Company: OXLCZ
Filing Date: 2025-11-05
Form Type: N-CSRS
Source: 0001213900-25-106331
Chunk: 53

Company: Oxford Lane Capital Corp.
Filing Date: 2025-11-05
Form: N-CSRS
Chunk 53
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 7.125% |

The Fund’s Term Preferred Shares had no accrued interest payable at September 30, 2025. Deferred issuance costs represent underwriting fees and other direct costs incurred that are related to the Fund’s Term Preferred Shares. As of September 30, 2025, the Fund had an unamortized deferred debt issuance cost balance of approximately $3.0 million related to the issuance of the Term Preferred Shares. The table below summarizes the components of interest expense, effective interest rates and cash paid on the Term Preferred Shares for the six months ended September 30, 2025:

|                                         |     | 6.25%       
 Series 2027 
 Term        
 Preferred   
 Shares      |           |   |     | 6.00%       
 Series 2029 
 Term        
 Preferred   
 Shares      |           |   |     | 7.125%      
 Series 2029 
 Term        
 Preferred   
 Shares      |           |   |     | Total(3) |           |   |
|:----------------------------------------|:----|:------------|----------:|:--|:----|:------------|----------:|:--|:----|:------------|----------:|:--|:----|:---------|----------:|:--|
| Stated interest expense(1)              |     | $           | 2,753,755 |   |     | $           | 2,015,175 |   |     | $           | 2,271,094 |   |     | $        | 7,040,024 |   |
| Amortization of deferred issuance costs |     |             |   216,052 |   |     |             |   148,220 |   |     |             |   167,769 |   |     |          |   532,041 |   |
| Total interest expense(3)               |     | $           | 2,969,807 |   |     | $           | 2,163,395 |   |     | $           | 2,438,863 |   |     | $        | 7,572,065 |   |
| Effective interest rate(2)              |     |             |      6.72 | % |     |             |      6.42 | % |     |             |      7.63 | % |     |          |      6.93 | % |
| Cash paid for interest