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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Nov. 27, 2:23 PM

Slide #11. Oxford Lane Capital Corp. Secondary Offering

Company: Oxford Lane Capital Corp. (NASDAQ:OXLC)
Date announced: 11/20/2014
Security type: 8.125% Series 2024 Term Preferred Stock (OXLCN)
Shares Offered: 1,000,000
Date of Pricing: 11/20/2014
Price Per Share: $25
Secondary Offering Details: Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) (NASDAQ: OXLCP) (NASDAQ: OXLCO) and (NASDAQ: OXLCN) today announced that it plans to offer shares of its Series 2024 Term Preferred Shares (the "Preferred Stock") in an underwritten public offering. The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions to cover over-allotments, if any. The Preferred Stock is listed on the NASDAQ Global Select Market under the symbol "OXLCN."

Oxford Lane Capital is a non-diversified closed-end management investment company that has registered as an investment company under the 1940 Act. Co.'s investment objective is to maximize its portfolio's total return and seeks to achieve its investment objective by investing primarily in senior secured loans and the equity and junior debt tranches of collateralized loan obligation vehicles. As of Mar 31 2014, the Trust had total assets of $352,362,232 and the market value of its investment portfolio was $236,684,317.

Preferred: OXLCP


Open the OXLC Page at The Online Investor »

Company Name:  Oxford Lane Capital Corp
Website:  www.oxfordlanecapital.com
Sector:  Investment Brokerages
 

Open the OXLC Page at The Online Investor (in a new window) »

November 27, 2014    2:23 PM Eastern
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