GREENWICH, CT--(Marketwired - Feb 10, 2014) - Oxford Lane Capital Corp. ("Oxford Lane" or "Company") (
In accordance with their terms, each of the Series 2017 and Series 2023 Shares will pay a monthly dividend at a fixed rate of 8.50% and 7.50%, respectively, of the $25.00 per share liquidation preference, or $2.125 and $1.875 per share per year, respectively. This fixed annual dividend rate is subject to adjustment under certain circumstances, but will not in any case be lower than 8.50% and 7.50% per year, respectively, for each of the Series 2017 and Series 2023 Shares.
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company. It currently seeks to achieve its investment objective of maximizing total return by investing in securitization vehicles which, in turn, primarily invest in senior secured loans made to companies whose debt is unrated or is rated below investment grade.
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, including the Prospectus. We undertake no obligation to update such statements to reflect subsequent events.
Contact Information:
Contact:
Dan Kashdin
203-661-2916
8 Sound Shore Drive, Suite 255
Greenwich, CT 06830
http://www.oxfordlanecapital.com