On May 18, 2021, Owl Rock Capital Corporation entered into a third amended and restated investment advisory agreement with its investment adviser, Owl Rock Capital Advisors LLC (the Adviser"), in connection with the previously announced transaction (the Transaction") pursuant to which Owl Rock Capital Group, LLC, the parent of the Adviser (and a subsidiary of Owl Rock Capital Partners LP), and Dyal Capital Partners (Dyal") merged to form Blue Owl Capital Inc. (Blue Owl"). As previously disclosed in Definitive Proxy Statement, dated January 27, 2021, the Transaction is intended to comply with Section 15(f) of the Investment Company Act of 1940 (the "1940 Act"). On May 18, 2021, in anticipation of the Transaction, and in order to ensure that the Transaction complies with Section 15(f), including the requirement that at least 75% of the members of the Company's Board of Directors (the Board") not be interested persons" (as defined in the 1940 Act) of the Company for three years following the consummation of the Transaction, Douglas Ostrover and Alan Kirshenbaum stepped down as directors of the Company, effective upon the consummation of the Transaction. The Board also voted to reduce its size from eight to six directors, effective upon the consummation of the Transaction.