OFS Credit Company Provides August 2024 Net Asset Value Update
OFS Credit Company (NASDAQ: OCCI) has released its estimated net asset value (NAV) per share for August 31, 2024. The unaudited estimate ranges between $7.04 and $7.14. This estimate is preliminary and may differ from future NAV determinations, including the one for October 31, 2024, to be reported in the Annual Report on Form N-CSR.
The company primarily invests in collateralized loan obligation (CLO) equity and debt securities. Management cautions that the financial condition and results may be materially impacted by various factors, including elevated interest rates, inflation, geopolitical conflicts, and economic uncertainties. The estimate has not undergone typical quarter-end financial closing procedures and has not been reviewed or audited by KPMG LLP.
OFS Credit Company (NASDAQ: OCCI) ha pubblicato la propria stima del valore patrimoniale netto (NAV) per azione al 31 agosto 2024. La stima non verificata varia tra $7.04 e $7.14. Questa stima 猫 preliminare e potrebbe differire dalle future determinazioni del NAV, inclusa quella per il 31 ottobre 2024, che sar脿 riportata nel Rapporto Annuale in modulo N-CSR.
La societ脿 investe principalmente in equity e titoli di debito di obbligazioni garantite da prestiti (CLO). La direzione avverte che la condizione finanziaria e i risultati possono essere significativamente influenzati da vari fattori, tra cui interessi elevati, inflazione, conflitti geopolitici e incertezze economiche. La stima non ha subito le tipiche procedure di chiusura finanziaria di fine trimestre e non 猫 stata revisionata o auditata da KPMG LLP.
OFS Credit Company (NASDAQ: OCCI) ha publicado su estimaci贸n del valor neto de activos (NAV) por acci贸n al 31 de agosto de 2024. La estimaci贸n no auditada oscila entre $7.04 y $7.14. Esta estimaci贸n es preliminar y puede diferir de futuras determinaciones de NAV, incluida la de 31 de octubre de 2024, que se informar谩 en el Informe Anual en el Formulario N-CSR.
La empresa invierte principalmente en equidad y valores de deuda de obligaciones de pr茅stamos colateralizados (CLO). La gerencia advierte que las condiciones financieras y los resultados pueden verse materialmente afectados por varios factores, incluidos tasas de inter茅s elevadas, inflaci贸n, conflictos geopol铆ticos e incertidumbres econ贸micas. La estimaci贸n no ha pasado por los procedimientos t铆picos de cierre financiero de fin de trimestre y no ha sido revisada ni auditada por KPMG LLP.
OFS Credit Company (NASDAQ: OCCI)電 2024雲 8鞗 31鞚 旮办 欤茧嫻 靾 鞛愳偘 臧旃 (NAV) 於旍爼旃橂ゼ 氚滍憸頄堨姷雼堧嫟. 臧愳偓霅橃 鞎婌潃 於旍爼旃橂姅 $7.04鞐愳劀 $7.14 靷澊鞛呺媹雼. 鞚 於旍爼旃橂姅 鞓堧箘鞝侅澊氅, 2024雲 10鞗 31鞚 旮办鞚 頄ロ泟 NAV 瓴办爼瓿 彀澊臧 鞛堨潉 靾 鞛堨溂氅, 鞚措姅 N-CSR 鞏戩嫕鞚 鞐半 氤搓碃靹滌棎 氤搓碃霅 鞓堨爼鞛呺媹雼.
須岇偓電 欤茧 雼措炒攵 雽於 鞚橂 (CLO) 欤检嫕 氚 毂勲 歃濌秾鞐 韴瀽頃╇媹雼. 瓴届榿歆勳潃 鞛 靸來儨 氚 瓴瓣臣臧 雴掛潃 旮堧Μ, 鞚疙攲霠堨澊靺, 歆鞝曧暀鞝 臧堧摫 氚 瓴届牅鞝 攵堩檿鞁れ劚 霌 鞐煬 鞖旍澑鞙茧 鞚疙暣 鞁れ鞝侅溂搿 鞓來枼鞚 氚涭潉 靾 鞛堧嫟瓿 瓴疥碃頃╇媹雼. 鞚 於旍爼旃橂姅 鞝勴槙鞝侅澑 攵勱赴 毵 鞛 毵堦皭 鞝堨皑毳 瓯办箻歆 鞎婌晿鞙茧┌ KPMG LLP鞐 鞚橅暣 瓴韱犽悩瓯半倶 臧愳偓霅橃 鞎婌晿鞀惦媹雼.
OFS Credit Company (NASDAQ: OCCI) a publi茅 son estimation de la valeur nette d'actifs (NAV) par action au 31 ao没t 2024. L'estimation non v茅rifi茅e varie entre 7,04 $ et 7,14 $. Cette estimation est pr茅liminaire et pourrait diff茅rer des futures d茅terminations de la NAV, y compris celle du 31 octobre 2024, qui sera rapport茅e dans le rapport annuel au formulaire N-CSR.
La soci茅t茅 investit principalement dans des titres de dette et d'茅quit茅 des obligations de pr锚t garanties (CLO). La direction avertit que la condition financi猫re et les r茅sultats peuvent 锚tre mat茅riellement affect茅s par divers facteurs, notamment des taux d'int茅r锚t 茅lev茅s, l'inflation, des conflits g茅opolitiques et des incertitudes 茅conomiques. L'estimation n'a pas subi les proc茅dures typiques de cl么ture financi猫re de fin de trimestre et n'a pas 茅t茅 examin茅e ou audit茅e par KPMG LLP.
