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Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended December 31, 2024 and Declaration of Distributions on Common Stock for the Months Ending April 30, May 31, and June 30, 2025
OXSQOxford Square Capital (OXSQ) GlobeNewswire·2025-02-28 13:00

Core Viewpoint - Oxford Square Capital Corp. reported its financial results for the quarter ended December 31, 2024, highlighting a decrease in net asset value and net investment income compared to the previous quarter [1][2]. Financial Performance - Net asset value (NAV) per share as of December 31, 2024, was 2.30,downfrom2.30, down from 2.35 on September 30, 2024 [2]. - Net investment income (NII) for the quarter was approximately 6.0million,or6.0 million, or 0.09 per share, compared to 6.2million,or6.2 million, or 0.10 per share, for the previous quarter [2]. - Total investment income for the quarter was approximately 10.2million,slightlydownfrom10.2 million, slightly down from 10.3 million in the prior quarter [2]. - Total expenses for the quarter were approximately 4.2million,consistentwiththepreviousquarter[2].InvestmentBreakdown−Investmentincomeforthequarterincluded4.2 million, consistent with the previous quarter [2]. Investment Breakdown - Investment income for the quarter included 5.4 million from debt investments, 4.1millionfromCLOequityinvestments,and4.1 million from CLO equity investments, and 0.8 million from other income [2]. - The weighted average yield of debt investments increased to 15.8% from 14.5% as of September 30, 2024 [2]. - The weighted average effective yield of CLO equity investments decreased to 8.8% from 9.6% [2]. - The weighted average cash distribution yield of cash income-producing CLO equity investments increased to 16.2% from 15.3% [2]. Asset and Liability Overview - Total assets as of December 31, 2024, were approximately 299.7million,upfrom299.7 million, up from 277.7 million as of December 31, 2023 [5]. - Total liabilities were approximately 139.1million,comparedto139.1 million, compared to 126.4 million a year earlier [5]. - The company had one debt investment and preferred equity investments in non-accrual status, with fair values of approximately 0.5millionand0.5 million and 4.6 million, respectively [2]. Shareholder Information - The company declared distributions of 0.035pershareforApril,May,andJune2025[2].−Approximately1.8millionsharesofcommonstockwereissuedduringthequarter,resultinginnetproceedsofapproximately0.035 per share for April, May, and June 2025 [2]. - Approximately 1.8 million shares of common stock were issued during the quarter, resulting in net proceeds of approximately 5.0 million [2]. - As of December 31, 2024, there were approximately 69.8 million shares of common stock outstanding [2].