Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
OXLCN: Moving To Hold After The Rally (Rating Downgrade)
Oxford Lane Capital is a leading CLO equity CEF, actively managing its liability structure through preferred share redemptions and new issuances. OXLCN, the 7.125% term preferred, is now trading near par with a 7.28% current yield and 7.8% yield to maturity. We are downgrading OXLCN to 'Hold' due to its tight yield and less attractive entry point, favoring purchases only near $24/share.
Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) FAQ
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Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock Profile
| Capital Markets Industry | Financials Sector | Jonathan H. Cohen CEO | NASDAQ (NGS) Exchange | 691543870 CUSIP |
| US Country | - Employees | 16 Oct 2026 Last Dividend | - Last Split | - IPO Date |
Overview
Oxford Lane Capital Corp. is a closed-end fund that was established on June 9, 2010, and it is meticulously managed by Oxford Lane Management LLC. The company is strategically domiciled in the United States, reflecting its commitment to the American market. Specializing in fixed income securities, Oxford Lane Capital Corp. focuses on providing its investors with opportunities primarily in securitization vehicles. These vehicles, in turn, invest in senior secured loans allocated to companies whose debt is considered below investment grade or is unrated, catering to a niche segment of the investment market that seeks potentially higher yields from investments in the lower credit spectrum.
Products and Services
- Investment in Securitization Vehicles
Oxford Lane Capital Corp. invests in various securitization vehicles, which are specifically designed to allocate funds into senior secured loans. This strategy targets companies experiencing a lower credit rating, diving into a market segment that, while riskier, offers the potential for higher returns. These securitization vehicles play a pivotal role in Oxford Lane’s investment approach, facilitating a diversified exposure to loans typically inaccessible to individual investors.
- Senior Secured Loans to Below Investment Grade or Unrated Companies
The core of Oxford Lane Capital Corp.'s investment strategy lies in its commitment to senior secured loans issued by companies that are either below investment grade or unrated. This focus underscores the company’s expertise in identifying and capitalizing on the opportunities within a segment of the market often overlooked by traditional investment entities. By concentrating on senior secured loans, the fund aims to mitigate risk through secured collateral, while still pursuing the attractive yields offered by high-risk, high-return investments.
