Oxford Lane Capital Adopts $50 Mil. Preferred Stock Repurchase Program; Share Edge Lower in Pre Market

Shutterstock photo

Oxford Lane Capital ( OXLC ) has authorized the repurchasing of up to $25 million worth of the outstanding shares of the Company's 7.50% Series 2023 Term Preferred Stock, and up to $25 million worth of the company's 8.125% Series 2024 Term Preferred Stock.

The $28.6 million preferred stock repurchase program that was previously announced in December has been terminated.

In Monday's pre-market activity, shares of Oxford Lane Capital edged 0.38% lower to $7.77, trading within a 52-week range of $5.70 - $16.07.

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 , ETFs
Referenced Symbols: OXLC

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?