Ofs Credit Company Inc Stock Price, News & Analysis

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.

OFS Credit Company (NASDAQ: OCCI) reported a net investment income of $3.1 million or $0.38 per share for the quarter ending April 30, 2022, an increase from $0.33 per share in the previous quarter. Core net investment income also rose to $7.8 million or $0.97 per share. However, the company noted a decrease in net asset value per share to $12.44, alongside a significant unrealized loss of $8.8 million due to market volatility. A quarterly distribution of $0.55 per share was declared, payable on July 29, 2022. The investment portfolio's yield increased to 15.15%.

OFS Credit Company (NASDAQ: OCCI) announced a quarterly distribution of $0.55 per share for common stockholders for the quarter ending July 31, 2022. The distribution consists of 20% cash and 80% stock, with a record date of June 13, 2022 and a payment date of July 29, 2022. Additionally, monthly distributions for Series B, C, D, and E preferred stocks are scheduled through January 31, 2023. The management believes these distributions will enhance the balance sheet and prepare for future investment opportunities.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced an estimated net asset value (NAV) per share of its common stock ranging from $12.39 to $12.49 as of April 30, 2022. This unaudited estimate has not undergone standard financial closing procedures or board approval. The company warns that factors like the COVID-19 pandemic, interest rate changes, and geopolitical tensions could adversely affect its future financial performance and portfolio valuation. Final NAV will be reported in a future Semi-Annual Report.