Oxford Lane Capital Corp. Announces Dividend Declaration of 6.75% New Series 2024 Term Preferred Stock
July 12 2017 - 5:44PM
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 |
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Record Dates |
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Payment Dates |
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New Series
2024 |
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$ |
0.22031 |
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July 17, 2017 |
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July 31, 2017 |
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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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