Blue Owl private credit fund cuts dividend as borrowing costs rise

NEW YORK, May 6 (Reuters) – A Blue ​Owl Capital ‌publicly traded private credit fund cut its ‌dividend ​on ⁠Wednesday as it ⁠reported a decrease in its net asset ​value per share ⁠in the ⁠first quarter, ​a move ​it attributed to rising ‌borrowing costs across debt markets.

OBDC said ⁠in a filing it was reducing ⁠its ‌dividend ⁠to 0.31 ​cents ‌per share from ​0.36 ⁠cents per share.

(Reporting by Isla Binnie; Editing by Chris ​Reese)