Company: OXLCZ
Filing Date: 2025-05-20
Form Type: N-CSR
Source: 0001213900-25-045605
Chunk: 31

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 31
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 plus reimbursement of reasonable out -of-pocketexpenses incurred in connection with attending each Valuation Committee meeting and $1,500 plus reimbursement of reasonable out -of-pocketexpenses incurred in connection with attending each Audit Committee meeting. The Chairman of the Audit Committee continues to receive an additional annual fee of $10,000. No compensation is paid to directors who are interested persons of the Fund as defined in Section 2(a)(19) of the 1940 Act. Certain directors, officers and other related parties, including members of Oxford Lane Management, owned, directly or indirectly, approximately 3.6% of the common stock of the Fund at March 31, 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 BDCs, 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. 44

OXFORD LANE CAPITAL CORP.
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2025 NOTE 4. RELATED PARTY TRANSACTIONS (cont.) 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 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. NOTE 5. RECENT ACCOUNTING PRONOUNCE