Oxford Square Reports Q4 Losses, NAV Slips to $1.69 as Board Approves Q2 Distributions

Overview

• Net investment income totaled about $5.4 million, or $0.07 per share, for the quarter ended December 31, 2025.
• Combined net unrealized and realized losses were approximately $18.3 million, rising from $7.5 million in the prior quarter.
• Loan-market stress increased as the distress ratio reached 4.34%, the default rate including liability-management exercises held at 3.35%, and average CCC loan prices fell 265 basis points.
• Investment activity included roughly $18 million of purchases focused on first-lien B2B loans and about $7.4 million of repayments.
• The company sold approximately 4.3 million shares through its ATM program for around $7.9 million in net proceeds, and the Board declared monthly distributions of $0.035 per share for April through June 2026.