Oxford Square Capital Corp. 5.50% Notes due 2028 Q1 FY2025 earnings call

• Net investment income and net asset value per share details provided.
• Distributed $0.105 per share during the quarter.
• Kevin Yonon discussed US loan market performance: prices decreased, default rate info (trailing default rate decreased but elevated when including liability management), distress ratio, primary market issuance ($141.1 billion, 2% decrease vs prior year), and US loan fund inflows ($1.94 billion).
• 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 vs ~$2.7 million or $0.04 per share prior. Investment activity included purchases of ~$16 million, sales of ~$10.7 million, and repayments of ~$8.7 million. Issued ~1.3 million shares of common stock in aftermarket offering, net proceeds ~$3.5 million. Board declared monthly distributions of $0.035 per share for July, August, September 2025.

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

• Factors from most recent SEC filings that could cause actual results to differ materially from projections.
• US loan market weaknesses including price decreases, elevated default rates (including non-captured liability management exercises), and distress ratio increase.

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