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) 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.
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OFS Credit Company (Nasdaq: OCCI, OCCIP) has priced an underwritten public offering of 800,000 shares of its 6.125% Series C Term Preferred Stock due 2026 at $25.00 per share, raising $20.0 million in gross proceeds. The underwriters have a 30-day option to purchase an additional 120,000 shares. Net proceeds are estimated at $19.2 million, intended for investment acquisition and working capital, including potential redemption of Series A and B Preferred Stock. The shares are expected to trade on Nasdaq under symbol “OCCIO” starting within 30 days.
OFS Credit Company plans to offer shares of its Series C Term Preferred Stock in an underwritten public offering, with terms to be negotiated. The preferred stock is expected to trade on Nasdaq under the symbol 'OCCIO' within 30 days. Proceeds will be used for investments and general working capital, including the potential redemption of existing Series A and B preferred stocks. Underwriters include Ladenburg Thalmann, B. Riley Securities, National Securities, and Incapital. Investors should review the preliminary prospectus for detailed information and risks before investing.
OFS Credit Company (NASDAQ: OCCI) announced its estimated net asset value (NAV) per share of common stock as of March 31, 2021, is between $13.39 and $13.49. This estimate is unaudited and may differ from the final NAV reported on April 30, 2021. The company highlighted that the ongoing COVID-19 pandemic poses significant risks that might adversely affect its investments and overall financial condition. Management bears full responsibility for the preliminary financial data, which has not undergone independent review.
OFS Credit Company has priced its public offering of 1,025,000 shares of common stock at $14.67 per share, with an option for underwriters to purchase an additional 153,750 shares. The offering is expected to close on March 30, 2021, with net proceeds estimated at approximately $14.1 million, potentially increasing to $16.3 million if the over-allotment option is exercised. Funds will be used for investments, redeeming preferred stock, and general working capital. Joint book-running managers include National Securities Corporation and B. Riley Securities.
OFS Credit Company has initiated an underwritten public offering of its common stock, with the potential to grant underwriters an option for an additional 15% of shares sold. Proceeds from this offering will be utilized for investments, redeeming preferred stock, and general working capital. The actual terms will depend on market conditions, and the completion of the offering is not assured. National Securities Corporation and B. Riley Securities are among the joint book-running managers.
OFS Credit Company (NASDAQ: OCCI) released an unaudited net asset value (NAV) estimate for its common stock, ranging from $14.03 to $14.13 as of February 28, 2021. This estimate is subject to significant revisions in the upcoming Form N-CSR due to potential impacts from the COVID-19 pandemic. The company warns that the pandemic poses significant risks affecting investment valuations and future net income. The financial data is preliminary and has not been audited by KPMG LLP, indicating a lack of assurance regarding these figures.