UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events. |
On July 16, 2026, the Board of Directors of Blue Owl Capital Corporation II (the “Company”) declared a return of capital distribution of $0.62 per share to all shareholders for the third quarter. This distribution represents 7.5% of net asset value (“NAV”) as of December 31, 2025 and will be paid on or before July 22, 2026 to shareholders of record as of July 21, 2026. This distribution exceeds the Company’s previously announced strategy of prioritizing return of capital distributions of at least 5% of NAV per quarter.
Inclusive of this distribution and previously paid return of capital distributions, the Company will have returned approximately 43% of December 31, 2025 NAV, totaling $3.54 per share in the last four months. These distributions reflect the Company’s ability to generate shareholder liquidity through disciplined portfolio management and the strong pace of ordinary-course portfolio repayment activity.
The Company remains on track to achieve its previously communicated goal of paying return of capital distributions equal to 50% or more of December 31, 2025 NAV by year-end 2026.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits
| 99.1 | Shareholder Letter, dated July 20, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Blue Owl Capital Corporation II | ||||||
| Date: July 20, 2026 | By: | /s/ Jonathan Lamm | ||||
| Jonathan Lamm | ||||||
| Chief Operating Officer and Chief Financial Officer | ||||||