Risks and Other Considerations

Oxford Lane Capital Corp. (the “Company”) is a closed-end, non-diversified management investment company.

An investment in the Companyis speculative and entails substantial risk. Before making an investment decision, a prospective investor should (i) consider the suitability of this investment with respect to the investor’s investment objectives and (ii) consider factors such as the investor’s investment goals, income, risk tolerance, and time horizon.

There can be no assurance that the Company’s investment objectives will be achieved. An investment in the Company is not appropriate for all investors and is not intended to be a complete investment program. The Company is designed as a long-term investment and not as a trading vehicle. Investors could lose some or all of their investment Past performance is not indicative of future results.

The Company utilizes both direct and indirect leverage. Direct leverage involves the use of borrowings in an attempt to increase the return of an investment. Indirect leverage occurs because the securities the Company invests in are themselvesleveraged, usually substantially.The use of leverage involves risk, including the potential for higher volatility and greater declines of the Company’s NAV, and fluctuations of distributions paid by the Company.

Our primary current focus is to seek an attractive risk-adjusted total return by investing primarily in the equity and junior debt tranches of collateralized loan obligations (“CLO”). CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO. These investments are primarily rated below investment grade or are unrated and are commonly referred to as “junk” bonds.Investments in below investment grade securities are considered predominantly speculative with respect to the issuer’s capacity to pay interest and repay principal when due.

This website is neither an offer to sell, nor a solicitation of an offer to purchase, any securities in the Company. The Company does not offer to sell its securities on a continuous basis. Any offerings of the Company’s securities, which are typically conducted for a specified time and price, will be made only by means of a prospectus, which should be read carefully before investing.The Company’s prospectus and other filings with the Securities and Exchange Commission (“SEC”) contain information about the Company’s investment objectives, risks, charges and expenses as well as other information about the Company. These filings should be read carefully before investing. The Company’s filings with the SEC may be found on the SEC’s website (www.sec.gov) or at https://www.snl.com/IRW/CorporateProfile/4261442/trial/preview

This website’s contentisfor informational purposes only and does not constitute advice, a recommendation or an offer to enter into any transaction with the Company or any other fund. The Company does not provide tax, accounting, financial, regulatory or legal advice, and all investors are advised to consult with their tax, accounting, financial, legal and/or other professional advisors.