Oaktree Capital Group to Issue Preferred Units

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.

3 thoughts on “Oaktree Capital Group to Issue Preferred Units”

  1. 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.

  2. Well I guess one way to look at it is the credit markets are healthy and flowing despite all the Treasury competition.

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