Eagle Point Credit Management Holds 2.12M Oxford Lane Preferred Shares

TL;DR

**Eagle Point Credit Management still owns 2.12M Oxford Lane Preferred shares, showing continued confidence.**

AI Summary

Eagle Point Credit Management LLC, a Delaware-based investment firm, has filed an amended SC 13G/A, indicating its beneficial ownership of 2,120,004 shares of Oxford Lane Capital Corp.'s Preferred Stock as of December 31, 2023. This filing, an amendment to a previous statement, shows Eagle Point Credit Management LLC holds sole voting and dispositive power over these shares. For investors, this means a significant institutional holder maintains a substantial position in Oxford Lane Capital Corp.'s preferred stock, which could signal confidence in the company's fixed-income securities.

Why It Matters

This filing confirms a major institutional investor's continued significant stake in Oxford Lane Capital Corp.'s preferred stock, potentially influencing market perception and stability for this class of securities.

Risk Assessment

Risk Level: low — This filing is an amendment confirming an existing significant stake, not a new acquisition or disposal, indicating stability rather than immediate risk.

Analyst Insight

An investor might view this as a sign of stability for Oxford Lane Capital Corp.'s preferred stock, given the continued significant institutional ownership, but should still conduct their own due diligence on the company's financial health and preferred stock terms.

Key Numbers

• 2,120,004 — Shares Beneficially Owned (Represents the total number of Oxford Lane Capital Corp. Preferred Stock shares held by Eagle Point Credit Management LLC.)
• December 31, 2023 — Date of Event (The date as of which the beneficial ownership was reported, providing a recent snapshot of the holding.)
• 0001104659-24-002367 — Accession Number (Unique identifier for this specific SEC filing.)

Key Players & Entities

• Eagle Point Credit Management LLC (company) — the reporting person beneficially owning shares
• Oxford Lane Capital Corp. (company) — the issuer of the securities
• Delaware (company) — place of organization for Eagle Point Credit Management LLC
• Preferred Stock (company) — the class of securities owned

Forward-Looking Statements

• Eagle Point Credit Management LLC will maintain a significant stake in Oxford Lane Capital Corp.'s preferred stock throughout 2024. (Eagle Point Credit Management LLC) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• tm242466d1_sc13ga.htm (SC 13G/A) — 80KB
• 0001104659-24-002367.txt ( ) — 82KB

(a)

Item 1(a). Name of Issuer: Oxford Lane Capital Corp.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 8 Sound Shore Drive, Suite 255 Greenwich, CT 06830

(a)

Item 2(a). Name of Person(s) Filing: Eagle Point Credit Management LLC (“EPCM”). Thomas Philip Majewski This Schedule 13G is jointly filed by the above Reporting Persons pursuant to a Joint Filing Agreement attached hereto as Exhibit A.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 600 Steamboat Road, Suite 202 Greenwich, CT 06830

(c)

Item 2(c). Citizenship: EPCM: organized in the State of Delaware Mr. Majewski: United States citizen

(d)

Item 2(d). Title of Class of Securities: Preferred Stock (series identified below in response to Item 2(e))

(e)

Item 2(e). CUSIP Number(s): 691543 508 (6.75% Series 2024 Term Preferred Shares) 691543 607 (6.25% Series 2027 Term Preferred Shares) 691543 805 (6.00% Series 2029 Term Preferred Shares) 691543 870 (7.125% Series 2029 Term Preferred Shares) Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4. (a) Amount beneficially owned: See response to Item 9 on each cover page. (b) Percent of Class: See response to Item 11 on each cover page. CUSIP Nos . 691543 508 691543 607 691543 805 691543 870 The percentages reflected in this statement are calculated based upon 11,486,721 Preferred Shares outstanding as of September 30, 2023 as disclosed by the Issuer in Form 424B2 filed with the SEC on November 15, 2023. (c) Number of shares as to which the Reporting Person has: (i) Sole power to vote or to direct the vote: See response to Item 5 on each cover page. (ii) Shared power to vote or to direct the vote: See response to Item 6 on each cover page. (iii) Sole power to dispose or to direct the disposition of: See response to Item 7 on each cover page. (iv) Shared power to dispose or to direct the disposition of: See response to Item 8 on each cover page. EPCM acts as investment manager to certain private funds and certain separately managed accounts (collectively, the “Accounts”), which directly hold an aggregate of 2,120,004 Preferred Shares. Pursuant to an investment management agreement between EPCM and each Account, EPCM has discretionary investment authority and voting power with respect to the Preferred Shares directly held by the Accounts, which discretion is directly exercised by Mr. Majewski as managing partner and portfolio manager for EPCM. As such, each of EPCM and Mr. Majewski can be deemed to beneficially own the Preferred Shares directly held by the Accounts. In addition, Mr. Majewski directly h

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