Company: OXLCZ
Filing Date: 2025-05-20
Form Type: N-CSR
Source: 0001213900-25-045605
Chunk: 60

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 60
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 a comparison to the performance of the Fund’s peer group, and concluded that the Fund’s performance is satisfactory; •Comparative data with respect to advisory fees or similar expenses paid by other closed -endmanagement investment companies with similar investment objectives and the Fund’s historical and projected operating expenses and expense ratio compared to closed-end management investment companies with similar investment objectives, and concluded that the total advisory fees paid by the Fund to Oxford Lane Management were not unreasonable; •The direct and indirect costs that might be incurred by Oxford Lane Management and its affiliates in performing services for the Fund and the basis of determining and allocating these costs, and concluded the direct and indirect costs are not unreasonable; •The possible economies of scale arising from the Fund’s size and/or anticipated growth , and concluded that the advisory fees 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 Fund, and concluded that Oxford Lane Management’s and its affiliates profitability and other benefits were not excessive with respect to the Fund; 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. 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 Fund 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