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OFS Credit Company Inc - OCCI STOCK NEWS

Welcome to our dedicated news page for OFS Credit Company (Ticker: OCCI), a resource for investors and traders seeking the latest updates and insights on OFS Credit Company.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OFS Credit Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OFS Credit Company's position in the market.

News
OFS Credit Company Provides March 2024 Net Asset Value Update
Rhea-AI Summary
OFS Credit Company, Inc. (NASDAQ: OCCI) provided an update on its net asset value (NAV) estimate for March 31, 2024, ranging between $7.42 and $7.52 per share. The company cautioned that future NAV estimates may differ due to various factors like interest rates, geopolitical events, and market volatility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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none
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News
OFS Credit Company Provides February 2024 Net Asset Value Update
Rhea-AI Summary
OFS Credit Company, Inc. (OCCI) provided an estimate of its net asset value (NAV) per share for February 29, 2024, ranging between $7.48 and $7.58. The company highlighted potential impacts on its financial condition due to various global events and economic factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
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none
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News
OFS Credit Company Announces Financial Results for the First Fiscal Quarter 2024
Rhea-AI Summary
OFS Credit Company, Inc. (OCCI) reported a decrease in net investment income and core net investment income for the fiscal quarter ended January 31, 2024, primarily due to a decrease in interest income. However, the net asset value per common share increased to $7.68. The company declared monthly cash distributions and preferred stock dividends. The total fair value of the investment portfolio was $177.6 million, with a CLO equity cash flow yield of 20.12%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
earnings
News
OFS Credit Company Provides January 2024 Net Asset Value Update
Rhea-AI Summary
OFS Credit Company, Inc. (OCCI) announces an estimated NAV per share range of $7.63 to $7.73 as of January 31, 2024, subject to potential fluctuations due to various economic factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
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none
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News
OFS Credit Company Declares Monthly Cash Distributions on Common and Preferred Stock
Rhea-AI Summary
OFS Credit Company, Inc. (NASDAQ: OCCI) announced monthly cash distributions for common stockholders and preferred stockholders for the quarter ending April 30, 2024. The Board also declared monthly cash distributions for the Company’s preferred stocks through July 31, 2024. Additionally, the company amended its Dividend Reinvestment Plan to issue DRIP shares at 95% of the market price, providing a 5% discount to the market price. Common stockholders interested in participating in the DRIP should contact their broker or financial intermediary.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
none
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News
OFS Credit Company Provides December 2023 Net Asset Value Update
Rhea-AI Summary
OFS Credit Company, Inc. (NASDAQ: OCCI) announced an estimated net asset value (NAV) per share of common stock as of December 31, 2023, ranging between $7.61 and $7.71. The company advises that these estimates may differ from future NAV determinations due to potential impacts from events such as the ongoing war between Russia and Ukraine, the conflict in Israel, instability in the banking systems, recession risks, and market volatility. The preliminary financial data included in the press release has not been audited by KPMG LLP.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
OFS Credit Company Provides November 2023 Net Asset Value Update
Rhea-AI Summary
OFS Credit Company, Inc. (NASDAQ: OCCI) announced an unaudited estimate of the range of their net asset value (NAV) per share of common stock as of November 30, 2023, which is between $7.58 and $7.68. The company advises that this estimate may differ materially from future NAV estimates or determinations, and their financial condition and results of operations may be impacted by various known and unknown factors, including rising interest rates, inflation, geopolitical conflicts, and market volatility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
OFS Credit Company Announces Financial Results for the Fourth Fiscal Quarter 2023
Rhea-AI Summary
OFS Credit Company, Inc. (NASDAQ: OCCI) announced its financial results for the fourth fiscal quarter and fiscal year ended October 31, 2023. Highlights include a net investment income of $5.3 million, or $0.36 per common share, and an increase in total waterfall payments from CLO equity investments for the fiscal quarter ended October 31, 2023. The company also issued 1,785,850 shares of common stock pursuant to its At-the-Market offering, for net proceeds of approximately $14.1 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
Tags
earnings
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News
OFS Credit Company Declares Monthly All-Cash Common Stock Distributions for Each of the Three Months in the Quarter Ending January 31, 2024
Rhea-AI Summary
OFS Credit Company, Inc. (OCCI) announces monthly all-cash distributions for common stockholders for the quarter ending January 31, 2024, with a distribution rate of $0.10 per common share, equating to an approximate 19.4% annualized distribution rate. The company's Board intends to declare future distributions in cash, payable monthly. Additionally, an amended Dividend Reinvestment Plan (DRIP) permits DRIP shares to be issued at 95% of the market price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.7%
Tags
none
News
OFS Credit Company Provides October 2023 Net Asset Value Update
Rhea-AI Summary
OFS Credit Company, Inc. (NASDAQ: OCCI) Announces NAV Estimate of $7.50-$7.60 per Share as of October 31, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
Tags
none
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OFS Credit Company Inc

Nasdaq:OCCI

OCCI Rankings

#4184 Ranked by Market Cap
#4133 Ranked by Stock Gains
#13 Ranked by Dividends

OCCI Stock Data

114.83M
4.78%
16.46%
0.23%
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Finance and Insurance
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