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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, December 4, 2:43 AM

Slide #430. Oxford Lane Capital Corp. Preferred Stock Offering

Company: Oxford Lane Capital Corp. (NASDAQ:OXLC)
Date announced: 11/12/2013
Security type: 7.50% Series 2023 Term Preferred Shares (NASDAQ:OXLCO)
Shares Offered: 1,625,000
Date of Pricing: 11/13/2013
Price Per Share: $22.50
Preferred Stock Offering Details: Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) (NASDAQ: OXLCP) (NASDAQ: OXLCO) today announced that it plans to offer additional shares of its 7.50% Series 2023 Term Preferred Shares (the "Preferred Stock") in an underwritten public offering. The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions to cover over-allotments, if any.

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 Page at Preferred Stock Channel »
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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: 
$431,973
Total Market Capitalization: 
$16,000,000
% of Market Cap. Held by ETFs: 
2.70%
 

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