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OFS Credit Company, Inc. - OCCI STOCK NEWS

Welcome to our dedicated page for OFS Credit Company news (Ticker: OCCI), a resource for investors and traders seeking the latest updates and insights on OFS Credit Company stock.

OFS Credit Company, Inc. Common Stock (symbol: OCCI) is a non-diversified, closed-end management investment company with a primary objective of generating current income and a secondary objective of capital appreciation. The company strategically invests in a variety of credit instruments, with a special focus on floating rate credit and structured credit investments.

OCCI's investment portfolio includes:

  • Collateralized Loan Obligation (CLO) debt: These are securities backed by a pool of loans, typically leveraged, which provide a dependable source of income.
  • Subordinated securities: Also known as residual or equity securities, these offer higher yields due to their junior status in the capital structure.
  • Traditional corporate credit investments: This category covers leveraged loans and high yield bonds, enhancing the portfolio's income generation capacity.
  • Opportunistic credit investments: These include stressed and distressed credit situations, providing opportunities for capital appreciation through market mispricing.
  • Long/short credit investments: These strategies aim to profit from both rising and falling credit markets by taking long and short positions.
  • Other credit-related instruments: A diversified approach to credit, including various innovative and structured products.

OFS Credit Company, Inc. is committed to maintaining a robust and diversified portfolio that balances income generation with capital appreciation. The company’s strategic approach to investment and risk management has positioned it as a significant player in the credit investment landscape. With a focus on floating rate instruments, OCCI mitigates interest rate risk, making it an attractive option for income-seeking investors.

Recent achievements and ongoing projects reflect OCCI’s dedication to growth and stable returns. The company's partnerships and expert management team work hand in hand to continuously explore and capitalize on new investment opportunities, ensuring the portfolio remains dynamic and well-balanced.

Rhea-AI Summary
OFS Credit Company, Inc. announces Q3 financial results. Net investment income of $3.8M, a decrease from the previous quarter. Core net investment income increased by $1M. Net asset value per common share decreased to $8.02. Quarterly distribution declared at $0.55 per share. Total fair value of investment portfolio is $147.1M.
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OFS Credit Company declares $0.55 per share quarterly distribution for common stockholders, to be paid in cash or shares. Cash distribution limited to 20% of total distribution, remainder in stock. Management believes distribution will strengthen balance sheet and capitalize on future opportunities.
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OFS Credit Company, Inc. has announced the results of stockholder elections for a $0.55 per common share distribution. Stockholders had the option to receive the distribution in cash or in shares of the company's common stock. The distribution is payable on July 31, 2023, and will consist of approximately $1.2 million in cash and 571,340 shares of common stock.
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OFS Credit Company, Inc. (NASDAQ: OCCI) announced an unaudited estimate of the range of their net asset value (NAV) per share as of June 30, 2023, which is between $7.64 and $7.74. The estimate is not a comprehensive statement of their financial condition and may differ from future NAV estimates. Various factors, such as interest rates, inflation rates, geopolitical tensions, and market volatility, could impact their financial condition and portfolio investments.
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FAQ

What is the current stock price of OFS Credit Company (OCCI)?

The current stock price of OFS Credit Company (OCCI) is $7.125 as of December 24, 2024.

What is the market cap of OFS Credit Company (OCCI)?

The market cap of OFS Credit Company (OCCI) is approximately 147.5M.

What is the main objective of OFS Credit Company, Inc.?

The main objective is to generate current income with a secondary focus on capital appreciation.

What types of investments does OCCI focus on?

OCCI invests in floating rate credit instruments and structured credit investments, including CLO debt, subordinated securities, leveraged loans, high yield bonds, and opportunistic credit investments.

What are collateralized loan obligations (CLOs)?

CLOs are securities backed by a pool of loans, typically leveraged, which provide a reliable income source.

What are subordinated securities?

Subordinated securities, also known as residual or equity securities, offer higher yields due to their junior status in the capital structure.

How does OCCI manage interest rate risk?

OCCI primarily invests in floating rate instruments to mitigate interest rate risk.

What are opportunistic credit investments?

Opportunistic credit investments include stressed and distressed credit situations, offering potential for capital appreciation through market mispricing.

Who manages OFS Credit Company, Inc.?

OFS Credit Company, Inc. is managed by a team of experienced professionals dedicated to strategic investment and risk management.

What makes OCCI an attractive option for investors?

OCCI’s focus on income generation through diversified credit investments and floating rate instruments makes it appealing to income-seeking investors.

How does OCCI ensure portfolio diversification?

OCCI maintains a robust and diversified portfolio by investing in various credit-related instruments and continuously exploring new opportunities.

What recent achievements has OCCI made?

OCCI has shown commitment to growth and stable returns through strategic investments, partnerships, and expert portfolio management.

OFS Credit Company, Inc.

Nasdaq:OCCI

OCCI Rankings

OCCI Stock Data

147.50M
16.46M
1.54%
4.44%
1.09%
Asset Management
Financial Services
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United States of America
Chicago