Ofs Credit Company Inc Stock Price, News & Analysis

OFS Credit Company, Inc. (NASDAQ: OCCI) announced its unaudited net asset value (NAV) estimate for December 31, 2022, ranging from $9.36 to $9.46 per share. This NAV estimate is subject to change as it has not undergone the usual financial closing procedures. The company warned that future NAV estimates could significantly differ due to unknown circumstances affecting portfolio investments, especially those related to rising interest rates, high inflation, geopolitical tensions from the Russia-Ukraine conflict, and the ongoing COVID-19 pandemic. The management stresses the importance of monitoring these factors on the company’s financial health.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced its net asset value (NAV) estimate for November 30, 2022, ranging from $10.19 to $10.29 per share. This estimate is preliminary and has not gone through standard financial closing procedures, potentially differing from future NAV estimates. The company warns that ongoing economic challenges, including the COVID-19 pandemic, rising interest and inflation rates, and geopolitical tensions, could materially impact financial conditions and investment performance moving forward.

OFS Credit Company (NASDAQ: OCCI) reported its financial results for the fourth fiscal quarter and year ending October 31, 2022. Key highlights include a net investment income of $4.0 million, or $0.44 per share, an increase from $3.5 million in the prior quarter. However, core net investment income fell by $0.7 million to $3.9 million due to cash flow declines amid rising rates. As of October 31, 2022, NAV per share decreased to $9.98 from $10.61. The company declared a $0.55 distribution per share for January 2023. Cash available for investment stood at $12.5 million.

OFS Credit Company (NASDAQ: OCCI) announced a quarterly distribution of $0.55 per share for common stockholders, effective for the quarter ending January 31, 2023. Stockholders can choose to receive distributions in cash or shares, with approximately 80% paid in stock. This distribution aims to strengthen the company’s balance sheet for future investments. Additionally, the company declared monthly cash distributions through July 31, 2023 for its Series B, C, D, and E preferred stocks, maintaining a focus on generating current income.

OFS Credit Company (OCCI) reported a preliminary estimated net asset value (NAV) of its common stock ranging from $9.93 to $10.03 as of October 31, 2022. This estimate is unaudited and may differ from the final NAV, which will be disclosed in their Annual Report. The Company warns that its financial condition could be adversely affected by ongoing factors, including the COVID-19 pandemic, inflation, and geopolitical tensions, which may impact future investment income and portfolio value.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced its net asset value (NAV) estimate as of September 30, 2022, ranging from $9.94 to $10.04 per share. This estimate is preliminary and unaudited, subject to significant changes. The company cautions that its financial condition could be adversely affected by events such as the COVID-19 pandemic, inflation, and international conflicts. KPMG LLP has not provided assurance on this preliminary data. OFS Credit focuses on investing in collateralized loan obligations.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced its unaudited net asset value (NAV) estimate as of August 31, 2022, predicting a NAV per share between $11.09 and $11.19. This estimate is subject to change and does not represent a full financial statement. Potential factors impacting future financial conditions include the COVID-19 pandemic, fluctuating interest rates, and the Russia-Ukraine conflict. The preliminary data has not been audited by KPMG, which disclaims any assurance regarding the estimates provided.