The investments will be sold at 99.7% of fair value to fund capital distributions and pay down debt.
The Philadelphia-based investment manager has expanded its recurring liquidity program to now include five non-traded BDCs.
Including the latest payout, Blue Owl Capital Corporation II has returned capital equivalent to 43% of December NAV so far in 2026.
EvergreenLink's Notice Board shows that investors in OTIC and OCIC sought to withdraw 38.1% and 18.8% of outstanding shares in Q2, respectively.
The claim, filed by a Blue Owl Capital Corp. investor, alleges the fund's advisor inflated asset values to charge excessive fees.
The announcement comes as investors in Blue Owl's non-traded BDC shunned an earlier Saba and Cox Capital joint-offer to repurchase shares at a steep discount.
Blue Owl Capital Corporation II has returned capital equivalent to 35% of NAV so far in 2026, including the latest payout.
The firm has adhered to a 5% cap on two private debt BDCs after receiving repurchase requests totaling 22% and 41% of outstanding shares.
"[our] objective is consistent with our broader mandate: providing institutional quality liquidity solutions to an underserved retail and mass affluent market," CEO John Cox told EvergreenLink.
This analysis follows the fund's recent and controversial decision to issue distributions to all investors while suspending redemptions.
