Limited Partnership Oaktree Capital Group (NYSE:OAK) is going to sell a new fixed rate preferred offering.
No real detail has yet been announced (such as pricing and size of offering).
As a company we kind of like Oaktree, which is organized as a MLP, as Howard Marks founded the company. Howard is somewhat legendary in the distressed asset investment area and the company has $121 billion under management. Of course that doesn’t make this a good investment–we will just have to wait and see.
The preliminary prospectus can be found here.
It is likely a K-1 will be issued for these units at tax time.
Another K-1 ! I need more investable assets outside of the tax deferred IRA account before I can add another K-1 issue. I’ve got one K-1 issue in the IRA already (BEP). The UBTI issue keeps me from adding another. Guess I’ll just have to pass.
Yes–they seem to come in bunches.
Well I guess one way to look at it is the credit markets are healthy and flowing despite all the Treasury competition.