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Posted by
Two Blokes Jun 6 -
Filed in
Stock
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Oxford Lane Capital Corporation offers a high 23.84% yield, but this signals unsustainable risk and underperformance versus the S&P 500. The fund invests almost exclusively in collateralized loan obligation, or CLO, equity tranches, exposing investors to the riskiest part of the capital structure. Despite diversification, OXLC has posted negative returns for six of the last seven years, with large realized and unrealized losses.
