The following is a summary of the Oxford Square Capital Corp (OXSQ) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Oxford Square reported a Q1 2024 net investment income of approximately $6.5 million or $0.11/share, witnessing a decrease from $7.8 million or $0.13/share from the previous quarter.

• There was a decline in net asset value per share, dropping to $2.42 from $2.55 in the prior quarter.

• Total investment income also decreased to $10.7 million from roughly $12.2 million from the last quarter.

Business Progress:

• Oxford Square implemented its business strategy this quarter purchasing around $12.1 million in investments and sold approximately $1.4 million worth of investments while repaying about $17.9 million.

• The company was able to observe an improved performance in the U.S. loan market with a decrease in BB-rated loan prices and an increase in B-rated and CCC-rated loan prices.

• The company aims to continue focusing on portfolio management strategies for maximizing long-term total returns.

More details: Oxford Square Capital Corp IR

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