Oxford Square Q4 NAV Falls to $1.69; Issues 4.3M Shares for $7.9M
Oxford Square reported Q4 net investment income of $5.4 million ($0.07/share) and total investment income rose to $10.4 million from $10.2 million. NAV per share fell to $1.69 from $1.95 while the firm recorded $18.3 million in investment losses and issued 4.3 million shares raising $7.9 million.
1. Q4 Financial Results
Oxford Square reported net investment income of $5.4 million, or $0.07 per share, in Q4 2025, down slightly from $5.6 million. Total investment income increased to $10.4 million from $10.2 million in the prior quarter, reflecting higher interest and fee income.
2. NAV Decline and Investment Losses
Net asset value per share declined to $1.69 from $1.95, driven by combined net unrealized and realized losses on investments totaling $18.3 million, or $0.22 per share, compared to $7.5 million in the prior quarter. The US loan market saw prices slip from 97.06% to 96.64% of par, while the distress ratio rose to 4.34%.
3. Capital Activities and Portfolio Deployment
During the quarter, the company purchased approximately $18 million of new investments and received $7.4 million in repayments, focusing on first lien B2B loans. Oxford Square raised net proceeds of $7.9 million by issuing 4.3 million common shares through an at-the-market offering.
4. Distribution Declaration
The board declared monthly distributions of $0.035 per share for April, May, and June 2026, totaling $0.105 per share for the quarter, underlining the firm’s commitment to steady shareholder income.