Oaktree Capital Amends 8-K, Confirms Preferred Unit Listings on NYSE
Ticker: OAK-PB · Form: 8-K/A · Filed: Jan 12, 2024 · CIK: 1403528
| Field | Detail |
|---|---|
| Company | Oaktree Capital Group, LLC (OAK-PB) |
| Form Type | 8-K/A |
| Filed Date | Jan 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: amendment, preferred-stock, exchange-listing
Related Tickers: OAK-PA
TL;DR
**Oaktree Capital confirmed its Series A and B preferred units are listed on the NYSE.**
AI Summary
Oaktree Capital Group, LLC filed an 8-K/A on January 12, 2024, amending a previous report from June 23, 2023. This amendment clarifies the registration of its 6.625% Series A preferred units (trading symbol OAK-PA) and 6.550% Series B preferred units on the New York Stock Exchange. This matters to investors because it confirms the listing and trading details of these specific preferred stock classes, providing transparency and liquidity information for those holding or considering these units.
Why It Matters
This filing confirms the official listing of Oaktree's Series A and Series B preferred units on the NYSE, which is crucial for their liquidity and market visibility. Investors can be confident in the regulated trading environment for these specific securities.
Risk Assessment
Risk Level: low — This is an amendment clarifying existing information, not announcing a new event, thus posing minimal risk.
Analyst Insight
Investors holding or considering Oaktree's Series A or B preferred units should note this filing confirms their official NYSE listing, ensuring transparency and standard trading practices. No immediate action is required based on this clarification.
Key Numbers
- 6.625% — Series A preferred unit dividend rate (identifies the yield for OAK-PA preferred units)
- 6.550% — Series B preferred unit dividend rate (identifies the yield for Series B preferred units)
- 001-35500 — Commission File Number (unique identifier for Oaktree Capital Group, LLC with the SEC)
Key Players & Entities
- Oaktree Capital Group, LLC (company) — the registrant filing the 8-K/A
- New York Stock Exchange (company) — the exchange where Oaktree's preferred units are registered
- 6.625% (dollar_amount) — dividend rate for Series A preferred units
- 6.550% (dollar_amount) — dividend rate for Series B preferred units
- June 23, 2023 (date) — date of the earliest event reported in the original 8-K
- January 12, 2024 (date) — date the 8-K/A was filed
Forward-Looking Statements
- The confirmed listing on the NYSE will maintain stable trading volume for Oaktree's preferred units. (Oaktree Capital Group, LLC) — high confidence, target: 2024-12-31
FAQ
What is the purpose of this 8-K/A filing by Oaktree Capital Group, LLC?
This 8-K/A filing, dated January 12, 2024, is an amendment to a previous Current Report on Form 8-K filed on June 23, 2023. Its purpose is to provide updated or clarified information regarding the registration of certain securities.
Which specific securities of Oaktree Capital Group, LLC are mentioned in this filing?
The filing specifically mentions the 6.625% Series A preferred units, which trade under the symbol OAK-PA, and the 6.550% Series B preferred units.
On which exchange are these preferred units registered?
Both the 6.625% Series A preferred units (OAK-PA) and the 6.550% Series B preferred units are registered on the New York Stock Exchange.
What was the 'Date of earliest event reported' for the original 8-K that this filing amends?
The 'Date of earliest event reported' for the original 8-K was June 23, 2023.
What is Oaktree Capital Group, LLC's business address as stated in the filing?
Oaktree Capital Group, LLC's business address is 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071.
Filing Stats: 528 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-01-12 17:04:38
Filing Documents
- oak-20230623.htm (8-K/A) — 34KB
- 0001403528-24-000006.txt ( ) — 201KB
- oak-20230623.xsd (EX-101.SCH) — 2KB
- oak-20230623_def.xml (EX-101.DEF) — 16KB
- oak-20230623_lab.xml (EX-101.LAB) — 30KB
- oak-20230623_pre.xml (EX-101.PRE) — 16KB
- oak-20230623_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized. OAKTREE CAPITAL GROUP, LLC By: /s/ Todd E. Molz Name: Todd E. Molz Title: General Counsel & Chief Administrative Officer Date: January 12, 2024