Latest news with #JonathanCohen
Business Mayor
20-05-2025
- Entertainment
- Business Mayor
New York Designers Launch The Collective Shopping Experience
From left: Lena Baranovsky of Hunting Season, Marina Larroudé, Batsheva Hay, Abrima Erwiah, Maxwell … More Osborne of anOnlyChild, Jonathan Cohen, Sarah Leff, Edvin Thompson, Christopher John Rogers, Presley Oldham, Gigi Burris and Ryan Lobo of Emote Photo Courtesy of The Collective When it comes to luxury retail in today's climate, the name of the game is experience. Shoppers seek excitement and connection beyond the typical client and sales professional interaction. For young brands and designers, exposure via their own stores is often cost-prohibitive, and wholesale accounts are crucial, but not always the best acting partners. (To wit, when Saks Global began the acquisition process of Neiman Marcus and Bergdorf Goodman, it halted vendor payments, seemingly indefinitely. Its recent announcement to drop 600 vendors is likely due to attrition from vendors who stopped shipping.) Recent excessive tariffs, thanks to outdated manufacturing ideas, have spurred shrinking consumer confidence amid fears of a global recession. This leaves smaller, independent American brands and designers already dealing with a luxury downturn in a tight spot. With the spirit of 'if you want something done right, do it yourself,' 15 New York labels—Alejandra Alonso Rojas, anOnlyChild, Batsheva, Christopher John Rogers, Emote, Gigi Burris, Hunting Season, Larroudé, Presley Oldham, Ronny Kobo, Rosie Assoulin, Selima Optique, Studio 189, Theophilio, led by Jonathan Cohen—have come together for a three day pop up at the Freeman's | Hindman gallery on East 67thStreet to sell their Spring Summer 2025 offerings in a close-knit, often one-on-one shopping session with the designers themselves. Underlying the effort is a deep sense of community and a 'together we're better' attitude. Shoppers perusing Christopher John Rogers styles at The Collective Photo Courtesy of The Collective Spearheaded by designer Jonathan Cohen and his business partner Sarah Leff, the initiative was built to foster change to the wholesale and retail system, allowing them to directly engage with customers, share their stories, and build a more connected, resilient future for American fashion. 'We didn't want to wait for a solution—we wanted to create one,' said Jonathan Cohen and Sarah Leff. 'The Collective is about taking control of our work, strengthening community, and turning an industry challenge into an opportunity to grow together.' The giving spirit was also in full force for the concept space, which the Freeman's | Hindman gallery donated. 'At Freeman's | Hindman, promoting art, design, fashion, and culture is at the heart of what we do. As America's oldest auction house and one of the only major auction firms with a full-time specialist team devoted to couture and the fashion arts in the secondary market, the opportunity to partner with the innovative designers represented by The Collective was an unmissable opportunity and offers a unique chance to engage with our shared audience of clients and creative community on the Upper East Side,' said Tanner C. Branson, Associate Vice President, Head of Department Luxury Handbags & Couture Helping to produce the three-day event were The Hinton Group, Ruffino, and Christina Neault, a veteran show and event producer based in New York, who donated services. Marina Larroudé helps a shopper with a shoe style selection at The Collective Photo Courtesy of The Collective Spanning two floors and four studios, designers grouped in roughly sets of four to a room, arranged with styles and brands that both complemented and contrasted one another. The brands also represent RTW and accessories, making it possible to create head-to-toe summer looks. With Memorial Day just around the corner, presumably summer month outfitting is in high gear. While many styles were aimed at women's customers, men's apparel was also for sale. On the first floor, one room housed Christopher John Rogers' colorful stripe offerings, including a popular wrap halter style and swimwear, Batsheva's feminine polka dots, gender-inclusive EMOTE and Studio 189, the Ghana-textile-inspired, artisan-created collection by Rosario Dawson and Abrima Erwiah. Across the hall, Cohen's colorful floral and denim dressing offerings sidled up to Larroudé shoes and sandals. (Its founder, Marina Larroudé, has collaborated with Cohen and the two are close friends.) On opposite walls, Rose Assoulin's crisp and colorful stripe cotton options juxtaposed with Edvin Thompson's Theophilio collection, inspired by his Caribbean roots, infused with a downtown vibe. Upstairs on the landing, guests encountered some of the host's offerings in the fine jewelry. On display and coming to a live auction on June 18th were 1980s Angela Cumming for Steuban crystal and 18K gold drop earrings, an exceptional Bulgari Spiga wrap