Oxford Square Capital Corp. (OXSQ) reported its financial results for the second quarter of 2026, revealing a total investment income of approximately $9.4 million, a slight decrease from $9.5 million in the same period last year. For the six months ending June 30, 2026, total investment income was approximately $18.3 million, down from $19.7 million in the prior year. The decline in income was primarily attributed to reduced earnings from securitization vehicles and investments, alongside increased interest expenses, which rose to approximately $2.8 million for the quarter compared to $1.9 million in the previous year.

The company's net investment income for the second quarter was approximately $5.1 million, translating to $0.05 per share, down from $5.5 million or $0.08 per share in the same quarter of 2025. For the first half of 2026, net investment income was approximately $9.3 million, or $0.10 per share, compared to $11.6 million, or $0.16 per share, in the prior year. The net increase in net assets resulting from operations for the second quarter was approximately $4.0 million, while the first half of the year saw a net decrease of $21.5 million, compared to a decrease of $3.7 million in the same period of 2025.

As of June 30, 2026, Oxford Square's total assets were approximately $290.6 million, a decrease from $306.7 million at the end of 2025. The company's liabilities also decreased to $155.6 million from $161.3 million. The net asset value per share was reported at $1.29, down from $1.69 at the end of the previous fiscal year. The company’s investment portfolio included approximately $147.2 million in senior secured notes, $90.3 million in collateralized loan obligations (CLOs), and $15.4 million in equity and other investments.

In terms of strategic developments, Oxford Square Capital Corp. raised approximately $30.1 million through its at-the-market (ATM) offering during the first half of 2026, issuing a total of 18.4 million shares. The company has also maintained a share repurchase program, although no shares were repurchased during the reported quarter. The company continues to focus on maximizing total return through investments primarily in corporate debt securities and CLOs, with a weighted average yield on debt investments of approximately 14.95% as of June 30, 2026.

Looking ahead, Oxford Square Capital Corp. remains committed to its investment strategy while navigating market conditions. The company has indicated that it will continue to monitor its portfolio and make adjustments as necessary to optimize returns for its shareholders. The management's outlook reflects a cautious approach, considering the current economic environment and potential impacts on investment performance.

About Oxford Square Capital Corp.

Oxford Square Capital Corp. is a non-diversified management investment company regulated as a business development company (BDC). It primarily invests in corporate debt securities, collateralized loan obligations (CLOs), and related structured finance assets to generate risk-adjusted total returns. The company focuses on middle-market companies, leveraging extensive credit analysis, a strong sourcing network, and active portfolio monitoring to provide financing that supports growth, acquisitions, and recapitalizations.

This description was generated via AI from an annual report. Updated about 1 year ago.

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