Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Shares Down 0.1% – Here’s Why

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) was down 0.1% during mid-day trading on Monday . The company traded as low as $24.77 and last traded at $24.78. Approximately 14,626 shares changed hands during mid-day trading, an increase of 128% from the average daily volume of 6,429 shares. The stock had previously closed at $24.81.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Price Performance

The business has a 50-day moving average of $24.71 and a 200-day moving average of $24.56.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%.

About Oxford Lane Capital Corp. 5.00% Notes due 2027

The Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ: OXLCZ) are senior unsecured debt securities issued by Oxford Lane Capital Corp., a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. These fixed-rate notes carry a 5.00% annual coupon, payable semi-annually, and mature in 2027. They trade on the Nasdaq Capital Market under the ticker symbol OXLCZ, providing investors with an opportunity to gain exposure to the yield generated by Oxford Lane Capital’s diversified investment portfolio.

Oxford Lane Capital Corp.