Herzfeld Advisors Takes 1.3M Share Stake in OFS Credit Co.

TL;DR

**Herzfeld Advisors just revealed a big 1.3M share stake in OFS Credit Co. as of year-end!**

AI Summary

Thomas J. Herzfeld Advisors, Inc. reported beneficial ownership of 1,336,185 shares of OFS Credit Company, Inc. common stock as of December 31, 2023. This represents a significant stake, indicating a notable investment by a specialized investment advisor. For current or prospective shareholders, this filing signals that a professional investment firm sees value in OFS Credit Company, Inc., potentially boosting investor confidence.

Why It Matters

This filing shows a significant institutional investor, Thomas J. Herzfeld Advisors, Inc., has taken a substantial position in OFS Credit Company, Inc., which can be seen as a vote of confidence.

Risk Assessment

Risk Level: low — This filing indicates an institutional investment, which generally reduces risk perception for a stock.

Analyst Insight

A smart investor would research Thomas J. Herzfeld Advisors, Inc.'s investment thesis for OFS Credit Company, Inc. to understand the rationale behind this significant stake, potentially validating their own investment decisions or prompting further due diligence.

Key Numbers

• 1,336,185 — Shares Beneficially Owned (Total shares of OFS Credit Company, Inc. held by Thomas J. Herzfeld Advisors, Inc.)

Key Players & Entities

• Thomas J. Herzfeld Advisors, Inc. (company) — reporting person, investment advisor
• OFS Credit Company, Inc. (company) — subject company, issuer
• 1,336,185 (dollar_amount) — shares beneficially owned
• December 31, 2023 (date) — date of event requiring filing

Forward-Looking Statements

• Thomas J. Herzfeld Advisors, Inc. will maintain or increase its stake in OFS Credit Company, Inc. over the next year. (Thomas J. Herzfeld Advisors, Inc.) — medium confidence, target: 2025-01-17

FAQ

Filing Documents

• fp0086715-1_sc13g.htm (SC 13G) — 55KB
• 0001398344-24-000705.txt ( ) — 57KB

From the Filing

SC 13G 1 fp0086715-1_sc13g.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 OFS Credit Company, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 67111Q107 (CUSIP Number(s)) 12/31/2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: X Rule 13d-1(b) [ ] 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 disclosures provided in a prior cover page. The information required on 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). CUSIP No. 67111Q107 13G Page 2 of 4 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Thomas J. Herzfeld Advisors, Inc. 59-2414380 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION A Florida Corporation NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,336,185 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 1,336,185 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,336,185 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.39 12. TYPE OF REPORTING PERSON (see instructions) IA CUSIP No. 67111Q107 13G Page 3 of 4 Pages Item 1. (a) Name of Issuer OFS Credit Company, Inc. (b) Address of Issuer’s Principal Executive Offices OFS Credit Company, Inc. 10 South Wacker Drive, Suite 2500 Chicago, IL 60606 Item 2. (a) Name of Person Filing Thomas J. Herzfeld Advisors, Inc. (b) Address of the Principal Office or, if none, residence 119 Washington Avenue, Suite 504 Miami Beach, FL 33139 (c) Citizenship A Florida Corporation (d) Title of Class of Securities Preferred Stock (e) CUSIP Number 67111Q107 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) X An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with §240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,335,051 (b) Percent of class: 8.39 (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 1,336,185. (ii) Shared power to vote or to direct the vote 0. (iii) Sole power to dispose or to direct the disposition of 1,336,185. (iv) Shared power to dispose or to direct the disposition of 0. Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1). Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial Instruction . Dissolution of a group requires a response to this item. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not applicable. Item 8. Identification and Classification of Members of the Group. Not app

View Full Filing

View this SC 13G filing on SEC EDGAR