher focus on private credit, has also resulted in more modest inflows and higher redemption requests at non-traded BDCs.

As a result, we approached this environment more conservatively resulting in a slower pace of origination activity in the quarter ended March 31, 2026; however, underlying credit performance remains strong and market spreads are beginning to widen. We have available capital to deploy into attractive risk-adjusted opportunities as the pipeline of compelling investments builds. We have also leveraged Blue Owl's expanded capabilities in alternative and asset-based credit, as well as digital infrastructure, to access attractive risk-adjusted opportunities and accretive, non-correlated returns. We have continued to invest in our specialty finance vehicles and joint ventures where we continue to see opportunities for higher returns that are less correlated with our core direct lending strategy.

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Specifically, we invest in OCIC SLF, Credit SLF, Blue Owl Leasing and in specialty financing portfolio companies, including Fifth Season, LSI Financing DAC, LSI Financing LLC, Wingspire, Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC) ("BOCSO") and Amergin AssetCo. See "*Specialty Financing Portfolio Companies*" and "*Joint Ventures.*" These companies may use our capital to support acquisitions which could continue to lead to increased dividend income supported by well-diversified underlying portfolios. We view these companies as a complement to our lending strategy and expect them to help offset rate and spread volatility and support net asset value growth. These companies have strong underlying diversification and generate predictable income streams.

Consistent with our last several quarters, a substantial portion of our financings are with existing borrowers, with the majority coming from large, incumbent borrowers, reflecting the advantage of incumbency and scale and allowing us to support their continued growth and maintain the credit quality of our portfolio.

We continue to focus on investing in upper middle-market businesses in non-cyclical industries we view as recession resistant and that we are familiar with, including defensive service-oriented sectors that provide intangible mission-critical solutions and products such as healthcare, business services, technology and insurance brokerage. These companies have diversified revenue streams, strong recurring cash flow profiles and healthy liquidity.

Blue Owl serves as the lead, co-lead or administrative agent on many of our investments and the majority of our investments are supported by sophisticated financial sponsors who provide operational and financial resources. Our borrowers have a weighted average EBITDA of approximately $292.8 million (up from approximately $166.7 million in 2021) and average revenue of approximately $1.22 billion (up from approximately $756.2 million in 2021) and we believe this scale contributes to the durability of our borrowers and their ability to adapt to different economic environments. In addition, Blue Owl's direct lending strategy continues to invest in, and is often the lead lender or administrative agent on, transactions in excess of $1.00 billion in size, which gives us the ability to structure the terms of such deals to maximize deal economics and credit protection and provide customized flexible solutions. The average hold size of Blue Owl's direct lending strategy's new investments is approximately $350.0 million (up from approximately $200.0 million in 2021) and average total new deal size is $1.50 billion (up from approximately $600.0 million in 2021).

We believe that the construction of our current portfolio coupled with our experienced investment team and strong underwriting standards leave us well-positioned for the current economic environment. Many of the companies in which we invest are continuing to see modest growth in both revenues and EBITDA. However, in the event of further geopolitical, economic and financial market instability in the U.S. and elsewhere, it is possible that the results of some of the middle-market companies similar to those in which we invest could be challenged.

The markdowns on our investments were primarily driven by credit spread widening and not a deterioration in the underlying quality of our assets. Across the portfolio we are not seeing a meaningful increase in amendment activity, requests for increased revolver borrowings, missed payments or other signs of an overall, broad deterioration in our results or those of our portfolio companies at this time, there can be no assurance that the performance of certain of our portfolio companies will not be negatively impacted by economic conditions, which could have a negative impact on our future results.

Our technology portfolio is managed by 40 dedicated investment professionals who assess the risks and opportunities of our prospective and existing investments, which has included those related to AI, for many years. As of March 31, 2026, year over year, our software borrowers, which make up 22% of the portfolio, continued to deliver revenue and EBITDA growth consistent with our broader investments. We also believe that our software borrowers are well positioned to evolve as a result of developments in AI and believe that a limited portion of these investments are subject to risk of significant disruption.

Within software, we remain focused on scaled companies that offer mission-critical solutions to established customer bases, with strong customer retention rates and high switching costs. We intend to continue to invest in companies that offer a depth of broad, integrated solutions and product offerings across a geographic diversity and we emphasize agile, adaptable technology that enables fast integration of AI and other emerging technologies to maintain a competitive edge. Specifically, within enterprise software we currently focus on investing in application software, which represents the operating layer for core business functions; systems and infrastructure software, which is the defense layer that protects enterprise data and networks and of which cybersecurity is a large component; and fintech and payments software, which provide critical means for the global movement of capital. We believe that these categories of enterprise software play specific, functional roles that will be difficult to bypass even as technology shifts because the need for auditability, control and data integrity will remain constant and these categories of software will provide a stable layer through which new technology is governed and executed. We also intend to identify ways to participate in growth of various industries as a result of AI. In the future, we may evaluate cross-platform opportunities to invest in data center assets and AI related equipment such as graphic processing units.

As of March 31, 2026, based on fair value, our portfolio consisted of 87.3% first lien senior secured debt investments (of which 43.1% we consider to be unitranche debt investments (including "last-out" portions of such loans)), 3.8% second-lien senior secured debt investments, 1.2% unsecured debt investments, 0.4% specialty finance debt investments, 1.4% preferred equity investments, 1.3% common equity investments, 3.6% specialty finance equity investments and 1.0% joint ventures.

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As of March 31, 2026, our weighted average total yield of the portfolio at fair value and amortized cost was 8.9% and 8.8%, respectively, and our weighted average yield of accruing debt and income producing securities at fair value and amortized cost was 9.1% and 8.9%, respectively. Refer to our weighted average yields and interest rates table for more information on our calculation of weighted average yields. As of March 31, 2026, the weighted average spread of total debt investments was 5.0%.

As of March 31, 2026 we had investments in 361 portfolio companies with an aggregate fair value of $35.50 billion. As of March 31, 2026, we had net leverage of 0.83x debt-to-equity and we target net leverage of 0.90x-1.25x debt-to-equity.

Our investment activity for the following periods is presented below (information presented herein is at par value unless otherwise indicated):

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| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| *($ in thousands)* | **2026** | **2025** |
| ***New investment commitments:*** |  |  |
| Gross originations | $3228891 | $6628211 |
| Less: Sell downs | (7731) |  |
| &nbsp;&nbsp;**Total new investment commitments** | $3221160 | $6628211 |
| ***Principal amount of new investments funded:*** |  |  |
| &nbsp;&nbsp;First-lien senior secured debt investments | $1886654 | $5253719 |
| &nbsp;&nbsp;Second-lien senior secured debt investments |  | 26017 |
| &nbsp;&nbsp;Unsecured debt investments |  | 139609 |
| &nbsp;&nbsp;Specialty finance debt investments |  | 13526 |
| &nbsp;&nbsp;Preferred equity investments | 9880 | 88049 |
| &nbsp;&nbsp;Common equity investments | 30163 | 7493 |
| &nbsp;&nbsp;Specialty finance equity investments | 401259 | 3623 |
| &nbsp;&nbsp;Joint venture investments | 3623 | 1231 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total principal amount of new investments funded** | $2331579 | $5533267 |
| **Drawdowns (repayments) on revolvers and delayed draw term loans, net** | $547885 | $270662 |
| ***Principal amount of investments sold or repaid:*** |  |  |
| &nbsp;&nbsp;First-lien senior secured debt investments<sup>(1)</sup> | $(2695168) | $(2351031) |
| &nbsp;&nbsp;Second-lien senior secured debt investments | (79017) | (19000) |
| &nbsp;&nbsp;Unsecured debt investments | (42624) | (139609) |
| &nbsp;&nbsp;Specialty finance debt investments |  | (1363) |
| &nbsp;&nbsp;Preferred equity investments | (2232) | (27502) |
| &nbsp;&nbsp;Common equity investments | (3204) |  |
| &nbsp;&nbsp;Specialty finance equity investments | (7909) | (77251) |
| &nbsp;&nbsp;&nbsp;Joint venture investments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total principal amount of investments sold or repaid** | $(2830154) | $(2615756) |
| **Number of new investment commitments in new portfolio companies**<sup>(2)</sup> | 24 | 46 |
| **Average new investment commitment amount in new portfolio companies**<sup>(2)</sup> | 67218 | 75382 |
| **Weighted average term for new debt investment commitments<br> (in years)** | 5.7 | 6.8 |
| **Percentage of new debt investment commitments at floating rates** | 100.0% | 100.0% |
| **Percentage of new debt investment commitments at fixed rates** | —% | —% |
| **Weighted average interest rate of new debt investment commitments**<sup>(3)</sup> | 8.2% | 8.8% |
| **Weighted Average Spread Over Applicable Base Rate of New Debt Investment Commitments at Floating Rates** | 4.6% | 4.5% |

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<sup>(1)</sup> Includes scheduled paydowns.

<sup>(2)</sup> Number of new investment commitments represents commitments to a particular portfolio company.

<sup>(3)</sup> Assumes each floating rate commitment is subject to the greater of the interest rate floor (if applicable) or 3-month SOFR, which was 3.68% and 4.29% as of March 31, 2026 and 2025, respectively.

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Investments at fair value and amortized cost consisted of the below as of the following periods:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| *($ in thousands)* | **Amortized Cost** | **Fair Value** | **Amortized Cost** | **Fair Value** |
| First-lien senior secured debt investments<sup>(1)</sup> | $31431207 | $30985887 | $31727075 | $31597264 |
| Second-lien senior secured debt investments | 1482929 | 1342673 | 1554896 | 1500498 |
| Unsecured debt investments | 433479 | 439084 | 463745 | 479850 |
| Specialty finance debt investments | 136796 | 136796 | 134800 | 134800 |
| Preferred equity investments | 517490 | 506595 | 508942 | 496312 |
| Common equity investments | 399883 | 457746 | 370541 | 435238 |
| Specialty finance equity investments | 1209838 | 1293753 | 814147 | 900635 |
| Joint ventures | 412634 | 337916 | 409012 | 374351 |
| &nbsp;&nbsp;**Total Investments** | $36024256 | $35500450 | $35983158 | $35918948 |

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<sup>(1)</sup> We consider 43.1% and 40.5% of first-lien senior secured debt investments to be unitranche loans as of March 31, 2026 and December 31, 2025, respectively.

The table below describes investments by industry composition based on fair value as of the following periods:

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| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Advertising and media | 1.4% | 1.3% |
| Aerospace and defense | 0.8 | 0.9 |
| Asset based lending and fund finance<sup>(1)</sup> | 1.7 | 1.5 |
| Automotive services | 2.2 | 2.1 |
| Buildings and real estate<sup>(6)</sup> | 3.1 | 2.9 |
| Business services | 4.1 | 3.9 |
| Chemicals | 2.2 | 2.1 |
| Consumer products | 1.4 | 1.6 |
| Containers and packaging | 2.5 | 2.7 |
| Distribution | 2.2 | 2.5 |
| Education | 0.5 | 0.6 |
| Energy equipment and services | 0.2 | 0.2 |
| Financial services | 6.4 | 6.5 |
| Food and beverage | 4.6 | 4.7 |
| Healthcare equipment and services | 6.9 | 7.0 |
| Healthcare providers and services | 13.2 | 13.9 |
| Healthcare technology | 5.8 | 5.6 |
| Household products | 1.6 | 1.5 |
| Human resource support services | 0.7 | 0.7 |
| Infrastructure and environmental services | 2.3 | 2.3 |
| Insurance<sup>(2)</sup> | 8.7 | 8.8 |
| Internet software and services | 12.5 | 11.6 |
| Joint ventures<sup>(3)</sup> | 1.0 | 1.0 |
| Leisure and entertainment | 2.7 | 2.8 |
| Manufacturing | 1.4 | 2.0 |
| Pharmaceuticals<sup>(4)</sup> | 2.3 | 1.4 |
| Professional services | 4.7 | 4.8 |
| Specialty retail | 0.9 | 0.9 |
| Telecommunications | 1.5 | 1.7 |
| Transportation | 0.5 | 0.5 |
| &nbsp;&nbsp;**Total** | 100.0% | 100.0% |

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<sup>(1)</sup> Includes investments in Amergin AssetCo, BOCSO and Wingspire.

<sup>(2)</sup> Includes investment in Fifth Season.

<sup>(3)</sup> Includes investments in OCIC SLF, Credit SLF and Blue Owl Leasing. See below, within Note 4, for more information.

<sup>(4)</sup> Includes investments in LSI Financing DAC and LSI Financing LLC.

<sup>(5)</sup> Rounds to less than 0.1%.

<sup>(6)</sup> Includes investments in Owl-HP Finance.

The table below describes investments by geographic composition based on fair value as of the following periods:

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| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| *United States:* |  |  |
| &nbsp;&nbsp;Midwest | 17.9% | 17.5% |
| &nbsp;&nbsp;Northeast | 22.1 | 21.9 |
| &nbsp;&nbsp;South | 32.0 | 32.8 |
| &nbsp;&nbsp;West | 19.2 | 19.2 |
| International | 8.8 | 8.6 |
| **Total** | 100.0% | 100.0% |

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The table below describes the weighted average yields and interest rates of our investments based on fair value as of the following periods:

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| | | |
|:---|:---|:---|
| | **As of March 31, 2026** | **As of December 31, 2025** |
| Weighted average total yield of portfolio<sup>(1)</sup> | 8.9% | 8.9% |
| Weighted average total yield of debt and income producing securities<sup>(1)</sup> | 9.1% | 9.1% |
| Weighted average interest rate of debt securities | 8.7% | 8.7% |
| Weighted average spread over base rate of all floating rate investments | 5.0% | 5.0% |

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<sup>(1)</sup> For non-stated rate income producing investments, computed based on (a) the dividend or interest income earned for the respective trailing twelve months ended on the measurement date, divided by (b) the ending fair value. In instances where historical dividend or interest income data is not available or not representative for the trailing twelve months ended, the dividend or interest income is annualized.

The weighted average yield of our debt and income producing securities is not the same as a return on investment for our shareholders but, rather, relates to a portion of our investment portfolio and is calculated before the payment of all of our and our subsidiaries' fees and expenses. The weighted average yield was computed using the effective interest rates as of each respective date, including accretion of original issue discount and loan origination fees, but excluding investments on non-accrual status, if any. There can be no assurance that the weighted average yield will remain at its current level.

Our Adviser monitors our portfolio companies on an ongoing basis. It monitors the financial trends of each portfolio company to determine if they are meeting their respective business plans and to assess the appropriate course of action with respect to each portfolio company. Our Adviser has several methods of evaluating and monitoring the performance and fair value of our investments, which may include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• assessment of success of the portfolio company in adhering to its business plan and compliance with covenants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• periodic and regular contact with portfolio company management and, if appropriate, the financial or strategic sponsor, to discuss financial position, requirements and accomplishments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• comparisons to other companies in the portfolio company's industry; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• review of monthly or quarterly financial statements and financial projections for portfolio companies.

An investment will be placed on the Adviser's credit watch list when select events occur and will only be removed from the watch list with oversight of the Diversified Lending Investment Committee and/or other agents of Blue Owl's Credit platform. Once an investment is on the credit watch list, the Adviser works with the borrower to resolve any financial stress through amendments, waivers or other alternatives. If a borrower defaults on its payment obligations, the Adviser's focus shifts to capital recovery. If an investment needs to be restructured, the Adviser's workout team partners with the investment team and all material amendments, waivers and restructurings require the approval of a majority of the Diversified Lending Investment Committee.

As part of the monitoring process, our Adviser employs an investment rating system to categorize our investments. In addition to various risk management and monitoring tools, our Adviser rates the credit risk of all investments on a scale of 1 to 5. This system is intended primarily to reflect the underlying risk of a portfolio investment relative to our initial cost basis in respect of such portfolio investment (i.e., at the time of origination or acquisition), although it may also take into account the performance of the portfolio company's business, the collateral coverage of the investment and other relevant factors. The rating system is as follows:

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| | |
|:---|:---|
| Investment Rating | Description |
| &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;Investments rated 1 involve the least amount of risk to our initial cost basis. The borrower is performing above expectations, and the trends and risk factors for this investment since origination or acquisition are generally favorable; |
| &nbsp;&nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;Investments rated 2 involve an acceptable level of risk that is similar to the risk at the time of origination or acquisition. The borrower is generally performing as expected and the risk factors are neutral to favorable. All investments or acquired investments in new portfolio companies are initially assessed a rating of 2; |
| &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;Investments rated 3 involve a borrower performing below expectations and indicates that the loan's risk has increased somewhat since origination or acquisition; |
| &nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;Investments rated 4 involve a borrower performing materially below expectations and indicates that the loan's risk has increased materially since origination or acquisition. In addition to the borrower being generally out of compliance with debt covenants, loan payments may be past due (but generally not more than 120 days past due); and |
| &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;Investments rated 5 involve a borrower performing substantially below expectations and indicates that the loan's risk has increased substantially since origination or acquisition. Most or all of the debt covenants are out of compliance and payments are substantially delinquent. Loans rated 5 are not anticipated to be repaid in full and we will reduce the fair market value of the loan to the amount we anticipate will be recovered. |

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Our Adviser rates the investments in our portfolio at least quarterly and it is possible that the rating of a portfolio investment may be reduced or increased over time. For investments rated 3, 4 or 5, our Adviser enhances its level of scrutiny over the monitoring of such portfolio company.

The Adviser has built out its portfolio management team to include workout experts who closely monitor our portfolio companies and who, on at least a quarterly basis, assess each portfolio company's operational and liquidity exposure and outlook to understand and mitigate risks; and, on at least a monthly basis, evaluates existing and newly identified situations where operating results are deviating from expectations. As part of its monitoring process, the Adviser focuses on projected liquidity needs and where warranted, re-underwriting credits and evaluating downside and liquidation scenarios.

The Adviser focuses on downside protection by leveraging existing rights available under our credit documents; however, for investments that are significantly underperforming or which may need to be restructured, the Adviser's workout team partners with the investment team and all material amendments, waivers and restructurings require the approval of a majority of the Diversified Lending Investment Committee. As of March 31, 2026, three of our portfolio companies are on non-accrual. Our average annual gain/(loss) ratio is (0.14)%.

The following table shows the composition of our portfolio on the 1 to 5 rating scale as of the following periods:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **As of March 31, 2026** | **As of March 31, 2026** | **As of December 31, 2025** | **As of December 31, 2025** |
|<br>**Investment Rating&nbsp;&nbsp;&nbsp;&nbsp;** | **Investments at Fair Value** | **Percentage of Total Portfolio** | **Investments at Fair Value** | **Percentage of Total Portfolio** |
| *($ in thousands)* |  |  |  |  |
| 1 | $2293760 | 6.5% | $3024891 | 8.4% |
| 2 | 31219448 | 87.9 | 30964900 | 86.2 |
| 3 | 1906295 | 5.4 | 1802851 | 5.0 |
| 4 | 79594 | 0.2 | 102729 | 0.3 |
| 5 | 1353 | 0.0 | 23577 | 0.1 |
| **Total** | $35500450 | 100.0% | $35918948 | 100.0% |

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The following table shows the amortized cost of our performing and non-accrual investments as of the following periods:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** |
|<br>*($ in thousands)* | **Amortized Cost** | **Percentage** | **Fair Value** | **Percentage**  | **Amortized Cost** | **Percentage** | **Fair Value** | **Percentage**  |
| Performing | $35896796 | 99.6% | $35420609 | 99.8% | $35782251 | 99.4% | $35793812 | 99.7% |
| Non-accrual | 127460 | 0.4% | 79841 | 0.2% | 200907 | 0.6% | 125136 | 0.3% |
| **Total** | $36024256 | 100.0% | $35500450 | 100.0% | $35983158 | 100.0% | $35918948 | 100.0% |

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Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management's judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management's judgment, are likely to

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remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.

**Specialty Financing Portfolio Companies and Joint Ventures**

We leverage the expanding role that private lenders are being asked to play in the broader credit markets to evaluate cross-platform opportunities including strategic equity and accretive joint venture investments that have cash flow and credit profiles that provide consistent income.

*Specialty Finance Portfolio Companies*

Amergin was created to invest in a leasing platform focused on railcar, aviation and other long-lived transportation assets. Amergin acquires existing on-lease portfolios of new and end-of-life railcars and related equipment and selectively purchases off-lease assets and is building a commercial aircraft portfolio through aircraft financing and engine acquisition on a sale and lease back basis. Amergin consists of Amergin AssetCo and Amergin Asset Management, LLC, which has entered into a Servicing Agreement with Amergin AssetCo. We made an initial equity commitment to Amergin AssetCo on July 1, 2022. As of March 31, 2026, our commitment to Amergin AssetCo is $231.6 million, of which $94.8 million is equity and $136.8 million is debt. As of March 31, 2026, the fair value of our investment in Amergin AssetCo was $216.2 million. As of March 31, 2026, the fair value of our investment in Amergin Asset Management, LLC was $2.0 million. We do not consolidate our equity interest in Amergin AssetCo or Amergin Asset Management, LLC.

BOCSO was formed to hold alternative credit assets, including ABF. ABF is a subsector of private credit focused on generating income from pools of financial, physical or other assets. As of March 31, 2026, the portfolio consists of five investments totaling $1.03 billion at cost and fair value, respectively, and ranging in cost from $24.9 million to $379.6 million and with fair value ranging from $24.7 million to $378.0 million. The largest investment is 36.9% of the total cost of BOCSO's portfolio. As of March 31, 2026, the portfolio asset class composition was 65.6% ABF — Specialty finance, 32.0% ABF — Leasing, and 2.4% ABF *—* Commercial Real Estate. We do not consolidate our equity interest in BOCSO.

Fifth Season is a portfolio company created to invest in life insurance based assets, including secondary and tertiary life settlement and other life insurance exposures using detailed analytics, internal life expectancy review and sophisticated portfolio management techniques. On July 18, 2022, we made an initial equity commitment to Fifth Season. As of March 31, 2026, the fair value of our investment in Fifth Season was $345.8 million. We do not consolidate our equity interest in Fifth Season.

LSI Financing DAC is a portfolio company formed to acquire contractual rights to revenue pursuant to earnout agreements generally in the life sciences space. On December 14, 2022, we made an initial equity commitment to LSI Financing DAC. As of March 31, 2026, fair value of our investment in LSI Financing DAC is $4.2 million. We do not consolidate our equity interest in LSI Financing DAC.

LSI Financing LLC is a separately managed portfolio company formed to indirectly own royalty purchase agreements and loans in the life sciences space. The Adviser provides consulting services to a subsidiary of LSI Financing LLC in exchange for a fee. The Adviser has agreed to waive a portion of the management fee payable by us pursuant to the Investment Advisory Agreement equal to our pro rata amount of such consulting fee. On November 25, 2024, we made an initial equity commitment to LSI Financing LLC. As of March 31, 2026, the fair value of our investment in LSI Financing LLC is $561.4 million and our total commitment is $724.7 million. We do not consolidate our equity interest in LSI Financing LLC.

Wingspire is an independent diversified direct lender focused on providing asset-based commercial finance loans and related senior secured loans to U.S.-based middle-market borrowers. Wingspire offers a wide variety of asset-based financing solutions to businesses in an array of industries, including revolving credit facilities, machinery and equipment term loans, real estate term loans, first-in/last-out tranches, cash flow term loans, and opportunistic/bridge financings. Wingspire conducts its business through an indirectly owned subsidiary, Wingspire Capital LLC. On November 7, 2025, we made an initial equity commitment to Wingspire. As of March 31, 2026, the fair value of our investment in Wingspire is $10.1 million and our total commitment is $45.0 million. We do not consolidate our equity interest in Wingspire.

Owl-HP Finance is an investment partnership with Hearthstone Residential Holdings ("Hearthstone"), a majority-owned subsidiary of Five Point Holdings, LLC ("Five Point") (NYSE:FPH). Owl-HP Finance was created to invest in residential land banking (or lot option) programs that provide capital to public home builders. As of March 31, 2026, the Company's investment at fair value in Owl-HP Finance was $44.1 million and our total commitment was $215.5 million. We do not consolidate our equity interest in Owl-HP Finance.

*Joint Ventures*

OCIC SLF LLC (f/k/a Blue Owl Credit Income Senior Loan Fund LLC) ("OCIC SLF"), a Delaware limited liability company, was formed as a wholly-owned subsidiary of the Company and commenced operations on February 14, 2022. On November 2, 2022, the Company and State Teachers Retirement System of Ohio ("OSTRS" and together with the Company, the "Members" and each, a "Member") entered into an Amended and Restated Limited Liability Company Agreement to co-manage OCIC SLF as a joint-venture. OCIC SLF's principal purpose is to make investments, primarily in senior secured loans that are made to middle-market companies,

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broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. The Company and OSTRS have agreed to contribute $437.5 million and $62.5 million, respectively, to OCIC SLF. The Company and OSTRS have a 87.5% and 12.5% economic ownership, respectively, in OCIC SLF. Except under certain circumstances, contributions to OCIC SLF cannot be redeemed. OCIC SLF is managed by a board consisting of an equal number of representatives appointed by each Member and which acts unanimously. Investment decisions must be approved unanimously by an investment committee consisting of an equal number of representative appointed by each Member. We do not consolidate our non-controlling interest in OCIC SLF.

Refer to <u>[Exhibit 99.1](ocicslf-03312026.htm)</u> for the OCIC SLF's Supplemental Financial Information.

On May 6, 2024, Credit SLF, a Delaware limited liability company, was formed as a joint venture between the Credit SLF Members. The Credit SLF Members co-manage Credit SLF. Credit SLF's principal purpose is to make investments in senior secured loans to middle-market companies, broadly syndicated loans and senior and subordinated notes issued by collateralized loan obligations. Credit SLF is managed by a board consisting of an equal number of representatives appointed by each Credit SLF Member and which acts unanimously. Investment decisions must be approved by Credit SLF's board. Our investment in Credit SLF is a co-investment made with our affiliates in accordance with the terms of the exemptive relief that we received from the SEC. We do not consolidate our non-controlling interest in Credit SLF.

Refer to <u>[Exhibit 99.2](blueowlcreditslfllc-033120.htm)</u> for the Credit SLF's Supplemental Financial Information.

On June 30, 2025, Blue Owl Leasing, a Delaware limited liability company, was formed as a joint venture between the Blue Owl Leasing Members. The Blue Owl Leasing Members co-manage Blue Owl Leasing. Blue Owl Leasing's principal purpose is to make investments in leases and loans. Investment decisions must be approved by Blue Owl Leasing. Our investment in Blue Owl Leasing is a co-investment made with our affiliates in accordance with the terms of the exemptive relief that we received from the SEC. We do not consolidate our non-controlling interest in Blue Owl Leasing.

Refer to <u>[Exhibit 99.3](blueowlleasingllc-03312026.htm)</u> for the Blue Owl Leasing's Supplemental Financial Information.

**Results of Operations**

The following table represents the operating results for the following periods:

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| | | | |
|:---|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | |
| *($ in thousands)* | **2026** | **2025** | **$ Change** |
| Total Investment Income | $833503 | $707250 | $126253 |
| Less: Operating Expenses | 407420 | 338304 | 69116 |
| &nbsp;&nbsp;&nbsp;Net Investment Income (Loss) Before Taxes | 426083 | 368946 | 57137 |
| &nbsp;&nbsp;&nbsp;Less: Income taxes, including excise taxes | (25) | 220 | (245) |
| &nbsp;&nbsp;&nbsp;Net Investment Income (Loss) After Taxes | 426108 | 368726 | 57382 |
| Net change in unrealized gain (loss) | (443451) | (53113) | (390338) |
| Net realized gain (loss) | (63023) | (63880) | 857 |
| &nbsp;&nbsp;&nbsp;**Net Increase (Decrease) in Net Assets Resulting from Operations** | $(80366) | $251733 | $(332099) |

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Net increase (decrease) in net assets resulting from operations can vary from period to period as a result of various factors, including the level of investment originations and exit activity, expenses, the recognition of realized gains and losses and changes in unrealized appreciation and depreciation on the investment portfolio. For the quarter ended March 31, 2026, our net asset value per share decreased, primarily driven by depreciation on the investment portfolio, and dividends paid in excess of earnings. For the quarter ended March 31, 2025, our net asset value per share decreased, primarily driven by a decrease in the fair value of our investments, net realized losses and dividends paid in excess of earnings.

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***Investment Income***

The following table represents investment income for the following periods:

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| | | | |
|:---|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | |
| *($ in thousands)* | **2026** | **2025** | **$ Change** |
| Interest income | $741668 | $630819 | $110849 |
| PIK interest income | 35317 | 28762 | 6555 |
| Dividend income | 31968 | 26496 | 5472 |
| PIK dividend income | 15439 | 13344 | 2095 |
| Other income | 9111 | 7829 | 1282 |
| &nbsp;&nbsp;**Total Investment Income** | $833503 | $707250 | $126253 |

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*Three Months Ended March 31, 2026 Compared to the Three Months Ended March 31, 2025* 

Investment income increased to $833.5 million for the three months ended March 31, 2026, from $707.3 million for the same period in the prior year, primarily due to an increase in interest income as a result of an increase in our debt investment portfolio which, at par, increased from $28.34 billion as of March 31, 2025 to $33.80 billion as of March 31, 2026, partially offset by a decrease in base interest rates. Included in interest income are other fees such as prepayment fees and accelerated amortization of upfront fees from unscheduled paydowns which are non-recurring in nature. Income generated from these fees increased to $16.4 million for the three months ended March 31, 2026, from $15.7 million for the three months ended March 31, 2025, due to an increase in repayment activity.

For the three months ended March 31, 2026, PIK interest and PIK dividend income earned was $35.3 million and $15.4 million, respectively. PIK interest and PIK dividend income represented approximately 4.2% and 1.9% of total investment income for the three months ended March 31, 2026, respectively. For the three months ended March 31, 2025, PIK interest and PIK dividend income earned were $28.8 million and $13.3 million, respectively. PIK interest and PIK dividend income represented approximately 4.1% and 1.9% of total investment income for the three months ended March 31, 2025, respectively. Other income increased period-over-period due to an increase in unfunded investment commitment fees and incremental fee income, which are fees that are generally available to us as a result of closing investments and generally paid at the time of closing or as a result of episodic amendments made to the terms of our existing debt investments. Included in investment income is dividend income which includes income earned primarily from our controlled, affiliated equity investments. We expect that investment income will vary based on a variety of factors including the pace of our originations and repayments.

***Expenses***

The following table represents expenses for the following periods:

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| | | | |
|:---|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | |
| *($ in thousands)* | **2026** | **2025** | **$ Change** |
| Offering costs | $1640 | $1962 | $(322) |
| Interest expense | 257207 | 216560 | 40647 |
| Management fees | 62230 | 46397 | 15833 |
| Performance based incentive fees | 60840 | 52675 | 8165 |
| Professional fees | 6751 | 5596 | 1155 |
| Directors' fees | 445 | 320 | 125 |
| Shareholder servicing fees | 13646 | 11408 | 2238 |
| Other general and administrative | 4661 | 3386 | 1275 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Operating Expenses** | $407420 | $338304 | $69116 |

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<sup>(1)</sup> Refer to "*Note 3 — Agreements and Related Party Transactions"* to our consolidated financial statements included in this Quarterly Report for additional details on management fee waiver.

Under the terms of the Administration Agreement, we reimburse the Adviser for services performed for us. In addition, pursuant to the terms of the Administration Agreement, the Adviser may delegate its obligations under the Administration Agreement to an affiliate or to a third party and we reimburse the Adviser for any services performed for us by such affiliate or third party.

*Three Months Ended March 31, 2026 Compared to the Three Months Ended March 31, 2025*

Total operating expenses increased to $407.4 million for the three months ended March 31, 2026 from $338.3 million for the same period in the prior year, primarily due to an increase in interest expense, management fees and incentive fees. The increase in

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interest expense was driven by an increase in average daily borrowings to $16.28 billion from $12.50 billion period-over-period, partially offset by a decrease in the average interest rate to 6.1% from 6.8% period-over-period. The increase in management fees was driven by growth in the net asset value of the fund. The increase in incentive fees was due to higher pre-incentive fee net investment income earned during the three months ended March 31, 2026, compared to the three months ended March 31, 2025. As a percentage of total assets, offering costs, professional fees, directors' fees and other general and administrative expenses remained relatively consistent period-over-period.

***Income Taxes, Including Excise Taxes***

We have elected to be treated as a RIC under subchapter M of the Code, and we intend to operate in a manner so as to continue to qualify for the tax treatment applicable to RICs. To qualify for tax treatment as a RIC, we must, among other things, distribute to our shareholders in each taxable year generally at least the sum of (i) 90% of our investment company taxable income, as defined by the Code, and (ii) 90% of our net tax-exempt income for that taxable year. To maintain our tax treatment as a RIC, we, among other things, intend to make the requisite distributions to our shareholders, which generally relieves us from U.S. federal income taxes as corporate tax rates.

Depending on the level of taxable income earned in a tax year, we can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that we determine that our estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, we will accrue excise tax on estimated excess taxable income.

For the three months ended March 31, 2026, we did not record any U.S. federal excise tax, and for the three months ended March 31, 2025, we recorded $0.2 million.

Certain of our consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes. For the three months ended March 31, 2026 and 2025, we recorded a net tax expense/(benefit) of approximately $(25) thousand and $4 thousand, for taxable subsidiaries, respectively.

We recorded a net deferred tax liability of $1.3 million and net deferred tax liability of $1.6 million of as of March 31, 2026 and December 31, 2025, respectively, for taxable subsidiaries, which is primarily related to GAAP to tax outside basis differences in the taxable subsidiaries' investment in certain partnership interests.

***Net Unrealized Gains (Losses)***

We fair value our portfolio investments quarterly and any changes in fair value are recorded as unrealized gains or losses. The below table represents the net unrealized gains (losses) on our investment portfolio for the following periods:

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| | | | |
|:---|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | |
| *($ in thousands)* | **2026** | **2025** | **$ Change** |
| Net change in unrealized gain (loss) on investments | $(437260) | $(60810) | $(376450) |
| Net change in translation of assets and liabilities in foreign currencies | (6473) | 7528 | (14001) |
| Excise Tax | 282 | 169 | 113 |
| &nbsp;&nbsp;**Net Change in Unrealized Gain (Loss)** | $(443451) | $(53113) | $(390338) |

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*Three Months Ended March 31, 2026 Compared to the Three Months Ended March 31, 2025* 

For the three months ended March 31, 2026, the net unrealized loss on investments was primarily driven by widening market spreads and decreases in the fair value of certain debt and equity investments, partially offset by increases in the fair value of certain equity investments and reversals of prior period unrealized losses that were realized during the period in connection with a restructuring and other exits. As of March 31, 2026, the fair value of our debt investments as a percentage of principal was 97.3%, as compared to 98.4% as of December 31, 2025.

For the three months ended March 31, 2025, the net unrealized loss was primarily driven by decreases in the fair value of certain debt investments, partially offset by reversals of prior period unrealized losses that were realized during the period in connection with

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restructurings. As of March 31, 2025, the fair value of our debt investments as a percentage of principal was 98.6%, as compared to 98.9% as of December 31, 2024.

The ten largest contributors to the change in net unrealized gain (loss) on investments during the three months ended March 31, 2026 and 2025, consisted of the following:

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| | | | |
|:---|:---|:---|:---|
| **Portfolio Company**<br>*($ in millions)* | **For the Three Months Ended March 31, 2026** | **Portfolio Company** <br>*($ in millions)* | **For the Three Months Ended March 31, 2025** |
| Barracuda Parent, LLC | $(45.8) | OCIC SLF LLC (fka Blue Owl Credit Income Senior Loan Fund LLC)<sup>(1)</sup> | $(19.4) |
| OCIC SLF LLC (fka Blue Owl Credit Income Senior Loan Fund LLC)<sup>(1)</sup> | (33.7) | EOS Finco S.A.R.L | (17.1) |
| Plasma Buyer LLC (dba PathGroup) | (24.8) | Notorious Topco, LLC (dba Beauty Industry Group) | (14.4) |
| Kaseya Inc. | (19.7) | Asurion, LLC | (5.7) |
| Cornerstone OnDemand, Inc. | (15.2) | Gloves Buyer, Inc. (dba Protective Industrial Products) | (5.2) |
| Cloud Software Group, Inc. | (13.9) | Creek Parent, Inc. (dba Catalent) | 4.1 |
| Project Alpha Intermediate Holding, Inc. (dba Qlik) | (13.0) | KWOR Acquisition, Inc. (dba Alacrity Solutions) | 7.5 |
| NSCALE SERVICES UK LTD | 18.0 | AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC<sup>(1)</sup> | 9.0 |
| Physician Partners, LLC | 26.5 | Ivanti Software, Inc. | 11.8 |
| EOS Finco S.A.R.L | 46.3 | Physician Partners, LLC | 39.5 |
| Remaining Portfolio Companies | (362.0) | Remaining portfolio companies | (70.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total** | $(437.3) | &nbsp;&nbsp;&nbsp;&nbsp;**Total** | $(60.8) |

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<sup>(1)</sup> Portfolio company is a controlled, affiliated investment.

<sup>(2)</sup> Portfolio company is a non-controlled, affiliated investment.

***Net Realized Gains (Losses)***

The table below represents the realized gains and losses on fully exited and partially exited portfolio companies during the following periods:

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| | | | |
|:---|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** | |
| &nbsp;&nbsp;*($ in thousands)* | **2026** | **2025** | **$ Change** |
| Net realized gain (loss) on investments | $(67127) | $(57865) | (9262) |
| Net realized gain (loss) on foreign currency transactions | 4104 | (6015) | 10119 |
| &nbsp;&nbsp;**Net Realized Gain (Loss)** | $(63023) | $(63880) | $857 |

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For the three months ended March 31, 2026, we recognized net realized losses on investments of $67.1 million, primarily driven by the full or partial sales of investments and the restructuring of a certain debt investment. For the three months ended March 31, 2026, we recognized net realized gain on translation of assets and liabilities in foreign currencies of $4.1 million, as compared to a loss of $6.0 million for the prior year period, driven primarily as a result of fluctuations in the EUR vs. US Dollar.

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The largest contributors to the change in net realized gain (loss) on investments during the three months ended March 31, 2026 and 2025, consisted of the following:

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| | | | |
|:---|:---|:---|:---|
| **Portfolio Company** <br>*($ in millions)* | **For the Three Months Ended March 31, 2026** | **Portfolio Company** <br>*($ in millions)* | **For the Three Months Ended March 31, 2025** |
| EOS Finco S.A.R.L | $(46.9) | Physician Partners, LLC | $(33.1) |
| Ideal Image Development, LLC | (12.1) | Ivanti Software, Inc. | (14.0) |
| Walker Edison Furniture Company LLC | (6.6) | KWOR Acquisition, Inc. (dba Alacrity Solutions) | (9.0) |
| Boxer Parent Company Inc. (f/k/a BMC) | (1.7) | BW Holding, Inc. | (3.0) |
| Asurion, LLC | 0.7 | Pegasus BidCo B.V. | 0.1 |
| Blackhawk Network Holdings, Inc | (0.4) | Project Ruby Ultimate Parent Corp. (dba Wellsky) | 0.1 |
| RealPage, Inc. | (0.4) | Engineered Machinery Holdings, Inc. (dba Duravant) | 0.1 |
| Ascensus Holdings, Inc. | (0.2) | OneDigital Borrower LLC | 0.1 |
| Clydesdale Acquisition Holdings, Inc. (dba Novolex) | (0.2) | Raven Acquisition Holdings, LLC (dba R1 RCM) | 0.2 |
| Cohnreznick Advisory LLC | 0.2 | Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.) | 0.3 |
| Remaining Portfolio Companies | 0.4 | Remaining Portfolio Companies | 0.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total** | $(67.2) | &nbsp;&nbsp;&nbsp;&nbsp;**Total** | $(57.9) |

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**Financial Condition, Liquidity and Capital Resources**

Our liquidity and capital resources are generated primarily from the net proceeds of any offering of our common stock and from cash flows from interest, dividends and fees earned from our investments and principal repayments and proceeds from sales of our investments. The primary uses of our cash are for (i) investments in portfolio companies and other investments and to comply with certain portfolio diversification requirements, (ii) the cost of operations (including paying or reimbursing our Adviser), (iii) debt service, repayment and other financing costs of any borrowings and (iv) cash distributions to the holders of our shares.

We may from time to time enter into additional credit facilities, increase the size of our existing credit facilities or issue debt securities. Any such incurrence or issuance would be subject to prevailing market conditions, our liquidity requirements, contractual and regulatory restrictions and other factors. In accordance with the 1940 Act, with certain limited exceptions, we are only allowed to incur borrowings, issue debt securities or issue preferred stock, if immediately after the borrowing or issuance, the ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred stock, is at least 150%. Our current target leverage ratio is 0.90x-1.25x.

In addition, from time to time, we may seek to retire, repurchase, or exchange debt securities in open market purchases or by other means, including privately negotiated transactions, in each case dependent on market conditions, liquidity, contractual obligations, and other matters. The amounts involved in any such transactions, individually or in the aggregate, may be material.

As of March 31, 2026 and December 31, 2025, our asset coverage ratios were 215% and 223%, respectively. We seek to carefully consider our unfunded commitments for the purpose of planning our ongoing financial leverage. Further, we maintain sufficient borrowing capacity within the 150% asset coverage limitation to cover any outstanding unfunded commitments we are required to fund.

Cash as of March 31, 2026, taken together with our available debt, is expected to be sufficient for our investing activities and to conduct our operations in the near term. As of March 31, 2026 we had $4.01 billion available under our credit facilities.

Our long-term cash needs will include principal payments on outstanding indebtedness and funding of additional portfolio investments. Funding for long-term cash needs will come from unused net proceeds from financing activities. We believe that our liquidity and sources of capital are adequate to satisfy our short and long-term cash requirements. We cannot, however, be certain that these sources of funds will be available at a time and upon terms acceptable to us in sufficient amounts in the future.

As of March 31, 2026, we had $0.74 billion in cash. During the three months ended March 31, 2026, we used $0.20 billion in cash for operating activities, primarily as a result of funding portfolio investments of $2.54 billion and other operating activities of $0.20 billion, partially offset by sales and repayments of portfolio investments of $2.50 billion. Lastly, cash provided by financing activities was $0.20 billion during the period, which was the result of proceeds from the issuance of shares of $0.67 billion and net borrowings on our credit facilities, partially offset by $0.26 billion of distributions paid and share repurchases of $1.01 billion.

------

***Net Assets***

*Share Issuances*

We have the authority to issue 4,500,000,000 common shares at $0.01 per share par value, 1,500,000,000 of which are classified as Class S common shares, 1,000,000,000 of which are classified as Class D common shares, and 2,000,000,000 of which are classified as Class I common shares. Pursuant to our initial public offering we offered $2,500,000,000 in any combination of shares of Class S, Class D, and Class I common stock. On February 14, 2022, we commenced our follow-on offering, pursuant to which we offered, on a continuous basis, up to $13,500,000,000 in any combination of amount of shares of Class S, Class D and Class I common stock. Pursuant to our current offering we are offering $14,000,000,000 in any combination of shares of Class S, Class D and Class I common stock.

On June 25, 2024, we filed Articles of Amendment with the State Department of Assessments and Taxation of Maryland for the purpose of amending the Company's Second Articles of Amendment and Restatement to increase the number of authorized shares of the Company's common stock, $0.01 par value per share, and preferred stock, $0.01 par value per share, to 4,500,000,000 Shares, consisting of 1,500,000,000 Class S Shares, 1,000,000,000 Class D Shares, 2,000,000,000 Class I Shares, and no shares of preferred stock. The Articles of Amendment became immediately effective upon filing.

We also sell shares of our Class I common stock to feeder vehicles primarily created to hold our Class I shares. The offer and sale of these shares is exempt from the registration provisions of the Securities Act of 1933 pursuant to Section 4(a)(2) and/or Regulation S.

Shares of our common stock are not listed for trading on a stock exchange or other securities market and there is no established public trading market for our common stock. Currently, the purchase price per share for each class of common stock varies, but will not be sold at a price below our net asset value per share of such class, as determined in accordance with our share pricing policy, plus applicable upfront selling commissions.

The below tables summarize transactions with respect to shares of our common stock during the following periods:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** |
| | **S** | **S** | **D** | **D** | **I** | **I** | **Total** | **Total** |
| *($ in thousands, except share amounts)* | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** |
| Shares/gross proceeds from the continuous public offering | 17186533 | $160803 | 484852 | $4495 | 46158273 | $506932 | 63829658 | $672230 |
| Shares/gross proceeds from the private placements |  |  |  |  | 8484254 |  | 8484254 |  |
| Share transfer between classes | (3017228) | (28011) | (6355) | (58) | 3016296 | 28069 | (7287) |  |
| Reinvestment of distributions | 7226845 | 66700 | 438807 | 4055 | 13817236 | 127870 | 21482888 | 198625 |
| Repurchased shares | (21371701) | (194086) | (4893111) | (44477) | (79537341) | (724544) | (105802153) | (963107) |
| Total shares/gross proceeds | 24449 | 5406 | (3975807) | (35985) | (8061282) | (61673) | (12012640) | (92252) |
| Sales load |  | (1827) |  |  |  |  |  | (1827) |
| &nbsp;&nbsp;**Total Shares/Net Proceeds** | 24449 | $3579 | (3975807) | $(35985) | (8061282) | $(61673) | (12012640) | $(94079) |

---

<sup>(1)</sup> In certain cases, and subject to Blue Owl Securities LLC's (d/b/a Blue Owl Securities) (the "Dealer Manager") approval, including in situations where a holder of Class S or Class D shares exits a relationship with a participating broker-dealer for this offering and does not enter into a new relationship with a participating broker-dealer for this offering, such holder's shares may be exchanged into an equivalent net asset value amount of Class I shares.

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** |
| | **S** | **S** | **D** | **D** | **I** | **I** | **Total** | **Total** |
| *($ in thousands, except share amounts)* | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** |
| Shares/gross proceeds from the continuous public offering | 56793287 | $545712 | 5939949 | $57107 | 104898800 | $1002790 | 167632036 | $1605609 |
| Shares/gross proceeds from the private placements |  |  |  |  | 34115615 | 325637 | 34115615 | 325637 |
| Share transfer between classes<sup>(1)</sup> | (2370300) | (22590) | 2733 | 24 | 2360148 | 22566 | (7419) |  |
| Reinvestment of distributions | 5831531 | 55580 | 426487 | 4069 | 11063342 | 105776 | 17321360 | 165425 |
| Repurchased shares | (5655204) | (53498) | (201862) | (1912) | (15652202) | (148539) | (21509268) | (203949) |
| Total shares/gross proceeds | 54599314 | 525204 | 6167307 | 59288 | 136785703 | 1308230 | 197552324 | 1892722 |
| Sales load |  | (4574) |  | (430) |  |  |  | (5004) |
| &nbsp;&nbsp;**Total Shares/Net Proceeds** | 54599314 | $520630 | 6167307 | $58858 | 136785703 | $1308230 | 197552324 | $1887718 |

---

<sup>(1)</sup> In certain cases, and subject to Blue Owl Securities LLC's (d/b/a Blue Owl Securities) (the "Dealer Manager") approval, including in situations where a holder of Class S or Class D shares exits a relationship with a participating broker-dealer for this offering and does not enter into a new relationship with a participating broker-dealer for this offering, such holder's shares may be exchanged into an equivalent net asset value amount of Class I shares.

