Oxford Lane Capital (NASDAQ:OXLC) reported a higher net asset value per share for its first fiscal quarter of 2027, while quarterly investment income and core net investment income declined from the preceding quarter.
Chief Executive Officer Jonathan Cohen said net asset value per share was $10.74 as of June 30, 2026, up from $10.56 at March 31
The company recorded a $76.3 million increase in net assets resulting from operations during the quarter, equal to $0.78 per share. GAAP total investment income was approximately $87 million, down about $6.9 million from the prior quarter. That total included approximately $83.7 million from collateralized loan obligation, or CLO, equity and warehouse investments, along with about $3.4 million from CLO debt investments and other income.
GAAP net investment income totaled approximately $50.2 million, or $0.51 per share, compared with $54.5 million, or $0.56 per share, in the quarter ended March 31. Core net investment income was $93.4 million, or $0.95 per share, down from $100.7 million, or $1.03 per share, in the prior quarter. Portfolio activity and distributions Cohen said Oxford Lane held approximately $66.2 million of newly issued or newly acquired CLO equity investments as of June 30 that had not yet made their initial distributions to the company.