Oxford Square Capital Corp.

SCHEDULE OF INVESTMENTS (Unaudited)

(1) The Company generally acquires its investments in transactions not subject to registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to restrictions as “restricted securities” (within the meaning of the Securities Act). Unless otherwise noted, all securities were acquired in transactions not subject to registration under the Securities Act.

(2) Fair value is determined in good faith by the Board of Directors of the Company.

(3) As of June 30, 2026, the portfolio includes approximately $35.6 million of principal amount of debt investments and 8,669,682 shares of preferred stock investments which contain an active payment-in-kind (“PIK”) provision.

(4) Notes bear interest at variable rates and are subject to an interest rate floor where disclosed. The rate disclosed is as of June 30, 2026.

(5) Cost value reflects accretion of original issue discount or market discount, or amortization of premium.

(6) Cost value reflects repayment of principal.

(7) Non-income producing as of June 30, 2026.

(8) Aggregate gross unrealized appreciation for U.S. federal income tax purposes is $11,968,969; aggregate gross unrealized depreciation for U.S. federal income tax purposes is $158,793,228. Net unrealized depreciation is $146,824,259 based upon an estimated tax cost basis of $399,666,953 as of June 30, 2026.

(9) Cost reflects accretion of effective yield less any cash distributions received or entitled to be received from collateralized loan obligation (“CLO”) equity investments.

(10) Totals may not sum due to rounding.

(11) Indicates assets that the Company believes do not represent “qualifying assets” under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). The Company may include CLO equity side letter related investments within CLO equity subordinated notes line items, and those side letter related investments may represent qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of the Company’s total assets at the time of acquisition of any additional non-qualifying assets. As of June 30, 2026, the Company held qualifying assets that represented 69.4% of its total assets.

(12) Investment not domiciled in the United States, however, the principal country of risk where this investment primarily has exposure is the United States.

(13) Fair value includes the Company’s interest in subordinated fee notes and represents discounted cash flows associated with fees earned from CLO equity investments.

(14) Aggregate investments represent greater than 5% of net assets.

(15) The CLO equity investment was optionally redeemed. Expected value of residual distributions, once received, is anticipated to be recognized as return of capital, pending any remaining amortized cost, and/or realized gain for any amounts received in excess of such amortized cost.

(16) The principal balance outstanding for this debt investment, in whole or in part, is indexed to 90-day SOFR.

(17) As of June 30, 2026, this investment was on non-accrual status and no interest or dividend income has been recognized on this investment during the six months ended June 30, 2026. The aggregate fair value of these investments was approximately $6.9 million.

(18) The CLO subordinated notes and income notes are considered equity positions in CLO vehicles. Equity investments are entitled to recurring distributions which are generally equal to the remaining cash flow of the payments made by the underlying fund’s securities less contractual payments to debt holders and fund expenses. The estimated yield indicated is based on the prior quarters ending investment cost (for previously existing portfolio investments) or the original cost for those investments made during the current quarter, as well as, a current projection of the future cash flows. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realized.

(19) Represents cash equivalents held in a money market fund as of June 30, 2026.

(20) The fair value of the investment was determined using significant unobservable inputs. See “Note 4. Fair Value.”

(21) The Company’s SAFE (Simple Agreement for Future Equity) investment in Infinity Constellation Inc. is not debt (no stated interest or maturity) and provides the right to receive equity in the future upon a qualifying equity financing.

(22) The investment is co-invested with the Company’s affiliates. See “Note 7. Related Party Transactions.”

(23) The principal balance outstanding for this investment, in whole or in part, is indexed to 30-day SOFR.

(24) Cost value reflects amortization.

(25) As of June 30, 2026, the effective yield has been estimated to be 0%. The aggregate projected amount of future recurring distributions and terminal principal payment is less than the amortized investment cost.