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Oxford Lane to redeem outstanding 7.5% series 2023 preferreds
By Taylor Fox
New York, March 16 – Oxford Lane Capital Corp. plans to redeem all of its outstanding 7.5% series 2023 term preferred stock, according to a news release.
Oxford will redeem all 2,281,395 shares on April 15 at par plus $0.07291667 in dividends, for a total redemption price of $25.07291667 per share, or $57,201,226.73 total.
April 1 is the record date for the redemption of the shares.
Oxford Lane is a Greenwich, Conn.-based closed-end management investment company.
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