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.
OFS Credit Company (OCCI) announced a preliminary net asset value (NAV) estimate ranging from $8.82 to $8.92 per share as of March 31, 2023. This estimate is unaudited and not comprehensive, as it may differ from future NAV calculations, including the upcoming report for April 30, 2023. The company warned that their financial condition could be adversely affected by rising interest rates, high inflation, the ongoing conflict in Russia and Ukraine, and continuing impacts from the COVID-19 pandemic. These factors may materially impact future net investment income and the value of portfolio investments.
KPMG LLP has not audited or reviewed the preliminary data, indicating that the figures should be viewed with caution.
OFS Credit Company (NASDAQ: OCCI) announced its unaudited net asset value (NAV) estimate per share for February 28, 2023, ranging from $9.65 to $9.75. This estimate is not definitive and may differ from future NAV determinations. The company warned that factors like rising interest rates, inflation, and geopolitical events could negatively impact its financial condition and investment income. The company’s financing activities are managed by OFS Capital Management, LLC, and findings are subject to change based on market dynamics.
OFS Credit Company, Inc. (NASDAQ: OCCI) reported its financial results for the quarter ended January 31, 2023. The company posted a net investment income (NII) of $3.8 million, or $0.41 per share, down from $4.0 million, or $0.44 per share in the previous quarter. Core NII also declined to $3.6 million, primarily due to reduced CLO equity payments. The net asset value (NAV) per share increased to $10.13 from $9.98, with an investment portfolio valued at $151.1 million. The board declared a quarterly distribution of $0.55 per common share, payable on April 28, 2023.
OFS Credit Company (NASDAQ: OCCI) has declared a quarterly distribution of
OFS Credit Company (NASDAQ: OCCI) announced its unaudited net asset value (NAV) estimate per share as of January 31, 2023, ranging between $10.10 and $10.20. This estimate does not reflect the comprehensive financial results for January 2023 and may differ upon final assessment in the upcoming Form N-PORT report. The Company notes potential adverse impacts on financial condition due to rising interest rates, inflation, the ongoing Russia-Ukraine conflict, and the COVID-19 pandemic. Preliminary financial data provided is not audited by KPMG LLP, thus lacking assurance on its accuracy.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced its unaudited net asset value (NAV) estimate for December 31, 2022, ranging from
OFS Credit Company, Inc. (NASDAQ: OCCI) announced its net asset value (NAV) estimate for November 30, 2022, ranging from $10.19 to $10.29 per share. This estimate is preliminary and has not gone through standard financial closing procedures, potentially differing from future NAV estimates. The company warns that ongoing economic challenges, including the COVID-19 pandemic, rising interest and inflation rates, and geopolitical tensions, could materially impact financial conditions and investment performance moving forward.
OFS Credit Company (NASDAQ: OCCI) reported its financial results for the fourth fiscal quarter and year ending October 31, 2022. Key highlights include a net investment income of $4.0 million, or $0.44 per share, an increase from $3.5 million in the prior quarter. However, core net investment income fell by $0.7 million to $3.9 million due to cash flow declines amid rising rates. As of October 31, 2022, NAV per share decreased to $9.98 from $10.61. The company declared a $0.55 distribution per share for January 2023. Cash available for investment stood at $12.5 million.
OFS Credit Company (NASDAQ: OCCI) announced a quarterly distribution of $0.55 per share for common stockholders, effective for the quarter ending January 31, 2023. Stockholders can choose to receive distributions in cash or shares, with approximately 80% paid in stock. This distribution aims to strengthen the company’s balance sheet for future investments. Additionally, the company declared monthly cash distributions through July 31, 2023 for its Series B, C, D, and E preferred stocks, maintaining a focus on generating current income.
FAQ
What is the current stock price of OFS Credit Company (OCCI)?
What is the market cap of OFS Credit Company (OCCI)?
What is the main objective of OFS Credit Company, Inc.?
What types of investments does OCCI focus on?
What are collateralized loan obligations (CLOs)?
What are subordinated securities?
How does OCCI manage interest rate risk?
What are opportunistic credit investments?
Who manages OFS Credit Company, Inc.?
What makes OCCI an attractive option for investors?
How does OCCI ensure portfolio diversification?
What recent achievements has OCCI made?
