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Stock impact report

OXLCN: Demystifying Term Preferred Shares From A CEF [Seeking Alpha]

Oxford Lane Capital Corp. (OXLC) 
US:NASDAQ Investor Relations: oxfordlanecapital.com
Company Research Source: Seeking Alpha
The security offers an attractive 7.8% Yield to Maturity and benefits from a high 3.57x asset coverage ratio, providing a substantial credit cushion well above the 2.00x regulatory minimum. OXLCN offers a significantly lower-risk, lower-volatility alternative to the common equity, demonstrating substantial price stability. Despite the preferred share label, the security meets the criteria of a 'baby bond'—it is exchange-listed, issued in small denominations, has a fixed term, and is treated as liabilities. Kenishirotie/iStock via Getty Images Thesis We are holders of the Oxford Lane Capital Corp. 7.125% PFD SR 29 ( OXLCN ) securities, which we have not covered before on the Seeking Alpha platform. In today's article we are going to analyze in-depth This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of OXLCN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own Show less Read more
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