Oxford Square Capital Corp.

Oxford Square Capital Corp. is a closed-end, non-diversified management investment company regulated as a business development company (BDC) under the Investment Company Act of 1940. The company has been treated as a regulated investment company (RIC) for U.S. federal income tax purposes since its 2003 taxable year. Its investment objective is to maximize its portfolio's total return. Oxford Square Capital Corp. primarily focuses on achieving an attractive risk-adjusted total return by investing in corporate debt securities and, to a lesser extent, collateralized loan obligation (CLO) structured finance investments that hold corporate debt securities. CLO investments can also include warehouse facilities, which are early-stage CLO vehicles designed to aggregate loans for traditional CLO vehicles. The company may also invest in publicly traded debt and/or equity securities. As a BDC, at least 70% of the value of its total assets must be qualifying assets at the time of acquisition. The capital provided is generally used by corporate borrowers to finance organic growth, acquisitions, recapitalizations, and working capital. Investment decisions are based on analysis of potential portfolio companies' business operations, recurring revenues, cash flow, cost variability, and asset value, including intangible assets and intellectual property. For CLO investments, the company considers the indenture structure, operating characteristics, compliance with indenture provisions, and the corporate loan-based collateral pool. Oxford Square Capital Corp. generally expects to invest between $5.0 million and $25.0 million in each portfolio investment, with this size potentially varying based on capital base changes and market conditions. The company invests in both fixed and variable interest rate structures.