OFS Credit Company Provides September 2024 Net Asset Value Update
OFS Credit Company (Nasdaq: OCCI) has released its estimated net asset value (NAV) per share for September 30, 2024. Management's unaudited estimate places the NAV between $6.98 and $7.08 per share. The company, which primarily invests in collateralized loan obligation (CLO) equity and debt securities, emphasizes that this estimate is not a comprehensive financial statement and did not undergo typical quarter-end financial closing procedures.
OFS Credit cautions that current NAV estimates may differ materially from future determinations, including the upcoming October 31, 2024 report in their Annual Report on Form N-CSR. The company acknowledges potential impacts on its financial condition and portfolio investments due to factors such as elevated interest and inflation rates, geopolitical conflicts, banking system instabilities, and U.S. political uncertainties. These factors could materially affect future net investment income and the value of investments.
OFS Credit Company (Nasdaq: OCCI) ha pubblicato la sua stima del valore netto degli attivi (NAV) per azione al 30 settembre 2024. La stima non verificata della direzione colloca il NAV tra $6.98 e $7.08 per azione. L'azienda, che investe principalmente in titoli di debito e capitale di obbligazioni garantite da prestiti (CLO), sottolinea che questa stima non rappresenta un bilancio finanziario completo e non ha subito le consuete procedure di chiusura finanziaria di fine trimestre.
OFS Credit mette in guardia che le attuali stime del NAV potrebbero differire sostanzialmente dalle determinazioni future, compreso il rapporto del 31 ottobre 2024 nel loro Rapporto Annuale sul Modulo N-CSR. L'azienda riconosce i potenziali impatti sulla propria condizione finanziaria e sugli investimenti del portafoglio a causa di fattori come tassi d'interesse e inflazione elevati, conflitti geopolitici, instabilità del sistema bancario e incertezze politiche negli Stati Uniti. Questi fattori potrebbero influenzare in modo significativo il futuro reddito da investimenti netti e il valore degli investimenti.
OFS Credit Company (Nasdaq: OCCI) ha publicado su estimación del valor neto de los activos (NAV) por acción al 30 de septiembre de 2024. La estimación no auditada de la dirección sitúa el NAV entre $6.98 y $7.08 por acción. La empresa, que invierte principalmente en deuda y capital de obligaciones de préstamo garantizado (CLO), enfatiza que esta estimación no es un estado financiero completo y no ha pasado por los procedimientos de cierre financiero típicos de fin de trimestre.
OFS Credit advierte que las estimaciones de NAV actuales pueden diferir sustancialmente de las determinaciones futuras, incluyendo el próximo informe del 31 de octubre de 2024 en su Informe Anual en el Formulario N-CSR. La empresa reconoce los posibles impactos en su condición financiera y sus inversiones en cartera debido a factores como tasas de interés e inflación elevadas, conflictos geopolíticos, inestabilidad del sistema bancario e incertidumbres políticas en EE. UU.. Estos factores podrían afectar materialmente los ingresos netos de inversiones futuros y el valor de las inversiones.
OFS Credit Company (Nasdaq: OCCI)는 2024년 9월 30일 기준 주당 예상 순 자산 가치(NAV)를 발표했습니다. 경영진의 감사받지 않은 추정치는 NAV를 주당 $6.98에서 $7.08 사이로 설정하고 있습니다. 회사는 주로 담보부 대출 의무(CLO) 자본 및 채무 증권에 투자하며, 이 추정치는 포괄적인 재무제표가 아니며 일반적인 분기 말 재무 마감 절차를 거치지 않았음을 강조합니다.
OFS Credit는 현재의 NAV 추정치가 향후 결정과 실질적으로 다를 수 있다고 경고하며, 2024년 10월 31일에 발표될 연례 보고서 N-CSR 양식에서의 보고서를 포함합니다. 회사는 높은 이자율과 인플레이션, 지정학적 갈등, 은행 시스템의 불안정성, 미국의 정치적 불확실성 등과 같은 요인으로 인해 재무 상태와 포트폴리오 투자에 대한 잠재적인 영향을 고려하고 있음을 인정합니다. 이러한 요인은 미래의 순투자 소득 및 투자 가치에 실질적인 영향을 미칠 수 있습니다.
