Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sun, August 14, 8:30 PM
|This Slide: #439 of 582|
Slide #439. Oxford Lane Capital Corp. — Preferred Stock Offering
Oxford Lane Capital Corp. (NASDAQ:OXLC)
7.50% Series 2023 Term Preferred Shares (NASDAQ:OXLCO)
Date of Pricing:
Price Per Share:
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.
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