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

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 20
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 it sells securities to be repurchased at an agreed -uponprice and date. Under such an agreement, the Fund accounts for this transaction as a collateralized financing transaction which is recorded at the contracted repurchase amount plus interest. SHARE REPURCHASES From time to time, the Board of Directors may authorize a share repurchase program under which shares of the Fund’s common stock are purchased in open market transactions. Since the Fund is incorporated in the State of Maryland, state law requires share repurchases to be accounted for as a share retirement. The cost of repurchased shares is charged against capital on the settlement date. On March 20, 2025, the Board of Directors authorized a 12 -monthshare repurchase program (the “Share Repurchase Program”). Under the Share Repurchase Program, the Fund may repurchase, during the 12 -monthperiod commencing on March 20, 2025, up to $150.0 million in the aggregate of the Fund’s outstanding common stock in the open market. The timing, manner, price and amount of any share repurchases will be determined by the Fund, in its discretion, based upon the evaluation of economic and market conditions, the Fund’s stock price, applicable legal, contractual and regulatory requirements and other factors. The Share Repurchase Program is expected to be in effect until March 20, 2026, unless extended or until the aggregate repurchase amount has been expended. The Share Repurchase Program does not require the Fund to repurchase any specific number of shares, and the Fund cannot assure stockholders that any shares will be repurchased under the Share Repurchase Program. The Share Repurchase Program may be suspended, extended, modified or discontinued at any time. During the year ended March 31, 2025, the Fund did not repurchase shares of common stock in the open market under the Share Repurchase Program. There was no share repurchase program authorized on the Fund’s common stock for the year ended March 31, 2024. PREFERRED STOCK The Fund carries its mandatorily redeemable preferred stock at accreted cost on the Statement of Assets and Liabilities, and not fair value. Refer to “Note 7. Mandatorily Redeemable Preferred Stock” for further details. PREPAID EXPENSES AND OTHER ASSETS Prepaid expenses and other assets consists primarily of insurance costs. 37 OXFORD LANE CAPITAL CORP.
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2025 NOTE