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Slide 1

Dear Valued Shareholder, We are writing to provide an update on OTIC and the current market environment, as part of our ongoing commitment to keeping you informed of the fund’s latest activities. OTIC was intentionally structured as a perpetually offered, non-traded BDC, providing access to directly originated loans and durable yield premiums through investor-friendly features such as monthly subscriptions, monthly distributions and transparent reporting. OTIC also offers quarterly liquidity of up to 5% of aggregate outstanding shares, at net asset value (“NAV”) per share, through its quarterly share repurchase program. This framework was carefully designed to provide investors with some access to periodic liquidity while considering the duration of the fund’s underlying assets, supporting OTIC’s investment strategy of delivering high current income and attractive risk‑adjusted returns across a wide spectrum of market environments. Tender activity was elevated across the non‑traded BDC industry in the first quarter of 2026, reflecting a period of heightened negative sentiment toward the asset class that intensified as peers have reported tender results. For OTIC, this dynamic was amplified by the fund’s more concentrated shareholder base, particularly within certain wealth channels and regions, and its specialized investment mandate relative to more broadly diversified non-traded BDCs. Heightened market concerns around AI‑related disruption to software companies have weighed meaningfully on investor perception of software‑related credit exposures, despite continued strong performance across OTIC’s portfolio companies. During the first quarter of 2026, OTIC received an estimated amount of 40.7% in total tender requests1 and will fulfill its tender offer of 5% of shares outstanding, as of December 31, 2025, on a pro rata basis.2 This decision was made in accordance with the fund structure, reflecting our commitment to balancing the interests of both tendering and remaining shareholders. The 5% tender offer represents $179 million, which, together with gross capital inflows of $127 million,3 resulted in modest net outflows of $52 million, representing less than 2% of OTIC’s approximately $3 billion NAV as of December 31, 2025.4 For additional context, following the one‑time increase to accept 15.4% of shares last quarter, OTIC has now fulfilled $712 million of tender requests across the last two quarters, representing approximately 41% of all shares tendered over that time. This reflects the fund’s significant liquidity position, low leverage and our willingness to provide additional shareholder liquidity when conditions warrant, while remaining aligned with the fund’s long‑term objectives. Importantly, OTIC is in a strong position to meet its current tender obligation and any future tender offers. As of February 28, 2026, OTIC had ample liquidity of over $1.3 billion across cash, available borrowing capacity and liquid Level 2 assets.5,6 Net leverage was 0.82x debt-to-equity, below the target range of 0.90x to 1.25x, and Level 2 assets represented 9.5% of the portfolio. This liquidity profile provides approximately 7x coverage of the $179 million tender offer and supports our ability to meet future 5% tender offers, as we have since inception.6,7,8 In addition, OTIC receives incremental liquidity through quarterly repayments, which we estimate to be $300 million per quarter in normal course, reflecting an average asset duration of three to four years. We continue to observe a meaningful disconnect between the public dialogue on private credit and the underlying trends in our portfolio. Since inception in May 2022, OTIC Class I has delivered an attractive annualized return of 9.6%, outperforming leveraged loans by 285 basis points, high-yield bonds by nearly 250 basis points and traditional fixed income by 650 basis points over nearly four years.9,10 We believe this performance reflects the structural advantages of direct lending, which has historically included durable premium income and lower default rates relative to public leveraged loans. Blue Owl Technology Income Corp. (“OTIC”) April 2026 Shareholder Update FOR EXISTING INVESTORS AND FINANCIAL PROFESSIONAL USE ONLY. NOT FOR FURTHER DISTRIBUTION.


Slide 2

The buy-and-hold approach of direct lending incentivizes disciplined underwriting and can capture illiquidity premiums. OTIC’s credit profile reflects these characteristics, with an average annual net loss rate of 0.0% since inception and non-accruals representing just 0.2% of the portfolio fair value, well below industry averages.11,12,13 OTIC was intentionally designed to be a scaled, diversified portfolio of high-quality technology-related companies positioned to perform across evolving technology cycles. As of December 31, 2025, the portfolio had a fair value of $6.2 billion, diversified across 190 companies and 41 end markets, with a weighted average position size of 0.5%. OTIC’s portfolio is conservatively constructed, with 93% senior secured loans and 91% of the portfolio backed by private equity sponsors.14,15 The portfolio is focused on large, market‑leading software businesses that provide mission‑critical solutions – many of which are actively adapting to, or already benefitting from, AI-driven innovation rather than being disrupted by it. These companies have a weighted‑average EBITDA of approximately $377 million and continue to deliver strong year‑over‑year revenue and EBITDA growth of more than 10% and 14%, respectively, reinforcing our conviction in the portfolio’s durability and defensibility in an evolving AI landscape.16 Importantly, these investments were originally structured at low loan‑to‑values of approximately 35%, with highly sophisticated and incentivized investors sitting junior to us in the capital structure.16 While we recognize that AI represents a transformational shift for the software sector, we believe OTIC is well positioned as a senior secured lender rather than an equity holder, benefiting from contractual cash flows, strong sponsor support and conservative capital structures. This conviction was further validated in February 2026, when OTIC opportunistically trimmed approximately 6% of the portfolio through a $400 million partial asset sale that was heavily oversubscribed and executed at fair value17, equivalent to 99.6% of par, underscoring continued confidence in the quality and valuations of OTIC’s software investments. Periods of market volatility have historically created some of the most attractive entry points for private credit, and we believe the current environment – particularly within technology and software – is beginning to offer compelling risk-reward dynamics. As public market dislocations and AI-related uncertainty reshape sentiment, dispersion is increasing across the sector, creating opportunities for experienced lenders to deploy capital selectively at improved terms. OTIC is well positioned to capitalize on this environment, supported by the depth of our 40-person technology-focused investment team and Blue Owl Credit’s scale, sourcing reach and incumbency. Our team’s ability to underwrite complexity, distinguish between disruption and durability, and structure investments with an emphasis on downside risk management is especially valuable as technological change accelerates. With meaningful dry powder, OTIC is positioned to deploy capital in a way that we believe can drive long‑term shareholder value. Thank you for your continued trust and partnership. We look forward to capitalizing on this period of market dislocation and remain committed to delivering strong results and continued liquidity for our shareholders. Craig W. Packer Head of Credit & Co-President of Blue Owl Capital Erik Bissonnette Technology Lending Portfolio Manager & President of OTIC 190 Portfolio companies $377mm Weighted-average EBITDA16 0.0% Average annual loss rate11 35% Loan-to-value16 0.2% Non-accruals (at fair value)12 Portfolio Highlights As of December 31, 2025 93% Senior secured loans14 91% Backed by PE sponsors15 $6.2bn Portfolio at fair value FOR EXISTING INVESTORS AND FINANCIAL PROFESSIONAL USE ONLY. NOT FOR FURTHER DISTRIBUTION.


