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Oxford Lane Capital Corporation (OXLC) Q4 2023 Earnings Call Transcript

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Oxford Lane Capital Corporation (NASDAQ:OXLC) Q4 2023 Earnings Conference Call May 16, 2023 9:00 AM ET

Company Participants

Jonathan Cohen – Chief Executive Officer

Bruce Rubin – Chief Financial Officer

Joe Kupka – Managing Director

Conference Call Participants

Mickey Schleien – Ladenburg

Matthew Howlett – B. Riley

Jonathan Cohen

Good morning, everyone. Welcome to the Oxford Lane Capital Corp. Fourth Fiscal Quarter 2023 Earnings Conference Call. I'm joined today by Saul Rosenthal, our President; Bruce Rubin, our Chief Financial Officer; and Joe Kupka, our Managing Director. Bruce, could you please open our call with a disclosure regarding forward-looking statements?

Bruce Rubin

Sure, Jonathan. Today's conference call is being recorded. The replay of the call will be available for 30 days. Replay information is included in our press release that was issued earlier this morning. Please note that this call is the property of Oxford Lane Capital Corp. Any unauthorized rebroadcast of this call in any form is strictly prohibited. At this point, please direct your attention to the customary disclosure in this morning's press release regarding forward-looking information. Today's conference call includes forward-looking statements and projections that reflect the company's current views with respect to, among other things, future events and financial performance.

We ask that you refer to our most recent filings with the SEC for important factors that could cause actual results to differ materially from those indicated in these projections. We do not undertake to update our forward-looking statements unless required to do so by law. During this call, we will use terms defined in the earnings release and also refer to non-GAAP measures. For definitions and reconciliations to GAAP, please refer to our earnings release posted on our website at www.oxfordlanecapital.com.

With that, I'll turn the presentation back to Jonathan.

Jonathan Cohen

Thanks very much, Bruce. On March

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Comments (5)

Damon Judd profile picture
He said, We are looking at core NII, at cash flow, NAV, and our own projections to determine distribution coverage. So that is why they were comfortable raising it to $.08. That's helpful info.
AKA707 profile picture
I.m with Steven Bavaria. I too have held it for a long time.
Cahnman profile picture
its amazing how little coverage and how little interest there is in this company. If you look at insider buying at one point ECC owned thousands of shares of oxlc and divested over 2 months in 2021.
Steven Bavaria profile picture
OXLC was the first fund to introduce CLOs, which were always an institutional investment product, to the retail market. I've held it for years and have it in our Inside the Income Factory® model portfolio.
@Steven Bavaria I am getting excited about OXLC. I was upset about their decision to pay the excise tax, but since then i realize they did it in good faith. I think raising the base dividend, even as small as the raise was, is a foreshadowing of what to expect in the near future.

I suspect it will beat out ECC's crazy returns. Its a slow burn that will become an inferno. Thats my opinion on it, anyways.
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