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) 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.
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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.