Oxford Lane Capital Implements 1-for-5 Reverse Stock Split and Announces New Distribution Schedule

Oxford Lane Capital Corp. has completed a significant corporate action, implementing a 1-for-5 reverse stock split of its common stock. The shares of the closed-end fund began trading on a split-adjusted basis this Monday, prompting investor questions about the practical implications for their holdings and the company’s dividend distributions.

In conjunction with the reverse split, the fund’s management has announced a recalibrated schedule for its monthly cash distributions. The updated payment details are as follows:

• A distribution of $0.45 per share is scheduled for September 2025, with a record date of September 16.
• For October 2025, a payment of $0.40 per share will be made to shareholders of record on... Read more...