OXLC Is A Mess - Here's Why I'm Bullish

OXLC's business model shifts credit risk to shareholders, distributing all earnings and recording capital losses as NAV/share declines. Returns are positively correlated with price/NAV discounts, favoring buy-and-hold entry at deep discounts. The 2032 7.9% Notes now trade below redemption, offering fixed-income investors a cleaner, lower-risk exit.