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OXLCI

25.62000 USD
0.038
0.15%
Last update Jun 4, 2:29 PM EDT
Main market
Day range
25.56000
25.65000
Previous close
25.65800
Open
25.65000
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Oxford Lane Capital Corp. 8.75% Preferred Sto...
25.62
0.04
0.15%

Overview

Description

Oxford Lane Capital Corp. 8.75% Preferred Stock is a type of equity security that offers investors a fixed dividend yield. Its primary function is to provide consistent income to its holders, acting as a preferred form of capital investment within the broader scope of corporate finance. This preferred stock, specifically yielding 8.75%, signifies a relatively high return compared to standard yields in this asset class, reflecting its appeal to income-focused investors. Oxford Lane Capital Corp., known for investing primarily in senior corporate loans, CLOs, and other debt instruments, thus offers this preferred stock to enhance its capital stability and fund investment opportunities. The preferred stock holds a prioritization over common shares in dividend distributions and liquidation events, making it a strategically significant choice for investors seeking both income and a level of capital security. Its market significance lies in its balance between risk and return, contributing to diversified investment portfolios focused on stable income streams.

About

CEO
Mr. Jonathan H. Cohen
Employees
0
Address
Eight Sound Shore Drive
Suite 255
Greenwich, 06830, CT
United States
Phone
203 983 5275
Instrument type
Common stock
Sector
Industry
Country
United States
MIC code
XNGS
Main market

Exchange is currently active.
Closing in 8 minutes

15:51
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).