OFS Credit Company, Inc. (NASDAQ:OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that invests primarily in secured loan obligations ( “CLO”) equities and debt securities, today announced the following estimate of net asset value (“NAV”) as of November 30, 2021.
Management’s unaudited estimate of the range of our net asset value per share of our common stock as of November 30, 2021 is between $13.90 and $14.00. This estimate is not a complete statement of our financial position or results for the month ended November 30, 2021. This estimate has not been subject to the Company’s typical quarter-end financial closing procedures and does not has not been approved by the Company’s Board of Directors. 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 quarterly determination that will be published in our monthly report on Form N-PORT in January 2022.
We believe that the COVID-19 pandemic presents significant uncertainty and risks to the underlying value of the Company’s investments, financial condition, results of operations and cash flows. To the extent that the Company’s portfolio investments are adversely affected by the effects of the COVID-19 pandemic, the Company could experience a material adverse effect on its future net investment income, the fair value of its portfolio investments, its financial condition and the financial condition of its 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 Company’s investment activities 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 may be identified by words such as “anticipate”, “believe”, “could”, “could increase the likelihood”, “estimate”, “expect”, “intend”, ” is expected”, “may”, “should”, “should”, “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 global COVID-19 pandemic and related changes in base interest rates, inflation rates and significant market volatility on our business, portfolio companies, industry and the Mondial 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