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Oxford Lane Capital Corp. Announces the Declaration of Distributions on a Monthly Basis

GREENWICH, Conn., Dec. 20, 2017 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (“Oxford Lane” or "Company") (NASDAQ:OXLC) (NASDAQ:OXLCO) (NASDAQ:OXLCM) announced that it will begin to pay common distributions on a monthly basis. The Company's Board of Directors has declared distributions of $0.135 per share of its outstanding common stock payable for each of the next three months according to the table below:

Record Date Payable Date Amount per common share
January 23, 2018 January 31, 2018 $0.135
February 20, 2018 February 28, 2018 $0.135
March 22, 2018 March 30, 2018 $0.135

About Oxford Lane Capital Corp.

Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

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, except as may be required by law.

Contact:
Bruce Rubin
203-983-5280

Source: Oxford Lane Capital Corp.

Source:Oxford Lane Capital Corp.