Form 4: Eagle Point Credit Management LLC Reports Sale of OFS Credit Company Preferred Stock

Eagle Point Credit Management LLC, a 10% owner of OFS Credit Company, Inc., reported the sale of preferred stock on July 9, 2024.

Summary

• On July 9, 2024, Eagle Point Credit Management LLC sold shares of OFS Credit Company's 6.125% Series C Term Preferred Stock due 2026 and 5.25% Series E Term Preferred Stock due 2026.
• A total of 926 shares of the Series C preferred stock were sold at a price of $24.25 per share.
• Additionally, 129 shares of the Series E preferred stock were sold at $23.3 per share.
• Following these transactions, Eagle Point Credit Management LLC indirectly owns 22,877 shares of Series C preferred stock and 32,482 shares of Series E preferred stock.
• The sales were executed by certain private investment funds managed by Eagle Point Credit Management LLC.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's securities. This filing indicates changes in the beneficial ownership of OFS Credit Company's preferred stock by Eagle Point Credit Management LLC.

Stakeholder Impact

• The sale of preferred stock may have a minor impact on the market price of OFS Credit Company's preferred shares.

Key Dates