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 6.125% Series C Term Preferred Stock due 2026.
• The transactions took place on May 24, 2024, with a sale of 2 shares at $24.22 per share.
• Following the reported transaction, Eagle Point Credit Management LLC indirectly owns 36,704 shares of the 6.125% Series C Term Preferred Stock due 2026 and 33,451 shares of the 5.25% Series E Term Preferred Stock due 2026.
• The reporting persons disclaim beneficial ownership of the securities, stating that the inclusion of these securities in the report should not be deemed an admission of beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Management Comments

• Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC disclaim beneficial ownership of the reported securities, stating that the inclusion of these securities in the report should not be deemed an admission of beneficial ownership.

Industry Context

This filing is a routine disclosure related to changes in ownership positions by significant shareholders, which is common in the investment management industry.

Stakeholder Impact

• The filing informs shareholders about changes in the ownership structure of OFS Credit Company, Inc.

Key Dates