Oxford Square Capital Corp. Q1 FY2026 earnings call

• Net investment income was $4.1 million or 5 cents per share in Q1 2026 vs $5.4 million or 7 cents per share in prior quarter. - Net asset value per share was $1.32 vs $1.69 prior quarter. - Distributed $0.105 per share in Q1. - Total investment income was $8.9 million in Q1 vs $10.4 million prior quarter. - Combined net unrealized and realized losses on investments were $29.7 million or $0.34 per share in Q1 vs $18.3 million or $0.22 per share prior quarter. - Investment activity included purchases of approx $15.8 million and repayments of approx $400,000. - Issued approx 7.2 million shares of common stock pursuant to at-the-market offering with net proceeds of approx $12.3 million. - Board declared monthly distributions of 3.5 cents per share for months ending July, August, September 2026. - Made two new investments in AI companies, Invisible Technologies, Inc. and Infinity Constellation, Inc.

For the quarter ended March, Oxford Square's net investment income was approximately $4.1 million, or 5 cents per share, compared with approximately $5.4 million, or 7 cents per share, in the prior quarter. Our net asset value per share stood at $1.32, compared to a net asset value per share of $1.69 for the prior quarter. We recorded total investment income of approximately $8.9 million as compared to approximately $10.4 million in the prior quarter. We recorded combined net unrealized and realized losses on investments of approximately $29.7 million or $0.34 per share, compared to combined net unrealized and realized losses of approximately $18.3 million, or $0.22 per share for the prior quarter. During the quarter, we issued a total of approximately 7.2 million shares of our common stock pursuant to an at-the-market offering, resulting in net proceeds of approximately $12.3 million.

• Board of Directors declared monthly distributions of 3.5 cents per share for each of the months ending July, August, and September of 2026.

• U.S. loan market performance declined versus prior quarter: loan prices decreased, default rate increased, distress ratio ended at 7.23%. - U.S. leverage loan primary market issuance excluding amendments and repricing transactions was $104.9 billion, a 26% decrease vs prior year comparable quarter. - U.S. loan fund outflows were approximately $5.1 billion for the quarter ended March 31st.

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