Oxford Square Capital Corp. · NASDAQ:OXSQ

Oxford Square Capital — Q2 2026 Earnings Presentation

13 slides from Oxford Square Capital's earnings presentation, Jun 30, 2026

  1. Slide 1: Oxford Square Capital Corp. Investor Presentation Quarter Ended June 30, 2026

    Oxford Square Capital Corp. Investor Presentation Quarter Ended June 30, 2026

  2. Slide 2: Disclaimer

    Disclaimer This presentation is neither an offer to sell, nor a solicitation of an offer to purchase, any securities of Oxford Square Capital Corp. (“OXSQ” or the “Company”). This presentation and the summaries contained herein do not purport to be complete and no obligation to update or otherwise r

  3. Slide 3: Financial Highlights

    Financial Highlights ($ per share) Q2-26 Q1-26 Q4-25 Q3-25 Q2-25 Net investment income1 $ 0.05 $ 0.05 $ 0.07 $ 0.07 $ 0.08 Distributions declared and paid $ 0.105 $ 0.105 $ 0.105 $ 0.105 $ 0.105 Net realized losses on investments 1 $ (0.05) $ (0.35) $ (0.03) $ (0.00) $ (0.03) Net unrealized gains (l

  4. Slide 4: Summary Portfolio Highlights

    Summary Portfolio Highlights Portfolio Activity ($ in millions) Q2-26 Q1-26 Q4-25 Q3-25 Q2-25 New investments $ 19.9 $ 15.8 $ 18.0 $ 58.1 $ - Sales and Repayments 0.5 0.4 7.4 31.3 0.2 Net investment activity $ 19.4 $ 15.4 $ 10.5 $ 26.9 $ (0.2) 1 14.9% 14.7% 14.5% 14.6% 14.5% Weighted average yield o

  5. Slide 5: CLO Equity & Initial Distribution Schedule

    CLO Equity & Initial Distribution Schedule ($ in millions) Q2-26 Q1-26 Q4-25 Q3-25 Q2-25 1 CLO equity which has made its initial distribution to OXSQ (at original cost) $ 233.5 $ 213.9 $ 211.6 $ 209.8 $ 192.9 CLO equity which has not made its initial distribution to OXSQ (at original cost)2 11.2 - -

  6. Slide 6: CLO Portfolio Summary

    CLO Portfolio Summary OXSQ CLO Portfolio Information as of 06/30/2026 Junior Tranche Interest Diversion Weighted Weighted Average Non-Call Reinvestment AAA Spread Weighted Average Diversity CLO Equity Positions CLO Vintage Year1 Tranche Type Overcollateralization Overcollateralization Average Rating

  7. Slide 7: Investment Portfolio

    Investment Portfolio  $252.8 million portfolio composed of 70 portfolio investments1  Average investment by fair value represents 1.4% of total portfolio  Top 10 portfolio investments by fair value represent 44.6% of total portfolio2 – Top 3 portfolio investments by fair value represent 6.2%, 6.1

  8. Slide 8: Portfolio Grading

    Portfolio Grading OXSQ’s debt portfolio has a weighted-average internal OXSQ’s debt portfolio has a weighted-average internal credit grade of 2.2 on a principal value basis1 credit grade of 2.1 on a fair value basis1 Portfolio Grading Company is ahead of expectations and/or outperforming financial c

  9. Slide 9: Investments on Non-Accrual Status

    Investments on Non-Accrual Status ($ in millions) Q2-26 Q1-26 Q4-25 Q3-25 Q2-25 Non-accrual debt investments at current cost - $ 8.8 - - - Non-accrual preferred stock investments at current cost $ 16.1 $ 16.1 $ 16.1 $ 16.1 $ 16.1 Total non-accrual investments at current cost $ 16.1 $ 24.9 $ 16.1 $ 1

  10. Slide 10: Outstanding Debt

    Outstanding Debt ($ in thousands) Principal Amount 1 1 Carrying Value Cost of Debt Maturity Outstanding Unsecured Notes due 2028 (OXSQG) $ 80,500 $ 79,695 5.50% Jul-28 Unsecured Notes due 2030 (OXSQH) $ 74,750 $ 72,412 7.75% Jul-30 Total Debt $ 155,250 $ 152,107 Total Equity $ 135,028 Debt to Equity

  11. Slide 11: Quarterly Balance Sheet

    Quarterly Balance Sheet ($ in millions, except per share) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Assets Total investments at fair value $ 252.8 $ 235.4 $ 251.7 $ 260.5 $ 241.5 Cash and cash equivalents 34.6 40.9 51.9 50.8 29.8 Other assets 3.2 2.6 3.1 3.5 3.5 Total assets $ 290.6 $ 278.9

  12. Slide 12: Quarterly Income Statement

    Quarterly Income Statement For the three months ended ($ in millions, except per share) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Investment Income Interest income $ 5.4 $ 5.1 $ 5.3 $ 5.2 $ 5.1 Income from securitization vehicles 3.5 3.2 4.3 4.3 3.9 Fee and other income 0.5 0.6 0.8 0.8 0.6

  13. Slide 13: Corporate Information

    Corporate Information Board of Directors Fiscal Year End Executive Corporate Officers Independent December 31 Jonathan H. Cohen Board Member and Chief Executive Officer Steven P. Novak - Chairman Saul B. Rosenthal President and Chief Operating Officer Barry Osherow Independent Audit Firm Bruce L. Ru

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