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

Eagle Point Credit Management LLC reports transactions involving OFS Credit Company, Inc.'s preferred stock, indicating changes in beneficial ownership.

Summary

• Eagle Point Credit Management LLC filed a Form 4 detailing changes in beneficial ownership of OFS Credit Company, Inc. securities.
• The reported transactions involve the disposal of 6.125% Series C Term Preferred Stock due 2026 on August 23, 2024 (123 shares), August 26, 2024 (300 shares), and August 27, 2024 (422 shares).
• These transactions were executed at prices of $24.40 and $24.42 per share.
• Following these transactions, Eagle Point Credit Management LLC indirectly owns 14,340 shares of the 6.125% Series C Term Preferred Stock due 2026 and 32,482 shares of the 5.25% Series E Term Preferred Stock due 2026.
• Eagle Point Credit Management LLC disclaims beneficial ownership of the reported securities.

Sentiment

Score: 5

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

Negatives

• Eagle Point Credit Management LLC reduced its holdings of OFS Credit Company, Inc.'s 6.125% Series C Term Preferred Stock due 2026.

Management Comments

• Eagle Point Credit Management LLC disclaims beneficial ownership of the securities described in this report.

Industry Context

Form 4 filings are a standard part of regulatory compliance for entities with significant ownership in publicly traded companies, providing transparency into insider transactions.

Stakeholder Impact

• Shareholders may be interested in the changes in ownership reported in the Form 4.

Key Dates