OFS Credit Company, Inc. Reports Earnings Results for the Full Year Ended October 31, 2023
December 11, 2023 at 08:36 pm IST
Share
OFS Credit Company, Inc. reported earnings results for the full year ended October 31, 2023. For the full year, the company reported net loss was USD 1.89 million.
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.