OFS Credit Company Declares Monthly Common Stock Cash Distributions

CHICAGO--(BUSINESS WIRE)--October 28, 2024-- 

OFS Credit Company, Inc. (Nasdaq: OCCI) ("OFS Credit," the "Company," "we," "us" or "our"), an investment company that primarily invests in collateralized loan obligation ("CLO") equity and debt securities, today announced that its board of directors (the "Board") declared monthly cash distributions of $0.115 per share of common stock for each of the three months in the quarter ending January 31, 2025.

The following schedule applies to the distributions for common stockholders of record on the close of business of each specific record date:

 
                                                        Cash Distribution Per 
    Month          Record Date         Payment Date             Share 
--------------  ------------------  ------------------  ---------------------- 
November 2024   November 19, 2024   November 29, 2024           $0.115 
--------------  ------------------  ------------------  ---------------------- 
December 2024   December 20, 2024   December 31, 2024           $0.115 
--------------  ------------------  ------------------  ---------------------- 
 January 2025    January 21, 2025    January 31, 2025           $0.115 
--------------  ------------------  ------------------  ---------------------- 
 

Dividend Reinvestment Plan ("DRIP") -- DRIP Shares Issued at 95% of Market Price

Our DRIP offers our common stockholders the right to receive a 5% discount to the market price on the valuation date (i.e., the payment date). Our DRIP is structured to allow our common stockholders to receive their distribution in shares based on 95% of the market price per share of common stock at the close of regular trading on The Nasdaq Capital Market on the valuation date fixed by the Board for such distribution.

Common stockholders that are interested in participating in our DRIP should contact their broker or financial intermediary.

Additional information about our DRIP and how to participate can be found at https://ir.ofscreditcompany.com/shareholder-services/dividend-reinvestment-plan. We make our website content available for informational purposes only. It should not be relied upon for investment purposes, nor is it incorporated by reference into this press release.

About OFS Credit Company, Inc.

OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company's primary investment objective is to generate current income, with a secondary objective to generate capital appreciation, which we seek to achieve primarily through investments in CLO equity and debt securities. The Company's investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 1940(1) , as amended, and headquartered in Chicago with additional offices in New York and Los Angeles.

Forward-Looking Statements

Statements in this press release may constitute "forward-looking statements" regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect, " "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in documents that may be filed by OFS Credit from time to time with the Securities and Exchange Commission, as well as interest rate changes and elevated inflation rates, the ongoing war between Russia and Ukraine, the escalated armed conflict in the Middle East, instability in the U.S. and international banking systems, uncertainties related to the 2024 U.S. presidential election and the risk of recession or a shutdown of U.S. government services and related market volatility on our business, our portfolio companies, our industry and the global economy. As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. OFS Credit is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

(1) Registration does not imply a certain level of skill or training.

OFS$(R)$ and OFS Credit(R) are registered trademarks of Orchard First Source Asset Management, LLC.

OFS Capital Management$(TM)$ is a trademark of Orchard First Source Asset Management, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241028595880/en/

 
    CONTACT:    INVESTOR RELATIONS: 

Steve Altebrando

847-734-2085

investorrelations@ofscreditcompany.com

MEDIA RELATIONS:

Bill Mendel

212-397-1030

bill@mendelcommunications.com

(END) Dow Jones Newswires

October 28, 2024 08:00 ET (12:00 GMT)