Oxford Square Capital Corp. Q1 FY2025 earnings call

• Jonathan mentioned net investment income, net asset value, distributions, total investment income, combined losses on investments, investment activity, and share issuance. - Kevin discussed US loan market performance: US loan prices weakened, default rate (including liability management) remained elevated, distress ratio increased, primary market issuance decreased slightly, US loan fund inflows were ~$1.94 billion, and focus on portfolio management strategies for long-term total return.

For the quarter ended March 31, Oxford Square's net investment income was approximately $6.1 million or $0.09 per share compared with approximately $6 million or $0.09 per share for the prior quarter. Net asset value per share stood at $2.09 compared to $2.30 for the prior quarter. Total investment income was approximately $10.2 million, same as prior quarter. Combined net unrealized and realized losses on investments were approximately $14.2 million or $0.20 per share compared to $2.7 million or $0.04 per share prior quarter. Investment activity included purchases of approximately $16 million, sales of approximately $10.7 million, and repayments of approximately $8.7 million. Issued ~1.3 million shares of common stock in aftermarket offering, resulting in net proceeds of ~$3.5 million. Distributed $0.105 per share to common stock shareholders. Board declared monthly distributions of $0.035 per share for July, August and September 2025.

On April 22, 2025, the Board of Directors declared monthly distributions of $0.035 per share for each of the months ending July, August and September of 2025.

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