August 2024 NAV Update from Oxford Lane Capital Corp.
Greenwich, Connecticut — Oxford Lane Capital Corp. (NASDAQ: OXLC) has shared its estimated net asset value (NAV) for August 2024. The publicly traded company invests primarily in debt and equity tranches of collateralized loan obligations (CLOs). This update offers a snapshot of financial condition as of August 31, 2024, for investors looking to track the company’s progress month to month.
NAV Estimate and Share Details
Management provided an unaudited estimate of NAV per common share in a range of $4.76 to $4.86 as of August 31. Because this figure wasn’t prepared through the company’s standard quarter-end close, it isn’t a complete set of monthly results and may change. Once the September quarter-end closing procedures are completed, the final NAV could differ from this preliminary range.
Total Shares Outstanding
As of August 31, 2024, Oxford Lane Capital Corp. had approximately 320.4 million shares of common stock issued and outstanding. This context helps investors translate NAV movements into overall equity value and consider how changes might filter through to their own holdings.
Market Conditions and What Could Change
Portfolio valuations move with the market. Developments after August 31—whether in credit markets, interest rates, or broader economic conditions—can affect both NAV and future net investment income. Investing in the company’s securities involves risk, and conditions can shift quickly. Before making decisions, investors should review the risk disclosures in the prospectus and the most recent annual or semi-annual reports.
Key Risks to Weigh
There are meaningful risks tied to securities investments and uncertainties specific to Oxford Lane Capital Corp.’s positioning. Understanding those risks is a necessary part of evaluating any investment in the company. For a fuller discussion, consult the “Risk Factors” sections in the company’s filings.
What Oxford Lane Capital Corp. Does
Oxford Lane Capital Corp. focuses on investments tied to CLO vehicles. These include positions in the debt and equity tranches of CLOs, as well as warehouse facilities—financing structures that gather pools of loans before a CLO is issued. The company’s strategy aims to manage risk while seeking income and total return opportunities within these markets.
How This Update Was Prepared
The financial information in this release was assembled under the supervision of Oxford Lane Capital Corp.’s management. PricewaterhouseCoopers LLP has not audited or reviewed this preliminary data and therefore does not provide any assurance on it.
For additional details about this NAV update or the company’s approach, please contact:
Contact:
Bruce Rubin
203-983-5280
Frequently Asked Questions
What NAV did Oxford Lane Capital Corp. report for August?
Management estimated NAV per common share between $4.76 and $4.86 as of August 31, 2024. It’s preliminary and may change after quarter-end procedures are completed.
How many common shares are outstanding?
Approximately 320.4 million shares of common stock were issued and outstanding as of August 31, 2024.
What does the company invest in?
Oxford Lane Capital Corp. primarily invests in the debt and equity tranches of CLOs and may also invest in warehouse facilities that aggregate loans ahead of a CLO issuance.
Is the August NAV estimate audited?
No. The estimate is unaudited and wasn’t prepared through the company’s regular quarter-end closing process, so the final figure could differ.
Where can I learn more about the risks?
Review the “Risk Factors” in the company’s prospectus and in its annual or semi-annual reports filed with the Securities and Exchange Commission for detailed information.
