Business: Oaktree Capital Group, LLC, 6.55% Series B Non-Cumulative Preferred Units, liquidation preference $25 per unit, redeemable at the issuer's option on or after 9/15/2023 at $25 per unit plus declared and unpaid dividends, and with no stated maturity. <p> Non-Cumulative distributions of 6.55% per annum ($1.6375 per annum or $0.409375 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. <p> Holders of the Preferred Units will receive specific tax information from the company, including a Schedule K-1 which generally would be expected to provide a single income item equal to the preferred return (see page S-52 of the prospectus for details). <p> If a Change of Control Event occurs prior to 9/15/2023 the Units may be redeemed at the Company’s option at a price of $25.25 per Unit, plus declared and unpaid distributions (see prospectus for further information). If a Tax Redemption Event occurs prior to 9/15/2023 the Units may be redeemed at the Company’s option at a price of $25.50 per Unit, plus declared and unpaid distributions (see prospectus for further information). If a Change of Control Event occurs before, on or after 9/15/2023 and the Company does not give notice to redeem all the outstanding Units, the distribution rate per annum on the Units will increase by 5.00%, beginning on the 31st day following such Change of Control Event. If a Rating Agency Event occurs prior to 9/15/2023 the Units may be redeemed at the Company’s option at a price of $25.50 per Unit, plus declared and unpaid distributions (see prospectus for further information). <p> This security was rated BBB by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.