Oxford Lane Capital

What Oxford Lane Capital does

Oxford Lane Capital Corp. is a publicly traded closed-end management investment company, regulated as a business development company (BDC) and domiciled in Maryland, with operating headquarters in Greenwich, Connecticut. Founded in 2010 and listed on NASDAQ under the ticker OXLC (with additional listings OXLCN and OXLCL), the company invests primarily in the equity and debt tranches of collateralized loan obligation (CLO) vehicles, capturing residual returns from CLO equity after debt holders are paid and selectively holding mezzanine and junior CLO debt positions. Its product set spans CLO equity, CLO debt securities, multiple series of unsecured notes (5.00% notes due 2027, 8.75% notes due 2030, 7.95% notes due 2032, and 6.75% notes due 2031), and Series 2031 Term Preferred Shares distributed via an underwriter syndicate that includes Lucid Capital Markets, Piper Sandler, Clear Street, InspereX, and William Blair. As of May 31, 2026, the company reported an unaudited NAV per share of $11.40-$11.70 and 98.0 million shares outstanding, alongside a quarterly dividend of $0.4219 per share implying an approximate 7.2% annual yield.

The company's revenue mechanics are typical of a closed-end fund: it generates investment income from interest, dividends, and realized/unrealized gains on its CLO and other portfolio holdings rather than from selling a software or service product. It does not offer technology products, has no disclosed AI/ML capabilities, and runs a non-diversified investment portfolio. The customer base is the public securities market — primarily income-focused retail and institutional investors, with deliberate marketing toward holders of tax-advantaged accounts such as Roth IRAs where the high ordinary-income component of CLO distributions is tax-free. The firm reaches investors through financial newswires (GlobeNewswire), investment research platforms (Seeking Alpha), and financial data services (Investing.com, Benzinga, StockTitan), while distribution of its securities occurs via underwritten public offerings on NASDAQ. In 2025, the company completed a reverse stock split in its second fiscal quarter, and it has executed a series of debt and preferred-stock issuances between 2022 and 2026 to fund investment activities and general corporate purposes, with NAV declining 11% in a recent measurement period.

Name

Oxford Lane Capital

Legal name

Oxford Lane Capital Corp.

Website

https://oxfordlanecapital.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Oxford Lane Capital Corp. is a publicly traded NASDAQ-listed closed-end management investment company, regulated as a BDC, that invests primarily in CLO equity and debt securities to generate high-yield income for retail and institutional investors, particularly those holding shares in tax-advantaged accounts.

Ownership category

akta.pro rank

Product category

Structured Credit / CLO Investment Fund

NAICS

Other Investment Pools and Funds (5259)

SIC

Asset-Backed Securities (6189)

akta.pro primary industry

Collateralized Loan Obligations (CLO) (FSACACAC)

akta.pro secondary industries

Leveraged Finance & Loan Credit (Loans/Lev Loans/Loan CLOs) (FSAHAGAI), Leveraged Loans & CLOs (FSAAAHAF)

Keywords

• Collateralized loan obligations
• Structured credit investments
• Closed-end fund
• Business development company
• CLO equity investing

Headquarters

HQ city

Greenwich

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Others, Infrastructure

Distribution channels1 record

Marketing channels3 records

Core offering

Oxford Lane Capital Corp. is a publicly traded closed-end management investment company that invests primarily in equity and debt tranches of collateralized loan obligation (CLO) vehicles. The company raises capital through underwritten public offerings of common stock, term preferred shares, and unsecured notes listed on NASDAQ, and deploys that capital into CLO equity and debt securities to generate investment income and dividend distributions for shareholders. It has elected to be regulated as a business development company (BDC) under U.S. law.

Product overview

Oxford Lane Capital Corp. is a closed-end management investment company that operates as a non-diversified investment fund. The company does not offer technology products or software services. Its investment activities center on acquiring and managing collateralized loan obligation (CLO) equity and debt securities, along with other structured financial instruments. The company's financial products include various notes (debt securities) and term preferred stock offerings, which are listed on NASDAQ.

Differentiator

Problem solved

Functional benefit

Products and services

• Collateralized Loan Obligation (CLO) Equity

Quantifiable outcome

• CLO equity returns have historically approached 15% in past years
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• OFS Capital Corporation: OFS Capital is a smaller publicly traded BDC with leveraged loan and CLO-related holdings. Its scale and product focus make it a closer side-by-side comparable to Oxford Lane's high-income closed-end positioning.
• Eagle Point Credit Company: Eagle Point Credit is a publicly traded closed-end fund that invests primarily in CLO equity and debt securities—the same core strategy as Oxford Lane Capital. Both vehicles distribute high-yield dividends to retail and retirement-account investors and trade on similar premium-to-NAV dynamics.
• Oxford Square Capital Corp. Oxford Square is a NASDAQ-listed BDC/closed-end fund under common management lineage that invests in CLO debt and equity, sharing Oxford Lane's mandate, capital structure philosophy, and distribution channels.

Broad incumbents

• Saratoga Investment Corp: Saratoga is a publicly traded BDC with leveraged loan and structured credit exposure, including CLO-related investments. While broader than a pure CLO equity fund, its mandate and dividend-yield profile align closely with the retail high-yield credit theme Oxford Lane serves.
• TCP Capital Corp. TCP Capital is a publicly traded BDC providing structured middle-market credit, with periodic CLO mezzanine exposure. It competes with Oxford Lane for yield-seeking retail investors and trades with similar dividend-yield mechanics.
• Prospect Capital Corporation: Prospect Capital is one of the largest publicly traded BDCs, holding a broad portfolio of structured credit, including CLO equity-like positions. It serves the same high-income-retail segment and benchmarks similarly on dividend yield.
• Sixth Street Specialty Lending: Sixth Street Specialty Lending is a NYSE-listed BDC focused on specialty lending with structured and CLO-adjacent exposure. It targets the same institutional and retail yield-oriented investor base as Oxford Lane.
• WhiteHorse Finance, Inc. WhiteHorse Finance is a NASDAQ-listed BDC that invests in senior secured loans and structured debt with a similarly income-driven distribution policy. Its investor base and yield profile overlap the audience Oxford Lane addresses.

Others

• MFS Intermediate Income Trust: MFS Intermediate Income Trust is a diversified leveraged-loan closed-end fund. While not a CLO-equity specialist, it competes broadly with Oxford Lane for retail-income dollars allocated to structured and floating-rate credit products.
• PIMCO Income Strategy Fund: PIMCO Income Strategy is a closed-end fund holding leveraged loans and CLO debt as part of a broader credit mandate. It functions as an adjacent fixed-income/structured-credit vehicle serving the same income-investor segment.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds5 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oxford Lane Capital