GREENWICH, Conn., December 6, 2022 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ ) ) (NasdaqGS: OXLCN) (the “Company”) today announced the following net asset value (“NAV”) estimates as of November 30, 2022:
- Management’s unaudited estimate of the range of NAV per share of our common stock as of November 30, 2022 is between $4.79 and $4.89. This estimate is not a comprehensive statement of our financial position or results for the month ended November 30, 2022. Please be advised that NAV per share for the quarter ending December 31, 2022 may differ materially from this estimate, which is provided only as of November 30, 2022.
- As of November 30, 2022, the Company had approximately 163.5 million shares of common stock outstanding.
The fair values of our portfolio investments may be materially affected after November 30, 2022 by as-yet-unknown circumstances or events. To the extent our portfolio investments are subject to U.S. or global market fluctuations, we may materially impact our future net investment income, the fair value of our portfolio investments, our financial condition and the financial condition of our portfolios. . investment. Investing in our securities involves a number of significant risks. Additional risks applicable to investments in our securities can be found in the section entitled “Risk Factors” in our prospectus and “Risks and Uncertainties” in our most recent annual or semi-annual report. See the note entitled Applicable.
The preliminary financial data contained in this press release has been prepared and is the responsibility of Oxford Lane Capital Corp.’s management. PricewaterhouseCoopers LLP has not audited, reviewed, compiled, or applied any agreed-upon procedures with respect to the provisional financial data. Accordingly, PricewaterhouseCoopers LLP does not express any opinion or other form of endorsement with respect thereto.
About Oxford Lane Capital
Oxford Lane Capital Corporation is a publicly traded, registered closed-end investment firm that invests primarily in fixed income and equity tranches of CLO vehicles. CLO investments may also include warehousing facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.
This press release contains forward-looking statements that involve inherent uncertainties in predicting future results or circumstances. Statements that are not statements of historical fact (including statements containing the words “believe,” “plan,” “expect,” “anticipate,” “estimate,” etc.) should also be considered forward-looking statements. is needed. These statements are not guarantees of future performance, conditions or results and do not represent the impact of COVID-19 and related changes in benchmark interest rates or the material It involves many risks and uncertainties, including market fluctuations. world economy. Certain factors could cause actual results or circumstances to differ materially from those projected in these forward-looking statements. These factors are described from time to time in filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as required by law.