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CHICAGO ~ OFS Credit Company, Inc. (NASDAQ: OCCI) announced today that its management has estimated the net asset value (NAV) per share of its common stock as of October 31, 2023 to be between $7.50 and $7.60. This estimate is not a comprehensive statement of the company's financial condition or results for the month ended October 31, 2023 and did not undergo the company's typical quarter-end financial closing procedures.
The company warned that its financial condition and results of operations may be materially impacted after October 31, 2023 by circumstances and events that are not yet known. These include rising interest rates and elevated inflation rates, ongoing war between Russia and Ukraine or current conflict in Israel, instability in the U.S. and international banking systems, risk of recession or a shutdown of U.S. government services and related market volatility, or other factors which may lead to a material adverse impact on future net investment income, underlying value of investments, financial condition and the financial condition of portfolio investments.
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The preliminary financial data included in this press release has been prepared by OFS Credit's management but has not been audited by KPMG LLP who have not expressed an opinion or any other form of assurance with respect thereto.
OFS Credit is a non-diversified, externally managed closed-end management investment company based in Chicago with additional offices in New York and Los Angeles. The Company's investment objective is to generate current income with a secondary objective to generate capital appreciation primarily through investment in CLO debt and subordinated securities which are managed by OFS Capital Management LLC., an investment adviser registered under the Investment Advisers Act of 1940 as amended.
The company warned that its financial condition and results of operations may be materially impacted after October 31, 2023 by circumstances and events that are not yet known. These include rising interest rates and elevated inflation rates, ongoing war between Russia and Ukraine or current conflict in Israel, instability in the U.S. and international banking systems, risk of recession or a shutdown of U.S. government services and related market volatility, or other factors which may lead to a material adverse impact on future net investment income, underlying value of investments, financial condition and the financial condition of portfolio investments.
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The preliminary financial data included in this press release has been prepared by OFS Credit's management but has not been audited by KPMG LLP who have not expressed an opinion or any other form of assurance with respect thereto.
OFS Credit is a non-diversified, externally managed closed-end management investment company based in Chicago with additional offices in New York and Los Angeles. The Company's investment objective is to generate current income with a secondary objective to generate capital appreciation primarily through investment in CLO debt and subordinated securities which are managed by OFS Capital Management LLC., an investment adviser registered under the Investment Advisers Act of 1940 as amended.
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