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

Eagle Point Credit Management LLC, through managed funds, sold shares of OFS Credit Company's preferred stock in multiple transactions.

Summary

• Eagle Point Credit Management LLC, along with Eagle Point DIF GP I LLC, filed a Form 4 detailing changes in beneficial ownership of OFS Credit Company, Inc. securities.
• The reported transactions involve the sale of 6.125% Series C Term Preferred Stock due 2026 and 5.25% Series E Term Preferred Stock due 2026.
• These sales were executed on September 23 and 24, 2024.
• The shares are held by private investment funds managed by Eagle Point Credit Management LLC.
• Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC disclaim beneficial ownership of the reported securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• The sales of preferred stock may have a minor impact on the market price of the securities.
• Shareholders may be interested in the reasons behind Eagle Point Credit Management's decision to sell these shares.

Key Dates