| --- | --- | |----------------------------------|-------| | | | | Oxford Square Capital Corp. | | | Investor Presentation | | | Quarter Ended September 30, 2020 | | Disclaimer This presentation is neither an offer to sell, nor a solicitation of an offer to purchase, any securities of Oxford Square Capital Corp. ("OXSQ" or the "Company"). This presentation and the summaries contained herein do not purport to be complete and no obligation to update or otherwise revise such information is being assumed. Nothi ...

Financial Data and Key Metrics Changes - For the quarter ended September 30, the company's net investment income was $0.09 per share, and the net asset value per share increased to $3.85 from $3.54 in the prior quarter [7] - Total investment income for Q3 2020 was approximately $8.2 million, slightly down from approximately $8.3 million in the previous quarter [8] - The company recorded net unrealized appreciation on investments of approximately $20.9 million or $0.42 per share, compared to $19 million or $0.38 per share in the prior quarter [8] - Realized losses on investments were approximately $4.4 million or $0.09 per share, up from $2.8 million or $0.06 per share in the previous quarter [9] - The net increase in net assets from operations was approximately $20.8 million or $0.42 per share, compared to $20.6 million or $0.41 per share in the prior quarter [9] Business Line Data and Key Metrics Changes - Investment activity during Q3 included purchases of approximately $18.3 million, sales of approximately $8.3 million, and repayments of approximately $600,000 [10] - The company continues to hold two debt investment incomes on non-accrual status and preferred equity investments in one portfolio company also on non-accrual status [10] Market Data and Key Metrics Changes - The U.S. loan market strengthened compared to the previous quarter, with loan prices increasing from 89.88% of par to a high of 93.96% before settling at 93.18% [13] - The 12-month trailing default rate for the S&P/LSTA leveraged loan index increased to 4.17% by principal amount, up from 3.23% at the start of the quarter [14] - The distress ratio, defined as the percentage of loans priced below 80% of par, decreased to approximately 5% from 8% on June 30 [14] - Year-to-date primary market issuance was approximately $203 billion, which is 15.8% below the comparable period in 2019 [14] - U.S. loan fund outflows moderated to $2.9 billion for the quarter, down from approximately $4 billion in the previous quarter [15] Company Strategy and Development Direction - The company focuses on portfolio management strategies designed to maximize long-term total return, taking a longer-term view towards investment strategy [15] - Management is exploring opportunities to lower the cost of capital through potential credit facilities, which could improve net investment income yield [24][25] Management's Comments on Operating Environment and Future Outlook - Management noted a significant level of bifurcation in the market, with varying risks across different industries and companies [21][22] - The current economic environment remains uncertain, with expectations of a realignment in market, sector, and corporate risks [22] - The company is looking at distressed opportunities but has not historically participated in the distressed markets in a meaningful way [23] Other Important Information - The Board of Directors declared monthly distributions of $0.035 per share for January, February, and March of 2021, but management cautioned against relying on these distributions for future periods [11][12] Q&A Session Summary Question: Impact of Fed's financing facilities on loan market supply and demand - Management indicated that there is sufficient supply in both primary and secondary markets for investment strategy execution, but future dynamics are difficult to predict [19] Question: Default rate assumptions for investments - Management stated that they apply a higher level of specificity rather than a blanket assumption for default rates, noting significant variations across industries and companies [21] Question: Opportunities in distressed deals - Management is looking at individual distressed opportunities but has not historically engaged significantly in distressed markets [23] Question: Outlook for credit facilities to reduce debt capital costs - Management regularly evaluates the potential for credit facilities to lower capital costs and improve net investment income yield [24][25] Question: Impediments to merging Oxford Square and Oxford Lane - Management found the question interesting but did not provide a specific answer regarding potential mergers [26]

