- 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 in baby bonds which offer a stronger risk profile at the expense of potentially longer maturities.
- Alternatively, investors should consider other sector preferreds which offer a similar risk and maturity profile at higher yields.
For further details see:
OFS Credit Company: New Preferred Lacks Appeal