Specialty finance company OFS Credit Company (OCCI) has released their semi-annual report for the period ending 4/30/2022.
The company owns primarily the equity tranche of CLO’s (collateralized loan obligations). The equity tranche of the CLO is the highest risk portion.
OCCI has 2 issues of term preferred stock currently outstanding which can be seen here. Both issues have mandatory redemption in 2026.
Semi-Annual report for OFS Credit Company
Disclosure–I own shares of the 6.125% OCCIO term preferred.