0001716951-20-000048.txt : 20200721
0001716951-20-000048.hdr.sgml : 20200721
20200721185619
ACCESSION NUMBER: 0001716951-20-000048
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200717
FILED AS OF DATE: 20200721
DATE AS OF CHANGE: 20200721
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rashid Bilal
CENTRAL INDEX KEY: 0001521654
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 811-23299
FILM NUMBER: 201039848
MAIL ADDRESS:
STREET 1: 10 SOUTH WACKER DRIVE
STREET 2: SUITE 2500
CITY: CHICAGO
STATE: IL
ZIP: 60606
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: OFS Credit Company, Inc.
CENTRAL INDEX KEY: 0001716951
IRS NUMBER: 822875487
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 10 SOUTH WACKER DRIVE
STREET 2: SUITE 2500
CITY: CHICAGO
STATE: IL
ZIP: 60606
BUSINESS PHONE: 847-734-2000
MAIL ADDRESS:
STREET 1: 10 SOUTH WACKER DRIVE
STREET 2: SUITE 2500
CITY: CHICAGO
STATE: IL
ZIP: 60606
4
1
wf-form4_159537216578410.xml
FORM 4
X0306
4
2020-07-17
0
0001716951
OFS Credit Company, Inc.
OCCI
0001521654
Rashid Bilal
C/O OFS CREDIT COMPANY, INC.
10 S. WACKER DRIVE, SUITE 2500
CHICAGO
IL
60606
1
1
0
0
President, Director and CEO
Common Stock
2020-07-17
4
J
0
653
0
A
11953
D
Common Stock
2020-07-17
4
J
0
5185
0
A
110185
I
Owned by Orchard First Source Asset Management, LLC
Common Stock
2020-07-17
4
J
0
370
0
A
7870
I
Owned by OFS Funding I, LLC
On May 26, 2020, the Issuer's board of directors declared a $0.52 per share quarterly distribution (the "Dividend") for the quarter ending July 31, 2020, payable to holders of record of common stock on June 16, 2020 (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 10% of the total Dividend, excluding any cash paid for fractional shares. The remainder of the Dividend (approximately 90%) will be paid in the form of shares of the Issuer's common stock. In connection with the Dividend, Mr. Rashid, Orchard First Source Asset Management, LLC ("OFSAM") and OFS Funding I, LLC will receive 653, 5,185, and 370 shares of common stock, respectively, as of July 31, 2020.
These securities are held by OFSAM. Mr. Rashid has an ownership interest in OFSAM. As a result, Mr. Rashid may be deemed to beneficially own the securities held by OFSAM.
These securities are held by OFS Funding I, LLC, which is owned by OFSAM. Mr. Rashid has an ownership interest in OFSAM. As a result, Mr. Rashid may be deemed to beneficially own the securities held by OFS Funding I, LLC by virtue of his ownership interest in OFSAM and, indirectly, OFS Funding I, LLC.
/s/ Bilal Rashid
2020-07-21