布鲁克菲尔德橡树控股有限公司A系列优先股2025年季度报告

333 South Grand Avenue,28th Floor Telephone: (213)830-6300(Address, zip code, and telephone number, including area code, of registrant’s principal executive offices) revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.oIndicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ PART I – FINANCIAL INFORMATIONFinancial Statements (Unaudited)Condensed Consolidated Statements of Financial Condition as of March 31, 2025 and December 31, 20241 Notes to Condensed Consolidated Financial StatementsManagement’s Discussion and Analysis of Financial Condition and Results of Operations 1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the“Exchange Act”), which reflect our current views with respect to, among other things, our future results of operations and financialperformance. In some cases, you can identify forward-looking statements by words such as “anticipate,” “approximately,” “believe,”“continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “seek,” “should,” “will” and “would”or the negative version of these words or other comparable or similar words. These statements identify prospective information.Important factors could cause actual results to differ, possibly materially, from those indicated in these statements. Forward- regulators in the United States and those identified elsewhere in this quarterly report, the following factors, among others, couldcause actual results to differ materially from forward-looking statements and information or historical performance: the ability ofBOH to retain and hire key service providers; the continued availability of capital and financing; the business, economic andpolitical conditions in the markets in which BOH operates; changes in BOH’s anticipated revenue and income, which are inherentlyvolatile; changes in the value of BOH’s investments; the pace of Oaktree’s raising of new funds; changes in assets undermanagement; the timing and receipt of, and impact of taxes on, carried interest; distributions from and liquidation of Oaktree’sexisting funds; the amount and timing of distributions on BOH’s preferred units; changes in BOH’s operating or other expenses; 10-K for the year ended December31, 2024 filed with the Securities and Exchange Commission (“SEC”) (our “annual report”), andin this quarterly report, and in each case any material updates to these factors contained in any of BOH’s future filings.As for the forward-looking statements and information that relate to future financial results and other projections, actualresults will be different due to the inherent uncertainties of estimates, forecasts and projections and may be better or worse than any Oaktree investment fund.In this quarterly report, unless the context otherwise requires:“Oaktree” refers to (i) Brookfield Oaktree Holdings, LLC and, where applicable, its subsidiaries and affiliates prior to “BOH,” “Company,” “we,” “us,” “our” or “our company” refers to Brookfield Oaktree Holdings, LLC and, where applicable,its subsidiaries and affiliates, including, as the context requires, affiliated Oaktree Operating Group members after September 30, “OCM” refers to Oaktree Capital Management, L.P. and, where applicable, its subsidiaries and affiliates. OCM is one ofthe Oaktree Operating Group entities but not one of our subsidiaries. OCM acts as the U.S. registered investment adviser to most of the Oaktree funds.“Oaktree Operating Group,” or “Operating Group,” refers collectively to the entities that either (i) act as or control the income for the business of Oaktree.“OCGH” refers to Oaktree Capital Group Holdings, L.P., a Delaware limited partnership, which holds an interest in the “OEP” refers to Oaktree Equity Plan, L.P., a Delaware limited partnership, which holds an interest in the OaktreeOperating Group. (as defined below) of the assets Oaktree manages, (ii) the leverage on which management fees are charged, (iii) the undrawncapital that Oaktree is entitled to call from investors in the funds pursuant to their capital commitments, (iv) investment proceedsheld in trust for use in investment activities, (v) Oaktree’s pro rata portion of AUM managed by its equity method investments such ownership interests, and (vi) 100% of the AUM managed by 17Capital LLP and its affiliates in which Oaktree acquired a majorityownership interest in 2022. For Oaktree’s collateralized loan obligation vehicles, AUM represents the aggregate par value ofcollateral assets and principal cash; for Oaktree’s business development companies, gross assets (including assets acquired with held in trust for use in a business combination; and for DoubleLine funds, NAV. Oaktree’s AUM amounts include AUM for whichOaktree charges no management fees. Oaktree’s definition of AUM is not based on any definition contained in our