The closed-end fund reported $94M in total investment income, down 24.2% year-over-year amid lower CLO returns.
Oxford Lane Capital reported first-quarter core net investment income of $1.03 per share, matching its dividend payout. Total investment income fell to $94 million, a 24.2% decline from the same period last year, reflecting weaker performance in collateralized loan obligations.
The fund generated approximately $90.8 million from CLO equity and warehouse investments, while CLO debt and other income contributed $3.1 million. The year-over-year drop contrasts with prior quarters, where higher CLO valuations supported stronger income.
No immediate market reaction was disclosed in the release.