Ofs Credit Company Inc Stock Price, News & Analysis

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.

OFS Credit Company, Inc. (NASDAQ: OCCI) reported a net investment income of $3.5 million or $0.42 per share for the quarter ending July 31, 2022, up from $3.1 million or $0.38 per share in the previous quarter. However, core net investment income fell to $4.5 million, down from $7.7 million, mainly due to rising interest rates impacting CLO structures. The company declared a quarterly distribution of $0.55 per share, with total cash distributions capped at 20%. As of July 31, 2022, the investment portfolio's fair value was $147.9 million, and net asset value per share dropped to $10.61.

OFS Credit Company (NASDAQ: OCCI) announced a quarterly distribution of $0.55 per share for common stock shareholders for the quarter ending October 31, 2022. The distribution will be allocated in cash or shares, with 20% in cash and 80% in stock. The declaration date was September 1, 2022, and the record date is September 13, 2022, with payments made on October 31, 2022. Management believes this distribution will strengthen the balance sheet and prepare the company for future investment opportunities.

OFS Credit Company (NASDAQ: OCCI) reported a preliminary net asset value (NAV) estimate for its common stock as of July 31, 2022, ranging from $10.56 to $10.66. This estimate is unaudited and subject to change, pending the monthly N-PORT report. The Company cautioned that external factors such as the COVID-19 pandemic, interest rate fluctuations, and the Russia-Ukraine conflict may adversely impact its financial condition and future operations. The press release also emphasizes that the preliminary data has not been audited by KPMG LLP.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced a preliminary net asset value (NAV) estimate between $9.89 and $9.99 per share as of June 30, 2022. This estimate has not undergone standard financial procedures and is unaudited, pointing to potential discrepancies in future NAV determinations. OFS Credit acknowledges risks from ongoing factors like the COVID-19 pandemic, inflation, and geopolitical events, which may adversely affect financial performance and portfolio valuations. KPMG has not provided any assurance regarding these preliminary estimates.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced its estimated net asset value (NAV) as of May 31, 2022, ranging between $11.13 and $11.23 per share. This estimate is unaudited and not approved by the board, indicating potential discrepancies in future NAV determinations. The company cautioned that various factors, including the COVID-19 pandemic and geopolitical tensions, may adversely affect its financial condition and the value of its investments. KPMG LLP has not audited the preliminary financial data.