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.
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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.