Core Points - Oxford Lane Capital Corp. announced a 1-for-5 reverse stock split effective September 5, 2025, with trading on a split-adjusted basis starting September 8, 2025 [1] - The reverse stock split will consolidate every five shares of common stock into one share, maintaining the par value at $0.01 per share [1] - The new CUSIP number for the common stock post-split will be 691543 847 [1] Monthly Distributions - Following the reverse stock split, monthly distributions will be adjusted as follows: - September 30, 2025: $0.45 per share [2] - October 31, 2025: $0.40 per share [2] - November 30, 2025: $0.40 per share [2] - December 31, 2025: $0.40 per share [2] - No fractional shares will be issued; shareholders entitled to fractional shares will receive cash payments instead [2] Shareholder Actions - Shareholders holding common stock in book-entry form or through a nominee do not need to take any action regarding the reverse stock split [3] - Shareholders of record will receive information from the transfer agent about their post-split ownership [3] - Stockholders with certificate shares will receive instructions on how to exchange their certificates for a statement of holding [3] Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company focused on investing in debt and equity tranches of collateralized loan obligation (CLO) vehicles [4]
Oxford Lane Capital Corp. Announces Further Detail on its Previously Announced 1-for-5 Reverse Stock Split
Globenewswire·2025-09-02 12:00