Oxford Lane (OXLC) Reports Q4 Core NII of $0.43

Oxford Lane (NASDAQ: OXLC) reported Q4 Core NII of $0.43. Revenue for the quarter came in at $9.3 million, versus $0 reported last year.

• Net asset value per share as of March 31, 2017 stood at $10.20 compared with a net asset value per share at December 31, 2016 of $10.74.
• Net investment income, calculated in accordance with generally accepted accounting principles ("GAAP"), was approximately $9.8 million, or approximately $0.45 per share, for the quarter ended March 31, 2017 and approximately $30.1 million, or approximately $1.51 per share, for the year ended March 31, 2017.
• Our core net investment income ("Core NII") was approximately $9.3 million, or approximately $0.43 per share, for the quarter ended March 31, 2017, and approximately $54.1 million, or approximately $2.72 per share, for the year ended March 31, 2017.
  • Core NII represents net investment income adjusted for additional cash distributions received, or entitled to be received (if any, in either case), on our collateralized loan obligation ("CLO") equity investments. (See additional information under "Supplemental Information Regarding Core Net Investment Income" below).
  • While our experience has been that cash flow distributions have historically represented useful indicators of our CLO equity investments' annual taxable income, we believe that current and future cash flow distributions may provide less useful indications as to the final determination of taxable income with respect to our CLO equity investments.

For earnings history and earnings-related data on Oxford Lane (OXLC) click here.

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