Oxford Square Capital Corp
NASDAQ:OXSQ
Oxford Square Capital Corp
Oxford Square Capital is a business development company primarily engaged in providing capital to technology-related companies. The company is headquartered in Greenwich, Connecticut and currently employs 0 full-time employees. The company went IPO on 2014-03-05. The Company’s investment objective is to maximize its portfolio’s total return. The company primarily focuses on seeking attractive risk-adjusted total return by investing primarily in corporate debt securities and in collateralized loan obligations (CLO), which are structured finance investments that own corporate debt securities. CLO investments may also include warehouse facilities, which are early-stage CLO vehicles intended to aggregate loans that is used to form the basis of a CLO vehicle. The company also invests in publicly traded debt and equity securities. Its portfolio includes its investments in various industries, such as structured finance, business services, software, telecommunication services, diversified insurance, information technology (IT) consulting, utilities, healthcare and plastics manufacturing. Its investment advisor is Oxford Square Management, LLC.
Oxford Square Capital is a business development company primarily engaged in providing capital to technology-related companies. The company is headquartered in Greenwich, Connecticut and currently employs 0 full-time employees. The company went IPO on 2014-03-05. The Company’s investment objective is to maximize its portfolio’s total return. The company primarily focuses on seeking attractive risk-adjusted total return by investing primarily in corporate debt securities and in collateralized loan obligations (CLO), which are structured finance investments that own corporate debt securities. CLO investments may also include warehouse facilities, which are early-stage CLO vehicles intended to aggregate loans that is used to form the basis of a CLO vehicle. The company also invests in publicly traded debt and equity securities. Its portfolio includes its investments in various industries, such as structured finance, business services, software, telecommunication services, diversified insurance, information technology (IT) consulting, utilities, healthcare and plastics manufacturing. Its investment advisor is Oxford Square Management, LLC.
Performance: Net investment income was approximately $5.4 million ($0.07 per share) in the quarter, slightly below the prior quarter's $5.6 million ($0.07 per share).
NAV: Net asset value per share fell to $1.69 from $1.95 in the prior quarter, driven by investment markdowns.
Losses: The company recorded combined net unrealized and realized losses of approximately $18.3 million ($0.22 per share), larger than the prior quarter's $7.5 million ($0.09 per share).
Portfolio activity: The firm purchased about $18 million of new investments (primarily first‑lien, B2B loans) and received $7.4 million of repayments during the quarter.
Capital actions: Issued ~4.3 million shares via an ATM, generating net proceeds of approximately $7.9 million.
Distributions: Paid $0.105 per share in the quarter and the Board declared monthly distributions of $0.035 per share for April, May and June 2026.
Market context: Loan market weakness and sector stress (notably software/private credit) plus wider syndicated loan spreads contributed to markdowns; CLO equity was called out as a primary driver of the quarter's unrealized depreciation.
