CHICAGO–(BUSINESS WIRE)–OFS Credit Company, Inc. (NASDAQ:OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that invests primarily in bonds of Collateralized Loan (“CLO”), Equity and Debt Securities, today announced the following estimate of Net Asset Value (“NAV”) as of August 31, 2022.
Management’s unaudited estimate of the range of our net asset value per share of our common stock as of August 31, 2022 is between $11.09 and $11.19. This estimate is not a complete statement of our financial position or results for the month ended August 31, 2022. This estimate has not been subject to the Company’s typical quarter-end financial closing procedures. We advise you that current estimates of our net asset value per share may differ materially from future estimates or determinations of net asset value, including the determination for the period ending October 31, 2022, which will be reported in our annual report on Form N -CSR.
Our financial condition, including the fair value of our portfolio investments, and our results of operations could be materially affected after August 31, 2022 by circumstances and events that are not yet known. To the extent our portfolio investments are affected by the COVID-19 pandemic, changes in base interest rates and inflation, the ongoing conflict between Russia and Ukraine or other factors, we could experience a material adverse effect on our future net investment income. , the underlying value of our investments, our financial condition and the financial condition of our portfolio investments.
The preliminary financial data included in this press release has been prepared by and is the responsibility of the management of OFS Credit. KPMG LLP has not audited, reviewed, compiled or applied agreed procedures with respect to preliminary financial data. Accordingly, KPMG LLP expresses no opinion or other form of assurance in this regard.
About OFS Credit Company, Inc.
OFS Credit is an externally managed, non-diversified, closed-end investment company. The investment objective of the Company is to generate current income, with a secondary objective of generating capital appreciation primarily through investment in CLO debt and subordinated securities. The investment activities of the Company are managed by OFS Capital Management, LLC, a registered investment adviser under the Investment Advisers Act of 1940.1as amended, and headquartered in Chicago, Illinois, with additional offices in New York and Los Angeles.
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 words such as “anticipate”, “believe”, “could”, “could increase the likelihood”, “estimate”, “expect”, “intend”, ” is expected”, “may”, “should”, “shall”, “will”, “would be expected”, “looks forward to”, “could provide”, “would” or similar terms, variations of these terms or the negative of these terms. These forward-looking statements involve known and unknown risks, uncertainties and other factors, including the risks, uncertainties and factors discussed in documents which may be filed by OFS Credit from time to time with the Securities and Exchange Commission, as well as that the impact of the COVID-19 pandemic, changes in base interest and inflation rates, the ongoing conflict between Russia and Ukraine and significant market volatility on our business, our portfolio, our industry and the global economy. Due to these risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed 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 obligation to update the information in this press release or to 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