Oxford Square Capital Corp. (OXSQ) Quarterly 10-Q Report

Oxford Square Capital Corp. (OXSQ) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.

The filing reports investment income of $10.3 million for the three months ended September 30, 2024, down from $13.0 million in the same period last year. The decrease is attributed to lower interest income and income from securitization vehicles.

Total expenses for the quarter were $4.2 million, a decrease from $6.6 million in the previous year, primarily due to lower net investment income incentive fees and interest expenses.

The company reported a net decrease in net assets resulting from operations of $0.9 million for the quarter, compared to a net increase of $6.7 million in the previous year.

Oxford Square's investment portfolio had a total fair value of $262.9 million as of September 30, 2024, a slight decrease from $266.9 million at the end of 2023.

During the quarter, the company purchased $47.7 million in investments and received $27.9 million in repayments, with reductions to CLO equity cost value amounting to $2.5 million.

The company's net asset value per share was $2.35 as of September 30, 2024, down from $2.55 as of December 31, 2023.

Oxford Square reported cash and cash equivalents of $43.2 million at the end of the quarter, up from $5.7 million at the end of 2023.

The company declared monthly distributions of $0.035 per share for October, November, and December 2024, maintaining the distribution level from previous months.

Oxford Square's debt portfolio had a weighted average yield of approximately 14.50% as of September 30, 2024, with three debt investments on non-accrual status.

This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Oxford Square Capital Corp. quarterly 10-Q report dated November 7, 2024. To report an error, please email [email protected].