Oxford Lane Capital Corp. Reports Strong Q4 Earnings with Significant Investment Income Growth
Oxford Lane Capital Corp., a leading investment manager, recently announced its fourth fiscal quarter 2025 earnings results, showcasing a robust performance in key financial metrics.
The company's net asset value per share stood at $4.32 as of March 31, 2025, compared to $4.82 in the previous quarter. Despite this decline, Oxford Lane recorded significant growth in GAAP total investment income, reaching approximately $121.2 million for the quarter ended March. This represents an increase of around $6.7 million from the prior quarter.
The company's CLO equity and CLO warehouse investments generated approximately $115.3 million in total investment income for the quarter, while its CLO debt investments contributed around $5.9 million. Oxford Lane recorded GAAP net investment income of approximately $75.4 million or $0.18 per share for the quarter ended March, compared to approximately $72.4 million or $0.20 per share in the prior quarter.
The company's core net investment income, which excludes certain non-cash items, was around $95.8 million or $0.23 per share for the quarter ended March, down from approximately $99.9 million or $0.28 per share in the previous quarter. Despite this decline, Oxford Lane's quarterly results demonstrate the company's continued commitment to delivering strong investment performance.
As of March 31, 2025, the company held around $639.1 million in newly issued or newly acquired CLO equity investments that had not yet made initial equity distributions to Oxford Lane Capital Corp. This represents a significant growth in the company's CLO equity portfolio.
The weighted average yield on Oxford Lane's CLO debt investments at current cost was 15.9%, down from 16.6% as of December 31. The weighted average effective yield on its CLO equity investments at current cost was also 15.9%, down from 16.1% in the prior quarter.
Oxford Lane issued a total of approximately 60.7 million shares of common stock during the quarter, resulting in net proceeds of around $300.5 million. The company made additional CLO investments of approximately $526.2 million and received around $136 million from sales and repayments.
As previously announced, Oxford Lane's Board of Directors declared monthly common stock distributions of $0.09 per share for each of the months ending July, August, and September 2025. This demonstrates the company's commitment to returning value to its shareholders.
The company was also awarded the 'Best Public Closed NCLO Fund' by Credit Flux at their London Conference on May 16. This prestigious recognition is a testament to Oxford Lane's expertise in the CLO space and reinforces the company's position as a leading investment manager.
