Oxford Square Capital Corp. (NASDAQ:OXSQ) Q3 2023 Earnings Call Transcript
Oxford Square Capital Corp. (NASDAQ:OXSQ) Q3 2023 Earnings Call Transcript November 7, 2023
Oxford Square Capital Corp. reports earnings inline with expectations. Reported EPS is $0.12 EPS, expectations were $0.12.
Operator: Good morning, ladies and gentlemen. Welcome to the Oxford Square Capital Corp. Third Quarter 2023 Earnings Conference Call. My name is Jo Peter [ph]. I'll be the moderator for today's call. All lines will be muted on a presentation portion of the call. [Operator Instructions]. I would now like to pass the conference over to your host, Jonathan Cohen. Jonathan, please go ahead. CEO, please go ahead.
Jonathan Cohen: Good morning, everyone and welcome to the Oxford Square Capital Corp. third quarter 2023 earnings conference call. I'm joined today by Saul Rosenthal, our President; Bruce Rubin, our CFO; and Kevin Yonon, our Managing Director and Portfolio Manager. Bruce, could you open the call with a disclosure regarding forward-looking statements?
Bruce Rubin: Sure, Jonathan. Today's conference call is being recorded. An audio replay of the conference 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 Square 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.
A businesswoman signing relevant documents at a bank branch for a commercial real estate loan approval.
We do not undertake to update our forward-looking statements unless required to do so by law. To obtain copies of our latest SEC filings, please visit our website at www.oxfordsquarecapital.com. With that, I'll turn the presentation back to Jonathan.
Jonathan Cohen: Thank you, Bruce. For the quarter ended September, Oxford Square's net investment income was approximately $6.4 million or $0.11 per share compared to $6.7 million or $0.13 per share for the prior quarter. Our net asset value per share stood at $2.78 compared to a net asset value per share of $2.88 for the prior quarter. During the quarter, we distributed $0.225 per share which included $0.12 per share of special distributions. For the third quarter, we recorded total investment income of approximately $13 million as compared to approximately $13.5 million in the prior quarter. In the third quarter, we recorded net unrealized appreciation on investments of approximately $13.9 million or $0.28 per share compared to net unrealized appreciation on investments of approximately $8.3 million or $0.16 per share for the prior quarter.
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