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

Oxford Lane Capital

21/03/2025 15:30

** 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

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))