Unassociated Document
Filed pursuant to Rule
497(a)(1)
File
No. 333-167803
Rule 482 AD
Oxford
Lane Capital Corp. Invests Proceeds of Initial Public Offering
Greenwich,
CT -- 02/1/2011 – Oxford Lane Capital Corp. (the “Company”) (NasdaqGS: OXLC)
announced today that since the closing of the Company’s initial public offering
on January 25, 2011, it has now entered into transactions representing
approximately $14.0 million of the $33.5 million in net proceeds the Company
received from its initial public offering (representing approximately 42% of
those proceeds). These investments (which are now pending settlement) were made
in junior debt and equity tranches of collateralized loan obligations,
consistent with the Company’s investment objective described in the prospectus
relating to the Company’s initial public offering.
This
press release does not constitute an offer to sell or the solicitation of an
offer to buy the securities in the above-referenced offering or any other
securities nor will there be any sale of these securities or any other
securities referred to in this press release in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of such state or
jurisdiction. A registration statement relating to these securities
was filed with, and has been declared effective by, the Securities and Exchange
Commission.
The
above-referenced offering was made only by means of a prospectus, copies of
which may be obtained from Ladenburg Thalmann & Co. Inc., Attn: Syndicate
Department, 58 South Service Road, Suite 160, Melville, NY 11747, (telephone
number 631-270-1600). Investors should consider the investment objective,
risks, and charges and expenses of the Company carefully before investing.
The prospectus, dated January 19, 2011, which was filed with the Securities and
Exchange Commission, contains this and other information about the
Company. Investors should read the prospectus carefully before
investing.
About
Oxford Lane Capital Corp.
Oxford
Lane Capital Corp. is a publicly-traded registered closed-end management
investment company. It seeks to achieve its investment objective by investing
primarily in senior secured loans made to companies whose debt is unrated or is
rated below investment grade (“Senior Loans”), with an emphasis on current
income. Those investments may take a variety of forms, including the
direct purchases of Senior Loans (either in the primary or secondary markets) or
through investments in entities that in turn own a pool of Senior
Loans.
Forward-Looking
Statements
This
press release contains forward-looking statements subject to the inherent
uncertainties in predicting future results and conditions, including statements
with regard to the anticipated use of the net proceeds of the Company’s
securities offering. Any statements that are not statements of historical fact
(including statements containing the words “believes,” “plans,” “anticipates,”
“expects,” “estimates” and similar expressions) should also be considered to be
forward-looking statements. Certain factors could cause actual results and
conditions to differ materially from those projected in these forward-looking
statements. These factors are identified from time to time in our filings with
the Securities and Exchange Commission, including the prospectus dated January
19, 2011. We undertake no obligation to update such statements to
reflect subsequent events.
Contact:
Bruce
Rubin
203-983-5280