This article was first released to CEF/ETF Income Laboratory subscribers 2 weeks ago.
Investment Thesis
Oxford Square Capital (OXSQ) is a business development company [BDC] that invests in first and second secured loans as well as collateralized loan obligations [CLOs]. Investors should avoid OXSQ and invest in its sister company Oxford Lane Capital (OXLC) instead.
Business Overview
OXSQ as a BDC invests in loans and CLOs as a means to generate their income. Previously, OXSQ was called TICC Capital but changed its name to more closely align their BDC and CLO