Business
Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended June 30, 2021 and Declaration of Distributions of Common Stock for the Months Ending October 31, November 30, and December 31, 2021
GREENWICH, Conn., July 27, 2021 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQL) (NasdaqGS: OXSQZ) (Nasdaq: OXSQG) (the
About this update from Oxford Square Capital Corp.
[{"type":"text","content":"GREENWICH, Conn., July 27, 2021 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQL) (NasdaqGS: OXSQZ) (Nasdaq: OXSQG) (the “Company,” “we,” “us” or “our”) announced today its financial results and related information for the quarter ended June 30, 2021. As of June 30, 2021, net asset value (“NAV”) per share was $4.91, compared with the NAV per share of $4.88 at the prior quarter end. For the quarter ended June 30, 2021 we recorded GAAP net investment income of approximately $2.8 million, or $0.06 per share.We recorded net unrealized appreciation of approximately $2.5 million and net realized gains on investments of approximately $1.2 million for the quarter ended June 30, 2021, compared to net unrealized appreciation of approximately $31.0 million and net realized losses on investments of approximately $14.1 million for the quarter ended March 31, 2021.In total, we had a net increase in net assets from operations of approximately $6.5 million, or $0.13 per share, for the quarter ended June 30, 2021, compared with a net increase in net assets from operations of approximately $21.8 million, or $0.44 per share, for the quarter ended March 31, 2021. Total investment income for the quarter ended June 30, 2021 amounted to approximately $7.8 million, compared with approximately $9.4 million for the quarter ended March 31, 2021. For the quarter ended June 30, 2021 the components of investment income were as follows: $3.6 million from our debt investments$4.1 million from our CLO equity investments$100,000 from other income Our total expenses for the quarter ended June 30, 2021 were approximately $5.1 million, compared with total expenses of approximately $4.5 million for the first quarter of 2021.During the second quarter of 2021, we made investments of approximately $99.5 million and recorded proceeds of approximately $3.0 million from sales of investments, and $0.6 million from repayments and amortization payments on our debt investments.As of June 30, 2021, 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 7.6% at current cost, compared with 7.7% as of March 31, 2021.The weighted average effective yield of our CLO equity investments at current cost was 10.4%, compared with 9.4% as of March 31, ...