OFS Credit Company Declares Preferred Stock Distributions

By: OFS Credit Company via Business Wire

December 09, 2021 at 08:00 AM EST

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 on December 8, 2021 its Board of Directors declared monthly cash distributions on the Company’s 6.60% Series B Term Preferred Stock, 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, 2022.

The following schedule applies to the 6.60% Series B Term Preferred Stock 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, 2022	February 28, 2022	$0.1375
March 24, 2022	March 31, 2022	$0.1375
April 22, 2022	April 29, 2022	$0.1375
May 24, 2022	May 31, 2022	$0.1375
June 23, 2022	June 30, 2022	$0.1375
July 22, 2022	July 29, 2022	$0.1375

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:

Record Date	Payable Date	Distribution Per Share
February 21, 2022	February 28, 2022	$0.1276042
March 24, 2022	March 31, 2022	$0.1276042
April 22, 2022	April 29, 2022	$0.1276042
May 24, 2022	May 31, 2022	$0.1276042
June 23, 2022	June 30, 2022	$0.1276042
July 22, 2022	July 29, 2022	$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:

Record Date	Payable Date	Distribution Per Share
February 21, 2022	February 28, 2022	$0.125
March 24, 2022	March 31, 2022	$0.125
April 22, 2022	April 29, 2022	$0.125
May 24, 2022	May 31, 2022	$0.125
June 23, 2022	June 30, 2022	$0.125
July 22, 2022	July 29, 2022	$0.125

The following schedule applies to the 5.25% Series E Term Preferred Stock distributions for preferred stockholders of record on the close of business of each specific Record Date:

Record Date	Payable Date	Distribution Per Share
December 24, 2021	December 31, 2021	$0.08385416
January 24, 2022	January 31, 2022	$0.109375
February 21, 2022	February 28, 2022	$0.109375
March 24, 2022	March 31, 2022	$0.109375
April 22, 2022	April 29, 2022	$0.109375
May 24, 2022	May 31, 2022	$0.109375
June 23, 2022	June 30, 2022	$0.109375
July 22, 2022	July 29, 2022	$0.109375

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 in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, and other factors may constitute forward-looking statements. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in documents that may be filed by OFS Credit from time to time with the Securities and Exchange Commission, as well as the impact of the global COVID-19 pandemic and related changes in base interest rates, inflation rates and significant market volatility on our business, our portfolio companies, our industry and the global economy. As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. OFS Credit is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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