they have lots of pfds....
| OXLC | Oxford Lane Capital Corp. | NGS | | OXLCG | Oxford Lane Capital Corp., 7.95% Notes due 2032 | NGS | | OXLCI | Oxford Lane Capital Corp., 8.75% Notes due 06/30/2030 | NGS | | OXLCL | Oxford Lane Capital Corp., 6.75% Notes due 03/31/2031 | NGS | | OXLCN | Oxford Lane Capital Corp., 7.125% Term Preferred Series 06/30/2029 | NGS | | OXLCO | Oxford Lane Capital Corp., 6.00% Cumulative Series 2029 Term Preferred Shares | NGS | | OXLCP | Oxford Lane Capital Corp. 6.25% Term Preferred Series Due 2/28/2027 | NGS | | OXLCZ | Oxford Lane Capital Corp., 5.00% Notes due 01/31/2027 |
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Oxford Lane Capital Corp. Announces Further Detail on its Previously Announced 1-for-5 Reverse Stock Split
Company Release - 9/2/2025
GREENWICH, Conn., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (the “Company”) reported that it expects to implement the previously announced 1-for-5 reverse stock split of its issued and outstanding shares of common stock, par value $0.01 per share (“Common Stock”), effective as of September 5, 2025, with trading to begin on a split-adjusted basis at market open on the following business day, September 8, 2025. As a result of the reverse stock split, every five shares of Common Stock will be automatically combined into one issued and outstanding share of Common Stock, without any change in the par value per share. Trading in the Common Stock will continue on the Nasdaq Stock Market under the symbol “OXLC” but the new CUSIP number for the Common Stock following the reverse stock split will be 691543 847 effective September 8, 2025.
Once the reverse stock split goes into effect on September 5, 2025, the following previously announced monthly distributions of $0.09 per share for the month ending September 30, 2025 and $0.08 per share for the months ending October 31, 2025, November 30, 2025 and December 31, 2025 will be increased as follows:
| Month Ending | Record Date | Payment Date | Amount Per Share After 1-for-5 Reverse Stock Split | | September 30, 2025 | September 16, 2025 | September 30, 2025 | $0.45 | | October 31, 2025 | October 17, 2025 | October 31, 2025 | $0.40 | | November 30, 2025 | November 14, 2025 | November 28, 2025 | $0.40 | | December 31, 2025 | December 17, 2025 | December 31, 2025 | $0.40 | | | | | |
No fractional shares of Common Stock will be issued as a result of the reverse stock split. Instead, any shareholder who would have been entitled to receive a fractional share as a result of the reverse stock split will receive cash payments in lieu of such fractional shares. The reverse stock split affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s outstanding Common Stock, except for adjustments that may result from the treatment of fractional shares. The number of authorized shares of Common Stock under the Company’s Articles of Amendment and Restatement, as amended, will remain unchanged at 900 million shares of Common Stock. |