In accordance with our share pricing policy, we will modify our public offering prices to the extent necessary to comply with the requirements of the 1940 Act, including the requirement that we will not sell shares at a net offering price below the net asset value per share unless we obtain the requisite approval from our shareholders.

The changes to our offering price per share since the commencement of our initial continuous public offering and associated effective dates of such changes were as follows:

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| | | | |
|:---|:---|:---|:---|
| **S** | **S** | **S** | **S** |
| **Effective Date** | **Net Offering Price <br>(per share)** | **Maximum Upfront Sales Load <br>(per share)** | **Maximum Offering Price <br>(per share)** |
| January 1, 2025 | $9.54 | $0.33 | $9.87 |
| February 1, 2025 | 9.54 | 0.33 | 9.87 |
| March 1, 2025 | 9.51 | 0.33 | 9.84 |
| January 1, 2026 | 9.32 | 0.33 | 9.65 |
| February 1, 2026 | 9.25 | 0.32 | 9.57 |
| March 1, 2026 | 9.11 | 0.32 | 9.43 |

---

---

| | | | |
|:---|:---|:---|:---|
| **D** | **D** | **D** | **D** |
| **Effective Date** | **Net Offering Price <br>(per share)** | **Maximum Upfront Sales Load <br>(per share)** | **Maximum Offering Price <br>(per share)** |
| January 1, 2025 | $9.55 | $0.14 | $9.69 |
| February 1, 2025 | 9.55 | 0.14 | 9.69 |
| March 1, 2025 | 9.52 | 0.14 | 9.66 |
| January 1, 2026 | 9.33 | 0.14 | 9.47 |
| February 1, 2026 | 9.26 | 0.14 | 9.40 |
| March 1, 2026 | 9.12 | 0.14 | 9.26 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **I** | **I** | **I** | **I** |
| **Effective Date** | **Net Offering Price <br>(per share)** | **Maximum Upfront Sales Load <br>(per share)** | **Maximum Offering Price <br>(per share)** |
| January 1, 2025 | $9.57 | $— | $9.57 |
| February 1, 2025 | 9.57 |  | 9.57 |
| March 1, 2025 | 9.54 |  | 9.54 |
| January 1, 2026 | 9.34 |  | 9.34 |
| February 1, 2026 | 9.28 |  | 9.28 |
| March 1, 2026 | 9.13 |  | 9.13 |

---

*Distributions*

The Board authorizes and declares monthly distribution amounts per share of common stock, payable monthly in arrears. The following tables present cash distributions per share that were recorded during the following periods:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** |
|<br>**Declaration Date** | **Record Date** | **Payment Date** | **Distribution Per Share**<sup>(1)</sup> | **Distribution Amount**<sup>(2)</sup> | **Distribution Amount**<sup>(2)</sup> | **Distribution Amount**<sup>(2)</sup> |
| *($ in thousands, except per share amounts)* | *($ in thousands, except per share amounts)* |  |  | **S** | **D** | **I** |
| November 4, 2025 | January 30, 2026 | February 25, 2026 | $0.07010 | $43232 | $4123 | $99296 |
| February 18, 2026 | February 27, 2026 | March 30, 2026 | 0.07010 | 44082 | 4158 | 100913 |
| February 18, 2026 | March 31, 2026 | April 28, 2026 | 0.07010 | 42572 | 3817 | 96488 |
|  |  | **Total** | $0.21030 | $129886 | $12098 | $296697 |

---

<sup>(1)</sup> Distributions per share are gross of shareholder servicing fees.

<sup>(2)</sup> Distribution amounts are net of shareholder servicing fees.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** |
|<br>**Declaration Date** | **Record Date** | **Payment Date** | **Distribution Per Share**<sup>(1)</sup> | **Distribution Amount**<sup>(2)</sup> | **Distribution Amount**<sup>(2)</sup> | **Distribution Amount**<sup>(2)</sup> |
| *($ in thousands, except per share amounts)* | *($ in thousands, except per share amounts)* |  |  | **S** | **D** | **I** |
| November 5, 2024 | January 31, 2025 | February 25, 2025 | $0.07010 | $33890 | $3499 | $69929 |
| February 18, 2025 | February 28, 2025 | March 25, 2025 | 0.07010 | 35308 | 3794 | 72626 |
| February 18, 2025 | March 31, 2025 | April 24, 2025 | 0.10280 | 54669 | 5767 | 111979 |
|  |  | &nbsp;&nbsp;**Total** | $0.24300 | $123867 | $13060 | $254534 |

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<sup>(1)</sup> Distributions per share are gross of shareholder servicing fees.

<sup>(2)</sup> Distribution amounts are net of shareholder servicing fees.

During certain periods, our distributions may exceed our earnings. As a result, it is possible that a portion of the distributions we make may represent a return of capital. A return of capital generally is a return of a shareholder's investment rather than a return of earnings or gains derived from our investment activities. Each year, a statement on Form 1099-DIV identifying the tax character of the distributions will be mailed to our shareholders. The tax character of the distributions are not determined until our taxable year end.

We have adopted a distribution reinvestment plan which was amended and restated on May 6, 2024. The amended and restated distribution reinvestment plan is an "opt-in" plan and provides for the reinvestment of cash distributions on behalf of shareholders who have enrolled in the distribution reinvestment plan. As a result, if the Board authorizes and declares a cash distribution, then the shareholders who have enrolled in the distribution reinvestment plan will have their cash distributions reinvested in additional shares of our common stock, rather than receiving the cash distribution. We expect to use newly issued shares to implement the distribution reinvestment plan.

We may fund our cash distributions to shareholders from any source of funds available to us, including but not limited to offering proceeds, net investment income from operations, capital gains proceeds from the sale of assets, dividends or other distributions paid to us on account of preferred and common equity investments in portfolio companies and expense support from the Adviser, which is subject to recoupment. In no event, however, will funds be advanced or borrowed for the purpose of distributions, if the amount of such distributions would exceed our accrued and received revenues for the previous four quarters, less paid and accrued operating expenses with respect to such revenues and costs.

Sources of distributions, other than net investment income and realized gains on a U.S. GAAP basis, include required adjustments to U.S. GAAP net investment income in the current period to determine taxable income available for distributions. The below tables

------

reflect the sources of cash distributions on a U.S. GAAP basis that we have declared on our shares of common stock during the following periods:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** | **For the Three Months Ended March 31, 2026** |
| | **S** | **S** | **D** | **D** | **I** | **I** | **Total** | **Total** |
|<br>**Source of Distribution** | **Per Share**<sup>(1)</sup> | **Amount** | **Per Share**<sup>(1)</sup> | **Amount** | **Per Share**<sup>(1)</sup> | **Amount** | **Per Share**<sup>(1)</sup> | **Amount** |
| *($ in thousands, except per share amounts)* | *($ in thousands, except per share amounts)* | *($ in thousands, except per share amounts)* |  |  |  |  |  |  |
| Net investment income | $0.20295 | $125851 | $0.19944 | $11745 | $0.20144 | $288512 | $0.20186 | $426108 |
| Net realized gain on investments |  |  |  |  |  |  |  |  |
| Distributions in excess of net investment income | 0.00735 | 4035 | 0.01086 | 353 | 0.00886 | 8185 | 0.00844 | 12573 |
| **Total** | $0.21030 | $129886 | $0.21030 | $12098 | $0.21030 | $296697 | $0.21030 | $438681 |

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<sup>(1)</sup> Distributions per share are gross of shareholder servicing fees. Net investment income per share includes shareholder servicing fees.

---

| | | | |
|:---|:---|:---|:---|
| | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** | **For the Three Months Ended March 31, 2025** |
|<br>**Source of Distribution**<sup>(2)</sup> | **Per Share**<sup>(1)</sup> | **Amount** | **Percentage** |
| *($ in thousands, except per share amounts)* |  |  |  |
| Net investment income | $0.22900 | $368726 | 94.2% |
| Distributions in excess of net investment income<sup>(3)</sup> | 0.01400 | 22735 | 5.8 |
| **Total** | $0.24300 | $391461 | 100.0% |

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<sup>(1)</sup> Distributions per share are gross of shareholder servicing fees.

<sup>(2)</sup> Data in this table is presented on a consolidated basis. Refer to "*Note 12 — Financial Highlights*" to our consolidated financial statements included in this Quarterly Report for amounts by share class.

<sup>(3)</sup> Represents the distributions in excess of net investment income for the current period. The Company has accumulated undistributed earnings as of March 31, 2025.

*Share Repurchases*

Our Board has complete discretion to determine whether we will engage in any share repurchase, and if so, the terms of such repurchase. At the discretion of our Board, we may use cash on hand, cash available from borrowings, and cash from the sale of our investments as of the end of the applicable period to repurchase shares.

We have commenced a share repurchase program pursuant to which we intend to conduct quarterly repurchase offers to allow our shareholders to tender their shares at a price equal to the net offering price per share for the applicable class of shares on each date of repurchase.

All shares purchased by us pursuant to the terms of each offer to repurchase will be retired and thereafter will be authorized and unissued shares.

We intend to limit the number of shares to be repurchased in each quarter to no more than 5.00% of our outstanding shares of our common stock.

Any periodic repurchase offers are subject in part to our available cash and compliance with the BDC and RIC qualification and diversification rules promulgated under the 1940 Act and the Code, respectively. While we intend to continue to conduct quarterly tender offers as described above, we are not required to do so and may suspend or terminate the share repurchase program at any time. Refer to *"Recent Developments — Shares Repurchases"* for additional details on our tender offers.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Offer Date** | **Class** | **Tender Offer<br>Expiration** | **Tender Offer<br>(in thousands)** | **Purchase Price<br>per Share** | **Shares<br>Repurchased** |
| February 26, 2025 | S | March 31, 2025 | $53498 | $9.46 | 5655204 |
| February 26, 2025 | D | March 31, 2025 | 1912 | 9.47 | 201862 |
| February 26, 2025 | I | March 31, 2025 | 148539 | 9.49 | 15652202 |
| February 27, 2026 | S | March 31, 2026 | 194086 | 9.08 | 21371701 |
| February 27, 2026 | D | March 31, 2026 | 44477 | 9.09 | 4893111 |
| February 27, 2026 | I | March 31, 2026 | 724544 | 9.11 | 79537341 |

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***Debt***

As of March 31, 2026, we had in place an Amended and Restated Senior Secured Revolving Credit Agreement (as amended from time to time, the "Revolving Credit Facility"), as well as a special purpose vehicle asset credit facilities and unsecured notes and in the future, we may enter into additional borrowing arrangements of these types. See "*Note 5 — Debt*" to our consolidated financial statements included in this Quarterly Report.

*Aggregate Borrowings*

Our debt obligations consisted of the following as of the following periods:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| *($ in thousands)* | **Maturity Date** | **Aggregate Principal Committed** | **Outstanding Principal** | **Amount Available**<sup>(1)</sup> | **Unamortized Debt Issuance Costs** | **Net Carrying Value** |
| Revolving Credit Facility<sup>(2)(4)</sup> | October 18, 2029 | $3900000 | $568310 | $3240717 | $(19252) | $549058 |
| SPV Asset Facility I | May 15, 2036 | 650000 | 238600 | 12852 | (7175) | 231425 |
| SPV Asset Facility II | April 18, 2030 | 2000000 | 932000 | 90328 | (17026) | 914974 |
| SPV Asset Facility III | May 22, 2030 | 2000000 | 1233500 | 182404 | (15690) | 1217810 |
| SPV Asset Facility IV | March 16, 2035 | 500000 | 240000 | 96398 | (5171) | 234829 |
| SPV Asset Facility V | October 16, 2029 | 750000 | 606250 | 46002 | (4996) | 601254 |
| SPV Asset Facility VI | April 10, 2035 | 1350000 | 746000 | 80572 | (10988) | 735012 |
| SPV Asset Facility VII<sup>(2)</sup> | May 21, 2029 | 500000 | 463319 | 6657 | (2457) | 460862 |
| SPV Asset Facility VIII | December 17, 2035 | 1000000 | 587500 | 80629 | (5162) | 582338 |
| SPV Asset Facility IX | August 12, 2030 | 300000 | 230000 | 59095 | (2535) | 227465 |
| SPV Asset Facility X | December 31, 2035 | 750000 | 250000 | 80144 | (4779) | 245221 |
| SPV Asset Facility XI | March 05, 2029 | 500000 | 218000 | 31727 | (2820) | 215180 |
| CLO VIII | April 21, 2037 | 375000 | 375000 |  | (2165) | 372835 |
| CLO XI | May 15, 2035 | 260000 | 260000 |  | (1464) | 258536 |
| CLO XV | January 20, 2036 | 312000 | 312000 |  | (2443) | 309557 |
| CLO XVI | April 20, 2036 | 420000 | 420000 |  | (2374) | 417626 |
| CLO XVII | July 15, 2036 | 325000 | 325000 |  | (2515) | 322485 |
| CLO XVIII | July 24, 2036 | 260000 | 260000 |  | (1659) | 258341 |
| CLO XIX | October 22, 2037 | 260000 | 260000 |  | (1807) | 258193 |
| CLO XXII | October 20, 2037 | 737500 | 737500 |  | (3028) | 734472 |
| CLO XXIV | January 22, 2038 | 600000 | 600000 |  | (1813) | 598187 |
| September 2026 Notes | September 23, 2026 | 350000 | 350000 |  | (805) | 349195 |
| February 2027 Notes | February 08, 2027 | 500000 | 500000 |  | (1391) | 498609 |
| September 2027 Notes<sup>(3)</sup> | September 16, 2027 | 600000 | 600000 |  | 2808 | 599155 |
| AUD 2027 Notes<sup>(2)(3)(5)</sup> | October 23, 2027 | 301816 | 301816 |  | (1560) | 305128 |
| May 2028 Notes<sup>(3)</sup> | May 23, 2028 | 500000 | 500000 |  | (5911) | 494580 |
| June 2028 Notes<sup>(3)</sup> | June 13, 2028 | 650000 | 650000 |  | 4747 | 650802 |
| January 2029 Notes<sup>(3)</sup> | January 15, 2029 | 550000 | 550000 |  | 117 | 547486 |
| September 2029 Notes<sup>(3)</sup> | September 15, 2029 | 900000 | 900000 |  | (6456) | 909618 |
| March 2030 Notes<sup>(3)</sup> | March 15, 2030 | 1000000 | 1000000 |  | (16896) | 965528 |
| EUR 2031 Notes<sup>(2)(3)</sup> | January 31, 2031 | 576212 | 576212 |  | (8690) | 553870 |
| March 2031 Notes<sup>(3)</sup> | March 15, 2031 | 750000 | 750000 |  | (14964) | 738375 |
| &nbsp;&nbsp;**Total Debt** |  | $24427528 | $16541007 | $4007525 | $(166320) | $16358006 |

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<sup>(1)</sup> The amount available reflects any limitations related to each credit facility's borrowing base.

<sup>(2)</sup> Includes unrealized gain (loss) on translation of borrowings denominated in foreign currencies.

<sup>(3)</sup> Net carrying value is inclusive of change in fair market value of effective hedge.

<sup>(4)</sup> The amount available is reduced by $91.0 million of outstanding letters of credit.

<sup>(5)</sup> AUD 2027 Notes are net of a cross-currency swap.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| *($ in thousands)* | **Maturity Date** | **Aggregate Principal Committed** | **Outstanding Principal** | **Amount Available**<sup>(1)</sup> | **Unamortized Debt Issuance (Costs) Premium** | **Net Carrying Value** |
| Revolving Credit Facility<sup>(2)(4)</sup> | October 18, 2029 | $3850000 | $995268 | $2774463 | $(20441) | $974827 |
| SPV Asset Facility I | May 15, 2036 | 650000 | 238600 | 32307 | (7346) | 231254 |
| SPV Asset Facility II | April 18, 2030 | 2000000 | 932000 | 173356 | (18062) | 913938 |
| SPV Asset Facility III | May 22, 2030 | 2000000 | 1233500 | 142656 | (16599) | 1216901 |
| SPV Asset Facility IV | March 16, 2035 | 500000 | 175000 | 135793 | (5314) | 169686 |
| SPV Asset Facility V | October 16, 2029 | 750000 | 606250 | 43905 | (5344) | 600906 |
| SPV Asset Facility VI | April 10, 2035 | 1350000 | 646000 | 48201 | (12323) | 633677 |
| SPV Asset Facility VII<sup>(2)</sup> | May 21, 2029 | 500000 | 463585 | 35092 | (2650) | 460935 |
| SPV Asset Facility VIII | December 17, 2035 | 1000000 | 587500 | 100696 | (5293) | 582207 |
| SPV Asset Facility IX | August 12, 2030 | 300000 | 230000 | 27908 | (2693) | 227307 |
| SPV Asset Facility X | December 31, 2035 | 750000 |  |  | (5206) | (5206) |
| CLO VIII | April 21, 2037 | 375000 | 375000 |  | (2213) | 372787 |
| CLO XI | May 15, 2035 | 260000 | 260000 |  | (1466) | 258534 |
| CLO XV | January 20, 2036 | 312000 | 312000 |  | (2504) | 309496 |
| CLO XVI | April 20, 2036 | 420000 | 420000 |  | (2432) | 417568 |
| CLO XVII | July 15, 2036 | 325000 | 325000 |  | (2575) | 322425 |
| CLO XVIII | July 24, 2036 | 260000 | 260000 |  | (1699) | 258301 |
| CLO XIX | October 22, 2037 | 260000 | 260000 |  | (1776) | 258224 |
| CLO XXII | October 20, 2037 | 737500 | 737500 |  | (3238) | 734262 |
| September 2026 Notes | September 23, 2026 | 350000 | 350000 |  | (1219) | 348781 |
| February 2027 Notes | February 08, 2027 | 500000 | 500000 |  | (1783) | 498217 |
| September 2027 Notes<sup>(3)</sup> | September 16, 2027 | 600000 | 600000 |  | 3252 | 602558 |
| AUD 2027 Notes<sup>(2)(3)(5)</sup> | October 23, 2027 | 300771 | 300771 |  | (1801) | 297500 |
| May 2028 Notes<sup>(3)</sup> | May 23, 2028 | 500000 | 500000 |  | (6572) | 497070 |
| June 2028 Notes<sup>(3)</sup> | June 13, 2028 | 650000 | 650000 |  | 5232 | 655313 |
| January 2029 Notes<sup>(3)</sup> | January 15, 2029 | 550000 | 550000 |  | (8860) | 551308 |
| September 2029 Notes<sup>(3)</sup> | September 15, 2029 | 900000 | 900000 |  | (6878) | 916757 |
| March 2030 Notes<sup>(3)</sup> | March 15, 2030 | 1000000 | 1000000 |  | (17838) | 970380 |
| EUR 2031 Notes<sup>(2)(3)</sup> | January 31, 2031 | 587218 | 587218 |  | (9107) | 571783 |
| March 2031 Notes<sup>(3)</sup> | March 15, 2031 | 750000 | 750000 |  | (15595) | 742633 |
| &nbsp;&nbsp;**Total Debt** |  | $23287489 | $15745192 | $3514377 | $(180343) | $15590329 |

---

<sup>(1)</sup> The amount available reflects any limitations related to each credit facility's borrowing base.

<sup>(2)</sup> Includes unrealized gain (loss) on translation of borrowings denominated in foreign currencies.

<sup>(3)</sup> Net carrying value is inclusive of change in fair market value of effective hedge.

<sup>(4)</sup> The amount available is reduced by $80.3 million of outstanding letters of credit.

<sup>(5)</sup> AUD 2027 Notes are net of a cross-currency swap.

------

The below table represents the components of interest expense for the following periods:

---

| | | |
|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| *($ in thousands)* | **2026** | **2025** |
| Interest expense | $246682 | $213576 |
| Amortization of debt issuance costs | 11022 | 11038 |
| Net change in unrealized (gain) loss on effective interest rate swaps and hedged items included in interest expense<sup>(1)</sup> | (497) | (8054) |
| **Total Interest Expense** | $257207 | $216560 |
| Average interest rate | 6.1% | 6.8% |
| Average daily borrowings | $16279343 | $12499494 |

---

<sup>(1)</sup> Refer to "*Note 5* — Debt " to our consolidated financial statements included in this Quarterly Report for details on the facilities' interest rate swaps.

*Senior Securities*

The table below presents information about our senior securities as of the following periods:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Class and Period** | **Total Amount Outstanding Exclusive of Treasury Securities**<sup>(1)</sup><br>***($ in millions)*** | **Asset Coverage per Unit**<sup>(2)</sup> | **Involuntary Liquidating Preference per Unit**<sup>(3)</sup> | **Average Market Value per Unit**<sup>(4)</sup> |
| **Promissory Note**<sup>(5)</sup> | | | | |
| March 31, 2026 (Unaudited) | $— | $— | $— | N/A |
| December 31, 2025 |  |  |  | N/A |
| December 31, 2024 |  |  |  | N/A |
| December 31, 2023 |  |  |  | N/A |
| December 31, 2022 |  |  |  | N/A |
| December 31, 2021 |  |  |  | N/A |
| December 31, 2020 | 10.0 | 2226.8 |  | N/A |
| **SPV Asset Facility I** |  |  |  |  |
| March 31, 2026 (Unaudited) | $238.6 | $2148.7 | $— | N/A |
| December 31, 2025 | 238.6 | 2225.2 |  | N/A |
| December 31, 2024 | 300.0 | 2094.8 |  | N/A |
| December 31, 2023 | 475.0 | 2085.2 |  | N/A |
| December 31, 2022 | 440.4 | 1927.2 |  | N/A |
| December 31, 2021 | 301.3 | 1998.5 |  | N/A |
| **SPV Asset Facility II** |  |  |  |  |
| March 31, 2026 (Unaudited) | $932.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 932.0 | 2225.2 |  | N/A |
| December 31, 2024 | 920.0 | 2094.8 |  | N/A |
| December 31, 2023 | 1718.0 | 2085.2 |  | N/A |
| December 31, 2022 | 1538.0 | 1927.2 |  | N/A |
| December 31, 2021 | 446.0 | 1998.5 |  | N/A |
| **SPV Asset Facility III** |  |  |  |  |
| March 31, 2026 (Unaudited) | $1233.5 | $2148.7 | $— | N/A |
| December 31, 2025 | 1233.5 | 2225.2 |  | N/A |
| December 31, 2024 | 971.9 | 2094.8 |  | N/A |
| December 31, 2023 | 522.0 | 2085.2 |  | N/A |
| December 31, 2022 | 555.0 | 1927.2 |  | N/A |
| **SPV Asset Facility IV** |  |  |  |  |
| March 31, 2026 (Unaudited) | $240.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 175.0 | 2225.2 |  | N/A |
| December 31, 2024 | 355.0 | 2094.8 |  | N/A |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Class and Period** | **Total Amount Outstanding Exclusive of Treasury Securities**<sup>(1)</sup><br>***($ in millions)*** | **Asset Coverage per Unit**<sup>(2)</sup> | **Involuntary Liquidating Preference per Unit**<sup>(3)</sup> | **Average Market Value per Unit**<sup>(4)</sup> |
| December 31, 2023 | 250.0 | 2085.2 |  | N/A |
| December 31, 2022 | 465.0 | 1927.2 |  | N/A |
| **SPV Asset Facility V** |  |  |  |  |
| March 31, 2026 (Unaudited) | $606.3 | $2148.7 | $— | N/A |
| December 31, 2025 | 606.3 | 2225.2 |  | N/A |
| December 31, 2024 | 250.0 | 2094.8 |  | N/A |
| December 31, 2023 | 200.0 | 2085.2 |  | N/A |
| **SPV Asset Facility VI** |  |  |  |  |
| March 31, 2026 (Unaudited) | $746.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 646.0 | 2225.2 |  | N/A |
| December 31, 2024 | 350.0 | 2094.8 |  | N/A |
| December 31, 2023 | 160.0 | 2085.2 |  | N/A |
| **SPV Asset Facility VII** |  |  |  |  |
| March 31, 2026 (Unaudited) | $463.3 | $2148.7 | $— | N/A |
| December 31, 2025 | 463.6 | 2225.2 |  | N/A |
| December 31, 2024 | 165.9 | 2094.8 |  | N/A |
| **SPV Asset Facility VIII** |  |  |  |  |
| March 31, 2026 (Unaudited) | $587.5 | $2148.7 | $— | N/A |
| December 31, 2025 | 587.5 | 2225.2 |  | N/A |
| December 31, 2024 | 200.0 | 2094.8 |  | N/A |
| **SPV Asset Facility IX** |  |  |  |  |
| March 31, 2026 (Unaudited) | $230.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 230.0 | 2225.2 |  | N/A |
| **SPV Asset Facility X** |  |  |  |  |
| March 31, 2026 (Unaudited) | $250.0 | $2148.7 | $— | N/A |
| December 31, 2025 |  | 2225.2 |  | N/A |
| **SPV Asset Facility XI** |  |  |  |  |
| March 31, 2026 (Unaudited) | $218.0 | $2148.7 |  | N/A |
| **CLO VIII** |  |  |  |  |
| March 31, 2026 (Unaudited) | $375.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 375.0 | 2225.2 |  | N/A |
| December 31, 2024 | 290.0 | 2094.8 |  | N/A |
| December 31, 2023 | 290.0 | 2085.2 |  | N/A |
| December 31, 2022 | 290.0 | 1927.2 |  | N/A |
| **CLO XI** |  |  |  |  |
| March 31, 2026 (Unaudited) | $260.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 260.0 | 2225.2 |  | N/A |
| December 31, 2024 | 260.0 | 2094.8 |  | N/A |
| December 31, 2023 | 260.0 | 2085.2 |  | N/A |
| **CLO XII**<sup>(7)</sup> |  |  |  |  |
| March 31, 2026 (Unaudited) | $— | $2148.7 | $— | N/A |
| December 31, 2025 |  | 2225.2 |  | N/A |
| December 31, 2024 | 260.0 | 2094.8 |  | N/A |
| December 31, 2023 | 260.0 | 2085.2 |  | N/A |
| **CLO XV** |  |  |  |  |
| March 31, 2026 (Unaudited) | $312.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 312.0 | 2225.2 |  | N/A |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Class and Period** | **Total Amount Outstanding Exclusive of Treasury Securities**<sup>(1)</sup><br>***($ in millions)*** | **Asset Coverage per Unit**<sup>(2)</sup> | **Involuntary Liquidating Preference per Unit**<sup>(3)</sup> | **Average Market Value per Unit**<sup>(4)</sup> |
| December 31, 2024 | 312.0 | 2094.8 |  | N/A |
| **CLO XVI** |  |  |  |  |
| March 31, 2026 (Unaudited) | $420.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 420.0 | 2225.2 |  | N/A |
| December 31, 2024 | 420.0 | 2094.8 |  | N/A |
| **CLO XVII** |  |  |  |  |
| March 31, 2026 (Unaudited) | $325.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 325.0 | 2225.2 |  | N/A |
| December 31, 2024 | 325.0 | 2094.8 |  | N/A |
| **CLO XVIII** |  |  |  |  |
| March 31, 2026 (Unaudited) | $260.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 260.0 | 2225.2 |  | N/A |
| December 31, 2024 | 260.0 | 2094.8 |  | N/A |
| **CLO XIX** |  |  |  |  |
| March 31, 2026 (Unaudited) | $260.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 260.0 | 2225.2 |  | N/A |
| December 31, 2024 | 260.0 | 2094.8 |  | N/A |
| **CLO XXII** |  |  |  |  |
| March 31, 2026 (Unaudited) | $737.5 | $2148.7 | $— | N/A |
| December 31, 2025 | 737.5 | 2225.2 |  | N/A |
| **CLO XXIV** |  |  |  |  |
| March 31, 2026 (Unaudited) | $600.0 | $2148.7 | $— | N/A |
| **Revolving Credit Facility** |  |  |  |  |
| March 31, 2026 (Unaudited) | $568.3 | $2148.7 | $— | N/A |
| December 31, 2025 | 995.3 | 2225.2 |  | N/A |
| December 31, 2024 | 1335.0 | 2094.8 |  | N/A |
| December 31, 2023 | 628.1 | 2085.2 |  | N/A |
| December 31, 2022 | 302.3 | 1927.2 |  | N/A |
| December 31, 2021 | 451.2 | 1998.5 |  | N/A |
| **September 2026 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $350.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 350.0 | 2225.2 |  | N/A |
| December 31, 2024 | 350.0 | 2094.8 |  | N/A |
| December 31, 2023 | 350.0 | 2085.2 |  | N/A |
| December 31, 2022 | 350.0 | 1927.2 |  | N/A |
| December 31, 2021 | 350.0 | 1998.5 |  | N/A |
| **February 2027 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $500.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 500.0 | 2225.2 |  | N/A |
| December 31, 2024 | 500.0 | 2094.8 |  | N/A |
| December 31, 2023 | 500.0 | 2085.2 |  | N/A |
| December 31, 2022 | 500.0 | 1927.2 |  | N/A |
| **September 2027 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $600.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 600.0 | 2225.2 |  | N/A |
| December 31, 2024 | 600.0 | 2094.8 |  | N/A |
| December 31, 2023 | 600.0 | 2085.2 |  | N/A |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Class and Period** | **Total Amount Outstanding Exclusive of Treasury Securities**<sup>(1)</sup><br>***($ in millions)*** | **Asset Coverage per Unit**<sup>(2)</sup> | **Involuntary Liquidating Preference per Unit**<sup>(3)</sup> | **Average Market Value per Unit**<sup>(4)</sup> |
| December 31, 2022 | 600.0 | 1927.2 |  | N/A |
| **AUD 2027 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $301.8 | $2148.7 | $— | N/A |
| December 31, 2025 | 300.8 | 2225.2 |  | N/A |
| December 31, 2024 | 295.5 | 2094.8 |  | N/A |
| **May 2028 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $500.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 500.0 | 2225.2 |  | N/A |
| **June 2028 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $650.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 650.0 | 2225.2 |  | N/A |
| December 31, 2024 | 650.0 | 2094.8 |  | N/A |
| December 31, 2023 | 650.0 | 2085.2 |  | N/A |
| **March 2025 Notes**<sup>(6)</sup> |  |  |  |  |
| March 31, 2026 (Unaudited) | $— | $— | $— | N/A |
| December 31, 2025 |  |  |  | N/A |
| December 31, 2024 | 500.0 | 2094.8 |  | N/A |
| December 31, 2023 | 500.0 | 2085.2 |  | N/A |
| December 31, 2022 | 500.0 | 1927.2 |  | N/A |
| **January 2029 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $550.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 550.0 | 2225.2 |  | N/A |
| December 31, 2024 | 550.0 | 2094.8 |  | N/A |
| December 31, 2023 | 550.0 | 2085.2 |  | N/A |
| **September 2029 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $900.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 900.0 | 2225.2 |  | N/A |
| December 31, 2024 | 500.0 | 2094.8 |  | N/A |
| **March 2030 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $1000.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 1000.0 | 2225.2 |  | N/A |
| December 31, 2024 | 1000.0 | 2094.8 |  | N/A |
| **EUR 2031 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $576.2 | $2148.7 | $— | N/A |
| December 31, 2025 | 587.2 | 2225.2 |  | N/A |
| **March 2031 Notes** |  |  |  |  |
| March 31, 2026 (Unaudited) | $750.0 | $2148.7 | $— | N/A |
| December 31, 2025 | 750.0 | 2225.2 |  | N/A |
| December 31, 2024 | 750.0 | 2094.8 |  | N/A |

---

<sup>(1)</sup> Total amount of each class of senior securities outstanding at the end of the period presented.

<sup>(2)</sup> Asset coverage per unit is the ratio of the carrying value of our total assets, less all liabilities excluding indebtedness represented by senior securities in this table, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness and is calculated on a consolidated basis.

<sup>(3)</sup> The amount to which such class of senior security would be entitled upon our involuntary liquidation in preference to any security junior to it. The "—" in this column indicates information that the SEC expressly does not require to be disclosed for certain types of senior securities.

<sup>(4)</sup> Average market value per unit not applicable because the senior securities are not registered for public trading.

<sup>(5)</sup> Facility was terminated in June 2022.

<sup>(6)</sup> Facility was terminated in March 2025.

<sup>(7)</sup> Facility was terminated in August 2025.

------

**Off-Balance Sheet Arrangements**

*Portfolio Company Commitments*

From time to time, we may enter into commitments to fund investments in the form of revolving credit, delayed draw, or equity commitments, which require us to provide funding when requested by portfolio companies in accordance with underlying loan agreements. We had the following outstanding commitments as of the following periods:

---

| | | |
|:---|:---|:---|
| *($ in thousands)* | **March 31, 2026** | **December 31, 2025** |
| Revolving loan commitments | $2251823 | $2252294 |
| Delayed draw loan commitments | 2726734 | 2834971 |
| **Debt commitments** | $4978557 | $5087265 |
| Specialty finance equity commitments | $433434 | $193834 |
| Common equity commitments | 19930 | 20548 |
| **Equity commitments** | $453364 | $214382 |
| &nbsp;&nbsp;**Total Unfunded Commitments** | $5431921 | $5301647 |

---

We maintain sufficient liquidity and borrowing capacity to cover outstanding unfunded portfolio company commitments that we may be required to fund. We seek to carefully consider our unfunded portfolio company commitments for the purpose of planning our ongoing financial leverage. Further, we maintain sufficient borrowing capacity within the 150% asset coverage limitation to cover any outstanding portfolio company unfunded commitments we are required to fund.

*Organizational and Offering Costs*

The Adviser has incurred organization and offering costs on behalf of us in the amount of $3.8 million for the period from April 22, 2020 (Inception) to March 31, 2026, of which $3.8 million has been charged to us pursuant to the Investment Advisory Agreement. Under the Investment Advisory Agreement and Administration Agreement, the Adviser is entitled to receive up to 1.5% of gross offering proceeds raised in our continuous public offering until all organization and offering costs paid by the Adviser have been recovered.

*Other Commitments and Contingencies*

From time to time, we may become a party to certain legal proceedings incidental to the normal course of our business. As of March 31, 2026, management were not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure.

**Related Party Transactions**

We have entered into a number of business relationships with affiliated or related parties, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Investment Advisory Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Administration Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Dealer Manager Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the License Agreement.

In addition to the aforementioned agreements, we, our Adviser and certain of our Adviser's affiliates have been granted exemptive relief by the SEC to co-invest with other funds managed by the Adviser or its affiliates, in a manner consistent with our investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors.

Additionally, we invest in Amergin AssetCo, Fifth Season, BOCSO, LSI Financing LLC, OCIC SLF, Credit SLF, Blue Owl Leasing and Owl HP Finance, controlled affiliated investments, and LSI Financing DAC and Wingspire, non-controlled affiliated investments, as defined in the 1940 Act.

Refer to *"Note 3 — Agreements and Related Party Transactions"* and *"Note 4 — Investments"* to our consolidated financial statements included in this Quarterly Report for further details.

------

**Critical Accounting Policies**

The preparation of the consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Changes in the economic environment, financial markets, and any other parameters used in determining such estimates could cause actual results to differ. Our critical accounting policies should be read in connection with our risk factors as described in our Form 10-K for the fiscal year ended December 31, 2025, in "*ITEM 1A. – RISK FACTORS*."

***Investments at Fair Value***

Investment transactions are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period.

Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Pursuant to Rule 2a-5, the Board designated the Adviser as our valuation designee to perform fair value determinations relating to the value of assets we held for which market quotations are not readily available.

Investments for which market quotations are readily available are typically valued at the average bid price of those market quotations. To validate market quotations, we utilize a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities that are not publicly traded or whose market prices are not readily available, as is the case for substantially all of our investments, are valued at fair value as determined in good faith by our Adviser, as the valuation designee, based on, among other things, the input of the independent third-party valuation firm(s) engaged at the direction of our Adviser.

As part of the valuation process, our Adviser, as the valuation designee, takes into account relevant factors in determining the fair value of our investments, including: the estimated enterprise value of a portfolio company (i.e., the total fair value of the portfolio company's debt and equity), the nature and realizable value of any collateral, the portfolio company's ability to make payments based on its earnings and cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company's securities to any similar publicly traded securities, and overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase transaction, public offering or subsequent equity sale occurs, the Adviser, as valuation designee, considers whether the pricing indicated by the external event corroborates its valuation.

Our Adviser, as the valuation designee, undertakes a multi-step valuation process, which includes, among other procedures, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• With respect to investments for which market quotations are readily available, those investments will typically be valued at the average bid price of those market quotations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• With respect to investments for which market quotations are not readily available, the valuation process begins with the independent valuation firm(s) providing a preliminary valuation of each investment to the Adviser's valuation committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Preliminary valuation conclusions are documented and discussed with the Adviser's valuation committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our Adviser, as the valuation designee, reviews the recommended valuations and determines the fair value of each investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each quarter, our Adviser, as the valuation designee, provides the Audit Committee a summary or description of material fair value matters that occurred in the prior quarter and on an annual basis, our Adviser, as the valuation designee, will provide the Audit Committee with a written assessment of the adequacy and effectiveness of its fair value process; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Audit Committee oversees the valuation designee and will report to the Board on any valuation matters requiring the Board's attention.

We conduct this valuation process on a quarterly basis.

We apply Financial Accounting Standards Board Accounting Standards Codification 820, *Fair Value Measurements* ("ASC 820"), as amended, which establishes a framework for measuring fair value in accordance with U.S. GAAP and required disclosures of fair value measurements. ASC 820 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820, we consider its principal market to be the market that has the greatest volume and level of activity. ASC 820 specifies a fair value hierarchy that prioritizes and ranks the level of observability of inputs used in determination of fair value. In accordance with ASC 820, these levels are summarized below:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that we have the ability to access.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurred. In addition to using the above inputs in investment valuations, we apply the valuation policy approved by our Board that is consistent with ASC 820. Consistent with the valuation policy, our Adviser, as the valuation designee, evaluates the source of the inputs, including any markets in which our investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When an investment is valued based on prices provided by reputable dealers or pricing services (that is, broker quotes), we subject those prices to various criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, our Adviser, as the valuation designee, or the independent valuation firm(s), review pricing support provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of our investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If we were required to liquidate a portfolio investment in a forced or liquidation sale, we could realize amounts that are different from the amounts presented and such differences could be material.

In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.

***Financial and Derivative Instruments***

Rule 18f-4 requires BDCs that use derivatives to, among other things, comply with a value-at-risk leverage limit, adopt a derivatives risk management program, and implement certain testing and board reporting procedures. Rule 18f-4 exempts BDCs that qualify as "limited derivatives users" from the aforementioned requirements, provided that these BDCs adopt written policies and procedures that are reasonably designed to manage the BDC's derivatives risks and comply with certain recordkeeping requirements. We currently qualify as a "limited derivatives user" and expect to continue to do so. Rule 18f-4 provides that a BDC may enter into an unfunded commitment agreement that is not a derivatives transaction, such as an agreement to provide financing to a portfolio company, if the BDC has, among other things, a reasonable belief, at the time it enters into such an agreement, that it will have sufficient cash and cash equivalents to meet its obligations with respect to all of its unfunded commitment agreements, in each case as it becomes due. Pursuant to Rule 18f-4, when we trade reverse repurchase agreements or similar financing transactions, including certain tender option bonds, we need to aggregate the amount of any other senior securities representing indebtedness (e.g., bank borrowings, if applicable) when calculating our asset coverage ratio. We have adopted a derivatives policy and complies with the recordkeeping requirements of Rule 18f-4.

***Interest and Dividend Income Recognition***

Interest income is recorded on the accrual basis and includes amortization and accretion of discounts or premiums. Certain investments may have contractual payment-in-kind ("PIK") interest or dividends, the majority of which is structured at initial underwriting. PIK interest or dividends represent accrued interest or dividends that are added to the principal amount of the investment on the respective interest or dividend payment dates rather than being paid in cash and generally becomes due at maturity or at the occurrence of a certain liquidation event. Discounts to par value on securities purchased are amortized into interest income over the contractual life of the respective security using the effective yield method. Premiums to par value on securities purchased are amortized to first call date. The amortized cost of investments represents the original cost adjusted for the amortization or accretion of discounts or premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period.

Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management's judgment regarding collectability. If at any point we believe PIK interest is not expected to be realized, the investment generating PIK interest will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are generally reversed through interest income. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management's judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.

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Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.

***Distributions***

We have elected to be treated for U.S. federal income tax purposes, and intend to continue to qualify annually as a RIC under subchapter M of the Code. To obtain and maintain our tax treatment as a RIC, we must timely distribute (or be deemed to distribute) in each taxable year to our shareholders at least the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 90% of our investment company taxable income (which is generally our ordinary income plus the excess of realized short-term capital gains over realized net long-term capital losses), determined without regard to the deduction for dividends paid, for such taxable year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 90% of our net tax-exempt interest income (which is the excess of our gross tax-exempt interest income over certain disallowed deductions) for such taxable year.

As a RIC, we (but not our shareholders) generally will not be subject to U.S. federal tax on investment company taxable income and net capital gains that we distribute to our shareholders.

We intend to distribute annually all or substantially all of such income. To the extent that we retain our net capital gains or any investment company taxable income, we generally will be subject to U.S. federal income tax at corporate rates. We can be expected to carry forward our net capital gains or any investment company taxable income in excess of current year dividend distributions, and pay the U.S. federal excise tax as described below.

Amounts not distributed on a timely basis in accordance with a calendar year distribution requirement are subject to a nondeductible 4% U.S. federal excise tax payable by us. We may be subject to a nondeductible 4% U.S. federal excise tax if we do not distribute (or are treated as distributing) during each calendar year an amount at least equal to the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 98% of our net ordinary income excluding certain ordinary gains or losses for that calendar year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 98.2% of our capital gain net income, adjusted for certain ordinary gains and losses, recognized for the twelve-month period ending on October 31 of that calendar year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• certain undistributed amounts from previous years in which we paid no U.S. federal income tax.

While we intend to distribute any income and capital gains in the manner necessary to minimize imposition of the 4% U.S. federal excise tax, sufficient amounts of our taxable income and capital gains may not be distributed and as a result, in such cases, the excise tax will be imposed. In such an event, we will be liable for this tax only on the amount by which we do not meet the foregoing distribution requirement.

We intend to pay monthly distributions to our shareholders out of assets legally available for distribution. All distributions will be paid at the discretion of our Board and will depend on our earnings, financial condition, maintenance of our tax treatment as a RIC, compliance with applicable BDC regulations and such other factors as our Board may deem relevant from time to time.

To the extent our current taxable earnings for a year fall below the total amount of our distributions for that year, a portion of those distributions may be deemed a return of capital to our shareholders for U.S. federal income tax purposes. Thus, the source of a distribution to our shareholders may be the original capital invested by the shareholder rather than our income or gains. Shareholders should read written disclosure carefully and should not assume that the source of any distribution is our ordinary income or gains.

With respect to distributions we have adopted a distribution reinvestment plan which was amended and restated on May 6, 2024. The amended and restated distribution reinvestment plan provides for the reinvestment of cash distributions on behalf of shareholders who have enrolled in the distribution reinvestment plan. As a result, if the Board authorizes and declares a cash distribution, then the shareholders who have enrolled in the distribution reinvestment plan will have their cash distributions automatically reinvested in additional shares of our common stock, rather than receiving the cash distribution. We expect to use newly issued shares to implement the distribution reinvestment plan. Shareholders who receive distributions in the form of shares of common stock will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.

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***Income Taxes***

We have elected to be treated as a BDC under the 1940 Act. We also have elected to be treated as a RIC under the Code beginning with the taxable period ended December 31, 2020, and intend to qualify for tax treatment as a RIC. As a RIC, we generally will not pay U.S. federal income taxes on any ordinary income or capital gains that we distribute at least annually to our shareholders as distributions. Rather, any tax liability related to income earned and distributed by us represents obligations of our investors and will not be reflected in our consolidated financial statements. However, we will be subject to U.S. federal income tax imposed at corporate rates on any income, including capital gains, not distributed (or deemed distributed) to our stockholders.

To qualify as a RIC, we must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, we generally must distribute to our shareholders, for each taxable year, at least (i) 90% of our "investment company taxable income" for that year, which is generally our net ordinary income plus the excess, if any, of our realized net short- term capital gains over our realized net long-term capital losses and (ii) our net tax-exempt income. In addition, a RIC may, in certain cases, satisfy this distribution requirement by distributing dividends relating to a taxable year after the close of such taxable year under the "spillover dividend" provisions of Subchapter M. In order for us to not be subject to U.S. federal excise taxes, we must distribute annually an amount at least equal to the sum of (i) 98% of our net ordinary income (taking into account certain deferrals and elections) for the calendar year, (ii) 98.2% of our capital gains in excess of capital losses for the one-year period ending on October 31 of the calendar year and (iii) certain undistributed amounts from previous years on which we paid no U.S. federal income tax. We, at our discretion, may carry forward taxable income in excess of calendar year dividends and pay a 4% nondeductible U.S. excise tax on this income.

We evaluate tax positions taken or expected to be taken in the course of preparing our consolidated financial statements to determine whether the tax positions are "more-likely-than-not" to be sustained by the applicable tax authority. Tax positions not deemed to meet the "more-likely-than-not" threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. There were no material uncertain tax positions through December 31, 2025. As applicable, the Company's prior three tax years remain subject to examination by U.S. federal, state and local tax authorities.

**Recent Developments**

***Equity Raise***

As of May 4, 2026, we issued 730,766,120 shares of Class S common stock, 106,408,747 shares of Class D common stock, and 1,529,623,918 shares of Class I common stock and have raised total gross proceeds of $6.91 billion, $0.99 billion, and $14.38 billion, respectively, including seed capital of one thousand US dollars contributed by our Adviser in September 2020 and approximately $25.0 million in gross proceeds raised from an entity affiliated with the Adviser. In addition, we expect to receive $26.4 million in subscription payments which we accepted on May 1, 2026 and, which is pending our determination of the net asset value per share applicable to such purchase.

***Dividend***

On May 5, 2026, we approved a distribution of (i) $0.070100 per share, payable on or before June 30, 2026 to shareholders of record as of May 29, 2026, (ii) $0.070100 per share, payable on or before July 31, 2026 to shareholders of record as of June 30, 2026, and (iii) $0.070100 per share, payable on or before August 31, 2026 to shareholders of record as of July 31, 2026.

***CLO XI Reset***

On April 27, 2026, we completed a $395.8 million term debt securitization refinancing. As part of the refinancing, the CLO XI Issuer (A) issued the following classes of notes: (i) $82.0 million of AAA(sf) Class A-R Notes, which initially bear interest at the Benchmark plus 1.45% and (ii) $40.0 million of Class B-R Notes, which initially bear interest at the Benchmark plus 2.00% and (B) borrowed (i) $50.0 million under floating rate Class A-1-RL loans, which initially bear interest at the Benchmark plus 1.45% and (ii) $100.0 million under floating rate Class A-2-RL loans, which initially bear interest at the Benchmark plus 1.45%. Concurrently with the issuance and the borrowing, CLO XI redeemed $12.0 million of subordinated securities in the form of 12,000 of its preferred shares. 123,820 preferred shares remain outstanding. The debt is scheduled to mature in April 2039.

***Share Repurchases***

Pursuant to an offer to purchase dated February 27, 2026, we offered to purchase shares of our issued and outstanding Class S common stock, Class D common stock and Class I common stock representing up to 5.00% of the aggregate number of our shares of common stock outstanding as of December 31, 2025 at a purchase price per share equal to the net offering price per share, as of March 31, 2026.

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The offer expired at 7:00 P.M., Eastern Time, on March 31, 2026, and approximately 93,650,433 shares of Class S common stock, 21,440,559 shares of Class D common stock and 348,729,633 shares of Class I common stock were validly tendered and not withdrawn pursuant to the offer to purchase as of such date, which represents 21.9% of the aggregate number of our shares outstanding as of December 31, 2025.

On April 23, 2026, we determined that, as of March 31, 2026, the net offering prices per share of our shares of Class S common stock, Class D common stock and Class I common stock were $9.08 per share, $9.09 per share and $9.11 per share, respectively. We accepted for purchase 21,372,674 shares of Class S common stock, 4,893,111 shares of Class D common stock and 79,586,211 shares of Class I common stock on a pro rata basis based on the number of tendered shares for approximately $194.1 million, $44.5 million and $725 million, respectively, representing 22.822% of the shares of our common stock that were validly tendered and not withdrawn prior to the expiration of the offer. The aggregate purchase price for all shares repurchased pursuant to the offer was approximately $963.6 million.

***Core Income Funding VI Amendment***

On May 5, 2026, Core Income Funding VI entered into Amendment No. 5 to SPV Asset Facility VI in order to, among other changes, (i) add the ability to draw in CAD, Euro and GBP and (ii) reallocate commitments of the Lenders under the SPV Asset Facility VI to a Total Class A-R-1 Commitment of $1.22 billion and a Total Class A-R-2 Commitment of $135 million.

**Item 3. Quantitative and Qualitative Disclosures About Market Risk.**

We are subject to financial market risks, including valuation risk, interest rate risk, currency risk, credit risk, and inflation risk. Uncertainty with respect to the imposition of tariffs on and trade disputes with certain countries, the fluctuations in global interest rates, the ongoing war between Russia and Ukraine, continued political unrest in various countries such as Venezuela, the conflicts in the Middle East and North Africa regions, a prolonged government shut down, and concerns over future increases in inflation or adverse investor sentiment generally, introduced significant volatility in the financial markets, and the effects of this volatility has materially impacted and could continue to materially impact our market risks, including those listed below.

***Valuation Risk***

We have invested, and plan to continue to invest, primarily in illiquid debt and equity securities of private companies. Most of our investments will not have a readily available market price, and we value these investments at fair value as determined in good faith by the Adviser, as our valuation designee, based on, among other things, the input of the independent third-party valuation firm(s) engaged at the direction of the Adviser, as our valuation designee, and in accordance with our valuation policy. There is no single standard for determining fair value. As a result, determining fair value requires that judgment be applied to the specific facts and circumstances of each portfolio investment while employing a consistently applied valuation process for the types of investments we make. If we were required to liquidate a portfolio investment in a forced or liquidation sale, we may realize amounts that are different from the amounts presented and such differences could be material. The independent third-party valuation firm(s) engaged at the discretion of the Adviser and its affiliates are full service financial institutions engaged in a variety of activities and from time to time we may receive or provide additional services to or from such independent third-party valuation firm(s).

***Interest Rate Risk***

Interest rate sensitivity refers to the change in earnings that may result from changes in the level of interest rates. We intend to fund portions of our investments with borrowings, and at such time, our net investment income will be affected by the difference between the rate at which we invest and the rate at which we borrow. Accordingly, we cannot assure you that a significant change in market interest rates will not have a material adverse effect on our net investment income.

In a low interest rate environment, the difference between the total interest income earned on interest earning assets and the total interest expense incurred on interest bearing liabilities may be compressed, reducing our net income and potentially adversely affecting our operating results. Conversely, in a rising interest rate environment, such difference could potentially increase thereby increasing our net income as indicated per the table below.

As of March 31, 2026, 98.1% of our debt investments based on fair value were at floating rates. Additionally, the weighted average floor, based on fair value, of our debt investments was 0.7%.

Based on our Consolidated Statements of Assets and Liabilities as of March 31, 2026, the following table shows the annualized impact on net income of hypothetical base rate changes in interest rates on our debt investments (considering interest rate floors for floating rate instruments) assuming each floating rate investment is subject to 3-month reference rate election and there are no changes in our investment and borrowing structure.

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| | | | |
|:---|:---|:---|:---|
| *($ in millions)* | **Interest Income** | **Interest Expense**<sup>(1)</sup> | **Net Income**<sup>(2)</sup> |
| Up 300 basis points | $997 | $470 | $527 |
| Up 200 basis points | 665 | 313 | 352 |
| Up 100 basis points | 332 | 157 | 175 |
| Down 100 basis points | (332) | (157) | (175) |
| Down 200 basis points | (663) | (313) | (350) |
| Down 300 basis points | (953) | (470) | (483) |

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<sup>(1)</sup> Includes the impact of our interest rate swaps as a result of interest rate changes.

<sup>(2)</sup> Excludes the impact of income based fees. See *"Note 3 — Agreements and Related Party Transactions"* to our consolidated financial statements included in this Quarterly Report for more information on the income based fees.

We may hedge against interest rate fluctuations by using hedging instruments such as additional interest rate swaps, futures, options, and forward contracts. While hedging activities may mitigate our exposure to adverse fluctuations in interest rates, certain hedging transactions, such as interest rate swap agreements, may also limit our ability to participate in the benefits of lower interest rates.

***Currency Risk***

From time to time, we may make investments that are denominated in a foreign currency, borrow in certain foreign currencies under our credit facilities or issue notes in certain foreign currencies. These investments, borrowings and issuances are translated into U.S. dollars at each balance sheet date, exposing us to movements in foreign exchange rates. We may employ hedging techniques to minimize these risks, but we cannot assure you that such strategies will be effective or without risk to us. We may utilize instruments such as, but not limited to, forward contracts or cross-currency swaps to seek to hedge against fluctuations in the relative values of our portfolio positions or borrowings from changes in currency exchange rates. Instead of entering into a foreign currency forward contract in connection with loans or other investments denominated in a foreign currency, we may borrow in that currency to establish a natural hedge against our loan, issuance or investment. To the extent the loan, issuance or investment is based on a floating rate other than a rate under which we can borrow under our credit facilities, we may utilize interest rate derivatives to hedge our exposure to changes in the associated rate.

***Credit Risk***

We generally endeavor to minimize our risk of exposure by limiting to reputable financial institutions the counterparties with which we enter into financial transactions. As of March 31, 2026 and 2025, we held the majority of our cash balances with a single highly rated money center bank and such balances are in excess of Federal Deposit Insurance Corporation insured limits. We seek to mitigate this exposure by monitoring the credit standing of these financial institutions.

***Inflation Risk***

Inflation is likely to continue in the near to medium-term, particularly in the United States, and monetary policy may continue to tighten in response. Persistent inflationary pressures could affect our portfolio companies' profit margins.

**Item 4. Controls and Procedures**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***(a)Evaluation of Disclosure Controls and Procedures***

In accordance with Rules 13a-15(b) and 15d-15(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended, we, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, carried out an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act) as of the end of the period covered by this Quarterly Report on Form 10-Q and determined that our disclosure controls and procedures are effective as of the end of the period covered by the Quarterly Report on Form 10-Q.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***(b)Changes in Internal Controls Over Financial Reporting***

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended March 31, 2026, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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**PART II. OTHER INFORMATION**

**Item 1. Legal Proceedings**

Neither we nor the Adviser are currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceeding threatened against us. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. Our business is also subject to extensive regulation, which may result in regulatory proceedings against us. While the outcome of any such future legal or regulatory proceedings cannot be predicted with certainty, we do not expect that any such future proceedings will have a material effect upon our financial condition or results of operations.

**Item 1A. Risk Factors.**

In addition to the other information set forth in this report, you should carefully consider the risk factors discussed in Part I, "*ITEM 1A. RISK FACTORS*" in our annual report on Form 10-K for the fiscal year ended December 31, 2025, which could materially affect our business, financial condition and/or operating results. The risks described in our annual report on Form 10-K for the fiscal year ended December 31, 2025, are not the only risks facing us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results.

**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.**

For the quarter ended March 31, 2026, other than the shares issued pursuant to our dividend reinvestment plan, we did not sell any unregistered equity securities, except as previously disclosed in certain 8-Ks filed with the SEC.

In order to satisfy the reinvestment portion of our dividends for the quarter ended March 31, 2026, we issued the following shares of common stock to stockholders of record on the dates noted below who did not opt out of our dividend reinvestment plan. These issuances were not subject to the registration requirements of the Securities Act.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Date of Issuance** | **Record Date** | **Number of Shares** | **Purchase Price** | **Share Class** |
| January 28, 2026 | December 31, 2025 | 2578547 | $9.32 | Class S |
| January 28, 2026 | December 31, 2025 | 157045 | 9.33 | Class D |
| January 28, 2026 | December 31, 2025 | 4992370 | 9.34 | Class I |
| February 25, 2026 | January 31, 2026 | 2295253 | 9.25 | Class S |
| February 25, 2026 | January 31, 2026 | 140429 | 9.26 | Class D |
| February 25, 2026 | January 31, 2026 | 4454853 | 9.28 | Class I |
| March 30, 2026 | February 28, 2026 | 2353045 | 9.11 | Class S |
| March 30, 2026 | February 28, 2026 | 141333 | 9.12 | Class D |
| March 30, 2026 | February 28, 2026 | 4370013 | 9.13 | Class I |

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We commenced a share repurchase program pursuant to which we intend to conduct quarterly repurchase offers to allow our shareholders to tender their shares at a price equal to the net offering price per share for the applicable class of shares on each date of repurchase.

Our Board has complete discretion to determine whether we will engage in any share repurchase, and if so, the terms of such repurchase. At the discretion of our Board, we may use cash on hand, cash available from borrowings, and cash from the sale of our investments as of the end of the applicable period to repurchase shares. All shares purchased by us pursuant to the terms of each offer to repurchase will be retired and thereafter will be authorized and unissued shares. The purpose of the offers to repurchase is to provide shareholders with the potential for a measure of liquidity since there is otherwise no public market for shares of our common stock.

We intend to limit the number of shares to be repurchased in each quarter to no more than 5.00% of our outstanding shares of common stock.

Any periodic repurchase offers are subject in part to our available cash and compliance with the BDC and RIC qualification and diversification rules promulgated under the 1940 Act and the Code, respectively. While we intend to continue to conduct quarterly tender offers as described above, we are not required to do so and may suspend or terminate the share repurchase program at any time.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Offer Date** | **Class** | **Tender Offer<br>Expiration** | **Tender Offer<br>(in thousands)** | **Purchase Price<br>per Share** | **Shares<br>Repurchased** |
| February 27, 2026 | S | March 31, 2026 | $194086 | $9.08 | 21371701 |
| February 27, 2026 | D | March 31, 2026 | 44477 | 9.09 | 4893111 |
| February 27, 2026 | I | March 31, 2026 | 724544 | 9.11 | 79537341 |

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**Item 3. Defaults Upon Senior Securities.**

None.

**Item 4. Mine Safety Disclosures**

Not applicable.

**Item 5. Other Information.**

***Rule 10b5-1 Trading Plans***

During the fiscal quarter ended March 31, 2026, none of the Company's directors or executive officers adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any "non-Rule 10b5-1 trading arrangement."

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**Item 6. Exhibits, Financial Statement Schedules.** 

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| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description of Exhibits** |
| 3.1 | <u>[Articles of Amendment and Restatement, dated February 23, 2021, as amended June 22, 2023 (incorporated by reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q, filed on August 10, 2023).](https://www.sec.gov/Archives/edgar/data/1812554/000181255423000022/orcic-20230630x10qex31.htm)</u> |
| 3.2 | <u>[Third Amended and Restated Bylaws, dated November 6, 2023 (incorporated by reference to Exhibit 3.2 to the Company's Current Report on Form 8-K, filed on November 9, 2023).](https://www.sec.gov/Archives/edgar/data/1812554/000181255423000030/ocic-20230930x10qex32.htm)</u> |
| 3.3 | <u>[Articles of Amendment, dated June 24, 2024 (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on June 26, 2024).](https://www.sec.gov/Archives/edgar/data/1812554/000181255424000033/ocic-20240531x8kex31.htm)</u> |
| 10.1 | I<u>[ndenture and Security Agreement, dated March 5, 2026, by and between Owl Rock CLO XXIV, LLC, as Issuer and The Bank of New York Mellon Trust Company, National Association, as Collateral Trustee](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex101.htm)[(incorporated by reference to Exhibit 10](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex101.htm)[.1 to the Company](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex101.htm)['](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex101.htm)[s Current Report on For](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex101.htm)[m 8-K](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex101.htm)[, filed on March 9, 2026)](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex101.htm)[.](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex101.htm)</u> |
| 10.2 | <u>[Collateral Management Agreement, dated as of March 5, 2026, by and between Owl Rock CLO XXIV, LLC, as Issuer, and Blue Owl Credit Advisors LLC, as Collateral Manager](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex102.htm)[(incorporated by reference](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex102.htm)[to Exhibit 10.2 to the Company](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex102.htm)['](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex102.htm)[s Current Report on Form 8-K, filed on March 9, 2026)](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex102.htm)[.](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex102.htm)</u> |
| 10.3 | <u>[Loan Sale Agreement, dated as of March 5, 2026, between Blue Owl Credit Income Corp., as Seller, and Owl Rock CLO XXIV, LLC, as Purchaser](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex103.htm)[(incorporated by reference to Exhibit 10.3 to the Company](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex103.htm)['](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex103.htm)[s Current Report on Form 8-K, filed on March 9, 2026)](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex103.htm)[.](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex103.htm)</u> |
| 10.4 | <u>[Class A-L Credit Agreement, dated as of March 5, 2026, among Owl Rock CLO XXIV, LLC, as Borrower, the Lenders parties thereto, The Bank of New York Mellon Trust Company, National Association, as Loan Agent and as Collateral Trustee](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex104.htm)[(incorporated by reference to Exhibit 10.4 to the Company](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex104.htm)['](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex104.htm)[s Current Report on Form 8-K, filed on March 9, 2026)](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex104.htm)[.](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex104.htm)</u> |
| 10.5 | <u>[Credit Agreement, dated March 5, 2026, among Core Income Funding XI LLC, as Borrower, the Lenders party thereto, Bank of America, N.A., as Administrative Agent, The Bank of New York Mellon Trust Company, National Association, as Collateral Agent and Collateral Custodian](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex105.htm)[(incorporated by reference t](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex105.htm)[o Exhi](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex105.htm)[bit 10.5 to the Company](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex105.htm)['](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex105.htm)[s Current Report on Form 8-K, filed on March 9,](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex105.htm)[2026](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex105.htm)[)](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex105.htm)[.](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex105.htm)</u> |
| 10.6 | <u>[Sale and Contribution Agreement, dated March 5, 2026, between Blue Owl Credit Income Corp., as Seller, and Core Income Funding XI LLC, as Purchaser](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex106.htm)[(incorporated by reference to Exhibit](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex106.htm)[10.6 to th](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex106.htm)[e Company](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex106.htm)['](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex106.htm)[s Current Report on Form 8-K, filed on March 9, 2026](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex106.htm)[)](https://www.sec.gov/Archives/edgar/data/1812554/000119312526098659/d105848dex106.htm)</u>. |
| 21.1\* | <u>[Subsidiary List](ocicex211-subsidiarylistx0.htm)</u> |
| 31.1\* | <u>[Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities and Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.](ocicexhibit311-03312026.htm)</u> |
| 31.2\* | <u>[Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities and Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.](ocicexhibit312-03312026.htm)</u> |
| 32.1\*\* | <u>[Certification of Principal Executive Officer Pursuant to 18 U.S.C Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.](ocicexhibit321-03312026.htm)</u> |
| 32.2\*\* | <u>[Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.](ocicexhibit322-03312026.htm)</u> |
| 99.1\* | <u>[Supplemental Financial Information of OCIC SLF LLC (Unaudited) as of and for the period ended March 31, 2026.](ocicslf-03312026.htm)</u> |
| 99.2\* | <u>[Supplemental Financial Information of Blue Owl Credit SLF LLC (Unaudited) as of and for the period ended March 31, 2026.](blueowlcreditslfllc-033120.htm)</u> |
| 99.3\* | <u>[Supplemental Financial Information of Blue Owl](blueowlleasingllc-03312026.htm)[Leasing](blueowlleasingllc-03312026.htm)[LLC (Unaudited) as of and for the period ended March 31, 2026.](blueowlleasingllc-03312026.htm)</u> |
| 101.INS | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

\*&nbsp;&nbsp;&nbsp;&nbsp;Filed herewith.

\*\*&nbsp;&nbsp;&nbsp;&nbsp;Furnished herewith.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **Blue Owl Credit Income Corp.** | **Blue Owl Credit Income Corp.** |
| Date: May 11, 2026 | By: | /s/ Craig W. Packer |
|  |  | **Craig W. Packer** |
|  |  | **Chief Executive Officer** |
| Date: May 11, 2026 | By: | /s/ Jonathan Lamm |
|  |  | **Jonathan Lamm** |
|  |  | **Chief Operating Officer and Chief Financial Officer** |

---

## Exhibit 21.1

**Exhibit 21.1**

**SUBSIDIARIES OF BLUE OWL CREDIT INCOME CORP.**

---

| | |
|:---|:---|
| **<u>Name</u>** | **<u>Jurisdiction</u>** |
| ORCIC AH LLC | DELAWARE |
| ORCIC PCF LLC | DELAWARE |
| ORCIC FSI LLC | DELAWARE |
| ORCIC BC 2 LLC | DELAWARE |
| ORCIC BC 3 LLC | DELAWARE |
| ORCIC BC 4 LLC | DELAWARE |
| ORCIC BC 5 LLC | DELAWARE |
| ORCIC BC 6 LLC | DELAWARE |
| ORCIC BC 7 LLC | DELAWARE |
| ORCIC BC 8 LLC | DELAWARE |
| ORCIC AAM RH LLC | DELAWARE |
| ORCIC AAM LLC | DELAWARE |
| ORCIC BC 13 LLC | DELAWARE |
| ORCIC BC 14 LLC | DELAWARE |
| ORCIC BC 15 LLC | DELAWARE |
| ORCIC BC 16 LLC | DELAWARE |
| ORCIC BC 17 LLC | DELAWARE |
| ORCIC BC 18 LLC | DELAWARE |
| OCIC BC 19 LLC | DELAWARE |
| OCIC BC 20 LLC | DELAWARE |
| OCIC BC 21 LLC | DELAWARE |
| OCIC BC 22 LLC | DELAWARE |
| OCIC BC 23 LLC | DELAWARE |
| OCIC BC 24 LLC | DELAWARE |
| OCIC BC 25 LLC | DELAWARE |
| OR Lending IC LLC | DELAWARE |
| Core Income Funding I LLC | DELAWARE |
| Core Income Funding II LLC | DELAWARE |
| Core Income Funding III LLC | DELAWARE |
| Core Income Funding IV LLC | DELAWARE |
| Core Income Funding V LLC | DELAWARE |
| Core Income Funding VI LLC | DELAWARE |
| Core Income Funding VII LLC | DELAWARE |
| Core Income Funding VIII LLC | DELAWARE |
| Core Income Funding IX LLC | DELAWARE |
| Core Income Funding X LLC | DELAWARE |
| OWL ROCK CLO VIII LLC | DELAWARE |
| OWL ROCK CLO XI LLC | DELAWARE |
| OWL ROCK CLO XII LLC | DELAWARE |
| OWL ROCK CLO XV LLC | DELAWARE |
| OWL ROCK CLO XVI LLC | DELAWARE |
| OWL ROCK CLO XVII LLC | DELAWARE |
| OWL ROCK CLO XVIII LLC | DELAWARE |
| OWL ROCK CLO XIX LLC | DELAWARE |
| OWL ROCK CLO XXII LLC | DELAWARE |
| OWL ROCK CLO XXIV LLC | DELAWARE |

---

## Exhibit 31.1

**Exhibit 31.1**

**CERTIFICATION PURSUANT TO**

**RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Craig W. Packer, Chief Executive Officer of Blue Owl Credit Income Corp., certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Blue Owl Credit Income Corp. (the "registrant") for the quarter ended March 31, 2026;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this Quarterly Report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: May 11, 2026 | By: | /s/ Craig W. Packer |
|  |  | **Craig W. Packer** |
|  |  | **Chief Executive Officer** |

---

## Exhibit 31.2

**Exhibit 31.2**

**CERTIFICATION PURSUANT TO**

**RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Jonathan Lamm, Chief Financial Officer of Blue Owl Credit Income Corp., certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Blue Owl Credit Income Corp. (the "registrant") for the quarter ended March 31, 2026;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this Quarterly Report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: May 11, 2026 | By: | /s/ Jonathan Lamm |
|  |  | **Jonathan Lamm** |
|  |  | **Chief Operating Officer and Chief Financial Officer** |

---

## Exhibit 32.1

**Exhibit 32.1**

**CERTIFICATION PURSUANT TO**

**SECTION 1350, CHAPTER 63 OF TITLE 18, UNITED STATES CODE, AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

Pursuant to Section 1350, Chapter 63 of Title 18, United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned, as Chief Executive Officer of Blue Owl Credit Income Corp. (the "Company"), does hereby certify that to the undersigned's knowledge:

1)the Company's Form 10-Q for the quarter ended March 31, 2026 fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

2)the information contained in the Company's Form 10-Q for the quarter ended March 31, 2026 fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| | | |
|:---|:---|:---|
| Date: May 11, 2026 | By: | /s/ Craig W. Packer |
|  |  | **Craig W. Packer** |
|  |  | **Chief Executive Officer** |

---

## Exhibit 32.2

**Exhibit 32.2**

**CERTIFICATION PURSUANT TO**

**SECTION 1350, CHAPTER 63 OF TITLE 18, UNITED STATES CODE, AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

Pursuant to Section 1350, Chapter 63 of Title 18, United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned, as Chief Financial Officer of Blue Owl Credit Income Corp. (the "Company"), does hereby certify that to the undersigned's knowledge:

1)the Company's Form 10-Q for the quarter ended March 31, 2026 fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

2)the information contained in the Company's Form 10-Q for the quarter ended March 31, 2026 fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| | | |
|:---|:---|:---|
| Date: May 11, 2026 | By: | /s/ Jonathan Lamm |
|  |  | **Jonathan Lamm** |
|  |  | **Chief Operating Officer and Chief Financial Officer** |

---

## Exhibit 99.1

**OCIC SLF LLC**

Supplemental Financial Information (Unaudited) as of and for the period ended March 31, 2026

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Statement of Assets and Liabilities**

**(Amounts in thousands)**

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| **Assets** | | |
| &nbsp;&nbsp;&nbsp;Investments at fair value (amortized cost of $1,641,102 and $1,650,246, respectively) | $1586262 | $1626107 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash | 104543 | 58827 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest receivable | 5456 | 5759 |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivable for investments sold | 18981 | 13395 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | 95 | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $1715337 | $1704149 |
| **Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;Debt (net of unamortized debt issuance costs of $7,362 and $7,893, respectively) | $1312638 | $1312107 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payable for investments purchased | 90087 | 44839 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest payable | 12434 | 15890 |
| &nbsp;&nbsp;&nbsp;&nbsp;Due to Advisor | 104 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distribution payable | 7252 | 10277 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 910 | 656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | $1423425 | $1383769 |
| **Members' Equity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Members' Equity | 291912 | 320380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Members' Equity** | 291912 | 320380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities and Members' Equity** | $1715337 | $1704149 |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Statements of Operations**

**(Amounts in thousands)**

---

| | | |
|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| | **2026** | **2025** |
| **Investment Income** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment income | $28150 | $34149 |
| **Total Investment Income** | 28150 | 34149 |
| **Operating Expenses** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 20027 | 21204 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 871 | 754 |
| **Total Operating Expenses** | 20898 | 21958 |
| **Net Investment Income** | $7252 | $12191 |
| **Net Realized and Change in Unrealized Gain (Loss) on Investments** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized gain (loss) on investments | (30701) | (22817) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (7766) | (534) |
| **Total Net Realized and Change in Unrealized Gain (Loss) on Investments** | (38467) | (23351) |
| **Net Increase (Decrease) in Members' Equity Resulting from Operations** | $(31215) | $(11160) |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments** 

