OXLC - Oxford Lane Capital Corp.

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Oct 23, 2026

   The fund said it may sell new shares.

   Original document →

2. Oct 21, 2026

   The fund said it may sell new shares.

   Original document →

3. Oct 9, 2026

   Eagle Point Credit Management LLC cut its stake to 19% of the fund's preferred shares (from 20.1%), not the common shares most holders own.

   Original document →

4. Sept 2, 2026

   The fund said it will repay some borrowed money on Oct 2, 2026.

   Original document →

5. Aug 14, 2026

   Leroy Scott Frantz now owns 5% of the fund's preferred shares, not the common shares most holders own.

   Original document →

About this fund

• Run by Oxford Lane Management, LLC. As of March 31, 2026, from the fund's yearly report. Original document →
• Size: about $1.05 billion of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 40% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 28% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• The fund's own example of what borrowing does: in a year in which the holdings returned -10%, a share would return about -21.6%; at +10%, about +11.5%. As of March 31, 2026, from the fund's annual report. Original document →
• Costs: 5% a year in management fees; 17.6% a year in total, including interest on borrowed money. Fiscal year ended March 31, 2026. As of March 31, 2026, from the fund's yearly report. Original document →
  Among the 10 funds we follow that invest in a mix of shares and bonds, 9 charge a lower management fee and 9 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $149 in the first year and about $941 over 10 years, assuming the holdings return 5% a year. As of March 31, 2026, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended March 31, 2026) the fund paid $5.10 a share. $4.31 of that was income; $0.79 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of March 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (March 31, 2026): $10.56. The shares traded at $9.78, about 7.4% below that. As of March 31, 2026, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 24.1% below to 44.8% above. As of March 31, 2026, from the fund's annual report. Original document →
• How the holdings did: down 4.6% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2010.

How this has changed

• Payouts per share: $5.10 in the fiscal year ended March 31, 2026; $5.25 in the year ended March 31, 2025; $4.75 in the year ended March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.79 in the year ended March 31, 2026; none in the year ended March 31, 2025; none in the year ended March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 9.78% a year in the fiscal year ended March 31, 2026; 9.73% a year in the year ended March 31, 2025; 12.73% a year in the year ended March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $1.03 billion at March 31, 2026; $1.96 billion at March 31, 2025; $1.17 billion at March 31, 2024. From the fund's quarterly holdings reports. Original documents: March 31, 2026 →, March 31, 2025 →, March 31, 2024 →.
• Borrowing: about 44% on top of its own money at March 31, 2026; 31% at March 31, 2025; 33% at March 31, 2024. From the fund's quarterly holdings reports. Original documents: March 31, 2026 →, March 31, 2025 →, March 31, 2024 →.
• The fund had about 97.6 million shares at March 31, 2026, up 104.3% from March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →
  In between, the fund said it may sell new shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended March 31, 2026: the shares returned -41.8%, counting payouts; the holdings -27.5%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of March 31, 2026, from the fund's annual report. Original document →
• The year ended March 31, 2025: the shares returned +14.7%, counting payouts; the holdings +9.6%. As of March 31, 2025, from the fund's annual report. Original document →
• The year ended March 31, 2024: the shares returned +17.1%, counting payouts; the holdings +26.8%. As of March 31, 2024, from the fund's annual report. Original document →
• The year ended March 31, 2023: the shares returned -15.5%, counting payouts; the holdings -16%. As of March 31, 2023, from the fund's annual report. Original document →
• The year ended March 31, 2022: the shares returned +28.6%, counting payouts; the holdings +24.5%. As of March 31, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned -15.1%. $10,000 of shares bought at the start (April 1, 2021) would have become about $8,490 by March 31, 2026, with every payout counted, before tax. As of March 31, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: -41.3%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Of the 8 funds that invest in a mix of shares and bonds with a fiscal year ending within six months of this one, 7 reported a higher share return for that year and 0 a lower one. As of March 31, 2026, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly other holdings (97%), the rest cash and short-term holdings. About 4% issued in the U.S.

1. Carlyle Global Market Strategi - 7.1%
2. Cash and short-term - 5.7%
3. Oaktree CLO - 3.6%
4. CIFC Funding 2025-VIII - 3.4%
5. Magnetite Xlv, Magne 2025-45A Sub 04/15/2038 - 3.3%
6. Ocp CLO 2025-42 - 2.9%
7. Ares Loan Funding VIII, Ares 2024-ALF8 Sub 01/24/2038 - 2.9%
8. Octagon 75 - 2.8%
9. Elmwood CLO 38 - 2.8%
10. Lakeside Park CLO, Lakpk 2025-1A Sub 04/15/2038 - 2.8%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →