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OFS Credit Company Declares Monthly Common Stock Cash Distributions

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OFS Credit Company (Nasdaq: OCCI) has announced monthly cash distributions of $0.115 per share of common stock for the quarter ending January 31, 2025. The distributions will be paid to stockholders of record on November 19, December 20, 2024, and January 21, 2025, with respective payment dates of November 29, December 31, 2024, and January 31, 2025.

The company also offers a Dividend Reinvestment Plan (DRIP) that allows common stockholders to receive shares at a 5% discount to the market price on the valuation date. The DRIP shares are issued at 95% of the market price based on Nasdaq Capital Market closing prices.

OFS Credit Company (Nasdaq: OCCI) ha annunciato distribuzioni mensili in contante di $0,115 per azione di capitale comune per il trimestre che termina il 31 gennaio 2025. Le distribuzioni saranno pagate agli azionisti registrati il 19 novembre, 20 dicembre 2024 e 21 gennaio 2025, con date di pagamento rispettive del 29 novembre, 31 dicembre 2024 e 31 gennaio 2025.

La società offre anche un Piano di Reinvestimento dei Dividendi (DRIP) che consente agli azionisti di capitale comune di ricevere azioni con uno sconto del 5% sul prezzo di mercato alla data di valutazione. Le azioni DRIP vengono emesse al 95% del prezzo di mercato basato sui prezzi di chiusura del Nasdaq Capital Market.

OFS Credit Company (Nasdaq: OCCI) ha anunciado distribuciones mensuales en efectivo de $0.115 por acción de acciones ordinarias para el trimestre que finaliza el 31 de enero de 2025. Las distribuciones se pagarán a los accionistas registrados el 19 de noviembre, 20 de diciembre de 2024 y 21 de enero de 2025, con fechas de pago respectivas del 29 de noviembre, 31 de diciembre de 2024 y 31 de enero de 2025.

La compañía también ofrece un Plan de Reinversión de Dividendos (DRIP) que permite a los accionistas de acciones ordinarias recibir acciones con un descuento del 5% sobre el precio de mercado en la fecha de valoración. Las acciones DRIP se emiten al 95% del precio de mercado basado en los precios de cierre del Nasdaq Capital Market.

OFS Credit Company (Nasdaq: OCCI)는 2025년 1월 31일 종료되는 분기 동안 보통주 1주당 $0.115의 현금 배당금을 매월 지급한다고 발표했습니다. 배당금은 2024년 11월 19일, 2024년 12월 20일, 2025년 1월 21일에 등록된 주주에게 지급되며, 각각의 지급일은 2024년 11월 29일, 2024년 12월 31일, 2025년 1월 31일입니다.

이 회사는 또한 보통주 주주가 평가 기준일의 시장 가격에서 5% 할인된 가격으로 주식을 받을 수 있는 배당금 재투자 계획(DRIP)을 제공합니다. DRIP 주식은 Nasdaq Capital Market의 종가를 기준으로 시장 가격의 95%로 발행됩니다.

La OFS Credit Company (Nasdaq: OCCI) a annoncé des distributions en espèces mensuelles de 0,115 $ par action pour les actions ordinaires pour le trimestre se terminant le 31 janvier 2025. Les distributions seront versées aux actionnaires enregistrés le 19 novembre, 20 décembre 2024 et 21 janvier 2025, avec des dates de paiement respectives du 29 novembre, 31 décembre 2024 et 31 janvier 2025.

L'entreprise propose également un Plan de Réinvestissement des Dividendes (DRIP) qui permet aux actionnaires ordinaires de recevoir des actions à un prix de marché réduit de 5 % à la date d'évaluation. Les actions DRIP sont émises à 95 % du prix de marché basé sur les prix de clôture du Nasdaq Capital Market.

Die OFS Credit Company (Nasdaq: OCCI) hat monatliche Barauszahlungen von 0,115 $ pro Stammaktie für das zum 31. Januar 2025 endende Quartal angekündigt. Die Auszahlungen werden an die am 19. November, 20. Dezember 2024 und 21. Januar 2025 registrierten Aktionäre gezahlt, mit den jeweiligen Zahlungsterminen am 29. November, 31. Dezember 2024 und 31. Januar 2025.

