PreferredStockChannel

Slideshow Highest Yielding Monthly Paying Preferreds

By Preferred Stock Channel Staff, updated Thu, December 2, 4:06 AM

#4. Oxford Lane Capital Corp | 8.50% Preferred Stock Series 2017 (NASDAQ:OXLCP) | 6.22% CURRENT YIELD

Premium to Liquidation Preference: 0.48%Average Premium in Category: 4.59%
Current Annualized Yield: 6.22%Average Yield in Category: 5.34%
Days Since Last Ex-Div Date: 16 | See Dividend History »Categorization: Financial

Series:2017
Redeemable?:Yes
Call Date:12/31/2014 (Now Trading Post Call Date)
Maturity Date:12/31/2017
Cumulative?:Yes
Shares Offered:600,000
Overallotment:90,000
Liquidation Preference:$25
Recent Market Price:$24.90
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-0.10 (-0.40%)
Annualized Dividend:1.5625
Recent Ex-Date:12/16/2021
Current Yield:6.28%
Original Coupon:8.50%
Pay Period:Monthly
CDx3 Compliance Rating: Learn OXLCP's Rating
Oxford Lane Capital is a closed-end management investment company. The Fund's investment objective is to maximize its portfolio's risk adjusted total return, and seeks to achieve its investment objective by investing in structured finance investments, specifically the equity and junior debt tranches of collateralized loan obligation vehicles, which are collateralized primarily by a diverse portfolio of Senior Loans, and which generally have very little or no exposure to real estate loans, or mortgage loans or to pools of consumer-based debt, such as credit card receivables or auto loans.

Preferred: OXLCP


Open the OXLC Information Page »
Name: 
Oxford Lane Capital Corp
Website: 
www.oxfordlanecapital.com
Sector: 
Investment Companies & Venture Capital
Number of ETFs Holding OXLC: 
1 (see which ones)
Total Market Value Held by ETFs: 
$319,500
Total Market Capitalization: 
$16,000,000
% of Market Cap. Held by ETFs: 
2.00%

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