Oxford Lane Capital Corp. Announces Dividend Declaration On 6.75% Series 2024 Term Preferred Stock

GREENWICH, Conn., Aug. 03, 2017 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NASDAQ:OXLC) (NASDAQ:OXLCO) (NASDAQ:OXLCM) (“OXLC” or the “Company”) announced today that on July 26, 2017, the Company’s Board of Directors declared a dividend on the Company’s 6.75% Series 2024 Term Preferred Stock as follows:

Per Share
Record Date Payment Date
6.75% Series 2024 $0.140625 August 17, 2017 August 31, 2017

About Oxford Lane Capital Corp.

Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company. It currently seeks to achieve its investment objective of maximizing total return by investing in securitization vehicles which, in turn, primarily invest in senior secured loans made to companies whose debt is unrated or is rated below investment grade.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, unless required to do so by law.

Contact: Bruce Rubin 203-983-5280

Source:Oxford Lane Capital Corp.