bracelet, a Cartier Trinity bangle, and a Temple St. Clair crystal and 18K gold amulet pendant necklace. Each item would pair with a myriad of clothing styles for sale. To the right was a room that featured Alejandro Alonso Rojas' Spanish-infused slinky silk charmeuses and chiffon dresses with Ronny Kobo's accessible-luxury cotton and knit sundresses. Selima Optique's sunglass counter between them made the room a one-stop garden party outfit destination. Gigi Burris helps customers with hat selections at The Collective. Photo Courtesy of The Collective The gallery on the other side also hit the 'fit search. To pair with Maxwell Osbornes' anOnlyChild's self-blouson Tees and pleated khaki miniskirts, one needs look across the room to Presley Oldham's fresh take on pearl jewelry, Hunting Season's chic raffia bags, and Gigi Burris' straw hats, a de rigueur crowd pleaser in hot weather. Burris, the sole designer with a flagship store in Chinatown, surmised that an UES customer would respond well to her summer millinery collection. On opening day, the mood was buoyant, with most designers attending to their customers at the event, which also featured direct payments to the sellers. 'The spirit of the first day was genuinely energizing—there was a real sense of community among both the designers and the guests. The space felt intimate but elevated, and the energy was warm, welcoming, and refreshingly personal. Customers responded not only to the curation and craftsmanship of the work, but to the fact that they were engaging directly with the people behind the brands. It felt like a true breath of fresh air compared to traditional retail environments,' said Cohen. Many thought the concept could also travel across the country, especially to secondary and tertiary markets in mid-sized cities. 'As for the idea of a traveling group trunk show—we love that thought. We've definitely imagined it as a next step, even if still loosely at this stage. The response so far has made it clear that there's a real appetite for something like this, and the portability of the concept feels exciting,' Cohen added. The experience is continues May 19th from 11 AM to 6 PM and May 20th from 11 AM to 4 PM.
Yahoo
20-05-2025
- Business
- Yahoo
Q4 2025 Oxford Lane Capital Corp Earnings Call
Jonathan Cohen; Chief Executive Officer, Director; Oxford Lane Capital Corp Bruce Rubin; Chief Financial Officer, Chief Accounting Officer, Treasurer, Corporate Secretary; Oxford Lane Capital Corp Joe Kupka; Managing DIrector; Oxford Lane Capital Corp Deja Sakon Justin Marca; Analyst; Lucid Capital Markets Operator Good morning, and thank you all for attending the Oxford Lane Capital Corp. announces net asset value and selected financial results for the fourth fiscal quarter. My name is Breca, and I will be your moderator for today. (Operator Instructions)I would now like to pass the conference over to your host, Jonathan Cohen, CEO at Oxford Lane Capital Corp. Thank you. You may proceed, Jonathan. Jonathan Cohen Thank you. Good morning, everyone, and welcome to the Oxford Lane Capital Corp. fourth fiscal quarter 2025 earnings conference call. I'm joined today by Saul Rosenthal, our President; Bruce Rubin, our CFO; and Joe Kupka, our Managing could you open the call with a disclosure regarding forward-looking statements? Bruce Rubin Sure, Jonathan. Today's conference call is being recorded. An audio replay of the call will be available for 30 days. Replay information is included in our press release that was issued earlier this morning. Please note that this call is the property of Oxford Lane Capital Corp. Any unauthorized rebroadcast of this call in any form is strictly this point, please direct your attention to the customary disclosure in this morning's press release regarding forward-looking information. Today's conference call includes forward-looking statements and projections that reflect the company's current views with respect to, among other things, future events and financial ask that you refer to our most recent filings with the SEC for important factors that could cause actual results to differ materially from those indicated in these projections. We do not undertake to update our forward-looking statements unless required to do so by law. During this call, we will use terms defined by -- in the earnings release and also referred to non-GAAP measures. For definitions and reconciliations to GAAP, please refer to our earnings release provided on our website at that, I'll turn the presentation back over to Jonathan. Jonathan Cohen Thank you, Bruce. On March 31, 2025, our net asset value per share stood at $4.32 compared to a net asset value per share of $4.82 as of the previous quarter. For the quarter ended March, we recorded GAAP total investment income of approximately $121.2 million, representing an increase of approximately $6.7 million from the prior the quarter ending March, we recorded -- excuse me, the quarter's GAAP