Eagle Point, Majewski Report 16.24% Preferred Stake
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Rhea-AI Filing Summary
Eagle Point Credit Management LLC and Thomas Philip Majewski filed Amendment No. 3 to a Schedule 13G/A reporting beneficial ownership of Preferred Shares of Oxford Lane Capital Corp. The filing states EPCM holds 1,807,711 preferred shares (16.20%) and Mr. Majewski holds 1,813,211 preferred shares (16.24%), reflecting combined beneficial ownership of 1,813,211 preferred shares (approximately 16.24%). EPCM is described as the investment manager with sole voting and dispositive power over 1,807,711 shares; Mr. Majewski directly owns 5,500 shares and is disclosed as sharing voting and dispositive power over the 1,807,711 shares by virtue of his role with EPCM. The filing is jointly submitted pursuant to a Joint Filing Agreement.
Insights
Joint Schedule 13G/A shows a concentrated preferred stake of about 16.24%.
The filing documents that Eagle Point Credit Management LLC holds 1,807,711 preferred shares with sole voting and dispositive authority for accounts it manages, while Thomas Majewski directly holds 5,500 shares and shares voting/dispositive power over the managed accounts. The structure is typical where an investment manager and its portfolio manager jointly report ownership.
Implications depend on the preferred class rights and any potential coordination between the manager and the individual. Subsequent filings or disclosures about voting agreements or transactions would clarify whether this position implies active governance influence.
Key Figures
Key Terms
Schedule 13G/A regulatory
Joint Filing Agreement legal
Dispositive Power financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Eagle Point Credit Management (OXLC) report in Oxford Lane Capital?
Do Eagle Point and Majewski file jointly for OXLC ownership disclosure?
What voting and dispositive powers are disclosed in the Schedule 13G/A?
Does the filing indicate any planned transactions or changes in ownership for OXLC?
AI-generated analysis. How Rhea-AI works. Not financial advice.