Oxford Square Capital Corp. 5.50% Notes due 2028 Q4 FY2024 earnings call

• Net investment income was $6 million or $0.09 per share for the quarter ended December, down from $6.2 million or $0.1 per share prior quarter.
• Net asset value per share was $2.3 vs $2.35 prior quarter.
• Distributed $0.105 cents per share to common stock shareholders.
• Total investment income for the fourth quarter was ~$10.2 million vs ~$10.3 million prior quarter.
• Combined net unrealized and realized losses on investments were ~$2.7 million or $0.04 per share vs ~$7.1 million or $0.11 per share prior quarter.
• Investment activity included purchases of ~$25.1 million, sales of $7 million, and repayments of ~$15 million.
• Issued ~1.8 million shares of common stock via at the market offering, net proceeds ~$5 million.
• U.S. loan market performance improved; loan prices increased from 96.71% of par to 97.33% of par.
• BB rated loan prices increased 48 basis points, B rated 74 basis points, CCC rated decreased 373 basis points on average.
• 12-month trailing default rate increased to 0.91% but out-of-court restructurings, etc., remain elevated.
• Distressed ratio ended at 3.02% vs 3.43% prior quarter.
• U.S. Leveraged Loan primary market issuance excluding amendments was $96.7 billion, a 75% increase vs prior year.
• U.S. loan fund inflows were approximately $5.5 billion for the quarter.
• Focus on portfolio management strategies to maximize long-term total return.

For the quarter ended December, Oxford Square's net investment income was approximately $6 million or $0.09 per share compared with $6.2 million or $0.1 per share for the prior quarter. Net asset value per share is $2.3 compared to $2.35 for the prior quarter. Total investment income for the fourth quarter was approximately $10.2 million compared with approximately $10.3 million for the prior quarter. Combined net unrealized and realized losses on investments were approximately $2.7 million or $0.04 per share compared to approximately $7.1 million or $0.11 per share for the prior quarter. Investment activity during the quarter consisted of purchases of approximately $25.1 million, sales of $7 million, and repayments of approximately $15 million. Approximately 1.8 million shares of common stock were issued pursuant to an at the market offering, resulting in net proceeds of approximately $5 million.

• Board of Directors declared monthly distributions of $0.035 per share for each of the months ending April, May and June of 2025.

Q: There appear to be no questions.

A: I will turn the call back over to Mr. Cohen for closing comments