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (9)** |
| **Debt Investments** | | | | | | | | | |
| **Advertising and media** | | | | | | | | | |
| NEXSTAR MEDIA INC.(6) | First lien senior secured loan | S + | 2.75% |  | 03/2033 | 5898 | $5839 | $5826 |  |
| OUTFRONT MEDIA CAPITAL LLC(5) | First lien senior secured loan | S + | 2.00% |  | 09/2032 | 1709 | 1707 | 1710 |  |
| Project Boost Purchaser, LLC (dba J.D. Power)(6) | First lien senior secured loan | S + | 2.75% |  | 07/2031 | 7189 | 7189 | 6918 |  |
|  |  |  |  |  |  |  | 14735 | 14454 | 5.0% |
| **Aerospace and defense** |  |  |  |  |  |  |  |  |  |
| Amentum Government Services Holdings LLC(5) | First lien senior secured loan | S + | 2.00% |  | 09/2031 | 3585 | $3579 | $3582 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 1.75% |  | 01/2027 | 327 | 326 | 325 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 2.25% |  | 02/2028 | 4519 | 4519 | 4396 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 2.75% |  | 05/2032 | 2132 | 2132 | 2110 |  |
| Arcline FM Holdings LLC(6) | First lien senior secured loan | S + | 2.75% |  | 06/2030 | 6204 | 6205 | 6206 |  |
| Avolon TLB Borrower 1 (US) LLC(5) | First lien senior secured loan | S + | 1.75% |  | 06/2030 | 1990 | 1992 | 1992 |  |
| Bleriot US Bidco Inc.(6) | First lien senior secured loan | S + | 2.50% |  | 10/2030 | 5564 | 5575 | 5568 |  |
| Brown Group Holdings, LLC(5) | First lien senior secured loan | S + | 2.50% |  | 07/2031 | 11455 | 11455 | 11464 |  |
| CACI International, Inc.(5) | First lien senior secured loan | S + | 1.75% |  | 02/2033 | 3234 | 3226 | 3230 |  |
| Dynasty Acquisition Co., Inc. (dba StandardAero Limited)(5) | First lien senior secured loan | S + | 2.00% |  | 10/2031 | 6105 | 6108 | 6103 |  |
| Kaman Corporation(6) | First lien senior secured loan | S + | 2.50% |  | 02/2032 | 11405 | 11397 | 11397 |  |
| KBR, Inc(5) | First lien senior secured loan | S + | 2.00% |  | 01/2031 | 1850 | 1850 | 1848 |  |
| Mahseer Holdings LLC (dba PennAero)(6)(8) | First lien senior secured loan | S + | 3.25% |  | 03/2033 | 5419 | 5392 | 5392 |  |
| Propulsion (BC) Finco S.A.R.L.(6) | First lien senior secured loan | S + | 2.50% |  | 12/2032 | 3744 | 3739 | 3743 |  |
| Signia Aerospace LLC(6) | First lien senior secured loan | S + | 2.75% |  | 12/2031 | 4350 | 4351 | 4355 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.25% |  | 03/2030 | 2710 | 2710 | 2709 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 02/2031 | 1959 | 1961 | 1959 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 08/2032 | 2343 | 2337 | 2342 |  |
| United Airlines, Inc.(6) | First lien senior secured loan | S + | 1.75% |  | 02/2031 | 1645 | 1645 | 1638 |  |
| VSE Corp(6) | First lien senior secured loan | S + | 2.00% |  | 03/2033 | 2827 | 2820 | 2821 |  |
|  |  |  |  |  |  |  | 85384 | 85248 | 29.2% |
| **Automotive services** |  |  |  |  |  |  |  |  |  |
| Belron Finance US LLC(6) | First lien senior secured loan | S + | 2.00% |  | 10/2031 | 8127 | $8127 | $8119 |  |
| Mister Car Wash Holdings, Inc.(5) | First lien senior secured loan | S + | 2.25% |  | 03/2031 | 5744 | 5721 | 5671 |  |
| VALVOLINE INC(5) | First lien senior secured loan | S + | 2.00% |  | 12/2032 | 2813 | 2801 | 2820 |  |
| Wand Newco 3, Inc. (dba Caliber)(5) | First lien senior secured loan | S + | 2.50% |  | 01/2031 | 2968 | 2968 | 2940 |  |
|  |  |  |  |  |  |  | 19617 | 19550 | 6.7% |
| **Buildings and real estate** |  |  |  |  |  |  |  |  |  |
| Advanced Drainage Systems, Inc.(5) | First lien senior secured loan | S + | 1.63% |  | 02/2033 | 1727 | $1727 | $1732 |  |
| American Builders & Contractors Supply Co., Inc.(5) | First lien senior secured loan | S + | 1.75% |  | 01/2031 | 3473 | 3485 | 3470 |  |
| American Residential Services, LLC(6)(8) | First lien senior secured loan | S + | 2.75% |  | 02/2032 | 5761 | 5760 | 5733 |  |
| ARCOSA INC(5) | First lien senior secured loan | S + | 2.00% |  | 10/2031 | 1926 | 1926 | 1922 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (9)** |
| Beacon Roofing Supply, Inc. (dba QXO)(5) | First lien senior secured loan | S + | 2.00% |  | 04/2032 | 5490 | 5490 | 5473 |  |
| Construction Partners, Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 11/2031 | 1931 | 1928 | 1928 |  |
| Core & Main LP(5)(8) | First lien senior secured loan | S + | 2.00% |  | 02/2031 | 1784 | 1784 | 1784 |  |
| Cushman & Wakefield U.S. Borrower, LLC(5)(8) | First lien senior secured loan | S + | 2.75% |  | 01/2030 | 6778 | 6777 | 6795 |  |
| EMRLD Borrower LP (dba Emerson)(6) | First lien senior secured loan | S + | 2.25% |  | 08/2031 | 1559 | 1559 | 1555 |  |
| Hunter Douglas Inc(6) | First lien senior secured loan | S + | 3.00% |  | 01/2032 | 3213 | 3192 | 3194 |  |
| Knife River Corporation(6) | First lien senior secured loan | S + | 2.00% |  | 03/2032 | 3151 | 3156 | 3157 |  |
| MIWD Holdco II LLC(5) | First lien senior secured loan | S + | 2.75% |  | 03/2031 | 1298 | 1300 | 1192 |  |
| Park River Holdings Inc(6) | First lien senior secured loan | S + | 4.50% |  | 03/2031 | 5376 | 5303 | 5244 |  |
| Quikrete Holdings, Inc.(6) | First lien senior secured loan | S + | 2.25% |  | 04/2031 | 2606 | 2606 | 2601 |  |
| Quikrete Holdings, Inc.(5) | First lien senior secured loan | S + | 2.25% |  | 02/2032 | 5954 | 5943 | 5939 |  |
| Starwood Property Mortgage, L.L.C.(5)(8) | First lien senior secured loan | S + | 1.75% |  | 11/2027 | 1939 | 1935 | 1934 |  |
| Starwood Property Mortgage, L.L.C.(5) | First lien senior secured loan | S + | 2.25% |  | 09/2032 | 2201 | 2203 | 2201 |  |
|  |  |  |  |  |  |  | 56074 | 55854 | 19.1% |
| **Business services** |  |  |  |  |  |  |  |  |  |
| Boxer Parent Company Inc. (f/k/a BMC)(6) | First lien senior secured loan | S + | 3.00% |  | 07/2031 | 4590 | $4588 | $4244 |  |
| BrightView Landscapes, LLC(6) | First lien senior secured loan | S + | 2.00% |  | 04/2029 | 5741 | 5747 | 5717 |  |
| CCC Intelligent Solutions Inc(5) | First lien senior secured loan | S + | 2.00% |  | 01/2032 | 781 | 781 | 774 |  |
| ConnectWise, LLC(6) | First lien senior secured loan | S + | 3.50% |  | 09/2028 | 1184 | 1191 | 1091 |  |
| DYCOM INDUSTRIES INC(5) | First lien senior secured loan | S + | 1.75% |  | 01/2033 | 1677 | 1673 | 1682 |  |
| IDEMIA Group SAS(6) | First lien senior secured loan | S + | 4.25% |  | 09/2028 | 7838 | 7858 | 7753 |  |
| IGT Holding IV AB (dba IFS)(6)(8) | First lien senior secured loan | S + | 3.00% |  | 09/2031 | 2745 | 2743 | 2718 |  |
| Kaseya Inc.(5) | First lien senior secured loan | S + | 3.25% |  | 03/2032 | 6993 | 6966 | 6513 |  |
| Madison Safety & Flow LLC(5) | First lien senior secured loan | S + | 2.50% |  | 09/2031 | 1983 | 1983 | 1982 |  |
| MKS Instruments, Inc.(5) | First lien senior secured loan | S + | 1.75% |  | 02/2033 | 927 | 927 | 927 |  |
| NVENT ELEC PUB LTD CO (dba Nvent Thermal LLC)(5) | First lien senior secured loan | S + | 3.00% |  | 01/2032 | 6912 | 6884 | 6897 |  |
| Ping Identity Holding Corp.(5)(8) | First lien senior secured loan | S + | 2.75% |  | 11/2032 | 6466 | 6450 | 6386 |  |
| Pinnacle Buyer, LLC(6) | First lien senior secured loan | S + | 2.50% |  | 10/2032 | 8883 | 8863 | 8886 |  |
| Plano HoldCo, Inc. (dba Perficient)(6) | First lien senior secured loan | S + | 3.50% |  | 10/2031 | 8599 | 8562 | 6879 |  |
| Plusgrade Inc.(6)(8) | First lien senior secured loan | S + | 3.50% |  | 03/2031 | 9110 | 9110 | 8745 |  |
| Pye-Barker Fire & Safety, LLC(5) | First lien senior secured loan | S + | 2.50% |  | 12/2032 | 7798 | 7762 | 7805 |  |
| Red Planet Borrower, LLC (dba Liftoff Mobile)(5) | First lien senior secured loan | S + | 4.00% |  | 08/2032 | 8349 | 8270 | 8152 |  |
| Shift4 Payments, LLC(6) | First lien senior secured loan | S + | 2.00% |  | 07/2032 | 5920 | 5920 | 5901 |  |
| Sitel Worldwide Corp.(5) | First lien senior secured loan | S + | 3.75% |  | 08/2028 | 2633 | 2615 | 984 |  |
| Tecta America Corp.(5) | First lien senior secured loan | S + | 2.75% |  | 02/2032 | 9464 | 9464 | 9420 |  |
| Vestis Corp(6)(8) | First lien senior secured loan | S + | 2.25% |  | 02/2031 | 6483 | 6301 | 6240 |  |
| VM Consolidated, Inc.(5) | First lien senior secured loan | S + | 2.00% |  | 10/2032 | 3418 | 3410 | 3419 |  |
| XPLOR T1, LLC(6)(8) | First lien senior secured loan | S + | 3.50% |  | 12/2032 | 13945 | 13897 | 12934 |  |
|  |  |  |  |  |  |  | 131965 | 126049 | 43.2% |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (9)** |
| **Chemicals** | | | | | | | | | |
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(6)(8) | First lien senior secured loan | S + | 4.75% |  | 11/2027 | 7299 | $7120 | $6987 |  |
| Axalta Coating Systems US Holdings INC(6) | First lien senior secured loan | S + | 1.75% |  | 12/2029 | 2576 | 2581 | 2577 |  |
| Derby Buyer LLC (dba Delrin)(5) | First lien senior secured loan | S + | 3.00% |  | 11/2030 | 2760 | 2768 | 2753 |  |
| FORMULATIONS PARENT CORPORATION (dba Chase Corporation)(6)(8) | First lien senior secured loan | S + | 4.00% |  | 04/2032 | 3206 | 3211 | 3182 |  |
| H.B. Fuller Company(5) | First lien senior secured loan | S + | 1.75% |  | 02/2030 | 1726 | 1722 | 1730 |  |
| Ineos US Finance LLC(5) | First lien senior secured loan | S + | 3.25% |  | 02/2030 | 4396 | 4368 | 3817 |  |
| Ineos US Finance LLC(5) | First lien senior secured loan | S + | 3.00% |  | 02/2031 | 6372 | 6372 | 5455 |  |
| Ineos US Petrochem LLC(5) | First lien senior secured loan | S + | 4.25% |  | 04/2029 | 2494 | 2367 | 1939 |  |
| Ineos US Petrochem LLC(5) | First lien senior secured loan | S + | 3.75% |  | 03/2030 | 5852 | 5837 | 4210 |  |
| MSOF BEACON LLC(6) | First lien senior secured loan | S + | 2.50% |  | 12/2032 | 5471 | 5457 | 5462 |  |
| Nouryon Finance B.V.(7) | First lien senior secured loan | S + | 3.25% |  | 04/2028 | 6925 | 6924 | 6779 |  |
| Windsor Holdings III LLC(5) | First lien senior secured loan | S + | 2.75% |  | 08/2030 | 11483 | 11485 | 11297 |  |
|  |  |  |  |  |  |  | 60212 | 56188 | 19.2% |
| **Consumer Products** |  |  |  |  |  |  |  |  |  |
| ACP Tara Holdings, Inc. (dba Arcadia)(6) | First lien senior secured loan | S + | 3.25% |  | 12/2032 | 8020 | 8005 | 8046 |  |
| ASGN Incorporated(5) | First lien senior secured loan | S + | 1.75% |  | 08/2030 | 311 | 312 | 310 |  |
| BEP Intermediate Holdco, LLC (dba Buyers Edge Platform)(5)(8) | First lien senior secured loan | S + | 2.75% |  | 04/2031 | 6973 | 6946 | 6955 |  |
| HomeServe USA Holding Corp.(5) | First lien senior secured loan | S + | 2.00% |  | 10/2030 | 5585 | 5592 | 5534 |  |
| Novelis Inc(6) | First lien senior secured loan | S + | 1.75% |  | 03/2032 | 3716 | 3721 | 3715 |  |
|  |  |  |  |  |  |  | 24576 | 24560 | 8.4% |
| **Containers and packaging** |  |  |  |  |  |  |  |  |  |
| Berlin Packaging(6) | First lien senior secured loan | S + | 3.25% |  | 06/2031 | 10992 | $10998 | $10568 |  |
| Charter NEX US, Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 11/2030 | 4630 | 4632 | 4597 |  |
| Clydesdale Acquisition Holdings, Inc. (dba Novolex)(5) | First lien senior secured loan | S + | 3.25% |  | 03/2032 | 9878 | 9814 | 9202 |  |
| Graham Packaging Company Inc(5) | First lien senior secured loan | S + | 2.25% |  | 01/2033 | 1354 | 1351 | 1339 |  |
| Plastipak Holdings Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 09/2032 | 11306 | 11255 | 11172 |  |
| Pregis Topco LLC(5) | First lien senior secured loan | S + | 4.00% |  | 02/2029 | 6905 | 6892 | 6891 |  |
| ProAmpac PG Borrower LLC(5) | First lien senior secured loan | S + | 4.00% |  | 03/2033 | 7992 | 7872 | 7699 |  |
| Ring Container Technologies Group, LLC(5) | First lien senior secured loan | S + | 2.50% |  | 09/2032 | 1983 | 1980 | 1962 |  |
| SupplyOne, Inc.(5) | First lien senior secured loan | S + | 3.50% |  | 04/2031 | 10559 | 10562 | 10579 |  |
| Tricorbraun Holdings, Inc.(5) | First lien senior secured loan | S + | 3.25% |  | 03/2028 | 12444 | 12358 | 11801 |  |
|  |  |  |  |  |  |  | 77714 | 75810 | 26.0% |
| **Distribution** |  |  |  |  |  |  |  |  |  |
| AI Aqua Merger Sub, Inc. (dba Culligan)(5) | First lien senior secured loan | S + | 2.75% |  | 07/2028 | 8993 | $8994 | $8966 |  |
| Aramsco, Inc.(6) | First lien senior secured loan | S + | 4.75% |  | 10/2030 | 4711 | 4643 | 3224 |  |
| Avient Corporation(6) | First lien senior secured loan | S + | 1.75% |  | 08/2029 | 1324 | 1330 | 1333 |  |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(5) | First lien senior secured loan | S + | 3.25% |  | 12/2030 | 7999 | 8001 | 7869 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (9)** |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(5) | First lien senior secured loan | S + | 3.50% |  | 12/2032 | 2290 | 2257 | 2251 |  |
| Paint Intermediate III LLC (dba Wesco Group)(6) | First lien senior secured loan | S + | 3.00% |  | 10/2031 | 9821 | 9788 | 9766 |  |
|  |  |  |  |  |  |  | 35013 | 33409 | 11.4% |
| **Education** |  |  |  |  |  |  |  |  |  |
| Covista Inc. (dba Adtalem Global Education)(5)(8) | First lien senior secured loan | S + | 2.25% |  | 03/2033 | 2764 | $2750 | $2750 |  |
| Renaissance Learning, Inc.(6) | First lien senior secured loan | S + | 4.00% |  | 04/2030 | 7782 | 7786 | 5493 |  |
|  |  |  |  |  |  |  | 10536 | 8243 | 2.8% |
| **Energy equipment and services** |  |  |  |  |  |  |  |  |  |
| AZZ Inc.(5) | First lien senior secured loan | S + | 1.75% |  | 05/2029 | 2259 | $2262 | $2262 |  |
| Brookfield WEC Holdings Inc.(5) | First lien senior secured loan | S + | 2.00% |  | 01/2031 | 6806 | 6806 | 6791 |  |
| Calpine Construction Finance Company(5) | First lien senior secured loan | S + | 1.75% |  | 07/2030 | 6825 | 6825 | 6824 |  |
| Centuri Group, Inc(5) | First lien senior secured loan | S + | 2.00% |  | 07/2032 | 2013 | 2013 | 2013 |  |
| Fleet U.S. Bidco Inc.(6)(8) | First lien senior secured loan | S + | 2.75% |  | 02/2031 | 5673 | 5673 | 5673 |  |
|  |  |  |  |  |  |  | 23579 | 23563 | 8.1% |
| **Financial services** |  |  |  |  |  |  |  |  |  |
| AllSpring Buyer(6) | First lien senior secured loan | S + | 3.00% |  | 11/2030 | 4429 | $4428 | $4429 |  |
| Ascensus Holdings, Inc.(5) | First lien senior secured loan | S + | 3.00% |  | 11/2032 | 5589 | 5577 | 5493 |  |
| BCPE Pequod Buyer, Inc. (dba Envestnet)(6) | First lien senior secured loan | S + | 2.75% |  | 11/2031 | 6161 | 6149 | 5969 |  |
| Chrysaor Bidco s.à r.l. (dba AlterDomus)(6) | First lien senior secured loan | S + | 3.25% |  | 10/2031 | 6383 | 6381 | 6367 |  |
| Citco Funding LLC(5) | First lien senior secured loan | S + | 2.00% |  | 01/2033 | 7637 | 7622 | 7601 |  |
| Citrin Cooperman Advisors LLC(6) | First lien senior secured loan | S + | 3.00% |  | 04/2032 | 5006 | 4968 | 4800 |  |
| Cohnreznick Advisory LLC(6) | First lien senior secured loan | S + | 3.25% |  | 03/2032 | 5527 | 5515 | 5327 |  |
| Creative Planning, LLC(5) | First lien senior secured loan | S + | 2.00% |  | 05/2031 | 7734 | 7712 | 7675 |  |
| EP Wealth Advisors, LLC(6) | First lien senior secured loan | S + | 3.00% |  | 10/2032 | 2059 | 2054 | 2059 |  |
| First Eagle Holdings, Inc.(6) | First lien senior secured loan | S + | 3.50% |  | 08/2032 | 6943 | 6847 | 6836 |  |
| Focus Financial Partners, LLC(5) | First lien senior secured loan | S + | 2.50% |  | 09/2031 | 7338 | 7329 | 7092 |  |
| Grant Thornton Advisors LLC(5) | First lien senior secured loan | S + | 2.75% |  | 06/2031 | 4889 | 4844 | 4544 |  |
| Guggenheim Partners Investment Management Holdings, LLC(6) | First lien senior secured loan | S + | 2.50% |  | 11/2031 | 7222 | 7203 | 7222 |  |
| Kestra Advisor Services Holdings A, Inc.(5) | First lien senior secured loan | S + | 3.00% |  | 03/2031 | 7184 | 7189 | 7125 |  |
| MARINER WEALTH ADVISORS, LLC(6) | First lien senior secured loan | S + | 2.25% |  | 12/2030 | 2344 | 2344 | 2335 |  |
| OneDigital Borrower LLC(5) | First lien senior secured loan | S + | 3.00% |  | 07/2031 | 9851 | 9850 | 9503 |  |
| Orion Advisor Solutions Inc(6) | First lien senior secured loan | S + | 2.75% |  | 09/2030 | 7839 | 7839 | 7686 |  |
| PPI Holding US INC. (dba Nuvei)(5) | First lien senior secured loan | S + | 2.50% |  | 11/2031 | 8166 | 8167 | 7989 |  |
| PUSHPAY USA INC(6)(8) | First lien senior secured loan | S + | 3.75% |  | 08/2031 | 308 | 308 | 299 |  |
| Saphilux S.a.r.L. (dba IQ-EQ)(7) | First lien senior secured loan | S + | 3.00% |  | 07/2028 | 13170 | 13171 | 13141 |  |
| TMF Sapphire Bidco B.V.(6) | First lien senior secured loan | S + | 2.75% |  | 05/2028 | 3676 | 3684 | 3674 |  |
| Victory Capital Holdings Inc(6) | First lien senior secured loan | S + | 2.00% |  | 09/2032 | 3646 | 3643 | 3635 |  |
|  |  |  |  |  |  |  | 132824 | 130801 | 44.8% |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (9)** |
| **Food and beverage** | | | | | | | | | |
| 1011778 BC / NEW RED FIN (dba Restaurant Brands)(5) | First lien senior secured loan | S + | 1.75% |  | 09/2030 | 4829 | $4834 | $4815 |  |
| Aramark Services, Inc.(5) | First lien senior secured loan | S + | 1.75% |  | 06/2030 | 6070 | 6070 | 6070 |  |
| Aspire Bakeries Holdings, LLC(5)(8) | First lien senior secured loan | S + | 3.00% |  | 12/2030 | 6761 | 6762 | 6761 |  |
| Balrog Acquisition, Inc. (dba Bakemark)(5) | First lien senior secured loan | S + | 4.00% |  | 09/2028 | 6664 | 6624 | 4676 |  |
| Chobani LLC(5) | First lien senior secured loan | S + | 2.25% |  | 10/2032 | 4527 | 4527 | 4525 |  |
| Fiesta Purchaser, Inc. (dba Shearer's Foods)(5) | First lien senior secured loan | S + | 2.75% |  | 02/2031 | 8184 | 8188 | 7970 |  |
| FRONERI US INC(7) | First lien senior secured loan | S + | 2.25% |  | 09/2031 | 3377 | 3371 | 3305 |  |
| FRONERI US INC(7) | First lien senior secured loan | S + | 2.25% |  | 09/2032 | 6724 | 6710 | 6588 |  |
| IRB Holding Corp (dba Inspire Brands, Inc.)(5) | First lien senior secured loan | S + | 2.50% |  | 12/2030 | 7097 | 7134 | 7076 |  |
| Pegasus BidCo B.V.(6) | First lien senior secured loan | S + | 2.75% |  | 07/2029 | 10157 | 10154 | 10109 |  |
| Primo Brands Corporation(6) | First lien senior secured loan | S + | 2.75% |  | 03/2031 | 5738 | 5710 | 5745 |  |
| Raising Cane's Restaurants, LLC(5) | First lien senior secured loan | S + | 2.00% |  | 11/2032 | 7256 | 7242 | 7206 |  |
| Red SPV, LLC(5) | First lien senior secured loan | S + | 2.25% |  | 03/2032 | 7798 | 7766 | 7779 |  |
| Savor Acquisition, Inc. (dba Sauer Brands)(6) | First lien senior secured loan | S + | 3.00% |  | 02/2032 | 4388 | 4380 | 4389 |  |
| Simply Good Foods USA, Inc.(6) | First lien senior secured loan | S + | 2.00% |  | 03/2030 | 4260 | 4251 | 4267 |  |
| Snacking Investments US LLC (dba Arnott's Group)(6) | First lien senior secured loan | S + | 3.00% |  | 10/2032 | 3806 | 3798 | 3805 |  |
| Utz Quality Foods, LLC(6) | First lien senior secured loan | S + | 2.50% |  | 01/2032 | 2630 | 2630 | 2627 |  |
| Whatabrands LLC (dba Whataburger Restaurants LLC)(5) | First lien senior secured loan | S + | 2.50% |  | 08/2028 | 4685 | 4693 | 4674 |  |
|  |  |  |  |  |  |  | 104844 | 102387 | 35.1% |
| **Healthcare equipment and services** |  |  |  |  |  |  |  |  |  |
| Agiliti Health(7) | First lien senior secured loan | S + | 3.00% |  | 05/2030 | 5756 | $5704 | $5583 |  |
| Argent Finco LLC(6)(8) | First lien senior secured loan | S + | 3.00% |  | 11/2032 | 2095 | 2090 | 2095 |  |
| Azalea TopCo, Inc. (dba Press Ganey)(5) | First lien senior secured loan | S + | 3.00% |  | 04/2031 | 629 | 630 | 628 |  |
| Confluent Medical Technologies, Inc.(6) | First lien senior secured loan | S + | 3.00% |  | 02/2029 | 6484 | 6484 | 6472 |  |
| Curium BidCo S.A.R.L (dba Curium Pharma)(6) | First lien senior secured loan | S + | 3.00% |  | 08/2031 | 6128 | 6114 | 6113 |  |
| Global Medical Response, Inc.(6) | First lien senior secured loan | S + | 3.50% |  | 10/2032 | 6502 | 6488 | 6474 |  |
| Hologic Inc(6) | First lien senior secured loan | S + | 2.25% |  | 01/2033 | 10282 | 10256 | 10153 |  |
| LUMEXA IMAGING INC(6) | First lien senior secured loan | S + | 3.00% |  | 12/2032 | 2438 | 2439 | 2443 |  |
| Medline Borrower, LP(5) | First lien senior secured loan | S + | 1.75% |  | 10/2030 | 3344 | 3342 | 3347 |  |
| Natus Medical Incorporated(6)(8) | First lien senior secured loan | S + | 5.25% |  | 07/2029 | 1810 | 1734 | 1792 |  |
| NSM Top Holdings Corp. (dba National Seating & Mobility)(6)(8) | First lien senior secured loan | S + | 4.25% |  | 05/2029 | 4938 | 4928 | 4938 |  |
| Resonetics, LLC(6) | First lien senior secured loan | S + | 2.75% |  | 06/2031 | 2141 | 2139 | 2129 |  |
| Sharp Services, LLC(6) | First lien senior secured loan | S + | 3.00% |  | 09/2032 | 715 | 712 | 715 |  |
| Zest Acquisition Corp.(6)(8) | First lien senior secured loan | S + | 5.25% |  | 02/2028 | 7866 | 7890 | 7610 |  |
|  |  |  |  |  |  |  | 60950 | 60492 | 20.7% |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (9)** |
| **Healthcare providers and services** | | | | | | | | | |
| CHG Healthcare Services, Inc.(6) | First lien senior secured loan | S + | 2.75% |  | 09/2028 | 4749 | $4766 | $4750 |  |
| CHG PPC Parent LLC(5) | First lien senior secured loan | S + | 3.00% |  | 12/2028 | 6478 | 6460 | 6474 |  |
| Concentra(5) | First lien senior secured loan | S + | 2.00% |  | 07/2031 | 2213 | 2213 | 2219 |  |
| Covetrus, Inc.(6)(8) | First lien senior secured loan | S + | 5.00% |  | 10/2029 | 11920 | 11465 | 11473 |  |
| Electron Bidco Inc (dba ExamWorks)(5) | First lien senior secured loan | S + | 2.50% |  | 02/2033 | 1430 | 1430 | 1427 |  |
| Inizio Group Limited (dba UDG Healthcare)(6) | First lien senior secured loan | S + | 4.25% |  | 08/2028 | 5676 | 5659 | 5052 |  |
| LSCS Holdings, Inc.(6) | First lien senior secured loan | S + | 4.50% |  | 03/2032 | 11295 | 11237 | 10560 |  |
| Onex TSG Intermediate Corporation(6) | First lien senior secured loan | S + | 3.25% |  | 08/2032 | 3618 | 3618 | 3631 |  |
| Option Care Health, Inc(5) | First lien senior secured loan | S + | 1.75% |  | 09/2032 | 1597 | 1594 | 1602 |  |
| Pacific Dental Services, LLC(5) | First lien senior secured loan | S + | 2.50% |  | 03/2031 | 8709 | 8715 | 8709 |  |
| Pediatric Associates Holding Company, LLC(6)(8) | First lien senior secured loan | S + | 4.50% |  | 12/2028 | 2109 | 2040 | 2056 |  |
| Pediatric Associates Holding Company, LLC(6) | First lien senior secured loan | S + | 3.25% |  | 12/2028 | 5675 | 5456 | 5417 |  |
| Phoenix Guarantor Inc(5) | First lien senior secured loan | S + | 2.50% |  | 02/2031 | 7092 | 7092 | 7089 |  |
| Phoenix Newco, Inc. (dba Parexel)(5) | First lien senior secured loan | S + | 2.75% |  | 12/2031 | 10366 | 10343 | 10323 |  |
| Physician Partners, LLC(6)(8) | First lien senior secured loan | S + | 6.00% |  | 12/2029 | 10973 | 8626 | 9287 |  |
| Select Medical Corp.(5) | First lien senior secured loan | S + | 2.00% |  | 12/2031 | 316 | 316 | 314 |  |
| Select Medical Corp.(6)(8) | First lien senior secured loan | S + | 3.25% |  | 12/2031 | 5501 | 5446 | 5488 |  |
| Soliant Lower Intermediate, LLC (dba Soliant)(7) | First lien senior secured loan | S + | 3.75% |  | 07/2031 | 8312 | 8245 | 6151 |  |
| Surgery Center Holdings, Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 12/2030 | 4092 | 4083 | 4090 |  |
| WCG Intermediate Corp. (f/k/a Da Vinci Purchaser Corp.) (dba WCG)(5) | First lien senior secured loan | S + | 2.75% |  | 02/2032 | 7672 | 7672 | 7464 |  |
|  |  |  |  |  |  |  | 116476 | 113576 | 38.9% |
| **Healthcare technology** |  |  |  |  |  |  |  |  |  |
| Certara(5)(8) | First lien senior secured loan | S + | 2.75% |  | 06/2031 | 976 | $977 | $976 |  |
| Cotiviti, Inc.(5) | First lien senior secured loan | S + | 2.75% |  | 03/2032 | 3347 | 3318 | 3075 |  |
| Cotiviti, Inc.(5) | First lien senior secured loan | S + | 2.75% |  | 05/2031 | 2830 | 2830 | 2602 |  |
| Ensemble RCM, LLC(6) | First lien senior secured loan | S + | 3.00% |  | 02/2033 | 11596 | 11585 | 11449 |  |
| Imprivata, Inc.(6) | First lien senior secured loan | S + | 3.00% |  | 12/2027 | 5570 | 5570 | 5519 |  |
| IQVIA, Inc.(6) | First lien senior secured loan | S + | 1.75% |  | 01/2031 | 92 | 92 | 92 |  |
| PointClickCare Technologies, Inc.(5) | First lien senior secured loan | S + | 2.75% |  | 11/2031 | 5409 | 5409 | 5376 |  |
| Project Ruby Ultimate Parent Corp. (dba Wellsky)(5) | First lien senior secured loan | S + | 2.75% |  | 03/2028 | 1668 | 1669 | 1659 |  |
| Radnet Management, Inc.(6) | First lien senior secured loan | S + | 2.25% |  | 04/2031 | 2933 | 2936 | 2936 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM)(5) | First lien senior secured loan | S + | 3.00% |  | 11/2031 | 7792 | 7760 | 7635 |  |
| Southern Veterinary Partners, LLC(5) | First lien senior secured loan | S + | 2.50% |  | 12/2031 | 8858 | 8858 | 8771 |  |
| Waystar Technologies, Inc. (F/K/A Navicure, Inc.)(5)(8) | First lien senior secured loan | S + | 2.00% |  | 10/2029 | 4115 | 4118 | 4104 |  |
| Zelis Cost Management Buyer, Inc.(5) | First lien senior secured loan | S + | 2.75% |  | 09/2029 | 6659 | 6645 | 6437 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (9)** |
| Zelis Cost Management Buyer, Inc.(5) | First lien senior secured loan | S + | 3.25% |  | 11/2031 | 3660 | 3646 | 3536 |  |
|  |  |  |  |  |  |  | 65413 | 64167 | 22.0% |
| **Household products** |  |  |  |  |  |  |  |  |  |
| Samsonite International S.A.(5) | First lien senior secured loan | S + | 1.75% |  | 11/2032 | 2468 | $2456 | $2467 |  |
|  |  |  |  |  |  |  | 2456 | 2467 | 0.8% |
| **Human resource support services** |  |  |  |  |  |  |  |  |  |
| AQ Carver Buyer, Inc. (dba CoAdvantage)(7)(8) | First lien senior secured loan | S + | 5.50% |  | 08/2029 | 5946 | $5933 | $4653 |  |
| Dawn Bidco, LLC (dba Dayforce)(6) | First lien senior secured loan | S + | 3.00% |  | 10/2032 | 11095 | 11073 | 10482 |  |
| iSolved, Inc.(5) | First lien senior secured loan | S + | 2.75% |  | 10/2030 | 8093 | 8093 | 7693 |  |
| UKG Inc. (dba Ultimate Software)(6) | First lien senior secured loan | S + | 2.50% |  | 02/2031 | 7904 | 7904 | 7541 |  |
|  |  |  |  |  |  |  | 33003 | 30369 | 10.4% |
| **Infrastructure and environmental services** |  |  |  |  |  |  |  |  |  |
| Arcwood Environmental, Inc(6)(8) | First lien senior secured loan | S + | 3.25% |  | 03/2033 | 3243 | $3227 | $3243 |  |
| ASP Acuren Holdings, Inc.(5) | First lien senior secured loan | S + | 2.75% |  | 07/2031 | 2467 | 2463 | 2461 |  |
| Clean Harbors Inc(5) | First lien senior secured loan | S + | 1.50% |  | 09/2032 | 1554 | 1554 | 1564 |  |
| Geosyntec Consultants, Inc.(5) | First lien senior secured loan | S + | 3.00% |  | 07/2031 | 7466 | 7466 | 7433 |  |
| GFL Environmental Services Inc.(6) | First lien senior secured loan | S + | 2.50% |  | 03/2032 | 6016 | 6009 | 6012 |  |
| Gulfside Supply, Inc. (dba Gulfeagle Supply)(6) | First lien senior secured loan | S + | 3.00% |  | 06/2031 | 5710 | 5661 | 5203 |  |
|  |  |  |  |  |  |  | 26380 | 25916 | 8.9% |
| **Insurance** |  |  |  |  |  |  |  |  |  |
| Acrisure, LLC(5) | First lien senior secured loan | S + | 3.00% |  | 11/2030 | 4461 | $4480 | $4315 |  |
| Acrisure, LLC(5) | First lien senior secured loan | S + | 3.25% |  | 06/2032 | 1439 | 1436 | 1392 |  |
| Alera Group, Inc.(6) | First lien senior secured loan | S + | 2.75% |  | 05/2032 | 3827 | 3827 | 3706 |  |
| Alliant Holdings Intermediate LLC(5) | First lien senior secured loan | S + | 2.50% |  | 09/2031 | 4079 | 4073 | 4044 |  |
| AmWINS Group, Inc.(5) | First lien senior secured loan | S + | 2.00% |  | 01/2032 | 7608 | 7608 | 7549 |  |
| Ardonagh Midco 3 PLC(7) | First lien senior secured loan | S + | 2.75% |  | 02/2031 | 5253 | 5253 | 5124 |  |
| Broadstreet Partners, Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 06/2031 | 3689 | 3689 | 3593 |  |
| CFC USA 2025 LLC (dba CFC Insurance)(6) | First lien senior secured loan | S + | 3.50% |  | 07/2032 | 2813 | 2788 | 2680 |  |
| Hub International(6) | First lien senior secured loan | S + | 2.25% |  | 06/2030 | 4683 | 4683 | 4669 |  |
| Hyperion Refinance S.à r.l (dba Howden Group)(5) | First lien senior secured loan | S + | 2.75% |  | 04/2030 | 4878 | 4879 | 4752 |  |
| Hyperion Refinance S.à r.l (dba Howden Group)(5) | First lien senior secured loan | S + | 2.75% |  | 02/2031 | 7415 | 7415 | 7172 |  |
| IMA Financial Group, Inc.(5) | First lien senior secured loan | S + | 3.00% |  | 11/2028 | 5778 | 5769 | 5720 |  |
| Mitchell International, Inc.(5) | First lien senior secured loan | S + | 3.00% |  | 06/2031 | 6103 | 6047 | 5808 |  |
| Ryan Specialty Group LLC(5) | First lien senior secured loan | S + | 2.00% |  | 09/2031 | 1820 | 1816 | 1815 |  |
| Summit Acquisition Inc. (dba K2 Insurance Services)(5)(8) | First lien senior secured loan | S + | 3.50% |  | 10/2031 | 1972 | 1972 | 1967 |  |
| The Liberty Company Insurance Brokers, LLC(7)(8) | First lien senior secured loan | S + | 3.75% |  | 10/2032 | 1614 | 1607 | 1546 |  |
| Trucordia Insurance Holdings, LLC(5)(8) | First lien senior secured loan | S + | 3.25% |  | 06/2032 | 16418 | 16382 | 15679 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (9)** |
| Truist Insurance Holdings, LLC(6) | First lien senior secured loan | S + | 2.75% |  | 05/2031 | 4153 | 4151 | 4090 |  |
| USI, Inc.(6) | First lien senior secured loan | S + | 2.25% |  | 09/2030 | 3187 | 3188 | 3175 |  |
|  |  |  |  |  |  |  | 91063 | 88796 | 30.4% |
| **Internet software and services** |  |  |  |  |  |  |  |  |  |
| Avalara, Inc.(6) | First lien senior secured loan | S + | 2.75% |  | 03/2032 | 4597 | $4594 | $4487 |  |
| Barracuda Parent, LLC(6) | First lien senior secured loan | S + | 4.50% |  | 08/2029 | 5427 | 5299 | 3433 |  |
| Cloud Software Group, Inc.(6) | First lien senior secured loan | S + | 3.25% |  | 03/2031 | 9406 | 9406 | 8588 |  |
| Cloud Software Group, Inc.(6) | First lien senior secured loan | S + | 3.25% |  | 08/2032 | 2285 | 2285 | 2084 |  |
| Clover Holdings 2, LLC (dba Cohesity)(5) | First lien senior secured loan | S + | 3.75% |  | 12/2031 | 5459 | 5415 | 5220 |  |
| Delta TopCo, Inc. (dba Infoblox, Inc.)(5) | First lien senior secured loan | S + | 2.75% |  | 11/2029 | 10728 | 10674 | 10361 |  |
| Epicor(5) | First lien senior secured loan | S + | 2.50% |  | 05/2031 | 1421 | 1420 | 1393 |  |
| Gen Digital Inc(5) | First lien senior secured loan | S + | 1.75% |  | 04/2032 | 3403 | 3388 | 3345 |  |
| Genesys Cloud Services, Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 01/2032 | 6571 | 6556 | 6277 |  |
| KnowBe4, Inc.(6) | First lien senior secured loan | S + | 3.75% |  | 07/2032 | 7449 | 7444 | 6617 |  |
| McAfee Corp.(5) | First lien senior secured loan | S + | 3.00% |  | 03/2029 | 4457 | 4456 | 3967 |  |
| Mitnick Corporate Purchaser, Inc.(6) | First lien senior secured loan | S + | 4.75% |  | 05/2029 | 2972 | 2840 | 1342 |  |
| Opal US LLC(6) | First lien senior secured loan | S + | 3.00% |  | 04/2032 | 4101 | 4102 | 4097 |  |
| Project Alpha Intermediate Holding, Inc. (dba Qlik)(6) | First lien senior secured loan | S + | 3.25% |  | 10/2030 | 10059 | 10068 | 7578 |  |
| Proofpoint, Inc.(6) | First lien senior secured loan | S + | 3.00% |  | 08/2028 | 6452 | 6426 | 6237 |  |
| Quartz Acquireco, LLC (dba Qualtrics)(6)(8) | First lien senior secured loan | S + | 2.25% |  | 06/2030 | 7364 | 7366 | 6112 |  |
| Sedgwick Claims Management Services, Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 07/2031 | 5895 | 5895 | 5780 |  |
| SONICWALL US Holdings, Inc.(6) | First lien senior secured loan | S + | 5.00% |  | 05/2028 | 10294 | 10133 | 3028 |  |
| Sophos Holdings, LLC(5) | First lien senior secured loan | S + | 3.50% |  | 03/2027 | 5838 | 5837 | 5544 |  |
| SS&C(5) | First lien senior secured loan | S + | 2.00% |  | 05/2031 | 5379 | 5377 | 5358 |  |
| Starlight Parent, LLC (dba SolarWinds)(6) | First lien senior secured loan | S + | 4.00% |  | 04/2032 | 7651 | 7446 | 6465 |  |
| Storable, Inc.(5) | First lien senior secured loan | S + | 3.25% |  | 04/2031 | 1985 | 1996 | 1897 |  |
| UST Holdings, Ltd.(5)(8) | First lien senior secured loan | S + | 3.00% |  | 11/2028 | 4699 | 4701 | 4488 |  |
| VERDE PURCHASER LLC (dba Veritiv Corp)(6) | First lien senior secured loan | S + | 4.00% |  | 11/2030 | 8466 | 8443 | 8212 |  |
| VIAVI SOLUTIONS INC(6) | First lien senior secured loan | S + | 2.50% |  | 10/2032 | 3702 | 3699 | 3702 |  |
| VIRTUSA CORPORATION(5) | First lien senior secured loan | S + | 3.25% |  | 02/2029 | 3725 | 3728 | 3339 |  |
| VS Buyer LLC (dba Veeam Software)(6) | First lien senior secured loan | S + | 2.25% |  | 04/2031 | 8935 | 8911 | 8711 |  |
|  |  |  |  |  |  |  | 157905 | 137662 | 47.2% |
| **Investment funds and vehicle** |  |  |  |  |  |  |  |  |  |
| Chicago US MidCo III, LP(5) | First lien senior secured loan | S + | 2.50% |  | 11/2032 | 7751 | $7733 | $7661 |  |
| Finco I, LLC(5) | First lien senior secured loan | S + | 1.75% |  | 06/2029 | 1966 | 1966 | 1908 |  |
| Grosvenor(5) | First lien senior secured loan | S + | 2.25% |  | 02/2030 | 2183 | 2183 | 2184 |  |
| JUPITER BORROWER INC (dba Janus Henderson)(6)(8) | First lien senior secured loan | S + | 2.75% |  | 03/2033 | 4841 | 4817 | 4829 |  |
|  |  |  |  |  |  |  | 16699 | 16582 | 5.7% |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (9)** |
| **Leisure and entertainment** | | | | | | | | | |
| Cedar Fair, L.P. (dba Six Flags Entertainment Corp)(5) | First lien senior secured loan | S + | 2.00% |  | 05/2031 | 4027 | $4009 | $3962 |  |
| Delta 2 (Lux) SARL (dba Formula One)(6) | First lien senior secured loan | S + | 1.75% |  | 09/2031 | 4267 | 4269 | 4254 |  |
| GBT US III LLC (dba Global Business Travel Group, Inc.)(6) | First lien senior secured loan | S + | 2.00% |  | 07/2031 | 6998 | 6999 | 6844 |  |
| Live Nation Entertainment, Inc.(5) | First lien senior secured loan | S + | 2.00% |  | 10/2032 | 5910 | 5883 | 5903 |  |
| OakEagle AcquireCo Inc(6) | First lien senior secured loan | S + | 3.50% |  | 03/2033 | 9214 | 9075 | 9156 |  |
|  |  |  |  |  |  |  | 30235 | 30119 | 10.3% |
| **Manufacturing** |  |  |  |  |  |  |  |  |  |
| ALLIANCE LAUNDRY SYSTEMS LLC(6) | First lien senior secured loan | S + | 2.25% |  | 08/2031 | 5171 | $5171 | $5164 |  |
| Altar Bidco, Inc.(5) | First lien senior secured loan | S + | 3.10% |  | 02/2029 | 1528 | 1509 | 1518 |  |
| Chariot Buyer LLC (dba Chamberlain Group)(5) | First lien senior secured loan | S + | 2.75% |  | 09/2032 | 1250 | 1251 | 1237 |  |
| CompoSecure Holdings, L.L.C.(5) | First lien senior secured loan | S + | 2.25% |  | 01/2033 | 3578 | 3575 | 3562 |  |
| DXP Enterprises, Inc.(5) | First lien senior secured loan | S + | 3.25% |  | 10/2030 | 10698 | 10706 | 10741 |  |
| EMRLD Borrower LP (dba Emerson)(6) | First lien senior secured loan | S + | 2.25% |  | 05/2030 | 6597 | 6598 | 6586 |  |
| Engineered Machinery Holdings, Inc. (dba Duravant)(6) | First lien senior secured loan | S + | 3.25% |  | 11/2032 | 11164 | 11149 | 11195 |  |
| Faraday Buyer, LLC (dba MacLean Power Systems)(6) | First lien senior secured loan | S + | 2.50% |  | 02/2033 | 6415 | 6399 | 6377 |  |
| Filtration Group Corporation(5) | First lien senior secured loan | S + | 2.50% |  | 10/2028 | 6520 | 6520 | 6518 |  |
| Gates Global LLC(5) | First lien senior secured loan | S + | 1.75% |  | 11/2029 | 2504 | 2505 | 2500 |  |
| Gloves Buyer, Inc. (dba Protective Industrial Products)(5) | First lien senior secured loan | S + | 4.00% |  | 05/2032 | 10217 | 10172 | 10171 |  |
| Legence Holdings LLC(5) | First lien senior secured loan | S + | 2.25% |  | 12/2031 | 4488 | 4491 | 4494 |  |
| MADISON IAQ LLC(7) | First lien senior secured loan | S + | 2.50% |  | 06/2028 | 973 | 973 | 972 |  |
| MADISON IAQ LLC(6) | First lien senior secured loan | S + | 2.75% |  | 11/2032 | 10367 | 10370 | 10381 |  |
| Pro Mach Group, Inc.(5) | First lien senior secured loan | S + | 2.75% |  | 10/2032 | 11067 | 11044 | 11039 |  |
| Spectris(6) | First lien senior secured loan | S + | 2.75% |  | 12/2032 | 6823 | 6809 | 6823 |  |
| STS Operating, Inc.(5) | First lien senior secured loan | S + | 4.00% |  | 03/2031 | 11550 | 11514 | 11538 |  |
| Tega MC Australia Holdings Pty Ltd(6)(8) | First lien senior secured loan | S + | 3.50% |  | 03/2033 | 3903 | 3864 | 3874 |  |
| VICTORY BUYER LLC (dba Vantage Elevator)(5) | First lien senior secured loan | S + | 3.00% |  | 02/2033 | 4194 | 4174 | 4192 |  |
| Watlow Electric Manufacturing Company(6) | First lien senior secured loan | S + | 3.00% |  | 03/2028 | 9341 | 9350 | 9336 |  |
|  |  |  |  |  |  |  | 128144 | 128218 | 43.9% |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |  |
| Alkermes, Inc(5) | First lien senior secured loan | S + | 2.75% |  | 08/2031 | 3480 | $3472 | $3504 |  |
| Amneal Pharmaceuticals LLC(5) | First lien senior secured loan | S + | 3.00% |  | 08/2032 | 7076 | 7061 | 7094 |  |
| BIOMARIN PHARMACEUTICAL(6) | First lien senior secured loan | S + | 1.75% |  | 01/2033 | 3990 | 3981 | 3977 |  |
| Elanco Animal Health Incorporated(5) | First lien senior secured loan | S + | 1.75% |  | 10/2032 | 3348 | 3325 | 3347 |  |
| Fortrea Holdings Inc.(6)(8) | First lien senior secured loan | S + | 3.50% |  | 07/2030 | 5155 | 5166 | 4935 |  |
|  |  |  |  |  |  |  | 23005 | 22857 | 7.8% |
| **Professional services** |  |  |  |  |  |  |  |  |  |
| AlixPartners, LLP(5) | First lien senior secured loan | S + | 2.00% |  | 08/2032 | 4731 | $4721 | $4682 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (9)** |
| AmSpec Parent, LLC(6) | First lien senior secured loan | S + | 3.50% |  | 12/2031 | 2978 | 2968 | 2966 |  |
| Apex Group Treasury LLC(6) | First lien senior secured loan | S + | 3.50% |  | 02/2032 | 5578 | 5419 | 5067 |  |
| API GROUP DE INC(5) | First lien senior secured loan | S + | 1.75% |  | 01/2029 | 2166 | 2166 | 2163 |  |
| Camelot U.S. Acquisition 1 Co.(5) | First lien senior secured loan | S + | 2.75% |  | 01/2031 | 3442 | 3439 | 2962 |  |
| Clearwater Analytics, LLC(5) | First lien senior secured loan | S + | 2.00% |  | 04/2032 | 4227 | 4227 | 4222 |  |
| Corporation Service Company(5) | First lien senior secured loan | S + | 2.00% |  | 11/2029 | 5016 | 5016 | 4975 |  |
| Element Materials Technology(6) | First lien senior secured loan | S + | 3.50% |  | 06/2029 | 4378 | 4384 | 4386 |  |
| Element Solutions, Inc.(5) | First lien senior secured loan | S + | 1.75% |  | 12/2030 | 2797 | 2803 | 2797 |  |
| First Advantage Holdings LLC(6) | First lien senior secured loan | S + | 2.75% |  | 10/2031 | 6274 | 6261 | 6098 |  |
| Genuine Financial Holdings, LLC(5) | First lien senior secured loan | S + | 3.25% |  | 09/2030 | 3243 | 3243 | 2774 |  |
| Red Ventures, LLC(5) | First lien senior secured loan | S + | 2.75% |  | 03/2030 | 1501 | 1538 | 1320 |  |
| Skopima Merger Sub Inc.(5) | First lien senior secured loan | S + | 3.75% |  | 05/2028 | 2566 | 2566 | 1997 |  |
| Vistage International, Inc.(6) | First lien senior secured loan | S + | 3.75% |  | 07/2029 | 9553 | 9553 | 9428 |  |
|  |  |  |  |  |  |  | 58304 | 55837 | 19.1% |
| **Telecommunications** |  |  |  |  |  |  |  |  |  |
| Cable One, Inc.(5) | First lien senior secured loan | S + | 2.00% |  | 05/2028 | 977 | $977 | $913 |  |
| Charter Communications Operating LLC(6) | First lien senior secured loan | S + | 2.25% |  | 12/2031 | 8150 | 8134 | 8145 |  |
| Cogeco Communications (USA) II L.P.(5) | First lien senior secured loan | S + | 2.50% |  | 09/2028 | 4367 | 4341 | 4155 |  |
| Eagle Broadband Investments, LLC (dba Mega Broadband Investments)(6) | First lien senior secured loan | S + | 3.00% |  | 11/2027 | 6097 | 6088 | 5798 |  |
| Virgin Media Bristol LLC(7) | First lien senior secured loan | S + | 3.18% |  | 03/2031 | 4257 | 4214 | 3871 |  |
|  |  |  |  |  |  |  | 23754 | 22882 | 7.8% |
| **Transportation** |  |  |  |  |  |  |  |  |  |
| AIT Worldwide Logistics Holdings, Inc.(6) | First lien senior secured loan | S + | 4.00% |  | 04/2030 | 11281 | $11282 | $11290 |  |
| Echo Global Logistics, Inc.(5) | First lien senior secured loan | S + | 3.75% |  | 11/2028 | 3382 | 3366 | 3311 |  |
| First Student Bidco Inc(6) | First lien senior secured loan | S + | 2.25% |  | 08/2030 | 2202 | 2202 | 2194 |  |
| Genesee & Wyoming Inc.(6) | First lien senior secured loan | S + | 1.75% |  | 04/2031 | 1388 | 1385 | 1381 |  |
| KKR Apple Bidco, LLC(5) | First lien senior secured loan | S + | 2.50% |  | 09/2031 | 8213 | 8197 | 8213 |  |
| NA Rail Hold Co. LLC(6) | First lien senior secured loan | S + | 2.50% |  | 03/2032 | 3821 | 3821 | 3817 |  |
|  |  |  |  |  |  |  | 30253 | 30206 | 10.3% |
| **Total Unfunded debt commitment (10)** |  |  |  |  |  |  | (11) |  | —% |
| **Total Debt Investments** |  |  |  |  |  |  | $1641102 | $1586262 | 543.2% |
| **Total Investments** |  |  |  |  |  |  | $1641102 | $1586262 | 543.2% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Unless otherwise indicated, OCIC SLF's investments are pledged as collateral supporting the amounts outstanding under OCIC SLF's Debt Facilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Unless otherwise indicated, all investments are considered Level 2 investments.

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of March 31, 2026**

**(Amounts in thousands)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)Unless otherwise indicated, loan contains a variable rate structure, which may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate ("SOFR" or "S") (which can include one-, three-, six- or twelve-month SOFR), at the borrower's option, and which reset periodically based on the terms of the loan agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)The interest rate on these loans is subject to 1 month SOFR, which as of March 31, 2026 was 3.66%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)The interest rate on these loans is subject to 3 month SOFR, which as of March 31, 2026 was 3.68%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7)The interest rate on these loans is subject to 6 month SOFR, which as of March 31, 2026 was 3.70%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8)Level 3 investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9)Totals presented may differ than actuals due to rounding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10)Position or portion thereof is a partially unfunded loan commitment. See below for more information on the Company's commitments.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company**  | **Commitment Type** | **Commitment Expiration date** | **Funded Commitment** | **Unfunded** | **Unfunded** |
| **Portfolio Company**  | **Commitment Type** | **Commitment Expiration date** | **Funded Commitment** | **Commitment** | **Fair Value** |
| Chicago US MidCo III, LP | First lien senior secured delayed draw term loan | 10/2027 | $— | $1151 | $— |
| Citrin Cooperman Advisors LLC | First lien senior secured delayed draw term loan | 12/2027 |  | 672 |  |
| Cohnreznick Advisory LLC | First lien senior secured delayed draw term loan | 03/2027 |  | 338 |  |
| First Eagle Holdings, Inc. | First lien senior secured delayed draw term loan | 06/2027 |  | 1188 |  |
| Kaman Corporation | First lien senior secured delayed draw term loan | 01/2027 |  | 856 |  |
| Mahseer Holdings LLC (dba PennAero) | First lien senior secured delayed draw term loan | 02/2028 |  | 867 |  |
| Pinnacle Buyer, LLC | First lien senior secured delayed draw term loan | 03/2027 |  | 1713 |  |
| Pye-Barker Fire & Safety, LLC | First lien senior secured delayed draw term loan | 12/2027 |  | 1165 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM) | First lien senior secured delayed draw term loan | 10/2026 |  | 563 |  |
| Savor Acquisition, Inc. (dba Sauer Brands) | First lien senior secured delayed draw term loan | 02/2027 |  | 417 |  |
| Signia Aerospace LLC | First lien senior secured delayed draw term loan | 11/2026 |  | 213 |  |
| **Total Portfolio Company Commitments** | **Total Portfolio Company Commitments** |  | $— | $9143 | $— |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments**

**As of December 31, 2025**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity<br>Date** |<br>**Par /<br>Units** |<br>**Amortized<br>Cost(2)** |<br>**Fair<br>Value** |<br>**% of Members' Equity (10)** |
| **Debt Investments** | | | | | | | | | |
| **Advertising and media** | | | | | | | | | |
| OUTFRONT MEDIA CAPITAL LLC(5) | First lien senior secured loan | S + | 2.00% |  | 09/2032 | 1709 | $1707 | $1713 |  |
| Project Boost Purchaser, LLC (dba J.D. Power)(6) | First lien senior secured loan | S + | 2.75% |  | 07/2031 | 7207 | 7207 | 7222 |  |
|  |  |  |  |  |  |  | 8914 | 8935 | 2.8% |
| **Aerospace and defense** |  |  |  |  |  |  |  |  |  |
| Amentum Government Services Holdings LLC(5) | First lien senior secured loan | S + | 2.00% |  | 09/2031 | 3596 | $3590 | $3602 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 1.75% |  | 01/2027 | 331 | 329 | 330 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 2.25% |  | 02/2028 | 4519 | 4519 | 4529 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 3.25% |  | 05/2032 | 2138 | 2117 | 2147 |  |
| Arcline FM Holdings LLC(6) | First lien senior secured loan | S + | 2.75% |  | 06/2030 | 6216 | 6216 | 6233 |  |
| Avolon TLB Borrower 1 (US) LLC(5) | First lien senior secured loan | S + | 1.75% |  | 06/2030 | 1995 | 1997 | 2006 |  |
| Bleriot US Bidco Inc.(6) | First lien senior secured loan | S + | 2.50% |  | 10/2030 | 3827 | 3827 | 3844 |  |
| Brown Group Holdings, LLC(5) | First lien senior secured loan | S + | 2.75% |  | 07/2031 | 11466 | 11464 | 11518 |  |
| Dynasty Acquisition Co., Inc. (dba StandardAero Limited)(5) | First lien senior secured loan | S + | 2.00% |  | 10/2031 | 5384 | 5381 | 5402 |  |
| Kaman Corporation(6) | First lien senior secured loan | S + | 2.50% |  | 02/2032 | 11358 | 11216 | 11265 |  |
| KBR, Inc(5) | First lien senior secured loan | S + | 2.00% |  | 01/2031 | 1854 | 1854 | 1863 |  |
| Propulsion (BC) Finco S.A.R.L.(6) | First lien senior secured loan | S + | 2.50% |  | 12/2032 | 3143 | 3135 | 3156 |  |
| Signia Aerospace LLC(6) | First lien senior secured loan | S + | 2.75% |  | 12/2031 | 4361 | 4361 | 4372 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.25% |  | 03/2030 | 2717 | 2717 | 2724 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 02/2031 | 1964 | 1966 | 1971 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 01/2032 | 2074 | 2070 | 2082 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 08/2032 | 2349 | 2343 | 2358 |  |
| United Airlines, Inc.(5) | First lien senior secured loan | S + | 2.00% |  | 02/2031 | 1649 | 1649 | 1654 |  |
|  |  |  |  |  |  |  | 70751 | 71056 | 22.0% |
| **Automotive services** |  |  |  |  |  |  |  |  |  |
| Belron Finance US LLC(6) | First lien senior secured loan | S + | 2.25% |  | 10/2031 | 8147 | $8147 | $8188 |  |
| Mister Car Wash Holdings, Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 03/2031 | 3347 | 3347 | 3356 |  |
| PAI Holdco, Inc.(6) | First lien senior secured loan | S + | 3.75% |  | 10/2027 | 5432 | 5250 | 4723 |  |
| VALVOLINE INC(5) | First lien senior secured loan | S + | 2.00% |  | 12/2032 | 2821 | 2807 | 2836 |  |
| Wand Newco 3, Inc. (dba Caliber)(5) | First lien senior secured loan | S + | 2.50% |  | 01/2031 | 2976 | 2976 | 2978 |  |
|  |  |  |  |  |  |  | 22527 | 22081 | 6.9% |
| **Buildings and real estate** |  |  |  |  |  |  |  |  |  |
| American Builders & Contractors Supply Co., Inc.(5) | First lien senior secured loan | S + | 1.75% |  | 01/2031 | 3482 | $3495 | $3494 |  |
| American Residential Services, LLC(6)(8) | First lien senior secured loan | S + | 2.75% |  | 02/2032 | 5776 | 5774 | 5790 |  |
| ARCOSA INC(5) | First lien senior secured loan | S + | 2.00% |  | 10/2031 | 1932 | 1932 | 1940 |  |
| Beacon Roofing Supply, Inc. (dba QXO)(5) | First lien senior secured loan | S + | 2.00% |  | 04/2032 | 5490 | 5490 | 5503 |  |
| Construction Partners, Inc.(5) | First lien senior secured loan | S + | 2.50% |  | 11/2031 | 1936 | 1933 | 1948 |  |
| Core & Main LP(6) | First lien senior secured loan | S + | 2.00% |  | 02/2031 | 1789 | 1789 | 1789 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of December 31, 2025**

**(Amounts in thousands)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Cushman & Wakefield U.S. Borrower, LLC(5)(8) | First lien senior secured loan | S + | 2.75% | 01/2030 | 6778 | 6777 | 6812 |  |
| Dodge Construction Network LLC(6) | First lien senior secured loan | S + | 6.25% | 01/2029 | 1867 | 1774 | 1871 |  |
| Dodge Construction Network LLC(6)(8) | First lien senior secured loan | S + | 4.75% | 02/2029 | 2589 | 2371 | 2058 |  |
| EMRLD Borrower LP (dba Emerson)(7) | First lien senior secured loan | S + | 2.25% | 08/2031 | 1563 | 1563 | 1565 |  |
| Hunter Douglas Inc(6) | First lien senior secured loan | S + | 3.00% | 01/2032 | 3221 | 3199 | 3233 |  |
| Knife River Corporation(6) | First lien senior secured loan | S + | 2.00% | 03/2032 | 3158 | 3163 | 3169 |  |
| MIWD Holdco II LLC(5) | First lien senior secured loan | S + | 2.75% | 03/2031 | 2068 | 2070 | 2067 |  |
| Park River Holdings Inc(6) | First lien senior secured loan | S + | 4.50% | 03/2031 | 5376 | 5298 | 5402 |  |
| Quikrete Holdings, Inc.(5) | First lien senior secured loan | S + | 2.25% | 04/2031 | 2613 | 2613 | 2620 |  |
| Quikrete Holdings, Inc.(5) | First lien senior secured loan | S + | 2.25% | 02/2032 | 5969 | 5956 | 5986 |  |
| Starwood Property Mortgage, L.L.C.(5)(8) | First lien senior secured loan | S + | 1.75% | 11/2027 | 1944 | 1939 | 1939 |  |
| Starwood Property Mortgage, L.L.C.(5) | First lien senior secured loan | S + | 2.25% | 09/2032 | 2206 | 2208 | 2212 |  |
|  |  |  |  |  |  | 59344 | 59398 | 18.5% |
| **Business services** |  |  |  |  |  |  |  |  |
| Boxer Parent Company Inc. (f/k/a BMC)(6) | First lien senior secured loan | S + | 3.00% | 07/2031 | 9396 | $9419 | $9364 |  |
| BrightView Landscapes, LLC(6)(8) | First lien senior secured loan | S + | 2.00% | 04/2029 | 3919 | 3919 | 3919 |  |
| CCC Intelligent Solutions Inc(5) | First lien senior secured loan | S + | 2.00% | 01/2032 | 783 | 783 | 785 |  |
| ConnectWise, LLC(6) | First lien senior secured loan | S + | 3.50% | 09/2028 | 1187 | 1194 | 1164 |  |
| IDEMIA Group SAS(6) | First lien senior secured loan | S + | 4.25% | 09/2028 | 7858 | 7878 | 7897 |  |
| IGT Holding IV AB (dba IFS)(6)(8) | First lien senior secured loan | S + | 3.00% | 09/2031 | 1065 | 1065 | 1070 |  |
| Kaseya Inc.(5) | First lien senior secured loan | S + | 3.00% | 03/2032 | 7011 | 6982 | 7011 |  |
| Madison Safety & Flow LLC(5) | First lien senior secured loan | S + | 2.50% | 09/2031 | 2136 | 2136 | 2149 |  |
| MKS Instruments, Inc.(5) | First lien senior secured loan | S + | 2.00% | 08/2029 | 1665 | 1665 | 1671 |  |
| NVENT ELEC PUB LTD CO (dba Nvent Thermal LLC)(5) | First lien senior secured loan | S + | 3.00% | 01/2032 | 6484 | 6455 | 6522 |  |
| Ping Identity Holding Corp.(6) | First lien senior secured loan | S + | 2.75% | 11/2032 | 6358 | 6342 | 6367 |  |
| Pinnacle Buyer, LLC(6) | First lien senior secured loan | S + | 2.50% | 10/2032 | 8883 | 8861 | 8911 |  |
| Plano HoldCo, Inc. (dba Perficient)(6)(8) | First lien senior secured loan | S + | 3.50% | 10/2031 | 8620 | 8580 | 8340 |  |
| Plusgrade Inc.(5) | First lien senior secured loan | S + | 3.50% | 03/2031 | 9133 | 9133 | 9133 |  |
| Pye-Barker Fire & Safety, LLC(6) | First lien senior secured loan | S + | 2.50% | 12/2032 | 7798 | 7759 | 7843 |  |
| Red Planet Borrower, LLC (dba Liftoff Mobile)(5) | First lien senior secured loan | S + | 4.00% | 08/2032 | 8370 | 8288 | 8377 |  |
| Shift4 Payments, LLC(6) | First lien senior secured loan | S + | 2.50% | 06/2032 | 5920 | 5920 | 5951 |  |
| Sitel Worldwide Corp.(5)(8) | First lien senior secured loan | S + | 3.75% | 08/2028 | 5339 | 5288 | 2082 |  |
| Tecta America Corp.(5) | First lien senior secured loan | S + | 2.75% | 02/2032 | 12884 | 12884 | 12921 |  |
| Vestis Corp(6) | First lien senior secured loan | S + | 2.25% | 02/2031 | 6517 | 6326 | 5947 |  |
| VM Consolidated, Inc.(5) | First lien senior secured loan | S + | 2.00% | 10/2032 | 3426 | 3418 | 3448 |  |
| XPLOR T1, LLC(6)(8) | First lien senior secured loan | S + | 3.50% | 12/2032 | 13980 | 13930 | 13980 |  |
|  |  |  |  |  |  | 138225 | 134852 | 42.1% |
| **Chemicals** |  |  |  |  |  |  |  |  |
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(5)(8) | First lien senior secured loan | S + | 4.75% | 11/2027 | 7318 | $7209 | $6688 |  |
| Axalta Coating Systems US Holdings INC(6) | First lien senior secured loan | S + | 1.75% | 12/2029 | 871 | 871 | 873 |  |
| Derby Buyer LLC (dba Delrin)(5) | First lien senior secured loan | S + | 3.00% | 11/2030 | 1691 | 1700 | 1695 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of December 31, 2025**

