OFS Credit reports Q3 core EPS 47c vs. 53c per share

Reports Q3 NAV per share $7.24. “We are pleased to announce another quarter of strong recurring waterfall payments from our CLO equity investments,” said Bilal Rashid, Chief Executive Officer. “We believe our balance sheet remains strong and well positioned with an asset coverage ratio comfortably below regulatory requirements. We believe our fixed-rate preferred stock financing, at below current market rates with a weighted average stated rate of 5.62%, affords us operational flexibility to create stockholder value in this interest rate environment.”