Welcome to our dedicated page for Ofs Credit Company news (Ticker: OCCI), a resource for investors and traders seeking the latest updates and insights on Ofs Credit Company stock.
OFS Credit Company Inc (OCCI) provides investors with specialized insights through its focused approach to structured credit markets. This news hub delivers timely updates on the company's strategic moves in floating rate instruments, CLO investments, and risk-managed credit portfolios.
Access essential OCCI developments including earnings reports, strategic acquisitions, and leadership updates. Our curated collection serves analysts and investors seeking to track the company's performance in evolving credit markets.
Discover press releases covering portfolio adjustments, dividend announcements, and market position analyses. All content undergoes strict verification to ensure accuracy and relevance for financial decision-making.
Bookmark this page for streamlined access to OCCI's latest corporate communications. Return regularly to stay informed about credit market strategies and income-focused investment updates from this specialized management firm.
OFS Credit Company (Nasdaq: OCCI) reported its financial results for Q2 2024 ending April 30. The company recorded a net investment income (NII) of $4.5 million ($0.28 per share), down from $4.6 million ($0.29 per share) in the previous quarter, mainly due to a decline in interest income. However, Core NII increased to $8.4 million ($0.53 per share) from $7.2 million ($0.45 per share), driven by higher recurring payments from CLO equity investments. The net asset value (NAV) per share decreased to $7.34 from $7.68, reflecting a net loss on investments. The board declared an increased monthly cash distribution of $0.105 per share for the upcoming quarter. The investment portfolio's fair value stood at $164.6 million, with an earned income yield of 14.71%. The company faced a net loss of $5.2 million due to realized and unrealized losses on investments.
OFS Credit Company (NASDAQ: OCCI) announced an estimated net asset value (NAV) per share between $7.29 and $7.39 as of April 30, 2024. This estimate is unaudited and may differ from the final NAV reported in the Semi-Annual Report on Form N-CSRS. The financial condition and the fair value of portfolio investments may be impacted by various geopolitical and economic factors, including elevated interest rates, inflation, global conflicts, banking system instability, recession risks, and potential U.S. government shutdowns. KPMG LLP has not reviewed or audited the preliminary financial data.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced a 5% increase in monthly cash distributions for common stockholders, raising the amount to $0.105 per share for the quarter ending July 31, 2024. The company focuses on investing in collateralized loan obligation (“CLO”) equity and debt securities. Additionally, the Board approved a Dividend Reinvestment Plan (DRIP) where stockholders can opt to receive distributions in shares at a 5% discount to the market price.
FAQ
What is the current stock price of Ofs Credit Company (OCCI)?
What is the market cap of Ofs Credit Company (OCCI)?
