Oxford Lane Capital Corp 8.125% Series 2024 Preferred Stock (Monthly)
By: Tim McPartland,
Series 2024 Term Preferred Stock
Issue Date 6/5/2014
Shares Issued 1,120,000 Overallotment Shares 168,000
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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
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Maturity Date 06/30/2024
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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.
