Oxford Lane Capital Corp. Provides July Net Asset Value Update
August 08 2024 - 8:00AM
Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCP)
(NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS:
OXLCN) (NasdaqGS: OXLCI) (the “Company”) today announced the
following net asset value (“NAV”) estimate as of July 31, 2024.
-
Management’s unaudited estimate of the range of the NAV per share
of our common stock as of July 31, 2024, is between $4.84 and
$4.94. This estimate is not a comprehensive statement of our
financial condition or results for the month ended July 31, 2024.
This estimate did not undergo the Company’s typical quarter-end
financial closing procedures and was not approved by the Company’s
board of directors. We advise you that our NAV per share for the
quarter ending September 30, 2024 may differ materially from this
estimate, which is given only as of July 31, 2024.
- As of
July 31, 2024, the Company had approximately 304.4 million shares
of common stock issued and outstanding.
The fair value of the Company’s portfolio investments may be
materially impacted after July 31, 2024, by circumstances and
events that are not yet known. To the extent the Company’s
portfolio investments are impacted by market volatility in the U.S.
or worldwide, the Company may experience a material impact on its
future net investment income, the fair value of its portfolio
investments, its financial condition and the financial condition of
its portfolio investments. Investing in our securities involves a
number of significant risks. For a discussion of the additional
risks applicable to an investment in our securities, please refer
to the section titled “Risk Factors” in our prospectus and the note
titled “Risks and Uncertainties” in our most recent annual report
or semi-annual report, as applicable.
The preliminary financial data included in this press
release has been prepared by, and is the responsibility of,
Oxford Lane Capital
Corp.'s management. PricewaterhouseCoopers LLP has not
audited, reviewed, compiled, or applied agreed-upon procedures with
respect to the preliminary financial data. Accordingly,
PricewaterhouseCoopers LLP does not express an opinion or any other
form of assurance with respect thereto.
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. is a publicly-traded registered
closed-end management investment company principally investing in
debt and equity tranches of CLO vehicles. CLO investments may also
include 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 statements containing the words “believes,”
“plans,” “anticipates,” “expects,” “estimates” and similar
expressions) should also be considered to be forward-looking
statements. These statements are not guarantees of future
performance, conditions or results and involve a number of risks
and uncertainties. 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, except as may be required by law.
Contact:Bruce Rubin203-983-5280
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