**(Amounts in thousands)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| FORMULATIONS PARENT CORPORATION (dba Chase Corporation)(6) | First lien senior secured loan | S + | 4.00% | 04/2032 | 3214 | 3218 | 3202 |  |
| H.B. Fuller Company(5) | First lien senior secured loan | S + | 1.75% | 02/2030 | 1731 | 1726 | 1733 |  |
| Ineos US Finance LLC(5) | First lien senior secured loan | S + | 3.25% | 02/2030 | 4407 | 4377 | 3553 |  |
| Ineos US Finance LLC(5) | First lien senior secured loan | S + | 3.00% | 02/2031 | 7388 | 7388 | 5901 |  |
| Ineos US Petrochem LLC(5) | First lien senior secured loan | S + | 4.25% | 04/2029 | 2500 | 2364 | 1750 |  |
| Ineos US Petrochem LLC(5) | First lien senior secured loan | S + | 3.75% | 03/2030 | 8334 | 8304 | 5640 |  |
| MSOF BEACON LLC(5)(8) | First lien senior secured loan | S + | 3.00% | 12/2032 | 5471 | 5457 | 5498 |  |
| Nouryon Finance B.V.(7) | First lien senior secured loan | S + | 3.25% | 04/2028 | 8730 | 8728 | 8723 |  |
| Windsor Holdings III LLC(5) | First lien senior secured loan | S + | 2.75% | 08/2030 | 11512 | 11513 | 11528 |  |
|  |  |  |  |  |  | 62855 | 56784 | 17.7% |
| **Consumer Products** |  |  |  |  |  |  |  |  |
| ACP Tara Holdings, Inc. (dba Arcadia)(6)(8) | First lien senior secured loan | S + | 3.25% | 12/2032 | 8020 | $8001 | $8060 |  |
| ASGN Incorporated(5) | First lien senior secured loan | S + | 1.75% | 08/2030 | 311 | 313 | 312 |  |
| BEP Intermediate Holdco, LLC (dba Buyers Edge Platform)(5)(8) | First lien senior secured loan | S + | 2.75% | 04/2031 | 4666 | 4666 | 4701 |  |
| HomeServe USA Holding Corp.(5) | First lien senior secured loan | S + | 2.00% | 10/2030 | 4663 | 4668 | 4665 |  |
| Novelis Inc(6) | First lien senior secured loan | S + | 1.75% | 03/2032 | 3726 | 3730 | 3738 |  |
|  |  |  |  |  |  | 21378 | 21476 | 6.7% |
| **Containers and packaging** |  |  |  |  |  |  |  |  |
| Berlin Packaging(5) | First lien senior secured loan | S + | 3.25% | 06/2031 | 11020 | $11030 | $11041 |  |
| Charter NEX US, Inc.(5) | First lien senior secured loan | S + | 2.75% | 11/2030 | 2758 | 2758 | 2762 |  |
| Clydesdale Acquisition Holdings, Inc. (dba Novolex)(5) | First lien senior secured loan | S + | 3.25% | 03/2032 | 9903 | 9835 | 9890 |  |
| Plastipak Holdings Inc.(5) | First lien senior secured loan | S + | 2.50% | 09/2032 | 11605 | 11549 | 11630 |  |
| Plaze, Inc.(5)(8) | First lien senior secured loan | S + | 3.75% | 08/2026 | 6297 | 6255 | 5793 |  |
| Pregis Topco LLC(5) | First lien senior secured loan | S + | 4.00% | 02/2029 | 6922 | 6907 | 6975 |  |
| ProAmpac PG Borrower LLC(6) | First lien senior secured loan | S + | 4.00% | 09/2028 | 12312 | 12315 | 12320 |  |
| Ring Container Technologies Group, LLC(5) | First lien senior secured loan | S + | 2.50% | 09/2032 | 1988 | 2001 | 1993 |  |
| SupplyOne, Inc.(5) | First lien senior secured loan | S + | 3.50% | 04/2031 | 9586 | 9582 | 9599 |  |
| Tricorbraun Holdings, Inc.(5) | First lien senior secured loan | S + | 3.25% | 03/2028 | 12231 | 12154 | 11811 |  |
|  |  |  |  |  |  | 84386 | 83814 | 26.2% |
| **Distribution** |  |  |  |  |  |  |  |  |
| AI Aqua Merger Sub, Inc. (dba Culligan)(6) | First lien senior secured loan | S + | 3.00% | 07/2028 | 8993 | $8997 | $9009 |  |
| Aramsco, Inc.(6)(8) | First lien senior secured loan | S + | 4.75% | 10/2030 | 7911 | 7789 | 5300 |  |
| Avient Corporation(6) | First lien senior secured loan | S + | 1.75% | 08/2029 | 1523 | 1530 | 1531 |  |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(5) | First lien senior secured loan | S + | 3.25% | 12/2030 | 13754 | 13753 | 13588 |  |
| BradyPLUS Holdings, LLC (f/k/a BradyIFS Holdings, LLC)(6) | First lien senior secured loan | S + | 3.50% | 12/2030 | 2290 | 2256 | 2263 |  |
| Paint Intermediate III LLC (dba Wesco Group)(6) | First lien senior secured loan | S + | 3.00% | 10/2031 | 9837 | 9801 | 9875 |  |
|  |  |  |  |  |  | 44126 | 41566 | 13.0% |
| **Education** |  |  |  |  |  |  |  |  |
| Ellucian Holdings Inc. (f/k/a Sophia, L.P.)(5) | First lien senior secured loan | S + | 2.75% | 10/2029 | 676 | $676 | $679 |  |
| Renaissance Learning, Inc.(5) | First lien senior secured loan | S + | 4.00% | 04/2030 | 12243 | 12246 | 10663 |  |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)(6) | First lien senior secured loan | S + | 3.25% | 10/2030 | 6681 | 6681 | 6709 |  |
|  |  |  |  |  |  | 19603 | 18051 | 5.6% |
| **Energy equipment and services** |  |  |  |  |  |  |  |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of December 31, 2025**

**(Amounts in thousands)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AZZ Inc.(5) | First lien senior secured loan | S + | 1.75% | 05/2029 | 2528 | $2532 | $2535 |  |
| Brookfield WEC Holdings Inc.(5) | First lien senior secured loan | S + | 2.00% | 01/2031 | 4619 | 4619 | 4625 |  |
| Calpine Construction Finance Company(5) | First lien senior secured loan | S + | 1.75% | 07/2030 | 6825 | 6825 | 6829 |  |
| Calpine Corporation(5) | First lien senior secured loan | S + | 1.75% | 01/2031 | 5030 | 5020 | 5030 |  |
| Calpine Corporation(5) | First lien senior secured loan | S + | 1.75% | 02/2032 | 3482 | 3475 | 3480 |  |
| Centuri Group, Inc(5) | First lien senior secured loan | S + | 2.25% | 07/2032 | 2013 | 2013 | 2019 |  |
| Fleet U.S. Bidco Inc.(7)(8) | First lien senior secured loan | S + | 2.75% | 02/2031 | 13145 | 13155 | 13191 |  |
|  |  |  |  |  |  | 37639 | 37709 | 11.8% |
| **Financial services** |  |  |  |  |  |  |  |  |
| AllSpring Buyer(6) | First lien senior secured loan | S + | 3.00% | 11/2030 | 3440 | $3433 | $3456 |  |
| Ascensus Holdings, Inc.(5) | First lien senior secured loan | S + | 3.00% | 11/2032 | 5589 | 5575 | 5580 |  |
| BCPE Pequod Buyer, Inc. (dba Envestnet)(5) | First lien senior secured loan | S + | 3.00% | 11/2031 | 6311 | 6298 | 6321 |  |
| Boost Newco Borrower, LLC (dba WorldPay)(6) | First lien senior secured loan | S + | 2.00% | 01/2031 | 9895 | 9895 | 9901 |  |
| Chrysaor Bidco s.à r.l. (dba AlterDomus)(6) | First lien senior secured loan | S + | 3.25% | 10/2031 | 5537 | 5534 | 5572 |  |
| Citco Funding LLC(5) | First lien senior secured loan | S + | 2.75% | 04/2028 | 6263 | 6255 | 6300 |  |
| Citrin Cooperman Advisors LLC(6) | First lien senior secured loan | S + | 3.00% | 04/2032 | 4351 | 4333 | 4362 |  |
| Cohnreznick Advisory LLC(6) | First lien senior secured loan | S + | 3.50% | 03/2032 | 4608 | 4592 | 4622 |  |
| Creative Planning, LLC(5) | First lien senior secured loan | S + | 2.00% | 05/2031 | 7754 | 7730 | 7768 |  |
| EP Wealth Advisors, LLC(6) | First lien senior secured loan | S + | 3.00% | 10/2032 | 2059 | 2054 | 2064 |  |
| First Eagle Holdings, Inc.(6) | First lien senior secured loan | S + | 3.50% | 08/2032 | 6517 | 6417 | 6504 |  |
| Focus Financial Partners, LLC(5) | First lien senior secured loan | S + | 2.50% | 09/2031 | 7493 | 7486 | 7503 |  |
| Grant Thornton Advisors LLC(5) | First lien senior secured loan | S + | 2.75% | 06/2031 | 5097 | 5083 | 5104 |  |
| Guggenheim Partners Investment Management Holdings, LLC(6) | First lien senior secured loan | S + | 2.50% | 11/2031 | 7240 | 7220 | 7264 |  |
| Kestra Advisor Services Holdings A, Inc.(5) | First lien senior secured loan | S + | 3.00% | 03/2031 | 7202 | 7208 | 7209 |  |
| MARINER WEALTH ADVISORS, LLC(6) | First lien senior secured loan | S + | 2.50% | 12/2030 | 2350 | 2350 | 2360 |  |
| OneDigital Borrower LLC(5) | First lien senior secured loan | S + | 3.00% | 07/2031 | 9876 | 9875 | 9889 |  |
| Orion Advisor Solutions Inc(6) | First lien senior secured loan | S + | 3.25% | 09/2030 | 7467 | 7467 | 7510 |  |
| Orion US Finco Inc. (dba OSTTRA)(5) | First lien senior secured loan | S + | 3.50% | 05/2032 | 1729 | 1721 | 1736 |  |
| PPI Holding US INC. (dba Nuvei)(5) | First lien senior secured loan | S + | 2.50% | 11/2031 | 8187 | 8187 | 8189 |  |
| PUSHPAY USA INC(7)(8) | First lien senior secured loan | S + | 3.75% | 08/2031 | 4185 | 4185 | 4164 |  |
| Saphilux S.a.r.L. (dba IQ-EQ)(7) | First lien senior secured loan | S + | 3.00% | 07/2028 | 14725 | 14724 | 14807 |  |
| TMF Sapphire Bidco B.V.(6) | First lien senior secured loan | S + | 2.75% | 05/2028 | 2146 | 2146 | 2155 |  |
| Victory Capital Holdings Inc(6) | First lien senior secured loan | S + | 2.00% | 09/2032 | 3656 | 3651 | 3672 |  |
|  |  |  |  |  |  | 143419 | 144012 | 45.0% |
| **Food and beverage** |  |  |  |  |  |  |  |  |
| 1011778 BC / NEW RED FIN (dba Restaurant Brands)(5) | First lien senior secured loan | S + | 1.75% | 09/2030 | 4842 | $4846 | $4843 |  |
| Aramark Services, Inc.(5) | First lien senior secured loan | S + | 1.75% | 06/2030 | 6135 | 6135 | 6148 |  |
| Aspire Bakeries Holdings, LLC(5) | First lien senior secured loan | S + | 3.50% | 12/2030 | 6761 | 6762 | 6782 |  |
| Balrog Acquisition, Inc. (dba Bakemark)(5) | First lien senior secured loan | S + | 4.00% | 09/2028 | 6682 | 6636 | 5529 |  |
| Chobani LLC(5) | First lien senior secured loan | S + | 2.25% | 10/2032 | 4538 | 4538 | 4557 |  |
| Fiesta Purchaser, Inc. (dba Shearer's Foods)(5) | First lien senior secured loan | S + | 2.75% | 02/2031 | 8205 | 8209 | 8193 |  |
| FRONERI US INC(7) | First lien senior secured loan | S + | 2.25% | 09/2031 | 3385 | 3379 | 3381 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of December 31, 2025**

**(Amounts in thousands)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| FRONERI US INC(6) | First lien senior secured loan | S + | 2.25% | 09/2032 | 6741 | 6726 | 6738 |  |
| IRB Holding Corp (dba Inspire Brands, Inc.)(5) | First lien senior secured loan | S + | 2.50% | 12/2030 | 7192 | 7231 | 7206 |  |
| Pegasus BidCo B.V.(6) | First lien senior secured loan | S + | 2.75% | 07/2029 | 9574 | 9574 | 9587 |  |
| Raising Cane's Restaurants, LLC(5) | First lien senior secured loan | S + | 2.00% | 11/2032 | 6959 | 6942 | 6972 |  |
| Red SPV, LLC(5) | First lien senior secured loan | S + | 2.25% | 03/2032 | 7818 | 7782 | 7815 |  |
| Savor Acquisition, Inc. (dba Sauer Brands)(6) | First lien senior secured loan | S + | 3.00% | 02/2032 | 4399 | 4390 | 4414 |  |
| Savor Acquisition, Inc. (dba Sauer Brands)(6)(9)(10) | First lien senior secured delayed draw term loan | S + | 3.00% | 02/2032 |  |  |  |  |
| Simply Good Foods USA, Inc.(5) | First lien senior secured loan | S + | 2.00% | 03/2030 | 4260 | 4250 | 4274 |  |
| Snacking Investments US LLC (dba Arnott's Group)(6) | First lien senior secured loan | S + | 3.00% | 10/2032 | 3806 | 3797 | 3825 |  |
| Utz Quality Foods, LLC(6) | First lien senior secured loan | S + | 2.50% | 01/2032 | 2630 | 2630 | 2640 |  |
| Whatabrands LLC (dba Whataburger Restaurants LLC)(5) | First lien senior secured loan | S + | 2.50% | 08/2028 | 3461 | 3468 | 3470 |  |
|  |  |  |  |  |  | 97295 | 96374 | 30.1% |
| **Healthcare equipment and services** |  |  |  |  |  |  |  |  |
| Agiliti Health(6) | First lien senior secured loan | S + | 3.00% | 05/2030 | 5016 | $4978 | $4903 |  |
| Argent Finco LLC(6)(8) | First lien senior secured loan | S + | 3.00% | 11/2032 | 2095 | 2090 | 2106 |  |
| Azalea TopCo, Inc. (dba Press Ganey)(5) | First lien senior secured loan | S + | 3.00% | 04/2031 | 4058 | 4060 | 4063 |  |
| Confluent Medical Technologies, Inc.(6)(8) | First lien senior secured loan | S + | 3.00% | 02/2029 | 6500 | 6500 | 6533 |  |
| Curium BidCo S.A.R.L (dba Curium Pharma)(6) | First lien senior secured loan | S + | 3.00% | 08/2031 | 6143 | 6128 | 6194 |  |
| Global Medical Response, Inc.(6) | First lien senior secured loan | S + | 3.50% | 10/2032 | 6519 | 6503 | 6556 |  |
| LUMEXA IMAGING INC(6)(8) | First lien senior secured loan | S + | 3.00% | 12/2032 | 2444 | 2438 | 2457 |  |
| Medline Borrower, LP(5) | First lien senior secured loan | S + | 1.75% | 10/2030 | 4506 | 4502 | 4520 |  |
| Natus Medical Incorporated(6)(8) | First lien senior secured loan | S + | 5.25% | 07/2029 | 1810 | 1729 | 1801 |  |
| NSM Top Holdings Corp. (dba National Seating & Mobility)(6)(8) | First lien senior secured loan | S + | 4.25% | 05/2029 | 4951 | 4938 | 4963 |  |
| Resonetics, LLC(6) | First lien senior secured loan | S + | 2.75% | 06/2031 | 2671 | 2671 | 2674 |  |
| Sharp Services, LLC(6) | First lien senior secured loan | S + | 3.00% | 09/2032 | 717 | 714 | 719 |  |
| Zest Acquisition Corp.(6)(8) | First lien senior secured loan | S + | 5.25% | 02/2028 | 7886 | 7909 | 7709 |  |
|  |  |  |  |  |  | 55160 | 55198 | 17.2% |
| **Healthcare providers and services** |  |  |  |  |  |  |  |  |
| CHG Healthcare Services, Inc.(6) | First lien senior secured loan | S + | 2.75% | 09/2028 | 1806 | $1810 | $1813 |  |
| CHG PPC Parent LLC(5)(8) | First lien senior secured loan | S + | 3.00% | 12/2028 | 6495 | 6474 | 6511 |  |
| Concentra(5) | First lien senior secured loan | S + | 2.00% | 07/2031 | 2219 | 2219 | 2233 |  |
| Covetrus, Inc.(6)(8) | First lien senior secured loan | S + | 5.00% | 10/2029 | 11951 | 11425 | 11114 |  |
| Electron Bidco Inc (dba ExamWorks)(5) | First lien senior secured loan | S + | 2.50% | 11/2028 | 1430 | 1430 | 1436 |  |
| Inizio Group Limited (dba UDG Healthcare)(6)(8) | First lien senior secured loan | S + | 4.25% | 08/2028 | 6669 | 6644 | 6486 |  |
| LSCS Holdings, Inc.(6) | First lien senior secured loan | S + | 4.50% | 03/2032 | 10642 | 10591 | 10406 |  |
| Onex TSG Intermediate Corporation(6) | First lien senior secured loan | S + | 3.75% | 08/2032 | 3618 | 3600 | 3636 |  |
| Option Care Health, Inc(5) | First lien senior secured loan | S + | 1.75% | 09/2032 | 1601 | 1597 | 1609 |  |
| Pacific Dental Services, LLC(5) | First lien senior secured loan | S + | 2.50% | 03/2031 | 7036 | 7036 | 7059 |  |
| Pediatric Associates Holding Company, LLC(6)(8) | First lien senior secured loan | S + | 4.50% | 12/2028 | 2960 | 2864 | 2960 |  |
| Pediatric Associates Holding Company, LLC(6) | First lien senior secured loan | S + | 3.25% | 12/2028 | 7738 | 7472 | 7553 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of December 31, 2025**

**(Amounts in thousands)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Phoenix Guarantor Inc(5) | First lien senior secured loan | S + | 2.50% | 02/2031 | 7110 | 7110 | 7140 |  |
| Phoenix Newco, Inc. (dba Parexel)(5) | First lien senior secured loan | S + | 2.75% | 12/2031 | 12423 | 12392 | 12456 |  |
| Physician Partners, LLC(6)(8) | First lien senior secured loan | S + | 6.00% | 12/2029 | 11967 | 9222 | 8657 |  |
| Select Medical Corp.(5) | First lien senior secured loan | S + | 2.00% | 12/2031 | 317 | 317 | 316 |  |
| Soliant Lower Intermediate, LLC (dba Soliant)(7) | First lien senior secured loan | S + | 3.75% | 07/2031 | 8312 | 8242 | 6670 |  |
| Surgery Center Holdings, Inc.(5) | First lien senior secured loan | S + | 2.50% | 12/2030 | 4102 | 4092 | 4116 |  |
| WCG Intermediate Corp. (f/k/a Da Vinci Purchaser Corp.) (dba WCG)(5) | First lien senior secured loan | S + | 3.00% | 02/2032 | 7691 | 7657 | 7702 |  |
|  |  |  |  |  |  | 112194 | 109873 | 34.3% |
| **Healthcare technology** |  |  |  |  |  |  |  |  |
| Certara(5)(8) | First lien senior secured loan | S + | 2.75% | 06/2031 | 803 | $803 | $809 |  |
| Cotiviti, Inc.(5) | First lien senior secured loan | S + | 2.75% | 03/2032 | 3356 | 3324 | 3215 |  |
| Cotiviti, Inc.(5) | First lien senior secured loan | S + | 2.75% | 05/2031 | 2837 | 2837 | 2722 |  |
| Ensemble RCM, LLC(6) | First lien senior secured loan | S + | 3.00% | 08/2029 | 2024 | 2015 | 2033 |  |
| Imprivata, Inc.(6) | First lien senior secured loan | S + | 3.00% | 12/2027 | 5459 | 5459 | 5475 |  |
| IQVIA, Inc.(6) | First lien senior secured loan | S + | 1.75% | 01/2031 | 92 | 92 | 93 |  |
| PointClickCare Technologies, Inc.(6) | First lien senior secured loan | S + | 2.75% | 11/2031 | 6590 | 6590 | 6592 |  |
| Project Ruby Ultimate Parent Corp. (dba Wellsky)(5) | First lien senior secured loan | S + | 2.75% | 03/2028 | 1673 | 1673 | 1676 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM)(5) | First lien senior secured loan | S + | 3.00% | 11/2031 | 7294 | 7263 | 7314 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM)(6) | First lien senior secured loan | S + | 2.25% | 04/2031 | 2227 | 2227 | 2233 |  |
| Southern Veterinary Partners, LLC(6) | First lien senior secured loan | S + | 2.50% | 12/2031 | 11256 | 11256 | 11238 |  |
| Waystar Technologies, Inc. (F/K/A Navicure, Inc.)(5)(8) | First lien senior secured loan | S + | 2.00% | 10/2029 | 3478 | 3478 | 3495 |  |
| Zelis Cost Management Buyer, Inc.(5) | First lien senior secured loan | S + | 2.75% | 09/2029 | 6676 | 6660 | 6604 |  |
| Zelis Cost Management Buyer, Inc.(5) | First lien senior secured loan | S + | 3.25% | 11/2031 | 3670 | 3654 | 3638 |  |
|  |  |  |  |  |  | 57331 | 57137 | 17.8% |
| **Household products** |  |  |  |  |  |  |  |  |
| Samsonite International S.A.(5) | First lien senior secured loan | S + | 1.75% | 10/2032 | 2474 | $2462 | $2481 |  |
|  |  |  |  |  |  | 2462 | 2481 | 0.8% |
| **Human resource support services** |  |  |  |  |  |  |  |  |
| AQ Carver Buyer, Inc. (dba CoAdvantage)(6) | First lien senior secured loan | S + | 5.50% | 08/2029 | 7427 | 7393 | 7047 |  |
| Dawn Bidco, LLC (dba Dayforce)(5) | First lien senior secured loan | S + | 3.00% | 10/2032 | 11095 | 11068 | 11055 |  |
| iSolved, Inc.(5) | First lien senior secured loan | S + | 2.75% | 10/2030 | 6950 | 6950 | 6961 |  |
| UKG Inc. (dba Ultimate Software)(6) | First lien senior secured loan | S + | 2.50% | 02/2031 | 7924 | 7924 | 7927 |  |
|  |  |  |  |  |  | 33335 | 32990 | 10.3% |
| **Infrastructure and environmental services** |  |  |  |  |  |  |  |  |
| ASP Acuren Holdings, Inc.(5) | First lien senior secured loan | S + | 2.75% | 07/2031 | 2473 | $2470 | $2483 |  |
| Clean Harbors Inc(5) | First lien senior secured loan | S + | 1.50% | 09/2032 | 1558 | 1558 | 1571 |  |
| Geosyntec Consultants, Inc.(5)(8) | First lien senior secured loan | S + | 3.00% | 07/2031 | 5920 | 5920 | 5950 |  |
| GFL Environmental Services Inc.(6) | First lien senior secured loan | S + | 2.50% | 03/2032 | 6031 | 6024 | 6049 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of December 31, 2025**

**(Amounts in thousands)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Gulfside Supply, Inc. (dba Gulfeagle Supply)(6) | First lien senior secured loan | S + | 3.00% | 06/2031 | 4094 | 4090 | 4030 |  |
|  |  |  |  |  |  | 20062 | 20083 | 6.3% |
| **Insurance** |  |  |  |  |  |  |  |  |
| Acrisure, LLC(5) | First lien senior secured loan | S + | 3.00% | 11/2030 | 4472 | $4492 | $4463 |  |
| Acrisure, LLC(5) | First lien senior secured loan | S + | 3.25% | 06/2032 | 1443 | 1439 | 1442 |  |
| Alera Group, Inc.(5) | First lien senior secured loan | S + | 3.25% | 05/2032 | 3836 | 3818 | 3853 |  |
| Alliant Holdings Intermediate LLC(5) | First lien senior secured loan | S + | 2.50% | 09/2031 | 3393 | 3393 | 3400 |  |
| AmWINS Group, Inc.(5) | First lien senior secured loan | S + | 2.25% | 01/2032 | 7627 | 7621 | 7646 |  |
| Ardonagh Midco 3 PLC(6) | First lien senior secured loan | S + | 2.75% | 02/2031 | 5742 | 5742 | 5724 |  |
| Baldwin Insurance Group Holdings LLC (dba The Baldwin Group)(6) | First lien senior secured loan | S + | 2.50% | 05/2031 | 3143 | 3127 | 3132 |  |
| Broadstreet Partners, Inc.(5) | First lien senior secured loan | S + | 2.75% | 06/2031 | 2946 | 2947 | 2955 |  |
| CFC USA 2025 LLC (dba CFC Insurance)(6) | First lien senior secured loan | S + | 3.75% | 07/2032 | 2821 | 2793 | 2740 |  |
| Hub International(6) | First lien senior secured loan | S + | 2.25% | 06/2030 | 4697 | 4697 | 4719 |  |
| Hyperion Refinance S.à r.l (dba Howden Group)(5) | First lien senior secured loan | S + | 2.75% | 04/2030 | 4891 | 4890 | 4900 |  |
| Hyperion Refinance S.à r.l (dba Howden Group)(5) | First lien senior secured loan | S + | 2.75% | 02/2031 | 7434 | 7433 | 7445 |  |
| IMA Financial Group, Inc.(5) | First lien senior secured loan | S + | 3.00% | 11/2028 | 5181 | 5173 | 5190 |  |
| Mitchell International, Inc.(5) | First lien senior secured loan | S + | 3.25% | 06/2031 | 3440 | 3431 | 3449 |  |
| Ryan Specialty Group LLC(5) | First lien senior secured loan | S + | 2.00% | 09/2031 | 1824 | 1821 | 1825 |  |
| Summit Acquisition Inc. (dba K2 Insurance Services)(5)(8) | First lien senior secured loan | S + | 3.50% | 10/2031 | 1977 | 1977 | 1987 |  |
| The Liberty Company Insurance Brokers, LLC(6)(8) | First lien senior secured loan | S + | 3.75% | 10/2032 | 2288 | 2276 | 2293 |  |
| Trucordia Insurance Holdings, LLC(5)(8) | First lien senior secured loan | S + | 3.25% | 06/2032 | 16459 | 16419 | 16335 |  |
| Truist Insurance Holdings, LLC(6) | First lien senior secured loan | S + | 2.75% | 05/2031 | 4153 | 4151 | 4155 |  |
| USI, Inc.(6) | First lien senior secured loan | S + | 2.25% | 09/2030 | 2970 | 2970 | 2974 |  |
|  |  |  |  |  |  | 90610 | 90627 | 28.3% |
| **Internet software and services** |  |  |  |  |  |  |  |  |
| Avalara, Inc.(6) | First lien senior secured loan | S + | 2.75% | 03/2032 | 5349 | $5349 | $5368 |  |
| Barracuda Parent, LLC(6) | First lien senior secured loan | S + | 4.50% | 08/2029 | 5441 | 5302 | 4392 |  |
| Cloud Software Group, Inc.(6) | First lien senior secured loan | S + | 3.25% | 03/2031 | 9430 | 9430 | 9437 |  |
| Cloud Software Group, Inc.(6) | First lien senior secured loan | S + | 3.25% | 08/2032 | 2290 | 2290 | 2292 |  |
| Clover Holdings 2, LLC (dba Cohesity)(5) | First lien senior secured loan | S + | 3.96% | 12/2031 | 5473 | 5425 | 5468 |  |
| Dayforce Inc(6)(8) | First lien senior secured loan | S + | 2.00% | 03/2031 | 4121 | 4121 | 4106 |  |
| Delta TopCo, Inc. (dba Infoblox, Inc.)(5) | First lien senior secured loan | S + | 2.75% | 11/2029 | 12824 | 12765 | 12749 |  |
| Epicor(5) | First lien senior secured loan | S + | 2.50% | 05/2031 | 1298 | 1298 | 1301 |  |
| Gen Digital Inc(5) | First lien senior secured loan | S + | 1.75% | 04/2032 | 3411 | 3395 | 3413 |  |
| Genesys Cloud Services, Inc.(5) | First lien senior secured loan | S + | 2.50% | 01/2032 | 6465 | 6452 | 6444 |  |
| Javelin Buyer, Inc. (dba JAGGAER)(6) | First lien senior secured loan | S + | 2.75% | 12/2031 | 5436 | 5436 | 5448 |  |
| KnowBe4, Inc.(6) | First lien senior secured loan | S + | 3.75% | 07/2032 | 7361 | 7362 | 7357 |  |
| McAfee Corp.(5) | First lien senior secured loan | S + | 3.00% | 03/2029 | 7331 | 7332 | 6743 |  |
| Mitnick Corporate Purchaser, Inc.(6) | First lien senior secured loan | S + | 4.75% | 05/2029 | 2980 | 2838 | 1904 |  |
| Project Alpha Intermediate Holding, Inc. (dba Qlik)(6) | First lien senior secured loan | S + | 3.25% | 10/2030 | 11287 | 11289 | 11263 |  |
| Project Sky Merger Sub, Inc.(5) | First lien senior secured loan | S + | 3.75% | 10/2028 | 2014 | 2012 | 1918 |  |
| Proofpoint, Inc.(6) | First lien senior secured loan | S + | 3.00% | 08/2028 | 8044 | 8010 | 8078 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of December 31, 2025**

**(Amounts in thousands)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Quartz Acquireco, LLC (dba Qualtrics)(6)(8) | First lien senior secured loan | S + | 2.25% | 06/2030 | 7382 | 7384 | 7364 |  |
| Sedgwick Claims Management Services, Inc.(5) | First lien senior secured loan | S + | 2.50% | 07/2031 | 5910 | 5909 | 5927 |  |
| SONICWALL US Holdings, Inc.(6) | First lien senior secured loan | S + | 5.00% | 05/2028 | 10320 | 10138 | 6592 |  |
| Sophos Holdings, LLC(5) | First lien senior secured loan | S + | 3.50% | 03/2027 | 5853 | 5852 | 5852 |  |
| SS&C(5) | First lien senior secured loan | S + | 2.00% | 05/2031 | 5490 | 5488 | 5520 |  |
| Starlight Parent, LLC (dba SolarWinds)(6) | First lien senior secured loan | S + | 4.00% | 04/2032 | 7670 | 7457 | 7651 |  |
| Storable, Inc.(5) | First lien senior secured loan | S + | 3.25% | 04/2031 | 1990 | 2002 | 1998 |  |
| UST Holdings, Ltd.(5)(8) | First lien senior secured loan | S + | 3.00% | 11/2028 | 4711 | 4713 | 4723 |  |
| VERDE PURCHASER LLC (dba Veritiv Corp)(6) | First lien senior secured loan | S + | 4.00% | 11/2030 | 7838 | 7818 | 7830 |  |
| Vertiv Group Corp.(5) | First lien senior secured loan | S + | 1.75% | 08/2032 | 2282 | 2282 | 2292 |  |
| VIAVI SOLUTIONS INC(6)(8) | First lien senior secured loan | S + | 2.50% | 10/2032 | 4935 | 4930 | 4960 |  |
| VIRTUSA CORPORATION(5) | First lien senior secured loan | S + | 3.25% | 02/2029 | 3735 | 3738 | 3740 |  |
| VS Buyer LLC (dba Veeam Software)(6) | First lien senior secured loan | S + | 2.25% | 04/2031 | 8957 | 8932 | 8980 |  |
|  |  |  |  |  |  | 176749 | 171110 | 53.4% |
| **Investment funds and vehicles** |  |  |  |  |  |  |  |  |
| Chicago US MidCo III, LP(5)(8) | First lien senior secured loan | S + | 2.50% | 11/2032 | 7751 | $7732 | $7770 |  |
| Finco I, LLC(5) | First lien senior secured loan | S + | 1.75% | 06/2029 | 1971 | 1971 | 1972 |  |
| Grosvenor(5) | First lien senior secured loan | S + | 2.25% | 02/2030 | 2578 | 2578 | 2587 |  |
|  |  |  |  |  |  | 12281 | 12329 | 3.8% |
| **Leisure and entertainment** |  |  |  |  |  |  |  |  |
| Cedar Fair, L.P. (dba Six Flags Entertainment Corp)(5) | First lien senior secured loan | S + | 2.00% | 05/2031 | 4038 | $4018 | $3985 |  |
| Delta 2 (Lux) SARL (dba Formula One)(6) | First lien senior secured loan | S + | 1.75% | 09/2031 | 4267 | 4269 | 4277 |  |
| GBT US III LLC (dba Global Business Travel Group, Inc.)(6) | First lien senior secured loan | S + | 2.50% | 07/2031 | 6468 | 6463 | 6485 |  |
| Live Nation Entertainment, Inc.(5) | First lien senior secured loan | S + | 2.00% | 10/2032 | 5925 | 5896 | 5925 |  |
|  |  |  |  |  |  | 20646 | 20672 | 6.5% |
| **Manufacturing** |  |  |  |  |  |  |  |  |
| ALLIANCE LAUNDRY SYSTEMS LLC(6) | First lien senior secured loan | S + | 2.25% | 08/2031 | 5430 | $5430 | $5451 |  |
| Altar Bidco, Inc.(5) | First lien senior secured loan | S + | 3.10% | 02/2029 | 5551 | 5428 | 5485 |  |
| Chariot Buyer LLC (dba Chamberlain Group)(5) | First lien senior secured loan | S + | 2.75% | 09/2032 | 3017 | 3015 | 3022 |  |
| Columbus McKinnon Corp.(6)(8) | First lien senior secured loan | S + | 2.50% | 05/2028 | 397 | 397 | 397 |  |
| DXP Enterprises, Inc.(5) | First lien senior secured loan | S + | 3.25% | 10/2030 | 13098 | 13098 | 13194 |  |
| EMRLD Borrower LP (dba Emerson)(6) | First lien senior secured loan | S + | 2.25% | 05/2030 | 8602 | 8602 | 8619 |  |
| Engineered Machinery Holdings, Inc. (dba Duravant)(6) | First lien senior secured loan | S + | 3.25% | 11/2032 | 11939 | 11924 | 12005 |  |
| Filtration Group Corporation(5) | First lien senior secured loan | S + | 2.75% | 10/2028 | 6651 | 6651 | 6682 |  |
| Gates Global LLC(5) | First lien senior secured loan | S + | 1.75% | 11/2029 | 1595 | 1595 | 1598 |  |
| Gloves Buyer, Inc. (dba Protective Industrial Products)(5) | First lien senior secured loan | S + | 4.00% | 05/2032 | 10243 | 10194 | 10177 |  |
| Legence Holdings LLC(5) | First lien senior secured loan | S + | 2.25% | 12/2031 | 4499 | 4502 | 4525 |  |
| MADISON IAQ LLC(7) | First lien senior secured loan | S + | 2.50% | 06/2028 | 975 | 975 | 979 |  |
| MADISON IAQ LLC(6) | First lien senior secured loan | S + | 2.75% | 11/2032 | 11347 | 11346 | 11409 |  |
| Pro Mach Group, Inc.(5) | First lien senior secured loan | S + | 2.75% | 10/2032 | 10295 | 10269 | 10356 |  |
| Spectris(6) | First lien senior secured loan | S + | 2.75% | 09/2032 | 6840 | 6823 | 6866 |  |
| STS Operating, Inc.(5) | First lien senior secured loan | S + | 4.00% | 03/2031 | 10389 | 10352 | 10376 |  |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of December 31, 2025**

**(Amounts in thousands)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Watlow Electric Manufacturing Company(6) | First lien senior secured loan | S + | 3.00% | 03/2028 | 11069 | 11074 | 11128 |  |
|  |  |  |  |  |  | 121675 | 122269 | 38.2% |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |
| Amneal Pharmaceuticals LLC(5) | First lien senior secured loan | S + | 3.50% | 08/2032 | 7094 | $7077 | $7147 |  |
| Elanco Animal Health Incorporated(5) | First lien senior secured loan | S + | 1.75% | 10/2032 | 3356 | 3332 | 3360 |  |
| Fortrea Holdings Inc.(5)(8) | First lien senior secured loan | S + | 3.75% | 07/2030 | 5155 | 5166 | 4961 |  |
| Opal US LLC(6) | First lien senior secured loan | S + | 3.00% | 04/2032 | 5810 | 5803 | 5841 |  |
|  |  |  |  |  |  | 21378 | 21309 | 6.7% |
| **Professional services** |  |  |  |  |  |  |  |  |
| AlixPartners, LLP(5) | First lien senior secured loan | S + | 2.00% | 08/2032 | 2645 | $2638 | $2647 |  |
| AmSpec Parent, LLC(6) | First lien senior secured loan | S + | 3.50% | 12/2031 | 2986 | 2974 | 2986 |  |
| Apex Group Treasury LLC(6) | First lien senior secured loan | S + | 3.50% | 02/2032 | 5593 | 5427 | 5248 |  |
| API GROUP DE INC(5) | First lien senior secured loan | S + | 1.75% | 01/2029 | 2166 | 2166 | 2174 |  |
| Camelot U.S. Acquisition 1 Co.(5) | First lien senior secured loan | S + | 2.75% | 01/2031 | 3442 | 3437 | 3392 |  |
| Clearwater Analytics, LLC(7) | First lien senior secured loan | S + | 2.00% | 04/2032 | 4237 | 4237 | 4229 |  |
| Corporation Service Company(5) | First lien senior secured loan | S + | 2.00% | 11/2029 | 5337 | 5337 | 5333 |  |
| Element Materials Technology(6) | First lien senior secured loan | S + | 3.67% | 06/2029 | 3577 | 3603 | 3600 |  |
| Element Solutions, Inc.(5) | First lien senior secured loan | S + | 1.75% | 12/2030 | 2797 | 2803 | 2810 |  |
| First Advantage Holdings LLC(5) | First lien senior secured loan | S + | 2.75% | 10/2031 | 5661 | 5660 | 5595 |  |
| Genuine Financial Holdings, LLC(5) | First lien senior secured loan | S + | 3.25% | 09/2030 | 3689 | 3689 | 3094 |  |
| Red Ventures, LLC(5) | First lien senior secured loan | S + | 2.75% | 03/2030 | 1506 | 1544 | 1443 |  |
| Skopima Merger Sub Inc.(5) | First lien senior secured loan | S + | 3.75% | 05/2028 | 4993 | 4993 | 4541 |  |
| Vistage International, Inc.(6) | First lien senior secured loan | S + | 3.75% | 07/2029 | 9578 | 9577 | 9530 |  |
|  |  |  |  |  |  | 58085 | 56622 | 17.7% |
| **Telecommunications** |  |  |  |  |  |  |  |  |
| Cable One, Inc.(5) | First lien senior secured loan | S + | 2.00% | 05/2028 | 3428 | $3421 | $3229 |  |
| Charter Communications Operating LLC(6) | First lien senior secured loan | S + | 2.25% | 12/2031 | 8170 | 8153 | 8175 |  |
| Cogeco Communications (USA) II L.P.(5) | First lien senior secured loan | S + | 2.50% | 09/2028 | 4379 | 4349 | 4207 |  |
| Eagle Broadband Investments, LLC (dba Mega Broadband Investments)(6) | First lien senior secured loan | S + | 3.00% | 11/2027 | 6113 | 6101 | 5783 |  |
| Virgin Media Bristol LLC(7) | First lien senior secured loan | S + | 3.18% | 03/2031 | 4257 | 4212 | 4212 |  |
|  |  |  |  |  |  | 26236 | 25606 | 8.0% |
| **Transportation** |  |  |  |  |  |  |  |  |
| AIT Worldwide Logistics Holdings, Inc.(6) | First lien senior secured loan | S + | 4.00% | 04/2030 | 11310 | $11309 | $11362 |  |
| Echo Global Logistics, Inc.(5) | First lien senior secured loan | S + | 3.75% | 11/2028 | 4575 | 4550 | 4498 |  |
| First Student Bidco Inc(6) | First lien senior secured loan | S + | 2.50% | 08/2030 | 2202 | 2199 | 2208 |  |
| Genesee & Wyoming Inc.(6) | First lien senior secured loan | S + | 1.75% | 04/2031 | 1392 | 1388 | 1392 |  |
| KKR Apple Bidco, LLC(5) | First lien senior secured loan | S + | 2.50% | 09/2031 | 8234 | 8215 | 8275 |  |
| NA Rail Hold Co. LLC(6) | First lien senior secured loan | S + | 3.00% | 03/2032 | 3831 | 3831 | 3856 |  |
|  |  |  |  |  |  | 31492 | 31591 | 9.9% |
| **Total Misc.-debt commitments(10)** |  |  |  |  |  | 88 | 102 | —% |
| **Total Debt Investments** |  |  |  |  |  | $1650258 | $1626107 | 507.6% |
| **Total Investments** |  |  |  |  |  | $1650258 | $1626107 | 507.6% |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Consolidated Schedule of Investments (continued)**

**As of December 31, 2025**

**(Amounts in thousands)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Unless otherwise indicated, OCIC SLF's investments are pledged as collateral supporting the amounts outstanding under OCIC SLF's Debt Facilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Unless otherwise indicated, all investments are considered Level 2 investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)Unless otherwise indicated, loan contains a variable rate structure, which may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate ("SOFR" or "S") (which can include one-, three-, six- or twelve-month SOFR), at the borrower's option, and which reset periodically based on the terms of the loan agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2025 was 3.69%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2025 was 3.65%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7)The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2025 was 3.57%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8)Level 3 investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9)Totals presented may differ than actuals due to rounding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10)Position or portion thereof is a partially unfunded loan commitment. See below for more information on the Company's commitments.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company**  | **Commitment Type** | **Commitment Expiration date** | **Funded Commitment** | **Unfunded** | **Unfunded** |
| **Portfolio Company**  | **Commitment Type** | **Commitment Expiration date** | **Funded Commitment** | **Commitment** | **Fair Value** |
| Chicago US MidCo III, LP | First lien senior secured delayed draw term loan | 10/2027 | $— | $1151 | $— |
| Citrin Cooperman Advisors LLC | First lien senior secured delayed draw term loan | 12/2027 |  | 672 |  |
| Cohnreznick Advisory LLC | First lien senior secured delayed draw term loan | 3/2027 |  | 734 |  |
| First Eagle Holdings, Inc. | First lien senior secured delayed draw term loan | 6/2027 |  | 1113 |  |
| Kaman Corporation | First lien senior secured delayed draw term loan | 1/2027 | 131 | 933 | 102 |
| Pinnacle Buyer, LLC | First lien senior secured delayed draw term loan | 3/2027 |  | 1713 |  |
| Pye-Barker Fire & Safety, LLC | First lien senior secured delayed draw term loan | 12/2027 |  | 1165 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM) | First lien senior secured delayed draw term loan | 10/2026 |  | 526 |  |
| Savor Acquisition, Inc. (dba Sauer Brands) | First lien senior secured delayed draw term loan | 2/2027 |  | 417 |  |
| Signia Aerospace LLC | First lien senior secured delayed draw term loan | 11/2026 |  | 213 |  |
| **Total Portfolio Company Commitments** | **Total Portfolio Company Commitments** |  | $131 | $8637 | $102 |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**Notes to the consolidated financial information**

**Organization and Principal Business**

OCIC SLF LLC (f/k/a Blue Owl Credit Income Senior Loan Fund LLC) ("OCIC SLF" or the "Company"), a Delaware limited liability company, was initially formed on February 14, 2022 as a wholly owned subsidiary of Blue Owl Credit Income Corp. ("OCIC").

On November 2, 2022, OCIC and State Teachers Retirement System of Ohio ("OSTRS" and together with the Company, the "Members" and each, a "Member") entered into an Amended and Restated Limited Liability Company Agreement to co-own OCIC SLF as a joint-venture. OCIC SLF's principal purpose is to make investments, primarily in senior secured loans that are made to middle market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. OCIC and OSTRS have agreed to contribute $437.5 million and $62.5 million, respectively, to OCIC SLF. OCIC and OSTRS have an 87.5% and 12.5% economic ownership, respectively, in OCIC SLF. Except under certain circumstances, contributions to OCIC SLF cannot be redeemed. OCIC SLF is managed by a board consisting of an equal number of representatives appointed by each Member and which acts unanimously. Investment decisions must be approved unanimously by an investment committee consisting of an equal number of representatives appointed by each Member.

**Investment Portfolio Detail**

Investments at fair value and amortized cost consisted of the following as of the following periods:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| ($ in thousands) | **Amortized Cost** | **Fair Value** | **Amortized Cost** | **Fair Value** |
| First-lien senior secured debt investments | $1641102 | $1586262 | $1650246 | $1626107 |
| **Total Investments** | $1641102 | $1586262 | $1650246 | $1626107 |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

The industry composition of investments based on fair value as of the following periods:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Advertising and media | 0.9% | 0.5% |
| Aerospace and defense | 5.4 | 4.4 |
| Automotive services | 1.2 | 1.4 |
| Buildings and real estate | 3.5 | 3.7 |
| Business services | 7.9 | 8.3 |
| Chemicals | 3.5 | 3.5 |
| Consumer products | 1.5 | 1.3 |
| Containers and packaging | 4.8 | 5.2 |
| Distribution | 2.1 | 2.6 |
| Education | 0.5 | 1.1 |
| Energy equipment and services | 1.5 | 2.3 |
| Financial services | 8.3 | 8.9 |
| Food and beverage | 6.5 | 5.9 |
| Healthcare equipment and services | 3.8 | 3.4 |
| Healthcare providers and services | 7.2 | 6.8 |
| Healthcare technology | 4.0 | 3.5 |
| Household products | 0.2 | 0.2 |
| Human resource support services | 1.9 | 2.0 |
| Infrastructure and environmental services | 1.6 | 1.2 |
| Insurance | 5.6 | 5.6 |
| Internet software and services | 8.8 | 10.5 |
| Investment funds and vehicles | 1.0 | 0.8 |
| Leisure and entertainment | 1.9 | 1.3 |
| Manufacturing | 8.2 | 7.5 |
| Pharmaceuticals | 1.4 | 1.3 |
| Professional services | 3.5 | 3.5 |
| Telecommunications | 1.4 | 1.6 |
| Transportation | 1.9 | 1.9 |
| **Total** | 100.0% | 100.0% |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

The geographic composition of investments based on fair value consisted of the below as of the following periods:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| United States: |  |  |
| &nbsp;&nbsp;Midwest | 24.4% | 25.6% |
| &nbsp;&nbsp;Northeast | 19.6 | 18.6 |
| &nbsp;&nbsp;South | 27.1 | 27.0 |
| &nbsp;&nbsp;West | 15.0 | 14.4 |
| &nbsp;&nbsp;International | 14.0 | 14.5 |
| **Total** | 100.0% | 100.0% |

---

*Investments*

The following table presents the fair value hierarchy of investments as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Fair Value Hierarchy as of March 31, 2026** | **Fair Value Hierarchy as of March 31, 2026** | **Fair Value Hierarchy as of March 31, 2026** | **Fair Value Hierarchy as of March 31, 2026** |
| ($ in thousands) | **Level 1** | **Level 2** | **Level 3** | **Total** |
| First-lien senior secured debt investments | $— | $1400658 | $185604 | $1586262 |
| **Total Investments** | $— | $1400658 | $185604 | $1586262 |

---

The following table presents the fair value hierarchy of investments as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Fair Value Hierarchy as of December 31, 2025** | **Fair Value Hierarchy as of December 31, 2025** | **Fair Value Hierarchy as of December 31, 2025** | **Fair Value Hierarchy as of December 31, 2025** |
| ($ in thousands) | **Level 1** | **Level 2** | **Level 3** | **Total** |
| First-lien senior secured debt investments | $— | $1393050 | $233057 | $1626107 |
| **Total Investments** | $— | $1393050 | $233057 | $1626107 |

---

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

**<u>Debt Activity</u>**

*Wise CLO 2023-1* 

On September 21, 2023, the Company's wholly-owned subsidiary, ORCIC JV WH LLC merged with the Company's wholly-owned subsidiary, Wise CLO 2023-1 Ltd., a private company incorporated and existing under the laws of Jersey Channel Islands, with Wise CLO 2023-1 Ltd. as the surviving entity. The merger was undertaken in order for Wise CLO 2023-1 Ltd. to act as the issuer in a collateralized loan obligation transaction (the "Wise CLO 2023-1 Transaction") using the financial assets previously acquired by it as the collateral underpinning the Wise CLO 2023-1 Transaction. On September 21, 2023, Wise CLO 2023-1 Ltd., as issuer, and Wise CLO 2023-1 LLC, a Delaware limited liability company and wholly-owned subsidiary of Wise CLO 2023-1 Ltd., as co-issuer, closed the Wise CLO 2023-1 Transaction and issued $195.0 million of Class A Notes, $46.3 million of Class B-1 Notes, $14.5 million of Class B-2 Notes, $29.3 million of Class C Notes, and $97.0 million of Subordinated Notes pursuant to an Indenture and Security Agreement dated September 21, 2023 among Wise CLO 2023-1 Ltd., as issuer, Wise CLO 2023-1 LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. Additionally, Wise CLO 2023-1 Ltd. and Wise CLO 2023-1 LLC incurred $75.0 million in Class A Loans pursuant to a Credit Agreement dated September 21, 2023 among Wise CLO 2023-1 Ltd., as issuer, Wise CLO 2023-1 LLC, as co-issuer, the lenders party thereto and U.S. Bank Trust Company, National Association as loan agent and collateral trustee.

