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

Eagle Point Credit Management LLC, along with Eagle Point DIF GP I LLC, reported changes in their beneficial ownership of OFS Credit Company, Inc.'s preferred stock due to sales on June 14 and June 17, 2024.

Summary

• Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC filed a Form 4 detailing changes in their beneficial ownership of OFS Credit Company, Inc. preferred stock.
• The transactions involved the sale of 5.25% Series E Term Preferred Stock due 2026 and 6.125% Series C Term Preferred Stock due 2026.
• On June 14, 2024, 343 shares of the 5.25% Series E Term Preferred Stock were sold at $23.35 per share, and 220 shares of the 6.125% Series C Term Preferred Stock were sold at $24.22 per share.
• An additional 125 shares of the 6.125% Series C Term Preferred Stock were sold on June 17, 2024, at $24.22 per share.
• Following these transactions, the entities indirectly hold 33,103 shares of the 5.25% Series E Term Preferred Stock and 35,957 shares of the 6.125% Series C Term Preferred Stock.
• Eagle Point Credit Management LLC manages the private investment funds that directly hold the securities, and Eagle Point DIF GP I LLC serves as the general partner to certain applicable funds.
• Both entities disclaim beneficial ownership of the securities, stating that the inclusion in the report should not be deemed an admission of beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Management Comments

• Each of the Reporting Persons hereby disclaims beneficial ownership of the securities described in this report pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of any of the reported securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are standard disclosures required by the SEC when there are changes in beneficial ownership of a company's securities, providing transparency to the market.

Stakeholder Impact

• The sales of preferred stock may have a minor impact on shareholders, potentially affecting the stock's price and liquidity.

Key Dates