424B3 1 tm2320519-1_424b3.htm 424B3 tm2320519-1_424b3 - none - 2.5937589s
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 Filed Pursuant to Rule 424(b)(3)
 Registration No. 333-257789​
OAKTREE DIVERSIFIED INCOME FUND INC.
Supplement dated July 5, 2023, to the Prospectus dated May 1, 2023
The following replaces the Financial Highlights contained in the Prospectus:
​ ​ ​
For the
Year Ended
December 31,
2022
​ ​
For the Period
November 1, 2021(1)
through
December 31, 2021
​
Per Share Operating Performance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net asset value, beginning of period
​ ​ ​ $ 9.94 ​ ​ ​ ​ $ 10.00 ​ ​
Income from Investment Operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(2)
​ ​ ​ ​ 0.50 ​ ​ ​ ​ ​ 0.02 ​ ​
Net realized and change in unrealized loss
​ ​ ​ ​ (1.20) ​ ​ ​ ​ ​ (0.07) ​ ​
Net decrease in net asset value resulting from operations
​ ​ ​ ​ (0.70) ​ ​ ​ ​ ​ (0.05) ​ ​
Distributions to Shareholders: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
From net investment income
​ ​ ​ ​ (0.65) ​ ​ ​ ​ ​ (0.01) ​ ​
Total distributions paid(3)
​ ​ ​ ​ (0.65) ​ ​ ​ ​ ​ (0.01) ​ ​
Net asset value, end of period
​ ​ ​ $ 8.59 ​ ​ ​ ​ $ 9.94 ​ ​
Total Investment Return(4)
​ ​ ​ ​ (7.03)%(5) ​ ​ ​ ​ ​ (0.37)%(6) ​ ​
Ratio to Average Net Assets/Supplemental Data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000s)
​ ​ ​ $ 151,702 ​ ​ ​ ​ $ 150,092 ​ ​
Gross operating expenses excluding interest expense
​ ​ ​ ​ 1.96% ​ ​ ​ ​ ​ 5.55% ​ ​
Gross operating expenses
​ ​ ​ ​ 2.51% ​ ​ ​ ​ ​ 5.55%(7) ​ ​
Net expenses, including fee waivers and reimbursement or recoupment and
excluding interest expense
​ ​ ​ ​ 2.10% ​ ​ ​ ​ ​ 2.10%(7) ​ ​
Net expenses, including fee waivers and reimbursement or recoupment and
interest expense
​ ​ ​ ​ 2.65% ​ ​ ​ ​ ​ 2.10% ​ ​
Net investment income
​ ​ ​ ​ 5.64% ​ ​ ​ ​ ​ 1.51%(7) ​ ​
Net investment income, excluding the effect of fee waivers and reimbursement or recoupment
​ ​ ​ ​ 5.50% ​ ​ ​ ​ ​ (1.94)%(7) ​ ​
Portfolio turnover rate
​ ​ ​
​
25%
 ​ ​ ​ ​
​
4%(6)
 ​ ​
​
(1)
Commencement of operations.
​
(2)
Per share amounts presented are based on average shares outstanding throughout the period indicated.
​
(3)
Distributions for annual periods determined in accordance with federal income tax regulations.
​
(4)
Total investment return is computed based upon the net asset value of the Fund’s shares and excludes the effects of sales charges or contingent deferred sales charges, if applicable. Distributions are assumed to be reinvested at the net asset value of the Class on the ex-date of the distribution.
​
(5)
The total investment return for the year ended December 31, 2022, has been restated to (7.03)% for the correction of a typographical error.
​
(6)
Not annualized.​
​
(7)
Annualized.​
​
Please retain this Supplement for reference.