total investment income consisted of approximately $115.3 million from our CLO equity and CLO warehouse investments and approximately $5.9 million from our CLO debt investments and from other income. Oxford Lane recorded GAAP net investment income of approximately $75.4 million or $0.18 per share for the quarter ended March compared to approximately $72.4 million or $0.20 per share for the quarter ended December core net investment income was approximately $95.8 million or $0.23 per share for the quarter ended March compared with approximately $99.9 million or $0.28 per share for the quarter ended December 31. As of March 31, we held approximately $639.1 million in newly issued or newly acquired CLO equity investments that had not yet made initial equity distributions to Oxford Lane Capital the quarter ended March, we recorded net unrealized depreciation on investments of approximately $187.7 million and net realized losses of approximately $8.5 million. We had a net decrease in net assets resulting from operations of approximately $120.8 million or $0.28 per share for the fourth fiscal quarter. As of March 31, the following metrics applied. We note that none of these metrics necessarily represented a total return to weighted average yield of our CLO debt investments at current cost was 15.9%, down from 16.6% as of December 31. The weighted average effective yield of our CLO equity investments at current cost was 15.9%, down from 16.1% as of December 31. The weighted average cash distribution yield of our CLO equity investments at current cost was 20.5%, which was down from 23.9% as of December 31. We note that the cash distribution yields calculated on our CLO equity investments are based on the cash distributions we received or which we were entitled to receive at each respective period the quarter ended March, we issued a total of approximately 60.7 million shares of our common stock pursuant to an aftermarket offering resulting in net proceeds of approximately $300.5 million. During the quarter ended March, we made additional CLO investments of approximately $526.2 million and we received approximately $136 million from sales and from repayments. As previously announced, on March 26, our Board of Directors declared monthly common stock distributions of $0.09 per share for each of the months ending July, August, and September of as previously announced on May 16, we were awarded Best Public Closed-End CLO fund by the periodical Creditflux at their London Conference. With that, I'll turn the call over to our Managing Director, Joe Kupka. Joe Kupka Thanks, Jonathan. During the quarter ended March 31, 2025, US loan market performance weakened versus the prior quarter. US loan price index decreased from 97.33% as of December 31, 2024, to 96.31% as of March decrease in US loan prices led to an approximate 12-point decrease in median US CLO equity net asset values. Additionally, due to elevated levels of repricing activity, we observed median weighted average spreads across loan pools within CLO portfolios decreased to 330 basis points compared to 334 basis points last 12-month trailing default rate for the loan index declined to 0.8% by principal amount at the end of the quarter from 0.9% at the end of December 2024. We note that out-of-court restructurings, exchanges, and subpar buybacks, which are not captured in the cited default rate remain elevated. CLO new issuance for the quarter totaled approximately $49 billion, reflecting a nearly $11 billion decline from the previous quarter, though issuance volume kept pace with the first quarter of 2024, a record-breaking the US CLO market saw over $100 billion in reset and refinancing activity in Q1 '25 consistent with levels seen in the prior quarter. Oxford Lane remained active this quarter, investing over $520 million in CLO equity debt and warehouses, while participating in opportunistics, resets, and refinancings. As a function of our overall activity during the quarter, we were able to lengthen the weighted average reinvestment period of Oxford Lane CLO equity portfolio from February 2028 to November primary investment strategy during the quarter was to engage in relative value trading and seek to lengthen the weighted average reinvestment period of Oxford Lane CLO equity portfolio. In the current market environment, we intend to continue to utilize our opportunistic and unconstrained CLO investment strategy across US CLO equity debt and warehouses as we look to maximize our long-term total return, and as a permanent capital vehicle, we have historically been able to take a longer-term view towards our investment that, I'll turn the call back over to Jonathan. Jonathan Cohen Thanks very much, Joe. With that, operator, we're happy to open the call for any questions. Operator (Operator Instructions) We have a question from [Deija Sakon] with (inaudible) Private Investor. Deja Sakon Think about the share repurchase program, have you purchased