Oxford Lane Capital's Preferred Stock Series 2017 Crosses Above 8.5% Yield Territory

In trading on Tuesday, shares of Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 (OXLCP) were yielding above the 8.5% mark based on its monthly dividend (annualized to $2.1252), with shares changing hands as low as $24.80 on the day. This compares to an average yield of 5.79% in the "Financial" preferred stock category, according to Preferred Stock Channel..