Oxford Square Capital Corp Dossier
Qualitative Analysis
Business overview
Oxford Square Capital Corp. (NASDAQ: OXSQ) is a closed-end, non-diversified management investment company operating as a Business Development Company (BDC). Founded in 2003 and headquartered in Greenwich, Connecticut, the firm primarily targets early- and middle-stage technology-related companies. Its investment strategy focuses on secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock, and syndicated bank loans, alongside structured finance investments in collateralized loan obligation (CLO) equity tranches. OXSQ typically concentrates its investments in companies with annual revenues under $200 million and enterprise values below $300 million, with transaction sizes ranging from $5 million to $30 million.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Focusing on structured finance investments, specifically collateralized loan obligation (CLO) equity and junior debt tranches, to maximize risk-adjusted total returns. The company continues to target middle-market corporate debt and CLO vehicles that own corporate debt securities.
Expected impact: Aims to rebuild earnings power, improve net investment income (NII), and achieve full dividend coverage over the long term.
Implementation of a 12-month share repurchase program authorized on October 30, 2025, allowing the company to buy back up to $25.0 million of its outstanding common stock in the open market.
Expected impact: Intended to support shareholder value and mitigate the dilutive effects of previous at-the-market (ATM) common stock offerings.