OFS Credit Company Increases Monthly Common Stock Distributions

In This Article:

Preferred Stock Distributions Declared Through January 31, 2025

CHICAGO, August 02, 2024--(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 common share, a 9.5% increase from the prior monthly distribution amount of $0.105 per common share, for common stockholders for each of the three months in the quarter ending October 31, 2024. The Board has also declared monthly cash distributions for the Company’s 6.125% Series C Term Preferred Stock, 6.00% Series D Term Preferred Stock and 5.25% Series E Term Preferred Stock through January 31, 2025.

Common Stock Distributions

The following schedule applies to the distributions for common stockholders of record on the close of business of each specific record date:

Month

Record Date

Payment Date

Cash Distribution Per Share

August 2024

August 20, 2024

August 30, 2024

$0.115

September 2024

September 20, 2024

September 30, 2024

$0.115

October 2024

October 21, 2024

October 31, 2024

$0.115

 

Dividend Reinvestment Plan ("DRIP") – DRIP Shares Issued at 95% of Market Price

Our DRIP offers our common stockholders the right to receive a 5% discount to the market price on the valuation date (i.e., the payment date). Our DRIP is structured to allow our common stockholders to receive their distribution in shares based on 95% of the market price per share of common stock at the close of regular trading on The Nasdaq Capital Market on the valuation date fixed by the Board for such distribution.

Common stockholders that are interested in participating in our DRIP should contact their broker or financial intermediary.

Additional information about our DRIP and how to participate can be found at https://ir.ofscreditcompany.com/shareholder-services/dividend-reinvestment-plan. We make our website content available for informational purposes only. It should not be relied upon for investment purposes, nor is it incorporated by reference into this press release.

Preferred Stock Distributions

The following schedule applies to the 6.125% Series C Term Preferred Stock distributions for preferred stockholders of record on the close of business of each specific record date:

Month

Record Date

Payment Date

Cash Distribution Per Share

August 2024

August 20, 2024

August 30, 2024

$0.1276042

September 2024

September 20, 2024

September 30, 2024

$0.1276042

October 2024

October 21, 2024

October 31, 2024

$0.1276042

November 2024

November 19, 2024

November 29, 2024

$0.1276042

December 2024

December 20, 2024

December 31, 2024

$0.1276042

January 2025

January 21, 2025

January 31, 2025

$0.1276042

 

The following schedule applies to the 6.00% Series D Term Preferred Stock distributions for preferred stockholders of record on the close of business of each specific record date: