Company: OXLCZ
Filing Date: 2025-11-05
Form Type: N-CSRS
Source: 0001213900-25-106331
Chunk: 77

Company: Oxford Lane Capital Corp.
Filing Date: 2025-11-05
Form: N-CSRS
Chunk 77
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 vote at the Meeting were not impacted by the Reverse Stock Split and the votes reported herein have not been adjusted to reflect the Reverse Stock Split.

63 CHANGES OCCURRING DURING THE REPORTING PERIOD
(Unaudited) The following information in this semi -annualreport is a summary of certain changes during the most recent six months. This information may not reflect all of the changes that have occurred since you purchased securities of the Fund. During the applicable period, except as noted below, there have been: (i) no material changes to the Fund’s investment objectives and policies that constitute its principal portfolio emphasis that have not been approved by stockholders; (ii) no changes to the persons primarily responsible for day -to-daymanagement of the Fund; and (iii) no changes to the Fund’s charter or by -lawsthat would delay or prevent a change of control. 64 Summary Risk Factors The value of our assets, as well as the market price of our securities, will fluctuate. Our investments may be risky, and you may lose all or part of your investment in us. Investing in Oxford Lane Capital involves other risks, including the following: Risks Relating to Our Business and Structure •Our investment portfolio is recorded at fair value, with our Board of Directors having final responsibility for overseeing, reviewing and approving, in good faith, its estimate of fair value and, as a result, there will be uncertainty as to the value of our portfolio investments. •Our financial condition and results of operations will depend on our ability to manage our existing portfolio and future growth effectively. •We are dependent upon Oxford Lane Management’s key management personnel for our future success, particularly Jonathan H. Cohen and Saul B. Rosenthal. •We operate in a highly competitive market for investment opportunities. •Regulations governing our operation as a registered closed -endmanagement investment company, including the asset coverage ratio requirements under the 1940 Act, affect our ability to raise additional capital and the way in which we do so. The raising of debt capital may expose us to risks, including the typical risks associated with leverage. •We are permitted to borrow money, which magnifies the potential for gain or loss on amounts invested and may increase the risk of investing in us. •There are significant potential conflicts of interest between Oxford Lane Management and our management team. Risks Related to U.S. Federal Tax Regulation •We will be subject to U.S. federal income tax at corporate rates, if we are unable to qualify for tax treatment as a RIC for U