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.'s 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 13, 2024, 707 shares of the 5.25% Series E Term Preferred Stock were sold at $23.29 per share.
• On May 14, 2024, 801 shares of the 5.25% Series E Term Preferred Stock were sold at $23.29 per share.
• On May 15, 2024, 5,124 shares of the 6.125% Series C Term Preferred Stock were sold at $24.16 per share.
• Following these transactions, the reporting persons indirectly beneficially own 33,481 shares of 5.25% Series E Term Preferred Stock and 36,964 shares of 6.125% Series C 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 standard regulatory filing detailing transactions, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a company buy or sell the company's securities, providing transparency to the market.

Stakeholder Impact

• Shareholders may be interested in the transactions of significant shareholders like Eagle Point Credit Management LLC.

Key Dates