Orchard First Source Asset Management, LLC - Apr 15, 2022 Form 4 Insider Report for OFS Credit Company, Inc. (OCCI)

Role: Parent of Investment Adviser
Signature: /s/ Bilal Rashid, President of Orchard First Source Asset Management, LLC
Stock symbol: OCCI
Transactions as of: Apr 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/18/2022, 04:14 PM
Previous filing: Jan 20, 2022
Next filing: Jul 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCCI	Common Stock	Other	$0	+4.07K	+3.09%	$0.00	136K	Apr 15, 2022	Direct	F1
transaction	OCCI	Common Stock	Other	$0	+290	+3.08%	$0.00	9.69K	Apr 15, 2022	Owned by OFS Funding I, LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 1, 2022, the Issuer's board of directors declared a $0.55 per share quarterly distribution (the "Dividend") for the quarter ending April 30, 2022, payable to holders of record of common stock on March 15, 2022 (each, a "Stockholder"). The Dividend will be paid in cash or shares of the Issuer's common stock at the election of each Stockholder. The total amount of cash distributed to all Stockholders will be limited to 20% of the total Dividend, excluding any cash paid for fractional shares. The remainder of the Dividend (approximately 80%) will be paid in the form of shares of the Issuer's common stock. In connection with the Dividend, Orchard First Source Asset Management, LLC ("OFSAM") and OFS Funding I, LLC will receive 4,070 and 290 shares of common stock, respectively, as of April 29, 2022.
F2	These securities are held by OFS Funding I, LLC. OFS Funding I, LLC is owned by OFSAM. As a result, OFSAM may be deemed to beneficially own the securities held by OFS Funding I, LLC by virtue of its ownership interest in OFS Funding I, LLC. OFS Capital Management, LLC, investment adviser to OFS Credit Company, Inc., is wholly-owned by OFSAM.

Content

On March 1, 2022, the Issuer's board of directors declared a $0.55 per share quarterly distribution (the "Dividend") for the quarter ending April 30, 2022, payable to holders of record of common stock on March 15, 2022 (each, a "Stockholder"). The Dividend will be paid in cash or shares of the Issuer's common stock at the election of each Stockholder. The total amount of cash distributed to all Stockholders will be limited to 20% of the total Dividend, excluding any cash paid for fractional shares. The remainder of the Dividend (approximately 80%) will be paid in the form of shares of the Issuer's common stock. In connection with the Dividend, Orchard First Source Asset Management, LLC ("OFSAM") and OFS Funding I, LLC will receive 4,070 and 290 shares of common stock, respectively, as of April 29, 2022.

These securities are held by OFS Funding I, LLC. OFS Funding I, LLC is owned by OFSAM. As a result, OFSAM may be deemed to beneficially own the securities held by OFS Funding I, LLC by virtue of its ownership interest in OFS Funding I, LLC. OFS Capital Management, LLC, investment adviser to OFS Credit Company, Inc., is wholly-owned by OFSAM.