Oxford Lane Capital Corp. 6.75% Notes due 2031
OXLCL
NASDAQ Global Select24.68
USD
+0.10
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Oxford Lane Capital Corp. 6.75% Notes due 2031
OXLCL
(NASDAQ Global Select)
Recent
price
24.68
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Oxford Lane Capital Corp., a publicly traded closed-end management investment company registered under the Investment Company Act of 1940, seeks to maximize its portfolio's risk-adjusted total return by investing primarily in debt and equity tranches of collateralized loan obligation (CLO) vehicles; these CLOs are collateralized principally by diverse portfolios of senior secured loans made to companies with unrated or below-investment-grade debt, with limited exposure to real estate loans, mortgage loans, or consumer debt such as credit card receivables or auto loans; the company also invests in CLO warehouse facilities, which are financing structures designed to aggregate loans for potential CLO formation, as well as junior debt tranches and related structured finance investments. Headquartered in the United States and founded in 2010, Oxford Lane Capital Corp. operates globally through its CLO portfolio, targeting fixed income securities in the asset management industry with a focus on non-diversified strategies managed by Oxford Lane Management LLC. In recent developments, the company priced a $165 million public offering of 7.95% unsecured notes due 2032 in February 2025, expected to list on Nasdaq under OXLG, with an option for underwriters to purchase an additional $24.75 million; during the second fiscal quarter of 2025, it invested over $145 million in CLO equity, debt, and warehouses while participating in more than 25 resets and refinancings amid $105 billion in market activity, extending the weighted average reinvestment period of its CLO equity portfolio to May 2029; additionally, institutional interest grew as Karpus Management acquired a new stake of 735,372 shares in September 2024.
Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Decline in Short Interest