On September 25, 2025, Wise CLO 2023-1 Ltd., as issuer, and Wise CLO 2023-1 LLC, as co-issuer, closed a collateralized loan obligation reset transaction (the "Wise CLO 2023-1 Reset Transaction") and issued $270.0 million of Class A-R Notes (the "Class A Notes"), $58.5 million of Class B-R Notes (the "Class B Notes"), $31.5 million of Class C-R Notes (the "Class C Notes"), and, in the case of the issuer only, $0.25 million of Class D-R Notes (the "Class D Notes", together with the Class A Notes, the Class B Notes and the Class C Notes, the "Wise 2023-1 Reset Secured Notes") pursuant to an Amended and Restated Indenture dated September 25, 2025 among Wise CLO 2023-1 Ltd., as issuer, Wise CLO 2023-1 LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. The proceeds in connection with the issuance of the Wise 2023-1 Reset Secured Notes were used to redeem or prepay, as applicable, the Wise 2023-1 Transaction. The Wise 2023-1 Reset Secured Notes have a stated maturity of October 20, 2038. The Subordinated Notes from the Wise 2023-1 Transaction were not redeemed and remain outstanding. The stated maturity of such Subordinated Notes was extended to October 20, 2038 in connection with the Wise 2023-1 Reset Transaction.

*Wise CLO 2023-2*

On October 30, 2023, the Company's wholly-owned subsidiary, ORCIC JV WH II LLC migrated as a company incorporated in the State of Delaware to a private company incorporated and existing under the laws of Jersey Channel Islands. As part of the migration, ORCIC JV WH II LLC was renamed to Wise CLO 2023-2 Ltd. The migration and renaming was undertaken in order for ORCIC JV WH II LLC (now Wise CLO 2023-2 Ltd.) to act as the issuer in a collateralized loan obligation transaction (the "Wise CLO 2023-2 Transaction") using the financial assets previously acquired by it as the collateral underpinning the Wise CLO 2023-2 Transaction. On December 13, 2023, Wise CLO 2023-2 Ltd., as issuer, and Wise CLO 2023-2 LLC, a Delaware limited liability company and wholly-owned subsidiary of Wise CLO 2023-2 Ltd., as co-issuer, closed the Wise CLO 2023-2 Transaction and issued $240.0 million of Class A Notes, $41.0 million of Class B-1 Notes, $15.0 million of Class B-2 Notes, $24.0 million of Class C Notes, and $84.5 million of Subordinated Notes pursuant to an Indenture dated December 13, 2023 among Wise CLO 2023-2 Ltd., as issuer, Wise CLO 2023-2 LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. The notes issued as part of the Wise CLO 2023-2 Transaction have a stated maturity of January 15, 2037.

On February 25, 2026, Wise CLO 2023-2 Ltd., as issuer, and Wise CLO 2023-2 LLC, as co-issuer, closed a collateralized loan obligation reset transaction (the "Wise CLO 2023-2 Reset Transaction") and issued $240.0 million of Class A-1-R Notes (the "Class A-1 Notes"), $16.0 million of Class A-2-R Notes (the "Class A-2 Notes"), $40.0 million of Class B-R Notes (the "Class B Notes"), $24.0 million of Class C-R Notes (the "Class C Notes") and, in the case of the issuer only, $0.25 million of Class D-R Notes (the "Class D Notes", together with the Class A-1 Notes, the Class A-2 Notes, the Class B Notes and the Class C Notes, the "Wise 2023-2 Reset Secured Notes") pursuant to an Amended and Restated Indenture dated February 25, 2026, among Wise CLO 2023-2 Ltd., as issuer, Wise CLO 2023-2 LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. The proceeds in connection with the issuance of the Wise 2023-2 Reset Secured Notes were used to redeem or prepay, as applicable, the Wise 2023-2 Transaction. The Wise 2023-2 Reset Secured Notes have a stated maturity of April 15,

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

2039. The Subordinated Notes from the Wise 2023-2 Transaction were not redeemed and remain outstanding. The stated maturity of such Subordinated Notes was extended to April 15, 2039 in connection with the Wise 2023-2 Reset Transaction.

*Wise CLO 2024-1*

On July 27, 2023, the Company's wholly-owned subsidiary, Wise CLO 2024-1 Ltd was incorporated as a company under the laws of the Cayman Islands. On March 7, 2024, Wise CLO 2024-1 Ltd., as issuer, and Wise CLO 2024-1 LLC, a Delaware limited liability company and wholly-owned subsidiary of Wise CLO 2024-1 Ltd., as co-issuer, closed a collateralized loan obligation transaction ("the Wise CLO 2024-1 Transaction") using the financial assets previously acquired by Wise CLO 2024-1 Ltd. as collateral to underpin the transaction and issued $240.0 million of Class A Notes, $55.0 million of Class B-1 Notes, $5.0 million of Class B-2 Notes, $20.0 million of Class C Notes, and $88.7 million of Subordinated Notes pursuant to an Indenture dated March 7, 2024 among Wise CLO 2024-1 Ltd., as issuer, Wise CLO 2024-1 LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. The notes issued as part of the Wise CLO 2024-1 Transaction have a stated maturity of April 15, 2037.

*Wise CLO 2024-2* 

On October 26, 2022, the Company's wholly-owned subsidiary, ORCIC JV WH III LLC was incorporated as a limited liability company under the laws of Delaware. On July 11, 2024, ORCIC JV WH III LLC merged with Wise CLO 2024-2 Ltd. On July 11, 2024, Wise CLO 2024-2 Ltd., as issuer, and Wise CLO 2024-2 LLC, a Delaware limited liability company and wholly-owned subsidiary of Wise CLO 2024-2 Ltd., as co-issuer, closed a collateralized loan obligation transaction ("the Wise CLO 2024-2 Transaction") using financial assets previously acquired by Wise CLO 2024-2 Ltd as collateral to underpin the transaction and issued $240.0 million of Class A Notes, $52.0 million of Class B Notes, $28.0 million of Class C Notes, and $90 million of Subordinated Notes pursuant to an Indenture dated July 11, 2024 among Wise CLO 2024-2 Ltd., as issuer, Wise CLO 2024-2 LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. The notes issued as part of the Wise CLO 2024-2 Transaction have a stated maturity of July 15, 2037.

Debt obligations consisted of the following as of March 31, 2026:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| ($ in thousands) | **Aggregate Principal<br>Committed** | **Outstanding<br>Principal** | **Amount**<br>**Available**<sup>(1)</sup> | **Unamortized Debt Issuance Costs** | **Net Carrying**<br>**Value** |
| Wise CLO 2023 -1 | $360000 | $360000 | $— | $1967 | $358033 |
| Wise CLO 2023 -2 | 320000 | 320000 |  | 1810 | 318190 |
| Wise CLO 2024 -1 | 320000 | 320000 |  | 1834 | 318166 |
| Wise CLO 2024 -2 | 320000 | 320000 |  | 1751 | 318249 |
| **Total Debt** | $1320000 | $1320000 | $— | $7362 | $1312638 |

---

<sup>(1)</sup> The amount available reflects any limitations related to each credit facility's borrowing base.

------

**OCIC SLF LLC**

**Supplemental Financial Information**

**(Unaudited)**

Debt obligations consisted of the following as of December 31, 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| ($ in thousands) | **Aggregate Principal<br>Committed** | **Outstanding<br>Principal** | **Amount**<br>**Available**<sup>(1)</sup> | **Unamortized Debt Issuance Costs** | **Net Carrying**<br>**Value** |
| Wise CLO 2023 -1 | $360000 | $360000 | $— | $2074 | $357926 |
| Wise CLO 2023 -2 | 320000 | 320000 |  | 2153 | 317847 |
| Wise CLO 2024 -1 | 320000 | 320000 |  | 1876 | 318124 |
| Wise CLO 2024 -2 | 320000 | 320000 |  | 1790 | 318210 |
| **Total Debt** | $1320000 | $1320000 | $— | $7893 | $1312107 |

---

<sup>(1)</sup> The amount available reflects any limitations related to each credit facility's borrowing base.

The table below presents the components of interest expense for the following periods:

---

| | | |
|:---|:---|:---|
| | **For the Period Ended March 31,** | **For the Period Ended March 31,** |
| ($ in thousands) | **2026** | **2025** |
| Interest expense | $17735 | $21028 |
| Amortization of debt issuance costs | 2292 | 176 |
| **Total Interest Expense** | $20027 | $21204 |
| Average interest rate | 5.5% | 6.5% |
| Average daily borrowings | $1320000 | $1320000 |

---

## Exhibit 99.2

**Blue Owl Credit SLF LLC**

Supplemental Financial Information (Unaudited) as of and for the period ended March 31, 2026

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Statement of Assets and Liabilities**

**(Amounts in thousands)**

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| **Assets** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value (amortized cost of $2,474,449 and $2,350,698, respectively) | $2417836 | $2343367 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash | 167235 | 124718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivable due on investments sold | 23608 | 1803 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest receivable | 7557 | 7635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $2616236 | $2477523 |
| **Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt (net of unamortized debt issuance costs of $8,096 and $8,463, respectively) | $1831178 | $1728363 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payable for investments purchased | 163029 | 94359 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest payable | 16980 | 23627 |
| &nbsp;&nbsp;&nbsp;&nbsp;Distribution payable | 13265 | 15513 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 1629 | 1592 |
| &nbsp;&nbsp;&nbsp;&nbsp;Due to advisor | 367 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | 2026448 | 1863454 |
| **Members' Equity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Members' Equity - Class A | 589788 | 614069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Members' Equity** | 589788 | 614069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities and Members' Equity** | $2616236 | $2477523 |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Statement of Operations**

**(Amounts in thousands)**

---

| | | |
|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| | **2026** | **2025** |
| **Investment Income** |  |  |
| &nbsp;&nbsp;Investment Income | $41005 | $23696 |
| **Total Investment Income** | $41005 | $23696 |
| **Operating Expenses** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | $23814 | $13049 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 1216 | 610 |
| **Total Operating Expenses** | 25030 | 13659 |
| **Net Investment Income (Loss)** | 15975 | 10037 |
| **Net Realized and Change in Unrealized Gain (Loss)** |  |  |
| Net change in unrealized gain (loss) on investments | (49283) | (16080) |
| Net realized gain (loss) on investments | (2708) | (23) |
| **Total Net Realized and Change in Unrealized Gain (Loss) on Investments** | (51991) | (16103) |
| **Net Increase (Decrease) in Members' Equity Resulting from Operations** | $(36016) | $(6066) |
| **Total Net Increase (Decrease) in Members' Equity Resulting from Operations - Class A** | $(36016) | $(6066) |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| **Debt Investments** | | | | | | | | | |
| **Advertising and media** | | | | | | | | | |
| Nexstar Media Inc.(6) | First lien senior secured loan | S + | 2.75% | —% | 03/2033 | $11438 | $11324 | $11300 |  |
| Outfront Media Capital LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 09/2032 | 3900 | 3897 | 3902 |  |
| Project Boost Purchaser, LLC (dba J.D. Power)(6) | First lien senior secured loan | S + | 2.75% | —% | 07/2031 | 19156 | 19162 | 18436 |  |
|  |  |  |  |  |  |  | 34383 | 33638 | 5.7% |
| **Aerospace and defense** |  |  |  |  |  |  |  |  |  |
| Amentum Government Services Holdings LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 09/2031 | 3397 | 3392 | 3395 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 1.75% | —% | 01/2027 | 651 | 650 | 646 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 2.25% | —% | 02/2028 | 360 | 357 | 350 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 2.75% | —% | 05/2032 | 3795 | 3795 | 3756 |  |
| Arcline FM Holdings LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 06/2030 | 8309 | 8308 | 8311 |  |
| Avolon TLB Borrower 1 (US) LLC(5) | First lien senior secured loan | S + | 1.75% | —% | 06/2030 | 11286 | 11286 | 11298 |  |
| Bleriot US Bidco Inc.(6) | First lien senior secured loan | S + | 2.50% | —% | 10/2030 | 16739 | 16738 | 16750 |  |
| Brown Group Holdings, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 07/2031 | 10479 | 10480 | 10489 |  |
| CACI International, Inc.(5) | First lien senior secured loan | S + | 1.75% | —% | 02/2033 | 7056 | 7039 | 7048 |  |
| Dynasty Acquisition Co., Inc. (dba StandardAero Limited)(5) | First lien senior secured loan | S + | 2.00% | —% | 10/2031 | 10739 | 10738 | 10735 |  |
| Kaman Corporation(6) | First lien senior secured loan | S + | 2.50% | —% | 02/2032 | 11060 | 11053 | 11058 |  |
| KBR, Inc(5) | First lien senior secured loan | S + | 2.00% | —% | 01/2031 | 987 | 990 | 986 |  |
| Mahseer Holdings LLC (dba PennAero)(6)(8) | First lien senior secured loan | S + | 3.25% | —% | 03/2033 | 11823 | 11764 | 11764 |  |
| Propulsion (BC) Finco S.A.R.L.(6) | First lien senior secured loan | S + | 2.50% | —% | 12/2032 | 8059 | 8048 | 8057 |  |
| Signia Aerospace LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 12/2031 | 12277 | 12279 | 12293 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.25% | —% | 03/2030 | 495 | 495 | 495 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 01/2032 | 9850 | 9833 | 9847 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 08/2032 | 9565 | 9543 | 9563 |  |
| United Airlines, Inc.(6) | First lien senior secured loan | S + | 1.75% | —% | 02/2031 | 987 | 987 | 983 |  |
| VSE Corp(6) | First lien senior secured loan | S + | 2.00% | —% | 03/2033 | 5483 | 5469 | 5472 |  |
|  |  |  |  |  |  |  | 143244 | 143296 | 24.3% |
| **Automotive services** |  |  |  |  |  |  |  |  |  |
| Belron Finance US LLC(6) | First lien senior secured loan | S + | 2.00% | —% | 10/2031 | 7881 | 7881 | 7873 |  |
| Mavis Tire Express Services Topco Corp.(5) | First lien senior secured loan | S + | 3.00% | —% | 05/2028 | 2838 | 2838 | 2833 |  |
| Mister Car Wash Holdings, Inc.(5) | First lien senior secured loan | S + | 2.25% | —% | 03/2031 | 676 | 677 | 667 |  |
| Mister Car Wash Holdings, Inc.(6) | First lien senior secured loan | S + | 3.00% | —% | 03/2031 | 10306 | 10203 | 10184 |  |
| VALVOLINE INC(5) | First lien senior secured loan | S + | 2.00% | —% | 12/2032 | 3410 | 3395 | 3419 |  |
| Wand Newco 3, Inc. (dba Caliber)(5) | First lien senior secured loan | S + | 2.50% | —% | 01/2031 | 4683 | 4683 | 4639 |  |
|  |  |  |  |  |  |  | 29677 | 29615 | 5.0% |
| **Buildings and real estate** |  |  |  |  |  |  |  |  |  |
| Advanced Drainage Systems, Inc.(5) | First lien senior secured loan | S + | 1.63% | —% | 02/2033 | 3768 | 3768 | 3780 |  |
| American Residential Services, LLC(6)(8) | First lien senior secured loan | S + | 2.75% | —% | 02/2032 | 7172 | 7155 | 7136 |  |
| ARCOSA INC(5) | First lien senior secured loan | S + | 2.00% | —% | 10/2031 | 2292 | 2292 | 2287 |  |
| Beacon Roofing Supply, Inc. (dba QXO)(5) | First lien senior secured loan | S + | 2.00% | —% | 04/2032 | 10254 | 10254 | 10222 |  |
| Construction Partners, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 11/2031 | 1975 | 1972 | 1972 |  |
| Cushman & Wakefield U.S. Borrower, LLC(5)(8) | First lien senior secured loan | S + | 2.75% | —% | 01/2030 | 425 | 425 | 426 |  |
| Hunter Douglas Inc(6) | First lien senior secured loan | S + | 3.00% | —% | 01/2032 | 2745 | 2719 | 2730 |  |
| Knife River Corporation(6) | First lien senior secured loan | S + | 2.00% | —% | 03/2032 | 1324 | 1321 | 1327 |  |
| MIWD Holdco II LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 03/2031 | 911 | 911 | 837 |  |
| Park River Holdings Inc(6) | First lien senior secured loan | S + | 4.50% | —% | 03/2031 | 10426 | 10284 | 10170 |  |
| Quikrete Holdings, Inc.(5) | First lien senior secured loan | S + | 2.25% | —% | 03/2029 | 495 | 492 | 494 |  |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| Quikrete Holdings, Inc.(5) | First lien senior secured loan | S + | 2.25% | —% | 02/2032 | 7368 | 7356 | 7350 |  |
| Starwood Property Mortgage, L.L.C.(5)(8) | First lien senior secured loan | S + | 1.75% | —% | 11/2027 | 1781 | 1777 | 1776 |  |
| Starwood Property Mortgage, L.L.C.(5) | First lien senior secured loan | S + | 2.25% | —% | 09/2032 | 3858 | 3854 | 3858 |  |
|  |  |  |  |  |  |  | 54580 | 54365 | 9.2% |
| **Business services** |  |  |  |  |  |  |  |  |  |
| Boxer Parent Company Inc. (f/k/a BMC)(6) | First lien senior secured loan | S + | 3.00% | —% | 07/2031 | 10312 | 10230 | 9535 |  |
| BrightView Landscapes, LLC(6) | First lien senior secured loan | S + | 2.00% | —% | 04/2029 | 5111 | 5121 | 5090 |  |
| CCC Intelligent Solutions Inc(5) | First lien senior secured loan | S + | 2.00% | —% | 01/2032 | 757 | 757 | 751 |  |
| ConnectWise, LLC(6) | First lien senior secured loan | S + | 3.50% | —% | 09/2028 | 10597 | 10371 | 9758 |  |
| CoolSys, Inc.(6) | First lien senior secured loan | S + | 6.00% | —% | 08/2028 | 15032 | 14589 | 12429 |  |
| DYCOM INDUSTRIES INC(5) | First lien senior secured loan | S + | 1.75% | —% | 01/2033 | 3659 | 3650 | 3669 |  |
| IDEMIA Group SAS(6) | First lien senior secured loan | S + | 4.25% | —% | 09/2028 | 2767 | 2785 | 2737 |  |
| IGT Holding IV AB (dba IFS)(6)(8) | First lien senior secured loan | S + | 3.00% | —% | 09/2031 | 5076 | 5070 | 5025 |  |
| Kaseya Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 03/2032 | 12441 | 12404 | 11586 |  |
| Madison Safety & Flow LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2031 | 1919 | 1919 | 1918 |  |
| MKS Instruments, Inc.(5) | First lien senior secured loan | S + | 1.75% | —% | 02/2033 | 2023 | 2023 | 2023 |  |
| NVENT ELEC PUB LTD CO (dba Nvent Thermal LLC)(5) | First lien senior secured loan | S + | 3.00% | —% | 01/2032 | 15286 | 15226 | 15254 |  |
| Ping Identity Holding Corp.(5)(8) | First lien senior secured loan | S + | 2.75% | —% | 11/2032 | 12605 | 12572 | 12447 |  |
| PINNACLE BUYER, LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 10/2032 | 17228 | 17190 | 17233 |  |
| Plano HoldCo, Inc. (dba Perficient)(6) | First lien senior secured loan | S + | 3.50% | —% | 10/2031 | 5940 | 5920 | 4752 |  |
| Plusgrade Inc.(6)(8) | First lien senior secured loan | S + | 3.50% | —% | 03/2031 | 9235 | 9236 | 8866 |  |
| Pye-Barker Fire & Safety, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 12/2032 | 17013 | 16935 | 17029 |  |
| Red Planet Borrower, LLC (dba Liftoff Mobile)(5) | First lien senior secured loan | S + | 4.00% | —% | 08/2032 | 16191 | 16040 | 15811 |  |
| Shift4 Payments, LLC(6) | First lien senior secured loan | S + | 2.00% | —% | 07/2032 | 8611 | 8611 | 8584 |  |
| Tecta America Corp.(5) | First lien senior secured loan | S + | 2.75% | —% | 02/2032 | 18549 | 18549 | 18462 |  |
| Vestis Corp(6)(8) | First lien senior secured loan | S + | 2.25% | —% | 02/2031 | 1021 | 983 | 982 |  |
| VM Consolidated, Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 10/2032 | 3265 | 3258 | 3266 |  |
| XPLOR T1, LLC(6)(8) | First lien senior secured loan | S + | 3.50% | —% | 12/2032 | 24683 | 24591 | 22894 |  |
|  |  |  |  |  |  |  | 218030 | 210101 | 35.6% |
| **Chemicals** |  |  |  |  |  |  |  |  |  |
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(6) | First lien senior secured loan | S + | 4.00% | —% | 11/2027 | 17286 | 16856 | 16488 |  |
| Axalta Coating Systems US Holdings INC(6) | First lien senior secured loan | S + | 1.75% | —% | 12/2029 | 2517 | 2521 | 2518 |  |
| Derby Buyer LLC (dba Delrin)(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2030 | 9897 | 9897 | 9872 |  |
| Entegris, Inc.(5) | First lien senior secured loan | S + | 1.75% | —% | 07/2029 | 533 | 535 | 534 |  |
| FORMULATIONS PARENT CORPORATION (dba Chase Corporation)(6)(8) | First lien senior secured loan | S + | 4.00% | —% | 04/2032 | 2347 | 2327 | 2330 |  |
| Ineos US Finance LLC(5) | First lien senior secured loan | S + | 3.25% | —% | 02/2030 | 3950 | 3882 | 3430 |  |
| MSOF BEACON LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 12/2032 | 11937 | 11907 | 11916 |  |
| Nouryon Finance B.V.(7) | First lien senior secured loan | S + | 3.25% | —% | 04/2028 | 7619 | 7575 | 7458 |  |
| Windsor Holdings III LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 08/2030 | 6925 | 6751 | 6813 |  |
|  |  |  |  |  |  |  | 62251 | 61359 | 10.4% |
| **Consumer products** |  |  |  |  |  |  |  |  |  |
| ACP Tara Holdings, Inc. (dba Arcadia)(6) | First lien senior secured loan | S + | 3.25% | —% | 12/2032 | 15554 | 15525 | 15605 |  |
| ASGN Incorporated(5) | First lien senior secured loan | S + | 1.75% | —% | 08/2030 | 494 | 498 | 493 |  |
| BEP Intermediate Holdco, LLC (dba Buyers Edge Platform)(5)(8) | First lien senior secured loan | S + | 2.75% | —% | 04/2031 | 13228 | 13159 | 13195 |  |
| HomeServe USA Holding Corp.(5) | First lien senior secured loan | S + | 2.00% | —% | 10/2030 | 5615 | 5607 | 5564 |  |
| Novelis Inc(6) | First lien senior secured loan | S + | 1.75% | —% | 03/2032 | 4597 | 4597 | 4596 |  |
|  |  |  |  |  |  |  | 39386 | 39453 | 6.7% |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| **Containers and packaging** | | | | | | | | | |
| Berlin Packaging(6) | First lien senior secured loan | S + | 3.25% | —% | 06/2031 | 7482 | 7468 | 7193 |  |
| Charter NEX US, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 11/2030 | 7904 | 7905 | 7848 |  |
| Clydesdale Acquisition Holdings, Inc. (dba Novolex)(5) | First lien senior secured loan | S + | 3.25% | —% | 03/2032 | 14368 | 14274 | 13384 |  |
| Graham Packaging Company Inc(5) | First lien senior secured loan | S + | 2.25% | —% | 01/2033 | 2955 | 2949 | 2922 |  |
| Plastipak Holdings Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2032 | 21928 | 21828 | 21667 |  |
| Pregis Topco LLC(5) | First lien senior secured loan | S + | 4.00% | —% | 02/2029 | 4849 | 4840 | 4839 |  |
| ProAmpac PG Borrower LLC(5) | First lien senior secured loan | S + | 4.00% | —% | 03/2033 | 17437 | 17176 | 16797 |  |
| Ring Container Technologies Group, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2032 | 17034 | 16993 | 16852 |  |
| SupplyOne, Inc.(5) | First lien senior secured loan | S + | 3.50% | —% | 04/2031 | 16134 | 16127 | 16164 |  |
| Tricorbraun Holdings, Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 03/2028 | 21485 | 21271 | 20374 |  |
|  |  |  |  |  |  |  | 130831 | 128040 | 21.7% |
| **Distribution** |  |  |  |  |  |  |  |  |  |
| AI Aqua Merger Sub, Inc. (dba Culligan)(5) | First lien senior secured loan | S + | 2.75% | —% | 07/2028 | 11718 | 11720 | 11683 |  |
| Avient Corporation(6) | First lien senior secured loan | S + | 1.75% | —% | 08/2029 | 2943 | 2955 | 2963 |  |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(5) | First lien senior secured loan | S + | 3.25% | —% | 12/2030 | 11405 | 11405 | 11220 |  |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(5) | First lien senior secured loan | S + | 3.50% | —% | 12/2032 | 16000 | 15771 | 15730 |  |
| Paint Intermediate III LLC (dba Wesco Group)(6) | First lien senior secured loan | S + | 3.00% | —% | 10/2031 | 20061 | 19994 | 19949 |  |
|  |  |  |  |  |  |  | 61845 | 61545 | 10.4% |
| **Education** |  |  |  |  |  |  |  |  |  |
| Covista Inc. (dba Adtalem Global Education)(5)(8) | First lien senior secured loan | S + | 2.25% | —% | 03/2033 | 6031 | 6001 | 6001 |  |
| Renaissance Learning, Inc.(6) | First lien senior secured loan | S + | 4.00% | —% | 04/2030 | 5124 | 4970 | 3617 |  |
|  |  |  |  |  |  |  | 10971 | 9618 | 1.6% |
| **Energy equipment and services** |  |  |  |  |  |  |  |  |  |
| AZZ Inc.(5) | First lien senior secured loan | S + | 1.75% | —% | 05/2029 | 2322 | 2332 | 2324 |  |
| Brookfield WEC Holdings Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 01/2031 | 6247 | 6247 | 6233 |  |
| Calpine Construction Finance Company(5) | First lien senior secured loan | S + | 1.75% | —% | 07/2030 | 3000 | 3000 | 2999 |  |
| Centuri Group, Inc(5) | First lien senior secured loan | S + | 2.00% | —% | 07/2032 | 4826 | 4826 | 4827 |  |
| Fleet U.S. Bidco Inc.(6)(8) | First lien senior secured loan | S + | 2.75% | —% | 02/2031 | 8521 | 8522 | 8521 |  |
|  |  |  |  |  |  |  | 24927 | 24904 | 4.2% |
| **Financial services** |  |  |  |  |  |  |  |  |  |
| AllSpring Buyer(6) | First lien senior secured loan | S + | 3.00% | —% | 11/2030 | 1905 | 1901 | 1905 |  |
| Ascensus Holdings, Inc.(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2032 | 7895 | 7878 | 7759 |  |
| BCPE Pequod Buyer, Inc. (dba Envestnet)(6) | First lien senior secured loan | S + | 2.75% | —% | 11/2031 | 18825 | 18825 | 18238 |  |
| Chrysaor Bidco s.à r.l. (dba AlterDomus)(6) | First lien senior secured loan | S + | 3.25% | —% | 10/2031 | 7932 | 7927 | 7912 |  |
| Citadel Securities, LP(6) | First lien senior secured loan | S + | 2.00% | —% | 10/2031 | 7015 | 7015 | 7019 |  |
| Citco Funding LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 01/2033 | 15573 | 15537 | 15500 |  |
| Citrin Cooperman Advisors LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 04/2032 | 8008 | 7943 | 7678 |  |
| Cohnreznick Advisory LLC(6) | First lien senior secured loan | S + | 3.25% | —% | 03/2032 | 7813 | 7792 | 7530 |  |
| Creative Planning, LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 05/2031 | 7625 | 7576 | 7567 |  |
| EP Wealth Advisors, LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 10/2032 | 3993 | 3984 | 3993 |  |
| First Eagle Holdings, Inc.(6) | First lien senior secured loan | S + | 3.50% | —% | 08/2032 | 10382 | 10247 | 10221 |  |
| Focus Financial Partners, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2031 | 14490 | 14478 | 14003 |  |
| Grant Thornton Advisors LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 06/2031 | 7275 | 7181 | 6762 |  |
| Guggenheim Partners Investment Management Holdings, LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 11/2031 | 5925 | 5914 | 5925 |  |
| Kestra Advisor Services Holdings A, Inc.(5) | First lien senior secured loan | S + | 3.00% | —% | 03/2031 | 5387 | 5387 | 5343 |  |
| MARINER WEALTH ADVISORS, LLC(6) | First lien senior secured loan | S + | 2.25% | —% | 12/2030 | 4879 | 4879 | 4860 |  |
| OneDigital Borrower LLC(5) | First lien senior secured loan | S + | 3.00% | —% | 07/2031 | 10460 | 10460 | 10091 |  |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| Orion Advisor Solutions Inc(6) | First lien senior secured loan | S + | 2.75% | —% | 09/2030 | 9923 | 9923 | 9729 |  |
| PPI Holding US INC. (dba Nuvei)(5) | First lien senior secured loan | S + | 2.50% | —% | 11/2031 | 15426 | 15426 | 15091 |  |
| Pushpay USA Inc(6)(8) | First lien senior secured loan | S + | 3.75% | —% | 08/2031 | 424 | 424 | 411 |  |
| Saphilux S.a.r.L. (dba IQ-EQ)(7) | First lien senior secured loan | S + | 3.00% | —% | 07/2028 | 19425 | 19425 | 19383 |  |
| TMF Sapphire Bidco B.V.(6) | First lien senior secured loan | S + | 2.75% | —% | 05/2028 | 4324 | 4332 | 4322 |  |
| Victory Capital Holdings Inc(6) | First lien senior secured loan | S + | 2.00% | —% | 09/2032 | 7072 | 7065 | 7049 |  |
|  |  |  |  |  |  |  | 201519 | 198291 | 33.6% |
| **Food and beverage** |  |  |  |  |  |  |  |  |  |
| 1011778 BC / NEW RED FIN (dba Restaurant Brands)(5) | First lien senior secured loan | S + | 1.75% | —% | 09/2030 | 1893 | 1886 | 1887 |  |
| Aramark Services, Inc.(5) | First lien senior secured loan | S + | 1.75% | —% | 06/2030 | 5886 | 5886 | 5886 |  |
| Aspire Bakeries Holdings, LLC(5)(8) | First lien senior secured loan | S + | 3.00% | —% | 12/2030 | 4208 | 4208 | 4208 |  |
| Balrog Acquisition, Inc. (dba Bakemark)(5) | First lien senior secured loan | S + | 4.00% | —% | 09/2028 | 15012 | 15039 | 10534 |  |
| Chobani LLC(5) | First lien senior secured loan | S + | 2.25% | —% | 10/2032 | 8780 | 8780 | 8776 |  |
| Fiesta Purchaser, Inc. (dba Shearer's Foods)(5) | First lien senior secured loan | S + | 2.75% | —% | 02/2031 | 14252 | 14252 | 13879 |  |
| FRONERI US INC(7) | First lien senior secured loan | S + | 2.25% | —% | 09/2031 | 3960 | 3953 | 3876 |  |
| FRONERI US INC(7) | First lien senior secured loan | S + | 2.25% | —% | 09/2032 | 14380 | 14350 | 14088 |  |
| IRB Holding Corp (dba Inspire Brands, Inc.)(5) | First lien senior secured loan | S + | 2.50% | —% | 12/2030 | 13970 | 13970 | 13928 |  |
| Pegasus BidCo B.V.(6) | First lien senior secured loan | S + | 2.75% | —% | 07/2029 | 11660 | 11639 | 11605 |  |
| Primo Brands Corporation(6) | First lien senior secured loan | S + | 2.75% | —% | 03/2031 | 11129 | 11073 | 11141 |  |
| Raising Cane's Restaurants, LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 11/2032 | 13767 | 13740 | 13672 |  |
| Red SPV, LLC(5) | First lien senior secured loan | S + | 2.25% | —% | 03/2032 | 9452 | 9413 | 9429 |  |
| Savor Acquisition, Inc. (dba Sauer Brands)(6) | First lien senior secured loan | S + | 3.00% | —% | 02/2032 | 5508 | 5490 | 5509 |  |
| Simply Good Foods USA, Inc.(6) | First lien senior secured loan | S + | 2.00% | —% | 03/2030 | 6853 | 6821 | 6864 |  |
| Snacking Investments US LLC (dba Arnott's Group)(6) | First lien senior secured loan | S + | 3.00% | —% | 10/2032 | 7382 | 7366 | 7379 |  |
| Utz Quality Foods, LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 01/2032 | 2550 | 2550 | 2547 |  |
| Whatabrands LLC (dba Whataburger Restaurants LLC)(5) | First lien senior secured loan | S + | 2.50% | —% | 08/2028 | 8688 | 8659 | 8668 |  |
|  |  |  |  |  |  |  | 159075 | 153876 | 26.1% |
| **Healthcare equipment and services** |  |  |  |  |  |  |  |  |  |
| Agiliti Health(7) | First lien senior secured loan | S + | 3.00% | —% | 05/2030 | 2229 | 2176 | 2162 |  |
| ARGENT FINCO LLC(6)(8) | First lien senior secured loan | S + | 3.00% | —% | 11/2032 | 4571 | 4560 | 4571 |  |
| Azalea TopCo, Inc. (dba Press Ganey)(5) | First lien senior secured loan | S + | 3.00% | —% | 04/2031 | 1352 | 1353 | 1349 |  |
| Confluent Medical Technologies, Inc.(6) | First lien senior secured loan | S + | 3.00% | —% | 02/2029 | 9690 | 9690 | 9671 |  |
| Curium BidCo S.A.R.L (dba Curium Pharma)(6) | First lien senior secured loan | S + | 3.00% | —% | 08/2031 | 9661 | 9620 | 9637 |  |
| Global Medical Response, Inc.(6) | First lien senior secured loan | S + | 3.50% | —% | 10/2032 | 12611 | 12583 | 12557 |  |
| Hologic Inc(6) | First lien senior secured loan | S + | 2.25% | —% | 01/2033 | 22433 | 22377 | 22152 |  |
| LUMEXA IMAGING INC(6) | First lien senior secured loan | S + | 3.00% | —% | 12/2032 | 5320 | 5320 | 5330 |  |
| Medline Borrower, LP(5) | First lien senior secured loan | S + | 1.75% | —% | 10/2030 | 11530 | 11519 | 11543 |  |
| NSM Top Holdings Corp. (dba National Seating & Mobility)(6)(8) | First lien senior secured loan | S + | 4.25% | —% | 05/2029 | 10775 | 10751 | 10775 |  |
| Resonetics, LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 06/2031 | 10794 | 10794 | 10737 |  |
| Sharp Services, LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 09/2032 | 2211 | 2201 | 2210 |  |
| Zest Acquisition Corp.(6)(8) | First lien senior secured loan | S + | 5.25% | —% | 02/2028 | 987 | 993 | 955 |  |
|  |  |  |  |  |  |  | 103937 | 103649 | 17.6% |
| **Healthcare providers and services** |  |  |  |  |  |  |  |  |  |
| CHG Healthcare Services, Inc.(6) | First lien senior secured loan | S + | 2.75% | —% | 09/2028 | 3340 | 3346 | 3341 |  |
| CHG PPC Parent LLC(5) | First lien senior secured loan | S + | 3.00% | —% | 12/2028 | 4182 | 4172 | 4179 |  |
| Concentra(5) | First lien senior secured loan | S + | 2.00% | —% | 07/2031 | 1485 | 1490 | 1489 |  |
| Confluent Health, LLC(5)(8) | First lien senior secured loan | S + | 4.00% | —% | 11/2028 | 13310 | 13153 | 11314 |  |
| Covetrus, Inc.(6)(8) | First lien senior secured loan | S + | 5.00% | —% | 10/2029 | 15934 | 15306 | 15337 |  |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| Electron Bidco Inc (dba ExamWorks)(5) | First lien senior secured loan | S + | 2.50% | —% | 02/2033 | 3054 | 3056 | 3049 |  |
| Inizio Group Limited (dba UDG Healthcare)(6) | First lien senior secured loan | S + | 4.25% | —% | 08/2028 | 2621 | 2586 | 2333 |  |
| LSCS Holdings, Inc.(6) | First lien senior secured loan | S + | 4.50% | —% | 03/2032 | 15547 | 15447 | 14536 |  |
| Onex TSG Intermediate Corporation(6) | First lien senior secured loan | S + | 3.25% | —% | 08/2032 | 7263 | 7263 | 7288 |  |
| Option Care Health, Inc(5) | First lien senior secured loan | S + | 1.75% | —% | 09/2032 | 3098 | 3091 | 3107 |  |
| Pacific Dental Services, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 03/2031 | 7302 | 7312 | 7302 |  |
| Phoenix Guarantor Inc(5) | First lien senior secured loan | S + | 2.50% | —% | 02/2031 | 741 | 740 | 740 |  |
| Phoenix Newco, Inc. (dba Parexel)(5) | First lien senior secured loan | S + | 2.75% | —% | 12/2031 | 26758 | 26694 | 26646 |  |
| Select Medical Corp.(5) | First lien senior secured loan | S + | 2.00% | —% | 12/2031 | 3556 | 3555 | 3530 |  |
| Select Medical Corp.(6)(8) | First lien senior secured loan | S + | 3.25% | —% | 12/2031 | 9110 | 9019 | 9087 |  |
| Soliant Lower Intermediate, LLC (dba Soliant)(7) | First lien senior secured loan | S + | 3.75% | —% | 07/2031 | 9587 | 9650 | 7095 |  |
| Surgery Center Holdings, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 12/2030 | 3655 | 3647 | 3653 |  |
| WCG Intermediate Corp. (f/k/a Da Vinci Purchaser Corp.) (dba WCG)(5) | First lien senior secured loan | S + | 2.75% | —% | 02/2032 | 7439 | 7439 | 7238 |  |
|  |  |  |  |  |  |  | 136966 | 131264 | 22.3% |
| **Healthcare technology** |  |  |  |  |  |  |  |  |  |
| Certara(5)(8) | First lien senior secured loan | S + | 2.75% | —% | 06/2031 | 667 | 667 | 667 |  |
| Cotiviti, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 03/2032 | 4430 | 4391 | 4069 |  |
| Cotiviti, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 05/2031 | 5454 | 5419 | 5014 |  |
| Ensemble RCM, LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 02/2033 | 25301 | 25276 | 24980 |  |
| Imprivata, Inc.(6) | First lien senior secured loan | S + | 3.00% | —% | 12/2027 | 12839 | 12825 | 12707 |  |
| IQVIA, Inc.(6) | First lien senior secured loan | S + | 1.75% | —% | 01/2031 | 1980 | 1988 | 1984 |  |
| PointClickCare Technologies, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 11/2031 | 14962 | 14962 | 14869 |  |
| Project Ruby Ultimate Parent Corp. (dba Wellsky)(5) | First lien senior secured loan | S + | 2.75% | —% | 03/2028 | 11755 | 11757 | 11689 |  |
| Radnet Management, Inc.Raven Acquisition Holdings, LLC (dba R1 RCM)(6) | First lien senior secured loan | S + | 2.25% | —% | 04/2031 | 2157 | 2167 | 2159 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM)(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2031 | 11557 | 11499 | 11324 |  |
| Southern Veterinary Partners, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 12/2031 | 19020 | 19020 | 18833 |  |
| Waystar Technologies, Inc. (F/K/A Navicure, Inc.)(5)(8) | First lien senior secured loan | S + | 2.00% | —% | 10/2029 | 5753 | 5759 | 5739 |  |
| Zelis Cost Management Buyer, Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 11/2031 | 11430 | 11387 | 11042 |  |
|  |  |  |  |  |  |  | 127117 | 125076 | 21.2% |
| **Household products** |  |  |  |  |  |  |  |  |  |
| Energizer Holdings, Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 03/2032 | 888 | 886 | 885 |  |
| Samsonite International S.A.(5) | First lien senior secured loan | S + | 1.75% | —% | 11/2032 | 2972 | 2958 | 2971 |  |
|  |  |  |  |  |  |  | 3844 | 3856 | 0.7% |
| **Human resource support services** |  |  |  |  |  |  |  |  |  |
| AQ Carver Buyer, Inc. (dba CoAdvantage)(7)(8) | First lien senior secured loan | S + | 5.50% | —% | 08/2029 | 1975 | 1981 | 1545 |  |
| Dawn Bidco, LLC (dba Dayforce)(6) | First lien senior secured loan | S + | 3.00% | —% | 10/2032 | 21732 | 21680 | 20530 |  |
| iSolved, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 10/2030 | 18891 | 18888 | 17958 |  |
| UKG Inc. (dba Ultimate Software)(6) | First lien senior secured loan | S + | 2.50% | —% | 02/2031 | 17312 | 17313 | 16517 |  |
|  |  |  |  |  |  |  | 59862 | 56550 | 9.6% |
| **Infrastructure and environmental services** |  |  |  |  |  |  |  |  |  |
| Arcwood Environmental, Inc(6)(8) | First lien senior secured loan | S + | 3.25% | —% | 03/2033 | 6290 | 6259 | 6290 |  |
| ASP Acuren Holdings, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 07/2031 | 8436 | 8436 | 8417 |  |
| Clean Harbors Inc(5) | First lien senior secured loan | S + | 1.50% | —% | 09/2032 | 3014 | 3014 | 3032 |  |
| Geosyntec Consultants, Inc.(5) | First lien senior secured loan | S + | 3.00% | —% | 07/2031 | 14175 | 14176 | 14113 |  |
| GFL Environmental Services Inc.(6) | First lien senior secured loan | S + | 2.50% | —% | 03/2032 | 5499 | 5497 | 5495 |  |
| Gulfside Supply, Inc. (dba Gulfeagle Supply)(6) | First lien senior secured loan | S + | 3.00% | —% | 06/2031 | 3491 | 3386 | 3181 |  |
|  |  |  |  |  |  |  | 40768 | 40528 | 6.9% |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| **Insurance** | | | | | | | | | |
| Acrisure, LLC(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2030 | 7904 | 7904 | 7645 |  |
| Acrisure, LLC(5) | First lien senior secured loan | S + | 3.25% | —% | 06/2032 | 1918 | 1914 | 1856 |  |
| Alera Group, Inc.(6) | First lien senior secured loan | S + | 2.75% | —% | 05/2032 | 17236 | 17236 | 16693 |  |
| Alliant Holdings Intermediate LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2031 | 8400 | 8388 | 8328 |  |
| AmWINS Group, Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 01/2032 | 14964 | 14965 | 14849 |  |
| Ardonagh Midco 3 PLC(7) | First lien senior secured loan | S + | 2.75% | —% | 02/2031 | 9991 | 9964 | 9748 |  |
| Asurion, LLC(5) | First lien senior secured loan | S + | 4.25% | —% | 08/2028 | 913 | 911 | 912 |  |
| Broadstreet Partners, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 06/2031 | 11876 | 11876 | 11569 |  |
| CFC USA 2025 LLC (dba CFC Insurance)(6) | First lien senior secured loan | S + | 3.50% | —% | 07/2032 | 6403 | 6344 | 6099 |  |
| Hub International(6) | First lien senior secured loan | S + | 2.25% | —% | 06/2030 | 3466 | 3466 | 3455 |  |
| Hyperion Refinance S.à r.l (dba Howden Group)(5) | First lien senior secured loan | S + | 2.75% | —% | 04/2030 | 18689 | 18689 | 18205 |  |
| Hyperion Refinance S.à r.l (dba Howden Group)(5) | First lien senior secured loan | S + | 2.75% | —% | 02/2031 | 3506 | 3506 | 3391 |  |
| IMA Financial Group, Inc.(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2028 | 8362 | 8343 | 8278 |  |
| Mitchell International, Inc.(5) | First lien senior secured loan | S + | 3.00% | —% | 06/2031 | 13950 | 13833 | 13276 |  |
| Ryan Specialty Group LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 09/2031 | 743 | 747 | 741 |  |
| Summit Acquisition Inc. (dba K2 Insurance Services)(5)(8) | First lien senior secured loan | S + | 3.50% | —% | 10/2031 | 3728 | 3728 | 3719 |  |
| The Liberty Company Insurance Brokers, LLC(7)(8) | First lien senior secured loan | S + | 3.75% | —% | 10/2032 | 3131 | 3116 | 2998 |  |
| Trucordia Insurance Holdings, LLC(5)(8) | First lien senior secured loan | S + | 3.25% | —% | 06/2032 | 24875 | 24820 | 23756 |  |
| Truist Insurance Holdings, LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 05/2031 | 7673 | 7670 | 7556 |  |
| USI, Inc.(6) | First lien senior secured loan | S + | 2.25% | —% | 09/2030 | 2467 | 2469 | 2458 |  |
|  |  |  |  |  |  |  | 169889 | 165532 | 28.1% |
| **Internet software and services** |  |  |  |  |  |  |  |  |  |
| Avalara, Inc.(6) | First lien senior secured loan | S + | 2.75% | —% | 03/2032 | 12038 | 12028 | 11748 |  |
| Cloud Software Group, Inc.(6) | First lien senior secured loan | S + | 3.25% | —% | 03/2031 | 4950 | 4950 | 4519 |  |
| Cloud Software Group, Inc.(6) | First lien senior secured loan | S + | 3.25% | —% | 08/2032 | 9138 | 9125 | 8334 |  |
| Clover Holdings 2, LLC (dba Cohesity)(5) | First lien senior secured loan | S + | 3.75% | —% | 12/2031 | 19496 | 19308 | 18644 |  |
| Delta TopCo, Inc. (dba Infoblox, Inc.)(5) | First lien senior secured loan | S + | 2.75% | —% | 11/2029 | 19827 | 19684 | 19149 |  |
| Epicor(5) | First lien senior secured loan | S + | 2.50% | —% | 05/2031 | 1045 | 1044 | 1024 |  |
| Gen Digital Inc(5) | First lien senior secured loan | S + | 1.75% | —% | 04/2032 | 3300 | 3285 | 3244 |  |
| Genesys Cloud Services, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 01/2032 | 14354 | 14319 | 13714 |  |
| KnowBe4, Inc.(6) | First lien senior secured loan | S + | 3.75% | —% | 07/2032 | 15910 | 15887 | 14133 |  |
| McAfee Corp.(5) | First lien senior secured loan | S + | 3.00% | —% | 03/2029 | 2982 | 2966 | 2654 |  |
| Opal US LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 04/2032 | 11813 | 11771 | 11801 |  |
| Project Alpha Intermediate Holding, Inc. (dba Qlik)(6) | First lien senior secured loan | S + | 3.25% | —% | 10/2030 | 6944 | 6929 | 5231 |  |
| Proofpoint, Inc.(6) | First lien senior secured loan | S + | 3.00% | —% | 08/2028 | 16549 | 16477 | 15998 |  |
| Quartz Acquireco, LLC (dba Qualtrics)(6)(8) | First lien senior secured loan | S + | 2.25% | —% | 06/2030 | 494 | 493 | 410 |  |
| Sedgwick Claims Management Services, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 07/2031 | 21673 | 21665 | 21250 |  |
| SONICWALL US Holdings, Inc.(6) | First lien senior secured loan | S + | 5.00% | —% | 05/2028 | 2965 | 2950 | 872 |  |
| Sophos Holdings, LLC(5) | First lien senior secured loan | S + | 3.50% | —% | 03/2027 | 11792 | 11784 | 11199 |  |
| SS&C(5) | First lien senior secured loan | S + | 2.00% | —% | 05/2031 | 7861 | 7870 | 7831 |  |
| Starlight Parent, LLC (dba SolarWinds)(6) | First lien senior secured loan | S + | 4.00% | —% | 04/2032 | 9274 | 9026 | 7836 |  |
| Storable, Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 04/2031 | 11554 | 11553 | 11040 |  |
| UST Holdings, Ltd.(5)(8) | First lien senior secured loan | S + | 3.00% | —% | 11/2028 | 5913 | 5923 | 5646 |  |
| VERDE PURCHASER LLC (dba Veritiv Corp)(6) | First lien senior secured loan | S + | 4.00% | —% | 11/2030 | 10519 | 10503 | 10204 |  |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| VIAVI SOLUTIONS INC(6) | First lien senior secured loan | S + | 2.50% | —% | 10/2032 | 4730 | 4720 | 4730 |  |
| VIRTUSA CORPORATION(5) | First lien senior secured loan | S + | 3.25% | —% | 02/2029 | 2366 | 2373 | 2121 |  |
| VS Buyer LLC (dba Veeam Software)(6) | First lien senior secured loan | S + | 2.25% | —% | 04/2031 | 12131 | 12069 | 11828 |  |
|  |  |  |  |  |  |  | 238702 | 225160 | 38.2% |
| **Investment funds and vehicles** |  |  |  |  |  |  |  |  |  |
| Chicago US MidCo III, LP(5) | First lien senior secured loan | S + | 2.50% | —% | 11/2032 | 15032 | 14998 | 14857 |  |
| Grosvenor(5) | First lien senior secured loan | S + | 2.25% | —% | 02/2030 | 462 | 463 | 462 |  |
| JUPITER BORROWER INC (dba Janus Henderson)(6)(8) | First lien senior secured loan | S + | 2.75% | —% | 03/2033 | 9388 | 9341 | 9365 |  |
|  |  |  |  |  |  |  | 24802 | 24684 | 4.2% |
| **Leisure and entertainment** |  |  |  |  |  |  |  |  |  |
| Cedar Fair, L.P. (dba Six Flags Entertainment Corp)(5) | First lien senior secured loan | S + | 2.00% | —% | 05/2031 | 4711 | 4681 | 4635 |  |
| Delta 2 (Lux) SARL (dba Formula One)(6) | First lien senior secured loan | S + | 1.75% | —% | 09/2031 | 2000 | 2008 | 1994 |  |
| GBT US III LLC (dba Global Business Travel Group, Inc.)(6) | First lien senior secured loan | S + | 2.00% | —% | 07/2031 | 6407 | 6407 | 6266 |  |
| Live Nation Entertainment, Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 10/2032 | 11461 | 11410 | 11448 |  |
| OakEagle AcquireCo Inc(6) | First lien senior secured loan | S + | 3.50% | —% | 03/2033 | 17869 | 17601 | 17758 |  |
|  |  |  |  |  |  |  | 42107 | 42101 | 7.1% |
| **Manufacturing** |  |  |  |  |  |  |  |  |  |
| ALLIANCE LAUNDRY SYSTEMS LLC(6) | First lien senior secured loan | S + | 2.25% | —% | 08/2031 | 6766 | 6767 | 6757 |  |
| Altar Bidco, Inc.(5) | First lien senior secured loan | S + | 3.10% | —% | 02/2029 | 2004 | 1983 | 1991 |  |
| Chariot Buyer LLC (dba Chamberlain Group)(5) | First lien senior secured loan | S + | 2.75% | —% | 09/2032 | 8865 | 8864 | 8773 |  |
| CompoSecure Holdings, L.L.C.(5) | First lien senior secured loan | S + | 2.25% | —% | 01/2033 | 7806 | 7800 | 7772 |  |
| DXP Enterprises, Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 10/2030 | 10644 | 10644 | 10687 |  |
| EMRLD Borrower LP (dba Emerson)(6) | First lien senior secured loan | S + | 2.25% | —% | 05/2030 | 11150 | 11153 | 11132 |  |
| Engineered Machinery Holdings, Inc. (dba Duravant)(6) | First lien senior secured loan | S + | 3.25% | —% | 11/2032 | 20362 | 20307 | 20419 |  |
| Faraday Buyer, LLC (dba MacLean Power Systems)(6) | First lien senior secured loan | S + | 2.50% | —% | 02/2033 | 13996 | 13962 | 13914 |  |
| Filtration Group Corporation(5) | First lien senior secured loan | S + | 2.50% | —% | 10/2028 | 10244 | 10244 | 10239 |  |
| Gates Global LLC(5) | First lien senior secured loan | S + | 1.75% | —% | 11/2029 | 809 | 807 | 808 |  |
| Gloves Buyer, Inc. (dba Protective Industrial Products)(5) | First lien senior secured loan | S + | 4.00% | —% | 05/2032 | 11632 | 11581 | 11580 |  |
| Legence Holdings LLC(5) | First lien senior secured loan | S + | 2.25% | —% | 12/2031 | 6699 | 6702 | 6708 |  |
| MADISON IAQ LLC(7) | First lien senior secured loan | S + | 2.50% | —% | 06/2028 | 805 | 805 | 804 |  |
| MADISON IAQ LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 11/2032 | 21455 | 21457 | 21483 |  |
| Pro Mach Group, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 10/2032 | 21977 | 21932 | 21922 |  |
| SPECTRIS(6) | First lien senior secured loan | S + | 2.75% | —% | 12/2032 | 13232 | 13206 | 13232 |  |
| STS Operating, Inc.(5) | First lien senior secured loan | S + | 4.00% | —% | 03/2031 | 6995 | 6980 | 6988 |  |
| Tega MC Australia Holdings Pty Ltd(6)(8) | First lien senior secured loan | S + | 3.50% | —% | 03/2033 | 7569 | 7494 | 7513 |  |
| VICTORY BUYER LLC (dba Vantage Elevator)(5) | First lien senior secured loan | S + | 3.00% | —% | 02/2033 | 9151 | 9107 | 9146 |  |
| Watlow Electric Manufacturing Company(6) | First lien senior secured loan | S + | 3.00% | —% | 03/2028 | 2960 | 2970 | 2959 |  |
|  |  |  |  |  |  |  | 194765 | 194827 | 33.0% |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |  |
| Alkermes, Inc(5) | First lien senior secured loan | S + | 2.75% | —% | 08/2031 | 7592 | 7575 | 7644 |  |
| Amneal Pharmaceuticals LLC(5) | First lien senior secured loan | S + | 3.00% | —% | 08/2032 | 15267 | 15235 | 15305 |  |
| Biomarin Pharmaceutical(6) | First lien senior secured loan | S + | 1.75% | —% | 01/2033 | 8713 | 8693 | 8686 |  |
| Elanco Animal Health Incorporated(5) | First lien senior secured loan | S + | 1.75% | —% | 10/2032 | 6493 | 6448 | 6492 |  |
| Fortrea Holdings Inc.(6)(8) | First lien senior secured loan | S + | 3.50% | —% | 07/2030 | 1000 | 983 | 958 |  |
|  |  |  |  |  |  |  | 38934 | 39085 | 6.6% |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of March 31, 2026**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| **Professional services** | | | | | | | | | |
| AlixPartners, LLP(5) | First lien senior secured loan | S + | 2.00% | —% | 08/2032 | 10164 | 10140 | 10058 |  |
| Apex Group Treasury LLC(6) | First lien senior secured loan | S + | 3.50% | —% | 02/2032 | 22479 | 22324 | 20418 |  |
| API GROUP DE INC(5) | First lien senior secured loan | S + | 1.75% | —% | 01/2029 | 2840 | 2840 | 2835 |  |
| Camelot U.S. Acquisition 1 Co.(5) | First lien senior secured loan | S + | 2.75% | —% | 01/2031 | 2000 | 2005 | 1721 |  |
| Clearwater Analytics, LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 04/2032 | 4099 | 4099 | 4094 |  |
| Corporation Service Company(5) | First lien senior secured loan | S + | 2.00% | —% | 11/2029 | 4719 | 4719 | 4680 |  |
| Element Materials Technology(6) | First lien senior secured loan | S + | 3.50% | —% | 06/2029 | 2274 | 2274 | 2278 |  |
| Element Solutions, Inc.(5) | First lien senior secured loan | S + | 1.75% | —% | 12/2030 | 2449 | 2447 | 2449 |  |
| First Advantage Holdings LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 10/2031 | 6199 | 6167 | 6025 |  |
| Red Ventures, LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 03/2030 | 259 | 261 | 228 |  |
| Skopima Merger Sub Inc.(5) | First lien senior secured loan | S + | 3.75% | —% | 05/2028 | 4783 | 4783 | 3724 |  |
| Vistage International, Inc.(6) | First lien senior secured loan | S + | 3.75% | —% | 07/2029 | 9772 | 9772 | 9644 |  |
|  |  |  |  |  |  |  | 71831 | 68154 | 11.6% |
| **Telecommunications** |  |  |  |  |  |  |  |  |  |
| Charter Communications Operating LLC(6) | First lien senior secured loan | S + | 2.25% | —% | 12/2031 | 7900 | 7885 | 7895 |  |
| Cogeco Communications (USA) II L.P.(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2028 | 1301 | 1296 | 1238 |  |
| Eagle Broadband Investments, LLC (dba Mega Broadband Investments)(6) | First lien senior secured loan | S + | 3.00% | —% | 11/2027 | 10660 | 10631 | 10138 |  |
| Virgin Media Bristol LLC(7) | First lien senior secured loan | S + | 3.18% | —% | 03/2031 | 5018 | 4973 | 4563 |  |
|  |  |  |  |  |  |  | 24785 | 23834 | 4.0% |
| **Transportation** |  |  |  |  |  |  |  |  |  |
| AIT Worldwide Logistics Holdings, Inc.(6) | First lien senior secured loan | S + | 4.00% | —% | 04/2030 | 7900 | 7901 | 7906 |  |
| Echo Global Logistics, Inc.(5) | First lien senior secured loan | S + | 3.75% | —% | 11/2028 | 1239 | 1230 | 1213 |  |
| First Student Bidco Inc(6) | First lien senior secured loan | S + | 2.25% | —% | 08/2030 | 4271 | 4271 | 4255 |  |
| Genesee & Wyoming Inc.(6) | First lien senior secured loan | S + | 1.75% | —% | 04/2031 | 494 | 491 | 491 |  |
| KKR Apple Bidco, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2031 | 7965 | 7948 | 7965 |  |
| NA Rail Hold Co. LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 03/2032 | 3609 | 3609 | 3605 |  |
|  |  |  |  |  |  |  | 25450 | 25435 | 4.3% |
| **Total Misc.-debt commitments(9)** |  |  |  |  |  |  | (29) |  | —% |
| **Total Debt Investments** | **Total Debt Investments** |  |  |  |  |  | $2474449 | $2417836 | 410.0% |
| **Total Investments** |  |  |  |  |  |  | $2474449 | $2417836 | 410.0% |

