Company: OXLCZ
Filing Date: 2025-11-05
Form Type: N-CSRS
Source: 0001213900-25-106331
Chunk: 44

Company: Oxford Lane Capital Corp.
Filing Date: 2025-11-05
Form: N-CSRS
Chunk 44
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 ) |
| Payment in kind income                                                                                                                                                                                                                                                                                   |     |                 |   0.2 |   |     |                 |       — |   |     |                |    — |   |     |          |     0.2 |   |
| Transfers in and/or out of level 3                                                                                                                                                                                                                                                                       |     |                 |     — |   |     |                 |       — |   |     |                |    — |   |     |          |       — |   |
| Balance at September 30, 2025(2)                                                                                                                                                                                                                                                                         |     | $               |  18.7 |   |     | $               | 2,552.6 |   |     | $              | 28.3 |   |     | $        | 2,599.6 |   |
| The amount of total gains for the period included in earnings attributable to the change in unrealized gains or (losses) related to our Level 3 assets still held at the reporting date and reported within the net change in unrealized gains or (losses) on investments in our Statement of Operations |     | $               |  (5.1 | ) |     | $               |  (140.0 | ) |     | $              |  3.9 |   |     | $        |  (141.2 | ) |

____________ (1)Reduction to cost value on the Fund’s CLO equity investments represents the difference between distributions received, or entitled to be received, for the six months ended September 30, 2025, of approximately $318.0 million and the effective yield interest income recognized on the Fund’s CLO equity subordinated notes of approximately $242.0 million, plus the amortization of cost of the Fund’s CLO equity fee notes of approximately $1.8 million. A reduction to cost value is not made for CLO warehouse investments. (2)Totals may not sum due to rounding. There were no transfers in or out of Level 3 during the six months ended September 30, 2025.

42 OXFORD LANE CAPITAL CORP.
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2025
(Unaudited) NOTE 5. RELATED PARTY TRANSACTIONS Investment Advisory Agreement Effective September 9, 2010, the Fund entered into the Investment Advisory Agreement with Oxford Lane Management, a registered investment adviser under the Advisers Act.