any shares yet under that? Jonathan Cohen We haven't disclosed that information. Operator Erik Zwick, Lucid Capital Markets. Justin Marca This is Justin on for Erik today. So I was wondering if you guys could talk about pricing dynamics in the current quarter, understanding that yields were down in the quarter ended in March and maybe what you're expecting to see for this year. Jonathan Cohen Joe? Joe Kupka Yeah. Are you referring to CLO equity trading levels in particular or the liability market, anything in particular you're looking up to go over? Justin Marca I guess kind of just at a high level, where you guys are expecting yields to go for the investment portfolio. Jonathan Cohen Sure. We don't have a specific target, Justin, or projection in terms of anticipated yields. What we can say is that between the end of calendar 2024 and March 31, we saw a dramatic diminishment in CLO tranche pricing, significant illiquidity in the marketplace. And a general level of stress accompanying the levels of stress that we saw in public and private equity markets, the US syndicated corporate loan market, the public corporate bond market, all of those things were fairly tightly correlated during that period of economic we move forward to the end of April, we obviously saw that get worse. And then rebound very, very substantially between April 30 and May 16, last Friday. So as you know, we've obviously seen a fair amount of volatility across this and most other asset classes. But in terms of a specific point estimate of where we anticipate yields to reside for the remainder of this calendar year, we have none. Justin Marca Okay. All right. That's great. And then maybe if you guys could talk about the relative attractiveness in the primary versus secondary markets and kind of how the investment portfolio is positioned in terms of cyclicality in the companies that are invested in? Joe Kupka Yeah. So I think the answer to those questions kind of are linked. We're constantly reevaluating the relative attractiveness of the primary and the secondary. AAAs in particular, are still undergoing some price discovery. So that's a calculation we're reassessing every day. We're still seeing attractive opportunities in both the primary and depending on the particular offers or structures that we were able to create in the primary, we're active in both markets. In terms of the cyclicality part of the question, one thing we are focused on is just lengthening that reinvestment period as much as possible just to lessen that part of the risk spectrum. So that's one way we think of it, just lengthening the runway for our managers, allowing them to work out of any problems that arise. Jonathan Cohen Sure. And in addition to what Joe just referenced, Justin, there's also the economic issue associated with holding long-dated CLO equity during periods of economic and financial dislocation, which we think has historically provided us with strong economic returns. Justin Marca Great. Okay. Thank you. That helps. And then just last one for me on sort of your strategy. Curious how you guys differentiate yourselves from peers. Any sort of qualitative or quantitative examples on your strategy and how you guys relate to any other peers would be helpful. Jonathan Cohen Sure. Obviously, we don't track our peers with the precision that we track our own performance and we monitor our own portfolios. I think historically, Justin, we've differentiated ourselves in a couple of ways. Firstly, as you know, we run a completely unconstrained CLO investment strategy, meaning that we can look at long-dated CLO equity, short-dated CLO equity, primary tranches, secondary tranches, we warehouse, obviously, a fair amount. We are one of the largest market participants in both the primary and secondary markets and also, we rotate the portfolio again, I can't speak to the investment strategies of other firms, but we view this asset class as particularly appropriate for an active portfolio management strategy, which is very much what we engage in. Justin Marca Great. That's helpful. Thanks for taking my questions today. That's all for me. Operator (Operator Instructions) I can see that we have no further questions. So I would like to hand it back to Jonathan for some final closing comments. Jonathan Cohen Well, I'd like to thank everyone for their interest in Oxford Lane Capital and for their participation on this call or listening to the replay. And we look forward to speaking to you again soon. Thanks very much. Operator Thank you all for joining the Oxford Lane Capital Corp. call today. At this time, today's call has concluded. You may now disconnect, and thank you for your participation. Sign in to access your portfolio
Forbes
19-05-2025
- Entertainment
- Forbes
New York Designers Launch The Collective Shopping Experience
