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Oxford Lane Capital Corp - 6.25% PRF REDEEM 28/02/2027 USD 25 - Ser 2027
Author's note: This article was initially released to members of CEF/ETF Income Laboratory on March 29, 2020. Certain numbers have been updated for public release.
Funds that invest in collateralized loan obligations ("CLOs") have experienced quite a brutal March, down -42% to -51%. During the peak of the liquidity crunch on March 18th, some funds were down nearly -70% (!) from the previous month's end. As a reminder, Eagle Point Credit Company (ECC), Oxford Lane Capital Corp. (OXLC), and OFS Credit Company (OCCI