Oxford Lane Capital -4.3% after net assets decline in Q3

|About: Oxford Lane Capital (OXLC)|By:, SA News Editor

Oxford Lane Capital (NASDAQ:OXLC) sinks 4.3% in premarket trading after fiscal Q3 net assets resulting from operations fell $75.8M, or $2.03 per share.

Net asset value per share was $7.56 at Dec. 31, 2018, down from $9.93 at Sept. 30, 2018.

Q3 core net investment income was $17.7M, or 47 cents per share.

Q3 total investment income was $22.8M, an increase of $0.9M from Q2.

During the quarter OXLC made additional CLO investments of ~$74.1M and received $72.0M from sales and repayments of CLO investments.

Conference call at 9:00 AM ET; 1-844-792-3730.

Previously: Oxford Lane Capital reports Q3 results (Feb. 11)

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