Oxford Square Capital Reports Q2 NAV of $1.29, $17.8M ATM Dilution, and $0.035 Monthly Distributions
OXSQ sits 45% above its 52-week low of $1.05 on light trading volume (0.4× avg).
Summary
Oxford Square Capital reported Q2 2026 NAV of $1.29 per share, issued 11.3M shares via ATM for $17.8M in net proceeds, and declared $0.035 monthly distributions for Q4 2026.
Key Events · Earnings and Guidance · OXSQ
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NAV Declines to $1.29
Net asset value per share fell to $1.29 as of June 30, 2026, down from $1.32 on March 31, 2026, reflecting $5.2M in realized losses and ongoing dilution.
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ATM Issuance Adds 11.3M Shares
The company issued 11.3 million shares via its at-the-market program during Q2, raising $17.8M in net proceeds but increasing shares outstanding to 105.1M — roughly 12% dilution.
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Distributions Maintained at $0.035/Month
Board declared monthly distributions of $0.035 per share for October, November, and December 2026, unchanged from prior quarters but not fully covered by NII of $0.05/share.
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Net Investment Income of $5.1M
NII was $5.1M or $0.05 per share, up from $4.1M last quarter, driven by higher investment income of $9.4M and lower expenses.
Analysis · OXSQ · Unknown
Oxford Square Capital's Q2 results show a continued decline in NAV per share to $1.29 from $1.32 last quarter, driven by $5.2M in realized losses partially offset by $4.1M in unrealized gains. The company issued 11.3M shares via its ATM program, raising $17.8M but diluting existing shareholders by roughly 12% — a significant capital raise that extends the runway but pressures NAV per share. Distributions were maintained at $0.035/month, but the payout is not covered by NII of $0.05/share, relying on capital returns. The stock trades at $1.32, just above NAV, reflecting market skepticism about the sustainability of the dividend and the impact of ongoing dilution.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1668 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OXSQ was trading at $1.52 on NASDAQ in the Unknown sector, with a market capitalization of approximately $151.3M. The 52-week trading range was $1.05 to $2.42. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.