Oxford Lane Capital Corp 6.75% Term Preferred Stock
By: Tim McPartland,
Issue Date 06/05/2017
Shares Issued 2,500,000 Overallotment Shares 375,000
S&P Rating NR Moodys Rating NR
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Security Ticker Symbol OXLCM OTC Temp Ticker OXXDP
Market Traded ON NASDAQ
Dividend Payment Paid Monthly on the last day of the month beginning on July 31, 2017
Monthly Dividend .141 Annual Dividend 1.6875
Securities may be redeemed, at the issuers option, as early as 6/30/2020 for a redemption price of $25/share plus accrued dividends
Dividend Payment Likely Will NOT be Qualified Distributions
Maturity Date 06/30/2024
Click Here for the Oxford Lane Capital Investors Relations Page
Click Here for the prospectus for this offering.
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
