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

Eagle Point Credit Management LLC, along with related entities, reported the sale of OFS Credit Company's 6.125% Series C Term Preferred Stock due 2026.

Summary

• Eagle Point Credit Management LLC, Eagle Point CIF GP I LLC, and Eagle Point DIF GP I LLC filed a Form 4 regarding transactions in OFS Credit Company, Inc. [OCCI] securities.
• The report indicates a sale of 17 shares of 6.125% Series C Term Preferred Stock due 2026 on April 10, 2024, at a price of $24.16 per share.
• Following the transaction, the reporting entities indirectly beneficially own 42,245 shares of the 6.125% Series C Term Preferred Stock due 2026 and 36,294 shares of 5.25% Series E Term Preferred Stock due 2026.
• The reporting persons disclaim beneficial ownership of the reported securities.

Sentiment

Score: 5

Explanation: The document is a standard 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 publicly traded company buy or sell the company's securities, providing transparency to the market.

Key Dates