Oxford Lane Capital Corp (NAS:OXLCM.PFD)

Q2 2025 Oxford Lane Capital Corp Earnings Call Transcript

Nov 01, 2024 / 01:00PM GMT

Transcript

Key Points

Positve

Oxford Lane Capital Corp (OXLC) reported an increase in GAAP total investment income to approximately $105.1 million, up by $15.4 million from the prior quarter.
The company recorded GAAP net investment income of approximately $67.2 million, maintaining a consistent income per share of $0.22.
Oxford Lane Capital Corp (OXLC) made significant additional CLO investments totaling approximately $540 million during the quarter.
The US loan market performance improved, with the US Loan Price Index increasing, leading to a 60 basis point increase in median US CLO equity net asset values.
The company successfully lengthened the weighted average reinvestment period of its CLO equity portfolio from November 2026 to September 2027.

Negative

Net Asset Value per share decreased from $4.91 to $4.76 as of September 30, 2024.
The weighted average yield of CLO debt and equity investments saw a slight decline compared to the previous quarter.
Oxford Lane Capital Corp (OXLC) recorded net unrealized depreciation on investments of approximately $52.5 million.
The cash distribution yield of CLO equity investments decreased from 26.9% to 24.1%.
US new issuance during the quarter decreased by $20 billion compared to the prior quarter, indicating a slowdown in market activity.

Operator

Hello, everyone and welcome to Oxford Lane Capital Corp, announcing their Net Asset Value and selective financial results for the second fiscal quarter. My name is Lydia and I'll be your operator today. (Operator Instructions.)

I'll now hand you over to Jonathan Cohen CEO to begin. Please go ahead.

Jonathan Cohen

Oxford Lane Capital Corp - Chief Executive Officer, Director

Thanks very much. Good morning, everyone and welcome to the Oxford Lane Capital Corp second fiscal quarter 2025 Earnings Conference Call. I'm joined today by Saul Rosenthal, our President Bruce Rubin, our Chief Financial Officer and Joe Kupka, our Managing Director. Bruce, could you please open our call today with the disclosure regarding forward-looking statements?

Bruce Rubin

Oxford Lane Capital Corp - Chief Financial Officer, Chief Accounting Officer, Treasurer, Corporate Secretary

Sure. Jonathan, today's conference call is being recorded and an audio replay of the call will be available for 30 days. Replay information is included in

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