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home / news releases / OCCI - OFS Credit Company Declares Preferred Stock Distributions


OCCI - OFS Credit Company Declares Preferred Stock Distributions

OFS Credit Company (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 on August 5, 2021 its Board of Directors declared monthly cash distributions on the Company’s 6.875% Series A Term Preferred Stock, 6.60% Series B Term Preferred Stock, 6.125% Series C Term Preferred Stock and 6.00% Series D Term Preferred Stock for the six months ending January 31, 2022.

The following schedule applies to the 6.875% Series A Term Preferred Stock distributions for preferred stockholders of record on the close of business of each specific Record Date:

Record Date

Payable Date

Distribution Per Share

August 24, 2021

August 31, 2021

$0.1432292

September 23, 2021

September 30, 2021

$0.1432292

October 22, 2021

October 29, 2021

$0.1432292

November 23, 2021

November 30, 2021

$0.1432292

December 24, 2021

December 31, 2021

$0.1432292

January 24, 2022

January 31, 2022

$0.1432292

The following schedule applies to the 6.60% Series B Term Preferred Stock distributions for preferred stockholders of record on the close of business of each specific Record Date:

Record Date

Payable Date

Distribution Per Share

August 24, 2021

August 31, 2021

$0.1375

September 23, 2021

September 30, 2021

$0.1375

October 22, 2021

October 29, 2021

$0.1375

November 23, 2021

November 30, 2021

$0.1375

December 24, 2021

December 31, 2021

$0.1375

January 24, 2022

January 31, 2022

$0.1375

The following schedule applies to the 6.125% Series C Term Preferred Stock distributions for preferred stockholders of record on the close of business of each specific Record Date:

Record Date

Payable Date

Distribution Per Share

August 24, 2021

August 31, 2021

$0.1276042

September 23, 2021

September 30, 2021

$0.1276042

October 22, 2021

October 29, 2021

$0.1276042

November 23, 2021

November 30, 2021

$0.1276042

December 24, 2021

December 31, 2021

$0.1276042

January 24, 2022

January 31, 2022

$0.1276042

The following schedule applies to the 6.00% Series D Term Preferred Stock distributions for preferred stockholders of record on the close of business of each specific Record Date:

Record Date

Payable Date

Distribution Per Share

August 24, 2021

August 31, 2021

$0.125

September 23, 2021

September 30, 2021

$0.125

October 22, 2021

October 29, 2021

$0.125

November 23, 2021

November 30, 2021

$0.125

December 24, 2021

December 31, 2021

$0.125

January 24, 2022

January 31, 2022

$0.125

About OFS Credit Company, Inc.

OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company’s investment objective is to generate current income, with a secondary objective to generate capital appreciation primarily through investment 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, Illinois with additional offices in New York and Los Angeles.

Forward-Looking Statements

Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, and other factors may constitute forward-looking statements. 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 the impact of the global COVID-19 pandemic and significant 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210806005063/en/

INVESTOR RELATIONS:
Steve Altebrando
646-652-8473
saltebrando@ofsmanagement.com

MEDIA RELATIONS:
Bill Mendel
212-397-1030
bill@mendelcommunications.com

Stock Information

Company Name: OFS Credit Company Inc.
Stock Symbol: OCCI
Market: NASDAQ
Website: ofscapital.com/investments/

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