Company: OXLCZ
Filing Date: 2025-05-20
Form Type: N-CSR
Source: 0001213900-25-045605
Chunk: 32

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 32
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MENTS In November 2024, the FASB issued ASU 2024 -03, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures” (“ASU 2024 -03”), which requires public business entities to disclose disaggregated expense details in their income statements, including categories such as employee compensation, depreciation, and amortization. The update aims to enhance transparency by requiring tabular disclosures and qualitative descriptions for unspecified amounts. Additionally, entities must report total selling expenses and their definitions annually. The standard is effective for annual periods beginning after December 15, 2026, with interim periods following in 2027, and early adoption is permitted. The Fund is currently assessing the impact of this guidance, however, the Fund does not expect a material impact on its financial statements. Other than the aforementioned guidance, the Fund’s management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying financial statements. NOTE 6. DISTRIBUTIONS For the year ended March 31, 2025, the Fund declared and paid distributions on its common stock of $1.05 per share, or $357,264,250. The Fund declared and paid distributions on its common stock of $0.95 per share, or $191,597,580 for the year ended March31, 2024. The tax character of distributions paid for the year ended March 31, 2025 represented, on an estimated basis, $357,264,250 from ordinary income. For the year ended March 31, 2025, the amounts and sources of distributions reported are only estimates. The tax character of distributions paid for the year ended March 31, 2024 represented $191,597,580 from ordinary income. The ultimate tax character of distributions is unknown until our tax return is filed. For the years ended March 31, 2025 and March 31, 2024, the Fund also declared and paid dividends on preferred stock of $15,229,663 and $18,678,510, 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,