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) 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.
OFS Credit Company, Inc. (NASDAQ: OCCI) announced its net asset value (NAV) estimate for common stock as of August 31, 2021, ranging from $14.10 to $14.20. This estimate is preliminary and not subject to typical financial closing procedures. The ongoing COVID-19 pandemic introduces significant risks that could materially affect the company's investments and financial performance. The unaudited preliminary data has not been reviewed by KPMG LLP, and actual results may differ significantly when reported in the Annual Report.
OFS Credit Company, Inc. (NASDAQ: OCCI) reported financial results for the quarter ending July 31, 2021, with a net investment income of $1.6 million ($0.26/share) and core net investment income of $3.6 million ($0.58/share). The board announced a quarterly distribution of $0.55 per share, a 2% increase from the previous quarter. The company's portfolio had an effective yield of 14.37% and net assets of approximately $94.8 million. Additionally, it raised $15.0 million via common stock sales, enhancing diversification and liquidity.
OFS Credit Company (NASDAQ: OCCI) declared a quarterly distribution of
OFS Credit Company (NASDAQ: OCCI) released a preliminary net asset value (NAV) estimate for its common stock, projected between $14.02 and $14.12 as of July 31, 2021. This estimate is unaudited and may differ significantly from the final NAV reported in the Company’s Form N-PORT. The report highlights ongoing risks posed by the COVID-19 pandemic, potentially affecting the valuation of investments, financial outcomes, and investment income. Additionally, preliminary financial data has not been reviewed by KPMG LLP, indicating heightened uncertainty in financial reporting.
OFS Credit Company (NASDAQ: OCCI) declared monthly cash distributions for its preferred stock series on August 5, 2021. The Series A will distribute $0.1432292 per share on six record dates from August 24, 2021, to January 24, 2022, with payable dates on the following days. Series B will distribute $0.1375 per share, Series C will distribute $0.1276042 per share, and Series D will pay $0.125 per share, also on a similar schedule. OFS Credit is focused on generating income through investments in CLO securities.
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What are collateralized loan obligations (CLOs)?
What are subordinated securities?
How does OCCI manage interest rate risk?
What are opportunistic credit investments?
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