Oxford Lane Capital
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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.
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Q2 2027 earnings summary5 Nov, 2026

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.

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Frequently asked questions

Oxford Lane Capital Corp. is a closed-end management investment company primarily focused on investing in the debt and equity tranches of collateralized loan obligations (CLOs). The company seeks to generate income by investing in CLO securities, which are backed by a diversified pool of senior secured loans. Oxford Lane Capital Corp. aims to provide risk-adjusted returns to its shareholders by actively managing its portfolio in line with its investment objectives. The company is headquartered in Greenwich, Connecticut, and its shares are listed on the NASDAQ.