Company: OXLCZ
Filing Date: 2025-11-05
Form Type: N-CSRS
Source: 0001213900-25-106331
Chunk: 16

Company: Oxford Lane Capital Corp.
Filing Date: 2025-11-05
Form: N-CSRS
Chunk 16
---
 | 23,982,750 |     |        |
| Elmwood CLO 38 Ltd.                                                                   |     |             |     |           |            |     |      |            |     |          |            |     |        |
| CLO subordinated notes(5)(7)(9), (Estimated yield 13.23%, maturity April 22, 2038)    |     | 01/17/2025  |     |           | 49,662,000 |     |      | 43,042,618 |     |          | 36,253,260 |     |        |

(Continued on next page) See Accompanying Notes.

15

OXFORD LANE CAPITAL CORP. SCHEDULE OF INVESTMENTS – (continued)
SEPTEMBER 30, 2025
(Unaudited)

| COMPANY/INVESTMENT(1)(13)(14)                                                          
 Collateralized Loan Obligation – Equity Investments (continued)                        
 Structured Finance – Equity Investments (continued)                                    
 Elmwood CLO V Ltd.                                                                     |     | ACQUISITION 
 DATE(15)    |     | PRINCIPAL 
 AMOUNT/   
 SHARES    |            |     | COST |            |     | FAIR     
 VALUE(2) |            |     | % of   
 Net    
 Assets |
|:---------------------------------------------------------------------------------------|:----|:------------|:----|:----------|-----------:|:----|:-----|-----------:|:----|:---------|-----------:|:----|:-------|
| CLO subordinated notes(5)(7), (Estimated yield 13.38%, maturity October 20, 2037)      |     | 01/25/2022  |     | $         | 10,400,000 |     | $    |  8,225,433 |     | $        |  5,928,000 |     |        |
| Elmwood CLO VI, Ltd.                                                                   |     |             |     |           |            |     |      |            |     |          |            |     |        |
| CLO subordinated notes(5)(7), (Estimated yield 12.64%, maturity July 18, 2037)         |     | 07/11/2024  |     |           | 24,327,000 |     |      | 16,540,484 |     |          |