Company: OXLCZ
Filing Date: 2025-05-20
Form Type: N-CSR
Source: 0001213900-25-045605
Chunk: 0

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 0
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 __________________ FORM N-CSR __________________ CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES Investment Company Act file number 811-22432 __________________ Oxford Lane Capital Corp. (Exact name of registrant as specified in charter) __________________ 8 Sound Shore Drive, Suite 255
Greenwich, CT 06830 (Address of principal executive offices) Jonathan H. Cohen
Chief Executive Officer
Oxford Lane Capital Corp.
8 Sound Shore Drive, Suite 255
Greenwich, CT 06830 (Name and address of agent for service) __________________ Registrant’s telephone number, including area code: (203) 983-5275 Date of fiscal year end: March 31 Date of reporting period: March 31, 2025 Item 1. Reports to Stockholders. The annual report to stockholders for the year ended March31, 2025 is filed herewith pursuant to Rule 30e -1under the Investment Company Act of 1940. Oxford Lane Capital Corp. Annual Report March 31, 2025 oxfordlanecapital.com

OXFORD LANE CAPITAL CORP. TABLE OF CONTENTS

|                                                                        |     | Page |
| Letter to Stockholders and Management’s Discussion of Fund Performance |     |    1 |
| Important Information                                                  |     |    2 |
| Performance Data                                                       |     |    4 |
| Top Ten Holdings                                                       |     |    6 |
| Fees and Expenses                                                      |     |    7 |
| Statement of Assets and Liabilities                                    |     |    9 |
| Schedule of Investments                                                |     |   10 |
| Statement of Operations                                                |     |   32 |
| Statements of Changes in Net Assets                                    |     |   33 |
| Statement of Cash Flows                                                |     |   34 |
| Notes to Financial Statements                                          |     |   35 |
| Report of Independent Registered Public Accounting Firm                |     |   56 |
| Price Range of Common Stock                                            |     |   57 |
| Distributions                                                          |     |   58 |
| Management                                                             |     |   59 |
| Board Approval of the Investment Advisory Agreement                    |     |   63 |
| Submission of Matters to a Vote of Stockholders                        |     |   64 |
| Changes Occurring During the Reporting Period                          |     |   65 |