OFS Credit Company Increases Monthly Common Distributions And Declares Preferred Distributions

Jan 29, 2020

CHICAGO--(BUSINESS WIRE)--Jan. 29, 2020-- 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 debt securities, today announced that its Board of Directors has increased its cash distributions on shares of the Company’s common stock by approximately 4% over the prior year.

For the Company’s common stock, the Board declared three monthly cash distributions of $0.1734 per common share. The following schedule applies to the distributions for common stockholders of record on the close of business of each specific Record Date:

Record Date

Payable Date

Distribution Per Share

February 21, 2020

February 28, 2020

$0.1734

March 24, 2020

March 31, 2020

$0.1734

April 23, 2020

April 30, 2020

$0.1734

In addition, the Board of Directors has declared cash distributions on shares of the Company’s preferred stock. For the Company’s preferred stock, the Board declared three monthly cash distributions of $0.1432292 per preferred share. The following schedule applies to the distributions for preferred stockholders of record on the close of business of each specific Record Date:

Record Date

Payable Date

Distribution Per Share

February 21, 2020

February 28, 2020

$0.1432292

March 24, 2020

March 31, 2020

$0.1432292

April 23, 2020

April 30, 2020

$0.1432292

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 debt securities. The Company's investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 19401, as amended, and headquartered in Chicago, Illinois with additional offices in New York and Los Angeles.

Forward-Looking Statements

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.

1 Registration does not imply a certain level of skill or training.

Source: OFS Credit Company, Inc.

INVESTOR RELATIONS:
Steve Altebrando
646-652-8473
saltebrando@ofsmanagement.com

MEDIA RELATIONS:
Bill Mendel
212-397-1030
bill@mendelcommunications.com

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