OFS Credit Company, Inc. Declares Distribution for the Fiscal Quarter Ending April 30, 2023, Payable on April 28, 2023
April 17, 2023 at 04:00 pm EDT
Share
OFS Credit Company, Inc. announced the results of stockholder elections for the $0.55 per common share distribution declared by the Company's Board of Directors on March 1, 2023. Stockholders had until April 12, 2023, to elect whether to receive the distribution in cash (up to an aggregate maximum cash amount of 20% of the total distribution), excluding any cash paid for fractional shares, or in shares of the Company's common stock. The distribution is payable on April 28, 2023 to common stockholders of record as of March 14, 2023.
OFS Credit Company, Inc. is a non-diversified, closed-end management investment company. The Company's primary investment objective is to generate current income, with a secondary objective to generate capital appreciation. The Company seeks to invest approximately 80% of its assets, or net assets plus borrowings, in floating rate credit-based instruments and other structured credit investments, including collateralized loan obligation (CLO) debt and subordinated i.e., residual or equity securities traditional corporate credit investments, including leveraged loans and high yield bonds; opportunistic credit investments, including stressed and distressed credit situations and long/short credit investments, and other credit-related instruments. The CLOs in which it invests are collateralized by portfolios consisting primarily of below investment grade United States senior secured loans. Investment adviser of the Company is OFS Capital Management, LLC.