Page 11 of 19 – SEC Filing
In addition, OCG, in its capacity as managing member of Holdings, has the ability to direct the
management of Holdings business, including the power to direct the decisions of Holdings regarding the voting and disposition of securities held by Holdings. Therefore, OCG may be deemed to have indirect beneficial ownership of the Oaktree
Shares.
OCGH GP, in its capacity as the manager of OCG, has the ability to appoint and remove directors of OCG and, as such, may
indirectly control the decisions of OCG regarding the voting and disposition of securities beneficially owned by Oaktree. Therefore, OCGH GP may be deemed to have indirect beneficial ownership of the Tannenbaum Shares and the Oaktree Shares.
Holdings I, in its capacity as the general partner of Oaktree Capital I, has the ability to direct the management of Oaktree Capital Is
business, including the power to direct the decisions of Oaktree Capital I regarding the voting and disposition of securities held by Oaktree Capital I. Therefore, Holdings I may be deemed to have indirect beneficial ownership of the Oaktree Shares.
Holdings, in its capacity as the managing member of Holdings I, has the ability to direct the management of Holding Is business,
including the power to direct the decisions of Holdings I regarding the voting and disposition of securities held by Holdings I. Therefore, Holdings may be deemed to have indirect beneficial ownership of the Oaktree Shares.
Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission by any of the Reporting Persons
that it is the beneficial owner of any of the shares of Common Stock referred to herein for the purposes of Section 13(d) of the Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.
To the actual knowledge of the Reporting Persons, none of the Covered Persons directly owns any shares of Common Stock, other than Bruce A.
Karsh, who directly owns 25,000 shares of Common Stock, and John B. Frank, who directly owns 11,876 shares of Common Stock; provided, however, that because of each Covered Persons status as an investment manager, manager, general partner,
director, executive officer or member of a Reporting Person, a Covered Person may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by such Reporting Person. Each of the Covered Persons disclaims beneficial
ownership of the shares of Common Stock reported herein, and the filing of this Schedule 13D shall not be construed as an admission that any such Covered Person is the beneficial owner of any securities covered by this statement, other than Messrs.
Karsh and Frank for their respective directly owned shares of Common Stock.
| Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
Item
6 of the Original Statement is hereby supplemented by adding the following sentence immediately after the last sentence thereof:
On
October 17, 2017, Oaktree closed the transactions contemplated by the Asset Purchase Agreement pursuant to which Oaktree has become the new investment adviser to each of the Issuer and Oaktree Specialty Lending Corporation.
