Company: OXLCZ
Filing Date: 2025-10-14
Form Type: 40-APP/A
Source: 0001213900-25-098756
Chunk: 5

Company: Oxford Lane Capital Corp.
Filing Date: 2025-10-14
Form: 40-APP/A
Chunk 5
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 OF THE APPLICANTS |

| A. | OXSQ |

OXSQ is a Maryland
corporation structured as an externally managed closed-end management investment company that has elected to be regulated as a
business development company under the 1940 Act. OXSQ was originally formed as Technology Investment Capital Corporation
(“TICC”) on July 21, 2003 and commenced operations on July 21, 2003. TICC changed its name to Oxford
Square Capital Corp. on March 19, 2018. OXSQ has elected to be treated as a regulated investment company
(“RIC”) under Sub-Chapter M of the Internal Revenue Code of 1986, as amended (the
“Code”), and intends to comply with the requirements to qualify for tax treatment applicable to RICs.
OXSQ’s principal place of business is 8 Sound Shore Drive, Greenwich, CT 06830.

OXSQ’s investment objective
is to maximize its portfolio’s total return. OXSQ’s primary focus is to seek an attractive risk-adjusted total return by
investing primarily in corporate debt securities and, to a lesser extent, collateralized loan obligations (“CLO”),
which are structured finance investments that own corporate debt securities. OXSQ has a five-member board (the “OXSQ Board”),
of which three members are not “interested” persons of OXSQ within the meaning of Section 2(a)(19) of the 1940 Act.9

| B. | OXLC |

OXLC is a Maryland
corporation formed on June 10, 2010 and structured as an externally managed registered closed-end management investment company
under the 1940 Act. OXLC commenced operations on January 25, 2011. OXLC
has elected to be treated as a RIC under Sub-Chapter M of the Code, and intends to comply with the requirements to qualify for tax
treatment applicable to RICs. OXLC’s principal place of business is 8 Sound Shore Drive, Greenwich, CT 06830.

OXLC’s investment objective
is to maximize its portfolio’s risk-adjusted total return by investing in equity and junior debt tranches of CLO vehicles. OXLC
has a five-member board (the “OXLC Board”), of which three are not “interested” persons of OXLC
within the meaning of Section 2(a)(19) of the 1940