SOURCE: Oxford Lane Capital Corp.

December 11, 2015 08:00 ET

Oxford Lane Capital Corp. Announces the Declaration of Distributions on Common Stock for the Quarters Ending March 31, 2016 and June 30, 2016

GREENWICH, CT--(Marketwired - Dec 11, 2015) - Oxford Lane Capital Corp. ("Oxford Lane" or "Company") (NASDAQ: OXLC) (NASDAQ: OXLCO) (NASDAQ: OXLCN) announced today that the Company's Board of Directors has declared distributions of $0.60 per share of its outstanding common stock for each of the quarters ending March 31, 2016 and June 30, 2016. The distribution for the quarter ending March 31, 2016 is payable on March 31, 2016 to shareholders of record as of March 16, 2016. The distribution for the quarter ending June 30, 2016 is payable on June 30, 2016 to shareholders of record as of June 16, 2016.

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 Information

  • Contact:
    Bruce Rubin
    203-983-5280