Ofs Credit Company Inc Stock Price, News & Analysis

OFS Credit Company (NASDAQ: OCCI) announced a quarterly distribution of $0.55 per share for the quarter ending April 30, 2022. Stockholders can choose to receive their distribution in cash or in shares, with cash limited to 20% of the total. The declaration date was March 1, 2022, and the record date is March 15, 2022, with payment scheduled for April 29, 2022. Management believes this distribution will strengthen the balance sheet and position the company for future investment opportunities.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced its unaudited net asset value (NAV) estimate for January 31, 2022, ranging between $13.69 and $13.79 per share. This estimate is preliminary and not yet approved by the board. Management warns that the ongoing COVID-19 pandemic may adversely impact the company’s financial condition and portfolio value. Future net investment income could be affected, causing uncertainty regarding the company’s performance. KPMG LLP has not audited the preliminary data.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced a net asset value (NAV) estimate for its common stock, ranging from $13.42 to $13.52 as of December 31, 2021. This estimate is preliminary, unaudited, and may differ from future NAV determinations. The company expressed concerns regarding the impact of COVID-19 on its investments and financial condition, highlighting potential adverse effects on net investment income and portfolio valuations. The financial data provided has not been reviewed by KPMG LLP.

OFS Credit Company, Inc. (NASDAQ: OCCI) reported a net asset value (NAV) estimate for its common stock ranging from $13.90 to $14.00 as of November 30, 2021. This estimate is unaudited and does not reflect typical financial closing procedures, which may lead to significant future differences. The company acknowledged the ongoing risks posed by the COVID-19 pandemic that could adversely affect its investments and financial condition. Auditing firm KPMG LLP was not involved in the preparation of this preliminary data.

OFS Credit Company, Inc. (NASDAQ: OCCI) reported its financial results for the fourth fiscal quarter and the year ending October 31, 2021. The Company achieved a net asset value per share of $14.00 and a net investment income of $2.8 million, or $0.38 per share, marking an increase from the prior quarter. Core net investment income rose to $5.1 million, or $0.69 per share. A quarterly dividend of $0.55 per share was declared, payable on January 31, 2022. Additionally, the investment portfolio's fair value stood at $149.7 million, reflecting robust performance.

OFS Credit Company (NASDAQ: OCCI) announced monthly cash distributions for its preferred stock series, effective through July 31, 2022. The distributions include $0.1375 per share for the 6.60% Series B, $0.1276042 for the 6.125% Series C, $0.125 for the 6.00% Series D, and $0.109375 for the 5.25% Series E, payable on specified dates. The company focuses on generating income and capital appreciation through investments in CLO equity and debt securities, managed by OFS Capital Management.

OFS Credit Company (NASDAQ: OCCI) announced a quarterly distribution of $0.55 per share for common stockholders, declared on December 1, 2021, and payable on January 31, 2022. The distribution will be primarily in shares, with cash limited to 20% of the total. This move aims to strengthen its balance sheet, allowing the company to seize future investment opportunities. Stockholders must submit election forms by January 18, 2022 to determine their distribution preferences.

OFS Credit Company announced a public offering of 1,220,000 shares of 5.25% Series E Term Preferred Stock due 2026, priced at $25.00 per share, raising $30.5 million in gross proceeds. With a 30-day underwriter option for an additional 180,000 shares, the net proceeds are expected to be approximately $29.3 million. The Company plans to use the funds for investment acquisitions and potential redemption of its outstanding 6.875% Series A Term Preferred Stock. The new shares are set to be listed on the Nasdaq under the symbol 'OCCIN'.