Business
Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended December 31, 2020 and Declaration of Distributions of Common Stock for the Months Ending April 30, May 31, and June 30, 2021.
Oxford Square Capital Corp. also schedules fourth quarter earnings conference call for March 24, 2021. GREENWICH, Conn., March 22, 2021 (GLOBE NEWSWIRE) --
About this update from Oxford Square Capital Corp.
[{"type":"text","content":"Oxford Square Capital Corp. also schedules fourth quarter earnings conference call for March 24, 2021.\nGREENWICH, Conn., March 22, 2021 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQL) (NasdaqGS: OXSQZ) (the “Company,” “we,” “us” or “our”) announced today its financial results and related information for the quarter ended December 31, 2020. As of December 31, 2020, net asset value (“NAV”) per share was $4.55, compared with the NAV per share of $3.85 at the prior quarter end. For the quarter ended December 31, 2020 we recorded GAAP net investment income of approximately $4.7 million, or $0.10 per share.We recorded net unrealized appreciation of approximately $35.7 million and net realized losses on investments of approximately $0.7 million for the quarter ended December 31, 2020, compared to net unrealized appreciation of approximately $20.9 million and net realized losses on investments of approximately $4.4 million for the quarter ended September 30, 2020.In total, we had a net increase in net assets from operations of approximately $39.7 million, or $0.80 per share, for the quarter ended December 31, 2020, compared with a net increase in net assets from operations of approximately $20.8 million, or $0.42 per share, for the quarter ended September 30, 2020. Total investment income for the quarter ended December 31, 2020 amounted to approximately $8.6 million, compared with approximately $8.2 million for the quarter ended September 30, 2020. For the quarter ended December 31, 2020 the components of investment income were as follows: $5.2 million from our debt investments,$3.5 million from our CLO equity investments Our total expenses for the quarter ended December 31, 2020 were approximately $3.9 million, compared with total expenses of approximately $4.0 million for the third quarter of 2020.During the fourth quarter of 2020, we made investments of approximately $46.9 million and recognized proceeds of approximately $25.4 million from sales of investments, and $51.1 million from repayments and amortization payments on our debt investments.As of December 31, 2020, the following metrics applied (note that none of these values represents a total return to shareholders): The weighted average yield of our debt investments was 8.0% at current cost, compared with 8.3% as of September 30, 2020.The wei...