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Oxford Lane Capital Reports Improved Net Investment Income for Q4 Vs. Year Ago; Net Asset Value Declines Year Over Year


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Oxford Lane Capital ( OXLC ) fell in Thursday's afternoon trade after reporting that for Q4, net investment income improved from the prior-year period, even as its net asset value per share declined year over year.

Shares are down 8% at $8.79, with a 52-week range of $5.70 - $16.07.

The non-diversified, closed-end management investment company said that for the quarter ended March 31, its net investment income was $6.6 million, or $0.36 per share, compared with the prior-year period's $6.6 million or $0.41 per share. Core net investment income was $13.0 million, or $0.71 per share.

Net asset value per share as of March 31, was $7.04, compared with $14.08 per share in the same quarter the prior year.

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

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This article appears in: Investing , ETFs
Referenced Symbols: OXLC


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