Core Viewpoint - Oxford Lane Capital Corp. announced a preliminary estimate of its net asset value (NAV) per share as of February 28, 2026, ranging between $11.59 and $11.89, indicating potential fluctuations in future financial performance [6]. Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company that primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles [4]. Financial Data - The NAV estimate provided is not a comprehensive statement of the company's financial condition for the month ended February 28, 2026, and has not undergone typical quarter-end financial closing procedures [6]. - As of February 28, 2026, the company had approximately 97.6 million shares of common stock issued and outstanding [6].

Financial Data and Key Metrics Changes - Total investment income increased sequentially, with net investment income (NII) growing more than 50% quarter-over-quarter to $0.31 per share, driven by higher cash income and stronger distributions from the CLO joint venture [10][26] - Net asset value (NAV) per share declined from $10.01 on September 30, 2025, to $8.07 on December 31, 2025, but pro forma NAV was higher at $8.23 per share due to the incentive fee waiver [10][27] - The asset coverage ratio was 158.1% on December 31, 2025, down from 168.2% as of September 30, 2025, but pro forma for the incentive fee waiver, it was 166% [27] Business Line Data and Key Metrics Changes - The portfolio ended the quarter with non-accruals at less than 1% of fair value, reflecting improved credit quality [30] - The company sold its entire allocation of senior secured DIP loans at an average price of 107% of par, and fully exited roll-up DIP loans at an average price of 45% of par, indicating a strategic repositioning of the portfolio [12][30] - Investments in corporate credit that fall under the software category comprise less than 4% of the portfolio, down from about 7% at the end of the previous year [16][32] Market Data and Key Metrics Changes - The CLO investments generated a positive return throughout 2025, outperforming the broader CLO equity market despite contributing to the NAV decline in the fourth quarter [14] - The company is underweight in software-based businesses compared to peers, with BDC exposure over 20% and U.S. loan market at 16% [15][34] Company Strategy and Development Direction - The company aims to strengthen oversight, protect shareholder value, and reinforce accountability across its platform, especially in a challenging credit environment [4][5] - The focus is on rigorous credit standards, transparency, and long-term shareholder value creation, positioning the company for durable performance [9] - The company is committed to deploying capital selectively in a market with attractive risk-adjusted opportunities while maintaining a strong liquidity position [8][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging credit and broader market environment but noted meaningful progress in improving the earnings profile of the company [10] - The company is positioned from a balance sheet strength perspective, with substantial liquidity and no near-term constraints, allowing for flexibility in capital deployment [8][30] - Management emphasized the importance of disciplined capital allocation and proactive portfolio management to navigate uncertainty and capitalize on opportunities [9][30] Other Important Information - The board approved a quarterly dividend of $0.30 per share for the first quarter of 2026, equating to a 19.2% annualized yield based on the closing price [28] - The company has repurchased approximately $18.7 million of its GECCO notes at or below par plus accrued interest, enhancing its capital structure [17] Q&A Session Summary Question: Is the portfolio repositioning completed, or are there more actions to undertake? - Management indicated that significant actions were taken to exit names with perceived downside risk and rotate into higher quality credits, with a clean corporate credit portfolio [32][33] Question: How does the company view its pipeline and risk-adjusted opportunities for new investments? - Management stated that they are evaluating private credit opportunities selectively, focusing on strong covenants and aligned incentives, while maintaining a robust liquidity position [34][35] Question: How does the company weigh stock buybacks against new investments? - Management actively monitors stock price and market opportunities, considering various factors in making decisions about stock buybacks versus new investments [37][38] Question: Will the contribution from CLO investments be more stable moving forward? - Management expects less variability in CLO contributions compared to previous years, although some variability is still anticipated [39]

