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

Eagle Point Credit Management LLC reports acquisition of OFS Credit Company, Inc. securities through managed funds, while disclaiming beneficial ownership.

Summary

• Eagle Point Credit Management LLC, along with Eagle Point CIF GP I LLC and Eagle Point DIF GP I LLC, filed a Form 4 regarding transactions in OFS Credit Company, Inc. securities.
• The report indicates the acquisition of 1,305 shares of 5.25% Series E Term Preferred Stock due 2026 at a price of $23.24 on May 7, 2024.
• Following the transaction, the Funds managed by Eagle Point Credit Management LLC beneficially own 34,989 shares of 5.25% Series E Term Preferred Stock due 2026 and 42,088 shares of 6.125% Series C Term Preferred Stock due 2026.
• Eagle Point Credit Management LLC and the General Partners 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

• Eagle Point Credit Management LLC and the General Partners disclaim beneficial ownership of the reported securities pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934.

Industry Context

Form 4 filings are standard practice for entities with significant holdings in publicly traded companies, providing transparency into their transactions and ownership positions.

Stakeholder Impact

• Shareholders of OFS Credit Company, Inc. are informed about the transactions of a major stakeholder.
• The filing provides transparency regarding the ownership structure and transactions of Eagle Point Credit Management LLC.

Key Dates