OFS Credit Company Announces Results of Stockholder Elections for the Distribution for the Quarter Ending July 31, 2021
The distribution will consist of approximately $0.64 million in cash and 181,961 shares of common stock, or approximately 2.8% of the Company's outstanding common stock prior to the distribution. The amount of cash elected to be received was greater than the cash limit of 20% of the aggregate distribution amount, therefore resulting in the payment of a combination of cash and stock to stockholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $14.14 per share, which equaled the volume weighted average trading price per share of the Company's common stock on the Nasdaq Capital Market on July 14, 15 and 16, 2021.
Stockholders who elected to receive the distribution solely in shares of common stock and stockholders who did not make an election will receive approximately 0.038190 shares of common stock for each share of common stock they owned on the record date of June 14, 2021. Holders of approximately 32.5% of the Company’s common stock elected to receive only stock or did not make an election.
Stockholders electing to receive the distribution in all cash will receive cash in the amount of $0.159929 per common share, or approximately 29.6% of the
Stockholders who hold their shares through a bank, broker or nominee and have questions regarding the distribution should contact their bank, broker or nominee directly.
Registered stockholders with questions regarding the distribution may call the Company's transfer agent, American Stock Transfer &
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 debt and subordinated securities. The Company's investment activities are managed by
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