Preferred Stock Offerings
By Ru Back Packer Staff, updated Thursday, February 1, 5:48 AM
Slide #239. Oxford Lane Capital Corp. — Preferred Stock Offering
||Oxford Lane Capital Corp. (NASDAQ:OXLC)
|Preferred Stock Offering Details:
||Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) (NASDAQ: OXLCP) (NASDAQ: OXLCO) today announced that it plans to offer shares of its newly designated 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.
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 2017, the Trust had total assets of $377,117,936 and the market value of its investment portfolio was $356,755,459.
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