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Oxford Lane Capital (OXLC) reports unaudited NAV as of Dec. 31 of $17.41, a 10.8% premium to the...
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Wednesday, February 27, 12:00 PM ETOxford Lane Capital (OXLC) reports unaudited NAV as of Dec. 31 of $17.41, a 10.8% premium to the current stock price (also declared a $0.55 dividend for 14.5% yield). The NAV is likely understated, says David Schawel, as it's 2 months old. The company is a specialty debt investor with junior debt and equity stakes in 29 CLOs (listed in the PR).
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