Oxford Square Capital Corp. Announces Election to Redeem $10,000,000 in Aggregate Principal Amount of the Notes Outstanding
August 11, 2023 at 08:03 am EDT
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Oxford Square Capital Corp. announced that on August 11, 2023, the company notified U.S. Bank Trust Company, National Association, the trustee for the Company?s 6.50% Notes due 2024 of the Company?s election to redeem $10,000,000 in aggregate principal amount of the Notes outstanding, and instructed the Trustee to provide notice of such redemption to the holders of the Notes in accordance with the terms of the indenture governing the Notes.
The Company expects to redeem $10,000,000 of the $24,370,225 Notes issued and outstanding on September 11, 2023. The redemption price per Note will be $25 plus accrued and unpaid interest thereon from June 30, 2023 to, but not including, the Redemption Date.
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.
OXFORD SQUARE CAPITAL CORP. 
