This issue has a failure to redeem clause. If the shares are not redeemed on 3/31/2024 the coupon will increase 2% per year until redeemed. Additionally if dividends are not paid on schedule the coupon will rise 2% annually until redeemed (or until the dividend is paid).
Type: Term
Priority Income Fund 6.625% Series C Term Preferred Stock Due 2024
Shares of the Parent are NOT publicly traded–the parent ticker shown is for sorting purposes only.
It appears that dividends are partially qualified for 2018
Priority Income Fund 6.25% Series B Term Preferred Stock Due 2023
Shares of the Parent are NOT publicly traded–the parent ticker shown is for sorting purposes only.
It appears that dividends are partially qualified for 2018
Gladstone Investment 6.375% Series E Cumulative Term Preferred Stock due 2025
If this issue is not redeemed at mandatory redemption time the coupon shall increase by 3%
Priority Income Fund, Inc 6.375% Series A Term Preferred Stock Due 2025
Shares of the Parent are NOT publicly traded–the parent ticker shown is for sorting purposes only.
Generally dividends are ordinary income with some return of capital.
Oxford Lane Capital Corp 6.75% Series 2024 Term Preferred Stock
RiverNorth Capital and Income Fund 5.875% Series A Term Preferred Stock Due 2024
10/17/2017 The parent shares of this term preferred are NOT publicly traded.
3/22/2019 RiverNorth Marketplace Lending has announced they will list their common shares on an exchange for public trading.
The company common shares began trading under ticker RSF on 6/12/2019
Company renamed RiverNorth Specialty Finance Corp from RiverNorth Marketplace Lending
2022 Renamed RiverNorth Capital and Income Fund.
Gladstone Capital Corp. 6% Series 2024 Term Preferred Stock
Oxford Lane Capital Corp., 8.125% Cumulative Series 2024 Term Preferred Shares–REDEEMED
Oxford Lane Capital Corp., 7.50% Cumulative Series 2023 Term Preferred Shares
As of 9/30/2019 there are approximately 3.6 million shares outstanding of this issue—at the money offerings have been substantial.
GREENWICH, Conn., Feb. 11, 2020 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (the “Company”) (NasdaqGS: OXLC, OXLCO and OXLCM) announced today that it has called for redemption and will redeem on March 12, 2020 (the “Redemption Date”) 1,200,000 of the issued and outstanding shares of the Company’s 7.50% Series 2023 Term Preferred Stock (the “Shares”), which is traded on the NASDAQ Global Select Market under the ticker OXLCO, for a redemption price of $25 per Share plus $0.05729167 in accrued but unpaid dividends per Share to the Redemption Date, for a redemption price of $25.05729167 per Share or an aggregate redemption price of $30,068,750. The Shares will be redeemed from each holder of the Shares pro rata based upon the number of outstanding Shares held by such holder.