Company: OXLCZ
Filing Date: 2025-11-05
Form Type: N-CSRS
Source: 0001213900-25-106331
Chunk: 76

Company: Oxford Lane Capital Corp.
Filing Date: 2025-11-05
Form: N-CSRS
Chunk 76
---
 to the Fund. The Board’s evaluation process with respect to Oxford Lane Management is an ongoing one. In this regard, in making its determinations, the Board also took into account discussions with management and information provided to the Board at prior meetings throughout the year with respect to the services provided by Oxford Lane Management, including performance reports and prior presentations from Oxford Lane Management. The information received and considered by the Board in connection with the meeting at which the Investment Advisory Agreement was re -approvedand throughout the year was both written and oral. Based on the information reviewed and the discussions detailed above, the Board of Directors, including all of the directors who are not “interested persons” as defined in the 1940 Act, and assisted by independent counsel, concluded that the investment advisory fees payable to Oxford Lane Management pursuant to the Investment Advisory Agreement were not unreasonable in relation to the services to be provided and that the renewal of the Investment Advisory Agreement is in the best interest of the Fund and its stockholders. The Board of Directors did not assign relative weights to the above factors, or the other factors considered by it. Individual members of the Board of Directors may have attributed different weights to different factors. 62

SUBMISSION OF MATTERS TO A VOTE OF STOCKHOLDERS
(Unaudited) The Fund held its Annual Meeting of Stockholders (the ‘‘Meeting’’) on October 24, 2025 and submitted two matters to the vote of stockholders of record of the Company as of August27, 2025 (the “Record Date”). At the Meeting, stockholders elected nominees for director, to serve for a three -yearterm to expire at the 2028 Annual Meeting of Stockholders based on the following votes:

| Name                    |     |   Votes for |     | Votes Withheld |
| Jonathan H. Cohen(1)(3) |     | 252,256,408 |     |     51,089,825 |
| Mark J. Ashenfelter(2)  |     |   4,009,701 |     |      1,291,476 |

____________ (1)Mr. Cohen was elected by the holders of our common stock and preferred stock, voting together as a single class. (2)Mr. Ashenfelter was elected by the holders of our outstanding Preferred Stock, voting as a single class. (3)Because the Record Date for the Meeting was prior to the effective date of the Reverse Stock Split, the shares of common stock outstanding and entitled to