Highlights 

  • The Board approves common stock distributions of USD 0.40 per share for Jan–Mar 2026. 
  • Core Net Investment Income reaches USD 120.0M, or USD 1.24 per share, in Q2 FY2026. 
  • Net Asset Value per share stands at USD 19.19 as of September 30, 2025. 

Oxford Lane Capital Corp.(NASDAQ:OXLC) released its financial results for the second fiscal quarter ended September 30, 2025, alongside the declaration of monthly distributions on common stock for the first quarter of calendar year 2026. 

On October 24, 2025, the Board of Directors declared monthly distributions of USD 0.40 per share for the months ending January, February, and March 2026, payable on January 30, February 27, and March 31, 2026, respectively. 

As of September 30, 2025, the company’s Net Asset Value per share was USD 19.19, compared with USD 20.60 on June 30, 2025. These figures were retroactively adjusted to reflect the 1-for-5 reverse stock split completed on September 5, 2025. 

Earnings and Investment Results 

For the quarter, Oxford Lane reported GAAP Net Investment Income of approximately USD 81.4M, or USD 0.84 per share. 
Core Net Investment Income totaled USD 120.0M, or USD 1.24 per share, inclusive of all applicable cash distributions from the company’s collateralized loan obligation equity investments. 

Total investment income for the period was USD 128.3M, marking an increase of USD 4.3M compared with the prior quarter. 
Investment income sources included: 

  • USD 124.6M from CLO equity and warehouse investments. 
  • USD 3.7M from CLO debt investments and other income. 

Total expenses came to USD 47.0M, slightly below the USD 49.0M recorded in the previous quarter. 

The company reported a net decrease in net assets from operations of USD 5.3M, or USD 0.05 per share, consisting of NII of USD 81.4M, net realized losses of USD 18.1M, and net unrealized depreciation of USD 68.5M. 

Investment Activity  

During the quarter, Oxford Lane invested approximately USD 145.2M and received about USD 173.5M from sales and repayments of CLO investments. 

Share Issuance and Repurchase Activity 

In Q2 FY2026, the company issued approximately 700,000 shares under its at-the-market offering, generating USD 14.5M in net proceeds after related expenses. 
Oxford Lane also repurchased around 1.2M shares for USD 20.5M, ending the quarter with roughly 97.1M common shares outstanding. 

Preferred Share Dividends 

The Board declared monthly dividends for the company’s 6.25% Series 2027, 6.00% Series 2029, and 7.125% Series 2029 Term Preferred Shares. 
Each will pay annualized dividends of USD 1.5625, USD 1.5000, and USD 1.78125 per share, respectively, based on a USD 25.00 per share liquidation preference. 

About Oxford Lane Capital Corp. 

Oxford Lane Capital Corp. is a publicly listed, closed-end management investment company focused on investing in the debt and equity tranches of CLO vehicles. Its portfolio also includes CLO warehouse facilities designed to accumulate loans that may be used in the creation of new CLO structures.