Oxford Square Capital reported second-quarter net investment income of approximately $5.1 million, or $0.05 per share, up from $4.1 million in the first quarter. Total investment income increased to $9.4 million from $8.9 million, while net asset value per share declined modestly to $1.29 from $1.32. Investment losses narrowed sharply to $1.1 million from $29.7 million in the prior quarter. The company invested about $19.9 million in CLO equity through secondary-market purchases, targeting cash-on-cash returns in the low-20% range, and a previously non-accrual debt investment returned to accrual status after restructuring into a new first-lien loan and equity position. Oxford Square issued 11.3 million shares through its at-the-market program, raising roughly $17.8 million, and declared monthly distributions of $0.035 per share for October through December 2026, though management provided no timeline for fully covering distributions with net investment income.
Oxford Square Capital CorpNet investment income rose to $5.1M from $4.1M, with narrowed investment losses and continued distributions.