Oaktree Specialty Lending Corporation is a closed-end, externally-managed investment company that provides debt financing to small and mid-market businesses unable to access traditional public capital markets. The company invests primarily in first lien, second lien, and subordinated loans to these businesses, often including equity components such as warrants, and generates revenue through interest income (including payment-in-kind interest), origination and commitment fees, and capital gains on disposed investments. As a Business Development Company and Regulated Investment Company, Oaktree Specialty Lending uses leverage to enhance returns and distributes at least 90% of its annual taxable income to shareholders while maintaining favorable tax treatment.