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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Oxford Lane Capital Corp. Announces Preferred Stock Dividend

GREENWICH, CT -- (Marketwire) -- 02/08/13 -- Oxford Lane Capital Corp. ("Oxford Lane" or "Company") (NASDAQ: OXLC) announced today that the Company's Board of Directors has declared the required monthly dividend on its Series 2017 Term Preferred Shares ("preferred stock") of $0.1771 per share, payable on February 28, 2013 to shareholders of record as of February 18, 2013. This dividend covers the period from February 1, 2013 through February 28, 2013.

As previously discussed in the prospectus supplement, dated November 19, 2012, the preferred stock will pay a monthly dividend at a fixed rate of 8.50% of the $25.00 per share liquidation preference, or $2.125 per share per year. This fixed annual dividend rate is subject to adjustment under certain circumstances, but will not in any case be lower than 8.50% per year.

About Oxford Lane Capital Corp.

Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company. It currently seeks to achieve its investment objective of maximizing total return by investing in securitization vehicles which, in turn, primarily invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.

Contact:
Bruce Rubin
203-983-5280

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