Form N-23C-2 - Notice by closed-end investment companies of intent to purchase their own securities
15 June 2024 - 6:38AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT
TO RULE 23C-2
UNDER THE INVESTMENT COMPANY ACT OF 1940
File No. 811-22432
OXFORD LANE CAPITAL CORP.
(Name of Registrant)
8 Sound Shore Drive, Suite 255
Greenwich, CT 06830
(Address of Principal Executive Office)
The undersigned here notifies
the Securities and Exchange Commission (the “Commission”) that it intends to redeem securities of which it is the issuer,
as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended.
(1) |
Title of the class of securities of Oxford Lane Capital Corp. (the “Company”) to be redeemed: |
6.75% Series 2024 Term Preferred Stock
(CUSIP: 691543508; NasdaqGS: OXLCM) (the “Preferred Shares”).
(2) |
Date on which the securities are to be redeemed: |
The Preferred Shares will be redeemed
on July 1, 2024 (the “Redemption Date”), which is the term redemption date for such Preferred Shares pursuant to the Articles
Supplementary (as defined below).
(3) |
Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed: |
The Preferred Shares are to be redeemed
pursuant to Section 2.5(a) of, and Annex C to, the Company’s Articles Supplementary Establishing and Fixing the Rights and Preferences
of Term Preferred Shares, dated as of June 10, 2022 (the “Articles Supplementary”), which supplement the Company’s Articles
of Amendment and Restatement, as amended, to the Articles of Incorporation of the Company.
(4) |
The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected: |
In accordance with the Articles Supplementary,
the Company will redeem all 2,725,015 of the outstanding Preferred Shares at a price of $25.00 per Preferred Share, plus any accumulated
but unpaid dividends per Preferred Share to the Redemption Date. The dividends on the Preferred Shares to be redeemed will cease to accumulate
from and after the Redemption Date.
SIGNATURE
Pursuant to the requirements
of Rule 23c-2 under the Investment Company Act of 1940, as amended, the Company has duly caused this Notice of Intention to Redeem Securities
to be signed on its behalf by the undersigned on this 14th day of June, 2024.
|
OXFORD LANE CAPITAL CORP. |
|
|
|
|
By: |
/s/ Jonathan H. Cohen |
|
|
Name: |
Jonathan H. Cohen |
|
|
Title: |
Chief Executive Officer |
Oxford Lane Capital (NASDAQ:OXLCZ)
Historical Stock Chart
From May 2024 to Jun 2024
Oxford Lane Capital (NASDAQ:OXLCZ)
Historical Stock Chart
From Jun 2023 to Jun 2024