Oxford Square Capital Corp (NAS:OXSQ)

Q4 2024 Oxford Square Capital Corp Earnings Call Transcript

Feb 28, 2025 / 02:00 PM GMT

Release Date Price: $2.81 (+0.36%)

Transcript 10-K8-K

Key Points

Positve

Oxford Square Capital Corp (OXSQ) reported net investment income of approximately $6 million or $0.09 per share for the fourth quarter of 2024.
The company distributed $0.105 per share to its common stock shareholders during the quarter.
Total investment income for the fourth quarter was approximately $10.2 million, showing stability compared to the prior quarter.
The company issued approximately 1.8 million shares of common stock, resulting in net proceeds of approximately $5 million.
US loan market performance improved during the quarter, with loan prices increasing as per the Morningstar LSTA US leverage loan Index.

Negative

Net asset value per share decreased to $2.30 from $2.35 in the prior quarter.
The company recorded combined net unrealized and realized losses on investments of approximately $2.7 million or $0.04 per share.
The 12-month trailing default rate for the loan index increased to 0.91% by principal amount at the end of the quarter.
There was a decrease in triple C rated loan prices by 373 basis points on average.
The distress ratio, defined as the percentage of loans with prices below 80% of par, remained elevated at 3.02%.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OXSQ.OQ - Oxford Square Capital Corp
Q4 2024 Oxford Square Capital Corp Earnings Call
Feb 28, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to the Oxford Square Capital Corp 4th quarter 2024 earnings conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you need assistance, please press 0 for the operator.

This call is being recorded on Friday, February 28, 2025. I would now like to turn the conference over to Mr. Jonathan Cohen. Please go ahead.

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Unidentified_2 [2]
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