OFS Credit Company Declares Monthly Common Stock Cash Distributions
CHICAGO–(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 its board of directors (the “Board”) declared monthly cash distributions of $0.05 per share of common stock for each of the two months of March and April 2026.
“The revised monthly cash distribution rate of $0.05 per share of common stock aligns more closely with our projected near-term net investment income, which we believe will allow us to preserve capital and help provide stability to our net asset value,” said Bilal Rashid, Chief Executive Officer. “We believe that the retained capital will enable us to invest in potential, attractive risk-adjusted return opportunities, as well as to manage our capital structure amid current market volatility.”
The following schedule applies to the common stock (Nasdaq: OCCI) 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 |
|
March 2026 |
March 16, 2026 |
March 31, 2026 |
$0.05 |
|
April 2026 |
April 15, 2026 |
April 30, 2026 |
$0.05 |
Dividend Reinvestment Plan (“DRIP”) – DRIP Shares Issued at 95% of Market Price
Common stockholders who participate in our DRIP have the opportunity to receive a 5% discount to 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 each distribution (i.e., the payment date).
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.
About OFS Credit Company, Inc.
OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company’s primary investment objective is to generate current income, with a secondary objective to generate capital appreciation, which we seek to achieve primarily through investments 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 with additional offices in New York and Los Angeles.
Forward-Looking Statements
Statements in this press release may constitute “forward-looking statements” regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects, including statements relating to: management’s belief that the revised monthly cash distribution rate will allow the Company to preserve capital and help provide stability to its net asset value, which cannot be guaranteed; management’s belief that the additional retained capital will enable the Company to invest in potential, attractive risk-adjusted return opportunities, as well as to manage its capital structure amid current market volatility, when there can be no assurance that will occur; and other factors may constitute forward-looking statements for purposes of the safe harbor protection under applicable securities laws. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “project,” “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 interest rate and inflation rate changes, the ongoing war between Russia and Ukraine, the escalated armed conflict and heightened regional tensions in the Middle East, activity in South America, the agenda of the U.S. Presidential administration, including the impact of tariff enactment and tax reductions, trade disputes with other countries, instability in the U.S. and international banking systems, the risk of recession or the impact of the prolonged shutdown of U.S. government services and related 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.
OFS® and OFS Credit® are registered trademarks of Orchard First Source Asset Management, LLC.
OFS Capital Management™ is a trademark of Orchard First Source Asset Management, LLC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260223558092/en/
INVESTOR RELATIONS:
Steve Altebrando
847-734-2085
[email protected]
MEDIA RELATIONS:
Bill Mendel
212-397-1030
[email protected]
KEYWORDS: Illinois United States North America
INDUSTRY KEYWORDS: Professional Services Finance
MEDIA:
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