Das Unternehmen bietet außerdem einen Dividenden-Reinvestitionsplan (DRIP) an, der es Stammaktionären ermöglicht, Aktien mit einem Rabatt von 5 % auf den Marktpreis am Bewertungsdatum zu erhalten. Die DRIP-Aktien werden zu 95 % des Marktpreises, basierend auf den Schlusskursen des Nasdaq Capital Market, ausgegeben.

Positive
  • Consistent monthly dividend distribution of $0.115 per share
  • 5% discount offered on DRIP participation
Negative
  • None.

Insights

The monthly distribution announcement of $0.115 per share maintains OFS Credit's consistent dividend policy, representing an annualized yield of approximately 17% based on current market price. The company's strategic DRIP offering at a 5% discount to market price is a notable advantage for long-term investors, effectively allowing for compounded returns through automatic reinvestment. While the distribution remains stable, investors should note that CLO investments typically carry higher risk due to their leveraged nature and sensitivity to interest rate changes. The continuation of the current distribution level suggests management's confidence in the portfolio's ability to generate sustainable income, though careful monitoring of credit market conditions remains essential.

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 its board of directors (the “Board”) declared monthly cash distributions of $0.115 per share of common stock for each of the three months in the quarter ending January 31, 2025.

The following schedule applies to the distributions for common stockholders of record on the close of business of each specific record date:

Month

Record Date

Payment Date

Cash Distribution Per Share

November 2024

November 19, 2024

November 29, 2024

$0.115

December 2024

December 20, 2024

December 31, 2024

$0.115

January 2025

January 21, 2025

January 31, 2025

$0.115

Dividend Reinvestment Plan (“DRIP”) – DRIP Shares Issued at 95% of Market Price

Our DRIP offers our common stockholders the right to receive a 5% discount to the market price on the valuation date (i.e., the payment date). Our DRIP is structured to allow our common stockholders to receive their distribution in shares based on 95% of the market price per share of common stock at the close of regular trading on The Nasdaq Capital Market on the valuation date fixed by the Board for such distribution.

Common stockholders that are interested in participating in our DRIP should contact their broker or financial intermediary.

Additional information about our DRIP and how to participate can be found at https://ir.ofscreditcompany.com/shareholder-services/dividend-reinvestment-plan. We make our website content available for informational purposes only. It should not be relied upon for investment purposes, nor is it incorporated by reference into this press release.

About OFS Credit Company, Inc.

OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company’s primary investment objective is to generate current income, with a secondary objective to generate capital appreciation, which we seek to achieve primarily through investments in CLO equity and debt securities. The Company’s investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 19401, as amended, and headquartered in Chicago with additional offices in New York and Los Angeles.

Forward-Looking Statements

Statements in this press release may constitute “forward-looking statements” regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in documents that may be filed by OFS Credit from time to time with the Securities and Exchange Commission, as well as interest rate changes and elevated inflation rates, the ongoing war between Russia and Ukraine, the escalated armed conflict in the Middle East, instability in the U.S. and international banking systems, uncertainties related to the 2024 U.S. presidential election and the risk of recession or a shutdown of U.S. government services and related market volatility on our business, our portfolio companies, our industry and the global economy. As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. OFS Credit is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

1 Registration does not imply a certain level of skill or training.

OFS® and OFS Credit® are registered trademarks of Orchard First Source Asset Management, LLC.

OFS Capital Management™ is a trademark of Orchard First Source Asset Management, LLC.

INVESTOR RELATIONS:

Steve Altebrando

847-734-2085

investorrelations@ofscreditcompany.com

MEDIA RELATIONS:

Bill Mendel

212-397-1030

bill@mendelcommunications.com

Source: OFS Credit Company, Inc.

FAQ

What is OFS Credit Company's (OCCI) monthly dividend payment for Q4 2024?

OFS Credit Company (OCCI) declared a monthly cash distribution of $0.115 per share for each month in the quarter ending January 31, 2025.

When are OCCI's dividend payment dates for November-January 2024-2025?

The payment dates are November 29, 2024, December 31, 2024, and January 31, 2025.

What discount does OCCI offer in its Dividend Reinvestment Plan?

OCCI offers a 5% discount to the market price through its DRIP, with shares issued at 95% of the market price on the valuation date.

OFS Credit Company, Inc.

NASDAQ:OCCI

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