Company: OXLCZ
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001213900-25-015823
Chunk: 105

Company: Oxford Lane Capital Corp.
Filing Date: 2025-02-21
Form: 424B2
Chunk 105
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centivefee net investment income (investment income–(management fee + other expenses)) = 2.3% Incentive fee = 20% × pre -incentivefee net investment income, subject to “catch -up” (4) Incentive fee = 100% × “catch -up” + (20% × (pre -incentivefee net investment income–2.1875%)) Catch -up= 2.1875%–1.75% = 0.4375% Incentive fee = (100% × 0.4375%) + (20% × (2.3%–2.1875%)) = 0.4375% + (20% × 0.1125%) = 0.4375% + 0.0225% = 0.46% ____________ (1)Represents 7% annualized hurdle rate. (2)Represents 2.00% annualized management fee. (3)Excludes organizational and offering expenses. (4)The “catch -up” provision is intended to provide the investment adviser with an incentive fee of 20% on all of Oxford Lane Capital’s pre -incentivefee net investment income as if a hurdle rate did not apply when its net investment income exceeds 2.1875% in any calendar quarter. 34 Table of Contents Payment of Our Expenses The investment team of Oxford Lane Management and their respective staffs, when and to the extent engaged in providing investment advisory and management services, and the compensation and related expenses and routine overhead expenses of such personnel allocable to such services, are provided and paid for by Oxford Lane Management. We bear all other costs and expenses of our operations and transactions, including (without limitation): •the cost of our organization and this offering; •the cost of calculating our net asset value, including the cost of any third -partyvaluation services; •the cost of effecting sales and repurchases of our shares and other securities; •fees payable to third parties relating to, or associated with, making investments, including legal fees and expenses and fees and expenses associated with performing due diligence reviews of prospective investments and advisory fees as well as expenses associated with such activities; •the costs associated with protecting our interests in our investments, including legal fees; •transfer agent and custodial fees; •fees and expenses associated with marketing and investor relations efforts including proxy solicitations and shareholder meetings; •federal