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Oxford Lane Capital Corp - 6.25% PRF REDEEM 28/02/2027 USD 25 - Ser 2027
Note: This article was released to CEF/ETF Income Laboratory members on March 31, 2020. Since the time of original writing, ECC and EIC have both cut their distribution rates and posted their estimated March NAVs. Those amounts are mostly consistent with our expectations discussed below and give further indication as to the widespread effect this will have on all CLO CEFs once they report their NAVs. Moreover, ECC recently stated they could "opportunistically" repurchase the X and Y notes (just as we predicted they would do those first), but we don't think they