OFS Credit Company (NASDAQ: OCCI) hat seine Sch盲tzung des Nettoverm枚genswerts (NAV) pro Aktie zum 31. August 2024 ver枚ffentlicht. Die nicht gepr眉fte Sch盲tzung liegt zwischen 7,04 und 7,14 USD. Diese Sch盲tzung ist vorl盲ufig und k枚nnte von k眉nftigen NAV-Bestimmungen abweichen, einschlie脽lich der zum 31. Oktober 2024, die im Jahresbericht auf dem Formular N-CSR ver枚ffentlicht wird.
Das Unternehmen investiert haupts盲chlich in Eigenkapital und Schuldtitel von besicherten Darlehensverpflichtungen (CLO). Das Management warnt, dass die finanzielle Lage und die Ergebnisse durch verschiedene Faktoren wesentlich beeinflusst werden k枚nnen, einschlie脽lich hoher Zinss盲tze, Inflation, geopolitische Konflikte und wirtschaftliche Unsicherheiten. Die Sch盲tzung hat die 眉blichen finanziellen Abschlussverfahren zum Quartalsende nicht durchlaufen und wurde nicht von KPMG LLP gepr眉ft oder auditiert.
- Estimated NAV per share range of $7.04 to $7.14 as of August 31, 2024
- Potential material impacts on financial condition and results due to various economic and geopolitical factors
- Estimate did not undergo typical quarter-end financial closing procedures
- Lack of audited or reviewed financial data
Insights
OFS Credit Company's August 2024 NAV update provides a narrow range estimate of $7.04 to $7.14 per share. This tight range suggests relatively stable valuation of their CLO portfolio. However, the company's explicit caution about potential material differences in future NAV estimates raises some red flags. The mention of multiple risk factors, including interest rates, geopolitical tensions and banking instability, indicates a heightened level of uncertainty in their investment environment. It's important to note that this estimate bypassed typical financial closing procedures, which could affect its reliability. The lack of comprehensive financial data and the disclaimer regarding KPMG's non-involvement in the figures' preparation further emphasize the need for investor caution when interpreting this update.
The timing of this NAV update, coming ahead of the October 31, 2024 fiscal year-end, suggests OFS Credit is proactively managing investor expectations. The company's focus on CLO equity and debt securities exposes it to complex market dynamics, particularly in a high-interest rate environment. The mention of the 2024 U.S. presidential election as a potential risk factor is noteworthy, indicating potential market volatility around political events. The absence of comparative historical NAV data in this update limits our ability to assess performance trends. Investors should be aware that CLO valuations can be sensitive to market sentiment and liquidity conditions, which may not be fully captured in this point-in-time estimate. The company's transparent approach in highlighting potential risks is commendable, but also underscores the challenging investment landscape they're navigating.
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Management鈥檚 unaudited estimate of the range of our NAV per share of our common stock as of August 31, 2024 is between
$7.04 $7.14
Our financial condition, including the fair value of our portfolio investments, and results of operations may be materially impacted after August 31, 2024 by circumstances and events that are not yet known. To the extent our portfolio investments are adversely impacted by elevated interest and inflation rates, the ongoing war between
The preliminary financial data included in this press release has been prepared by, and is the responsibility of, OFS Credit鈥檚 management. KPMG LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, KPMG LLP does not express an opinion or any other form of assurance with respect thereto.
About OFS Credit Company, Inc.
OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company鈥檚 primary investment objective is to generate current income, with a secondary objective to generate capital appreciation, which we seek to achieve primarily through investment in CLO equity and debt securities. The Company鈥檚 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
Forward-Looking Statements
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements. Forward-looking statements can be identified by terminology such as 鈥渁nticipate鈥, 鈥渂elieve鈥, 鈥渃ould鈥, 鈥渃ould increase the likelihood鈥, 鈥渆stimate鈥, 鈥渆xpect鈥, 鈥渋ntend鈥, 鈥渋s planned鈥, 鈥渕ay鈥, 鈥渟hould鈥, 鈥渨ill鈥, 鈥渨ill enable鈥, 鈥渨ould be expected鈥, 鈥渓ook forward鈥, 鈥渕ay provide鈥, 鈥渨ould鈥 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 elevated interest and inflation rates, the ongoing war between
1 Registration does not imply a certain level of skill or training
OFS庐 and OFS Credit庐 are registered trademarks of Orchard First Source Asset Management, LLC. OFS Capital Management鈩 is a trademark of Orchard First Source Asset Management, LLC.
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INVESTOR RELATIONS:
OFS Credit Company, Inc.
Steve Altebrando
847-734-2085
investorrelations@ofscreditcompany.com
MEDIA RELATIONS:
Bill Mendel
212-397-1030
bill@mendelcommunications.com
Source: OFS Credit Company, Inc.
FAQ
What is OFS Credit Company's (OCCI) estimated NAV range as of August 31, 2024?
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Has KPMG LLP audited OFS Credit Company's (OCCI) August 2024 NAV estimate?