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Footnotes 1. Tender request percentage based on shares outstanding as of December 31, 2025, adjusted for the $533 million tender paid in January 2026. The preliminary tender request results included herein are based on preliminary information, are subject to adjustment and should not be regarded as final. OTIC expects to announce the final results of its tender offer at a later date. 2. Pursuant to the terms of the tender offer. 3. Q1’26 gross inflows includes monthly subscriptions through March 1, 2026 and estimated DRIP proceeds for the quarter. 4. NAV as of December 31, 2025, adjusted for the $533 million tender paid in January 2026. 5. The amount available reflects limitations related to each credit facility’s borrowing base. 6. Pro forma for proceeds from unsettled trades related to the partial asset sale previously announced on February 18, 2026. 7. Tender offers are subject to board approval. 8. Coverage is the sum of cash, available borrowing capacity, and Level 2 assets, divided by the tender amount. 9. As of February 28, 2026. Past performance is not a guarantee of future results. Returns are compounded monthly. Total return is calculated as the change in monthly NAV (assuming any dividends and distributions, net of shareholder servicing fees, are reinvested in accordance with the Company’s dividend reinvestment plan), if any, divided by the beginning NAV. Returns reflect reinvestments of distributions and the deduction of ongoing expenses that are borne by investors, such as management fees, incentive fees, servicing fees, interest expense, offering costs, professional fees, director fees and other general and administrative expenses. An investment in the Company is subject to a maximum upfront sales load (Class S: 3.5%, Class D: 1.5%, Class I: No sales load) which will reduce the amount of capital available for investment. Operating expenses may vary in the future based on the amount of capital raised, the Adviser’s election to continue expense support and other unpredictable variables. Total returns based on the max upfront fee load for an investor starting at the inception of the respective share class: Class S – May 1, 2022, Class D – May 1, 2022, Class I – May 1, 2022. Class I does not have upfront fees. Class S (With Max Sales Load): ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​-5.56%‌‌‌ (1-mo), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌-5.52%‌‌‌ (3-mo), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​-5.95%‌‌‌ (YTD), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​‌0.63%‌‌‌ (1-yr), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​‌‌6.93%‌‌‌ (3-yr), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌​7.66%‌‌‌ (ITD) Class S (No Sales Load): ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​​-2.26%‌‌‌ (1-mo), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌‌‌-2.22%‌‌‌ (3-mo), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌‌​-2.66%‌‌‌ (YTD), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌​‌4.15%‌‌‌ (1-yr), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌‌​‌8.16%‌‌‌ (3-yr), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌​​8.63%‌‌‌ (ITD) Class D (With Max Sales Load): ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​‌​-3.66%‌‌‌ (1-mo), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​​‌-3.52%‌‌‌ (3-mo), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​​​-4.00%‌‌‌ (YTD), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌‌‌‌3.23%‌‌‌ (1-yr), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​‌‌‌8.27%‌‌‌ (3-yr), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌‌‌​8.86%‌‌‌ (ITD) Class D (No Sales Load): ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌‌​​-2.21%‌‌‌ (1-mo), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌​‌‌-2.07%‌‌‌ (3-mo), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌​‌​-2.56%‌‌‌ (YTD), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌​​‌4.77%‌‌‌ (1-yr), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​​​‌8.81%‌‌‌ (3-yr), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌​​​9.28%‌‌‌ (ITD) Class I (No Sales Load): ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​‌‌​-2.19%‌‌‌ (1-mo), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​‌​‌-2.01%‌‌‌ (3-mo), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​‌​​-2.52%‌‌‌ (YTD), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​​‌‌5.04%‌‌‌ (1-yr), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌​‌‌9.08%‌‌‌ (3-yr), ‌‌‌‌‌‌‌‌‌‌‌‌‌‌​​​‌​9.55%‌‌‌ (ITD) 10. Source: Bloomberg. Indices listed do not represent benchmarks for the funds but allow for comparison of a fund's performance to an Index. An investor cannot invest directly in an index. Index performance does not reflect fees and expenses. Traditional Fixed Income represented by Bloomberg Barclays U.S. Aggregate Index. High Yield represented by the Bloomberg Barclays High Yield Index. Leveraged Loans represented by Morningstar LSTA U.S. Leveraged Loan Index. 11. Average annual net gain/loss rate is calculated by averaging the 'annual total net realized gain/loss rate' since the fund’s inception through 4Q25. 'Annual total net realized gain/loss rate' is defined as the total net realized gain or loss for a given year, divided by the average quarterly investments at amortized cost for that year. Results are calculated at the portfolio level and do not reflect the deduction of management fees, incentive fees, financing costs, or expenses. This metric reflects realized activity only and does not include unrealized gains or losses; it is not a measure of total return. 12. As of December 31, 2025. Non-accrual rate represents the fair value of investments on non-accrual status divided by the fair value of the total portfolio. Loans are generally placed on non-accrual when there is reasonable doubt that principal or interest will be collected in full, at which time accrued interest is typically reversed. Loans may return to accrual status when amounts are brought current and are expected to remain current, subject to management judgment. 13. As of September 30, 2025. Source: Cliffwater Direct Lending Index, CDLI Quarterly Non-Accruals (at Fair Value). Data available on a one-quarter lag. 14. As of December 31, 2025. Senior secured percentage is based on fair value. Valuations may change over time. For this specific data point, more current data is available as of the date of this material. As of February 28, 2026, senior secured loans was approximately 92% of the portfolio based on par value and shown net of unfunded commitment amounts. Valuations may change over time. Based on debt portfolio only. Par value represents the face value of loans in the portfolio. 15. As of December 31, 2025. Percentage backed by private equity sponsors is based on fair value of portfolio reported in 4Q25 financials. 16. As of December 31, 2025. Based on the fair value of the portfolio as reported in the fourth quarter 2025 financial statements, and reflects first‑lien and second‑lien loans, which represent 92% of the total debt portfolio based on fair value. Excludes certain investments that fall outside of our typical borrower profile. Borrower financials are derived from the most recently available portfolio company financial statements, have not been independently verified by Blue Owl, and may reflect a normalized or adjusted amount. Accordingly, Blue Owl makes no representation or warranty in respect of this information. 17. Fair value as of February 12, 2026. Index definitions Bloomberg U.S. Aggregate Index is an unmanaged index of domestic investment-grade bonds, including corporate, government and mortgage-backed securities. Bloomberg Barclays US Corporate High Yield Index. This index measures the USD-denominated, high yield, fixed-rate corporate bond market. Morningstar LSTA U.S. Leveraged Loan Index is an unmanaged index of the institutional leveraged loan market. Prior to August 29, 2022 the index name was S&P/LSTA Leveraged Loan Index. FOR EXISTING INVESTORS AND FINANCIAL PROFESSIONAL USE ONLY. NOT FOR FURTHER DISTRIBUTION.


Slide 4

Summary of risk factors An investment in Blue Owl Technology Income Corp. (“OTIC”) is speculative and involves a high degree of risk, including the risk of a substantial loss of investment, as well as substantial fees and costs, all of which can impact an investor’s return. The following are some of the risks involved in an investment in OTIC’s common shares; however, an investor should carefully consider the fees and expenses and information found in the “Risk Factors” section of the OTIC prospectus before deciding to invest: You should not expect to be able to sell your shares regardless of how OTIC performs and you should consider that you may not have access to the money you invest for an indefinite period of time. An investment in shares of OTIC’s common stock is not suitable for you if you need access to the money you invest. OTIC does not intend to list its shares on any securities exchange and does not expect a secondary market in its shares to develop. As a result, you may be unable to reduce your exposure in any market downturn. If you are able to sell your shares before a liquidity event is completed, you will likely receive less than your purchase price. OTIC has implemented a share repurchase program pursuant to which it intends to conduct quarterly repurchases of a limited number of outstanding shares of its common stock. OTIC’s board of directors has complete discretion to determine whether OTIC will engage in any share repurchase, and if so, the terms of such repurchase. OTIC’s share repurchase program will include numerous restrictions that limit your ability to sell your shares. As a result, share repurchases may not be available each month. While OTIC intends to continue to conduct quarterly tender offers as described above, it is not required to do so and may amend or suspend the share repurchase program at any time. Distributions on OTIC’s common stock may exceed OTIC’s taxable earnings and profits, particularly during the period before it has substantially invested the net proceeds from its public offering. Therefore, portions of the distributions that OTIC pays may represent a return of capital to you for U.S. federal tax purposes. A return of capital is a return of a portion of your original investment in shares of OTIC common stock. As a result, a return of capital will (i) lower your tax basis in your shares and thereby increase the amount of capital gain (or decrease the amount of capital loss) realized upon a subsequent sale or redemption of such