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OFS Credit Term Preferred Details-UPDATE OTC Grey Ticker

UPDATE–the OTC grey market ticker is OCCPP

Below are the details of the new OFS Credit (OCCI) term preferred shares.

No OTC grey market ticker has been announced and many times when NASDAQ is the permanent exchange they will skip the OTC grey market and go straight to NASDAQ in a few days. I will watch to see if something is announced.

I will be buying this issue as I like monthly payers and I love term preferred. Certainly the quality of the issue is relatively low so I will keep it on a ‘short leash’ watching the company’s asset coverage ratio. Last I checked the coverage was around 285%.

The pricing term sheet can be read here.

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