Oxford Lane Capital Corp. Announces Net Asset Value and Selected Financial Results for the First Fiscal Quarter; Declaration of Distributions on Common Stock for the Months Ending October, November, and December 2025; and Board Approval of 1-for-5 Re

GREENWICH, Conn., July 23, 2025 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NASDAQ:OXLC) (NASDAQ:OXLCP) (NASDAQ:OXLCL) (NASDAQ:OXLCO) (NASDAQ:OXLCZ) (NASDAQ:OXLCN) (NASDAQ:OXLCI) (NASDAQ:OXLCG) ("Oxford Lane," the "Company," "we," "us" or "our") announced today the following financial results and related information: 

On July 22, 2025, our Board of Directors declared the following distributions on our common stock:  

Month Ending

Record Date

Payment Date

Amount Per Share

October 31, 2025

October 17, 2025

October 31, 2025

$0.08

November 30, 2025

November 14, 2025

November 28, 2025

$0.08

December 31, 2025

December 17, 2025

December 31, 2025

$0.08

 

 

 

 

On July 22, 2025, our Board of Directors approved a 1-for-5 reverse stock split of our issued and outstanding common stock (the "reverse stock split"). We expect to complete the reverse stock split during the quarter ended September 30, 2025, but there is no guarantee that the reverse stock split will be completed during the September 30, 2025 fiscal quarter or at all. If a reverse stock split is completed, the common stock distribution amount per share will be proportionally increased. We will announce additional details prior to the effective date of the reverse stock split.

Net asset value ("NAV") per share as of June 30, 2025 stood at $4.12, compared with a NAV per share on March 31, 2025 of $4.32.

Net investment income ("NII"), calculated in accordance with U.S. generally accepted accounting principles ("GAAP"), was approximately $75.1 million, or $0.16 per share, for the quarter ended June 30, 2025.

Our core net investment income ("Core NII") was approximately $112.4 million, or $0.24 per share, for the quarter ended June 30, 2025.

Core NII incorporates all applicable cash distributions received, or entitled to be received (if any, in either case), on our collateralized loan obligation ("CLO") equity investments. See additional information under "Supplemental Information Regarding Core Net Investment Income" below.

We emphasize that our taxable income may differ materially from our GAAP NII and/or our Core NII, and that neither GAAP NII nor Core NII should be relied upon as indicators of our taxable income.

Total investment income for the quarter ended June 30, 2025 amounted to approximately $124.0 million, which represented an increase of approximately $2.8 million from the quarter ended March 31, 2025.

For the quarter ended June 30, 2025 we recorded investment income as follows:

Approximately $117.4 million from our CLO equity and CLO warehouse investments, and

Approximately $6.6 million from our CLO debt investments and other income.

Our total expenses for the quarter ended June 30, 2025 were approximately $49.0 million, compared with total expenses of approximately $45.8 million for the quarter ended March 31, 2025.

As of June 30, 2025, the following metrics applied (note that none of these metrics represented a total return to shareholders):

The ...