Oxford Lane Capital Corp. Announces Filing of Semi-Annual Report for the Second Fiscal Quarter 2012 and Announces a Dividend of $0.50 per Share

GREENWICH, CT--(Marketwire - Nov 14, 2011) - Oxford Lane Capital Corp. (NASDAQ: OXLC) (the "Fund" or the "Company") has announced the filing of its semi-annual report, which includes the Fund's financial results for the six months ended September 30, 2011. The Fund also announced a dividend of $0.50 per share for the third fiscal quarter of 2012. The dividend will be payable on December 30, 2011, to holders of record as of December 16, 2011.

The Fund's semi-annual report, which includes its financial statements, has been posted to its website at www.oxfordlanecapital.com.

About Oxford Lane Capital Corp.

Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company. It seeks to achieve its investment objective of maximizing total return by investing primarily in senior secured loans made to companies whose debt is unrated or is rated below investment grade, with an emphasis on current income. Those investments may take a variety of forms, including the direct purchases of such loans (either in the primary or secondary markets) or through investments in entities that in turn own a pool of such loans.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions, including statements with regard to the anticipated use of the net proceeds of the Company's securities offering. 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. 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.