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Oxford Lane Capital plans term preferred shares
By James McCandless
San Antonio, Feb. 4 – Oxford Lane Capital Corp. plans to price an offering of series 2027 term preferred shares, according to a press release.
Ladenburg Thalmann & Co. Inc. and BB&T Capital Markets are the joint bookrunners.
The lead managers are Incapital LLC, National Securities Corp., Wedbush Securities Inc. and William Blair & Co. LLC.
The company plans to use the proceeds for acquiring investments in accordance with the company’s investment objective and strategies, for general working capital purposes and/or to redeem a portion of its outstanding 7.5% series 2023 term preferred shares.
Oxford Lane is a Greenwich, Conn.-based closed-end management investment company.
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