Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL) to Issue Quarterly Dividend of $0.42 on June 30th

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) declared a quarterly dividend on Friday, January 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.4219 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Monday, June 15th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 0.6%

NASDAQ OXLCL opened at $24.51 on Friday. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a twelve month low of $23.18 and a twelve month high of $24.99. The stock has a fifty day simple moving average of $24.24 and a 200-day simple moving average of $24.15.

Hedge Funds Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. purchased a new position in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 38,367 shares of the company’s stock, valued at approximately $924,000.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.