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Oxford Lane Capital Corp | 6.00% Cumulative Series 2029 Term Preferred Shares (OXLCO)
Prospectus excerpt: We are offering 2,400,000 shares of our 6.00% Series 2029 preferred stock, or the “Series 2029 Term Preferred Shares.” We will pay monthly dividends on the Series 2029 Term Preferred Shares at an annual rate of 6.00% of the $25 liquidation preference per share, or $1.50 per Series 2029 Term Preferred Share per year, on the last business day of each month, commencing September 30, 2021. Full Prospectus PDF », Secondary Prospectus PDF », OXLC Page »
Series: | 2029 | Redeemable?: | Yes | Call Date: | 8/31/2024 | Maturity Date: | 8/31/2029 | Cumulative?: | Yes | Shares Offered: | 2,400,000 | Overallotment: | 360,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $22.19 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-2.81 (-11.24%) | Annualized Dividend: | 1.5 | Recent Ex-Date: | 5/16/2024 | Current Yield: | 6.76% | Original Coupon: | 6.00% | Pay Period: | Monthly | CDx3 Compliance Rating: |
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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 Open the OXLC Information Page »
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