OFS Credit Company, Inc. Declares Distribution for the Quarter Ending July 31, 2023, Payable on July 31, 2023
June 02, 2023 at 08:00 am EDT
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OFS Credit Company announced that, on June 1, 2023, its board of directors declared a $0.55 per share quarterly distribution for common stockholders for the quarter ending July 31, 2023. Record date is June 14, 2023. Payment date is July 31, 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.