Company: OXLCZ
Filing Date: 2025-05-20
Form Type: N-CSR
Source: 0001213900-25-045605
Chunk: 36

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 36
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,373,878 |   |
| Weighted average effective interest rate(2) |     |             |      7.26 | % |     |             |      6.73 | % |     |             |      6.44 | % |     |             |      7.65 | % |     |          |       6.97 | % |
| Cash paid for interest                      |     | $           | 1,149,616 |   |     | $           | 5,507,509 |   |     | $           | 4,030,350 |   |     | $           | 4,542,188 |   |     | $        | 15,229,663 |   |

____________ (1)Stated interest is composed of distributions declared and paid of approximately $15.2 million for the year ended March 31, 2025.

47 OXFORD LANE CAPITAL CORP.
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2025 NOTE 7. MANDATORILY REDEEMABLE PREFERRED STOCK (cont.) (2)Represents the weighted average effective rate for each respective series of Term Preferred Shares. (3)Totals may not sum due to rounding (4)On July 1, 2024, the Fund redeemed all 2,725,015 of the issued and outstanding shares of the 6.75% Series 2024 Shares for a redemption price of $25 per share. NOTE 8. BORROWINGS NOTES PAYABLE — 6.75% UNSECURED NOTES DUE 2031 On March 16, 2021, the Fund completed an underwritten public offering, including the full exercise of the underwriters’ 30 -dayoverallotment option, of approximately $ 100.0million in aggregate principal amount of 6.75% Unsecured Notes due 2031 (the “6.75% Notes”). The 6.75% Notes will mature on March 31, 2031 and may be redeemed in whole or in part at any time or from time to time at the Fund’s option on or after March 16, 2024. The 6.75% Notes bear interest at a rate of 6.75% per year payable quarterly on March 31, June 30, September 30, and December 31, of each year, commencing June 30, 202