Oxford Lane Capital Corp. Announces Full Redemption of 6.25% Series 2027 Term Preferred Stock

Oxford Lane Capital (NasdaqGS: OXLC / OXLCP) announced a full redemption of its 6.25% Series 2027 Term Preferred Stock (OXLCP).

Rhea-AI Summary

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.

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

Argus Apr 27 session

+0.40% close to close Open Argus

Details

News Market Reaction – OXLC

On Apr 27, the day this news came out, OXLC closed 0.40% above the previous close.

Data tracked by StockTitan Argus for the Apr 27 session.

Key Figures

Coupon rate: 6.25% Shares redeemed: 724,806 shares Redemption date: June 1, 2026 +5 more

Coupon rate

6.25%

Series 2027 Term Preferred Stock

Shares redeemed

724,806 shares

6.25% Series 2027 Term Preferred Stock

Redemption date

June 1, 2026

Full redemption of Series 2027 Term Preferred

Redemption price

$25 per share

6.25% Series 2027 Term Preferred Stock

Aggregate redemption value

$18.1 million

Approximate total for all Series 2027 preferred shares

2031 preferred offering size

$60,000,000

8.25% Series 2031 Term Preferred Shares public offering (424B2, 2026-03-16)

2031 preferred dividends

8.25% annually

Fixed rate on $25 liquidation preference, payable monthly

Term Preferred outstanding

$219.1 million

Total Term Preferred Shares outstanding as of December 31, 2025

Key Terms

term preferred stock, redemption price, book-entry form

3 terms

term preferred stock financial

"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 price financial

"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 form technical

"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.

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.