Dec. 11 at 3:59 PM
$OXLC The lowest weekly close in the long history of this fund was
$16.75 on 3/16/2020 during the panic selling stage of the Covid-19 crisis. The lowest monthly close in the long history of this fund was May of 2020 at
$17.00. So, just how bad do credit markets have to be right now for OXLC NAV to be valued at ~
$16.50 and sinking like a rock every month recently, and for the market to value shares at less than
$14.00? Put this into context: when investors believed nobody would be able to repay their loans when the entire world's economy shut down in March-May 2020, shares set a new all-time low on a closing basis of
$16.75 (weekly) and
$17.00 (monthly). Now, OXLC shares are valued at
$3.00 per share less (about 18% less) than during that period of investor panic. Are times really meaningfully worse now as it relates to creditors' ability to repay their loans than they were 5 1/2 years ago? I know bankruptcies are at a 15-year high right now, so there is that.