---

<sup>(1)</sup> Unless otherwise indicated, Blue Owl Credit SLF's investments are pledged as collateral supporting the amounts outstanding under Blue Owl Credit SLF's Debt Facilities.

<sup>(2)</sup> The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

<sup>(3)</sup> Unless otherwise indicated, all investments are considered Level 2 investments.

<sup>(4)</sup> Unless otherwise indicated, loan contains a variable rate structure, which may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate ("SOFR" or "S") (which can include one-, three-, six- or twelve-month SOFR), at the borrower's option, and which reset periodically based on the terms of the loan agreement.

<sup>(5)</sup> The interest rate on these loans is subject to 1 month SOFR, which as of March 31, 2026 was 3.66%.

<sup>(6)</sup> The interest rate on these loans is subject to 3 month SOFR, which as of March 31, 2026 was 3.68%.

<sup>(7)</sup> The interest rate on these loans is subject to 6 month SOFR, which as of March 31, 2026 was 3.70%.

<sup>(8)</sup> Level 3 investment.

<sup>(9)</sup> Position or portion thereof is an unfunded loan commitment. See below for more information on the Company's unfunded commitments.

<sup>(10)</sup> Totals presented may differ than actuals due to rounding.

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of March 31, 2026**

**(Amounts in thousands)**

**Unfunded Commitments as of March 31, 2026:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded<br>Commitment** | **Commitment** | **Fair Value** |
| Chicago US MidCo III, LP | First lien senior secured delayed draw term loan | 10/12/2027 | $— | $2232 | $— |
| Citrin Cooperman Advisors LLC | First lien senior secured delayed draw term loan | 12/10/2027 |  | 1619 |  |
| Cohnreznick Advisory LLC | First lien senior secured delayed draw term loan | 3/31/2027 |  | 484 |  |
| First Eagle Holdings, Inc. | First lien senior secured delayed draw term loan | 6/6/2027 |  | 1777 |  |
| Kaman Corporation | First lien senior secured delayed draw term loan | 1/30/2027 |  | 830 |  |
| PMI (US) BIDCO, INC. | First lien senior secured delayed draw term loan | 2/6/2028 |  | 1892 |  |
| PINNACLE BUYER, LLC | First lien senior secured delayed draw term loan | 3/12/2027 |  | 3321 |  |
| Pye-Barker Fire & Safety, LLC | First lien senior secured delayed draw term loan | 12/31/2027 |  | 2542 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM) | First lien senior secured delayed draw term loan | 10/24/2026 |  | 841 |  |
| Savor Acquisition, Inc. (dba Sauer Brands) | First lien senior secured delayed draw term loan | 2/4/2027 |  | 496 |  |
| Signia Aerospace LLC | First lien senior secured delayed draw term loan | 11/22/2026 |  | 600 |  |
| **Total Portfolio Company Commitments** | **Total Portfolio Company Commitments** |  | $— | $16634 | $— |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of December 31, 2025**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| **Debt Investments** | | | | | | | | | |
| **Advertising and media** | | | | | | | | | |
| Outfront Media Capital LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 09/2032 | $3900 | $3895 | $3909 |  |
| Project Boost Purchaser, LLC (dba J.D. Power)(6) | First lien senior secured loan | S + | 2.75% | —% | 07/2031 | 19205 | 19210 | 19245 |  |
|  |  |  |  |  |  |  | 23105 | 23154 | 3.8% |
| **Aerospace and defense** |  |  |  |  |  |  |  |  |  |
| Amentum Government Services Holdings LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 09/2031 | 3408 | 3402 | 3414 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 1.75% | —% | 01/2027 | 658 | 656 | 657 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 2.25% | —% | 02/2028 | 360 | 357 | 361 |  |
| American Airlines, Inc.(6) | First lien senior secured loan | S + | 3.25% | —% | 05/2032 | 3805 | 3768 | 3822 |  |
| Arcline FM Holdings LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 06/2030 | 8321 | 8320 | 8344 |  |
| Avolon TLB Borrower 1 (US) LLC(5) | First lien senior secured loan | S + | 1.75% | —% | 06/2030 | 11315 | 11311 | 11375 |  |
| Bleriot US Bidco Inc.(6) | First lien senior secured loan | S + | 2.50% | —% | 10/2030 | 21844 | 21844 | 21945 |  |
| Brown Group Holdings, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 07/2031 | 497 | 497 | 500 |  |
| Brown Group Holdings, LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 07/2031 | 9983 | 9983 | 10028 |  |
| Dynasty Acquisition Co., Inc. (dba StandardAero Limited)(5) | First lien senior secured loan | S + | 2.00% | —% | 10/2031 | 10395 | 10389 | 10429 |  |
| Kaman Corporation(6) | First lien senior secured loan | S + | 2.50% | —% | 02/2032 | 10886 | 10876 | 10923 |  |
| KBR, Inc(5) | First lien senior secured loan | S + | 2.00% | —% | 01/2031 | 990 | 993 | 994 |  |
| Propulsion (BC) Finco S.A.R.L.(6) | First lien senior secured loan | S + | 2.50% | —% | 12/2032 | 6857 | 6840 | 6887 |  |
| Signia Aerospace LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 12/2031 | 12308 | 12309 | 12339 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.25% | —% | 03/2030 | 496 | 496 | 498 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 01/2032 | 9875 | 9855 | 9912 |  |
| Transdigm Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 08/2032 | 9589 | 9565 | 9627 |  |
| United Airlines, Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 02/2031 | 990 | 990 | 993 |  |
|  |  |  |  |  |  |  | 122451 | 123048 | 20.0% |
| **Automotive services** |  |  |  |  |  |  |  |  |  |
| Belron Finance US LLC(6) | First lien senior secured loan | S + | 2.25% | —% | 10/2031 | 7900 | 7900 | 7940 |  |
| Mavis Tire Express Services Topco Corp.(5) | First lien senior secured loan | S + | 3.00% | —% | 05/2028 | 2845 | 2845 | 2854 |  |
| Mister Car Wash Holdings, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 03/2031 | 682 | 683 | 684 |  |
| VALVOLINE INC(5) | First lien senior secured loan | S + | 2.00% | —% | 12/2032 | 3419 | 3402 | 3438 |  |
| Wand Newco 3, Inc. (dba Caliber)(5) | First lien senior secured loan | S + | 2.50% | —% | 01/2031 | 4696 | 4696 | 4698 |  |
|  |  |  |  |  |  |  | 19526 | 19614 | 3.2% |
| **Buildings and real estate** |  |  |  |  |  |  |  |  |  |
| American Residential Services, LLC(6)(8) | First lien senior secured loan | S + | 2.75% | —% | 02/2032 | 7190 | 7171 | 7208 |  |
| ARCOSA INC(5) | First lien senior secured loan | S + | 2.00% | —% | 10/2031 | 2299 | 2299 | 2308 |  |
| Beacon Roofing Supply, Inc. (dba QXO)(5) | First lien senior secured loan | S + | 2.00% | —% | 04/2032 | 1980 | 1976 | 1992 |  |
| Construction Partners, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 11/2031 | 425 | 425 | 427 |  |
| Cushman & Wakefield U.S. Borrower, LLC(5)(8) | First lien senior secured loan | S + | 2.75% | —% | 01/2030 | 2752 | 2724 | 2763 |  |
| Hunter Douglas Inc(6) | First lien senior secured loan | S + | 3.00% | —% | 01/2032 | 1327 | 1324 | 1332 |  |
| Knife River Corporation(6) | First lien senior secured loan | S + | 2.00% | —% | 03/2032 | 1451 | 1451 | 1451 |  |
| MIWD Holdco II LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 03/2031 | 10426 | 10276 | 10476 |  |
| Park River Holdings Inc(6) | First lien senior secured loan | S + | 4.50% | —% | 03/2031 | 10254 | 10254 | 10278 |  |
| Quikrete Holdings, Inc.(5) | First lien senior secured loan | S + | 2.25% | —% | 03/2029 | 496 | 493 | 498 |  |
| Quikrete Holdings, Inc.(5) | First lien senior secured loan | S + | 2.25% | —% | 02/2032 | 7387 | 7373 | 7408 |  |
| Starwood Property Mortgage, L.L.C.(5)(8) | First lien senior secured loan | S + | 1.75% | —% | 11/2027 | 1785 | 1781 | 1781 |  |
| Starwood Property Mortgage, L.L.C.(5) | First lien senior secured loan | S + | 2.25% | —% | 09/2032 | 3868 | 3863 | 3878 |  |
|  |  |  |  |  |  |  | 51410 | 51800 | 8.4% |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of December 31, 2025**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| **Business services** | | | | | | | | | |
| Boxer Parent Company Inc. (f/k/a BMC)(6) | First lien senior secured loan | S + | 3.00% | —% | 07/2031 | 18750 | 18592 | 18686 |  |
| BrightView Landscapes, LLC(6)(8) | First lien senior secured loan | S + | 2.00% | —% | 04/2029 | 4500 | 4508 | 4500 |  |
| CCC Intelligent Solutions Inc(5) | First lien senior secured loan | S + | 2.00% | —% | 01/2032 | 759 | 759 | 761 |  |
| ConnectWise, LLC(6) | First lien senior secured loan | S + | 3.50% | —% | 09/2028 | 10625 | 10631 | 10419 |  |
| CoolSys, Inc.(6) | First lien senior secured loan | S + | 4.75% | —% | 08/2028 | 14807 | 14644 | 13087 |  |
| IDEMIA Group SAS(6) | First lien senior secured loan | S + | 4.25% | —% | 09/2028 | 2774 | 2793 | 2788 |  |
| IGT Holding IV AB (dba IFS)(6)(8) | First lien senior secured loan | S + | 3.00% | —% | 09/2031 | 1290 | 1290 | 1297 |  |
| Kaseya Inc.(5) | First lien senior secured loan | S + | 3.00% | —% | 03/2032 | 12473 | 12432 | 12474 |  |
| Madison Safety & Flow LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2031 | 2068 | 2068 | 2080 |  |
| MKS Instruments, Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 08/2029 | 216 | 217 | 217 |  |
| NVENT ELEC PUB LTD CO (dba Nvent Thermal LLC)(5) | First lien senior secured loan | S + | 3.00% | —% | 01/2032 | 13965 | 13904 | 14047 |  |
| Ping Identity Holding Corp.(6) | First lien senior secured loan | S + | 2.75% | —% | 11/2032 | 12331 | 12301 | 12347 |  |
| PINNACLE BUYER, LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 10/2032 | 17228 | 17185 | 17281 |  |
| Plano HoldCo, Inc. (dba Perficient)(6)(8) | First lien senior secured loan | S + | 3.50% | —% | 10/2031 | 5955 | 5933 | 5761 |  |
| Plusgrade Inc.(5) | First lien senior secured loan | S + | 3.50% | —% | 03/2031 | 9259 | 9260 | 9259 |  |
| Pye-Barker Fire & Safety, LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 12/2032 | 17013 | 16929 | 17112 |  |
| Red Planet Borrower, LLC (dba Liftoff Mobile)(5) | First lien senior secured loan | S + | 4.00% | —% | 08/2032 | 16232 | 16074 | 16246 |  |
| Shift4 Payments, LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 06/2032 | 8611 | 8611 | 8655 |  |
| Tecta America Corp.(5) | First lien senior secured loan | S + | 2.75% | —% | 02/2032 | 23200 | 23198 | 23267 |  |
| Vestis Corp(6) | First lien senior secured loan | S + | 2.25% | —% | 02/2031 | 1026 | 987 | 936 |  |
| VM Consolidated, Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 10/2032 | 3273 | 3266 | 3294 |  |
| XPLOR T1, LLC(6)(8) | First lien senior secured loan | S + | 3.50% | —% | 12/2032 | 24745 | 24649 | 24745 |  |
|  |  |  |  |  |  |  | 220231 | 219259 | 35.7% |
| **Chemicals** |  |  |  |  |  |  |  |  |  |
| Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(5)(8) | First lien senior secured loan | S + | 4.00% | —% | 11/2027 | 17331 | 17331 | 15772 |  |
| Axalta Coating Systems US Holdings INC(6) | First lien senior secured loan | S + | 1.75% | —% | 12/2029 | 867 | 867 | 868 |  |
| Derby Buyer LLC (dba Delrin)(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2030 | 9826 | 9826 | 9849 |  |
| Entegris, Inc.(5) | First lien senior secured loan | S + | 1.75% | —% | 07/2029 | 600 | 602 | 603 |  |
| FORMULATIONS PARENT CORPORATION (dba Chase Corporation)(6) | First lien senior secured loan | S + | 4.00% | —% | 04/2032 | 2353 | 2331 | 2345 |  |
| Ineos US Finance LLC(5) | First lien senior secured loan | S + | 3.25% | —% | 02/2030 | 3960 | 3888 | 3193 |  |
| MSOF BEACON LLC(5)(8) | First lien senior secured loan | S + | 3.00% | —% | 12/2032 | 10263 | 10195 | 10255 |  |
| Nouryon Finance B.V.(7) | First lien senior secured loan | S + | 3.25% | —% | 04/2028 | 11937 | 11907 | 11996 |  |
| Windsor Holdings III LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 08/2030 | 6942 | 6760 | 6952 |  |
|  |  |  |  |  |  |  | 63707 | 61833 | 10.1% |
| **Consumer products** |  |  |  |  |  |  |  |  |  |
| ACP Tara Holdings, Inc. (dba Arcadia)(6)(8) | First lien senior secured loan | S + | 3.25% | —% | 12/2032 | 15554 | 15516 | 15631 |  |
| ASGN Incorporated(5) | First lien senior secured loan | S + | 1.75% | —% | 08/2030 | 495 | 500 | 497 |  |
| BEP Intermediate Holdco, LLC (dba Buyers Edge Platform)(5)(8) | First lien senior secured loan | S + | 2.75% | —% | 04/2031 | 7331 | 7331 | 7386 |  |
| HomeServe USA Holding Corp.(5) | First lien senior secured loan | S + | 2.00% | —% | 10/2030 | 3975 | 3962 | 3977 |  |
| Novelis Inc(6) | First lien senior secured loan | S + | 1.75% | —% | 03/2032 | 4609 | 4609 | 4624 |  |
|  |  |  |  |  |  |  | 31918 | 32115 | 5.2% |
| **Containers and packaging** |  |  |  |  |  |  |  |  |  |
| Berlin Packaging(5) | First lien senior secured loan | S + | 3.25% | —% | 06/2031 | 7501 | 7484 | 7515 |  |
| Charter NEX US, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 11/2030 | 4216 | 4214 | 4222 |  |
| Clydesdale Acquisition Holdings, Inc. (dba Novolex)(5) | First lien senior secured loan | S + | 3.25% | —% | 03/2032 | 14405 | 14305 | 14386 |  |
| Plastipak Holdings Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2032 | 22507 | 22398 | 22555 |  |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of December 31, 2025**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| Pregis Topco LLC(5) | First lien senior secured loan | S + | 4.00% | —% | 02/2029 | 4861 | 4851 | 4899 |  |
| ProAmpac PG Borrower LLC(6) | First lien senior secured loan | S + | 4.00% | —% | 09/2028 | 8194 | 8181 | 8199 |  |
| Ring Container Technologies Group, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2032 | 17077 | 17034 | 17116 |  |
| SupplyOne, Inc.(5) | First lien senior secured loan | S + | 3.50% | —% | 04/2031 | 16175 | 16166 | 16197 |  |
| Tricorbraun Holdings, Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 03/2028 | 20659 | 20484 | 19949 |  |
|  |  |  |  |  |  |  | 115117 | 115038 | 18.7% |
| **Distribution** |  |  |  |  |  |  |  |  |  |
| AI Aqua Merger Sub, Inc. (dba Culligan)(6) | First lien senior secured loan | S + | 3.00% | —% | 07/2028 | 11718 | 11593 | 11739 |  |
| Avient Corporation(6) | First lien senior secured loan | S + | 1.75% | —% | 08/2029 | 3385 | 3399 | 3404 |  |
| BCPE Empire Holdings, Inc. (dba Imperial-Dade)(5) | First lien senior secured loan | S + | 3.25% | —% | 12/2030 | 17820 | 17820 | 17604 |  |
| BradyPLUS Holdings, LLC (f/k/a BradyIFS Holdings, LLC)(6) | First lien senior secured loan | S + | 3.50% | —% | 12/2030 | 24002 | 23637 | 23717 |  |
| Paint Intermediate III LLC (dba Wesco Group)(6) | First lien senior secured loan | S + | 3.00% | —% | 10/2031 | 20091 | 20019 | 20168 |  |
| White Cap Supply Holdings, LLC(5) | First lien senior secured loan | S + | 3.25% | —% | 10/2029 | 2897 | 2886 | 2908 |  |
|  |  |  |  |  |  |  | 79354 | 79540 | 13.0% |
| **Education** |  |  |  |  |  |  |  |  |  |
| Ellucian Holdings Inc. (f/k/a Sophia, L.P.)(5) | First lien senior secured loan | S + | 2.75% | —% | 10/2029 | 9738 | 9738 | 9786 |  |
| Renaissance Learning, Inc.(5) | First lien senior secured loan | S + | 4.00% | —% | 04/2030 | 5137 | 4974 | 4475 |  |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)(6) | First lien senior secured loan | S + | 3.25% | —% | 10/2030 | 13847 | 13846 | 13905 |  |
|  |  |  |  |  |  |  | 28558 | 28166 | 4.6% |
| **Energy equipment and services** |  |  |  |  |  |  |  |  |  |
| AZZ Inc.(5) | First lien senior secured loan | S + | 1.75% | —% | 05/2029 | 2599 | 2610 | 2605 |  |
| Brookfield WEC Holdings Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 01/2031 | 4045 | 4045 | 4050 |  |
| Calpine Construction Finance Company(5) | First lien senior secured loan | S + | 1.75% | —% | 07/2030 | 3000 | 3000 | 3002 |  |
| Calpine Corporation(5) | First lien senior secured loan | S + | 1.75% | —% | 01/2031 | 1500 | 1499 | 1500 |  |
| Calpine Corporation(5) | First lien senior secured loan | S + | 1.75% | —% | 02/2032 | 4000 | 3990 | 3998 |  |
| Centuri Group, Inc(5) | First lien senior secured loan | S + | 2.25% | —% | 07/2032 | 4826 | 4826 | 4840 |  |
| Fleet U.S. Bidco Inc.(7)(8) | First lien senior secured loan | S + | 2.75% | —% | 02/2031 | 19758 | 19760 | 19808 |  |
|  |  |  |  |  |  |  | 39730 | 39803 | 6.5% |
| **Financial services** |  |  |  |  |  |  |  |  |  |
| AllSpring Buyer(6) | First lien senior secured loan | S + | 3.00% | —% | 11/2030 | 1910 | 1906 | 1919 |  |
| Ascensus Holdings, Inc.(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2032 | 7895 | 7876 | 7882 |  |
| BCPE Pequod Buyer, Inc. (dba Envestnet)(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2031 | 18309 | 18287 | 18338 |  |
| Boost Newco Borrower, LLC (dba WorldPay)(6) | First lien senior secured loan | S + | 2.00% | —% | 01/2031 | 6948 | 6835 | 6952 |  |
| Chrysaor Bidco s.à r.l. (dba AlterDomus)(6) | First lien senior secured loan | S + | 3.25% | —% | 10/2031 | 6610 | 6603 | 6651 |  |
| Citadel Securities, LP(6) | First lien senior secured loan | S + | 2.00% | —% | 10/2031 | 7033 | 7033 | 7067 |  |
| Citco Funding LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 04/2028 | 1980 | 1988 | 1992 |  |
| Citrin Cooperman Advisors LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 04/2032 | 6734 | 6708 | 6751 |  |
| Cohnreznick Advisory LLC(6) | First lien senior secured loan | S + | 3.50% | —% | 03/2032 | 6343 | 6319 | 6362 |  |
| Creative Planning, LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 05/2031 | 7644 | 7592 | 7658 |  |
| EP Wealth Advisors, LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 10/2032 | 3993 | 3983 | 4003 |  |
| First Eagle Holdings, Inc.(6) | First lien senior secured loan | S + | 3.50% | —% | 08/2032 | 9144 | 9003 | 9125 |  |
| Focus Financial Partners, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2031 | 14196 | 14191 | 14215 |  |
| Grant Thornton Advisors LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 06/2031 | 3282 | 3261 | 3285 |  |
| Grant Thornton Advisors LLC(5) | First lien senior secured loan | S + | 3.00% | —% | 06/2031 | 2245 | 2219 | 2252 |  |
| Guggenheim Partners Investment Management Holdings, LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 11/2031 | 5940 | 5928 | 5960 |  |
| Kestra Advisor Services Holdings A, Inc.(5) | First lien senior secured loan | S + | 3.00% | —% | 03/2031 | 5400 | 5401 | 5406 |  |
| MARINER WEALTH ADVISORS, LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 12/2030 | 4891 | 4891 | 4913 |  |
| OneDigital Borrower LLC(5) | First lien senior secured loan | S + | 3.00% | —% | 07/2031 | 15464 | 15464 | 15469 |  |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of December 31, 2025**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| Orion Advisor Solutions Inc(6) | First lien senior secured loan | S + | 3.25% | —% | 09/2030 | 10487 | 10487 | 10500 |  |
| Orion US Finco Inc. (dba OSTTRA)(5) | First lien senior secured loan | S + | 3.50% | —% | 05/2032 | 8767 | 8767 | 8818 |  |
| PPI Holding US INC. (dba Nuvei)(5) | First lien senior secured loan | S + | 2.50% | —% | 11/2031 | 3095 | 3082 | 3108 |  |
| Pushpay USA Inc(7)(8) | First lien senior secured loan | S + | 3.75% | —% | 08/2031 | 5758 | 5757 | 5729 |  |
| Saphilux S.a.r.L. (dba IQ-EQ)(7) | First lien senior secured loan | S + | 3.00% | —% | 07/2028 | 19474 | 19474 | 19583 |  |
| TMF Sapphire Bidco B.V.(6) | First lien senior secured loan | S + | 2.75% | —% | 05/2028 | 2231 | 2229 | 2241 |  |
| Victory Capital Holdings Inc(6) | First lien senior secured loan | S + | 2.00% | —% | 09/2032 | 7090 | 7082 | 7121 |  |
|  |  |  |  |  |  |  | 192366 | 193300 | 31.5% |
| **Food and beverage** |  |  |  |  |  |  |  |  |  |
| 1011778 BC / NEW RED FIN (dba Restaurant Brands)(5) | First lien senior secured loan | S + | 1.75% | —% | 09/2030 | 1898 | 1890 | 1898 |  |
| Aramark Services, Inc.(5) | First lien senior secured loan | S + | 1.75% | —% | 06/2030 | 5949 | 5949 | 5962 |  |
| Aspire Bakeries Holdings, LLC(5) | First lien senior secured loan | S + | 3.50% | —% | 12/2030 | 4208 | 4208 | 4221 |  |
| Balrog Acquisition, Inc. (dba Bakemark)(5) | First lien senior secured loan | S + | 4.00% | —% | 09/2028 | 15051 | 15082 | 12455 |  |
| Chobani LLC(5) | First lien senior secured loan | S + | 2.25% | —% | 10/2032 | 8802 | 8802 | 8837 |  |
| Fiesta Purchaser, Inc. (dba Shearer's Foods)(5) | First lien senior secured loan | S + | 2.75% | —% | 02/2031 | 14288 | 14288 | 14268 |  |
| FRONERI US INC(7) | First lien senior secured loan | S + | 2.25% | —% | 09/2031 | 3970 | 3962 | 3966 |  |
| FRONERI US INC(6) | First lien senior secured loan | S + | 2.25% | —% | 09/2032 | 14416 | 14384 | 14410 |  |
| IRB Holding Corp (dba Inspire Brands, Inc.)(5) | First lien senior secured loan | S + | 2.50% | —% | 12/2030 | 14157 | 14157 | 14184 |  |
| Pegasus BidCo B.V.(6) | First lien senior secured loan | S + | 2.75% | —% | 07/2029 | 7438 | 7437 | 7447 |  |
| Raising Cane's Restaurants, LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 11/2032 | 13496 | 13463 | 13521 |  |
| Red SPV, LLC(5) | First lien senior secured loan | S + | 2.25% | —% | 03/2032 | 9476 | 9433 | 9472 |  |
| Savor Acquisition, Inc. (dba Sauer Brands)(6) | First lien senior secured loan | S + | 3.00% | —% | 02/2032 | 5522 | 5502 | 5540 |  |
| Simply Good Foods USA, Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 03/2030 | 6853 | 6819 | 6875 |  |
| Snacking Investments US LLC (dba Arnott's Group)(6) | First lien senior secured loan | S + | 3.00% | —% | 10/2032 | 7382 | 7364 | 7419 |  |
| Utz Quality Foods, LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 01/2032 | 2550 | 2550 | 2560 |  |
| Whatabrands LLC (dba Whataburger Restaurants LLC)(5) | First lien senior secured loan | S + | 2.50% | —% | 08/2028 | 7361 | 7327 | 7379 |  |
|  |  |  |  |  |  |  | 142617 | 140414 | 22.9% |
| **Healthcare equipment and services** |  |  |  |  |  |  |  |  |  |
| Agiliti Health(6) | First lien senior secured loan | S + | 3.00% | —% | 05/2030 | 990 | 963 | 968 |  |
| ARGENT FINCO LLC(6)(8) | First lien senior secured loan | S + | 3.00% | —% | 11/2032 | 4571 | 4560 | 4594 |  |
| Azalea TopCo, Inc. (dba Press Ganey)(5) | First lien senior secured loan | S + | 3.00% | —% | 04/2031 | 6377 | 6382 | 6385 |  |
| Confluent Medical Technologies, Inc.(6)(8) | First lien senior secured loan | S + | 3.00% | —% | 02/2029 | 9714 | 9714 | 9763 |  |
| Curium BidCo S.A.R.L (dba Curium Pharma)(6) | First lien senior secured loan | S + | 3.00% | —% | 08/2031 | 9685 | 9640 | 9766 |  |
| Global Medical Response, Inc.(6) | First lien senior secured loan | S + | 3.50% | —% | 10/2032 | 12642 | 12611 | 12714 |  |
| LUMEXA IMAGING INC(6)(8) | First lien senior secured loan | S + | 3.00% | —% | 12/2032 | 5333 | 5320 | 5360 |  |
| Medline Borrower, LP(5) | First lien senior secured loan | S + | 1.75% | —% | 10/2030 | 15405 | 15388 | 15455 |  |
| NSM Top Holdings Corp. (dba National Seating & Mobility)(6)(8) | First lien senior secured loan | S + | 4.25% | —% | 05/2029 | 10802 | 10775 | 10829 |  |
| Resonetics, LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 06/2031 | 15296 | 15296 | 15312 |  |
| Sharp Services, LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 09/2032 | 2217 | 2206 | 2222 |  |
| Zest Acquisition Corp.(6)(8) | First lien senior secured loan | S + | 5.25% | —% | 02/2028 | 990 | 995 | 968 |  |
|  |  |  |  |  |  |  | 93850 | 94336 | 15.4% |
| **Healthcare providers and services** |  |  |  |  |  |  |  |  |  |
| CHG Healthcare Services, Inc.(6) | First lien senior secured loan | S + | 2.75% | —% | 09/2028 | 3216 | 3217 | 3230 |  |
| CHG PPC Parent LLC(5)(8) | First lien senior secured loan | S + | 3.00% | —% | 12/2028 | 4193 | 4181 | 4203 |  |
| Concentra(5) | First lien senior secured loan | S + | 2.00% | —% | 07/2031 | 1489 | 1495 | 1498 |  |
| Confluent Health, LLC(5)(8) | First lien senior secured loan | S + | 4.00% | —% | 11/2028 | 13346 | 13172 | 11811 |  |
| Covetrus, Inc.(6)(8) | First lien senior secured loan | S + | 5.00% | —% | 10/2029 | 15976 | 15369 | 14857 |  |
| Electron Bidco Inc (dba ExamWorks)(5) | First lien senior secured loan | S + | 2.50% | —% | 11/2028 | 1985 | 1985 | 1994 |  |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of December 31, 2025**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| Inizio Group Limited (dba UDG Healthcare)(6)(8) | First lien senior secured loan | S + | 4.25% | —% | 08/2028 | 3080 | 3033 | 2995 |  |
| LSCS Holdings, Inc.(6) | First lien senior secured loan | S + | 4.50% | —% | 03/2032 | 12899 | 12837 | 12614 |  |
| Onex TSG Intermediate Corporation(6) | First lien senior secured loan | S + | 3.75% | —% | 08/2032 | 7263 | 7227 | 7299 |  |
| Option Care Health, Inc(5) | First lien senior secured loan | S + | 1.75% | —% | 09/2032 | 3105 | 3098 | 3120 |  |
| Pacific Dental Services, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 03/2031 | 4768 | 4768 | 4784 |  |
| Phoenix Guarantor Inc(5) | First lien senior secured loan | S + | 2.50% | —% | 02/2031 | 742 | 742 | 746 |  |
| Phoenix Newco, Inc. (dba Parexel)(5) | First lien senior secured loan | S + | 2.75% | —% | 12/2031 | 32066 | 31986 | 32152 |  |
| Select Medical Corp.(5) | First lien senior secured loan | S + | 2.00% | —% | 12/2031 | 3565 | 3563 | 3556 |  |
| Soliant Lower Intermediate, LLC (dba Soliant)(7) | First lien senior secured loan | S + | 3.75% | —% | 07/2031 | 9587 | 9652 | 7694 |  |
| Surgery Center Holdings, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 12/2030 | 3664 | 3655 | 3676 |  |
| WCG Intermediate Corp. (f/k/a Da Vinci Purchaser Corp.) (dba WCG)(5) | First lien senior secured loan | S + | 3.00% | —% | 02/2032 | 7458 | 7425 | 7468 |  |
|  |  |  |  |  |  |  | 127405 | 123697 | 20.1% |
| **Healthcare technology** |  |  |  |  |  |  |  |  |  |
| Athenahealth Group Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 02/2029 | 12304 | 12299 | 12316 |  |
| Certara(5)(8) | First lien senior secured loan | S + | 2.75% | —% | 06/2031 | 495 | 495 | 499 |  |
| Cotiviti, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 03/2032 | 4441 | 4399 | 4255 |  |
| Cotiviti, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 05/2031 | 5467 | 5431 | 5244 |  |
| Ensemble RCM, LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 08/2029 | 11446 | 11425 | 11495 |  |
| Imprivata, Inc.(6) | First lien senior secured loan | S + | 3.00% | —% | 12/2027 | 15014 | 15014 | 15059 |  |
| IQVIA, Inc.(6) | First lien senior secured loan | S + | 1.75% | —% | 01/2031 | 1985 | 1993 | 1996 |  |
| PointClickCare Technologies, Inc.(6) | First lien senior secured loan | S + | 2.75% | —% | 11/2031 | 16833 | 16833 | 16840 |  |
| Project Ruby Ultimate Parent Corp. (dba Wellsky)(5) | First lien senior secured loan | S + | 2.75% | —% | 03/2028 | 11785 | 11786 | 11812 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM)(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2031 | 994 | 998 | 997 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM)(6) | First lien senior secured loan | S + | 2.25% | —% | 04/2031 | 6980 | 6951 | 7000 |  |
| Southern Veterinary Partners, LLC(6) | First lien senior secured loan | S + | 2.50% | —% | 12/2031 | 25170 | 25170 | 25130 |  |
| Waystar Technologies, Inc. (F/K/A Navicure, Inc.)(5)(8) | First lien senior secured loan | S + | 2.00% | —% | 10/2029 | 4728 | 4728 | 4752 |  |
| Zelis Cost Management Buyer, Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 11/2031 | 11459 | 11412 | 11360 |  |
|  |  |  |  |  |  |  | 128934 | 128755 | 21.0% |
| **Household products** |  |  |  |  |  |  |  |  |  |
| Energizer Holdings, Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 03/2032 | 890 | 888 | 890 |  |
| Samsonite International S.A.(5) | First lien senior secured loan | S + | 1.75% | —% | 10/2032 | 2980 | 2965 | 2989 |  |
|  |  |  |  |  |  |  | 3853 | 3879 | 0.6% |
| **Human resource support services** |  |  |  |  |  |  |  |  |  |
| AQ Carver Buyer, Inc. (dba CoAdvantage)(6) | First lien senior secured loan | S + | 5.50% | —% | 08/2029 | 1980 | 1986 | 1878 |  |
| Dawn Bidco, LLC (dba Dayforce)(5) | First lien senior secured loan | S + | 3.00% | —% | 10/2032 | 21518 | 21464 | 21441 |  |
| iSolved, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 10/2030 | 16572 | 16569 | 16598 |  |
| UKG Inc. (dba Ultimate Software)(6) | First lien senior secured loan | S + | 2.50% | —% | 02/2031 | 17355 | 17356 | 17362 |  |
|  |  |  |  |  |  |  | 57375 | 57279 | 9.3% |
| **Infrastructure and environmental services** |  |  |  |  |  |  |  |  |  |
| ASP Acuren Holdings, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 07/2031 | 8457 | 8457 | 8491 |  |
| Clean Harbors Inc(5) | First lien senior secured loan | S + | 1.50% | —% | 09/2032 | 3022 | 3022 | 3047 |  |
| Geosyntec Consultants, Inc.(5)(8) | First lien senior secured loan | S + | 3.00% | —% | 07/2031 | 10431 | 10431 | 10484 |  |
| GFL Environmental Services Inc.(6) | First lien senior secured loan | S + | 2.50% | —% | 03/2032 | 5512 | 5510 | 5529 |  |
|  |  |  |  |  |  |  | 27420 | 27551 | 4.5% |
| **Insurance** |  |  |  |  |  |  |  |  |  |
| Acrisure, LLC(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2030 | 7924 | 7924 | 7909 |  |
| Acrisure, LLC(5) | First lien senior secured loan | S + | 3.25% | —% | 06/2032 | 1923 | 1918 | 1922 |  |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of December 31, 2025**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| Alera Group, Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 05/2032 | 17279 | 17197 | 17353 |  |
| Alliant Holdings Intermediate LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2031 | 5971 | 5971 | 5983 |  |
| AmWINS Group, Inc.(5) | First lien senior secured loan | S + | 2.25% | —% | 01/2032 | 16002 | 15932 | 16042 |  |
| Ardonagh Midco 3 PLC(6) | First lien senior secured loan | S + | 2.75% | —% | 02/2031 | 11071 | 11042 | 11036 |  |
| Asurion, LLC(5) | First lien senior secured loan | S + | 4.25% | —% | 08/2028 | 7712 | 7690 | 7722 |  |
| Baldwin Insurance Group Holdings LLC (dba The Baldwin Group)(6) | First lien senior secured loan | S + | 2.50% | —% | 05/2031 | 6857 | 6823 | 6835 |  |
| Broadstreet Partners, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 06/2031 | 10890 | 10890 | 10922 |  |
| CFC USA 2025 LLC (dba CFC Insurance)(6) | First lien senior secured loan | S + | 3.75% | —% | 07/2032 | 6419 | 6357 | 6235 |  |
| Hub International(6) | First lien senior secured loan | S + | 2.25% | —% | 06/2030 | 3476 | 3476 | 3492 |  |
| Hyperion Refinance S.à r.l (dba Howden Group)(5) | First lien senior secured loan | S + | 2.75% | —% | 04/2030 | 18736 | 18735 | 18771 |  |
| Hyperion Refinance S.à r.l (dba Howden Group)(5) | First lien senior secured loan | S + | 2.75% | —% | 02/2031 | 3515 | 3515 | 3520 |  |
| IMA Financial Group, Inc.(5) | First lien senior secured loan | S + | 3.00% | —% | 11/2028 | 8383 | 8362 | 8397 |  |
| Mitchell International, Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 06/2031 | 8379 | 8343 | 8401 |  |
| Ryan Specialty Group LLC(5) | First lien senior secured loan | S + | 2.00% | —% | 09/2031 | 745 | 749 | 745 |  |
| Summit Acquisition Inc. (dba K2 Insurance Services)(5)(8) | First lien senior secured loan | S + | 3.50% | —% | 10/2031 | 3737 | 3737 | 3756 |  |
| The Liberty Company Insurance Brokers, LLC(6)(8) | First lien senior secured loan | S + | 3.75% | —% | 10/2032 | 4437 | 4415 | 4448 |  |
| Trucordia Insurance Holdings, LLC(5)(8) | First lien senior secured loan | S + | 3.25% | —% | 06/2032 | 24938 | 24877 | 24750 |  |
| Truist Insurance Holdings, LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 05/2031 | 7673 | 7670 | 7676 |  |
| USI, Inc.(6) | First lien senior secured loan | S + | 2.25% | —% | 09/2030 | 1012 | 1012 | 1014 |  |
|  |  |  |  |  |  |  | 176635 | 176929 | 28.8% |
| **Internet software and services** |  |  |  |  |  |  |  |  |  |
| Avalara, Inc.(6) | First lien senior secured loan | S + | 2.75% | —% | 03/2032 | 14118 | 14119 | 14169 |  |
| Cloud Software Group, Inc.(6) | First lien senior secured loan | S + | 3.25% | —% | 03/2031 | 4963 | 4963 | 4967 |  |
| Cloud Software Group, Inc.(6) | First lien senior secured loan | S + | 3.25% | —% | 08/2032 | 8784 | 8784 | 8789 |  |
| Clover Holdings 2, LLC (dba Cohesity)(5) | First lien senior secured loan | S + | 3.96% | —% | 12/2031 | 19545 | 19344 | 19527 |  |
| Dayforce Inc(6)(8) | First lien senior secured loan | S + | 2.00% | —% | 03/2031 | 1980 | 1981 | 1973 |  |
| Delta TopCo, Inc. (dba Infoblox, Inc.)(5) | First lien senior secured loan | S + | 2.75% | —% | 11/2029 | 21787 | 21651 | 21658 |  |
| Epicor(5) | First lien senior secured loan | S + | 2.50% | —% | 05/2031 | 742 | 745 | 744 |  |
| Gen Digital Inc(5) | First lien senior secured loan | S + | 1.75% | —% | 04/2032 | 3308 | 3292 | 3310 |  |
| Genesys Cloud Services, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 01/2032 | 14123 | 14093 | 14079 |  |
| Javelin Buyer, Inc. (dba JAGGAER)(6) | First lien senior secured loan | S + | 2.75% | —% | 12/2031 | 2729 | 2729 | 2736 |  |
| KnowBe4, Inc.(6) | First lien senior secured loan | S + | 3.75% | —% | 07/2032 | 15707 | 15696 | 15698 |  |
| McAfee Corp.(5) | First lien senior secured loan | S + | 3.00% | —% | 03/2029 | 4245 | 4227 | 3904 |  |
| Project Alpha Intermediate Holding, Inc. (dba Qlik)(6) | First lien senior secured loan | S + | 3.25% | —% | 10/2030 | 7089 | 7072 | 7073 |  |
| Proofpoint, Inc.(6) | First lien senior secured loan | S + | 3.00% | —% | 08/2028 | 20703 | 20606 | 20790 |  |
| Quartz Acquireco, LLC (dba Qualtrics)(6)(8) | First lien senior secured loan | S + | 2.25% | —% | 06/2030 | 495 | 494 | 494 |  |
| Sedgwick Claims Management Services, Inc.(5) | First lien senior secured loan | S + | 2.50% | —% | 07/2031 | 21727 | 21720 | 21790 |  |
| SONICWALL US Holdings, Inc.(6) | First lien senior secured loan | S + | 5.00% | —% | 05/2028 | 2972 | 2956 | 1899 |  |
| Sophos Holdings, LLC(5) | First lien senior secured loan | S + | 3.50% | —% | 03/2027 | 11823 | 11811 | 11821 |  |
| SS&C(5) | First lien senior secured loan | S + | 2.00% | —% | 05/2031 | 8024 | 8033 | 8068 |  |
| Starlight Parent, LLC (dba SolarWinds)(6) | First lien senior secured loan | S + | 4.00% | —% | 04/2032 | 9297 | 9039 | 9274 |  |
| Storable, Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 04/2031 | 11584 | 11581 | 11628 |  |
| UST Holdings, Ltd.(5)(8) | First lien senior secured loan | S + | 3.00% | —% | 11/2028 | 5928 | 5938 | 5943 |  |
| VERDE PURCHASER LLC (dba Veritiv Corp)(6) | First lien senior secured loan | S + | 4.00% | —% | 11/2030 | 10546 | 10528 | 10535 |  |
| Vertiv Group Corp.(5) | First lien senior secured loan | S + | 1.75% | —% | 08/2032 | 3990 | 3990 | 4007 |  |
| VIAVI SOLUTIONS INC(6)(8) | First lien senior secured loan | S + | 2.50% | —% | 10/2032 | 6306 | 6292 | 6338 |  |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of December 31, 2025**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| VIRTUSA CORPORATION(5) | First lien senior secured loan | S + | 3.25% | —% | 02/2029 | 2372 | 2380 | 2376 |  |
| VS Buyer LLC (dba Veeam Software)(6) | First lien senior secured loan | S + | 2.25% | —% | 04/2031 | 12162 | 12096 | 12192 |  |
|  |  |  |  |  |  |  | 246160 | 245782 | 40.0% |
| **Investment funds and vehicles** |  |  |  |  |  |  |  |  |  |
| Chicago US MidCo III, LP(5)(8) | First lien senior secured loan | S + | 2.50% | —% | 11/2032 | 15032 | 14995 | 15069 |  |
| Grosvenor(5) | First lien senior secured loan | S + | 2.25% | —% | 02/2030 | 545 | 547 | 547 |  |
|  |  |  |  |  |  |  | 15542 | 15616 | 2.5% |
| **Leisure and entertainment** |  |  |  |  |  |  |  |  |  |
| Cedar Fair, L.P. (dba Six Flags Entertainment Corp)(5) | First lien senior secured loan | S + | 2.00% | —% | 05/2031 | 4723 | 4691 | 4663 |  |
| Delta 2 (Lux) SARL (dba Formula One)(6) | First lien senior secured loan | S + | 1.75% | —% | 09/2031 | 2000 | 2008 | 2005 |  |
| GBT US III LLC (dba Global Business Travel Group, Inc.)(6) | First lien senior secured loan | S + | 2.50% | —% | 07/2031 | 4714 | 4684 | 4726 |  |
| Live Nation Entertainment, Inc.(5) | First lien senior secured loan | S + | 2.00% | —% | 10/2032 | 11490 | 11434 | 11490 |  |
| WMG Acquisition Corp(6) | First lien senior secured loan | S + | 1.75% | —% | 01/2031 | 1000 | 1002 | 1002 |  |
|  |  |  |  |  |  |  | 23819 | 23886 | 3.9% |
| **Manufacturing** |  |  |  |  |  |  |  |  |  |
| ALLIANCE LAUNDRY SYSTEMS LLC(6) | First lien senior secured loan | S + | 2.25% | —% | 08/2031 | 7105 | 7105 | 7132 |  |
| Altar Bidco, Inc.(5) | First lien senior secured loan | S + | 3.10% | —% | 02/2029 | 6352 | 6260 | 6276 |  |
| Chariot Buyer LLC (dba Chamberlain Group)(5) | First lien senior secured loan | S + | 2.75% | —% | 09/2032 | 12213 | 12215 | 12231 |  |
| Columbus McKinnon Corp.(6)(8) | First lien senior secured loan | S + | 2.50% | —% | 05/2028 | 963 | 965 | 963 |  |
| DXP Enterprises, Inc.(5) | First lien senior secured loan | S + | 3.25% | —% | 10/2030 | 10671 | 10671 | 10749 |  |
| EMRLD Borrower LP (dba Emerson)(6) | First lien senior secured loan | S + | 2.25% | —% | 05/2030 | 11455 | 11456 | 11478 |  |
| Engineered Machinery Holdings, Inc. (dba Duravant)(6) | First lien senior secured loan | S + | 3.25% | —% | 11/2032 | 22666 | 22607 | 22790 |  |
| Filtration Group Corporation(5) | First lien senior secured loan | S + | 2.75% | —% | 10/2028 | 10449 | 10449 | 10497 |  |
| Gates Global LLC(5) | First lien senior secured loan | S + | 1.75% | —% | 11/2029 | 812 | 809 | 813 |  |
| Gloves Buyer, Inc. (dba Protective Industrial Products)(5) | First lien senior secured loan | S + | 4.00% | —% | 05/2032 | 11661 | 11606 | 11587 |  |
| Legence Holdings LLC(5) | First lien senior secured loan | S + | 2.25% | —% | 12/2031 | 6716 | 6719 | 6755 |  |
| MADISON IAQ LLC(7) | First lien senior secured loan | S + | 2.50% | —% | 06/2028 | 807 | 807 | 811 |  |
| MADISON IAQ LLC(6) | First lien senior secured loan | S + | 2.75% | —% | 11/2032 | 22537 | 22537 | 22661 |  |
| Pro Mach Group, Inc.(5) | First lien senior secured loan | S + | 2.75% | —% | 10/2032 | 19965 | 19915 | 20085 |  |
| SPECTRIS(6) | First lien senior secured loan | S + | 2.75% | —% | 09/2032 | 13265 | 13233 | 13315 |  |
| Watlow Electric Manufacturing Company(6) | First lien senior secured loan | S + | 3.00% | —% | 03/2028 | 2969 | 2979 | 2985 |  |
|  |  |  |  |  |  |  | 160333 | 161128 | 26.2% |
| **Pharmaceuticals** |  |  |  |  |  |  |  |  |  |
| Amneal Pharmaceuticals LLC(5) | First lien senior secured loan | S + | 3.50% | —% | 08/2032 | 15306 | 15269 | 15420 |  |
| Elanco Animal Health Incorporated(5) | First lien senior secured loan | S + | 1.75% | —% | 10/2032 | 6509 | 6461 | 6516 |  |
| Fortrea Holdings Inc.(5)(8) | First lien senior secured loan | S + | 3.75% | —% | 07/2030 | 1000 | 982 | 963 |  |
| Opal US LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 04/2032 | 16734 | 16668 | 16822 |  |
|  |  |  |  |  |  |  | 39380 | 39721 | 6.5% |
| **Professional services** |  |  |  |  |  |  |  |  |  |
| AlixPartners, LLP(5) | First lien senior secured loan | S + | 2.00% | —% | 08/2032 | 8514 | 8497 | 8524 |  |
| Apex Group Treasury LLC(6) | First lien senior secured loan | S + | 3.50% | —% | 02/2032 | 22536 | 22375 | 21148 |  |
| API GROUP DE INC(5) | First lien senior secured loan | S + | 1.75% | —% | 01/2029 | 2840 | 2840 | 2849 |  |
| Camelot U.S. Acquisition 1 Co.(5) | First lien senior secured loan | S + | 2.75% | —% | 01/2031 | 2000 | 2006 | 1971 |  |
| Clearwater Analytics, LLC(7) | First lien senior secured loan | S + | 2.00% | —% | 04/2032 | 4109 | 4109 | 4101 |  |
| Corporation Service Company(5) | First lien senior secured loan | S + | 2.00% | —% | 11/2029 | 5021 | 5021 | 5017 |  |
| Element Materials Technology(6) | First lien senior secured loan | S + | 3.67% | —% | 06/2029 | 2280 | 2289 | 2294 |  |
| Element Solutions, Inc.(6) | First lien senior secured loan | S + | 1.75% | —% | 12/2030 | 2449 | 2446 | 2461 |  |
| First Advantage Holdings LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 10/2031 | 4653 | 4652 | 4599 |  |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of December 31, 2025**

