Oxford Lane Capital (NasdaqGS: OXLC / OXLCP) announced a full redemption of its 6.25% Series 2027 Term Preferred Stock (OXLCP). The Company will redeem all 724,806 shares on June 1, 2026 at a redemption price of $25.00 per share, for an aggregate redemption of approximately $18.1 million.
The shares are held in book-entry form at DTC and will be redeemed per DTC procedures; redeemed shares will be delisted and holders will not receive distributions on or after the Redemption Date.
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Positive
Redemption price set at $25.00 per share
Aggregate redemption of approximately $18.1 million
Redemption provides a defined liquidity event for holders on June 1, 2026
Negative
All 724,806 Series 2027 shares will be redeemed
OXLCP will be delisted from the Nasdaq Global Select Market on redemption
Holders will not receive distributions on or after June 1, 2026
News Market Reaction – OXLC
+0.40%
+0.40%Session close to close
In the Apr 27 session, OXLC gained 0.40%, reflecting a mild positive market reaction.
This announcement details the full redemption of the 6.25% Series 2027 Term Preferred Stock at $25 p...
Analysis
This announcement details the full redemption of the 6.25% Series 2027 Term Preferred Stock at $25 per share for 724,806 shares, totaling about $18.1 million. It follows recent preferred offerings and capital structure disclosures in the company’s 424B2 filings. Investors may watch how this redemption, alongside newer 2031 preferred issuances, influences overall leverage, dividend obligations, and future net asset value trends for the common shares.
Key Figures
Coupon rate:6.25%Shares redeemed:724,806 sharesRedemption date:June 1, 2026+5 more
8 metrics
Coupon rate6.25%Series 2027 Term Preferred Stock
Shares redeemed724,806 shares6.25% Series 2027 Term Preferred Stock
Redemption dateJune 1, 2026Full redemption of Series 2027 Term Preferred
Redemption price$25 per share6.25% Series 2027 Term Preferred Stock
Aggregate redemption value$18.1 millionApproximate total for all Series 2027 preferred shares
2031 preferred offering size$60,000,0008.25% Series 2031 Term Preferred Shares public offering (424B2, 2026-03-16)
Term Preferred outstanding$219.1 millionTotal Term Preferred Shares outstanding as of December 31, 2025
Key Terms
term preferred stock, redemption price, book-entry form
3 terms
term preferred stockfinancial
"6.25% Series 2027 Term Preferred Stock (the “Shares”)"
Preferred stock is a type of company share that sits between bonds and common shares: it usually pays a fixed dividend like interest and has priority over common stock if the company distributes cash or liquidates, but it typically carries limited or no voting rights. For investors, preferred stock can offer steadier income and greater protection in downside scenarios—similar to a reserved seat in line for payments—while often trading with less price upside than common shares.
redemption pricefinancial
"The Shares will be redeemed for a redemption price of $25 per Share"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
book-entry formtechnical
"All Shares are held in book-entry form through The Depository Trust Company"
A book-entry form is an electronic record showing ownership of securities instead of a paper certificate; think of it like a bank account ledger that notes who owns shares. It matters to investors because it makes buying, selling and transferring securities faster, safer and cheaper by reducing paperwork, loss or forgery risk, and enabling easier settlement through brokers or a central depository.
GREENWICH, Conn., April 27, 2026 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC, OXLCP, OXLCL, OXLCO, OXLCZ, OXLCN, OXLCI, OXLCG and OXLCM) (the “Company,” “we,” “us” or “our”) announced today that it has called for redemption and will redeem all of the issued and outstanding shares of the Company’s 6.25% Series 2027 Term Preferred Stock (the “Shares”), which are traded on the Nasdaq Global Select Market under the ticker OXLCP. The Company will redeem all 724,806 Shares on June 1, 2026 (the “Redemption Date”), following which the Shares will be delisted from the Nasdaq Global Select Market. The Shares will be redeemed for a redemption price of $25 per Share (the “Redemption Price”) or an aggregate redemption price of approximately $18.1 million.
All Shares are held in book-entry form through The Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC. Holders of the Shares will not be entitled to receive distributions on those Shares on or after the Redemption Date. Following redemption, the sole remaining right of holders of the Shares shall be to receive payment of the Redemption Price for the Shares.
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 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. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. 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.
FAQ
What is Oxford Lane Capital redeeming for OXLCP and when is the Redemption Date?
The Company will redeem all OXLCP shares for $25.00 per share. According to the company, the Redemption Date is June 1, 2026, when holders will receive the redemption payment.
How many Series 2027 Term Preferred Stock shares are being redeemed by OXLC?
Oxford Lane Capital is redeeming 724,806 shares of OXLCP. According to the company, those shares represent all issued and outstanding Series 2027 preferred shares.
What is the total aggregate redemption amount for OXLCP announced by Oxford Lane Capital?
The aggregate redemption is approximately $18.1 million. According to the company, this equals 724,806 shares multiplied by the $25.00 redemption price per share.
Will OXLCP continue trading on Nasdaq after the redemption?
No. According to the company, the redeemed OXLCP shares will be delisted from the Nasdaq Global Select Market following the June 1, 2026 redemption.
Will holders of OXLCP receive dividends after the June 1, 2026 redemption?
Holders will not be entitled to distributions on or after the Redemption Date. According to the company, the sole remaining right is payment of the redemption price.
