Ofs Credit Company Inc Stock Price, News & Analysis

OFS Credit Company, Inc. (NASDAQ: OCCI) has announced preliminary financial estimates for Q4 and the fiscal year ending October 31, 2021. Net asset value is projected between $13.95 and $14.05 per share. Net investment income is expected to be between $0.37 and $0.39 per share, an increase from $0.26 in Q3. Core net investment income is estimated to range from $0.68 to $0.70 per share. As of October 31, the company had $15.0 million in cash available.

OFS Credit Company (NASDAQ: OCCI) released an unaudited estimated NAV per share ranging from $13.95 to $14.05 for its common stock as of October 31, 2021. This estimate has not been approved by the board and may differ in the upcoming Annual Report on Form N-CSR. The company warns that the ongoing COVID-19 pandemic may materially impact its investments and financial condition. KPMG LLP did not audit the preliminary data provided in the release, indicating that it should not be regarded as conclusive.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced an estimated net asset value (NAV) per share of $13.68 to $13.78 for September 30, 2021. This figure is unaudited and subject to change, with the official NAV to be reported in the upcoming Annual Report. The company cautioned that the COVID-19 pandemic poses significant risks, potentially impacting the value of its investments and future income. KPMG LLP did not audit the preliminary data, thereby not providing any assurance regarding its accuracy.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced its net asset value (NAV) estimate for common stock as of August 31, 2021, ranging from $14.10 to $14.20. This estimate is preliminary and not subject to typical financial closing procedures. The ongoing COVID-19 pandemic introduces significant risks that could materially affect the company's investments and financial performance. The unaudited preliminary data has not been reviewed by KPMG LLP, and actual results may differ significantly when reported in the Annual Report.

OFS Credit Company, Inc. (NASDAQ: OCCI) reported financial results for the quarter ending July 31, 2021, with a net investment income of $1.6 million ($0.26/share) and core net investment income of $3.6 million ($0.58/share). The board announced a quarterly distribution of $0.55 per share, a 2% increase from the previous quarter. The company's portfolio had an effective yield of 14.37% and net assets of approximately $94.8 million. Additionally, it raised $15.0 million via common stock sales, enhancing diversification and liquidity.

OFS Credit Company (NASDAQ: OCCI) declared a quarterly distribution of $0.55 per share, reflecting a 2% increase from the previous quarter, for the period ending October 31, 2021. Stockholders can choose to receive their distribution in cash or shares, with up to 20% paid in cash and the remainder in stock. The record date is September 13, 2021, and payment is scheduled for October 29, 2021. This distribution is aimed at strengthening the company's balance sheet and positioning for future investment opportunities.

OFS Credit Company (NASDAQ: OCCI) released a preliminary net asset value (NAV) estimate for its common stock, projected between $14.02 and $14.12 as of July 31, 2021. This estimate is unaudited and may differ significantly from the final NAV reported in the Company’s Form N-PORT. The report highlights ongoing risks posed by the COVID-19 pandemic, potentially affecting the valuation of investments, financial outcomes, and investment income. Additionally, preliminary financial data has not been reviewed by KPMG LLP, indicating heightened uncertainty in financial reporting.

OFS Credit Company (NASDAQ: OCCI) declared monthly cash distributions for its preferred stock series on August 5, 2021. The Series A will distribute $0.1432292 per share on six record dates from August 24, 2021, to January 24, 2022, with payable dates on the following days. Series B will distribute $0.1375 per share, Series C will distribute $0.1276042 per share, and Series D will pay $0.125 per share, also on a similar schedule. OFS Credit is focused on generating income through investments in CLO securities.