Oaktree Specialty Lending (OCSL) Proxy Filing summary

Executive summary

• The 2026 Annual Meeting will be held virtually on March 3, 2026, with shareholders of record as of January 5, 2026, eligible to vote on key proposals.

• Proposals include electing two directors for terms expiring in 2029 and ratifying Ernst & Young LLP as the independent auditor for the fiscal year ending September 30, 2026.

• The Board recommends voting in favor of all proposals and emphasizes the importance of shareholder participation.

Voting matters and shareholder proposals

• Shareholders will vote to elect John B. Frank and Bruce Zimmerman as directors for three-year terms.

• Ratification of Ernst & Young LLP as the independent registered public accounting firm for the 2026 fiscal year is on the agenda.

• Shareholders may submit proposals for the 2027 meeting by September 18, 2026, following SEC and bylaw requirements.

Board of directors and corporate governance

• The Board consists of five members, with a majority being independent as required by Nasdaq and the Investment Company Act.

• Board committees include Audit, Compensation, Nominating and Corporate Governance, and Co-Investment, all with independent directors except for the interested director on the Co-Investment Committee.

• The Board met seven times in fiscal 2025, and all directors attended at least 75% of meetings.

• Corporate governance documents and codes are available to shareholders, and annual evaluations of Board effectiveness are conducted.