From left: Lena Baranovsky of Hunting Season, Marina Larroudé, Batsheva Hay, Abrima Erwiah, Maxwell ... More Osborne of anOnlyChild, Jonathan Cohen, Sarah Leff, Edvin Thompson, Christopher John Rogers, Presley Oldham, Gigi Burris and Ryan Lobo of Emote When it comes to luxury retail in today's climate, the name of the game is experience. Shoppers seek excitement and connection beyond the typical client and sales professional interaction. For young brands and designers, exposure via their own stores is often cost-prohibitive, and wholesale accounts are crucial, but not always the best acting partners. (To wit, when Saks Global began the acquisition process of Neiman Marcus and Bergdorf Goodman, it halted vendor payments, seemingly indefinitely. Its recent announcement to drop 600 vendors is likely due to attrition from vendors who stopped shipping.) Recent excessive tariffs, thanks to outdated manufacturing ideas, have spurred shrinking consumer confidence amid fears of a global recession. This leaves smaller, independent American brands and designers already dealing with a luxury downturn in a tight spot. With the spirit of 'if you want something done right, do it yourself," 15 New York labels—Alejandra Alonso Rojas, anOnlyChild, Batsheva, Christopher John Rogers, Emote, Gigi Burris, Hunting Season, Larroudé, Presley Oldham, Ronny Kobo, Rosie Assoulin, Selima Optique, Studio 189, Theophilio, led by Jonathan Cohen—have come together for a three day pop up at the Freeman's | Hindman gallery on East 67thStreet to sell their Spring Summer 2025 offerings in a close-knit, often one-on-one shopping session with the designers themselves. Underlying the effort is a deep sense of community and a 'together we're better' attitude. Shoppers perusing Christopher John Rogers styles at The Collective Spearheaded by designer Jonathan Cohen and his business partner Sarah Leff, the initiative was built to foster change to the wholesale and retail system, allowing them to directly engage with customers, share their stories, and build a more connected, resilient future for American fashion. "We didn't want to wait for a solution—we wanted to create one," said Jonathan Cohen and Sarah Leff. 'The Collective is about taking control of our work, strengthening community, and turning an industry challenge into an opportunity to grow together.' The giving spirit was also in full force for the concept space, which the Freeman's | Hindman gallery donated. 'At Freeman's | Hindman, promoting art, design, fashion, and culture is at the heart of what we do. As America's oldest auction house and one of the only major auction firms with a full-time specialist team devoted to couture and the fashion arts in the secondary market, the opportunity to partner with the innovative designers represented by The Collective was an unmissable opportunity and offers a unique chance to engage with our shared audience of clients and creative community on the Upper East Side,' said Tanner C. Branson, Associate Vice President, Head of Department Luxury Handbags & Couture Helping to produce the three-day event were The Hinton Group, Ruffino, and Christina Neault, a veteran show and event producer based in New York, who donated services. Marina Larroudé helps a shopper with a shoe style selection at The Collective Spanning two floors and four studios, designers grouped in roughly sets of four to a room, arranged with styles and brands that both complemented and contrasted one another. The brands also represent RTW and accessories, making it possible to create head-to-toe summer looks. With Memorial Day just around the corner, presumably summer month outfitting is in high gear. While many styles were aimed at women's customers, men's apparel was also for sale. On the first floor, one room housed Christopher John Rogers' colorful stripe offerings, including a popular wrap halter style and swimwear, Batsheva's feminine polka dots, gender-inclusive EMOTE and Studio 189, the Ghana-textile-inspired, artisan-created collection by Rosario Dawson and Abrima Erwiah. Across the hall, Cohen's colorful floral and denim dressing offerings sidled up to Larroudé shoes and sandals. (Its founder, Marina Larroudé, has collaborated with Cohen and the two are close friends.) On opposite walls, Rose Assoulin's crisp and colorful stripe cotton options juxtaposed with Edvin Thompson's Theophilio collection, inspired by his Caribbean roots, infused with a downtown vibe. Upstairs on the landing, guests encountered some of the host's offerings in the fine jewelry. On display and coming to a live auction on June 18th were 1980s Angela Cumming for Steuban crystal and 18K gold drop earrings, an exceptional Bulgari Spiga wrap bracelet, a Cartier Trinity bangle, and a Temple St. Clair crystal and 18K gold amulet pendant necklace. Each item would pair with a myriad of clothing styles for sale. To the right was a room that featured Alejandro Alonso Rojas' Spanish-infused slinky silk charmeuses and chiffon dresses with Ronny Kobo's accessible-luxury cotton and knit sundresses. Selima Optique's sunglass