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
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
