Oxford Lane Capital: Why I Think This Is A Yield Trap [Seeking Alpha]
Oxford Lane Capital Corp. - Closed End Fund (OXLC)
US:NASDAQ Investor Relations:
oxfordlanecapital.com
Company Research
Source: Seeking Alpha
2 Likes Hunting Alpha 4.03K Follower s Follow Summary Oxford Lane Capital has outperformed the S&P 500 by +1.94% since my last 'Sell' view on this closed-ended fund in February 2024. But I am retaining my stance. Distributions continue to be funded by capital raises instead of operational cash flow. I don't see how this is sustainable long term. Oxford Lane Capital investments' fair value is below cost, which means the sale of investments would also lead to a loss. This does not help recoup negative operating cash flows. The company's net asset value has been falling to stagnant due to these headwinds. Still, OXLC is trading at an 8.8% premium to NAV, making buys less appealing. Relative to the S&P 500, my technicals read shows scope for OXLC to underperform, as the ratio prices are currently rejecting off a key monthly resistance level. PM Images Performance Assessment I had rated Oxford Lane Capital ( NASDAQ: OXLC ) a 'Sell' in my last update in February 202
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OXLC
News
- Oxford Lane Capital Corp. Provides February Net Asset Value UpdateGlobeNewswire
- Oxford Lane Capital prices public offering of $165 million 7.95% Notes Due 2032 [Seeking Alpha]Seeking Alpha
- Oxford Lane Capital Corp. Prices Public Offering of $165,000,000 7.95% Notes Due 2032GlobeNewswire
- Oxford Lane Capital Corp. Announces Offering of NotesGlobeNewswire
- Oxford Lane Capital Corp. Provides January Net Asset Value Update [Yahoo! Finance]Yahoo! Finance
OXLC
Sec Filings
- 3/12/25 - Form 424B3
- 2/28/25 - Form CERT
- 2/27/25 - Form 8-A12B
- OXLC's page on the SEC website