Company: OXLCZ
Filing Date: 2025-09-04
Form Type: DEF 14A
Source: 0001213900-25-084505
Chunk: 28

Company: Oxford Lane Capital Corp.
Filing Date: 2025-09-04
Form: DEF 14A
Chunk 28
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 issued and outstanding share of Common Stock, without any change in the par value per share. There is no guarantee that the Reverse Split will be effective on September 5, 2025 or at all. Legal Proceedings None of us, our investment adviser or administrator, is currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us, or against our investment adviser or administrator. From time to time, we, our investment adviser or administrator, may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. While the outcome of these legal proceedings cannot be predicted, we do not expect that these proceedings will have a material effect upon our financial statements. Board Consideration of the Investment Advisory Agreement At a meeting of our Board of Directors held on July 22, 2025, our Board of Directors unanimously voted to approve the Investment Advisory Agreement. In reaching a decision to approve the Investment Advisory Agreement, the Board of Directors reviewed a significant amount of information and considered and concluded, among other things: •The nature, quality and extent of the advisory and other services to be provided to us by Oxford Lane Management, including with respect to the investment criteria and parameters used by Oxford Lane Management in identifying potential investment opportunities and Oxford Lane Management’s processes currently in place to monitor, manage and mitigate the risk and volatility associated with the Company’s portfolio, and the qualifications and abilities of the professional personnel of Oxford Lane Management and the compensation structure for such personnel, and concluded Oxford Lane Management has and is expected to continue to provide a high level of quality services to the Company and its stockholders; •The investment performance of the Company and Oxford Lane Management including a comparison to the performance of the Company’s peer group, and concluded that the Company’s performance is satisfactory; •Comparative data with respect to advisory fees or similar expenses paid by other closed -endmanagement investment companies with similar investment objectives and the Company’s historical and projected operating expenses and expense ratio compared to closed -endmanagement investment companies with similar investment objectives, and concluded that the total advisory fees paid by the Company to Oxford Lane Management were not unreasonable; •The direct and indirect costs that might be incurred by Oxford Lane Management and its affiliates in performing services for the Company and the basis of determining and allocating these costs, and concluded the direct and indirect costs are not unreasonable; •The possible economies of scale arising from the Company’s size and/or anticipated growth, and concluded that the advisory fees