Oxford Square Capital Corp. Q2 2026 Earnings Recap

Oxford Square Capital shares rose 7.6% following a sequential improvement in net investment income and a substantial reduction in unrealized losses, reflecting investor approval of stabilized credit conditions and the firm’s focused CLO equity purchases.

Key Takeaways

• Net investment income increased to approximately $5.1 million ($0.05 per share) from $4.1 million in the prior quarter.
• Total investment income rose modestly to $9.4 million from $8.9 million quarter-over-quarter.
• Combined unrealized and realized losses narrowed sharply to $1.1 million ($0.01 per share) from $29.7 million ($0.34 per share) in Q1.
• Investment activity centered exclusively on CLO equity tranches with cash-on-cash and forward yield in the low 20% range.
• The net asset value per share declined slightly to $1.29 from $1.32, and no new NII per share improvement guidance was given amid continued distributions exceeding NII.