Oxford Lane Capital Corp | 6.75% Cumulative Series 2024 Term Preferred Shares (OXLCM) Information Page

Oxford Lane Capital Corp | 6.75% Cumulative Series 2024 Term Preferred Shares (OXLCM)

Prospectus excerpt: We are offering 2,500,000 shares of our 6.75% Series 2024 preferred stock, or the “New Series 2024 Term Preferred Shares.” We will pay monthly dividends on the New Series 2024 Term Preferred Shares at an annual rate of 6.75% of the $25 liquidation preference per share, or $1.6875 per New Series 2024 Term Preferred Share per year, on the last business day of each month, commencing July 31, 2017.

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OXLCM — Key Stats

Series:	2024
Redeemable?:	Yes
Call Date:	6/30/2020 (Now Trading Post Call Date)
Maturity Date:	6/30/2024
Cumulative?:	Yes
Shares Offered:	2,500,000
Overallotment:	375,000
Liquidation Preference:	$25.00
Recent Market Price:	$24.96
Discount to Liquidation Preference: (More Preferreds Trading at a Discount »)	$-0.04 (-0.16%)
Annualized Dividend:	1.6875
Recent Ex-Date:	5/16/2024
Current Yield:	6.76%
Original Coupon:	6.75%
Pay Period:	Monthly
CDx3 Compliance Rating:	Learn OXLCM's Rating

About Oxford Lane Capital Corp (OXLC)

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.

Preferreds: OXLCM, OXLCP, OXLCO, OXLCN

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OXLC — Key Stats (updated 2 HRs, 48 MINs ago)