counter between them made the room a one-stop garden party outfit destination. Gigi Burris helps customers with hat selections at The Collective. The gallery on the other side also hit the 'fit search. To pair with Maxwell Osbornes' anOnlyChild's self-blouson Tees and pleated khaki miniskirts, one needs look across the room to Presley Oldham's fresh take on pearl jewelry, Hunting Season's chic raffia bags, and Gigi Burris' straw hats, a de rigueur crowd pleaser in hot weather. Burris, the sole designer with a flagship store in Chinatown, surmised that an UES customer would respond well to her summer millinery collection. On opening day, the mood was buoyant, with most designers attending to their customers at the event, which also featured direct payments to the sellers. "The spirit of the first day was genuinely energizing—there was a real sense of community among both the designers and the guests. The space felt intimate but elevated, and the energy was warm, welcoming, and refreshingly personal. Customers responded not only to the curation and craftsmanship of the work, but to the fact that they were engaging directly with the people behind the brands. It felt like a true breath of fresh air compared to traditional retail environments," said Cohen. Many thought the concept could also travel across the country, especially to secondary and tertiary markets in mid-sized cities. "As for the idea of a traveling group trunk show—we love that thought. We've definitely imagined it as a next step, even if still loosely at this stage. The response so far has made it clear that there's a real appetite for something like this, and the portability of the concept feels exciting," Cohen added. The experience is continues May 19th from 11 AM to 6 PM and May 20th from 11 AM to 4 PM.
Associated Press
16-05-2025
- Business
- Associated Press
Oxford Lane Capital Corp. Awarded 'Best Public Closed‐End CLO Fund' by Creditflux
GREENWICH, Conn., May 16, 2025 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (NasdaqGS: OXLCG) ('Oxford Lane,' the 'Company,' 'we,' 'us' or 'our') has been named 'Best Public Closed-End CLO Fund' by Creditflux, a leading global information source covering credit funds and CLOs. The award was presented at Creditflux's Credit Symposium and Manager Awards, which took place in London on May 15th. The annual Creditflux Manager Awards recognize leading managers and funds based purely on data over the applicable review period. The 'Best Public Closed-End CLO Fund' award category measured the change in value of eligible funds between December 31, 2023 and December 31, 2024. 'We are very pleased to have received this recognition from Creditflux,' said Jonathan Cohen, CEO of the Company. 'We'd like to thank our team for their efforts in achieving this success, and also recognize the many collateral managers and counterparties we've worked with over the years.' About Oxford Lane Capital Corp. Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of CLO vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle. Forward-Looking Statements This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. 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. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. 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. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law. Contact: Bruce Rubin 203-983-5280
Yahoo
16-05-2025
- Business
- Yahoo
Oxford Lane Capital Corp. Awarded 'Best Public Closed‐End CLO Fund' by Creditflux
GREENWICH, Conn., May 16, 2025 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (NasdaqGS: OXLCG) ('Oxford Lane,' the 'Company,' 'we,' 'us' or 'our') has been named 'Best Public Closed-End CLO Fund' by Creditflux, a leading global information source covering credit funds and CLOs. The award was presented at Creditflux's Credit Symposium and Manager Awards, which took place in London on May 15th. The annual Creditflux Manager Awards recognize leading managers and funds based purely on data over the applicable review period. The 'Best Public Closed-End CLO Fund' award category measured the change in value of eligible funds between December 31, 2023 and December 31, 2024. "We are very pleased to have received this recognition from Creditflux,' said Jonathan Cohen, CEO of the Company. "We'd like to thank our team for their efforts in achieving this success, and also recognize the many collateral managers and counterparties we've worked with over the years.' About Oxford Lane Capital Corp. Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of CLO vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle. Forward-Looking Statements This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. 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. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. 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. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law. Contact:Bruce Rubin203-983-5280
