Oxford Square Capital (OXSQ) Stock Price, News & Analysis

Oxford Square Capital Corp. (NASDAQ: OXSQ) is described as a closed-end, non-diversified management investment company that focuses on generating risk-adjusted total return through investments in corporate debt securities and collateralized loan obligation (CLO) structured finance investments that own corporate debt securities. According to available information, the capital it provides to corporate borrowers is generally used for purposes such as organic growth, acquisitions, recapitalizations, and working capital.

Oxford Square Capital Corp. is associated with the finance and insurance sector and the securities and commodity exchanges industry classification. The company’s investment activities, as reflected in its reported financial results, center on income from debt investments, CLO equity investments, and other investment income. Its portfolio has included exposure to a range of industries, including structured finance, IT consulting, business services, utilities, software, healthcare, telecommunication services, plastics manufacturing, and diversified insurance.

Business model and investment focus

Based on the company’s stated objective, Oxford Square Capital Corp. seeks total return by investing in corporate debt securities and CLO structured finance investments that themselves hold corporate debt. Reported investment income is broken out into interest income from debt investments, income from securitization vehicles and investments (which includes CLO equity), and other income. The company also reports expenses such as interest expense on its notes, base management fees, professional fees, compensation expense, general and administrative costs, and excise tax.

Oxford Square Capital Corp. has outstanding unsecured notes that trade on the NASDAQ Global Select Market under separate symbols. As disclosed in a Form 8-K, the company has 5.50% Notes due 2028 (trading symbol OXSQG) and 7.75% Notes due 2030 (trading symbol OXSQH), in addition to its common stock listed under the symbol OXSQ. A Form 25 filing indicates that 6.25% Notes due 2026 were removed from listing and/or registration on the Nasdaq Stock Market LLC, reflecting a change in the listing status of that particular class of securities rather than the common stock.

Capital structure and listed securities

Oxford Square Capital Corp. reports its capital structure in periodic financial statements, including common stock and unsecured notes. The Form 8-K dated November 4, 2025, confirms that the company’s common stock and certain notes are registered under Section 12(b) of the Securities Exchange Act of 1934 and listed on the NASDAQ Global Select Market. The company has issued common shares through an at-the-market offering program, as described in its quarterly press releases, and has also conducted public offerings of unsecured notes, including 7.75% notes due 2030.

In an August 1, 2025 press release, Oxford Square Capital Corp. announced the pricing of an underwritten public offering of 7.75% unsecured notes due 2030. The notes are expected to be listed on the NASDAQ Global Select Market under the trading symbol OXSQH, with interest payable quarterly. The company stated its intention to use net proceeds to repay indebtedness, acquire investments consistent with its investment objective and strategies, and for general corporate purposes.

Investment income and portfolio characteristics

Quarterly financial results released by the company provide detail on how Oxford Square Capital Corp. earns investment income. For recent quarters, total investment income has been reported as consisting of:

• Interest income from debt investments.
• Income from securitization vehicles and investments, which includes CLO equity investments.
• Other income.

The company also discloses various portfolio metrics, such as the weighted average yield of its debt investments at current cost, the weighted average effective yield of CLO equity investments at current cost, and the weighted average cash distribution yield of certain cash income-producing investments. These metrics are explicitly noted by the company as not representing total return to shareholders.

Oxford Square Capital Corp. also reports on investment activity during each quarter, including purchases, repayments, and any sales of investments. It discloses a weighted average credit rating for its portfolio based on total fair value and total principal amount. In certain periods, the company has noted that preferred equity investments in one of its portfolio companies were on non-accrual status, with the aggregate fair value of those investments disclosed in its press releases.

Distributions and shareholder actions

The company’s Board of Directors has declared monthly distributions on common stock, as described in its earnings press releases. These distributions are typically announced for specific future months, with record dates, payment dates, and per-share amounts set out in tabular form. The company also provides information on the tax character of distributions in its financial highlights, noting that the final tax characterization can only be determined after the end of the fiscal year when tax returns are prepared.

Oxford Square Capital Corp. has also authorized a share repurchase program. As disclosed in its November 4, 2025 press release, the Board of Directors authorized a 12-month share repurchase program that permits the company, at its discretion, to repurchase up to a stated aggregate dollar amount of its outstanding common stock in the open market, subject to various factors such as economic and market conditions, stock price, and applicable legal and regulatory requirements. The program does not obligate the company to repurchase any specific number of shares and may be suspended, extended, modified, or discontinued.

Regulatory filings and reporting

Oxford Square Capital Corp. files reports with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, periodic financial statements, and registration statements. The Form 8-K dated November 4, 2025, notes that the company furnished a press release announcing financial results for the quarter ended September 30, 2025 and the declaration of distributions for certain future months. The filing also indicates that supplemental investor information relating to the earnings press release was made available by the company.

The Form 25 dated September 18, 2025, filed by Nasdaq Stock Market LLC, relates to the removal from listing and/or registration of the company’s 6.25% Notes due 2026. This filing specifies that the issuer is Oxford Square Capital Corp. and that the exchange is Nasdaq Stock Market LLC. It describes the class of securities affected and references the applicable SEC rules under which the removal from listing and/or registration is being carried out.

Industry exposure

According to the descriptive information provided, Oxford Square Capital Corp. invests across a variety of industries through its corporate debt and CLO-related holdings. These industries include structured finance, IT consulting, business services, utilities, software, healthcare, telecommunication services, plastics manufacturing, and diversified insurance. This cross-industry exposure is part of the company’s approach to constructing its investment portfolio within the framework of its closed-end, non-diversified management investment company structure.

Location and regulatory status

Oxford Square Capital Corp. is organized under the laws of Maryland, as indicated in its Form 8-K. Its principal executive offices are located in Greenwich, Connecticut, as shown in both the Form 8-K and the Form 25. The company’s securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 include its common stock and certain series of unsecured notes, all listed on the NASDAQ Global Select Market.