Oxford Lane Capital Corp. Announces Monthly Distributions Through March 2027 and Plans $40M Note Redemption
Oxford Lane Capital Corp. (OXLC) has outlined its distribution strategy, committing to monthly distributions of $0.10 per share through March 2027. As part of its capital management plan, the company intends to redeem the remaining $40 million of its 5% notes. During the Q2 fiscal 2027 earnings call, CEO and Director Jonathan Cohen reported that the company's Net Asset Value (NAV) per share stood at $9.95 as of September 30. This represents a decrease from the previous quarter's NAV of $10.74.
Tickers: $OXLC
Topics: earnings financial results net asset value
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