OXLCM
Closed
Oxford Lane Capital Corp Pref
24.98
0.00 (0.00%)
Last Update: 05 Jul 2024 16:30:00
Yesterday: 24.98
Day's Range: 24.98 - 24.98
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When Written:
24.7654
Oxford Lane Capital Corp (OXLC) is a closed-end management investment company that invests primarily in collateralized loan obligation (CLO) securities. The company's preferred stock is a type of security that pays a fixed dividend rate and has priority over common stock in receiving dividends and liquidation proceeds.
OXLC's preferred stock has a par value of $25 per share and trades on the NASDAQ exchange under the ticker symbol OXLCP. As of August 2021, the preferred stock has a coupon rate of 7.5% and a call date of December 31, 2025.
Investors who own OXLC's preferred stock receive regular quarterly dividends, which are paid out of the company's net investment income. The preferred stock also has a liquidation preference, meaning that in the event of a liquidation or bankruptcy, holders of the preferred shares have priority over common stockholders in receiving proceeds.
It's important to note that investing in OXLC's preferred stock carries risks, including interest rate risk, credit risk, and liquidity risk. Investors should carefully consider these risks before investing in the company's preferred stock.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
OXLC's preferred stock has a par value of $25 per share and trades on the NASDAQ exchange under the ticker symbol OXLCP. As of August 2021, the preferred stock has a coupon rate of 7.5% and a call date of December 31, 2025.
Investors who own OXLC's preferred stock receive regular quarterly dividends, which are paid out of the company's net investment income. The preferred stock also has a liquidation preference, meaning that in the event of a liquidation or bankruptcy, holders of the preferred shares have priority over common stockholders in receiving proceeds.
It's important to note that investing in OXLC's preferred stock carries risks, including interest rate risk, credit risk, and liquidity risk. Investors should carefully consider these risks before investing in the company's preferred stock.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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