Q4 2025 Oxford Square Capital Corp Earnings Call Transcript
Key Points
- Oxford Square Capital Corp (OXSQ) reported a total investment income of approximately $10.4 million for the fourth quarter, an increase from $10.2 million in the prior quarter.
- The company distributed $0.105 per share to common stock shareholders during the quarter.
- Oxford Square Capital Corp (OXSQ) issued approximately 4.3 million shares of common stock through an at-the-market offering, resulting in net proceeds of approximately $7.9 million.
- The Board of Directors declared monthly distributions of $0.035 per share for April, May, and June 2026.
- The company continues to focus on portfolio management strategies designed to maximize long-term total return, leveraging its status as a permanent capital vehicle to take a longer-term view on investment strategy.
- Net investment income decreased slightly to approximately $5.4 million or $0.07 per share from $5.6 million or $0.07 per share in the prior quarter.
- Net asset value per share declined to $1.69 from $1.95 in the previous quarter.
- The company recorded combined net unrealized and realized losses on investments of approximately $18.3 million or $0.22 per share, a significant increase from $7.5 million or $0.09 per share in the prior quarter.
- The US loan market performance declined, with US loan prices decreasing slightly from 97.06% of par to 96.64% of par.
- The distress ratio, defined as a percentage of loans with prices below 80% of par, increased to 4.34% from 2.88% at the end of September, indicating increased market stress.
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 Square Capital Corp fourth quarter 2025 earnings release conference call. (Operator Instructions)
It is now my pleasure to turn the call over to CEO, Jonathan Cohen. Please go ahead.
Good morning, everyone. Welcome to the Oxford Square Capital Corp fourth quarter 2025 earnings conference call. I'm joined today by Saul Rosenthal, our President; Bruce Rubin, our CFO; and Kevin Yonon, Managing Director and Portfolio Manager. Bruce, could you open the call with a disclosure regarding forward-looking statements?
Of course, Jonathan. Today's conference call is being recorded. An audio replay of the conference call will be available for 30 days. Replay information is
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