Company: OXLCZ
Filing Date: 2025-11-05
Form Type: N-CSRS
Source: 0001213900-25-106331
Chunk: 35

Company: Oxford Lane Capital Corp.
Filing Date: 2025-11-05
Form: N-CSRS
Chunk 35
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 the Fund may rely more heavily on other qualities and metrics, including, but not limited to, the collateral manager, time left in the reinvestment period, and expected cash flows and overcollateralization ratios, instead of the Fund’s generated valuation yields. The Valuation Committee will evaluate the impact of such additional information, and factor it into its consideration of fair value. 36 OXFORD LANE CAPITAL CORP.
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2025
(Unaudited) NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) Securities Sold Under Agreement to Repurchase The Fund may enter into an agreement whereby 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 six months ended September 30, 2025, the Fund repurchased approximately 1.2million