Quantcast

Financial Sector Update for 06/07/2017: OXLC


Shutterstock photo

Top Financial Shares:

JPM: +0.4%

BAC: +0.7%

WFC: +0.1%

C: +0.4%

USB: +0.3%

Financial shares were mainly higher in early trade on Wednesday.

In financial stocks news, Oxford Lane Capital ( OXLC ), a closed-end management investment company, said Wednesday it has priced an underwritten public offering of 2.5 million shares of its newly designated 6.75% series 2024 term preferred shares at $25 each, raising $62.5 million in gross proceeds.

Shares in the company were 0.1% higher at $10.95 in early trade. The stock has traded between $7.53 and $11.80 over the past 52 weeks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Banking and loans , ETFs
Referenced Symbols: OXLC



More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?