Oxford Square Capital (OXSQ) - 2024 Q4 - Annual Results

Financial Performance - As of December 31, 2024, the net asset value (NAV) per share was $2.30, a decrease from$2.35 as of September 30, 2024[1] - Net investment income (NII) for the quarter ended December 31, 2024, was approximately $6.0 million, or$0.09 per share, down from $6.2 million, or$0.10 per share, for the previous quarter[1] - Total investment income for the quarter was approximately $10.2 million, slightly down from$10.3 million in the prior quarter[1] - The company recorded a net increase in net assets resulting from operations of approximately $3.3 million, which included net realized losses of approximately$44.8 million and net unrealized appreciation of approximately $42.1 million[1] - Net asset value at the end of 2024 is$2.30, down from $2.55 in 2023, reflecting a decrease of 9.80$0.42 per share, compared to $0.51 per share in 2023, a decline of 17.65$0.42 in 2024 from $0.55 in 2023, a reduction of 23.64$25.1 million and received approximately $22.0 million from sales and repayments of investments[1] - The company is focused on investing in syndicated bank loans and collateralized loan obligation (CLO) vehicles, indicating a strategic emphasis on these areas[14] Shareholder Information - As of December 31, 2024, the company had approximately 69.8 million shares of common stock outstanding[2] - The company issued approximately 1.8 million shares of common stock during the quarter, resulting in net proceeds of approximately$5.0 million[2] - Shares outstanding at the end of 2024 increased to 69,758,938 from 59,300,472 in 2023, an increase of 17.73%[8] Expense Management - The total expenses for the quarter were approximately $4.2 million, consistent with the previous quarter[1] - The ratio of expenses to average net assets improved to 10.66$152,362,000, compared to $149,944,000 in 2023, an increase of 1.00%[8]