Oxford Square Capital Corp. Announces Board Changes
July 12, 2021 at 04:05 pm EDT
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On July 12, 2021, the Board of Directors of Oxford Square Capital Corp. accepted the resignation of Richard W. Neu from his position as a member of the Board, effective immediately, and, upon recommendation of the Nominating and Corporate Governance Committee of the Board, voted to appoint Barry A. Osherow to fill the vacancy. Mr. Osherow will also serve as a member of the Nominating Committee, a member of the Audit Committee, a member of the Compensation Committee, and a member of the Valuation Committee. Mr. Osherow will serve on the Board from July 12, 2021 until the 2022 annual meeting of stockholders of the company, or until his successor is duly elected and qualified. The Board and the Nominating Committee determined that Mr. Osherow is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended) of the Company. Mr. Osherow is currently at Level Equity Management, LLC, a private investment firm focused on rapidly growing software and technology-driven businesses, and is a partner in and manages Level Equity’s structured capital funds. Prior to joining Level Equity in 2016, Mr. Osherow was with Enhanced Capital Partners Inc., as Managing Partner and Investment Committee Member of the firm’s SBIC fund. Prior to that, Mr. Osherow was a member of the founding team of Oxford Square Capital Corp. and served as Principal and Head of Direct Lending.
Oxford Square Capital Corp. is a closed-end, non-diversified management investment company. The Companyâs investment objective is to maximize its portfolioâs total return. It seeks an attractive risk-adjusted total return by investing primarily in corporate debt securities and collateralized loan obligation (CLO) structured finance investments that own corporate debt securities. CLO investments may also include warehouse facilities, which are early-stage CLO vehicles intended to aggregate loans that may be used to form the basis of a traditional CLO vehicle. The Company may also invest in publicly traded debt and/or equity securities. Its portfolio of investment in various industries includes structured finance, software, business services, healthcare, telecommunication services, diversified insurance, information technology (IT) consulting, utilities and healthcare. The Company's investment manager is Oxford Square Management, LLC.