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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