**(Amounts in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Interest** | **Interest** | **Interest** | | | | | |
|<br>**Company(1)(3)(4)** |<br>**Investment** | **Ref. Rate** | **Cash** | **PIK** |<br>**Maturity Date** |<br>**Par / Units** |<br>**Amortized Cost(2)** |<br>**Fair Value** |<br>**Percentage of Members' Equity(10)** |
| Red Ventures, LLC(5) | First lien senior secured loan | S + | 2.75% | —% | 03/2030 | 260 | 262 | 249 |  |
| Skopima Merger Sub Inc.(5) | First lien senior secured loan | S + | 3.75% | —% | 05/2028 | 4796 | 4796 | 4362 |  |
| Vistage International, Inc.(6)(8) | First lien senior secured loan | S + | 3.75% | —% | 07/2029 | 9797 | 9797 | 9748 |  |
|  |  |  |  |  |  |  | 69090 | 67323 | 11.0% |
| **Telecommunications** |  |  |  |  |  |  |  |  |  |
| Charter Communications Operating LLC(6) | First lien senior secured loan | S + | 2.25% | —% | 12/2031 | 7920 | 7903 | 7925 |  |
| Cogeco Communications (USA) II L.P.(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2028 | 1304 | 1299 | 1253 |  |
| Eagle Broadband Investments, LLC (dba Mega Broadband Investments)(6) | First lien senior secured loan | S + | 3.00% | —% | 11/2027 | 10688 | 10653 | 10112 |  |
| Virgin Media Bristol LLC(7) | First lien senior secured loan | S + | 3.18% | —% | 03/2031 | 5018 | 4970 | 4965 |  |
|  |  |  |  |  |  |  | 24825 | 24255 | 3.9% |
| **Transportation** |  |  |  |  |  |  |  |  |  |
| AIT Worldwide Logistics Holdings, Inc.(6) | First lien senior secured loan | S + | 4.00% | —% | 04/2030 | 7920 | 7920 | 7956 |  |
| Echo Global Logistics, Inc.(5) | First lien senior secured loan | S + | 3.75% | —% | 11/2028 | 1677 | 1663 | 1648 |  |
| First Student Bidco Inc(6) | First lien senior secured loan | S + | 2.50% | —% | 08/2030 | 4271 | 4266 | 4282 |  |
| Genesee & Wyoming Inc.(6) | First lien senior secured loan | S + | 1.75% | —% | 04/2031 | 495 | 492 | 495 |  |
| KKR Apple Bidco, LLC(5) | First lien senior secured loan | S + | 2.50% | —% | 09/2031 | 7985 | 7967 | 8024 |  |
| NA Rail Hold Co. LLC(6) | First lien senior secured loan | S + | 3.00% | —% | 03/2032 | 3618 | 3610 | 3642 |  |
|  |  |  |  |  |  |  | 25918 | 26047 | 4.2% |
| **Total Misc.-debt commitments(9)** |  |  |  |  |  |  | 69 | 99 | —% |
| **Total Debt Investments** | **Total Debt Investments** |  |  |  |  |  | $2350698 | $2343367 | 381.6% |
| **Total Investments** |  |  |  |  |  |  | $2350698 | $2343367 | 381.6% |

---

<sup>(1)</sup> Unless otherwise indicated, Blue Owl Credit SLF's investments are pledged as collateral supporting the amounts outstanding under Blue Owl Credit SLF's Debt Facilities.

<sup>(2)</sup> The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

<sup>(3)</sup> Unless otherwise indicated, all investments are considered Level 2 investments.

<sup>(4)</sup> Unless otherwise indicated, loan contains a variable rate structure, which may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate ("SOFR" or "S") (which can include one-, three-, six- or twelve-month SOFR), at the borrower's option, and which reset periodically based on the terms of the loan agreement.

<sup>(5)</sup> The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2025 was 4.13%.

<sup>(6)</sup> The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2025 was 3.98%.

<sup>(7)</sup> The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2025 was 3.85%

<sup>(8)</sup> Level 3 investment.

<sup>(9)</sup> Position or portion thereof is an unfunded loan commitment. See below for more information on the Company's unfunded commitments.

<sup>(10)</sup> Totals presented may differ than actuals due to rounding.

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Schedule of Investments**

**As of December 31, 2025**

**(Amounts in thousands)**

**Unfunded Commitments as of December 31, 2025:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Unfunded** | **Unfunded** |
|<br>**Portfolio Company** |<br>**Commitment Type** |<br>**Commitment Expiration Date** |<br>**Funded<br>Commitment** | **Commitment** | **Fair Value** |
| Chicago US Midco III LP | First lien senior secured delayed draw term loan | 10/2027 | $— | $2232 | $— |
| Citrin Cooperman Advisors LLC | First lien senior secured delayed draw term loan | 12/2027 |  | 1619 |  |
| Cohnreznick Advisory LLC | First lien senior secured delayed draw term loan | 03/2027 |  | 1010 |  |
| First Eagle Holdings, Inc. | First lien senior secured delayed draw term loan | 06/2027 |  | 1561 |  |
| Kaman Corporation | First lien senior secured delayed draw term loan | 01/2027 | 99 | 933 | 99 |
| PINNACLE BUYER, LLC | First lien senior secured delayed draw term loan | 03/2027 |  | 3321 |  |
| Pye-Barker Fire & Safety, LLC | First lien senior secured delayed draw term loan | 12/2027 |  | 2542 |  |
| Raven Acquisition Holdings, LLC (dba R1 RCM) | First lien senior secured delayed draw term loan | 10/2026 |  | 510 |  |
| Savor Acquisition, Inc. (dba Sauer Brands) | First lien senior secured delayed draw term loan | 02/2027 |  | 496 |  |
| **Total Portfolio Company Commitments** | **Total Portfolio Company Commitments** |  | $99 | $14824 | $99 |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

**Notes to the consolidated financial information**

**Organization and Principal Business**

Blue Owl Credit SLF LLC ("Credit SLF" or the "Company"), a Delaware limited liability company, is a joint venture among Blue Owl Capital Corporation, Blue Owl Capital Corporation II, Blue Owl Credit Income Corp., Blue Owl Technology Finance Corp., Blue Owl Technology Income Corp. and State Teachers Retirement System of Ohio (collectively, the "Class A Members"). Credit SLF has no Class B Members as of March 31, 2026. The Company's principal purpose is to make investments primarily in senior secured loans to middle market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. The Company is managed by a board of directors comprised of an equal number of directors appointed by each Member and which acts unanimously. Except under certain circumstances, contributions to the Company cannot be redeemed. Investment decisions must be approved by the Company's board of directors. The Credit SLF Members coinvest through Credit SLF, or its wholly owned subsidiaries. The Company's date of inception was May 6, 2024, and the Company made its first portfolio company investment on July 23, 2024.

Prior to January 13, 2025, Blue Owl Capital Corporation III ("OBDE") was a Class A Member. On January 13, 2025, OBDE merged with and into Blue Owl Capital Corporation ("OBDC") with OBDC surviving (the "OBDE Merger"). At the effective time of the OBDE Merger, OBDE's commitments to and interests in the Company became OBDC's. Prior to March 24, 2025, Blue Owl Technology Finance Corp. II ("OTF II") was a Class A Member. On March 24, 2025, OTF II merged with and into Blue Owl Technology Finance Corp. ("OTF") with OTF surviving (the "OTF II Merger"). At the effective time of the OTF II Merger, OTF II's commitments to and interest in the Company became OTF's.

**Investment Portfolio Detail**

The table below presents the composition of investments at fair value and amortized cost as of March 31, 2026 and December 31, 2025, respectively:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| ($ in thousands) | **Amortized Cost** | **Fair Value** | **Amortized Cost** | **Fair Value** |
| First-lien senior secured debt investments | $2474449 | $2417836 | $2350698 | $2343367 |
| **Total Investments** | $2474449 | $2417836 | $2350698 | $2343367 |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

The table below presents the industry composition of investments based on fair value as of March 31, 2026 and December 31, 2025, respectively:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Advertising and media | 1.4 | 1.0% |
| Aerospace and defense | 5.9 | 5.3 |
| Automotive services | 1.2 | 0.8 |
| Buildings and real estate | 2.2 | 2.2 |
| Business services | 8.7 | 9.4 |
| Chemicals | 2.5 | 2.6 |
| Consumer products | 1.6 | 1.4 |
| Containers and packaging | 5.3 | 4.9 |
| Distribution | 2.5 | 3.4 |
| Education | 0.4 | 1.2 |
| Energy equipment and services | 1.0 | 1.7 |
| Financial services | 8.2 | 8.2 |
| Food and beverage | 6.4 | 6.0 |
| Healthcare equipment and services | 4.3 | 4.0 |
| Healthcare providers and services | 5.4 | 5.3 |
| Healthcare technology | 5.2 | 5.5 |
| Household products | 0.2 | 0.2 |
| Human resource support services | 2.3 | 2.4 |
| Infrastructure and environmental services | 1.7 | 1.2 |
| Insurance | 6.8 | 7.6 |
| Internet software and services | 9.5 | 10.4 |
| Investment funds and vehicle | 1.0 | 0.7 |
| Leisure and entertainment | 1.7 | 1.0 |
| Manufacturing | 8.1 | 6.9 |
| Pharmaceuticals | 1.6 | 1.7 |
| Professional Services | 2.8 | 2.9 |
| Telecommunications | 1.0 | 1.0 |
| Transportation | 1.1 | 1.1 |
| **Total** | 100.0% | 100.0% |

---

The table below presents the geographic composition of investments based on fair value as of March 31, 2026 and December 31, 2025, respectively:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| United States: |  |  |
| &nbsp;&nbsp;Midwest | 24.3% | 24.6% |
| &nbsp;&nbsp;Northeast | 19.0 | 17.4 |
| &nbsp;&nbsp;South | 28.0 | 28.4 |
| &nbsp;&nbsp;West | 15.4 | 15.9 |
| International | 13.3 | 13.7 |
| **Total** | 100.0% | 100.0% |

---

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

The table below presents the fair value hierarchy of investments as of March 31, 2026 and December 31, 2025 respectively:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Fair Value Hierarchy as of March 31, 2026** | **Fair Value Hierarchy as of March 31, 2026** | **Fair Value Hierarchy as of March 31, 2026** | **Fair Value Hierarchy as of March 31, 2026** |
| ($ in thousands) | **Level 1** | **Level 2** | **Level 3** | **Total** |
| First-lien senior secured debt investments | $— | $2191212 | $226624 | $2417836 |
| **Total Investments** | $— | $2191212 | $226624 | $2417836 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Fair Value Hierarchy as of December 31, 2025** | **Fair Value Hierarchy as of December 31, 2025** | **Fair Value Hierarchy as of December 31, 2025** | **Fair Value Hierarchy as of December 31, 2025** |
| ($ in thousands) | **Level 1** | **Level 2** | **Level 3** | **Total** |
| First-lien senior secured debt investments | $— | $2065767 | $277600 | $2343367 |
| **Total Investments** | $— | $2065767 | $277600 | $2343367 |

---

**Debt Activity**

*Bank of America Facility*

On June 12, 2024, the Company's subsidiary, WISE CLO 2025-1 LTD. (fka BOC SLF WH I BA LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, entered into a $300.0 million revolving credit facility (the "Bank of America Facility") with, among others, Bank of America, N.A., as lender and administrative agent. The Company acts as the collateral manager and the first loss provider with respect to the Bank of America Facility. Proceeds from the Bank of America Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Bank of America Facility is June 12, 2027. On March 6, 2025, a portion of the proceeds from the WISE CLO 2025-1 Transaction (as defined below) were used to repay certain amounts outstanding under the Bank of America Facility and WISE CLO 2025-1 LTD. was released from the Bank of America Facility.

On January 22, 2025, the Company's subsidiary, BOC SLF BA-2 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined as co-borrower to the Bank of America Facility. The Company holds preference shares in BOC SLF BA-2 LTD. On January 22, 2025, in connection with the WISE CLO 2025-1 Transaction, certain of the assets held by WISE CLO 2025-1 LTD. were transferred via a master participation agreement to BOC SLF BA-2 Ltd. As of March 31, 2026, there was $162.8 million outstanding under the Bank of America Facility.

Borrowings under the Bank of America Facility bear interest at a per annum rate equal to (a) with respect to any Term SOFR Loan, SOFR + 1.45% and (b) with respect to any Base Rate Loan, Base Rate + 1.45%. Credit SLF predominantly borrows utilizing Term SOFR loans. Credit SLF also pays unused commitment fees of (i) prior to the six-month anniversary of such date, 0.35% and (ii) thereafter, (x) with respect to the First Unused Amount, 1.10% and (y) with respect to the Second Unused Amount, 0.35%. There was $0.2 million of unused commitment fees for the period ended March 31, 2026.

*RBC Facility*

On June 5, 2024, the Company's subsidiary, WISE CLO 2025-3 LTD. (fka BOC SLF WH II RB LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, as borrower, joined a $300.0 million revolving credit facility (the "RBC Facility") with, among others, Royal Bank of Canada, as lender and administrative agent, and U.S. Bank Trust Company, National Association, as collateral custodian. The Company acts as the collateral manager and the first loss provider with respect to the RBC Facility. Proceeds from the RBC Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the RBC Facility is October 14, 2032. On July 24, 2025, a portion of the proceeds from the WISE CLO 2025-3 Transaction (as defined below) were used to repay certain amounts outstanding under the RBC Facility and WISE CLO 2025-3 LTD. was released from the RBC Facility.

On June 16, 2025, the Company's subsidiary, BOC SLF RB-2 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined as replacement borrower to the RBC Facility. The Company holds preference shares in BOC SLF RB-2 LTD. On June 16, 2025, in connection with the WISE CLO 2025-3 Transaction, certain of the assets held by WISE CLO 2025-3 LTD. were transferred via a master participation agreement to BOC SLF RB-2 LTD. As of March 31, 2026, there was $109.6 million outstanding under the RBC Facility.

Borrowings under the RBC Facility bear interest at a per annum rate equal to SOFR +1.55%.

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

*Citibank Facility*

On June 28, 2024, the Company's subsidiary, WISE CLO 2025-4 LTD. (fka BOC SLF WH III C LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, entered into a revolving credit facility (the "Citibank Facility") with, among others, Citibank, N.A., as lender and administrative agent. The commitment of the Citibank Facility is up to $300.0 million, and was $215.0 million as of December 31, 2024 and $100.0 million as of December 31, 2025, respectively. The Company acts as the collateral manager and the first loss provider with respect to the Citibank Facility. Proceeds from the Citibank Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Citibank Facility is June 28, 2027. On September 4, 2025, a portion of the proceeds from the WISE CLO 2025-4 Transaction (as defined below) were used to repay certain amounts outstanding under the Citibank Facility and WISE CLO 2025-4 LTD. was released from the Citibank Facility.

On July 23, 2025, the Company's subsidiary, BOC SLF C-2 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined as co-borrower to the Citibank Facility. The Company holds preference shares in BOC SLF C-2 LTD. On September 4, 2025, in connection with the WISE CLO 2025-4 Transaction, certain of the assets held by WISE CLO 2025-4 LTD. were transferred via a master participation agreement to BOC SLF C-2 Ltd. As of March 31, 2026, $103.3 million outstanding under the Citibank Facility.

Borrowings under the Citibank Facility bear interest at a per annum rate equal to (i) during the Reinvestment Period (as defined in Citibank Facility), SOFR + 1.40% and (ii) after the end of the Reinvestment Period, 1.90%.

*Wells Fargo Facility*

On August 1, 2024, the Company's subsidiary, WISE CLO 2025-2 LTD. (fka BOC SLF WH 4 LTD.), an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined a $300.0 million revolving credit facility (the "Wells Fargo Facility") originally with, among others, and Wells Fargo Bank, National Association, as a lender and administrative agent. The Company acts as the collateral manager and the first loss provider with respect to the Wells Fargo Facility. Proceeds from the Wells Fargo Facility have been and will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Wells Fargo Facility is August 1, 2027. On March 31, 2025, a portion of the proceeds from the WISE CLO 2025-2 Transaction (as defined below) were used to repay certain amounts outstanding under the Wells Fargo Facility and WISE CLO 2025-2 LTD. was released from the Wells Fargo Facility.

On March 12, 2025, the Company's subsidiary, BOC SLF WF-2 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, joined as co-borrower to the Wells Fargo Facility. The Company holds preference shares in BOC SLF WF-2 LTD. On March 19, 2025, in connection with the WISE CLO 2025-2 Transaction, certain of the assets held by WISE CLO 2025-2 LTD. were transferred via a master participation agreement to BOC SLF WF-2 LTD. As of March 31, 2026, there was $152.2 million outstanding under the Wells Fargo Facility.

Borrowings under the Wells Fargo Facility bear interest at a per annum rate equal to Daily Simple SOFR + 1.50%. The Wells Fargo Facility also has an unused commitment fee which accrues at 0.375% of unused facility amount after the six-month anniversary of the most recent securitization. There was $0.1 million of unused commitment fee as of March 31, 2026.

*Mizuho Bank Facility*

On November 14, 2025, the Company's subsidiary, BOC SLF Z LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, entered into a $240.0 million revolving credit facility (the "Mizuho Bank Facility") with, among others, and Mizuho Bank Ltd., as lender and administrative agent. The Company acts as the collateral manager and the first loss provider with respect to the Mizuho Bank Facility. It holds preference shares in BOC SLF Z LTD. Proceeds from the Mizuho Bank Facility will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Mizuho Bank Facility is November 14, 2027. As of March 31, 2026, there was $36.2 million outstanding under the Mizuho Bank Facility.

Borrowings under the Mizuho Bank Facility bear interest at a per annum rate equal to (i) from the Facility Closing Date to and including May 14, 2026, 1.05% and (ii) thereafter, 1.10%; provided that on and after the Revolving Period End Date, the Applicable Margin shall increase to 2.00%; provided further, that upon the occurrence of Event of Default, the Applicable Margin shall increase 2.00%.

*WISE CLO 2025-1*

On June 12, 2024, the Company's subsidiary, WISE CLO 2025-1 LTD. (fka, BOC SLF WH I BA LTD.) was incorporated as a company under the laws of the Cayman Islands. On March 6, 2025, WISE CLO 2025-1 LTD., as issuer, and WISE CLO 2025-1, LLC, as co-issuer, closed a CLO transaction (the "WISE CLO 2025-1 Transaction") using the financial assets previously acquired by WISE CLO 2025-1 LTD as the collateral underpinning the transaction and issued $240.0 million of Class A Notes, $42.0 million of

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

Class B-1 Notes, $10.0 million of Class B-2 Notes, $28.0 million of Class C Notes, and $92.0 million of Subordinated Notes pursuant to an Indenture dated March 6, 2025 among WISE CLO 2025-1 LTD., as issuer, WISE CLO 2025-1, LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. The notes issued as part of the WISE CLO 2025-1 Transaction have a stated maturity of January 20, 2038.

*WISE CLO 2025-2*

On August 1, 2024, the Company's subsidiary, WISE CLO 2025-2 LTD (fka "BOC SLF WH 4 WF LTD.") was incorporated as a company under the laws of the Cayman Islands. On March 31, 2025, WISE CLO 2025-2 LTD., as issuer, and WISE CLO 2025-2, LLC, as co-issuer, closed a CLO transaction (the "WISE CLO 2025-2 Transaction") using the financial assets previously acquired by WISE CLO 2025-2 LTD as the collateral underpinning the transaction and issued $236.0 million of Class A Notes, $56.0 million of Class B Notes, $28.0 million of Class C Notes, and $92.0 million of Subordinated Notes pursuant to an Indenture dated March 31, 2025 among WISE CLO 2025-2 LTD., as issuer, WISE CLO 2025-2, LLC, as co-issuer, and U.S. Bank Trust Company, National Association, as trustee. The notes issued as part of the WISE CLO 2025-2 Transaction have a stated maturity of April 20, 2038.

*WISE CLO 2025-3* 

On June 5, 2024, the Company's subsidiary, WISE CLO 2025-3 LTD (fka "BOC SLF WH II RB LTD.") was incorporated as a company under the laws of the Cayman Islands. On July 24, 2025, WISE CLO 2025-3 LTD., as issuer, and WISE CLO 2025-3, LLC, as co-issuer, closed a CLO transaction (the "WISE CLO 2025-3 Transaction") using the financial assets previously acquired by WISE CLO 2025-3 LTD as the collateral underpinning the transaction and issued $115.0 million of Class A Notes, $125.0 million of Class A Loans, $37.0 million of Class B-1 Notes, $15.0 million in Class B-2 Notes, $26.0 million of Class C Notes, and $90.5 million of Subordinated Notes pursuant to an Indenture dated July 24, 2025 among WISE CLO 2025-3 LTD., as issuer, WISE CLO 2025-3, LLC, as co-issuer, and US Bank Trust Company, National Association, as collateral trustee. The notes issued as part of the WISE CLO 2025-3 Transaction have a stated maturity of July 20, 2038.

*WISE CLO 2025-4*

On June 28, 2024, the Company's subsidiary, WISE CLO 2025-4 LTD (fka "BOC SLF WH III C LTD.") was incorporated as a company under the laws of the Cayman Islands. On September 4, 2025, WISE CLO 2025-4 LTD., as issuer, and WISE CLO 2025-4, LLC, as co-issuer, closed a CLO transaction (the "WISE CLO 2025-4 Transaction") using the financial assets previously acquired by WISE CLO 2025-4 LTD as the collateral underpinning the transaction and issued $240.0 million of Class A Notes, $37.0 million of Class B-1 Notes, $15.0 million in Class B-2 Notes, $26.0 million of Class C Notes, and $91.8 million of Subordinated Notes pursuant to an Indenture dated September 4, 2025 among WISE CLO 2025-4 LTD., as issuer, WISE CLO 2025-4, LLC, as co-issuer, and US Bank Trust Company, National Association, as trustee. The notes issued as part of the WISE CLO 2025-4 Transaction have a stated maturity of September 20, 2038.

*Financial Instruments Not Carried at Fair Value*

The fair value of the Company's debt, which is categorized as Level 3 within the fair value hierarchy as of March 31, 2026, approximates the carrying value. The carrying amounts of the Company's assets and liabilities, other than investments at fair value, approximate fair value due to their short maturities.

------

**Blue Owl Credit SLF LLC**

**Supplemental Financial Information (Unaudited)**

The table below presents the net carrying value of the Company's debt obligations as of March 31, 2026 and December 31, 2025 respectively:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| ($ in thousands) | **Aggregate Principal Committed** | **Outstanding Principal** | **Amount Available**<sup>(1)</sup> | **Unamortized Debt Issuance Costs** | **Net Carrying Value** |
| WISE CLO 2025-1 LTD. | $320000 | $320000 | $— | $1961 | $318039 |
| WISE CLO 2025-2 LTD. | 319160 | 319160 |  | 1732 | 317428 |
| WISE CLO 2025-3 LTD. | 318000 | 318000 |  | 1808 | 316192 |
| WISE CLO 2025-4 LTD. | 317935 | 317935 |  | 1680 | 316255 |
| Bank of America Facility | 300000 | 162812 | 48450 | 220 | 162592 |
| RBC Facility | 300000 | 109642 | 26046 | 312 | 109330 |
| Citibank Facility  | 105000 | 103294 | 1280 | 172 | 103122 |
| Wells Fargo Facility | 300000 | 152222 | 48632 | 211 | 152011 |
| Mizuho Facility | 240000 | 36209 | 4058 |  | 36209 |
| **Total Debt** | $2520095 | $1839274 | $128465 | $8096 | $1831178 |

---

<sup>(1)</sup> The amount available reflects any collateral related limitations at the Company level related to each credit facility's borrowing base.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| ($ in thousands) | **Aggregate Principal Committed** | **Outstanding Principal** | **Amount Available(1)** | **Unamortized Debt Issuance Costs** | **Net Carrying Value** |
| WISE CLO 2025-1 LTD. | $320000 | $320000 | $— | $2001 | $317999 |
| WISE CLO 2025-2 LTD. | 319160 | 319160 |  | 1767 | 317393 |
| WISE CLO 2025-3 LTD. | 318000 | 318000 |  | 1844 | 316156 |
| WISE CLO 2025-4 LTD. | 317935 | 317935 |  | 1806 | 316129 |
| Bank of America Facility | 300000 | 141765 | 29368 | 265 | 141500 |
| RBC Facility | 300000 | 93117 | 16015 | 324 | 92793 |
| Citibank Facility | 100000 | 84790 | 15210 | 206 | 84584 |
| Wells Fargo Facility | 300000 | 137819 | 26421 | 250 | 137569 |
| Mizuho Facility | 240000 | 4240 | 14850 |  | 4240 |
| **Total Debt** | $2515095 | $1736826 | $101864 | $8463 | $1728363 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> The amount available reflects any collateral related limitations at the Company level related to each credit facility's borrowing base.

The table below presents the components of interest expense for the following periods:

---

| | | |
|:---|:---|:---|
| | **For the Three Months Ended March 31,** | **For the Three Months Ended March 31,** |
| ($ in thousands) | **2026** | **2025** |
| Interest expense | $23100 | $12907 |
| Amortization of debt issuance costs | 337 | 142 |
| **Total Interest Expense** | $23814 | $13049 |
| Average interest rate | 5.1% | 5.9% |
| Average daily outstanding borrowings | $1797971 | $873227 |

---

## Exhibit 99.3

**Blue Owl Leasing LLC**

Supplemental Financial Information (Unaudited) as of and for the period ended March 31, 2026

------

**Blue Owl Leasing LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Statement of Assets and Liabilities**

**(Amounts in thousands)**

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** <sup>(1)</sup> |
| **Assets** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value (cost $39,574 and $39,600, respectively) | $39363 | $39628 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash | 9981 | 34555 |
| &nbsp;&nbsp;&nbsp;&nbsp;Due from brokers |  | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest receivable | 306 | 329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $49650 | $74531 |
| **Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt (net of unamortized debt issuance costs of $1,938 and $1,558, respectively) | $9374 | $9754 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest payable | 153 | 129 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 197 | 193 |
| &nbsp;&nbsp;&nbsp;&nbsp;Due to brokers | 50 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Due to advisor | 87 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | 9861 | 10076 |
| **Members' Equity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Members' Equity - Class A | 39789 | 64455 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Members' Equity - Class B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Members' Equity** | 39789 | 64455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities and Members' Equity** | $49650 | $74531 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> The Company's date of inception was June 30, 2025

.

------

**Blue Owl Leasing LLC**

**Supplemental Financial Information (Unaudited)**

**Consolidated Statement of Operations**

**(Amounts in thousands)**

---

| | |
|:---|:---|
| | **For the Three Months Ended March 31, 2026** |
| **Investment Income** | |
| &nbsp;&nbsp;Interest income | $1043 |
| **Total Investment Income** | $1043 |
| **Operating Expenses** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 580 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 275 |
| &nbsp;&nbsp;&nbsp;&nbsp;Organizational costs | 17 |
| **Total Operating Expenses** | 871 |
| **Net Investment Income (Loss)** | 172 |
| **Net Realized and Change in Unrealized Gain (Loss)** |  |
| Net change in unrealized gain (loss) on investments | (239) |
| Net realized gain (loss) on investments |  |
| **Total Net Realized and Change in Unrealized Gain (Loss) on Investments** | (239) |
| **Net Increase (Decrease) in Members' Equity Resulting from Operations** | $(67) |
| **Total Net Increase (Decrease) in Members' Equity Resulting from Operations - Class A** | $(67) |

---

.

------

**Blue Owl Leasing LLC**

**Supplemental Financial Information (Unaudited)**

**Notes to the consolidated financial information**

**Organization and Principal Business**

As of March 31, 2026, Blue Owl Leasing LLC ("Leasing JV" or the "Company"), a Delaware limited liability company, is a joint venture among Blue Owl Capital Corporation, Blue Owl Capital Corporation II, Blue Owl Credit Income Corp., Blue Owl Technology Finance Corp., Blue Owl Technology Income Corp., Blue Owl Alternative Credit Fund (the "Blue Owl Funds"), and California State Teachers Retirement System ("CalSTRS") (collectively, the "Class A Members" or the "Members" and each, a "Class A Member" or a "Member"). Leasing JV has no Class B Members as of March 31, 2026. The Company's principal purpose is to make investments, either directly or indirectly through financing subsidiaries or other persons, primarily in leases and loans. The Company is owned by the Class A Members, each of which have equal voting rights. Except under certain circumstances, contributions to the Company cannot be redeemed. Investment decisions must be approved by each of the Class A Members. The Class A Members co-invest through the Company, or its wholly owned subsidiaries. The Company's date of inception was June 30, 2025 and made its first portfolio company investment on October 23, 2025.

**Investment Portfolio Detail**

The table below presents the composition of investments at fair value and amortized cost as of March 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| ($ in thousands) | **Cost** | **Fair Value** | **Amortized Cost** | **Fair Value** |
| Operating leases | $— | $— | $— | $— |
| Financing Leases | 39574 | 39363 | 39601 | 39628 |
| **Total Investments** | $39574 | $39363 | $39601 | $39628 |

---

The table below presents the geographic composition of investments based on fair value as of March 31, 2026:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| United States: |  |  |
| &nbsp;&nbsp;Midwest | 35.1% | 29.2% |
| &nbsp;&nbsp;Northeast | 17.1 | 17.8 |
| &nbsp;&nbsp;South | 13.5 | 14.3 |
| &nbsp;&nbsp;West | 34.3 | 38.7 |
| **Total** | 100.0% | 100.0% |

---

**Debt Activity**

*Deutsche Bank and Truist Bank Facility*

On September 30, 2025, BOC Lease I LLC and BOC Lease II LLC, each a Delaware limited liability company and wholly owned subsidiary of Blue Owl Leasing LLC entered into a revolving credit facility (the "Deutsche Bank and Truist Bank Facility") with, among others, Deutsche Bank AG, New York Branch, as Co-Structuring Agent, and Truist Bank, as the Administrative Agent and Co-Structuring Agent. The commitment of the Deutsche Bank and Truist Bank Facility is up to $300.0 million. Proceeds from the Deutsche Bank and Truist Bank Facility will be used to finance the origination and acquisition of eligible assets by the borrowers thereunder. The maturity date of the Deutsche Bank and Truist Bank Facility is September 30, 2029. As of March 31, 2026, there was $11.3 million outstanding under the Deutsche Bank and Truist Bank Facility.

Borrowings under the Deutsche Bank and Truist Bank Facility bear interest at a per annum rate equal to (a) during the funding period, Term SOFR + 1.85%, (b) after the revolving termination date to the first anniversary of the revolving termination date, Term SOFR + 2.10%, and (c) after the first anniversary of the revolving termination date to the maturity date, Term SOFR + 2.10%. The Company also pays unused commitment fees (a) if the aggregate outstanding principal amount is less than or equal to 50% of the aggregate Commitments, 0.40%, (b) otherwise, 0.30% .

The fair value of the Company's debt, which is categorized as Level 3 within the fair value hierarchy as of March 31, 2026, approximates the carrying value.

------

**Blue Owl Leasing LLC**

**Supplemental Financial Information (Unaudited)**

The table below presents the net carrying value of the Company's debt obligations as of March 31, 2026:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| ($ in thousands) | **Aggregate Principal Committed** | **Outstanding Principal** | **Amount Available**<sup>(1)</sup> | **Unamortized Debt Issuance Costs** | **Net Carrying Value** |
| Deutsche Bank and Truist Bank Facility | $300000 | $11312 | $8370 | $1938 | $9374 |
| **Total Debt** | $300000 | $11312 | $8370 | $1938 | $9374 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>(1)</sup> The amount available reflects any limitations related to the credit facility's borrowing base.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| ($ in thousands) | **Aggregate Principal Committed** | **Outstanding Principal** | **Amount Available**<sup>(1)</sup> | **Unamortized Debt Issuance Costs** | **Net Carrying Value** |
| Deutsche Bank and Truist Bank Facility | $300000 | $11312 | $8502 | $1558 | $9754 |
| **Total Debt** | $300000 | $11312 | $8502 | $1558 | $9754 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>(1)</sup> The amount available reflects any limitations related to the credit facility's borrowing base.

The table below presents the components of interest expense for the following period:

---

| | |
|:---|:---|
| | **For the Three Months Ended March 31, 2026** |
| ($ in thousands) |  |
| Interest expense | $444 |
| Amortization of debt issuance costs | 136 |
| **Total Interest Expense** | $580 |
| Average interest rate | 5.6% |
| Average daily outstanding borrowings | $11312 |

---

<br>