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Oxford Lane Capital rises after authorizing $150 million share repurchase program

ReutersMar 21, 2025 3:30 PM

Oxford Lane Capital's OXLC.O shares rise 4.6% to $4.56

Investment company late Thursday announced program to repurchase up to $150 million worth of its stock in the open market

Share repurchase program expected to be in place until March 2026

OXLC, which invests mainly in debt and equity of collateralized loan obligation (CLO) vehicles, has over $300 million of cash on its balance sheet

CLO are securities backed by a pool of loans

OXLC stock down 10% YTD

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