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Oxford Lane Capital Q3 Earnings Call Highlights
['Kim Johansen']
Markets Daily
Oxford Lane also reported significant valuation pressure during the period, including net unrealized depreciation on investments of approximately $305.4 million and net realized losses of approximately $7.0 million.
Activity during the quarterDuring the quarter, Oxford Lane made approximately $97.2 million of additional CLO investments and received approximately $85.5 million from sales and repayments.
Managing Director Joe Kupka said Oxford Lane invested “over $97 million” in CLO equity and warehouses during the period and described the firm’s positioning as opportunistic and unconstrained across U.S. CLO equity, debt, and warehouses.
About Oxford Lane Capital (NASDAQ:OXLC)Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation.
Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.