Oxford Lane Capital Corp. (OXLCN) To Go Ex-Dividend on June 16th

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 16th will be paid a dividend of 0.1484 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Tuesday, June 16th.

Oxford Lane Capital Stock Up 0.1%

Shares of OXLCN stock opened at $24.95 on Friday. The company has a 50-day moving average of $24.68 and a two-hundred day moving average of $24.51. Oxford Lane Capital has a 1-year low of $23.84 and a 1-year high of $25.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for about 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest holding.

About Oxford Lane Capital

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.