{"id":531029,"date":"2021-08-24T16:04:17","date_gmt":"2021-08-24T20:04:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/oxford-lane-capital-corp-announces-dividend-declaration-of-6-00-series-2029-term-preferred-stock\/"},"modified":"2021-08-24T16:04:17","modified_gmt":"2021-08-24T20:04:17","slug":"oxford-lane-capital-corp-announces-dividend-declaration-of-6-00-series-2029-term-preferred-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oxford-lane-capital-corp-announces-dividend-declaration-of-6-00-series-2029-term-preferred-stock\/","title":{"rendered":"Oxford Lane Capital Corp. Announces Dividend Declaration of 6.00% Series 2029 Term Preferred Stock"},"content":{"rendered":"
\n

GREENWICH, Conn., Aug. 24, 2021 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (the \u201cCompany\u201d) (NasdaqGS: OXLC, OXLCM, OXLCP, OXLCL and OXLCO) announced today its Board of Directors has declared the required monthly dividends on its 6.00% Series 2029 Term Preferred Shares as follows:<\/p>\n\n\n\n\n
\u00a0<\/td>\n\n Per Share Dividend Amount\u00a0<\/strong>
\n Declared<\/strong>\n <\/td>\n		\n Record Dates<\/strong>\n <\/td>\n\n Payment Dates<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n$<\/td>\n0.1875(1)<\/sup>\u00a0<\/td>\nSeptember 16, 2021<\/td>\nSeptember 30, 2021<\/td>\n<\/tr>\n
\u00a0<\/td>\n$<\/td>\n0.125<\/td>\nOctober 15, 2021 and November 16, 2021<\/td>\nOctober 29, 2021 and November 30, 2021<\/td>\n<\/tr>\n<\/table>\n

__________________
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1)\u00a0\u00a0<\/sup>Includes the initial accrual period commencing August 17, 2021, the date the 6.00% Series 2029 Term Preferred Shares were issued.<\/p>\n

In accordance with its terms, the 6.00% Series 2029 Term Preferred Shares will pay a monthly dividend at a fixed rate of 6.00% of the $25.00 per share liquidation preference, or $1.50 per share per year. This fixed annual dividend rate is subject to adjustment under certain circumstances, but will not, in any case, be lower than 6.00% for the 6.00% Series 2029 Term Preferred Shares.<\/p>\n

\n About Oxford Lane Capital Corp. <\/strong>\n <\/p>\n

Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company. It currently seeks to achieve its investment objective of maximizing risk-adjusted total return by investing in debt and equity tranches of collateralized loan obligation (\u201cCLO\u201d) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

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\u2019s securities offering. Any statements that are not statements of historical fact (including statements containing the words \u201cbelieves,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cexpects,\u201d \u201cestimates\u201d 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, unless required to do so by law.<\/p>\n

Contact:
Bruce Rubin
203-983-5280<\/p>\n

Source: Oxford Lane Capital Corp.<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

GREENWICH, Conn., Aug. 24, 2021 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (the \u201cCompany\u201d) (NasdaqGS: OXLC, OXLCM, OXLCP, OXLCL and OXLCO) announced today its Board of Directors has declared the required monthly dividends on its 6.00% Series 2029 Term Preferred Shares as follows: \u00a0 Per Share Dividend Amount\u00a0 Declared Record Dates Payment Dates \u00a0 $ 0.1875(1)\u00a0 September 16, 2021 September 30, 2021 \u00a0 $ 0.125 October 15, 2021 and November 16, 2021 October 29, 2021 and November 30, 2021 __________________\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1)\u00a0\u00a0Includes the initial accrual period commencing August 17, 2021, the date the 6.00% Series 2029 Term Preferred Shares were issued. In accordance with its terms, the 6.00% Series 2029 Term Preferred Shares will pay a monthly dividend at a fixed rate … <\/p>\n

Continue reading “Oxford Lane Capital Corp. Announces Dividend Declaration of 6.00% Series 2029 Term Preferred Stock”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-531029","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOxford Lane Capital Corp. 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