Company: OXLCZ
Filing Date: 2025-11-05
Form Type: N-CSRS
Source: 0001213900-25-106331
Chunk: 9

Company: Oxford Lane Capital Corp.
Filing Date: 2025-11-05
Form: N-CSRS
Chunk 9
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 with 20.0% of our Pre-Incentive Fee Net Investment Income, as if a Hurdle did not apply when our Pre-Incentive Fee Net Investment Income exceeds 2.1875% in any calendar quarter; and • 20.0% of the amount of our Pre-Incentive Fee Net Investment Income, if any, that exceeds 2.1875% in any calendar quarter (8.75% annualized) is payable to Oxford Lane Management (once the Hurdle is reached and the catch-up is achieved, 20.0% of all Pre-Incentive Fee Investment Income thereafter is allocated to Oxford Lane Management). No incentive fee is payable to Oxford Lane Management on realized capital gains. For a more detailed discussion of the calculation of this fee, see “Note 5. Related Party Transactions.” (7) “Interest payments on borrowed funds” represents our annualized interest expense assuming an average effective interest rate of 7.52% (including amortization of deferred issuance costs) and includes interest payable on the $100.0 million 6.75% Unsecured Notes due 2031 with an effective interest rate of approximately 7.09% (including amortization of deferred issuance costs), $100.0 million 5.00% Unsecured Notes due 2027 with an effective interest rate of approximately 5.66% (including amortization of deferred issuance costs), $115.0 million 8.75% Unsecured Notes due 2030 with an effective interest rate of approximately 9.31% (including amortization of deferred issuance costs) and $185.0 million 7.95% Unsecured Notes due 2032 with an effective interest rate of approximately 8.37% (including amortization of deferred issuance costs), each as outstanding on September 30, 2025. We may issue additional debt securities. In the event that we were to issue additional debt securities, our borrowing costs, and correspondingly our total annual expenses would increase. (8) Assumes an average effective interest rate of 7.52% (including amortization of deferred issuance costs) and that we have an aggregate of approximately (a) $88.1 million of preferred stock with a preferred rate of 6.25% per annum with an effective interest rate of approximately 6.72% (including amortization of deferred issuance costs), (b) $67.2 million of preferred stock with a preferred rate of 6.00% per annum with