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 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
OFS Credit Company, Inc. (NASDAQ: OCCI) has released a net asset value (NAV) estimate for its common stock as of March 31, 2022, ranging from $12.38 to $12.48. This estimate is preliminary and not audited, highlighting the potential for material changes in the company's financial condition due to various risks including the COVID-19 pandemic and geopolitical tensions. The company cautions that future NAV estimates may vary significantly and will be detailed in the upcoming Semi-Annual Report due at the end of April 2022.
OFS Credit Company, Inc. (NASDAQ: OCCI) has announced an estimated net asset value (NAV) per share for February 28, 2022, ranging from
OFS Credit Company (NASDAQ: OCCI) reported a net investment income of $2.5 million or $0.33 per share for the fiscal quarter ending January 31, 2022, down from $0.38 the previous quarter. Core net investment income increased to $6.0 million or $0.78 per share compared to $5.1 million or $0.69 per share in the prior quarter. The board declared a quarterly distribution of $0.55 per share for April 2022, with 80% paid in stock. The investment portfolio's fair value reached $167.7 million, with a weighted average yield of 14.12%. Expenses rose to $3.3 million amid increased interest costs.
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
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
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