ITEM 8.01 Other Events.
During 2021, OceanFirst Financial Corp. (the "Company") made a minority,
non-controlling equity investment of $10.0 million in Auxilior Capital Partners,
Inc., a nationwide specialty commercial equipment finance company. On November
29, 2022, the Company invested an additional $2.8 million as part of a new round
of financing by the Company and other investors. This new round of financing
resulted in an unrealized gain of $17.5 million on the prior investments, which
the Company will report as income in the quarter ending December 31, 2022.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses