Oxford Square Capital Reports Q2 Earnings with Improved Net Investment Income and CLO Equity Investments
In its second-quarter earnings report, Oxford Square Capital Corp. (NASDAQ: OXSQ) reported a rise in net investment income to $5.1 million or $0.05 per share from $4.1 million in the first quarter. Total investment income also increased slightly to $9.4 million. The company's net asset value declined modestly to $1.29 per share, down from $1.32 at the end of Q1. Oxford Square invested approximately $19.9 million in CLO equity through secondary-market purchases and recorded a significant reduction in investment losses—from $29.7 million in Q1 to just $1.1 million in Q2—due largely to unrealized gains from improved valuations. The firm also issued 11.3 million shares via its at-the-market program, raising about $17.8 million. The company declared monthly distributions of $0.035 per share for October through December 2026 but did not provide a timeline for when net investment income will fully cover these payouts.
Tickers: $OXSQ
Topics: capital raising CLO equity investments net investment income