GREENWICH, Connecticut, August 05, 2021 (GLOBE NEWSWIRE) – Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) today announced the following net asset value (“NAV”) estimate as of July 31, 2021.
Management’s unaudited estimate of the range of the net asset value per share of our common shares as of July 31, 2021 is between $ 6.68 and $ 6.78. This estimate is not a complete statement of our financial position or results for the month ended July 31, 2021. This estimate has not been subject to the Company’s customary quarter-end financial close procedures and has not has not been approved by the Board of Directors of the Company. We inform you that our NAV per share for the quarter ending September 30, 2021 may differ significantly from this estimate, which is only given on July 31, 2021.
As of July 31, 2021, the Company had approximately 111.8 million common shares issued and outstanding.
The fair value of the investments in the Company’s portfolio may be significantly affected after July 31, 2021 by circumstances and events which are not yet known. To the extent that the Company’s portfolio investments are affected by the effects of the COVID-19 pandemic, or by other factors, the Company may experience a material impact on its future net investment income, the fair value of its portfolio investments, its financial position and the financial position 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 see the section titled “Risk Factors” in our prospectus and the note titled “Risks and Uncertainties” in our most recent annual or semi-annual report. , as in force.
The preliminary financial data included in this press release has been prepared by and is the responsibility of the management of Oxford Lane Capital Corp. PricewaterhouseCoopers LLP has not audited, reviewed, compiled or applied agreed procedures relating to preliminary financial data. Therefore, PricewaterhouseCoopers LLP expresses no opinion or any other form of assurance in this regard.
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. is a publicly traded fixed-capital management investment company that invests primarily in debt and equity tranches of CLO vehicles. CLO investments can also include warehouses, which are financing structures intended to aggregate loans that can be used to form the basis of a CLO vehicle.
This press release contains forward-looking statements subject to the uncertainties inherent in predicting future results and conditions. All statements that are not statements of historical fact (including statements containing the words “belief”, “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, including the impact of COVID-19 and related changes in base interest rates and the significant market volatility in our business, our CLO investments, our industry and the global economy. 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 assume no obligation to update these statements to reflect subsequent events, except as required by law.