 Oxford Lane Capital Corp. the Company NasdaqGS: OXLC, OXLCO and OXLCM announced today that it has called for redemption and will redeem on March 12, 2020 the Redemption Date 1,200,000 of the issued and outstanding shares of the Companys 7.50 Series 2023 Term Preferred Stock the Shares, which is traded on the NASDAQ Global Select Market under the ticker OXLCO, for a redemption price of 25 per Share plus 0.05729167 in accrued but unpaid dividends per Share to the Redemption Date, for a redemption price of 25.05729167 per Share or an aggregate redemption price of 30,068,750. The Shares will be redeemed from each holder of the Shares pro rata based upon the number of outstanding Shares held by such holder. 