OFS Credit Company, Inc. reports recurring fund updates as a non-diversified, externally managed closed-end management investment company that primarily invests in collateralized loan obligation, or CLO, equity and debt securities. Its news commonly covers monthly unaudited NAV estimate ranges, fiscal-quarter financial results, net investment income, portfolio valuation, and board-declared common stock cash distributions.
Company updates also describe the dividend reinvestment plan for common stockholders and the role of OFS Capital Management, LLC as the registered investment adviser managing the company's investment activities.
Summary not available.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced a preliminary net asset value (NAV) estimate between $9.89 and $9.99 per share as of June 30, 2022. This estimate has not undergone standard financial procedures and is unaudited, pointing to potential discrepancies in future NAV determinations. OFS Credit acknowledges risks from ongoing factors like the COVID-19 pandemic, inflation, and geopolitical events, which may adversely affect financial performance and portfolio valuations. KPMG has not provided any assurance regarding these preliminary estimates.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced its estimated net asset value (NAV) as of May 31, 2022, ranging between $11.13 and $11.23 per share. This estimate is unaudited and not approved by the board, indicating potential discrepancies in future NAV determinations. The company cautioned that various factors, including the COVID-19 pandemic and geopolitical tensions, may adversely affect its financial condition and the value of its investments. KPMG LLP has not audited the preliminary financial data.
OFS Credit Company (NASDAQ: OCCI) reported a net investment income of $3.1 million or $0.38 per share for the quarter ending April 30, 2022, an increase from $0.33 per share in the previous quarter. Core net investment income also rose to $7.8 million or $0.97 per share. However, the company noted a decrease in net asset value per share to $12.44, alongside a significant unrealized loss of $8.8 million due to market volatility. A quarterly distribution of $0.55 per share was declared, payable on July 29, 2022. The investment portfolio's yield increased to 15.15%.
OFS Credit Company (NASDAQ: OCCI) announced a quarterly distribution of $0.55 per share for common stockholders for the quarter ending July 31, 2022. The distribution consists of 20% cash and 80% stock, with a record date of June 13, 2022 and a payment date of July 29, 2022. Additionally, monthly distributions for Series B, C, D, and E preferred stocks are scheduled through January 31, 2023. The management believes these distributions will enhance the balance sheet and prepare for future investment opportunities.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced an estimated net asset value (NAV) per share of its common stock ranging from $12.39 to $12.49 as of April 30, 2022. This unaudited estimate has not undergone standard financial closing procedures or board approval. The company warns that factors like the COVID-19 pandemic, interest rate changes, and geopolitical tensions could adversely affect its future financial performance and portfolio valuation. Final NAV will be reported in a future Semi-Annual Report.
Summary not available.
OFS Credit Company, Inc. (NASDAQ: OCCI) has released a net asset value (NAV) estimate for its common stock as of March 31, 2022, ranging from $12.38 to $12.48. This estimate is preliminary and not audited, highlighting the potential for material changes in the company's financial condition due to various risks including the COVID-19 pandemic and geopolitical tensions. The company cautions that future NAV estimates may vary significantly and will be detailed in the upcoming Semi-Annual Report due at the end of April 2022.
OFS Credit Company, Inc. (NASDAQ: OCCI) has announced an estimated net asset value (NAV) per share for February 28, 2022, ranging from $13.02 to $13.12. This preliminary estimate, which was not approved by the board, may significantly differ in future assessments. The company highlights potential risks due to the COVID-19 pandemic affecting its investments and financial health. The forward-looking statements in the release indicate uncertainty, with actual results possibly diverging from expectations.
OFS Credit Company (NASDAQ: OCCI) reported a net investment income of $2.5 million or $0.33 per share for the fiscal quarter ending January 31, 2022, down from $0.38 the previous quarter. Core net investment income increased to $6.0 million or $0.78 per share compared to $5.1 million or $0.69 per share in the prior quarter. The board declared a quarterly distribution of $0.55 per share for April 2022, with 80% paid in stock. The investment portfolio's fair value reached $167.7 million, with a weighted average yield of 14.12%. Expenses rose to $3.3 million amid increased interest costs.