OFS Credit Company (Nasdaq: OCCI) a publié sa valeur nette d'inventaire estimée (NAV) par action au 30 septembre 2024. L'estimation non vérifiée de la direction place la NAV entre 6,98 $ et 7,08 $ par action. L'entreprise, qui investit principalement dans des titres de créance et des actions d'obligations de prêts adossés (CLO), souligne que cette estimation n'est pas un état financier complet et n'a pas été soumise aux procédures de clôture financière typiques de fin de trimestre.
OFS Credit avertit que les estimations actuelles de la NAV peuvent différer de manière significative des déterminations futures, y compris le rapport à venir du 31 octobre 2024 dans leur Rapport Annuel sur le Formulaire N-CSR. L'entreprise reconnaît les impacts potentiels sur sa situation financière et ses investissements de portefeuille en raison de facteurs tels que des taux d'intérêt et d'inflation élevés, des conflits géopolitiques, des instabilités du système bancaire et des incertitudes politiques aux États-Unis. Ces facteurs pourraient affecter de manière significative les futurs revenus nets d'investissement et la valeur des investissements.
Die OFS Credit Company (Nasdaq: OCCI) hat ihren geschätzten Nettoinventarwert (NAV) pro Aktie zum 30. September 2024 veröffentlicht. Die nicht geprüfte Schätzung des Managements liegt zwischen $6.98 und $7.08 pro Aktie. Das Unternehmen, das hauptsächlich in Eigenkapital und Schuldtitel von besicherten Darlehensverpflichtungen (CLO) investiert, betont, dass diese Schätzung kein umfassender Finanzbericht ist und nicht die üblichen finanziellen Abschlussverfahren am Quartalsende durchlaufen hat.
OFS Credit warnt, dass die aktuellen NAV-Schätzungen wesentlich von zukünftigen Feststellungen abweichen können, einschließlich des kommenden Berichts vom 31. Oktober 2024 in ihrem Jahresbericht auf Formular N-CSR. Das Unternehmen erkennt potenzielle Auswirkungen auf seine finanzielle Lage und seine Portfoliobestände aufgrund von Faktoren wie hochgradige Zinssätze und Inflationsraten, geopolitische Konflikte, Instabilitäten im Bankensystem und politische Unsicherheiten in den USA an. Diese Faktoren könnten die zukünftigen Nettoinvestmenterträge und den Wert der Investitionen wesentlich beeinflussen.
- Provided an estimated NAV range, indicating transparency in financial reporting
- Continued operation and reporting despite challenging market conditions
- NAV estimate did not undergo typical quarter-end financial closing procedures
- Potential for material differences in future NAV determinations
- Acknowledgment of various risk factors that could adversely impact portfolio and financial condition
-
Management’s unaudited estimate of the range of our NAV per share of our common stock as of September 30, 2024 is between
$6.98 $7.08
Our financial condition, including the fair value of our portfolio investments, and results of operations may be materially impacted after September 30, 2024 by circumstances and events that are not yet known. To the extent our portfolio investments are adversely impacted by elevated interest and inflation rates, the ongoing war between
The preliminary financial data included in this press release has been prepared by, and is the responsibility of, OFS Credit’s management. KPMG LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, KPMG LLP does not express an opinion or any other form of assurance with respect thereto.
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
Forward-Looking Statements
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements. 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 elevated interest and inflation rates, the ongoing war between
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.
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INVESTOR RELATIONS:
OFS Credit Company, Inc.
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 the estimated NAV range for OFS Credit Company (OCCI) as of September 30, 2024?
What are the main risk factors mentioned by OFS Credit Company (OCCI) that could impact its future performance?
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What type of investments does OFS Credit Company (OCCI) primarily focus on?
