- Oxford Square Capital Corp (OXSQ, Financial) announces a decrease in Net Asset Value (NAV) from $2.30 to $2.09 per share as of March 31, 2025.
- Net investment income remains constant at $0.09 per share for the first quarter of 2025.
- Monthly distributions of $0.035 per share are declared for July, August, and September 2025.
Oxford Square Capital Corp (NASDAQ: OXSQ) has released its financial results for the first quarter of 2025, revealing a decrease in Net Asset Value (NAV) to $2.09 per share as of March 31, down from $2.30 in December 2024. Despite the decline in NAV, the company's net investment income held steady at $0.09 per share.
The total investment income for the quarter amounted to $10.2 million, which includes $5.5 million from debt investments, $4.0 million from CLO equity investments, and $0.7 million from other income. These figures demonstrate the company's diverse investment strategy across various asset classes.
The board has declared monthly distributions of $0.035 per share for July, August, and September 2025, allowing shareholders to benefit from consistent income. The weighted average yield of debt investments was reported at 14.3%, while the effective yield of CLO equity investments was 9.0%. Furthermore, the cash distribution yield of CLO equity investments stood at 16.0%.
For the first quarter, Oxford Square Capital Corp recorded a net decrease in assets of $8.1 million, which is attributed to $12.2 million in realized losses and $2.1 million in unrealized depreciation. The company's investment activity during the quarter included $16.0 million in purchases, $10.7 million in sales, and $8.7 million in repayments.
Oxford Square Capital Corp will hold a conference call on April 25, 2025, at 9:00 AM ET to discuss these results further. Interested parties can access the call using the listed dial-in number.
