Oxford Square Capital Corp. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 27, 2020 at 08:00 am EDT
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Oxford Square Capital Corp. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 8.225 million compared to USD 14.083 million a year ago. Net income was USD 20.848 million compared to net loss of USD 33.110 million a year ago. Basic earnings per share was USD 0.42 compared to basic loss per share of USD 0.69 a year ago. For the nine months, total revenue was USD 27.304 million compared to USD 49.221 million a year ago. Net loss was USD 37.953 million compared to USD 27.897 million a year ago. Basic loss per share was USD 0.77 compared to USD 0.59 a year ago.
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. 
