Oxford Lane Capital Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals

Greenwich, conn., april 17, 2024 (globe newswire) -- oxford lane capital corp. (nasdaqgs: oxlc) (nasdaqgs: oxlcm) (nasdaqgs: oxlcp) (nasdaqgs: oxlcl) (nasdaqgs: oxlco) (nasdaqgs: oxlcz) (nasdaqgs: oxlcn) (the “company,” “we,” “us” or “our”) today announced preliminary estimates and financial highlights as of and for the three months ended march 31, 2024, which are estimated as of april 17, 2024.

Greenwich, conn., feb. 08, 2024 (globe newswire) -- oxford lane capital corp. (nasdaqgs: oxlc) (nasdaqgs: oxlcm) (nasdaqgs: oxlcp) (nasdaqgs: oxlcl) (nasdaqgs: oxlco) (nasdaqgs: oxlcz) (nasdaqgs: oxlcn) (the “company”) today announced the following net asset value (“nav”) estimate as of january 31, 2024.

Greenwich, conn., jan. 19, 2024 (globe newswire) -- oxford lane capital corp. (nasdaq: oxlc) (nasdaqgs: oxlcm) (nasdaqgs: oxlcp) (nasdaqgs: oxlcl) (nasdaqgs: oxlco) (nasdaqgs: oxlcz) (nasdaqgs: oxlcn) announced today that it will hold a conference call to discuss its third fiscal quarter earnings on friday, january 26, 2024 at 9:00 am et. the toll free dial-in number is 1-833-470-1428, access code number 874572. there will be a recorded replay of the call available for 30 days after the call. if you are interested in hearing the recording, please dial 1-866-813-9403. the replay pass-code number is 867573.

Greenwich, conn., july 24, 2023 (globe newswire) -- oxford lane capital corp. (nasdaq: oxlc) (nasdaqgs: oxlcm) (nasdaqgs: oxlcp) (nasdaqgs: oxlcl) (nasdaqgs: oxlco) (nasdaqgs: oxlcz) (nasdaqgs: oxlcn) announced today that it will hold a conference call to discuss its first fiscal quarter earnings on monday, july 31, 2023 at 9:00 am et. the toll free dial-in number is 1-833-470-1428, access code number 775803. there will be a recorded replay of the call available for 30 days after the call. if you are interested in hearing the recording, please dial 1-866-813-9403. the replay pass-code number is 159749.

Greenwich, conn., oct. 25, 2022 (globe newswire) -- oxford lane capital corp. (nasdaq: oxlc) (nasdaqgs: oxlcm) (nasdaqgs: oxlcp) (nasdaqgs: oxlcl) (nasdaqgs: oxlco) (nasdaqgs: oxlcz) (nasdaqgs: oxlcn) announced today that it will hold a conference call to discuss its second fiscal quarter earnings on tuesday, november 1, 2022 at 9:00 am et. the toll free dial-in number is 1-844-200-6205, access code number 685933. there will be a recorded replay of the call available for 30 days after the call. if you are interested in hearing the recording, please dial 1-866-813-9403. the replay pass-code number is 551696.

Fixed-income portfolios with primarily shorter term bonds and term preferred stocks have reinvestment risk. Reinvestment risk is the risk that when your bonds mature that interest rates will be lower so you must reinvest that money at lower yields. This lowers your income. In my opinion the best fixed-income securities for safety and yield are term preferred stocks issued by closed end funds (CEFs) that invest in CLOs.

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For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

Preferreds were slightly lower this week and over February, with caution required for stocks trading above "par". The fixed-income version of the "beta anomaly" shows that the yield differential between bonds and preferreds may be too low. We highlight recent issuances from HOV and MITT.

Oxford Lane Capital and Eagle Point Credit have been able to sustain positive total returns despite price declines due to their high distributions. OXLC and ECC focus on providing high levels of sustainable income through investing in the equity debt level tranche of collateralized loan obligations. However, the equity level tranche is the riskiest of the totem pole structure.

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

The Fed is expected to cut rates at some point in 2024, we will see investors develop FOMO to lock in high yields from quality fixed income. 2024 is set to be the year of income, and high-quality bonds are well-positioned to offer significant total returns. We discuss two investment-grade baby bonds with up to 7% yields.

With an 18.86% forward dividend yield, Oxford Lane Capital may attract the interest of many income-focused investors. However, on a total shareholder return basis, I think it's poised to underperform: The company has been generating negative operating cash flows far in excess of its available cash and equivalent balances. This has forced it to raise funds, leading to a dilution of stakeholders. CLO warehouse investments are a leading indicator of future CLO issuances and investment activity. This has fallen sharply in recent quarters.

Work smarter, not harder, the adage tells us. One way to do that is with passive income, which is derived from ownership rather than labor or active involvement in an enterprise.