Company: OXLCZ
Filing Date: 2025-05-20
Form Type: N-CSR
Source: 0001213900-25-045605
Chunk: 8

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 8
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 | %(9)    |
| Total annual expenses                                                                                       |     | 9.21 | %(10)   |

Example The following example demonstrates the projected dollar amount of total cumulative expenses that would be incurred over various periods with respect to a hypothetical investment in our common stock. In calculating the following expense amounts, we have assumed that our annual operating expenses would remain at the levels set forth in the table above.

|                                                                                          |     | 1 Year |    |     | 3 Years |     |     | 5 Years |     |     | 10 Years |     |
|:-----------------------------------------------------------------------------------------|:----|:-------|---:|:----|:--------|----:|:----|:--------|----:|:----|:---------|----:|
| You would pay the following expenses on a $1,000 investment, assuming a 5% annual return |     | $      | 90 |     | $       | 259 |     | $       | 414 |     | $        | 749 |

The example and the expenses in the tables above should not be considered as a representation of our future expenses, and actual expenses may be greater or less than those shown.While the example assumes, as required by the SEC, a 5.0% annual return, our performance will vary and may result in a return greater or less than 5.0%. The incentive fee under the investment advisory agreement (the “Investment Advisory Agreement”) with Oxford Lane Management, LLC (“Oxford Lane Management” or the “Adviser”), which, assuming a 5.0% annual return, would either not be payable or would have an insignificant impact on the expense amounts shown above, is included in the example. Also, while the example assumes reinvestment of all distributions at NAV, participants in our distribution reinvestment plan will receive a number of shares of our common stock, determined by dividing the total dollar amount of the distribution payable to a participant by (a) 95% of the market price per share of our common stock at the close of trading on the valuation date fixed by the Board of Directors in the event that newly issued shares of our common stock are used to implement the distribution reinvestment plan, or (b) the average purchase price of all shares of common stock purchased by the plan administrator, excluding any brokerage charges or other charges, in the event that shares are purchased in the open market to implement the requirements of the distribution reinvestment plan (when shares are trading below NAV