GREENWICH, Conn., Aug. 04, 2022 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (the “Company”) today announced the following estimate net asset value (“NAV”) as of July 31, 2022.
Management’s unaudited estimate of the range of the net asset value per share of our common stock as of July 31, 2022 is between $5.36 and $5.46. This estimate is not a complete statement of our financial condition or results for the month ended July 31, 2022. This estimate has not been subject to the Company’s typical quarter-end financial closing procedures and does not has not been approved by the Company’s Board of Directors. We inform you that our net asset value per share for the quarter ending September 30, 2022 may differ significantly from this estimate, which is only given as of July 31, 2022.
As of July 31, 2022, the Company had approximately 151.6 million common shares issued and outstanding.
The fair value of the Company’s portfolio investments could be materially affected after July 31, 2022 by circumstances and events that 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, including the Russia-Ukraine conflict and related sanctions against Russia in response to the conflict, the Company could suffer 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 headed “Risk Factors” in our prospectus and the note headed “Risks and Uncertainties” in our most recent annual report or semi-annual report, as in vigor.
The preliminary financial data included in this press release has been prepared by the management of Oxford Lane Capital Corp. and are his responsibility. PricewaterhouseCoopers LLP has not audited, reviewed, compiled or applied agreed procedures with respect to preliminary financial data. Accordingly, PricewaterhouseCoopers LLP expresses no opinion or other form of assurance in this regard.
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. is a publicly traded closed-end 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 pool 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 “believes”, “plans”, “anticipates”, “expects”, “estimates” and similar expressions) should also be considered as 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 on 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 undertake no obligation to update these statements to reflect subsequent events, except as required by law.