Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Shares Up 0.1% – Here’s Why

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ)’s share price rose 0.1% during trading on Monday. The company traded as high as $24.97 and last traded at $24.97. 11,529 shares changed hands during trading, an increase of 97% from the average daily volume of 5,838 shares. The stock had previously closed at $24.94.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Price Performance

The business has a fifty day simple moving average of $24.97 and a two-hundred day simple moving average of $24.82.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.25 annualized dividend and a dividend yield of 5.0%.

About Oxford Lane Capital Corp. 5.00% Notes due 2027

Oxford Lane Capital Corp. 5.00% Notes due 2027 are debt securities issued by Oxford Lane Capital Corp., a publicly traded, non-diversified closed-end management investment company. The notes represent obligations of the issuer rather than a separate operating business and trade on the Nasdaq Stock Market under the symbol OXLCZ.

Oxford Lane Capital invests primarily in collateralized loan obligation (CLO) securities, with an emphasis on equity and junior debt tranches. CLOs are investment vehicles backed mainly by portfolios of senior secured corporate loans.