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, 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.
OFS Credit Company (OCCI) reported a preliminary estimated net asset value (NAV) of its common stock ranging from $9.93 to $10.03 as of October 31, 2022. This estimate is unaudited and may differ from the final NAV, which will be disclosed in their Annual Report. The Company warns that its financial condition could be adversely affected by ongoing factors, including the COVID-19 pandemic, inflation, and geopolitical tensions, which may impact future investment income and portfolio value.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced its net asset value (NAV) estimate as of September 30, 2022, ranging from $9.94 to $10.04 per share. This estimate is preliminary and unaudited, subject to significant changes. The company cautions that its financial condition could be adversely affected by events such as the COVID-19 pandemic, inflation, and international conflicts. KPMG LLP has not provided assurance on this preliminary data. OFS Credit focuses on investing in collateralized loan obligations.
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