Corrected Release: Oxford Lane Capital Corp. Announces Dividend Declaration of 6.75% New Series 2024 Term Preferred Stock
July 13 2017 - 2:24PM
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:
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Per Share Dividend Amount
Declared |
|
Record Date |
|
Payment Date |
|
|
|
|
|
|
|
|
|
|
|
|
|
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New Series
2024 |
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$0.2203125 |
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July 17, 2017 |
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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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