Form 4: Eagle Point Credit Management LLC Reports Transaction in OFS Credit Company, Inc.

Eagle Point Credit Management LLC reports the disposition of shares of OFS Credit Company's 6.125% Series C Term Preferred Stock due 2026.

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.
• On July 15, 2024, Eagle Point Credit Management LLC disposed of 596 shares of 6.125% Series C Term Preferred Stock due 2026 at a price of $24.32 per share.
• Following the transaction, the number of 6.125% Series C Term Preferred Stock due 2026 shares beneficially owned indirectly is 22,281.
• The number of 5.25% Series E Term Preferred Stock due 2026 shares beneficially owned indirectly is 32,482.
• The securities are held by private investment funds managed by Eagle Point Credit Management LLC, with Eagle Point DIF GP I LLC serving as general partner to certain funds.
• Both 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 SEC filing detailing a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Negatives

• Eagle Point Credit Management LLC disposed of 596 shares of OFS Credit Company's 6.125% Series C Term Preferred Stock due 2026.

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 for insiders, providing transparency into their transactions in company stock. This filing indicates activity by a significant shareholder of OFS Credit Company.

Stakeholder Impact

• The transaction may be of interest to shareholders of OFS Credit Company, Inc. as it provides insight into the actions of a significant shareholder.

Key Dates