Trending...
- SacraPod Suites Unveils AI-Powered 'Work + Rest' Smart Hospitality Model for Retrofitting Underused Motels Across the U.S
- From Real Estate to Reel Power: H.L Woods Carves His Legacy as a Cutting-Edge Visionary Filmmaker
- Airwavz Solutions Appoints Monte Dube to Market Advisory Board to Strengthen Healthcare Wireless Strategy
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.
More on illi News
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.
More on illi News
- READY FOR NEW BUILDS – Pond & Waterfall Construction Season Starts Now!
- Generic Trade Marks 15 Years of Leveling the Trading Field for all Futures Traders
- HeyGears Achieves Breakthrough in Multi-Material Resin 3D Printing, Overcoming Bottlenecks in Dental Manufacturing
- Levata Acquires Logiscenter to Accelerate Growth in Enterprise IT and Data Capture Solutions
- Smart Resnse Unveils Smart Resnse(SRMS) Token-Powered AI Orchestration Platform to Revolutionize Multi-Billion Dollar Market
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.
Filed Under: Business
0 Comments
Latest on illi News
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- National Van Lines Acquires First National Van Lines Domain to Streamline Branding
- Colbert Packaging Announces WBENC Recognition
- Echo Global Logistics Wins Inbound Logistics' #1 3PL for Ninth Year in a Row
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Whirlpool Brand and Premier Lacrosse League Announce Chicago River Stunt in Celebration of the League's Highly-Anticipated Return
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Jungbunzlauer Showcases Bioavailable Mineral Innovations for Gummies at IFT FIRST 2025
- Vinnetwork Unveils Decentralized AI Platform with Vinnetwork(VIN) Token to Challenge Tech Giants' Data Monopoly
- Centennial Flyers to Become Colorado's First Launch Customer for All-Electric B23 Energic Aircraft
- Revenue Valve Tells Why Visual Storytelling Is the Secret Weapon for Healthcare Nonprofits
- Pyro Marketing Opens New Digital Marketing Company in Saint Petersburg to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- Digi 995 Expands Its Universe: All Three Novels Now Available in Paperback Worldwide
- Chicago: Mayor Brandon Johnson on Track to Hit Summer Youth Employment Goal with Almost 29,000 Young People Hired for Third Consecutive Year of Expanded Opportunities
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital