Company: OXLCZ
Filing Date: 2025-05-20
Form Type: N-CSR
Source: 0001213900-25-045605
Chunk: 9

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 9
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). ____________ (1) In the event that the securities to which this report relates are sold to or through underwriters, a corresponding prospectus supplement will disclose the applicable sales load and the “Example” will be updated accordingly. (2) If applicable, the prospectus or prospectus supplement relating to an offering of our securities will disclose the applicable offering expenses and total stockholder transaction expenses as a percentage of the offering price. (3) The expenses of the distribution reinvestment plan are included in “other expenses.” The plan administrator’s fees will be paid by us. We will not charge any brokerage charges or other charges to stockholders who participate in the plan. However, your own broker may impose brokerage charges in connection with your participation in the plan. (4) Assumes gross assets of approximately $3.04billion and approximately $719.0million of leverage (which reflects approximately $88.1million aggregate amount of 6.25% Series 2027 Term Preferred Shares, $67.2million aggregate amount of 6.00% Series 2029 Term Preferred Shares, $63.8million aggregate amount of 7.125% Series 2029 Term Preferred Shares, $100.0million of the 6.75% Unsecured Notes due 2031, $100.0 million of the 5.00% Unsecured Notes

7 due 2027, $115.0 million of the 8.75% Unsecured Notes due 2030 and $185.0 million of the 7.95% Unsecured Notes due 2032 issued and outstanding as of March 31, 2025 and assumes net assets of $2.16 billion (which has been adjusted to reflect the issuance of an additional $200.0 million of common stock). (5) The above calculation presents our base management fee as a percentage of our net assets. Our base management fee under the Investment Advisory Agreement, however, is based on our gross assets, which is defined as all the assets of Oxford Lane Capital, including those acquired using borrowings for investment purposes. As a result, to the extent we use additional leverage, it would have the effect of increasing our base management fee as a percentage of our net assets. (6) Amount reflects the estimated annual incentive fees payable to Oxford Lane Management. The estimate assumes that the incentive fee earned will be proportional to the fee earned during the fiscal year ended March 31, 2025 and adjusted to include the estimated incentive fee based on the