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OXLC Oxford Lane Capital Corporation

5.15
0.05 (0.98%)
After Hours
Last Updated: 23:15:49
Delayed by 15 minutes
Share Name Share Symbol Market Type
Oxford Lane Capital Corporation NASDAQ:OXLC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.05 0.98% 5.15 5.13 5.15 5.15 5.11 5.13 1,820,904 23:15:49

Corrected Release: Oxford Lane Capital Corp. Announces Dividend Declaration of 6.75% New Series 2024 Term Preferred Stock

13/07/2017 7:24pm

GlobeNewswire Inc.


Oxford Lane Capital (NASDAQ:OXLC)
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Oxford Lane Capital Corp. (NASDAQ:OXLC) (NASDAQ:OXLCO) (NASDAQ:OXLCN) (NASDAQ:OXLCM) (“OXLC” or the “Company”) announced today that our Board of Directors has declared the dividend for the period June 14, 2017 through July 31, 2017 on our New Series 2024 Term Preferred Shares as follows:

  Per Share Dividend Amount Declared Record Date Payment Date
       
       
New Series 2024 $0.2203125 July 17, 2017 July 31, 2017

About Oxford Lane Capital Corp.

Oxford Lane Capital Corp. is a publicly traded registered closed-end management investment company. Our investment objective is to maximize our portfolio's risk-adjusted total return by purchasing portions of equity and junior debt tranches of collateralized loan obligation ("CLO") vehicles. Structurally, CLO vehicles are entities formed to originate and manage a portfolio of loans. The CLO vehicles which we focus on are collateralized primarily by senior secured loans made to companies whose debt is unrated or is rated below investment grade. Our investment strategy also includes warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including, but not limited to, statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.

Contact: 
Bruce Rubin 
203-983-5280 

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