Oxford Lane Capital Corp. Declares Common Stock Distributions for the Months Ending July 31, August 31, and September 30, 2020

Rhea-AI Summary

Oxford Lane Capital Corp. (OXLCO) has declared monthly common stock distributions of $0.0675 per share for July, August, and September 2020. The record and payment dates for these distributions are set as follows:

• July 31, 2020: Record date on July 17, 2020
• August 31, 2020: Record date on August 17, 2020
• September 30, 2020: Record date on September 16, 2020

The company emphasizes that these distributions do not predict future distribution levels.

Positive

• Monthly distributions of $0.0675 per share provide consistent income for investors.
• Establishing a firm schedule for distributions enhances investor confidence.

Negative

• Inherent uncertainties in future results due to COVID-19 and market volatility.
• No guarantees of future performance could concern potential investors.

GREENWICH, Conn., June 29, 2020 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCO) (NasdaqGS: OXLCP) (the “Company,” “we,” “us” or “our”) announced today that its Board of Directors has declared monthly common stock distributions of $0.0675 per share for the months ending July 31, August 31, and September 30, 2020. No reliance should be placed on these distributions representing the prospect for any particular level of common stock distributions for any other periods in the future.

The following schedule applies to the distributions for common stockholders of record on the close of business of each specific record date:

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Period Ending	Record Date	Payment Date	Amount Per Share
July 31, 2020	July 17, 2020	July 31, 2020	$0.0675
August 31, 2020	August 17, 2020	August 31, 2020	$0.0675
September 30, 2020	September 16, 2020	September 30, 2020	$0.0675

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. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies, our industry and the global economy.  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

FAQ

What is the distribution amount declared by OXLCO for July, August, and September 2020?

Oxford Lane Capital Corp. declared a distribution of $0.0675 per share for July, August, and September 2020.

What are the record and payment dates for OXLCO's distributions in 2020?

The record dates are July 17, August 17, and September 16, 2020, with payment on the respective month-end dates.

Is there any assurance of future distributions from OXLCO?

No, the company states that past distributions do not guarantee future payouts.

What risks are associated with OXLCO's investment strategy?

Risks include uncertainties from COVID-19, changes in interest rates, and market volatility.