Ofs Credit Company Inc Stock Price, News & Analysis

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'.

OFS Credit Company, Inc. (NASDAQ: OCCI, OCCIP, OCCIO) announced plans for an underwritten public offering of its Series E Term Preferred Stock, expected to trade on Nasdaq under the symbol 'OCCIN'. The offering price and terms will be determined through negotiations with underwriters. Proceeds will be utilized to acquire investments in line with the company's strategies and may also be used to redeem outstanding Series A Term Preferred Stock maturing in 2024. The underwriters include Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., and InspereX LLC.

OFS Credit Company, Inc. (NASDAQ: OCCI) has announced preliminary financial estimates for Q4 and the fiscal year ending October 31, 2021. Net asset value is projected between $13.95 and $14.05 per share. Net investment income is expected to be between $0.37 and $0.39 per share, an increase from $0.26 in Q3. Core net investment income is estimated to range from $0.68 to $0.70 per share. As of October 31, the company had $15.0 million in cash available.

OFS Credit Company (NASDAQ: OCCI) released an unaudited estimated NAV per share ranging from $13.95 to $14.05 for its common stock as of October 31, 2021. This estimate has not been approved by the board and may differ in the upcoming Annual Report on Form N-CSR. The company warns that the ongoing COVID-19 pandemic may materially impact its investments and financial condition. KPMG LLP did not audit the preliminary data provided in the release, indicating that it should not be regarded as conclusive.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced an estimated net asset value (NAV) per share of $13.68 to $13.78 for September 30, 2021. This figure is unaudited and subject to change, with the official NAV to be reported in the upcoming Annual Report. The company cautioned that the COVID-19 pandemic poses significant risks, potentially impacting the value of its investments and future income. KPMG LLP did not audit the preliminary data, thereby not providing any assurance regarding its accuracy.

OFS Credit Company, Inc. (NASDAQ: OCCI) announced its net asset value (NAV) estimate for common stock as of August 31, 2021, ranging from $14.10 to $14.20. This estimate is preliminary and not subject to typical financial closing procedures. The ongoing COVID-19 pandemic introduces significant risks that could materially affect the company's investments and financial performance. The unaudited preliminary data has not been reviewed by KPMG LLP, and actual results may differ significantly when reported in the Annual Report.

OFS Credit Company, Inc. (NASDAQ: OCCI) reported financial results for the quarter ending July 31, 2021, with a net investment income of $1.6 million ($0.26/share) and core net investment income of $3.6 million ($0.58/share). The board announced a quarterly distribution of $0.55 per share, a 2% increase from the previous quarter. The company's portfolio had an effective yield of 14.37% and net assets of approximately $94.8 million. Additionally, it raised $15.0 million via common stock sales, enhancing diversification and liquidity.

OFS Credit Company (NASDAQ: OCCI) declared a quarterly distribution of $0.55 per share, reflecting a 2% increase from the previous quarter, for the period ending October 31, 2021. Stockholders can choose to receive their distribution in cash or shares, with up to 20% paid in cash and the remainder in stock. The record date is September 13, 2021, and payment is scheduled for October 29, 2021. This distribution is aimed at strengthening the company's balance sheet and positioning for future investment opportunities.