OXFORD LANE CAPITAL Business Summary

Oxford Lane Capital Corp (OXLC) is a non-diversified closed-end management investment company that primarily generates revenue through yield-oriented investments in the equity and junior debt tranches of collateralized loan obligation (CLO) vehicles. The firm’s business model centers on capturing the arbitrage spread between the interest earned on a diverse portfolio of senior secured loans and the cost of the CLO’s debt tranches. Its primary business segments include CLO equity investments, which represent the residual interest in the cash flows of the underlying loan portfolios, and CLO debt investments, alongside opportunistic allocations to CLO warehouse facilities. Within the niche market of CLO-focused closed-end funds, OXLC competes directly with Eagle Point Credit Company (ECC), OFS Credit Company (OCCI), and Carlyle Credit Income Fund (CCIF). As of early 2026, OXLC maintains its position as one of the largest and most liquid permanent capital vehicles in the sector, recently pivoting its strategy toward capital retention and NAV stabilization by adjusting its monthly distribution to $0.20 per share. The leadership team is led by Chief Executive Officer Jonathan H. Cohen and President Saul B. Rosenthal, both of whom serve as managing members of the fund's investment adviser, Oxford Funds, LLC. Cohen brings a high-pedigree background in equity research, having previously led technology research groups at Merrill Lynch, UBS Securities, and Salomon Smith Barney, while Rosenthal’s expertise stems from his tenure as an attorney at Shearman & Sterling LLP. The executive suite is rounded out by Chief Financial Officer Bruce L. Rubin, who previously served as Assistant Treasurer at the New York Mercantile Exchange (NYMEX). The company’s governance is overseen by a board of directors that includes Chairman Mark J. Ashenfelter and independent directors John Reardon and David S. Shin. Notable institutional backing includes positions from specialized asset managers such as Samalin Investment Counsel and Transce3nd LLC, reflecting the fund's status as a core holding for institutional investors seeking high-yield private credit exposure.