Markets

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

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.

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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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