Oxford Lane Capital Corp. estimates a NAV per share of $4.17 to $4.27 as of May 31, 2025.
Quiver AI Summary
Oxford Lane Capital Corp. announced an estimated net asset value (NAV) per share of its common stock for May 31, 2025, ranging between $4.17 and $4.27. This estimate is unaudited, does not represent the company's full financial condition, and has not been approved by the board of directors. The company has about 481.6 million shares outstanding, and they caution that the actual NAV for the quarter ending June 30, 2025, may vary significantly due to unknown future impacts on portfolio investments. The release also highlights the investment risks associated with their securities, advising a review of relevant risk factors in their recent reports. The preliminary financial data has not been audited by PricewaterhouseCoopers LLP, which expresses no assurance regarding the information provided.
Potential Positives
- Management's unaudited NAV estimate per share of $4.17 to $4.27 indicates potential stability in asset value as of May 31, 2025.
- The company has approximately 481.6 million shares of common stock outstanding, demonstrating significant market presence and liquidity.
- The focus on CLO investments could position the company for opportunities in the structured finance market.
Potential Negatives
- The net asset value (NAV) estimate provided is only a preliminary figure and is not approved by the company's board of directors, indicating a lack of assurance regarding the financial position.
- The estimate warns that future NAV figures may differ materially, suggesting potential volatility and uncertainty in the company's financial health.
- The financial data has not been audited by PricewaterhouseCoopers LLP, which raises concerns about the reliability and credibility of the information disclosed.
FAQ
What is the estimated NAV per share for Oxford Lane Capital as of May 31, 2025?
The estimated NAV per share ranges between $4.17 and $4.27 as of May 31, 2025.
How many shares of common stock does Oxford Lane Capital have outstanding?
As of May 31, 2025, Oxford Lane Capital had approximately 481.6 million shares of common stock issued and outstanding.
Are the NAV estimates audited by PricewaterhouseCoopers LLP?
No, the NAV estimates have not been audited or reviewed by PricewaterhouseCoopers LLP.
What risks should investors be aware of regarding Oxford Lane Capital?
Investors should refer to the "Risk Factors" in the prospectus and "Principal Risks" in the latest annual or semi-annual report.
What types of investments does Oxford Lane Capital primarily focus on?
Oxford Lane Capital principally invests in debt and equity tranches of CLO vehicles, including warehouse facilities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
GREENWICH, Conn., June 10, 2025 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (NasdaqGS: OXLCG) (the “Company”) today announced the following net asset value (“NAV”) estimate as of May 31, 2025.
- Management’s unaudited estimate of the range of the NAV per share of our common stock as of May 31, 2025, is between $4.17 and $4.27. This estimate is not a comprehensive statement of our financial condition or results for the month ended May 31, 2025. This estimate did not undergo the Company’s typical quarter-end financial closing procedures and was not approved by the Company’s board of directors. We advise you that our NAV per share for the quarter ending June 30, 2025 may differ materially from this estimate, which is given only as of May 31, 2025.
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As of May 31, 2025, the Company had approximately 481.6 million shares of common stock issued and outstanding.
The fair value of the Company’s portfolio investments may be materially impacted after May 31, 2025 by circumstances and events that are not yet known. To the extent the Company’s portfolio investments are impacted by market volatility in the U.S. or worldwide, the Company may experience a material impact on its future net investment income, the fair value of its portfolio investments, its financial condition and the financial condition of its portfolio investments. Investing in our securities involves a number of significant risks. For a discussion of the additional risks applicable to an investment in our securities, please refer to the section titled “Risk Factors” in our prospectus and the section titled “Principal Risks” in our most recent annual report or semi-annual report, as applicable.
The preliminary financial data included in this press release has been prepared by, and is the responsibility of, Oxford Lane Capital Corp.'s management. PricewaterhouseCoopers LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto.
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of CLO vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.
Forward-Looking Statements
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. 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. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. 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. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law.
Contact:
Bruce Rubin
203-983-5280
