Investor Presentaiton
Summary Portfolio Highlights
Portfolio Activity
($ in millions)
New investments
Repayments and Sales
Net investment activity
Weighted average yield of debt investments at current cost¹
Q3-22
$ 3.9
Q2-22
Q1-22
Q4-21
Q3-21
$ 26.9
$ 47.4
$ 23.3
$ 23.1
12.8
9.6
42.0
11.9
5.7
$ (8.8)
$ 17.2
$ 5.3
$ 11.4
$ 17.4
10.4%
9.0%
8.0%
7.7%
7.5%
Weighted average effective yield of CLO equity investments at current cost
9.0%
9.5%
8.9%
9.1%
9.1%
Weighted average yield of total investments at current cost
9.8%
9.2%
8.4%
8.3%
8.2%
Weighted average cash distribution yield of debt investments at current cost²
8.5%
7.3%
6.6%
6.6%
6.4%
Weighted average cash distribution yield of cash income producing CLO equity investments at current cost³
Weighted average cash yield of cash income producing securities at current cost
16.6%
20.7% 23.8% 21.2%
19.6%
11.7%
12.5% 13.4%
12.0%
11.6%
Total Investments by Asset Type 4,5
First-lien secured debt
Second-lien secured debt
CLO equity
CLO debt
Other
Q3-22
Q2-22 Q1-22 Q4-21
Q3-21
24%
23%
22%
22%
26%
44%
46%
45%
41%
36%
32%
30%
33%
37%
39%
0%
0%
0%
0%
0%
<1%
<1%
<1%
<1%
<1%
Note: Certain figures may not foot or tie to financial statements due to rounding.
1.
2.
3.
4.
456
Represents accrued interest divided by amortized cost of interest earning debt investments (excluding investments on non-accrual status) held on 9/30/2022.
Represents the cash interest received or entitled to be received and recognized as income on interest earning debt investments (excluding PIK interest and OID) in the respective quarter annualized, divided by the
average of the total cost basis at the beginning and end of such respective quarter of total debt investments.
The CLO equity cash distribution yield shown is calculated by taking the quarterly distributions received, or were entitled to be received, for the CLO equity investments which were scheduled to make a distribution
to OXSQ (which includes investments where there was full cashflow diversion), annualizing such amount and dividing by the current cost basis of those investments. It does not include CLO equity which had not
made its initial distribution by quarter-end or CLO investments which have been optionally redeemed.
As a percentage of the total invested portfolio fair value as of quarter end. Excludes cash and equivalents.
Due to rounding, totals may not add up to 100%.
"Other" includes common stock and preferred equity.
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OXSQView entire presentation