Oxford Lane Capital Executes 1-for-5 Reverse Stock Split

Oxford Lane Capital Corp. (NASDAQ: OXLC) has completed a significant corporate action with the implementation of a 1-for-5 reverse stock split. The closed-end investment fund formally executed the consolidation on September 8, following its effective date of September 5.

This corporate restructuring combined every five existing shares into a single new share. The par value per share remains unchanged. Trading on the Nasdaq recommenced on a split-adjusted basis on September 8. The company’s shares continue to trade under the familiar “OXLC” ticker symbol but were assigned a new CUSIP identification number.

Concurrent with the share consolidation, the company announced a proportional increase to its per-share dividend distributions to maintain equivalent economic value for shareholders. The adjusted monthly dividends are scheduled... Read more...