OCCI - OFS Credit stock falls 13% even as NAV continues to climb

OFS Credit (OCCI) drops 13% even as its estimated net asset value per share of $13.12-$13.22 at Nov. 30, increased from $11.58 at Oct. 31, 2020 and $10.94 at July 31, 2020.NAV increased ~6% in its Q4 ended Oct. 31, 2020 due to unrealized gains in fair value, primarily due to a rebound in the corporate loan market, said Chairman and CEO Bilal Rashid.Q4 core net investment income of 82 cents per share increased from 33 cents in the prior quarter.Investments appreciated ~$3.1M during the quarter, primarily due to the increase in loan prices in the broadly syndicated loan market, which underlie its CLO investments.Q4 interest income of $2.74M fell from $2.79M in Q3.Total operating expenses increased by $59K Q/Q; management fee, administrative fee, and professional and G&A expenses increased while incentive fee expense decreased.The company incurred a net decrease in net assets resulting from operations of $3.68M during its fiscal year ended

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OFS Credit stock falls 13% even as NAV continues to climb