OFS Credit Company Provides April 2024 Net Asset Value Update
OFS Credit Company (NASDAQ: OCCI) announced an estimated net asset value (NAV) per share between $7.29 and $7.39 as of April 30, 2024. This estimate is unaudited and may differ from the final NAV reported in the Semi-Annual Report on Form N-CSRS. The financial condition and the fair value of portfolio investments may be impacted by various geopolitical and economic factors, including elevated interest rates, inflation, global conflicts, banking system instability, recession risks, and potential U.S. government shutdowns. KPMG LLP has not reviewed or audited the preliminary financial data.
- Estimated NAV per share between $7.29 and $7.39.
- Announcement provides timely financial information.
- No adverse effects reported as of the estimate date.
- NAV estimate is unaudited and subject to change.
- Potential adverse impacts from elevated interest rates and inflation.
- Geopolitical conflicts (Russia-Ukraine, Middle East) may affect financials.
- Instability in U.S. and international banking systems noted.
- Risk of recession and U.S. government shutdowns may impact future NAV.
- KPMG LLP has not provided assurance on the preliminary data.
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Management’s unaudited estimate of the range of our NAV per share of our common stock as of April 30, 2024 is between
and$7.29 . This estimate is not a comprehensive statement of our financial condition or results for the month ended April 30, 2024. This estimate did not undergo the Company’s typical quarter-end financial closing procedures. We advise you that the final determination of our NAV per share as of April 30, 2024, which will be reported in our Semi-Annual Report on Form N-CSRS, may differ from this estimate.$7.39
Our financial condition, including the fair value of our portfolio investments, and results of operations may be materially impacted after April 30, 2024 by circumstances and events that are not yet known. To the extent our portfolio investments are adversely impacted by elevated interest and inflation rates, the ongoing war between
The preliminary financial data included in this press release has been prepared by, and is the responsibility of, OFS Credit’s management. KPMG LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, KPMG LLP does not express an opinion or any other form of assurance with respect thereto.
About OFS Credit Company, Inc.
OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company’s investment objective is to generate current income, with a secondary objective to generate capital appreciation, which we seek to achieve primarily through investment in CLO equity and debt securities. The Company’s investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 19401, as amended, and headquartered in
Forward-Looking Statements
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements. Forward-looking statements can be identified by terminology such as “anticipate”, “believe”, “could”, “could increase the likelihood”, “estimate”, “expect”, “intend”, “is planned”, “may”, “should”, “will”, “will enable”, “would be expected”, “look forward”, “may provide”, “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in documents that may be filed by OFS Credit from time to time with the Securities and Exchange Commission, as well as elevated interest and inflation rates, the ongoing war between
1 Registration does not imply a certain level of skill or training
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INVESTOR RELATIONS:
OFS Credit Company, Inc.
Steve Altebrando
847-734-2085
investorrelations@ofscreditcompany.com
MEDIA RELATIONS:
Bill Mendel
212-397-1030
bill@mendelcommunications.com
Source: OFS Credit Company, Inc.
FAQ
What is the estimated NAV per share for OFS Credit Company as of April 30, 2024?
How accurate is the NAV estimate for OFS Credit Company?
What factors could impact the future NAV of OFS Credit Company?
Did KPMG LLP audit the preliminary NAV estimate for OFS Credit Company?