CHICAGO--(BUSINESS WIRE)--OFS Credit Company (NASDAQ:OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and subordinated debt securities, today announced that its Board of Directors has declared cash distributions on shares of the Company’s common and preferred stock.
For the Company’s common stock, the Board declared three monthly cash distributions of $0.167 per common share. The following schedule applies to the distributions for stockholders of record on the close of business of each specific Record Date:
|Record Date||Payable Date||Distribution Per Share|
|May 24, 2019||May 31, 2019||
|June 21, 2019||June 28, 2019||$0.167|
|July 24, 2019||July 31, 2019||$0.167|
For the Company’s preferred stock, the Board declared four monthly cash distributions of $0.143 per common share. The following schedule applies to the distributions for stockholders of record on the close of business of each specific Record Date:
|Record Date||Payable Date||
Distribution Per Share
|April 23, 2019||April 30, 2019||$0.143|
|May 24, 2019||May 31, 2019||$0.143|
|June 21, 2019||June 28, 2019||$0.143|
|July 24, 2019||
July 31, 2019
About OFS Credit Company, Inc.
OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company’s investment objective is to generate current income, with a secondary objective to generate capital appreciation primarily through investment in CLO equity and subordinated debt securities. The Company's investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 1940, as amended, and headquartered in Chicago, Illinois with additional offices in New York and Los Angeles.
Statements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statements made herein.