Business
Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended December 31, 2021 and Declaration of Distributions on Common Stock for the Months Ending April 30, May 31, and June 30, 2022
GREENWICH, Conn., March 03, 2022 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQL) (NasdaqGS: OXSQZ) (NasdaqGS: OXSQG) (the
About this update from Oxford Square Capital Corp.
[{"type":"text","content":"GREENWICH, Conn., March 03, 2022 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQL) (NasdaqGS: OXSQZ) (NasdaqGS: OXSQG) (the “Company,” “we,” “us” or “our”) announced today its financial results and related information for the quarter ended December 31, 2021. On March 1, 2022, our Board of Directors declared the following distributions on our common stock: Month EndingRecord DatePayment DateAmount Per Share April 30, 2022April 15, 2022April 29, 2022$0.035 May 31, 2022May 17, 2022May 31, 2022$0.035 June 30, 2022June 16, 2022June 30, 2022$0.035 Net asset value (“NAV”) per share as of December 31, 2021 stood at $4.92, compared with a NAV per share on September 30, 2021 of $5.03. Net investment income (“NII”), calculated in accordance with U.S. generally accepted accounting principles, was approximately $4.5 million, or $0.09 per share, for the quarter ended December 31, 2021, compared with approximately $4.0 million, or $0.08 per share, for the quarter ended September 30, 2021.Total investment income for the quarter ended December 31, 2021 amounted to approximately $10.2 million, compared with approximately $9.8 million for the quarter ended September 30, 2021. For the quarter ended December 31, 2021 we recorded investment income from our portfolio as follows: $4.8 million from our CLO equity, and$5.3 million from our debt investments and other income Our total expenses for the quarter ended December 31, 2021 were approximately $5.7 million, compared with total expenses of approximately $5.8 million for the quarter ended September 30, 2021.As of December 31, 2021, the following metrics applied (note that none of these metrics represented a total return to shareholders): The weighted average yield of our debt investments was 7.7% at current cost, compared with 7.5% as of September 30, 2021.The weighted average effective yield of our CLO equity investments at current cost was 9.1%, which was approximately the same as of September 30, 2021.The weighted average cash distribution yield of our cash income producing CLO equity investments at current cost was 21.2%, compared with 19.6% as of September 30, 2021. For the quarter ended December 31, 2021, we recorded a net increase in net assets resulting from operations, consisting of: NII of approximately $4.5 million;Net realized losses of approximately $3.7 ...