OFS Credit removes Series C preferred from Nasdaq
OFS Credit Company, Inc. notified Nasdaq that its 6.125% Series C Term Preferred Stock is being removed from listing and/or deregistered under Section 12(b).
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Form Type
25-NSE
Rhea-AI Filing Summary
OFS Credit Company, Inc. notified Nasdaq that its 6.125% Series C Term Preferred Stock is being removed from listing and/or deregistered under Section 12(b). Nasdaq certifies compliance with 17 CFR 240.12d2-2 and the issuer confirms compliance with the Exchange's withdrawal requirements.
Key Figures
Commission File Number: 001-38689
Series C dividend rate: 6.125%
Expiry/cover date shown: March 31, 2018
+1 more
4 metrics
Commission File Number
001-38689
Form 25 cover line
Series C dividend rate
6.125%
6.125% Series C Term Preferred Stock
Expiry/cover date shown
March 31, 2018
header expiry date
Issuer telephone
847-734-2047
issuer contact on Form 25
Key Terms
Form 25, Section 12(b), 17 CFR 240.12d2-2, withdrawal of registration
4 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Section 12(b) regulatory
"REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b)"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
withdrawal of registration regulatory
"voluntary withdrawal of the class of securities from listing and registration"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does OFS Credit's (OCCI) Form 25 mean for the 6.125% Series C Term Preferred Stock?
It means the 6.125% Series C Term Preferred Stock will be removed from Nasdaq listing or its registration withdrawn. Nasdaq and the issuer state they complied with the procedures in 17 CFR 240.12d2-2 governing delisting and voluntary withdrawal.
Who certified the delisting for OCCI's Series C preferred?
Nasdaq Stock Market LLC certified the action on its behalf. The filing states Nasdaq has reasonable grounds to believe it met filing requirements and that the Exchange complied with 17 CFR 240.12d2-2 procedures.
Does the Form 25 filing specify any proceeds or financial impact for OCCI?
No financial proceeds or impact are disclosed in the provided excerpt. The filing focuses on removal from listing and compliance with exchange and SEC rule procedural requirements.
Which regulatory rule does the Form 25 cite for removal of OCCI's security?
The filing cites 17 CFR 240.12d2-2 (subsections (a) and (c)) governing removal from listing and voluntary withdrawal of registration under Section 12(b) of the Exchange Act.
What identifier appears on the Form 25 for OFS Credit Company?
The Form 25 lists Commission File Number 001-38689 and identifies the security as the 6.125% Series C Term Preferred Stock, with issuer address and contact details included in the notice.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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