We are almost too heavily invested in (OXLC)

Yesterday, we sold substantially all of our holdings in OFS Credit Company, Inc. Common Stock (OCCI) in favor of Oxford Lane Capital Corp. Common stock (OXLC). The main reason for this is that (OXLC) has a more stable share price unlike (OCCI) which has demonstrated sideways and backwards movements since the pandemic. Another reason is the large insider purchases that have taken place in (OXLC) recently.

It will be interesting to see if these insider purchases were for a specific reason and we will see a price increase for Christmas or if it was just a fluke. The reallocation itself resulted in a dividend increase of $150 on an annualized basis. After this, we will not increase more in (OXLC) except to equalize the various endowment insurances to even hundreds. Our total holding in (OXLC) currently stands at 3.36 percent.