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OXLCL - Oxford Lane Capital: High Dividends But Risks Are Emerging
Oxford Lane Capital Corp. 6.75% Notes due 2031
The CLO and leveraged finance space has experienced an improvement in credit quality since the pandemic trough in mid-2020.
The improving economy would see diversified CLO investors like Oxford Lane Capital benefit, sustaining the high dividend yield in the short term.
Over the medium term, a major headwind is rising interest rates and cost-pushed inflation that will affect default rates, especially in the riskier market segments that Oxford Lane focuses on.