Oxford Lane Capital Corp.
Q4 2018 Earnings Call Transcript
Published:
- Operator:
- Good morning and welcome to the Oxford Lane Capital Fourth Fiscal Quarter Earnings Release Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Jonathan Cohen. Please go ahead.
- Jonathan Cohen:
- Thanks very much. Good morning and welcome everyone to the Oxford Lane Capital Corp. fourth fiscal quarter 2018 earnings conference call. I am joined today by Saul Rosenthal, our President and Bruce Rubin, our Chief Financial Officer and Treasurer. Bruce, could you open the call today with a discussion regarding forward-looking statements?
- Bruce Rubin:
- Sure, Jonathan. Today’s call is being recorded. An audio replay of the conference call will be available for 30 days. Replay information is included in our press release that was released earlier this morning. Please note that this call is the property of Oxford Lane Capital Corp. Any unauthorized rebroadcast of this call in any form is strictly prohibited. I would also like to call your attention to the customary disclosure in our press release this morning regarding forward-looking information. Today’s conference call includes forward-looking statements and projections and we ask that you refer to our most recent filings at the SEC for important factors that could cause our actual results to differ materially from these projections. We do not undertake to update our forward-looking statements unless required to do so by law. To obtain copies of our latest SEC filings, please visit our website at www.oxlc.com. With that, I will turn the call back over to Jonathan.
- Jonathan Cohen:
- Thanks very much, Bruce. At March 31, 2018, our net asset value per share stood at $10.08 compared with a net asset value per share at December 31, 2017 of $10.02. We generated a total return of approximately 4.6% for shareholders during the quarter ended March 31, 2018. That return reflects the change in net asset value per share for the period as well as the impact of a $0.405 per share dividend. For the quarter ended March 31, we reported GAAP total investment income of approximately $20.4 million representing an increase of approximately $1.4 million when compared to the quarter ended December 31, 2017. The fourth quarter’s GAAP investment income from our portfolio was produced as follows
- Jonathan Cohen:
- I would like to thank everybody for their interest and their participation on this call and we look forward to speaking to you again shortly. Thanks very much.
- Operator:
- The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
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