Company: OXLCZ
Filing Date: 2025-11-05
Form Type: N-CSRS
Source: 0001213900-25-106331
Chunk: 50

Company: Oxford Lane Capital Corp.
Filing Date: 2025-11-05
Form: N-CSRS
Chunk 50
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 months ended September 30, 2025 and for the year ended March 31, 2025, the Fund also declared and paid dividends on preferred stock of $7,040,023 and $15,229,663, respectively. The tax character of distributions paid on preferred stock represented ordinary income. For the fiscal year ended March 31, 2025, the Fund had available $138,102,229 of long -termcapital losses, which can be used to offset future capital gains. For the fiscal year ended March 31, 2025, the Fund did not utilize its capital loss carryforward. Under the current law, capital losses related to securities realized after October 31 of a taxable year and prior to the Fund’s fiscal year end (“post -October”) may be deferred as occurring the first day of the following fiscal year. For the fiscal year ended March 31, 2025, the Fund had no post -Octoberlosses to defer. 45

OXFORD LANE CAPITAL CORP.
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2025
(Unaudited) NOTE 7. DISTRIBUTIONS (cont.) As of March 31, 2025, the estimated components of distributable earnings (accumulated losses) on a tax basis were as follows:

| Distributable ordinary income                                      |     | $ |  131,030,156 |   |
| Distributable long-term capital gains (capital loss carry forward) |     |   | (138,102,229 | ) |
| Unrealized depreciation on investments*                            |     |   | (667,241,397 | ) |
| Other timing differences                                           |     |   |         (753 | ) |

____________ *The difference between book basis and tax basis unrealized appreciation/(depreciation) is due to the Fund’s CLO equity and partnership investments. As of March 31, 2025, the effect of permanent “book/tax” reclassifications resulted in the following increase/(decrease) to the components of net assets:

| Total distributable earnings/(accumulated losses) |     | $ |  2,483,434 |   |
| Paid-In-Capital                                   |     |   | (2,483,434 | ) |

These differences are primarily due to the CLO equity investments, partnership investments, and non -deductibleexcise tax paid. As of September 30, 2025, the aggregate gross