Financial Data and Key Metrics Changes - Total investment income increased sequentially, with net investment income (NII) growing more than 50% quarter-over-quarter to $0.31 per share, driven by higher cash income and stronger distributions from the CLO joint venture [10][26] - Net asset value (NAV) per share declined from $10.01 on September 30, 2025, to $8.07 on December 31, 2025, with pro forma NAV at $8.23 per share after accounting for the incentive fee waiver [10][27] - The asset coverage ratio was 158.1% on December 31, 2025, down from 168.2% as of September 30, 2025, but pro forma for the incentive fee waiver, it was 166% [27] Business Line Data and Key Metrics Changes - The portfolio ended the quarter with non-accruals at less than 1% of fair value, reflecting improved credit quality [30] - The company sold its entire allocation of senior secured DIP loans at an average price of 107% of par, and fully exited roll-up DIP loans at an average price of 45% of par, indicating a strategic de-risking of investments [12] - Investments in corporate credit that fall under the software category comprised less than 4% of the portfolio, down from about 7% [16][32] Market Data and Key Metrics Changes - The CLO equity-focused closed-end funds reported net asset plus cash distribution returns down -6% to -13% in the fourth quarter, while the company's CLO investments generated a positive return throughout 2025 [15] - The company maintained an underweight exposure to software-based businesses compared to peers, which typically have over 20% exposure [15][34] Company Strategy and Development Direction - The company aims to strengthen oversight, protect shareholder value, and reinforce accountability across its platform, especially in a challenging credit environment [4][5] - The focus is on rigorous credit standards, transparency, and long-term shareholder value creation, with a commitment to disciplined capital allocation and proactive portfolio management [9][30] - The company is positioned to selectively deploy capital as markets reprice risk, emphasizing patience and decisiveness in investment opportunities [8][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged recent quarters were challenging but emphasized the importance of responding decisively and transparently to protect NAV [5][10] - The company is operating from a position of balance sheet strength with substantial liquidity and no near-term constraints, allowing for flexibility in capital deployment [8][30] - Management expressed confidence in the company's ability to generate sustainable NII and improve NAV over time through disciplined credit execution [48] Other Important Information - The board approved a quarterly dividend of $0.30 per share for the first quarter of 2026, equating to a 19.2% annualized yield based on the closing price [28] - The company has enhanced its capital structure by repurchasing approximately $18.7 million of GECCO notes at or below par [17] Q&A Session Summary Question: Portfolio repositioning and future actions - Management indicated that significant actions were taken to exit names with perceived downside risk and rotate into higher quality credits, with a clean corporate credit portfolio [32][33] Question: Pipeline and risk-adjusted opportunities - Management noted ongoing evaluation of private credit opportunities, emphasizing selectivity and strong covenants, while maintaining a cautious approach to market volatility [34][35] Question: Stock repurchase versus new investments - Management is actively monitoring stock price and market opportunities to determine the best approach for shareholder value creation, balancing between stock buybacks and new investments [37][38] Question: CLO investment contributions - Management expects less variability in CLO contributions moving forward, although some variability is still anticipated [39]

Financial Data and Key Metrics Changes - Total investment income increased sequentially, with net investment income (NII) growing more than 50% quarter-over-quarter to $0.31 per share, driven by higher cash income and stronger distributions from the CLO joint venture [10][25] - Net asset value (NAV) per share declined from $10.01 on September 30, 2025, to $8.07 on December 31, 2025, with pro forma NAV at $8.23 per share after accounting for incentive fee waivers [10][26] - The asset coverage ratio was 158.1% on December 31, 2025, down from 168.2% as of September 30, 2025, but pro forma for the incentive fee waiver, it was 166% [26] Business Line Data and Key Metrics Changes - The portfolio ended the year with minimal investments on non-accrual, significantly expanded diversification, and reduced exposure to higher-risk investments, with non-accruals at less than 1% of portfolio fair value [6][28] - The CLO investments generated a positive return throughout 2025, despite contributing to the NAV decline in Q4, and outperformed the broader CLO equity market [13][14] Market Data and Key Metrics Changes - The company maintained substantial liquidity, including cash on hand and availability under its revolving credit facility, with no near-term balance sheet constraints [8][26] - The company is underweight in software-based businesses, with less than 4% of the portfolio in this category, contrasting with higher exposures in the broader market [15][16] Company Strategy and Development Direction - The company aims to strengthen oversight, protect shareholder value, and reinforce accountability across its platform, especially in a challenging credit environment [4][5] - The focus is on disciplined underwriting, thoughtful capital allocation, and proactive portfolio management, with a commitment to rigorous credit standards and long-term shareholder value creation [9][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging credit and broader market environment but noted meaningful progress in improving the earnings profile of the company [10] - The company is positioned to selectively deploy capital as markets reprice risk, with a focus on maintaining liquidity and enhancing portfolio quality [8][28] Other Important Information - The board approved a quarterly dividend of $0.30 per share for Q1 2026, equating to a 19.2% annualized yield based on the closing price [27] - The company has enhanced its capital structure by repurchasing approximately $18.7 million of its notes, maintaining a pro forma debt-to-equity ratio of approximately 1.5x [17][26] Q&A Session Summary Question: Portfolio repositioning actions - Management indicated that significant actions were taken to exit names perceived to have more downside risk and rotate into higher quality credits, with a clean corporate credit portfolio [31][32] Question: Pipeline and risk-adjusted opportunities - Management noted ongoing evaluation of private credit opportunities, emphasizing selectivity and strong covenants, while maintaining a focus on downside protection across all industries [33][34] Question: Stock repurchase versus new investments - Management is actively monitoring stock price and market opportunities to determine the best approach for shareholder value creation, balancing between stock buybacks and new investments [37][38] Question: CLO investment contributions - Management expects contributions from CLO investments to be less variable moving forward, although some variability is still anticipated as cash flow payments come in [39]

