Ofs Credit Company Inc Stock Price, News & Analysis

OFS Credit Company (OCCI) announced a preliminary net asset value (NAV) estimate ranging from $8.82 to $8.92 per share as of March 31, 2023. This estimate is unaudited and not comprehensive, as it may differ from future NAV calculations, including the upcoming report for April 30, 2023. The company warned that their financial condition could be adversely affected by rising interest rates, high inflation, the ongoing conflict in Russia and Ukraine, and continuing impacts from the COVID-19 pandemic. These factors may materially impact future net investment income and the value of portfolio investments.

KPMG LLP has not audited or reviewed the preliminary data, indicating that the figures should be viewed with caution.

OFS Credit Company (NASDAQ: OCCI) announced its unaudited net asset value (NAV) estimate per share for February 28, 2023, ranging from $9.65 to $9.75. This estimate is not definitive and may differ from future NAV determinations. The company warned that factors like rising interest rates, inflation, and geopolitical events could negatively impact its financial condition and investment income. The company’s financing activities are managed by OFS Capital Management, LLC, and findings are subject to change based on market dynamics.

OFS Credit Company, Inc. (NASDAQ: OCCI) reported its financial results for the quarter ended January 31, 2023. The company posted a net investment income (NII) of $3.8 million, or $0.41 per share, down from $4.0 million, or $0.44 per share in the previous quarter. Core NII also declined to $3.6 million, primarily due to reduced CLO equity payments. The net asset value (NAV) per share increased to $10.13 from $9.98, with an investment portfolio valued at $151.1 million. The board declared a quarterly distribution of $0.55 per common share, payable on April 28, 2023.

OFS Credit Company (NASDAQ: OCCI) has declared a quarterly distribution of $0.55 per share for common stockholders for the quarter ending April 30, 2023. The distribution will be paid in cash or shares, with approximately 80% distributed as stock and 20% as cash. Stockholders must elect their preference by April 12, 2023. The company's management believes this distribution will help strengthen the balance sheet and position the company for future investment opportunities. The record date for this distribution is March 14, 2023, and payments are set for April 28, 2023.