OCCIP News and Press, OFS Credit Company Inc. 6.875% Series A Term Preferred Stock From 06/05/21

We review CEF market valuation and performance over the past week and highlight recent events. The CEF market continues chugging along, delivering strong returns over the month of May. We highlight individual fund news from the previous week. For further details see: CEF...

The CEF market recovered almost entirely from a recent bump in the road due to inflation worries. We review CEF market valuation and performance over the past week and highlight recent events. We continue to favor the few remaining pockets of value in the space across a few higher...

Have you ever wished you could join an exclusive club? One million dollars is a big figure to aim for. How about income equal to a millionaire - what does that look like? For further details see: How To Retire With A Millionaire's Income

New issuance has been running apace in the small CLO CEF senior security sector. We highlight the latest preferred offering OCCIO from OCCI which will be used to refinance two other existing preferred series. Our key takeaway is that there are better choices in the sector, either ...

Nineteen out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. MLPs lead while munis lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: May 2, 2021

The question today is, should you avoid CEF IPOs? From the data we have compiled, it seems that the averages come to be quite flat and it largely depends on the circumstances of its launch. One potential way to play this could be buying on day 1 and selling after 1-month of holdin...

Nineteen out of 23 CEF sectors are positive on price and 21 out of 23 sectors positive on NAV last week. THW rights offering concludes and was undersubscribed. GUT's and CLM/CRF's rights offerings commentary. IRR will liquidate in another Saba victory, while IID was successful...

OFS Credit Company, Inc. (the “Company”) (Nasdaq: OCCI, OCCIP) today announced the pricing of an underwritten public offering of 800,000 shares of 6.125% Series C Term Preferred Stock due 2026 (the “Preferred Stock”) at a public offering price of $25.00 per s...

OFS Credit Company, Inc. (the “Company”) (Nasdaq: OCCI, OCCIP) announced today that it plans to offer shares of its Series C Term Preferred Stock (the “Preferred Stock”) in an underwritten public offering. The public offering price and other terms of the Pref...

OXLC has announced a new 6.75% baby bond - OXLCL - which will likely be used to redeem the OXLCO preferred. The new bond changes the relative value equation in the OXLC capital structure, with preferreds now looking much less attractive due to their subordination. We don't know wh...