OFS Credit Company Inc

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The full company name is OFS Credit Co., Inc.

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of March 31, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of March 31, 2024 is between $7.42 and $7.52. This estimate is not a comprehensive statement.

OFS Credit Company Provides March 2024 Net Asset Value Update

OCCI is a Nasdaq-listed closed-end fund that primarily invests in Collateralized Loan Obligation equity and debt securities. The fund has a history of high distributions, but negative total returns on NAV over 1, 3, and 5 years. We look at the current 16% yield in context of the fund's history and current holdings.

OCCI: Income Chasing, Now With A 16% Yield

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of February 29, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of February 29, 2024 is between $7.48 and $7.58. This estimate is not a comprehensive sta.

OFS Credit Company Provides February 2024 Net Asset Value Update

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced its financial results for the fiscal quarter ended January 31, 2024. FIRST QUARTER HIGHLIGHTS Net investment income (“NII”) of $4.6 million, or $0.29 per common share, for the fiscal quarter ended January 31, 2024. This compares to NII of $5.3 millio.

OFS Credit Company Announces Financial Results for the First Fiscal Quarter 2024

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of January 31, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of January 31, 2024 is between $7.63 and $7.73. This estimate is not a comprehensive state.

OFS Credit Company Provides January 2024 Net Asset Value Update

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced that, on February 1, 2024, its board of directors (the “Board”) declared monthly cash distributions for common stockholders for each of the three months in the quarter ending April 30, 2024. The Board has also declared monthly cash distributions for.

OFS Credit Company Declares Monthly Cash Distributions on Common and Preferred Stock

Carlyle Credit Income Fund

We review CEF market valuation and performance through the third week of January and highlight recent market action. Most CEF sectors were down for the week, except for covered calls and loans, which saw small gains. CEF activists like Saba, Karpus, and Bulldog hold sizable CEF positions to push for shareholder-friendly actions and tighter discounts. We track their holdings.

CEF Weekly Review: Keeping An Eye On CEF Activists

OFS Credit Company is a small CEF that invests in CLO structures primarily associated with equity lever. Since the IPO back in 2018, OCCI has delivered relatively flat returns, where the dividend component has compensated for ~50% decline in NAV. In this article, I outline several reasons why OCCI is an inherently speculative bet and why the current dividend of 17% is not attractive enough to justify the underlying risk profile.

OCCI: 17% Yield Is Not Enough To Justify The NAV Decline Risk

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abrdn, a UK-based fund manager, has been aggressively acquiring and merging closed-end funds aka CEFs from other managers to expand its offerings. CEFs have advantages over traditional dividend-paying stocks and offer a wide range of asset types and classes.

These 7 High-Yield CEFs Reduced Distributions In 2024, Consider Buying Anyway

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Equity and fixed-income markets had another strong month in December, driven by continuing retreating risk-free Treasury rates. We even saw an improvement in the breadth of the overall market, with broader participation lifting some of the beaten-down sectors for the year. That said, closed-end fund discounts remain historically wide, and that continues to drive opportunity in the CEF wrapper.

5 Closed-End Fund Buys In The Month Of December 2023 (Plus 1 Sell)

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of December 31, 2023. Management's unaudited estimate of the range of our NAV per share of our common stock as of December 31, 2023 is between $7.61 and $7.71. This estimate is not a comprehensive sta.

OFS Credit Company Provides December 2023 Net Asset Value Update

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of November 30, 2023. Management's unaudited estimate of the range of our NAV per share of our common stock as of November 30, 2023 is between $7.58 and $7.68. This estimate is not a comprehensive sta.

OFS Credit Company Provides November 2023 Net Asset Value Update

OFS Credit Co (NASDAQ: OCCI ) just reported results for the fourth quarter of 2023. OFS Credit Co reported earnings per share of 62 cents.

OCCI Stock Earnings: OFS Credit Co Reported Results for Q4 2023

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced its financial results for the fourth fiscal quarter and fiscal year ended October 31, 2023. FOURTH QUARTER HIGHLIGHTS Net investment income (“NII”) of $5.3 million, or $0.36 per common share, for the fiscal quarter ended October 31, 2023. This compar.

OFS Credit Company Announces Financial Results for the Fourth Fiscal Quarter 2023

OFS Credit Company Inc is a collateralized loan obligation fund that focuses on CLO equity. The old stock-based distribution policy was not inherently negative. New cash-based distribution policy is better and should restore investor confidence in the fund.

OCCI: Distribution Policy Was Not Inherently Negative, But New Policy Is Better

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced that, on November 28, 2023, its board of directors (the “Board”) declared monthly all-cash distributions for common stockholders for each of the three months in the quarter ending January 31, 2024. The following schedule applies to the distributions.

OFS Credit Company Declares Monthly All-Cash Common Stock Distributions for Each of the Three Months in the Quarter Ending January 31, 2024

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of October 31, 2023. Management's unaudited estimate of the range of our NAV per share of our common stock as of October 31, 2023 is between $7.50 and $7.60. This estimate is not a comprehensive state.

OFS Credit Company Provides October 2023 Net Asset Value Update

MFS High Yield Municipal Trust

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We review CEF market valuation and performance through the third week of October and highlight recent market action. All CEF sector NAVs were down on the week, while only three sectors managed to tighten. Investor should not take CEF performance against benchmarks at face value.

CEF Weekly Review: Be Careful With CEF Benchmarks

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of September 30, 2023. Management's unaudited estimate of the range of our NAV per share of our common stock as of September 30, 2023 is between $7.69 and $7.79. This estimate is not a comprehensive s.

OFS Credit Company Provides September 2023 Net Asset Value Update

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Oxford Lane Capital Corp 6.75 % Cum Red Pfd Shs Series -2024-

Oxford Lane Capital Corp 7 1/2 % Term Cum Pfd Shs Series -2023-

We review the CLO Equity CEF sector, which got a new addition recently with CCIF. The sector's valuation has deflated recently, though most funds continue to trade at premiums. CLO Equity CEF returns have beaten nearly all other credit CEFs over the longer term; however, they lag the yields of the funds.

CLO Equity CEFs: A Round-Up Of The Highest-Yielding CEF Sector

OCCI, a small closed-end fund, has adhered to our previous thesis and lost almost 40% since then. The fund is primarily focused on CLO equity, with CLO debt making up just 14.1% of the total. OCCI's distribution yield is now at 34% and the fund is trading at a decent discount.

OCCI: 34% Yielding CLO Fund Shows Pitfalls Of Yield Chasing

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of August 31, 2023. Management's unaudited estimate of the range of our NAV per share of our common stock as of August 31, 2023 is between $8.08 and $8.18. This estimate is not a comprehensive stateme.

OFS Credit Company Provides August 2023 Net Asset Value Update

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced its financial results for the fiscal quarter ended July 31, 2023. THIRD QUARTER HIGHLIGHTS Net investment income (“NII”) of $3.8 million, or $0.34 per common share, for the fiscal quarter ended July 31, 2023. This compares to NII of $3.6 million, or.

OFS Credit Company Announces Financial Results for the Third Fiscal Quarter 2023

CHICAGO--(BUSINESS WIRE)--OFS Credit Company (NASDAQ: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced that, on September 1, 2023, its board of directors (the “Board”) declared a $0.55 per share quarterly distribution for common stockholders for the quarter ending October 31, 2023. Common Stock Distribution The distribution for common stockholders will be p.

OFS Credit Company Declares Common Stock Distributions

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of July 31, 2023. Management's unaudited estimate of the range of our NAV per share of our common stock as of July 31, 2023 is between $7.97 and $8.07. This estimate is not a comprehensive statement o.

OFS Credit Company Provides July 2023 Net Asset Value Update

News for OFS Credit Company Inc ETF (OCCI)