Oxford Square Capital Business Summary

Oxford Square Capital Corp. (OXSQ) is a closed-end, non-diversified management investment company operating as a business development company (BDC). The firm generates revenue primarily through interest income and capital gains derived from a portfolio of corporate debt securities and collateralized loan obligation (CLO) structured finance investments. Its business model is bifurcated into two primary segments: Debt Investments, which includes senior secured, second lien, and subordinated loans to middle-market companies, and CLO Investments, where it focuses on high-yield equity and debt tranches. OXSQ competes directly with other yield-oriented BDCs and structured credit vehicles such as Prospect Capital Corporation (PSEC), Eagle Point Credit (ECC), and Crescent Capital BDC (CCAP). Within this landscape, OXSQ distinguishes itself by its aggressive allocation to CLO equity, positioning it as a specialized, high-income vehicle for investors seeking exposure to leveraged loan portfolios. The company is led by a veteran executive team with deep roots in structured finance and credit markets. Jonathan H. Cohen serves as Chief Executive Officer and Director, bringing over 25 years of experience from leadership roles at Merrill Lynch, UBS Securities, and Salomon Smith Barney. Saul B. Rosenthal serves as President and Director, leveraging a background in corporate law from Shearman & Sterling and extensive experience in middle-market lending. Bruce L. Rubin serves as Chief Financial Officer and Treasurer, having previously held senior financial roles at the New York Mercantile Exchange and the American Stock Exchange. The leadership team is notable for its dual role in managing Oxford Lane Capital Corp (OXLC), a prominent CLO-focused fund. The firm’s governance is further bolstered by a Board of Directors that includes Charles M. Royce, the founder of Royce & Associates, providing significant institutional credibility.