Company: OXLCZ
Filing Date: 2025-05-20
Form Type: N-CSR
Source: 0001213900-25-045605
Chunk: 34

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 34
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% Series 2024 Term Preferred Shares (the “6.75% Series 2024 Shares”), 6.25% Series 2027 Term Preferred Shares (the “6.25% Series 2027 Shares”); 6.00% Series 2029 Term Preferred Shares (the “6.00% Series 2029 Shares”); and its 7.125% Series 2029 Term Preferred Shares (the “7.125% Series 2029 Shares”), collectively the “Term Preferred Shares”, each issued in an underwritten public offering. The Fund is required to redeem all of the outstanding Term Preferred Shares on their respective redemption dates, at a redemption price equal to $25 per share plus an amount equal to accumulated but unpaid dividends, if any, to the date of the redemption. The Fund cannot effect any amendment, alteration, or repeal of the Fund’s obligation to redeem all of the Term Preferred Shares without the prior unanimous vote or consent of the holders of such Term Preferred Shares. At any time on or after the optional redemption date, at the Fund’s sole option, the Fund may redeem the Term Preferred Shares at a redemption price per share equal to the sum of the $25 liquidation preference per share plus an amount equal to accumulated but unpaid dividends, if any, on such Term Preferred Shares. The Fund, with the authorization by the Board of Directors, may repurchase any of the Term Preferred Shares from time to time in the open market and effectively extinguish the debt. As of March 31, 2025, there were no accumulated but unpaid dividends on the Fund’s Term Preferred Shares. On July 1, 2024, the Fund redeemed all 2,725,015 of the issued and outstanding shares of the 6.75% Series 2024 Shares for a redemption price of $25 per share. The Fund’s Term Preferred Share activity for the year ended March 31, 2025, was as follows:

|                                      |     |       6.75% 
 Series 2024 
        Term 
   Preferred 
      Shares |   |     |       6.25% 
 Series 2027 
        Term 
   Preferred 
      Shares |     |       6.00% 
 Series 2029 
        Term 
   Preferred 
      Shares |     |      7.125% 
 Series 2029 
        Term 
   Preferred 
      Shares |     |      Total |   |
| Shares outstanding at March 31,