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

Eagle Point Credit Management LLC, along with related entities, reported transactions involving OFS Credit Company, Inc. preferred stock, indicating changes in beneficial ownership.

Summary

• Eagle Point Credit Management LLC, Eagle Point CIF GP I LLC, and Eagle Point DIF GP I LLC filed a Form 4 regarding changes in beneficial ownership of OFS Credit Company, Inc. securities.
• 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 May 16, 2024, 30 shares of the 5.25% Series E Term Preferred Stock were disposed of at $23.33 per share, leaving 33,451 shares beneficially owned indirectly.
• On May 16, 2024, 233 shares of the 6.125% Series C Term Preferred Stock were disposed of at $24.24 per share, leaving 36,731 shares beneficially owned indirectly.
• On May 17, 2024, 25 shares of the 6.125% Series C Term Preferred Stock were disposed of at $24.20 per share, leaving 36,706 shares beneficially owned indirectly.
• 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 standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders and large shareholders.

Stakeholder Impact

• Shareholders are informed about the transactions of significant stakeholders.
• The filing provides transparency regarding the ownership structure of the company.

Key Dates