Cox Capital Expands Liquidity Program for Retail Private Markets Investors with Tender Offer for Class I Shares of Blue Owl Credit Income Corp.

Offer provides a secondary cash-liquidity option for OCIC shareholders following oversubscribed issuer repurchase program

CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Cox Capital Partners (“Cox Capital”) announced today that Cox Capital Retail Secondaries Fund I, LP (the “Purchaser”), a private investment fund managed by an affiliate of Cox Capital, has commenced a cash tender offer to purchase Class I shares of Blue Owl Credit Income Corp. ("OCIC") effective Oct. 5, 2026, expanding its Class I tender offer program.

Cox Capital developed its tender program to provide shareholders with an additional path to liquidity when a fund’s own quarterly repurchase program does not satisfy their full request. Blue Owl reported preliminary third-quarter repurchase requests of approximately $3.1 billion, or 16.8% of OCIC’s shares outstanding, against the fund’s 5% quarterly repurchase limit, and said it expects to accept approximately 30% of the shares tendered on a pro rata basis, marking the latest in a series of non-traded business development companies (BDCs) with oversubscribed repurchase programs.

The Purchaser now has five cash tender offers in the market, including previously announced offers for Blackstone Private Credit Fund (“BCRED”), HPS Corporate Lending Fund (“HLEND”), Apollo Debt Solutions BDC (“ADS”), and Ares Strategic Income Fund (“ASIF”).

Target Fund	Discount to NAV	Expiration
Blackstone Private Credit Fund (BCRED)	12.5%	Nov. 3, 2026
HPS Corporate Lending Fund (HLEND)	17.5%	Nov. 3, 2026
Apollo Debt Solutions BDC (ADS)	14.6%	Nov. 14, 2026
Ares Strategic Income Fund (ASIF)	13.4%	Nov. 14, 2026
Blue Owl Credit Income Corp. (OCIC)	20.0%	Nov. 25, 2026

The Purchaser is initially offering to purchase up to $10 million in aggregate value of Class I shares of OCIC, at a price of $7.31 per share, representing a 20% discount to the fund's reported Class I net asset value ("NAV") of $9.14 as of Aug. 31, 2026. In July, Cox Capital made a similar tender offer for Class I shares of OCIC that expired on Aug. 24 at a discount of 25%. The current offer is scheduled to expire at 5:00 p.m. Eastern Time on Nov. 25, 2026, unless extended or earlier terminated, and is subject to the terms and conditions contained in the Purchaser’s applicable Offer to Purchase and Assignment Form. Cox Capital and the Purchaser are not affiliated with OCIC or its respective advisers.

The Purchaser has reserved the right, but not the obligation, to accept up to an additional 2% of the fund’s outstanding Class I shares, without extending the offer, as permitted by Rule 14e-1(b) under the Securities Exchange Act of 1934 and subject to the applicable offer terms. At the offer price, that reserve represents approximately $196 million of additional OCIC shares.

“Cox Capital believes advisors and their retail clients deserve an additional path to liquidity when their fund’s repurchase programs are oversubscribed, just as institutional investors have long relied on the secondaries market,” said John Cox, Chief Executive Officer and Chief Investment Officer of Cox Capital Partners. “Cox continues to build out a secondary liquidity option for retail, and the narrower discount to NAV in recent offers reflects how this market is developing.”

How to Participate

Class I shareholders and financial professionals can review the offer materials, obtain fund-specific instructions and submit tender documentation through CoxCapitalPortal.com. Shares held through a broker or custodian may require a countersignature and may be subject to separate platform requirements or earlier internal deadlines. Shareholders should begin the process promptly. Shareholders with questions or who would like to request copies of the applicable offer materials may contact the Purchaser at [phone] or [e-mail].

Important Information

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities. Each tender offer is made solely pursuant to its applicable Offer to Purchase and Assignment Form. Those tender-offer documents contain important information that shareholders should read carefully before deciding whether to tender their shares. If this press release conflicts with an offer document, the offer document controls.

Each offer price is below the applicable fund’s reported net asset value, and no independent person has been retained to evaluate or render an opinion on the fairness of the offer price.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any interest in Cox Capital Retail Secondaries Fund I, LP or any other private investment vehicle managed by Cox Capital or any of its affiliates. No such interests are offered through this release or CoxCapitalPortal.com.

The tender offers have not been approved or disapproved by the U.S. Securities and Exchange Commission or any state securities commission, and no commission has passed upon the fairness or merits of the offers or the accuracy or adequacy of the offer materials. Any representation to the contrary is unlawful.

Tendering is voluntary. Shareholders should consider, among other relevant factors, the offer price, the discount to NAV, the absence of an established trading market for the shares and the tax consequences of tendering their shares. Shareholders are encouraged to consult their financial, tax and legal advisers in considering whether to tender. The offers are not being made in any jurisdiction in which they would be unlawful.

Forward-Looking Statements

This release contains forward-looking statements related to the commencement of the tender offer for OCIC, including statements regarding the anticipated benefits and timing of the tender offers. These statements are based on the Purchaser’s expectations as of the date they were first made and involve risks and uncertainties that could cause actual results or transactions to differ materially from those expressed or implied.

These risks and uncertainties include, among other things, the extent to which the tender offers will serve as a meaningful liquidity option for shareholders and whether the tender offers will be completed. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of their respective dates.

Except as required by law, Cox Capital undertakes no obligation to update or revise forward-looking statements to reflect subsequent events, new information or future circumstances.

About Cox Capital Partners

Cox Capital Partners is a Conshohocken, Pennsylvania-based private investment firm focused on secondary-liquidity solutions for holders of non-traded and other illiquid alternative investments. Information about Cox Capital’s tender offers is available through CoxCapitalPortal.com. Additional information about the firm is available at coxcp.com.