Form 4: Eagle Point Credit Management LLC Reports Changes in Beneficial Ownership of OFS Credit Company, Inc.

Eagle Point Credit Management LLC, a 10% owner of OFS Credit Company, Inc., reported changes in its beneficial ownership of the company's preferred stock due to sales between June 28, 2024, and July 2, 2024.

Summary

• Eagle Point Credit Management LLC, along with Eagle Point DIF GP I LLC, filed a Form 4 detailing changes in beneficial ownership of OFS Credit Company, Inc.'s preferred stock.
• The transactions involved the sale of 6.125% Series C Term Preferred Stock due 2026 and 5.25% Series E Term Preferred Stock due 2026.
• Sales occurred on June 28, 2024, July 1, 2024, and July 2, 2024, at prices of $24.2 and $23.27 per share.
• After these transactions, Eagle Point Credit Management LLC indirectly beneficially owns 28,659 shares of the 6.125% Series C Term Preferred Stock and 33,003 shares of the 5.25% Series E Term Preferred Stock.
• The reporting persons disclaim beneficial ownership of the securities, stating that the inclusion of these securities in the report should not be deemed an admission of beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Management Comments

• Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC disclaim beneficial ownership of the reported securities.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their trading activities. These filings are closely watched by investors to gauge insider sentiment and potential future stock performance.

Stakeholder Impact

• Shareholders may be interested in the trading activity of Eagle Point Credit Management LLC, a significant owner of OFS Credit Company, Inc.

Key Dates