Oxford Lane Capital Stock Earnings Reports

Oxford Lane reported a NAV per share of $4.12 as of June 30, 2025, down from $4.32 the prior quarter. GAAP total investment income for the quarter was ~$124 million, with GAAP net investment income of ~$75.1 million ($0.16/share) and core net investment income of ~$112.4 million ($0.24/share). The firm invested aggressively in CLOs during the quarter (~$441.8 million of new CLO equity, debt and warehouse investments) while raising ~25.8 million shares through an ATM for net proceeds of ~$116.4 million. Oxford Lane recorded net unrealized depreciation of ~$40.2 million and net realized losses of ~$8.8 million, resulting in a net increase in net assets from operations of ~$26.1 million ($0.06/share). Key portfolio metrics: weighted average yield on CLO debt at current cost 16.9% (from 15.9%); weighted average effective yield on CLO equity at current cost 14.7% (from 15.9%); weighted average cash distribution yield on CLO equity 21.6% (from 20.5%). Management noted ~701.5 million of newly issued/acquired CLO equity investments that had not yet made initial distributions. The board authorized a 1-for-5 reverse split and declared monthly common stock distributions of $0.08 for October–December 2025. Management emphasized an unconstrained, total-return-focused CLO strategy, opportunistically participating across primary, secondary, warehousing and reset/refinancing opportunities and lengthened the portfolio's weighted average reinvestment period to January 2029.