shares, and (ii) reduce the amount of funds OTIC has for investment in portfolio companies. OTIC has not established any limit on the extent to which it may use sources other than cash flows from operations to fund distributions. Distributions are not guaranteed. Distributions may also be funded in significant part, directly or indirectly, from the deferral of certain investment advisory fees that may be subject to repayment to the Adviser and/or the reimbursement of certain operating expenses, that may be subject to repayment to the Adviser and its affiliates. Significant portions of distributions may not be based on investment performance. In the event distributions are funded from deferrals of fees and reimbursements by OTIC’s affiliates, such fundi ng may not continue in the future. If OTIC’s affiliates do not agree to reimburse certain of its operating expenses, then significant portions of OTIC’s distributions may come from sources other than cash flows from operations. The repayment of any amounts owed to OTIC’s affiliates will reduce future distributions to which you would otherwise be entitled. The payment of fees and expenses will reduce the funds available for investment, the net income generated, the funds available for distribution and the book value of the common shares. In addition, the fees and expenses paid will require investors to achieve a higher total net return in order to recover their initial investment. Please see OTIC’s prospectus for details regarding its fees and expenses. OTIC intends to invest in securities that are rated below investment grade by rating agencies or that would be rated below investment grade if they were rated. Below investment grade securities, which are often referred to as “junk,” have predominantly speculative characteristics with respect to the issuer’s capacity to pay interest and repay principal. They may also be illiquid and difficult to value. The Adviser and its affiliates face a number of conflicts with respect to OTIC. Currently, the Adviser and its affiliates manage other investment entities, including Blue Owl Capital Corporation, Blue Owl Capital Corporation II, Blue Owl Technology Finance Corp. and Blue Owl Credit Income Corp., and are not prohibited from raising money for and managing future investment entities that make the same types of investments as those OTIC targets. As a result, the time and resources that the Adviser devotes to OTIC may be diverted. In addition, OTIC may compete with any such investment entity also managed by the Adviser for the same investors and investment opportunities. Furthermore, the Adviser may face conflicts of interest with respect to services it may perform for companies in which OTIC invests as it may receive fees in connection with such services that may not be shared with OTIC. The incentive fee payable by OTIC to the Adviser may create an incentive for the Adviser to make investments on OTIC’s behalf that are risky or more speculative than would be the case in the absence of such compensation arrangements. OTIC may be obligated to pay the Adviser incentive fees even if OTIC incurs a net loss due to a decline in the value of its portfolio and even if its earned interest income is not payable in cash. The information provided above is not directed at any particular investor or category of investors and is provided solely as general information about Blue Owl products and services to regulated financial intermediaries and to otherwise provide general investment education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment -related course of action as Blue Owl Securities LLC, its affiliates, and OTIC are not undertaking to provide impartial investment advice, act as an impartial adviser, or give advice in a fiduciary capacity with respect to the materials presented herein.   FOR EXISTING INVESTORS AND FINANCIAL PROFESSIONAL USE ONLY. NOT FOR FURTHER DISTRIBUTION.


Slide 5

Important Information Unless otherwise noted the report date referenced herein is as of April 2, 2026. Past performance is not a guarantee of future results. Assets Under Management (“AUM”) refers to the assets that we manage and is generally equal to the sum of (i) NAV; (ii) drawn and undrawn debt; (iii) uncalled capital commitments; (iv) total managed assets for certain Credit and Real Assets products; and (v) par value of collateral for collateralized loan obligations (“CLOs”) and other securitizations. The material presented is proprietary information regarding Blue Owl Capital Inc. (“Blue Owl”), its affiliates and investment program, funds sponsored by Blue Owl, including the Blue Owl Credit, Real Assets, and the GP Strategic Capital Funds (collectively the “Blue Owl Funds”) as well as investment held by the Blue Owl Funds. An investment in the Fund or other investment vehicle entails a high degree of risk. Investors should consider all of the risk factors set forth in the "Certain Risk Factors and Actual and Potential Conflicts of Interest" of the PPM or Prospectus, each of which could have an adverse effect on the Fund or other investment vehicle and on the value of Interests. An investment in the Fund or other investment vehicle is suitable only for sophisticated investors and requires the financial ability and willingness to accept the high risks and lack of liquidity