Oxford Lane Capital (MM) (OXLCR) Quote

Oxford Lane Capital Corp. Announces Transferable Rights Offering
8:01a ET August 3, 2011 (Market Wire)

Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) announced today the commencement of a transferable rights offering to purchase shares of common stock of the Company (the "Offering").

The Company will issue transferable rights to subscribe for up to 620,819 shares of the Company's common stock to its stockholders of record ("Record Date Stockholders") on August 3, 2011 (the "Record Date"). Record Date Stockholders will receive one right for each outstanding share of common stock owned on the Record Date. The rights entitle the holders to purchase one new share of common stock for every three rights held. The subscription price for the common shares offered in the Offering will be $15.00 per share. The rights will expire on August 26, 2011 at 5:00 p.m., New York City time, unless the Offering is extended. The rights will be listed for trading on the Nasdaq Global Select Market under the symbol "OXLCR," and will be eligible for trading from August 3, 2011 through August 23, 2011. Record Date Stockholders who fully exercise all rights issued to them are entitled to subscribe for additional shares of the Company's common stock which were not subscribed for by other stockholders. Any non-record date rights holder who exercises rights is entitled to subscribe for the remaining shares that are not subscribed for by Record Date Stockholders.


Important Dates:
Rights Eligible for Trading:
August 3, 2011

Record Date:
August 3, 2011

Subscription Period:
from August 3, 2011 to August 26, 2011(1)

Last Day Rights may Be Traded:
August 23, 2011(1)

Expiration Date:
August 26, 2011(1)
(1) Unless the Offering is extended.


The Company intends to use the net proceeds from this offering for the origination of new investments in accordance with its investment objective, working capital and general corporate purposes.

Ladenburg Thalmann & Co. Inc. has been selected by the Company to act as Dealer Manager for the Offering.

Investors should carefully consider the investment objective, risks, and charges and expenses of the Company. This information can be found in the Company's prospectus, a copy of which may be obtained, when available, by contacting the Information Agent, Georgeson Inc. at (888) 643-8150. An investor should carefully read the Company's prospectus before investing. Investors should also carefully consider the risks and other factors relating to this offering set forth in the Company's prospectus, including the dilutive effect the offering will have on both the Company's net asset value per share and the dividends per share the Company will be able to distribute subsequent to completion of this offering.

A registration statement with respect to the rights and the shares of common stock to be issued upon exercise of the rights has been filed with the Securities and Exchange Commission.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. The offering may be made only by means of a prospectus, copies of which may be obtained when available from Ladenburg Thalmann & Co. Inc., Attn: Syndicate Department, 58 South Service Road, Suite 160, Melville, NY 11747, (telephone number 631-270-1600).

About Oxford Lane Capital Corp.

Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company. It seeks to achieve its investment objective by investing primarily in senior secured loans made to companies whose debt is unrated or is rated below investment grade, with an emphasis on current income. Those investments may take a variety of forms, including the direct purchases of senior loans (either in the primary or secondary markets) or through investments in entities that in turn own a pool of senior loans.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions, including statements with regard to the anticipated use of the net proceeds of the Company's securities offering. Any 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 to be forward-looking statements. 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, including the prospectus dated August 2, 2011. We undertake no obligation to update such statements to reflect subsequent events.

For further information regarding the offering please contact the Information Agent: Georgeson Inc. 199 Water Street New York, NY 10038 Toll-free: (888) 643-8150 Broker-dealers and nominees may call (212) 440-9800


Contact:
Patrick Conroy
203-983-5282





SOURCE: Oxford Lane Capital Corp.

Oxford Lane Capital Corp. Announces Second Fiscal Quarter Dividend of $0.50 per Share
5:00p ET August 5, 2011 (Market Wire)

Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) announced today that the Company's Board of Directors has declared a dividend of $0.50 per share with respect to the Company's fiscal quarter ending September 30, 2011. Based on current operating projections, the Company does not currently expect that any significant portion of the second fiscal quarter dividend should represent a return of capital for U.S. tax law purposes.

The dividend will be payable to shareholders of record as of September 16, 2011 and will be payable on September 30, 2011.

The Company also announced that its net asset value per share as of June 30, 2011 was $17.45.

About Oxford Lane Capital Corp.

Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company. It seeks to achieve its investment objective of maximizing total return by investing primarily in senior secured loans made to companies whose debt is unrated or is rated below investment grade, with an emphasis on current income. Those investments may take a variety of forms, including the direct purchases of such loans (either in the primary or secondary markets) or through investments in entities that in turn own a pool of such loans.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions, including statements with regard to the anticipated use of the net proceeds of the Company's securities offering. Any 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 to be forward-looking statements. 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 such statements to reflect subsequent events.


Contact:
Bruce Rubin
203-983-5280





SOURCE: Oxford Lane Capital Corp.

I`m also interested knowing more about this huge drop in pps, can`t find anything that would explain the tankage.

On watch for now.

I have shaken head and move away for now. I have so much action going on, I can't continue the DD at this time. Something else is catching my attention.

why is this down so much?

I shall continue the DD.

Our unaudited net asset value per share as of June 30, 2011 was $17.45, as disclosed in our Form N-Q filed
with the Securities and Exchange Commission on August 5, 2011. As of June 30, 2011, our total net assets were
$32,496,079. After giving effect to the sale of 620,819 shares of our common stock in this offering, assuming all
rights are exercised at the subscription price of $15.00 per share, and our receipt of the net proceeds from
that sale, our pro forma net asset value would be $41,035,873 or $16.53 per share, representing an immediate
dilution of $0.92 per share to our existing stockholders.

Senior Management
Jonathan H. Cohen

Chief Executive Officer
Patrick F. Conroy

Chief Financial Officer
Saul B. Rosenthal

President
Bruce L. Rubin

Oxford Lane Capital Corp. is a closed end fund primarily engaged in investing in corporate debt instruments. Our investment activities are managed by Oxford Lane Capital Corp. Management, LLC, an investment adviser that is registered under the Investment Advisers Act of 1940.