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, disclaiming beneficial ownership of the securities.

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 reported transactions involve the acquisition and disposition of 6.125% Series C Term Preferred Stock due 2026 at prices around $24.10 per share.
• These transactions occurred between March 13, 2024, and March 15, 2024.
• The reporting persons disclaim beneficial ownership of the reported securities, stating that the securities are directly held by certain private investment funds managed by Eagle Point Credit Management LLC.
• As of the latest transaction, the funds managed by Eagle Point Credit Management LLC indirectly beneficially own 42,326 shares of 6.125% Series C Term Preferred Stock due 2026 and 36,294 shares of 5.25% Series E Term Preferred Stock due 2026.

Sentiment

Score: 5

Explanation: The document is a routine 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 insiders or significant shareholders of a company trade the company's securities, providing transparency to the market.

Key Dates