| OFS Credit Company Announces Preliminary Estimates of Certain Financial Results for its Second Fiscal Quarter 2025 |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced preliminary estimates of certain financial results for the fiscal quarter ended April 30, 2025. PRELIMINARY ESTIMATES OF CERTAIN FINANCIAL RESULTS Management's unaudited estimate of the range of our net asset value per share of our common stock at Ap. |
businesswire.com |
2025-05-15 21:00:00 |
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| It's Raining CLO Equity CEFs And Why We Got Longer |
The CLO Equity CEF sector has doubled in size over the past two years, driven by new entrants and favorable market conditions. Key catalysts include a benign default environment, tightening credit spreads, and the attractiveness of floating-rate assets amid a flat/inverted yield curve. CLO Equity funds benefit from embedded options like reinvestment and call options, which enhance returns during periods of market volatility. |
seekingalpha.com |
2025-05-08 10:42:54 |
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| OCCI: Income Investors Should Seriously Consider CLO Equity Despite Perceived Risk |
Despite market volatility, CLO equity tranches offer high-yield income and portfolio diversification with relatively low risk, making them a compelling investment option. OFS Credit Company Inc. is recommended for its strong distribution coverage, stable NAV, and recent low-cost investments in new CLOs. Active management in CLOs allows for portfolio adjustments during economic downturns, potentially outperforming other asset classes in a recession. |
seekingalpha.com |
2025-04-30 15:55:57 |
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| CEF Weekly Review: CLO CEFs' NAVs Take It On The Chin In March |
We review the CEF market valuation and performance through the third week of April and highlight recent market action. Nearly all CEF sectors finished in the green this week, though month-to-date performance remains underwater. The median CEF sector discount has bounced off the trough, trading near the longer-term historical average, recovering close to half its April drawdown. |
seekingalpha.com |
2025-04-27 02:36:53 |
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| Weekly Closed-End Fund Roundup: CUBA Jumping On CLO Bandwagon (April 13, 2025) |
10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offering. |
seekingalpha.com |
2025-04-23 16:47:53 |
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| OFS Credit Company Provides March 2025 Net Asset Value Update |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of March 31, 2025. Management's unaudited estimate of the range of our NAV per share of our common stock as of March 31, 2025 is between $6.57 and $6.67. This estimate is not a comprehensive statement. |
businesswire.com |
2025-04-15 21:00:00 |
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| OCCIM & OCCIN: Puppies Of A Lesser Dog |
Our previous articles on OCCI have consistently held a bearish view due to its history of value destruction. The fund has recently hit new lows, comparable to the depths of the COVID-19 market crash. We look at the secondary securities, or puppies as we like to call them. |
seekingalpha.com |
2025-03-28 13:09:26 |
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| Why CLO Equity Could Be In For More Pain Ahead (And How To Navigate It) |
CLO equity prices are facing pressure from rising risks and default expectations. CLO equity is still generating strong cash flows for patient investors. Our CEF rotation strategy can deliver alpha during volatile market conditions. |
seekingalpha.com |
2025-03-27 16:54:01 |
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| Closed-End Funds: Seeking Stable Yields From CLO Baby Bonds And Preferred |
Collateralized loan obligation CEFs offer high yields but come with significant leverage, volatility and higher risk, making them less appropriate for all income investors. Baby bonds and preferred offerings from CLO CEFs provide safer, more stable income, balancing risk-reward when it comes to seeking income. We have new offerings in the space since our last update, leading to greater diversification potential and increasing the viability of setting up a ladder of maturities. |
seekingalpha.com |
2025-03-20 13:17:06 |
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| ECC, OCCI Or Neither Of Them: A Pairs Trade For 2 CEFs |
I'm currently favoring low-duration debt from CLO CEFs, hedging by shorting overvalued CEFs, and recently initiated a pair trade: Long ECC, short OCCI. ECC's high non-leverage expenses and lower asset yield make it less attractive, despite its larger size and historical outperformance compared to OCCI. OCCI, though smaller, boasts a higher asset yield but also higher non-leverage expenses, with no historical alpha generation. |
seekingalpha.com |
2025-03-18 21:45:20 |
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| OFS Credit Company Provides February 2025 Net Asset Value Update |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of February 28, 2025. Management's unaudited estimate of the range of our NAV per share of our common stock as of February 28, 2025 is between $6.75 and $6.85. This estimate is not a comprehensive sta. |
businesswire.com |
2025-03-14 18:00:00 |
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| OFS Credit: Proving To Be Resilient, But Cracks Are Forming (Rating Downgrade) |
OFS Credit Company Inc offers a high dividend yield of 19.5%, making it attractive for income-focused investors despite a modest 0.6% price decline. The fund's NAV is deteriorating due to net realized losses in its CLO equity investments, raising concerns about long-term sustainability. Elevated interest rates pose risks, and the outlook for rate cuts has become less favorable, impacting OCCI's future performance. |
seekingalpha.com |
2025-03-07 16:15:50 |
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| OFS Credit Company Announces Financial Results for the First Fiscal Quarter 2025 |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced its financial results for the fiscal quarter ended January 31, 2025. FIRST QUARTER HIGHLIGHTS Net investment income (“NII”) of $5.2 million, or $0.23 per common share, for the fiscal quarter ended January 31, 2025. This compares to NII of $4.5 millio. |
businesswire.com |
2025-03-07 10:00:00 |
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| The Tide Is Changing, Be Prepared With CLOs To Keep The Income Streaming In |
The Magnificent Seven stocks led a bull run from late 2022 to 2024, but 2025's market correction reveals vulnerabilities, offering opportunities in high-yield CLO equity funds. CLO equity funds, like SPMC, CCIF, and OCCI, provide high-yield income uncorrelated to stock market performance, making them attractive during market downturns. SPMC, new in 2024, has increased distributions thrice, showing strong performance and resilience, yielding about 14% despite broader market selloffs. |
seekingalpha.com |
2025-03-05 10:56:18 |
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| CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains |
We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year. |
seekingalpha.com |
2025-02-15 09:32:29 |
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| OFS Credit Company Provides January 2025 Net Asset Value Update |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of January 31, 2025. Management's unaudited estimate of the range of our NAV per share of our common stock as of January 31, 2025 is between $6.95 and $7.05. This estimate is not a comprehensive state. |
businesswire.com |
2025-02-14 18:30:00 |
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| CEF Weekly Review: CLO Equity CEFs Put Up Varying Performance |
We review the CEF market valuation and performance through the last week of January and highlight recent market action. CEFs had a mixed week, with Municipal sectors outperforming due to a drop in Treasury yields; January reversed nearly all December CEF losses. CLO Equity CEFs showed varied returns with EIC exhibiting unusual returns. |
seekingalpha.com |
2025-02-08 10:54:05 |
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| Yield Hunting (Part 3): 8.5% In 2 Years From OCCI Preferred Stock OCCIN |
The yield curve is normalizing, and we aim for 8%+ yields with low downside deviation in our low-duration portfolio. OCCI has higher leverage and worse credit metrics compared to ECC and OXLC, but its preferred stock, OCCIN, offers an 8.5% YTM. Despite OCCI's lower credibility, OCCIN's low duration and yield make it a viable addition for diversification in our low-duration portfolio. |
seekingalpha.com |
2025-01-23 13:00:00 |
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| Two 10%+ Yields For Durable Passive Income (One Is My Favorite Pick) |
Two 10%+ Yields For Durable Passive Income (One Is My Favorite Pick) |
seekingalpha.com |
2025-01-19 11:15:00 |
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| OFS Credit Company Declares Monthly Common Stock Cash Distributions |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced that its board of directors (the “Board”) declared monthly cash distributions of $0.115 per share of common stock for each of the three months in the quarter ending April 30, 2025. The Board has also declared monthly cash distributions for the Compan. |
businesswire.com |
2025-01-17 10:00:00 |
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| OFS Credit Company Provides December 2024 Net Asset Value Update |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of December 31, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of December 31, 2024 is between $6.98 and $7.08. This estimate is not a comprehensive sta. |
businesswire.com |
2025-01-15 18:00:00 |
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| OFS Credit Company Provides November 2024 Net Asset Value Update |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of November 30, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of November 30, 2024 is between $7.03 and $7.13. This estimate is not a comprehensive sta. |
businesswire.com |
2024-12-13 20:16:00 |
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| OFS Credit Company Provides October 2024 Net Asset Value Update |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of October 31, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of October 31, 2024 is between $7.13 and $7.23. This estimate is not a comprehensive state. |
businesswire.com |
2024-11-15 18:00:00 |
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| OFS Credit Company Declares Monthly Common Stock Cash Distributions |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced that its board of directors (the “Board”) declared monthly cash distributions of $0.115 per share of common stock for each of the three months in the quarter ending January 31, 2025. The following schedule applies to the distributions for common stoc. |
businesswire.com |
2024-10-28 10:00:00 |
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| OFS Credit Company Provides September 2024 Net Asset Value Update |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of September 30, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of September 30, 2024 is between $6.98 and $7.08. This estimate is not a comprehensive s. |
businesswire.com |
2024-10-15 20:00:00 |
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| Preferreds Weekly Review: Embedded Options And Redemption Likelihood |
We take a look at the action in preferreds and baby bonds through the first week of October and highlight some of the key themes we are watching. Preferred stocks saw slight declines as Treasury yields rose, but year-to-date returns remain strong, outperforming REITs and BDCs. Lower-priced preferreds offer better capital gain potential and are more attractive due to lower negative convexity compared to higher-priced counterparts. |
seekingalpha.com |
2024-10-13 10:35:00 |
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| Preferreds Weekly Review: Standard Chartered Is Suing Shareholders Blocking Libor Transition |
We take a look at the action in preferreds and baby bonds through the fourth week of September and highlight some of the key themes we are watching. Preferred stocks were on the week with credit spreads near their tightest level in over five years. Standard Chartered's lawsuit over transitioning from Libor to SOFR highlights opportunistic investor resistance due to differing crisis dynamics between the rates. |
seekingalpha.com |
2024-10-07 01:35:44 |
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| New Preferred Stock And Exchange Traded Debt IPOs, September 2024 |
