Form 4: Eagle Point Credit Management Reports Changes in Beneficial Ownership of OFS Credit Company

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

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 transactions involve the acquisition and disposition of 5.25% Series E Term Preferred Stock due 2026 and 6.125% Series C Term Preferred Stock due 2026.
• On May 30, 2024, 5 shares of 5.25% Series E Term Preferred Stock were disposed of at a price of $23.35.
• On May 31, 2024, 100 shares of 6.125% Series C Term Preferred Stock were disposed of at $24.22.
• On June 3, 2024, 302 shares of 6.125% Series C Term Preferred Stock were disposed of at a weighted average price of $24.26 (ranging from $24.22 to $24.29).
• Following these transactions, Eagle Point Credit Management LLC indirectly holds 33,446 shares of 5.25% Series E Term Preferred Stock and 36,302 shares of 6.125% Series C Term Preferred Stock.
• Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC disclaim beneficial ownership of these securities, except to the extent of any indirect pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions in securities. It doesn't convey any explicit positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for investment management firms. It reflects ongoing portfolio management activities.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership percentages, but the overall effect is likely minimal.

Key Dates