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.
Summary not available.
OFS Credit Company (NASDAQ: OCCI) announced an estimated net asset value (NAV) per share of $13.44 to $13.54 as of December 31, 2020. This figure is unaudited and may significantly differ from future reports. The ongoing COVID-19 pandemic poses considerable risks, potentially impacting investment valuations and future net investment income. Management is responsible for the preliminary data, which has not been audited by KPMG LLP, and the company risks material adverse effects from the pandemic on its financial health.
OFS Credit Company (NASDAQ: OCCI) announced its unaudited net asset value (NAV) estimate as of November 30, 2020, ranging from $13.12 to $13.22. This figure is provisional and may not reflect the company's actual financial condition upon full reporting. The COVID-19 pandemic poses ongoing risks and uncertainties that could materially impact the valuation of the company’s investments and overall financial performance. The preliminary data has not been audited, and there could be substantial differences in the NAV reported in future filings.
OFS Credit Company (NASDAQ: OCCI) reported its financial results for the fiscal quarter ending October 31, 2020, with a net investment income of $1.2 million, or $0.35 per share. Core net investment income rose to $2.8 million, reflecting strong cash flow from CLOs due to low LIBOR rates. The company declared a distribution of $0.52 per share for Q1 2021, with an annualized rate of $2.08. The net asset value increased to $11.58 per share, up from $10.94. Total expenses increased slightly, while investments appreciated by approximately $3.1 million, mainly due to rising loan prices.
OFS Credit Company (NASDAQ: OCCI) announced an estimated net asset value (NAV) of $11.53 to $11.63 per share as of October 31, 2020. The company raised approximately $2.9 million by issuing 120,000 shares of its 6.60% Series B Term Preferred Stock due November 19, 2023. The proceeds will be directed towards new investments and general working capital. The ongoing COVID-19 pandemic poses significant risks and uncertainties which may adversely affect the company's financial performance and the valuation of its investments.
Summary not available.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced an estimated net asset value (NAV) per share for September 30, 2020, ranging from $11.09 to $11.19. This estimate has not been audited and may significantly differ from the results reported in the upcoming Form N-CSR. The company cautioned that the ongoing COVID-19 pandemic poses uncertainty and risks that could negatively impact its financial performance and portfolio valuations. The preliminary financial data is solely the responsibility of management and has not been reviewed by KPMG LLP.