Company: OXLCZ
Filing Date: 2025-09-04
Form Type: DEF 14A
Source: 0001213900-25-084505
Chunk: 29

Company: Oxford Lane Capital Corp.
Filing Date: 2025-09-04
Form: DEF 14A
Chunk 29
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 are reasonable in light of any economies of scale; •The experience and qualifications of the personnel performing services under the Investment Advisory Agreement, and concluded that the services to be performed and the personnel performing such services were satisfactory; •Profitability and other possible benefits to the Adviser and its affiliates arising from their relationships with the Company, and concluded that Oxford Lane Management’s and its affiliates profitability and other benefits were not excessive with respect to the Company; and •The possibility of obtaining similar services from other third -partyservice providers or through an internally managed structure and concluded that our current externally managed structure with Oxford Lane Management as our investment adviser was satisfactory. 18

The Board’s evaluation process with respect to Oxford Lane Management is an ongoing one. In this regard, in making its determinations, the Board also took into account discussions with management and information provided to the Board at prior meetings throughout the year with respect to the services provided by Oxford Lane Management, including performance reports and prior presentations from Oxford Lane Management. The information received and considered by the Board in connection with the meeting at which the Investment Advisory Agreement was re -approvedand throughout the year was both written and oral. Based on the information reviewed and the discussions detailed above, the Board of Directors, including all of the directors who are not “interested persons” as defined in the 1940 Act, and assisted by independent counsel, concluded that the investment advisory fees payable to Oxford Lane Management pursuant to the Investment Advisory Agreement were not unreasonable in relation to the services to be provided and that the renewal of the Investment Advisory Agreement is in the best interest of the Company and its stockholders. The Board of Directors did not assign relative weights to the above factors, or the other factors considered by it. Individual members of the Board of Directors may have attributed different weights to different factors. Independent Registered Public Accounting Firm The Audit Committee and the independent directors of the Board of Directors have selected PricewaterhouseCoopers LLP to serve as the independent registered public accounting firm for the Company for the fiscal year ending March 31, 2026. PricewaterhouseCoopers LLP has advised us that neither the firm nor any present member or associate of it has any material financial interest, direct or indirect, in the Company or its affiliates. It is expected that a representative of PricewaterhouseCoopers LLP will be present at the Annual Meeting and will have an opportunity to make a statement if he or she chooses and will be available to answer questions.

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