Oxford Lane Capital: A Tale Of Two Yields
Summary
- Oxford Lane Capital's preferreds offer a $1.69 coupon paid monthly and a 10% yield to maturity.
- The relative safety of this compares with the payout to common shareholders which currently yields 16%.
- The CEF invests in the riskiest tranches of CLOs which will face more volatility this year and Fed rate hikes peak and the US possibly falls into a recession.
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