Bilal Rashid - Apr 13, 2023 Form 4 Insider Report for OFS Credit Company, Inc. (OCCI)

Signature
/s/ Bilal Rashid
Stock symbol
OCCI
Transactions as of
Apr 13, 2023
Transactions value $
$0
Form type
4
Date filed
4/17/2023, 01:33 PM
Previous filing
Jan 23, 2023
Next filing
Jul 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCCI Common Stock Other $0 +1.12K +5.99% $0.00 19.8K Apr 13, 2023 Direct F1
transaction OCCI Common Stock Other $0 +6.76K +4.11% $0.00 171K Apr 13, 2023 Owned by Orchard First Source Asset Management Holdings, 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, 2023, the Issuer's board of directors declared a $0.55 per share quarterly distribution (the "Dividend") for the quarter ending April 30, 2023, payable to holders of record of common stock on March 14, 2023 (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, Mr. Rashid and Orchard First Source Asset Management Holdings, LLC ("OFSAM Holdings") will receive 1,116 and 6,758 shares of common stock, respectively, as of April 28, 2023.
F2 These securities are held by OFSAM Holdings. Mr. Rashid has an ownership interest in OFSAM Holdings. As a result, Mr. Rashid may be deemed to beneficially own the securities held by OFSAM Holdings.