The following is a summary of the Oxford Square Capital Corp. (OXSQ) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Oxford Square reported Q3 net investment income of approximately $6.2 million, or $0.10 per share, compared to $7.7 million, or $0.13 per share in the prior quarter.

• Net Asset Value (NAV) per share is $2.35, down from $2.43 in the previous quarter.

• Total investment income for the quarter was $10.3 million, down from $11.4 million in the prior quarter.

• The company experienced combined net unrealized and realized losses on investments totaling approximately $7.1 million or $0.11 per share.

Business Progress:

• New share issuance: Oxford Square issued approximately 5.1 million shares, generating $14.5 million in net proceeds.

• Monthly distributions declared for the next quarter are $0.035 per share for January, February, and March of 2025.

Opportunities:

• The company saw an increase in primary market issuance in the U.S. Leveraged Loan market, reaching $109.8 billion, which presents an opportunity for further investment particularly in M&A and LBO activity.

Risks:

• While the default rate on loans has decreased, out-of-court restructurings and exchanges continue to pose financial stress.

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