GREENWICH, CT--(Marketwire - Feb 19, 2013) - Oxford Lane Capital Corp. (the "Company") (
Estimated net proceeds after payment of dealer-manager fees are expected to be approximately $35.1 million, before expenses. The net proceeds will be used by the Company for acquiring new investments in accordance with its investment objective and strategies, and for general working capital purposes. The subscription price for the rights offering was $14.50 per share.
The Company issued to its stockholders of record as of January 18, 2013 non-transferable rights to subscribe for up to 2,522,077 shares of the Company's common stock. Record date stockholders received one right for each outstanding share of common stock owned on the record date. The rights, which entitled holders to purchase one new share of common stock for every two rights held, were not listed for trading on the NASDAQ Global Select Market or any other stock exchange.
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company. It currently seeks to achieve its investment objective of maximizing total return by investing in securitization vehicles which, in turn, primarily invest in senior secured loans made to companies whose debt is unrated or is rated below investment grade.
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions, including statements with regard to the anticipated use of the net proceeds of the Company's securities offering. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission, including the Company's prospectus supplement, dated January 7, 2013, and the accompanying base prospectus contained therein. We undertake no obligation to update such statements to reflect subsequent events.
For further information regarding the offering please contact the Information Agent:
199 Water Street, 26th Floor
New York, NY 10038
Toll-free: (866) 856-4733
Broker-dealers and nominees may call (212) 440-9800