OXLCM Oxford Lane Capital 6.75% Series 2024 Term Preferred Stock
We will pay monthly cumulative dividends at an annual rate of 6.75% of the $25 liquidation preference per share, or $1.6875 per share per year, on the last business day of each month, commencing July 31, 2017. We are required to redeem all of the outstanding shares on June 30, 2024 at a redemption price equal to $25 per share plus an amount equal to accumulated but unpaid dividends, if any, to the date of redemption. At any time after June 30, 2020, at our sole option, we may redeem, from time to time, the New Series 2024 Term Preferred Shares in whole or in part, out of funds legally available for such redemption, at a price per share equal to the sum of the Liquidation Preference plus an amount equal to accumulated but unpaid dividends, if any, on such shares (whether or not earned or declared, but excluding interest on such dividends) to, but excluding, the date fixed for such redemption. This security was issued by Oxford Lane Capital CEF, whose common stock symbol is OXLC.
$24.44 0.00 (0.00%)
As of 03/24/2023 00:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry:
Index country: USA
Country of incorporation:
IPO date: 06/08/2017
Outstanding shares: 2,729,415
Average volume: 2,865
Market cap: $67,211,844
Current dividend yield: 6.85% calculation
Coupon rate: 6.750%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 06/30/2020
Maturity date: 06/30/2024
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: