CEF Advisors AICA Event NAVigator Podcast

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OFS Credit Company, Inc (OCCI)

Taxable Bond Funds - Collateralized Loan Obligation

Data as of June 2, 2023
Market Price $9.70 (+ $0.09)
NAV (April 30, 2023) $8.48 ( $0.00)
Fund Listed
Premium / Discount 14.39% (+1.06%)
Fund Info
Inception Oct. 5, 2018
Sponsor OFS Capital
Website https://ir.ofscreditco...
Location Illinois
Incorporated Delaware
Staggered Board Yes
Objective: Generate current income, with a secondary objective of generating capital appreciation primarily through investment in collateralized loan obligation (“CLO”) equity and subordinated debt securities.
Related Indexes
High Income Index
US Bond Index
Capital & Leverage
Outstanding Shares 9,442,550
Total Assets (Reported: Oct. 31, 2022) $159M
Estimated Total Assets $129M
Net Assets $80M
Market Cap $92M
Portfolio Turnover 33.80%
Total Leverage 38.12%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 13.02%
Non Lev Exp Ratio 9.02%
Rel Lev Cost 6.22%
Discount Data
Average Discount (3 Yr) -4.46%
Discount Low(3 Yr) -28.46%
Discount High(3 Yr) 23.58%
Discount Rel Range (3 Yr) 82.33%
Comp Discount 3.58
Discount St Dev (1Yr) 8.31
Z-Stat (6mo) 2.14
Z-Stat (1Yr) 2.43
Z-Stat (3Yr) 2.31
Comp Z-Stat (6mo) 2.08
Comp Z-Stat (3Yr) 1.42
Distribution Data
Market Yield 22.68%
Income Yield 22.68%
Lev Adj NAV Yield 18.78%
Distribution Frequency Q
Current Distribution $0.550
Current Income $0.550
Ex-Date 3/13/23
Payable Date 4/28/23
Div Growth (3yr) 5.62%
Dividend Change 1.9% on 8/25/21
Expected Div 6/1/23
RoC (1yr) 0.00%
RoC (3yr) 41.05%
Tax Dividend Data 2022 2020 - 2022
Income 100% 49.5%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 50.5%
Volume & Liquidity
Average Daily $ (K) $539
Avg Volume 30 day 50,844
Avg Volume 90 day 55,593
Volume Trend -8.54%
Comp Volume Trend -19.20%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Taxable Bond & BDC Index
Most Correlated Peer (Mk Pr): ECC 39.0%
NAV - Price Correlation (30 d) 0.0%
NAV - Price Correlation (90 d) 45.5%
NAV - Price Correlation (1 Yr) 39.6%
Price St Dev (1Yr) 38.6%
NAV St Dev (1Yr) 23.3%
Earnings / Share (1/31/23) $0.128
Earn Coverage 23.31%
Earnings Trend Down
UNII / Share (10/31/22) $0.192
Rel UNII 8.70
UNII Trend Down
Bond Specific Data
Credit Rating (rbo) None
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Taxable Bond & BDC Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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