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 a net asset value (NAV) estimate for its common stock, ranging from $13.42 to $13.52 as of
OFS Credit Company, Inc. (NASDAQ: OCCI) reported a net asset value (NAV) estimate for its common stock ranging from $13.90 to $14.00 as of
OFS Credit Company, Inc. (NASDAQ: OCCI) reported its financial results for the fourth fiscal quarter and the year ending October 31, 2021. The Company achieved a net asset value per share of $14.00 and a net investment income of $2.8 million, or $0.38 per share, marking an increase from the prior quarter. Core net investment income rose to $5.1 million, or $0.69 per share. A quarterly dividend of $0.55 per share was declared, payable on January 31, 2022. Additionally, the investment portfolio's fair value stood at $149.7 million, reflecting robust performance.
OFS Credit Company (NASDAQ: OCCI) announced monthly cash distributions for its preferred stock series, effective through July 31, 2022. The distributions include $0.1375 per share for the 6.60% Series B, $0.1276042 for the 6.125% Series C, $0.125 for the 6.00% Series D, and $0.109375 for the 5.25% Series E, payable on specified dates. The company focuses on generating income and capital appreciation through investments in CLO equity and debt securities, managed by OFS Capital Management.
OFS Credit Company (NASDAQ: OCCI) announced a quarterly distribution of $0.55 per share for common stockholders, declared on December 1, 2021, and payable on January 31, 2022. The distribution will be primarily in shares, with cash limited to 20% of the total. This move aims to strengthen its balance sheet, allowing the company to seize future investment opportunities. Stockholders must submit election forms by January 18, 2022 to determine their distribution preferences.
OFS Credit Company announced a public offering of 1,220,000 shares of 5.25% Series E Term Preferred Stock due 2026, priced at $25.00 per share, raising $30.5 million in gross proceeds. With a 30-day underwriter option for an additional 180,000 shares, the net proceeds are expected to be approximately $29.3 million. The Company plans to use the funds for investment acquisitions and potential redemption of its outstanding 6.875% Series A Term Preferred Stock. The new shares are set to be listed on the Nasdaq under the symbol 'OCCIN'.
OFS Credit Company, Inc. (NASDAQ: OCCI, OCCIP, OCCIO) announced plans for an underwritten public offering of its Series E Term Preferred Stock, expected to trade on Nasdaq under the symbol 'OCCIN'. The offering price and terms will be determined through negotiations with underwriters. Proceeds will be utilized to acquire investments in line with the company's strategies and may also be used to redeem outstanding Series A Term Preferred Stock maturing in 2024. The underwriters include Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., and InspereX LLC.
OFS Credit Company, Inc. (NASDAQ: OCCI) has announced preliminary financial estimates for Q4 and the fiscal year ending October 31, 2021. Net asset value is projected between
OFS Credit Company (NASDAQ: OCCI) released an unaudited estimated NAV per share ranging from
OFS Credit Company, Inc. (NASDAQ: OCCI) announced an estimated net asset value (NAV) per share of $13.68 to $13.78 for September 30, 2021. This figure is unaudited and subject to change, with the official NAV to be reported in the upcoming Annual Report. The company cautioned that the COVID-19 pandemic poses significant risks, potentially impacting the value of its investments and future income. KPMG LLP did not audit the preliminary data, thereby not providing any assurance regarding its accuracy.
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?