Oxford Square Capital Corp. (NASDAQ:OXSQ) Q2 2020 Results Conference Call July 28, 2020 9:00 AM ET Company Participants Jonathan Cohen - Chief Executive Officer Bruce Rubin - Chief Financial Officer Kevin Yonon - Managing Director & Portfolio Manager Debdeep Maji - Senior Managing Director & Portfolio Manager Conference Call Participants Mickey Schleien - Ladenburg Operator Good day and welcome to the Oxford Square Capital Corp Second Quarter 2020 Earnings Release and Conference Call. All participants will ...

| --- | --- | |-----------------------------|-------| | | | | Oxford Square Capital Corp. | | | Investor Presentation | | | Quarter Ended June 30, 2020 | | Disclaimer This presentation is neither an offer to sell, nor a solicitation of an offer to purchase, any securities of Oxford Square Capital Corp. ("OXSQ" or the "Company"). This presentation and the summaries contained herein, do not purport to be complete and no obligation to update or otherwise revise such information is being assumed. Nothing shall ...

Oxford Square Capital Corp. (NASDAQ:OXSQ) Q1 2020 Results Conference Call April 28, 2020 9:00 AM ET Company Participants Jonathan Cohen - CEO Bruce Rubin - CFO Kevin Yonon - Managing Director and Portfolio Manager Debdeep Maji - Senior Managing Director and Portfolio Manager Conference Call Participants Mickey Schleien - Ladenburg Operator Good morning and welcome to Oxford Square Capital First Quarter Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After todayÂ's presen ...

| --- | --- | |------------------------------|-------| | | | | Oxford Square Capital Corp. | | | Investor Presentation | | | Quarter Ended March 31, 2020 | | Disclaimer This presentation is neither an offer to sell, nor a solicitation of an offer to purchase, any securities of Oxford Square Capital Corp. ("OXSQ" or the "Company"). This presentation and the summaries contained herein, do not purport to be complete and no obligation to update or otherwise revise such information is being assumed. Nothing shal ...

| --- | --- | |---------------------------------|-------| | | | | Oxford Square Capital Corp. | | | Investor Presentation | | | Quarter Ended December 31, 2019 | | Disclaimer This presentation is neither an offer to sell, nor a solicitation of an offer to purchase, any securities of Oxford Square Capital Corp. ("OXSQ" or the "Company"). This presentation and the summaries contained herein, do not purport to be complete and no obligation to update or otherwise revise such information is being assumed. Nothin ...

Oxford Square Capital Corp. (NASDAQ:OXSQ) Q4 2019 Earnings Conference Call February 26, 2020 9:00 AM ET Company Participants Jonathan Cohen - CEO Saul Rosenthal - President Bruce Rubin - CFO Kevin Young - Managing Director and Portfolio Manager Conference Call Participants Mickey Schleien - Ladenburg Operator Good day and welcome to the Oxford Square Capital Corp. Fourth Quarter 2019 Earnings Conference Call. All participants will be in listen only mode. [Operator Instructions] After today's presentation th ...

Oxford Square Capital Corp. (NASDAQ:OXSQ) Q3 2019 Results Conference Call October 30, 0000 9:00 AM ET Company Participants Jonathan Cohen - Chief Executive Officer Saul Rosenthal - President Bruce Rubin - Chief Financial Officer Kevin Young - Managing Director and Portfolio Manager Operator Good day and welcome to the Oxford Square Capital Corp. Third Quarter 2019 Earnings Release and Conference Call. All participants will be in a listen only mode, [Operator Instructions]after today's presentation there wil ...

Oxford Square Capital Corp. Investor Presentation Quarter Ended June 30, 2019 Disclaimer This presentation is neither an offer to sell, nor a solicitation of an offer to purchase, any securities of Oxford Square Capital Corp. ("OXSQ" or the "Company"). This presentation and the summaries contained herein, do not purport to be complete and no obligation to update or otherwise revise such information is being assumed. Nothing shall be relied upon as a promise or representation as to the future performance of ...