- Oxford Square (NASDAQ:OXSQ +0.2%) Q1 net investment income of 18 cents, beating the consensus estimate by a penny, is unchanged from Q4 NII.
- Net asset value per share of $6.67 at March 31, 2019 rises from $6.60 at the end of Q4 2018.
- During the quarter, Oxford Square made investments of ~$4.4M in corporate loans and received, or were entitled to receive proceeds of ~$3.0M from sales of corporate loan investments in addition to $0.6M from sales of CLO equity investments, and $0.4M from repayments and amortization payments on our debt instruments.
- As of March 31, 2019 weighted average yield of debt investments was 9.8% at current cost vs. 9.7% at Dec. 31, 2018; weighted average effective yield of CLO equity investments at current cost was 14.6% vs. 15.6% at Dec. 31, 2018; weighted average cash distribution yield of CLO equity investments at current cost was 18.4% vs. 17.4% at Dec. 31, 2018.
- Previously: Oxford Square Capital beats by $0.01, misses on revenue (April 30)