Company: OXLCZ
Filing Date: 2025-05-20
Form Type: N-CSR
Source: 0001213900-25-045605
Chunk: 11

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 11
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 6.75% Unsecured Notes due 2031 with an effective interest rate of approximately 7.11% (including amortization of deferred issuance costs), $100.0million 5.00% Unsecured Notes due 2027 with an effective interest rate of approximately 5.67% (including amortization of deferred issuance costs), $115.0million 8.75% Unsecured Notes due 2030 with an effective interest rate of approximately 9.32% (including amortization of deferred issuance costs) and $185.0million 7.95% Unsecured Notes due 2032 with an effective interest rate of approximately 9.05% (including amortization of deferred issuance costs), each as outstanding on March 31, 2025. We may issue additional debt securities. In the event that we were to issue additional debt securities, our borrowing costs, and correspondingly our total annual expenses would increase. (8) Assumes an average effective interest rate of 7.70% (including amortization of deferred issuance costs) and that we have an aggregate of approximately (a) $88.1million of preferred stock with a preferred rate of 6.25% per annum with an effective interest rate of approximately 6.74% (including amortization of deferred issuance costs), (b) $67.2million of preferred stock with a preferred rate of 6.00% per annum with an effective interest rate of approximately 6.44% (including amortization of deferred issuance costs) and (c) $63.8million of preferred stock with a preferred rate of 7.125% per annum with an effective interest rate of approximately 7.65% (including amortization of deferred issuance costs) which were the amounts outstanding as of March 31, 2025. We may issue additional shares of preferred stock. In the event that we were to issue additional shares of preferred stock or debt securities, our borrowing costs, and correspondingly our total annual expenses, including, in the case of such preferred stock, the base management fee as a percentage of the Fund’s net assets attributable to common stock, would increase. (9) “Other expenses” ($9.9million) are estimated for the current fiscal year. (10) “Total annual expenses” is presented as a percentage of net assets attributable to common stockholders, because the holders of shares of our common stock (and not the holders of our preferred stock or debt securities, if any) bear all