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) announced its unaudited net asset value (NAV) estimate as of August 31, 2022, predicting a NAV per share between $11.09 and $11.19. This estimate is subject to change and does not represent a full financial statement. Potential factors impacting future financial conditions include the COVID-19 pandemic, fluctuating interest rates, and the Russia-Ukraine conflict. The preliminary data has not been audited by KPMG, which disclaims any assurance regarding the estimates provided.
OFS Credit Company, Inc. (NASDAQ: OCCI) reported a net investment income of $3.5 million or $0.42 per share for the quarter ending July 31, 2022, up from $3.1 million or $0.38 per share in the previous quarter. However, core net investment income fell to $4.5 million, down from $7.7 million, mainly due to rising interest rates impacting CLO structures. The company declared a quarterly distribution of $0.55 per share, with total cash distributions capped at 20%. As of July 31, 2022, the investment portfolio's fair value was $147.9 million, and net asset value per share dropped to $10.61.
OFS Credit Company (NASDAQ: OCCI) announced a quarterly distribution of $0.55 per share for common stock shareholders for the quarter ending October 31, 2022. The distribution will be allocated in cash or shares, with 20% in cash and 80% in stock. The declaration date was September 1, 2022, and the record date is September 13, 2022, with payments made on October 31, 2022. Management believes this distribution will strengthen the balance sheet and prepare the company for future investment opportunities.
OFS Credit Company (NASDAQ: OCCI) reported a preliminary net asset value (NAV) estimate for its common stock as of July 31, 2022, ranging from $10.56 to $10.66. This estimate is unaudited and subject to change, pending the monthly N-PORT report. The Company cautioned that external factors such as the COVID-19 pandemic, interest rate fluctuations, and the Russia-Ukraine conflict may adversely impact its financial condition and future operations. The press release also emphasizes that the preliminary data has not been audited by KPMG LLP.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced a preliminary net asset value (NAV) estimate between $9.89 and $9.99 per share as of June 30, 2022. This estimate has not undergone standard financial procedures and is unaudited, pointing to potential discrepancies in future NAV determinations. OFS Credit acknowledges risks from ongoing factors like the COVID-19 pandemic, inflation, and geopolitical events, which may adversely affect financial performance and portfolio valuations. KPMG has not provided any assurance regarding these preliminary estimates.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced its estimated net asset value (NAV) as of May 31, 2022, ranging between
OFS Credit Company (NASDAQ: OCCI) reported a net investment income of $3.1 million or $0.38 per share for the quarter ending April 30, 2022, an increase from $0.33 per share in the previous quarter. Core net investment income also rose to $7.8 million or $0.97 per share. However, the company noted a decrease in net asset value per share to $12.44, alongside a significant unrealized loss of $8.8 million due to market volatility. A quarterly distribution of $0.55 per share was declared, payable on July 29, 2022. The investment portfolio's yield increased to 15.15%.
OFS Credit Company (NASDAQ: OCCI) announced a quarterly distribution of $0.55 per share for common stockholders for the quarter ending July 31, 2022. The distribution consists of 20% cash and 80% stock, with a record date of June 13, 2022 and a payment date of July 29, 2022. Additionally, monthly distributions for Series B, C, D, and E preferred stocks are scheduled through January 31, 2023. The management believes these distributions will enhance the balance sheet and prepare for future investment opportunities.
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?
