Oxford Square Capital (US:OXSQ)2025-08-07 14:00Financial Data and Key Metrics Changes - For the quarter ended June 30, 2025, the company's net investment income was approximately $5.5 million or $0.08 per share, a decrease from approximately $6.1 million or $0.09 per share in the prior quarter [4] - The net asset value per share decreased to $2.06 compared to $2.90 in the prior quarter [4] - Total investment income for the second quarter was approximately $9.5 million, down from approximately $10.2 million in the prior quarter [5] - The company recorded combined net unrealized and realized losses on investments of approximately $1.1 million or $0.01 per share, compared to losses of approximately $14.2 million or $0.20 per share in the prior quarter [5] Business Line Data and Key Metrics Changes - The investment activity during the quarter included repayments of approximately $233,000 [5] - The company issued approximately 4.9 million shares of common stock in an aftermarket offering, resulting in net proceeds of approximately $11.6 million [5] Market Data and Key Metrics Changes - The US loan market performance strengthened, with US loan prices increasing from 96.31% of par as of March 31 to 97.07% of par as of June 30 [6][7] - The twelve-month trailing default rate for the loan index increased to 1.11% by principal amount at the end of the quarter from 0.82% at the end of March [7] - The distressed ratio, defined as a percentage of loans with prices below 80% of par, ended the quarter at 3.06% compared to 3.21% at the end of March [8] Company Strategy and Development Direction - The company announced a public offering of $65 million in aggregate principal amount of unsecured notes, which will be used for investments and repayment of existing debt [6] - The company focuses on portfolio management strategies designed to maximize long-term total returns [10] Management's Comments on Operating Environment and Future Outlook - Management noted that the US loan market showed signs of improvement compared to the prior quarter, indicating a potentially favorable operating environment [6] - The company has historically been able to take a longer-term view towards its investment strategy as a permanent capital vehicle [10] Other Important Information - The Board of Directors declared monthly distributions of $0.035 per share for each of the months ending October, November, and December 2025 [5] Q&A Session Summary - No questions were raised during the Q&A session, and the call concluded without any inquiries from participants [13][14]