Hewlett Packard Enterprise, NewtekOne, Great Elm Capital, and OFS Credit Company have all priced new offerings, including convertible preferred stock and exchange-traded notes, with varying terms and yields. Investors can purchase newly introduced preferred stock at wholesale prices on the OTC, potentially avoiding capital loss if prices drop. CDx3 tracks past preferred stock and ETD offerings, providing alerts when securities fall below par value, offering insights into discounted investment opportunities. |
seekingalpha.com |
2024-10-02 12:27:32 |
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| OCCI: A Look At New 7.87% Preferreds From This CLO Fund |
OFS Credit Company has historically underperformed, with poor risk-adjusted returns. We examine why the fund has done so well over the last six months. We go over the recently issued preferred shares and tell you where you can do much better with lower risk. |
seekingalpha.com |
2024-09-30 17:19:58 |
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| OFS Credit Company, Inc. Prices Preferred Stock Offering |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (the “Company”) (Nasdaq: OCCI, OCCIN, OCCIO) today announced the pricing of an underwritten public offering of 1,040,000 shares of 7.875% Series F Term Preferred Stock due 2029 (the “Preferred Stock”) at a public offering price of $25.00 per share, raising $26.0 million in gross proceeds. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 156,000 shares of Preferred Stock on the same terms and. |
businesswire.com |
2024-09-25 00:15:00 |
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| OFS Credit Company, Inc. Commences Preferred Stock Offering |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (the “Company”) (Nasdaq: OCCI, OCCIN, OCCIO) announced today that it plans to offer shares of its Series F Term Preferred Stock (the “Preferred Stock”) in an underwritten public offering. The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Company has applied to list the Preferred Stock on the Nasdaq Capital Market under the trading symbol “OCCIM”. T. |
businesswire.com |
2024-09-24 12:21:00 |
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| OCCI: Reaping Benefits From Improving CLO Conditions |
OCCI offers a high dividend yield of 18.6%, making it appealing for income investors despite its 60.7% price decline since inception. The fund's portfolio focuses on CLO equity and debt, benefiting from interest rate cuts but sensitive to rate hikes. OCCI's distribution is well-covered by net investment income, ensuring stability and potential growth through reinvestment and a 5% DRIP discount. |
seekingalpha.com |
2024-09-08 15:25:43 |
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| CEF Weekly Review: PCF Tries To Get Shareholders To Care |
We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs were mixed, with MLP funds recovering while REIT funds struggled. The CEF, High Income Securities Fund, is implementing a novel strategy to get its initiatives approved by shareholders. |
seekingalpha.com |
2024-08-18 13:31:44 |
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| 3 Under-$10 Dividend Stocks With Buy Ratings That Wall Street Loves |
I've always been enthusiastic about the power of dividend stocks to generate wealth over time. You might be surprised to learn that some of the most promising opportunities come with price tags under $10 per share. |
investorplace.com |
2024-08-14 10:03:00 |
Czytaj oryginał (ang.) |
| CLO Funds Offer Compelling Income Investment Opportunities With Up To 20% Yields |
The largest holdings in my Income Compounder portfolio include CLO CEFs OXLC, ECC, OCCI, and CCIF. CLOs have grown into a $1.2 trillion asset class, offering attractive equity tranches with double-digit returns and bond-like cash flow. OCCI and OXLC offer high monthly distributions, with OXLC reporting strong core NII exceeding distributions and potential for further increases. |
seekingalpha.com |
2024-08-07 20:59:58 |
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| OFS Credit Company Provides June 2024 Net Asset Value Update |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of June 30, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of June 30, 2024 is between $7.15 and $7.25. This estimate is not a comprehensive statement o. |
businesswire.com |
2024-07-15 20:00:00 |
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| 5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024 |
June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month. |
seekingalpha.com |
2024-07-14 05:35:01 |
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| CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income |
Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations under the 1940 Act, limiting leverage and that can provide more security to these instruments. New offerings since our last update include EICC and CCIA, which naturally came with higher issued yields thanks to the higher rate environment. |
seekingalpha.com |
2024-06-28 14:20:49 |
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| OCCI: 17% Yield And Your Chance To Switch To Preferreds |
OCCI remains one of the worst performing funds in its category, lagging behind competitors in total return NAV. Recent performance improvements due to discount to NAV evaporating. The preferreds offer a better opportunity and a safer yield. |
seekingalpha.com |
2024-06-24 16:16:09 |
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| OFS Credit Company Provides May 2024 Net Asset Value Update |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of May 31, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of May 31, 2024 is between $7.35 and $7.45. This estimate is not a comprehensive statement of. |
businesswire.com |
2024-06-12 21:00:00 |
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| OFS Credit Company Announces Financial Results for the Second Fiscal Quarter 2024 |
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced its financial results for the fiscal quarter ended April 30, 2024. SECOND QUARTER HIGHLIGHTS Net investment income (“NII”) of $4.5 million, or $0.28 per common share, for the fiscal quarter ended April 30, 2024. This compares to NII of $4.6 million,. |
businesswire.com |
2024-06-11 12:00:00 |
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