Oxford Lane Capital Corp. announced that the company's Board of Directors has set a fourth fiscal quarter dividend of $0.55 per share. The company estimates that its taxable income for the fiscal quarter (and the 9 month period) ended December 31, 2011 exceeded the dividend payments with respect to those periods. The fourth quarter dividend will be payable on March 30, 2012 to shareholders of record as of March 16, 2012. For the quarter ended December 31, 2011 the company estimates that its taxable income was approximately equal to $1.46 million, or $0.59 per share. The company notes that its taxable income has historically differed, and will likely continue to differ, materially from its net investment income reported under U.S. generally accepted accounting principles (GAAP) due to differences between accounting principles and tax regulations.