GREENWICH, Connecticut, Dec. 03 Feb. 2, 2021 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (the “Company”) (NasdaqGS: OXLC, OXLCM, OXLCO, OXLCP and OXLCL) today announced the following Net Asset Value (“NAV”) estimate as of November 30, 2021.
Management’s unaudited estimate of the range of the net asset value per share of our common stock as of November 30, 2021 is between $6.84 and $6.94. This estimate is not a complete statement of our financial position or results for the month ended November 30, 2021. 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 ended December 31, 2021 may differ significantly from this estimate, which is only given as of November 30, 2021.
As of November 30, 2021, the Company had approximately 122.8 million common shares issued and outstanding.
The fair value of the Company’s portfolio investments could be materially affected after November 30, 2021 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, the Company could 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 entitled “Risk Factors” in our prospectus and the note entitled “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.