Oxford Lane Capital Corp. Announces Partial Redemption of 5.00% Notes Due 2027

Rhea-AI Summary

Oxford Lane Capital (NasdaqGS: OXLC) will partially redeem $30,000,000 aggregate principal of its 5.00% Notes due 2027 (ticker OXLCZ) on August 27, 2026. Each Note will be redeemed at $25 plus accrued and unpaid interest from June 30, 2026 to, but not including, the redemption date.

The Notes are held in book-entry form through DTC and will be redeemed by lottery under DTC procedures. After the redemption date, holders of redeemed Notes will no longer earn interest and will only be entitled to receive the redemption payment upon proper presentation and surrender.

Positive

• Reduces 5.00% Notes due 2027 by $30,000,000 in principal
• Sets clear redemption terms at $25 per Note plus accrued interest

Negative

• Requires cash payment of $30,000,000 principal plus accrued interest
• Interest income ends on redeemed Notes after August 27, 2026 for affected holders

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GREENWICH, Conn., July 28, 2026 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC, OXLCL, OXLCO, OXLCZ, OXLCN, OXLCI, OXLCG and OXLCM) (the “Company,” “we,” “us” or “our”) announced today that it has called for the redemption of a portion ($30,000,000 in aggregate principal amount) of the Company’s 5.00% Notes due 2027 (the “Notes”), which are traded on the Nasdaq Global Select Market under the ticker OXLCZ. The Company will redeem $30,000,000 in aggregate principal amount of the outstanding Notes on August 27, 2026 (the “Redemption Date”). The Notes will be redeemed at a redemption price of $25 per Note, plus accrued and unpaid interest thereon from June 30, 2026 to, but not including, the Redemption Date (the “Redemption Payment”).

The Notes are held in book-entry form through The Depository Trust Company (“DTC”) and will be redeemed by lottery in accordance with the procedures of DTC. Holders of the Notes will not be entitled to receive interest on those Notes on or after the Redemption Date. Following redemption, the sole remaining right of holders of the Notes shall be to receive payment of the Redemption Payment upon presentation and surrender of such Notes to the Trustee in its capacity as paying agent.

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

What did Oxford Lane Capital (OXLC) announce about its 5.00% Notes due 2027 (OXLCZ) on July 28, 2026?

Oxford Lane Capital announced a partial redemption of $30,000,000 principal of its 5.00% Notes due 2027. According to Oxford Lane Capital, the affected Notes, traded as OXLCZ, will be redeemed at $25 per Note plus specified accrued and unpaid interest.

When is the redemption date for Oxford Lane Capital’s 5.00% Notes due 2027 (OXLCZ)?

The redemption date for the partially redeemed 5.00% Notes due 2027 is August 27, 2026. According to Oxford Lane Capital, interest on the redeemed Notes will cease to accrue on that date, and holders will then only be entitled to receive the redemption payment.

At what price will Oxford Lane Capital (OXLC) redeem the 5.00% Notes due 2027 (OXLCZ)?

The Notes will be redeemed at a price of $25 per Note plus accrued and unpaid interest. According to Oxford Lane Capital, interest will accrue from June 30, 2026 to, but not including, August 27, 2026, forming the total redemption payment to holders.

How will the partial redemption of Oxford Lane Capital’s 5.00% Notes due 2027 be executed through DTC?

The Notes are held in book-entry form through The Depository Trust Company (DTC) and will be redeemed by lottery. According to Oxford Lane Capital, DTC will apply its standard lottery procedures to determine which specific Notes are selected for redemption among outstanding holdings.

What happens to interest payments on Oxford Lane Capital’s 5.00% Notes due 2027 after the August 27, 2026 redemption?

Interest on redeemed Notes will stop accruing on August 27, 2026. According to Oxford Lane Capital, from that date holders of redeemed Notes will no longer receive interest and will only be entitled to the redemption payment upon proper presentation and surrender to the paying agent.

What rights do holders of Oxford Lane Capital’s 5.00% Notes due 2027 have after the partial redemption?

After the redemption date, holders’ sole remaining right on redeemed Notes is to receive the redemption payment. According to Oxford Lane Capital, this requires presentation and surrender of the Notes to the Trustee acting as paying agent, replacing any future interest entitlement.