OFS Credit Company Declares Monthly Cash Distributions on Common and Preferred Stock

In This Article:

Amended Dividend Reinvestment Plan Permits DRIP Shares to be Issued at 95% of Market Price

CHICAGO, February 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, on February 1, 2024, its board of directors (the "Board") declared monthly cash distributions for common stockholders for each of the three months in the quarter ending April 30, 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 July 31, 2024.

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

February 2024

February 19, 2024

February 29, 2024

$0.10

March 2024

March 19, 2024

March 29, 2024

$0.10

April 2024

April 19, 2024

April 30, 2024

$0.10

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

On June 1, 2023, our Board adopted a change to our DRIP so that common stockholders may 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 (i.e., the payment date), providing a 5% discount to the market price.

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

Payable Date

Cash Distribution Per Share

February 2024

February 19, 2024

February 29, 2024

$0.1276042

March 2024

March 19, 2024

March 29, 2024

$0.1276042

April 2024

April 19, 2024

April 30, 2024

$0.1276042

May 2024

May 21, 2024

May 31, 2024

$0.1276042

June 2024

June 18, 2024

June 28, 2024

$0.1276042

July 2024

July 19, 2024

July 31, 2024

$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: