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. (Nasdaq: OCCI) is a non-diversified, externally managed closed-end management investment company that primarily invests in collateralized loan obligation ("CLO") equity and debt securities. The company’s news flow focuses on its investment performance, portfolio composition, financing arrangements, and distributions to common stockholders.
News updates from OFS Credit often include announcements of financial results for fiscal quarters, highlighting net investment income (NII), Core Net Investment Income (Core NII), net asset value (NAV) per common share, and portfolio yields. The company also releases management commentary discussing factors that influenced results, such as changes in portfolio size, expenses, and cash flows from CLO equity investments.
Investors following OCCI news can also expect regular NAV updates. OFS Credit provides management’s unaudited estimates of the range of its NAV per share as of specific month-end dates, along with explanations that these estimates are preliminary and may differ from final figures reported in its regulatory filings. These NAV updates are accompanied by cautionary language about macroeconomic and geopolitical factors that could affect future NAV and investment income.
Another recurring theme in OFS Credit’s news is its distribution policy. The company issues press releases when its board of directors declares monthly cash distributions on common stock, specifying record dates, payment dates, and per-share amounts. Information about its dividend reinvestment plan (DRIP), including the availability of shares issued at a discount to market price for participating stockholders, is also included.
In addition, OFS Credit reports on significant financing and portfolio-related actions, such as entering into a Master Repurchase Agreement for CLO securities. For readers interested in CLO-focused investment companies, the OCCI news feed offers a detailed view of how the company reports its income, NAV trends, distributions, and key portfolio and financing developments over time.
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
OFS Credit Company (NASDAQ: OCCI) announced its unaudited net asset value (NAV) estimate per share as of January 31, 2023, ranging between $10.10 and $10.20. This estimate does not reflect the comprehensive financial results for January 2023 and may differ upon final assessment in the upcoming Form N-PORT report. The Company notes potential adverse impacts on financial condition due to rising interest rates, inflation, the ongoing Russia-Ukraine conflict, and the COVID-19 pandemic. Preliminary financial data provided is not audited by KPMG LLP, thus lacking assurance on its accuracy.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced its unaudited net asset value (NAV) estimate for December 31, 2022, ranging from
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.
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