Welcome to our dedicated page for Ofs Credit news (Ticker: OCCI), a resource for investors and traders seeking the latest updates and insights on Ofs Credit stock.
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.
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.
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OFS Credit Company (NASDAQ: OCCI) released its unaudited net asset value (NAV) estimate for common stock as of June 30, 2021, ranging from $13.74 to $13.84. This preliminary estimate is not exhaustive and may change by the next report on Form N-PORT. Additionally, the company expressed concerns regarding the ongoing impacts of the COVID-19 pandemic, which could materially affect its investment portfolio's value and future net income. The data has not been audited by KPMG LLP, and potential risks are highlighted related to market volatility.
OFS Credit Company, Inc. (NASDAQ: OCCI) has updated its net asset value (NAV) estimate, reporting a range of $14.19 to $14.29 per share as of May 31, 2021. The company raised approximately $2.9 million through the issuance of 120,000 shares of 6.0% Series D Term Preferred Stock, priced at $24.50 each. The proceeds will be used for investments and general working capital. The press release highlights potential adverse impacts from the COVID-19 pandemic on the company's investments and financial condition, which could affect future NAV.
OFS Credit Company (NASDAQ: OCCI) reported a fiscal Q2 2021 net investment income of $1.0 million ($0.25 per share) and core net investment income of $2.9 million ($0.69 per share). The company announced a quarterly distribution of $0.54 per share, a 2% increase from the previous quarter, payable on July 30, 2021. As of April 30, 2021, the investment portfolio had a fair value of $100.4 million. Despite a slight increase in total expenses, the company benefited from a 105% total return over the past year, aided by effective CLO management and increased equity financing totaling $23.4 million.
OFS Credit Company (NASDAQ:OCCI) has declared a quarterly distribution of $0.54 per share, marking a 2% increase from the previous quarter for the period ending July 31, 2021. The distribution will consist of 20% cash and 80% stock, allowing stockholders to choose their preferred option. The record date is June 14, 2021, with a payment date set for July 30, 2021. OFS Credit aims to strengthen its balance sheet through this distribution, positioning itself for future investment opportunities.
OFS Credit Company (NASDAQ: OCCI) has announced its unaudited net asset value (NAV) estimate for April 30, 2021, projecting a range of $13.91 to $14.01 per share. This estimate is preliminary and may differ from the upcoming Semi-Annual Report. Additionally, the company acknowledges that the ongoing COVID-19 pandemic poses significant uncertainties affecting its financial performance and investment valuations. The management is responsible for this preliminary data, which has not been reviewed by KPMG LLP.
OFS Credit Company (NASDAQ:OCCI) has announced monthly cash distributions for its 6.125% Series C Term Preferred Stock through July 2021. The Board declared distributions for stockholders of record on specified dates, with payments ranging from $0.0127604 to $0.1276042 per share. Key payment dates include April 30, May 31, June 30, and July 30, 2021. OFS Credit aims to generate current income and capital appreciation primarily via CLO equity and debt investments. The company is externally managed by OFS Capital Management, LLC, based in Chicago.