OCCI: Distribution Policy Was Not Inherently Negative, But New Policy Is Better

Dec. 06, 2023 4:31 PM ETOFS Credit Company Inc (OCCI)ECC, OXLC, OCCI102 Comments

Summary

  • OFS Credit Company Inc is a collateralized loan obligation fund that focuses on CLO equity.
  • The old stock-based distribution policy was not inherently negative.
  • New cash-based distribution policy is better and should restore investor confidence in the fund.
  • Looking for a portfolio of ideas like this one? Members of CEF/ETF Income Laboratory get exclusive access to our subscriber-only portfolios. Learn More »

Money growth - US paper currency

PM Images

Author's note: This article was originally written before OCCI's recent announcement of its distribution policy change. The new cash-based distribution policy is a positive and should restore investor confidence in OCCI going forward, as indicated in the original summary section below.

At the CEF/ETF Income Laboratory, we manage closed-end fund (CEF) and exchange-traded fund (ETF) portfolios targeting safe and reliable ~8% yields to make income investing easy for you. Check out what our members have to say about our service.

To see all that our exclusive membership has to offer, sign up for a free trial by clicking on the button below!

This article was written by

20.1K Followers

Stanford Chemist is a scientific researcher by training. For the past decade he has been providing analysis and evidence-based ways of generating profitable investments with CEFs and ETFs. He leads the investing group CEF/ETF Income Laboratory.

Features of the service include: managed income portfolios (targeting safe and reliable ~8% yields) making use of high-yield opportunities in the CEF and ETF fund space. These are geared toward both active and passive investors of all experience levels. The vast majority of {CEF/ETF Income Laboratory} holdings are also monthly-payers, for faster compounding and steady income streams. Other features include 24/7 chat, and trade alerts.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of OCCI, ECC, OXLC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About OCCI Ticker

SymbolLast Price% Chg
Expense Ratio
Div Frequency
Div Rate
Yield
Assets (AUM)
Volume
Compare to Peers

More on OCCI

Related Stocks

SymbolLast Price% Chg
OCCI
--