Company: OXLCZ
Filing Date: 2025-11-05
Form Type: N-CSRS
Source: 0001213900-25-106331
Chunk: 48

Company: Oxford Lane Capital Corp.
Filing Date: 2025-11-05
Form: N-CSRS
Chunk 48
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30, 2025. Co-Investment Exemptive Relief On June 14, 2017, the SEC issued an exemptive order (the “Exemptive Order”) permitting the Fund and certain of its affiliates to complete negotiated co -investmenttransactions in portfolio companies, subject to certain conditions. Subject to satisfaction of certain conditions to the Exemptive Order, the Fund and certain of its affiliates are now permitted, together with any future business development companies, registered closed -endfunds and certain private funds, each of whose investment adviser is Oxford Lane Management or an investment adviser controlling, controlled by, or under common control with Oxford Lane Management, to co -investin negotiated investment opportunities where doing so would otherwise be prohibited under the 1940 Act, providing the Fund’s stockholders with access to a broader array of investment opportunities. Pursuant to the Exemptive Order, the Fund is permitted to co -investin such investment opportunities with its affiliates if a “required majority” (as defined in Section 57(o) of the 1940 Act) of its independent directors make certain conclusions in connection with a co -investmenttransaction, including, but not limited to, that (1) the terms 44 OXFORD LANE CAPITAL CORP.
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2025
(Unaudited) NOTE 5. RELATED PARTY TRANSACTIONS (cont.) of the potential co -investmenttransaction, including the consideration to be paid, are reasonable and fair to the Fund and its stockholders and do not involve overreaching in respect of the Fund or its stockholders on the part of any person concerned, and (2) the potential co -investmenttransaction is consistent with the interests of the Fund’s stockholders and is consistent with the Fund’s then -currentinvestment objective and strategies. We and Oxford Lane Management have applied for a new exemptive relief order which, if granted, would supersede the Exemptive Order with respect to negotiated co -investmenttransactions. There can be no assurance that we will obtain such new exemptive relief from the SEC. NOTE 6. RECENT ACCOUNTING PRONOUNCEMENTS In November 2024, the FASB issued ASU 2024 -03, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures” (“ASU 2024 -03”), which requires public business entities to disclose disaggregated expense details in their income statements, including categories such as employee compensation, depreciation, and amort