SCHEDULE: Karpus Management Holds 5.12% Stake in Oxford Lane Preferred

Karpus Management, Inc. has reported a 5.12% beneficial ownership stake in Oxford Lane Capital Corp.'s Preferred shares as of September 30, 2025.

Summary

• Karpus Management, Inc., operating as Karpus Investment Management, is the reporting person for this Schedule 13G filing.
• Karpus Management, Inc. beneficially owns 179,112 shares of Oxford Lane Capital Corp.'s Preferred stock.
• This ownership represents 5.12% of the total class of Preferred securities.
• Karpus Management, Inc. holds sole voting power and sole dispositive power over all 179,112 shares.
• The shares are held directly by accounts managed by Karpus.
• Karpus is a registered investment adviser under the Investment Advisers Act of 1940 and is controlled by City of London Investment Group plc (CLIG), but maintains effective informational barriers, exercising independent voting and investment power.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor and does not contain performance metrics, strategic updates, or other information that would typically influence a positive or negative sentiment score for the issuer. It is purely informational regarding a significant stake.

Positives

• The disclosure of a 5.12% stake by a registered investment adviser like Karpus Management, Inc. can be interpreted as a signal of institutional confidence in Oxford Lane Capital Corp.'s Preferred shares.

Future Outlook

This filing, a Schedule 13G, is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Oxford Lane Capital Corp.'s future outlook.

Management Comments

• Karpus Management, Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, nor in connection with any transaction having such purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing represents a routine disclosure by an institutional investment adviser, Karpus Management, Inc., of its significant beneficial ownership in a publicly traded company's preferred stock. Such disclosures are standard practice for institutional investors holding more than 5% of a class of securities, providing transparency on major shareholder positions within the market.

Comparison to Industry Standards

• This Schedule 13G filing, which reports beneficial ownership, does not contain information that allows for a direct comparison of Oxford Lane Capital Corp.'s operational or financial results to global benchmarks or specific comparable companies.
• The reported 5.12% institutional ownership stake is a notable position for an investment adviser in a specific class of securities.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership in the company's preferred shares.

Key Dates

Keywords

Oxford Lane Capital Corp, Karpus Management, Preferred Stock, Schedule 13G, Beneficial Ownership, Investment Adviser, SEC Filing