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CHICAGO - OFS Credit Company, Inc. (NASDAQ:OCCI), an investment firm focusing on collateralized loan obligation (CLO) equity and debt securities with a market capitalization of $150 million, disclosed an estimated net asset value (NAV) per share for the end of December 2024. The company, which has delivered an impressive 25% return over the past year according to InvestingPro data, stands out with its substantial 19.2% dividend yield. The company's management provided an unaudited NAV range of $6.98 to $7.08 per share of common stock as of December 31, 2024. This preliminary financial data is a snapshot of the company's financial status and not a comprehensive statement of the month's results.
The estimate is subject to change and has not been subjected to the usual quarter-end financial closing procedures. OFS Credit cautions that the current NAV per share may significantly differ from future estimates, including the official determination for the period ending January 31, 2025, which will be detailed in the company's monthly report on Form N-PORT.
OFS Credit's financial condition and operations, including the fair value of its portfolio investments, may be materially affected by various factors beyond December 31, 2024. These factors include but are not limited to changes in interest and inflation rates, the ongoing conflict between Russia and Ukraine, policies of the new U.S. Presidential administration, including tariffs and tax reductions, heightened tensions in the Middle East, instability in banking systems, and the potential for a U.S. government shutdown and associated market volatility. Any adverse impact from these factors could significantly affect the company's future net investment income, the value of its investments, and overall financial health.
The company's investment activities are managed by OFS Capital (NASDAQ:OFS) Management, LLC, a registered investment adviser based in Chicago, with additional offices in New York and Los Angeles. InvestingPro analysis reveals the company maintains strong financial health with a current ratio of 8.94, indicating robust liquidity, and trades at a P/E ratio of 8.06.
This financial disclosure is based on information provided by OFS Credit's management and has not been audited or reviewed by KPMG LLP. Consequently, KPMG LLP does not express an opinion or provide any form of assurance regarding the preliminary financial data.
OFS Credit Company, Inc. is a non-diversified, externally managed closed-end management investment company with the primary goal of generating current income and a secondary objective of capital appreciation, mainly through CLO equity and debt securities investments. InvestingPro highlights several key strengths, including significant shareholder dividends and strong liquidity position. Subscribers can access additional insights and 12+ more exclusive ProTips about OCCI's financial outlook and market positioning.
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