Oxford Lane Capital Corp 8.125% Series 2024 Preferred Stock (Monthly)

By: ,

Series 2024 Term Preferred Stock 


Issue Date    6/5/2014

Shares  Issued   1,120,000  Overallotment Shares 168,000


Secondary Issue  11/20/2014

Shares Issued  1,000,000   Overallotment Shares  150,000

S&P Rating  NR   Moodys Rating   NR

Security Ticker Symbol   OXLCN   OTC Temp Ticker  OXLPP

Market Traded ON   NASDAQ

Dividend Payment Paid Monthly on the last day of the month beginning on July 31, 2014

Monthly Dividend   .17   Annual Dividend   2.031

Securities may be redeemed, at the issuers option, as early as 6/30/2017 for a redemption price of $25/share plus accrued dividends

Dividend Payment Likely Will NOT be Qualified Distributions


Maturity Date   06/30/2024


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Tim McPartland
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.
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