SEC Form SC 13G filed by OFS Credit Company Inc.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934

(Amendment No.  )

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b) 

x Rule 13d-1(c) 

¨ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

This Schedule 13G is being filed as a result of the reporting persons ceasing to own 20% or more of the applicable class of securities of the Issuer and, as such, is also being filed as an amendment to the reporting persons’ Schedule 13D filed with the SEC on December 17, 2021.

OFS Credit Company, Inc

10 South Wacker Drive, Suite 2500 

Chicago, IL 60606

Eagle Point Credit Management LLC (“EPCM”) 

Eagle Point CIF GP I LLC (“CIF GP”)

This Schedule 13G is jointly filed by the above Reporting Persons pursuant to a Joint Filing Agreement attached hereto as Exhibit A.

600 Steamboat Road, Suite 202 

Greenwich, CT 06830

EPCM: organized in the State of Delaware 

CIF GP: organized in the State of Delaware

Preferred Stock (series identified below in response to Item 2(e))

67111Q305 (6.125% Series C Term Preferred Stock due 2026, Liquidation Preference $25 per Share) 

67111Q404 (5.25% Series E Term Preferred Stock due 2026, Liquidation Preference $25 per Share)

Not applicable.

See response to Item 9 on each cover page.

See response to Item 11 on each cover page.

The percentages reflected in this statement are calculated based upon 2,440,000 Preferred Shares outstanding as of November 19, 2023 as disclosed by the Issuer in Form N-CSR filed with the SEC on December 11, 2023.

See response to Item 5 on each cover page.

See response to Item 6 on each cover page.

See response to Item 7 on each cover page.

See response to Item 8 on each cover page.

EPCM acts as investment manager to certain accounts (collectively, the “Accounts”), which directly hold the Preferred Shares described in this report. Pursuant to an investment management agreement between EPCM and each Account, EPCM has discretionary investment authority and voting power with respect to the Preferred Shares directly held by the Accounts. As such, EPCM could be deemed to beneficially own the Preferred Shares directly held by the Accounts.

Eagle Point CIF GP I LLC (“CIF GP”), as general partner to an Account, has the authority to exercise voting or dispositive power with respect to the shares held by such Account. Thus, CIF GP could be deemed to share the power to vote and dispose or direct the disposition of the shares held by such Account.

Not applicable.

Not applicable.

Not applicable.

Not applicable.

Not applicable.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 24, 2024

Exhibit A

Joint Filing Agreement

We, the undersigned, hereby express our agreement that the attached Schedule 13G is, and any further amendments thereto signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This agreement may be terminated with respect to the obligations to jointly file future amendments to such statement on Schedule 13G as to any of the undersigned upon such person giving written notice thereof to each of the other persons signatory hereto, at the principal office thereof.

Dated: January 24, 2024