OXLC - OFS Credit: The Littlest CLO Fund
This article was first released to subscribers 2 weeks ago.
Investment Thesis
OFS Credit Company (OCCI) is a newly formed CLO fund structured as a registered investment company [RIC] which is treated identically to a closed end fund [CEF]. OCCI offers investors an option to invest in CLOs [Collateralized Loan Obligations] with significantly less leverage than comparable options.
The Newcomer on the Block
OCCI attempts to offer retail investors another avenue to access the income stream provided by the equity tranche of various CLOs. OCCI started operations in October of 2018. Insiders