Oxford Lane Capital Corp (NAS:OXLCP.PFD)

Q1 2027 Oxford Lane Capital Corp Earnings Call Transcript

Jul 28, 2026 / 01:00PM GMT

Release Date Price: $25.01

Transcript

Key Points

Positve

Net asset value per share increased to $10.74 from $10.56 in the prior quarter.
Net unrealized appreciation of investments was approximately $54.5 million for the quarter.
Weighted average reinvestment period of the CLO equity portfolio extended from October 2029 to November 2029.
Active trading of over $85 million in CLO equity and participation in numerous resets and refinancings to lower funding costs.
Improved bid-ask spreads in the secondary market, creating attractive opportunities for relative value trading.

Negative

GAAP total investment income decreased by approximately $6.9 million compared to the prior quarter.
Core net investment income fell to $0.95 per share from $1.03 per share in the prior quarter.
Weighted average effective yield on CLO equity investments declined to 11.1% from 11.7%.
Cash distribution yield on CLO equity investments decreased to 16.3% from 16.7%.
Net realized losses of approximately $28.4 million were recorded during the quarter.

Operator

Thank you for standing by. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Oxford Lane Capital Corp announces net asset value and selected financial results for the first fiscal quarter 2027 conference call. (Operator Instructions)

It is now my pleasure to turn the call over to Mr. Jonathan Cohen, CEO. Please go ahead.

Jonathan Cohen

Oxford Lane Capital Corp - Chief Executive Officer, Director

Thank you very much. Good morning, everyone. Welcome to the Oxford Lane Capital Corp first fiscal quarter 2027 earnings conference call. I'm joined today by Saul Rosenthal, our President; Bruce Rubin, our CFO; and Joe Kupka, our Managing Director and Portfolio Manager.

Bruce, could you open the call with the disclosure regarding forward-looking statements?

Bruce Rubin

Oxford Lane Capital Corp - Chief Financial Officer and Company Secretary, Treasurer and Controller

Sure, Jonathan. Today's conference call is being recorded. An audio replay

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