Oxford Lane Capital Corp. Provides Preliminary Estimates and Financial Highlights for the Fourth Fiscal Quarter 2024

GREENWICH, Conn., April 17, 2024 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (the “Company,” “we,” “us” or “our”) today announced preliminary estimates and financial highlights as of and for the three months ended March 31, 2024, which are estimated as of April 17, 2024. 

Preliminary Estimates (unaudited)	Estimated Ranges for the Three Months Ended March 31, 2024
Net investment income1	$0.20 - $0.24
Realized (losses)/gains1	$(0.03) - $0.01
Unrealized appreciation1	$0.06 - $0.10
Core net investment income1	$0.32 - $0.38
Net asset value	$4.85 - $4.95
Additional Details (unaudited)	Amounts as of March 31, 2024
Distributions per share paid on common stock during the quarter	$0.24
Common shares outstanding (approximately)	239.1 million
Number of portfolio investments	249
Total company preferred stock and debt outstanding	$487.2 million
Weighted average shares of common stock outstanding (approximately)	226.7 million
Cash and cash equivalents (approximately)	$43.0 million
1. Per share amounts based on weighted average shares outstanding for the quarter presented.

The Company will release its fourth fiscal quarter 2024 operating results in May 2024.

The preliminary financial data included in this press release has been prepared by, and is the responsibility of, the Company’s Management. PricewaterhouseCoopers LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto.