Over 15 years ago, as part of bailing out tanker company Torm Plc (TRMD), Oaktree Capital had been granted a special share, that gave the power to decide decisions. In addition, for many years, Oaktree Capital had a significant common share position. That stake has been going down in the last year or so, with Oaktree Capital also surrendering the special share. This past week, there was another block sale of TRMD shares, reducing the Oaktree Capital position to under 20% of TRMD shares
Oaktree Capital has also reaped significant dividends from their TRMD stake over many years. Torm Plc is also a much stronger and healthier entity today. Q2 2026 should also be a very profitable quarter for TRMD.