🔴 CLO equity fund (OXLC) is trading 2.2% down as shares go ex-dividend for its $0.20 payout

OXLC is trading at $7.98 (-2.20%) as shares adjust for the October 16 ex-dividend date for its $0.20-per-share distribution.

• The ex-dividend adjustment mechanically reduces the share price by roughly the distribution amount.
• Inflation and rate-hike concerns may also weigh on credit-sensitive investments; the market backdrop reports broad U.S. equity declines and expectations of a tighter Fed.