Every material Form 8-K Oxford Lane Capital Corp. has filed with the SEC since March 16, 2021, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Oxford Lane Capital Corp. disclosed in a Form 8-K that Royce Family Investments, LLC purchased 250,000 shares of the company's common stock on May 29, 2024. Charles M. Royce, managing member of that entity, is a non-managing member of the company's investment adviser, and he may be deemed to beneficially own 1,139,785 shares. The filing is a disclosure of insider-linked share ownership rather than a change in company operations or finances.
Royce Family Investments, LLC bought 250,000 shares on May 29, 2024.
Charles M. Royce may be deemed to beneficially own 1,139,785 shares, including 490,735 held by Royce Family Investments and 641,252 held by Royce Family Fund, Inc.
Mr. Royce disclaims beneficial ownership of shares held directly by Royce Family Fund, Inc.
The filing was signed by CFO Bruce L. Rubin on July 31, 2024.
Oxford Lane Capital Corp. filed a consent from its independent auditor, PricewaterhouseCoopers LLP, allowing its audit report to be incorporated into a Form N-2 registration statement. The audit report, dated May 12, 2021, covers financial statements in the company's annual report on Form N-CSR for the year ended March 31, 2021. The filing is administrative and does not report new financial results.
Consent from PricewaterhouseCoopers LLP filed as Exhibit 23.1
Relates to Registration Statement on Form N-2 (File No. 333-236574)
Audit report dated May 12, 2021 covers the year ended March 31, 2021
Annual report on Form N-CSR filed with the SEC on May 12, 2021
Oxford Lane Capital Corp. issued $87.0 million of 6.75% Notes due 2031, with the deal closing on March 16, 2021. The company says it expects to use part of the proceeds to redeem all of its Series 2023 Term Preferred Shares, about $57.0 million outstanding as of December 31, 2020, on April 15, 2021. The shift replaces preferred stock with fixed-rate debt, which is a change in the company's capital structure that shareholders may want to note.
Notes: $87.0 million principal, 6.75% annual interest, maturing March 31, 2031, listed on NASDAQ as OXLCL from March 18, 2021
Underwriters have an option to buy up to an additional $13,000,000 of Notes within 30 days of March 9, 2021
All 2,281,395 Series 2023 Preferred Shares to be redeemed April 15, 2021 at $25.07291667 per share, including accrued dividends
Notes cannot be redeemed before March 16, 2024, except at the company's option under the 1940 Act
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Oxford Lane Capital Corp. filing is on SEC EDGAR ↗. 8-K briefs of other companies →