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Oxford Lane Capital (OXLC) investor relations material
Oxford Lane Capital Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
NAV per share was $9.95 at September 30, 2026, down from $10.74 at June 30; operations reduced net assets by $18.5 million, or $0.19 per share.
Q2-27 GAAP NII was $0.49 per share and Core NII was $0.68 per share; portfolio fair value was $1,583.9 million across 280 positions.
Management remained active in CLO investments and viewed secondary-market prices as compelling for potential long-term returns.
Financial highlights
GAAP investment income was $82.2 million, down $4.8 million QoQ; $78.8 million came from CLO equity and warehouse investments, and $3.4 million from CLO debt and other income.
GAAP NII was $47.8 million, or $0.49 per share, versus $50.2 million, or $0.51 per share, in the prior quarter; Core NII was $66.4 million, or $0.68 per share, versus $93.4 million, or $0.95 per share.
Net realized losses were $22.6 million and net unrealized depreciation was $43.8 million for the quarter.
Total expenses were $34.4 million versus $36.8 million in the prior quarter; approximately 98.0 million common shares were outstanding at September 30.
Outlook and guidance
Management intends to continue an opportunistic, unconstrained strategy across U.S. CLO equity, debt, and warehouses, targeting long-term total returns.
Management sees compelling secondary-market opportunities at depressed prices and hopes purchases will produce attractive long-term and cash-on-cash returns.
Management hopes fund flows, technical factors, and supply-demand conditions that pressured the market will begin to reverse.
- Vote on director nominee John Reardon, with board unanimous support and online proxy access.OXLC
Proxy filing - Stockholders will vote on electing John Reardon as director and review key governance and audit matters.OXLC
Proxy filing - Net asset value per share rose to $10.74, but investment income and CLO yields declined.OXLC
Q1 2027 - NAV and investment income dropped, but CLO equity values and market liquidity are stabilizing.OXLC
Q4 2026 - NAV and income fell, distributions cut to $0.20, portfolio 99% CLO equity.OXLC
Q3 2026 - NAV per share fell to $4.12 as core net investment income and portfolio value increased.OXLC
Q1 2026 - NAV per share fell to $4.76 as CLO investment yields and cash distributions declined.OXLC
Q2 2025 - Core net investment income reached $107.2M, NAV per share rose, and $242M was raised.OXLC
Q1 2025 - NAV per share reached $4.82 as investment income and portfolio value increased.OXLC
Q3 2025
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