associated with an investment in the Fund or other investment vehicle. Investors in the Fund or other investment vehicle must be prepared to bear such risks for an indefinite period of time. There will be restrictions on transferring interests in the Fund or other investment vehicle, and the investment performance of the Fund or other investment vehicle may be volatile. Investors must be prepared to hold their interests in the Fund or other investment vehicle until its dissolution and should have the financial ability and willingness to accept the risk characteristics of the Fund's or other investment vehicle’s investments. There can be no assurances or guarantees that the Fund's or other investment vehicles investment objectives will be realized that the Fund's or other investment vehicle investment strategy will prove successful or that investors will not lose all or a portion of their investment in the Fund. Furthermore, investors should not construe the performance of any predecessor funds or other investment vehicle as providing any assurances or predictive value regarding future performance of the Fund. The views expressed and, except as otherwise indicated, the information provided are as of the report date and are subject to change, update, revision, verification, and amendment, materially or otherwise, without notice, as market or other conditions change. Since these conditions can change frequently, there can be no assurance that the trends described herein will continue or that any forecasts are accurate. In addition, certain of the statements contained in this material may be statements of future expectations and other forward-looking statements that are based on the current views and assumptions and involve known and unknown risks and uncertainties (including those discussed below) that could cause actual results, performance, or events to differ materially from those expressed or implied in such statements. These statements may be forward-looking by reason of context or identified by words such as “may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential or continue” and other similar expressions. Neither Blue Owl, its affiliates, nor any of Blue Owl’s or its affiliates' respective advisers, members, directors, officers, partners, agents, representatives or employees or any other person (collectively the “Blue Owl Entities”) is under any obligation to update or keep current the information contained in this document. This material contains information from third party sources which Blue Owl has not verified. No representation or warranty, express or implied, is given by or on behalf of the Blue Owl Entities as to the accuracy, fairness, correctness or completeness of the information or opinions contained in this material and no liability whatsoever (in negligence or otherwise) is accepted by the Blue Owl Entities for any loss howsoever arising, directly or indirectly, from any use of this material or its contents, or otherwise arising in connection therewith. All investments are subject to risk, including the loss of the principal amount invested. These risks may include limited operating history, uncertain distributions, inconsistent valuation of the portfolio, changing interest rates, leveraging of assets, reliance on the investment advisor, potential conflicts of interest, payment of substantial fees to the investment advisor and the dealer manager, potential illiquidity, and liquidation at more or less than the original amount invested. Diversification will not guarantee profitability or protection against loss. Performance may be volatile, and the NAV may fluctuate. Performance Information: Where performance returns have been included in this material, OTIC has included herein important information relating to the calculation of these returns as well as other pertinent performance related definitions. OTIC intends to sell our shares at a net offering price that we believe reflects the net asset value per share as determined in accordance with the Fund’s share pricing policy. This material is for informational purposes only and is not an offer or a solicitation to sell or subscribe for any fund or other investment vehicle and does not constitute investment, legal, regulatory, business, tax, financial, accounting, or other advice or a recommendation regarding any securities of Blue Owl, of any fund or investment vehicle managed by Blue Owl, or of any other issuer of securities. Only a definitive offering document (i.e.: Prospectus or Private Placement Memorandum or other offering material) can make such an offer. Within the United States and Canada, securities are offered through Blue Owl Securities LLC, member of FINRA/SIPC, as Dealer Manager. Copyright© Blue Owl Capital Inc. 2026. All rights reserved. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Blue Owl. It is delivered on an “as is” basis without warranty or liability by accepting the information, you agree to abide by all applicable copyright and other laws, as well as any additional copyright notices or restrictions contained in the information. FOR EXISTING INVESTORS AND FINANCIAL PROFESSIONAL USE ONLY. NOT FOR FURTHER DISTRIBUTION.


Slide 6

8679142.6 OTIC-LETTER-APR26 FOR EXISTING INVESTORS AND FINANCIAL PROFESSIONAL USE ONLY. NOT FOR FURTHER DISTRIBUTION.