Core Viewpoint - Oxford Lane Capital Corp. announced a preliminary estimate of its net asset value (NAV) per share as of November 30, 2025, ranging between $16.34 and $16.64, indicating a focus on its financial performance and market positioning [6]. Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company that primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles. The company may also engage in warehouse facilities, which are financing structures used to aggregate loans for CLO formation [4]. Financial Data - The NAV estimate provided is unaudited and has not undergone the company's typical quarter-end financial closing procedures. The estimate is subject to change and may differ materially from the final NAV for the quarter ending December 31, 2025 [6]. - As of November 30, 2025, the company had approximately 97.4 million shares of common stock issued and outstanding [6].

Core Viewpoint - Oxford Lane Capital Corp. announced a preliminary estimate of its net asset value (NAV) per share as of October 31, 2025, indicating a range between $18.21 and $18.51 [6]. Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company that primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles [4]. Financial Data - The NAV estimate provided is not a comprehensive statement of the company's financial condition for the month ended October 31, 2025, and has not undergone typical quarter-end financial closing procedures [6]. - As of October 31, 2025, the company had approximately 97.4 million shares of common stock issued and outstanding [6].

Core Insights - Oxford Lane Capital Corp. announced a net asset value (NAV) estimate for its common stock ranging from $20.02 to $20.22 as of September 8, 2025, following a 1-for-5 reverse stock split effective September 5, 2025 [1] - The NAV estimate is preliminary and unaudited, and may differ materially from the final NAV for the quarter ending September 30, 2025 [1][2] - The fair value of the company's portfolio investments may be significantly affected by market volatility and other unknown factors after September 8, 2025 [1] Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company that primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles [3] - The company may also invest in warehouse facilities, which are financing structures used to aggregate loans for CLO formation [3]

Core Viewpoint - Oxford Lane Capital Corp. announced a preliminary estimate of its net asset value (NAV) per share as of July 31, 2025, ranging between $4.13 and $4.23, with approximately 485.9 million shares outstanding [6]. Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company that primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles [4]. Financial Data - The preliminary financial data provided is the responsibility of the company's management and has not been audited or reviewed by PricewaterhouseCoopers LLP [3]. - The NAV estimate is not a comprehensive statement of the company's financial condition for the month ended July 31, 2025, and may differ materially from the final NAV for the quarter ending September 30, 2025 [6].

Core Viewpoint - Oxford Lane Capital Corp. announced a preliminary estimate of its net asset value (NAV) per share as of May 31, 2025, ranging between $4.17 and $4.27, with approximately 481.6 million shares of common stock outstanding [6]. Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company that primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles. The company may also invest in warehouse facilities, which are financing structures used to aggregate loans for CLO formation [4]. Financial Data - The preliminary financial data provided is the responsibility of the company's management and has not been audited or reviewed by PricewaterhouseCoopers LLP, which does not express any opinion or assurance regarding the data [3]. - The NAV estimate is not a comprehensive statement of the company's financial condition for the month ended May 31, 2025, and may differ materially from the final NAV for the quarter ending June 30, 2025 [6].