Oxford Lane Capital Redeems 6.25% Series 2027 Preferred Stock for $18.1M
Oxford Lane Capital will redeem all 724,806 outstanding 6.25% Series 2027 Term Preferred Stock shares on June 1, 2026 at $25 per share, totaling approximately $18.1 million. Following redemption, the shares will be delisted and holders will only be entitled to the redemption payment, ceasing any further distributions.
1. Redemption Announcement
Oxford Lane Capital Corp has called for redemption of all issued and outstanding 6.25% Series 2027 Term Preferred Stock, setting June 1, 2026 as the redemption date. The move will remove 724,806 shares from the Nasdaq Global Select Market.
2. Terms and Cash Outlay
Each of the 724,806 outstanding shares will be redeemed at $25 per share, resulting in an approximate cash outlay of $18.1 million. All shares are held in book-entry form through DTC and will be redeemed under DTC procedures.
3. Post-Redemption Structure
After redemption, holders will cease to receive any distributions and will only be entitled to the redemption payment. The Series 2027 shares will be delisted and no further rights remain beyond the cash settlement.