Form NPORT-P OFS Credit Company, Inc. For: Jan 31

March 12, 2021 8:20 AM EST

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		NPORT-P
		false
		
			
			
				
					0001716951
					XXXXXXXX
				
			
			
			
			
		
	
	
		
			OFS Credit Company, Inc.
			811-23299
			0001716951
			549300A7A6U0QNX5FB55
			10 S. Wacker Drive, Suite 2500
			Chicago
			
			60606
			847-734-2000
			OFS Credit Company, Inc.

			N/A
			2021-10-31
			2021-01-31
			N
		
		
			77339673.12
			25091953.08
			52247720.04
			0
			0
			0
			0
			0
			0
			0
			0
			0
			24316500
			0
			0
			0
			5739697.4
			N
			
				
					
				
				
				
				
				
			
			
			
			
		
		
			
				SNDPT 2013-3RX SUB
				549300HOEGQTNS4MTZ12
				Sound Point CLO IV-R, Ltd.
				83608MAE3
				
					
				
				4000000
				PA
				USD
				1007233.85
				1.927804408
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-04-18
					None
					5.7361
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				GRNPK 2018-1A SUB
				N/A
				Greenwood Park CLO, Ltd.
				39729TAB0
				
					
				
				4000000
				PA
				USD
				3019891.32
				5.7799485177
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-04-15
					None
					12.7709
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				ATCLO 2018-9A SUB
				N/A
				Atlas Senior Loan Fund IX Ltd.
				04941WAC7
				
					
				
				1200000
				PA
				USD
				272007.99
				0.5206121718
				Long
				
				
				KY
				
				Y
				
				3
				
					2028-04-20
					None
					0
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				MDPK 2018-29A SUB
				N/A
				Madison Park Funding XXIX, Ltd.
				55820EAE1
				
					
				
				1000000
				PA
				USD
				763577.37
				1.4614558672
				Long
				
				
				KY
				
				Y
				
				3
				
					2047-10-18
					None
					18.8146
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				Dryden 53 CLO, Ltd.
				N/A
				Dryden 53 CLO, Ltd.
				26243FAA6
				
					
				
				500000
				PA
				USD
				353589.55
				0.6767559421
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-01-15
					None
					23.24
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				BATLN 2015-9A SUB
				549300JMWGEYZEC6GK98
				Battalion CLO IX Ltd.
				07132GAC4
				
					
				
				1770978
				PA
				USD
				1170025.47
				2.2393809129
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-07-15
					None
					22.1806
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				MP10 2017-1A SUB
				549300PJ1FVY9B16K017
				Marble Point CLO X Ltd.
				566062AC9
				
					
				
				7000000
				PA
				USD
				3264980.6
				6.2490393791
				Long
				
				
				KY
				
				Y
				
				3
				
					2030-10-15
					None
					5.2566
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				ALLEG 2018-1A SUB
				635400EBXLHIKFL2MP73
				Allegro CLO VII, Ltd.
				01750DAC5
				
					
				
				3100000
				PA
				USD
				2005829.91
				3.8390764391
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-06-13
					None
					12.941
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				DRSLF 2013-30A SUB
				549300AS2O1RYPD2ED41
				Dryden 30 Senior Loan Fund
				26249CAA7
				
					
				
				1000000
				PA
				USD
				435526.89
				0.8335806609
				Long
				
				
				KY
				
				Y
				
				3
				
					2028-11-15
					None
					2.91
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				HARV7 7A SUB
				54930057H7JJWKKTHB17
				HarbourView CLO VII-R, Ltd.
				41165HAC1
				
					
				
				3100000
				PA
				USD
				145379.5
				0.2782504191
				Long
				
				
				KY
				
				Y
				
				3
				
					2026-11-18
					None
					0
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				AWPT 2017-7A SUB
				635400AGFHDDI7RPPD20
				Elevation CLO 2017-7, Ltd.
				28622LAB8
				
					
				
				4750000
				PA
				USD
				2861782.13
				5.4773339924
				Long
				
				
				KY
				
				Y
				
				3
				
					2030-07-15
					None
					11.949
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				Dryden 76 CLO, Ltd
				N/A
				Dryden 76 CLO, Ltd.
				26252XAA5
				
					
				
				2250000
				PA
				USD
				1828037.12
				3.4987883081
				Long
				
				
				KY
				
				Y
				
				3
				
					2032-10-20
					None
					17.8991
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				MIDO 2018-9A INC
				549300XXQYQPW7OQNX23
				MidOcean Credit CLO IX Ltd.
				59802NAE5
				
					
				
				3000000
				PA
				USD
				1835159.82
				3.5124208647
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-07-20
					None
					14.2735
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				MP11 2017-2A INC
				549300DBVCVH5X7MO467
				Marble Point CLO XI Ltd.
				56606RAA8
				
					
				
				1500000
				PA
				USD
				694648.97
				1.3295297277
				Long
				
				
				KY
				
				Y
				
				3
				
					2047-12-18
					None
					3.058
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				VENT33,SUBORD
				549300NQPL9XHZ20E278
				Venture 33 CLO Limited
				92331GAE1
				
					
				
				3150000
				PA
				USD
				1425927.7
				2.7291673185
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-07-15
					None
					8.4903
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				BATLN 2017-11A SUB
				549300O0R7FIDPTPCK50
				Battalion CLO XI Ltd.
				07132MAC1
				
					
				
				5000000
				PA
				USD
				4044093.76
				7.7402301132
				Long
				
				
				KY
				
				Y
				
				3
				
					2029-10-24
					None
					21.6262
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				DRSLF 2015-38X SUB
				549300ARO9JRDQL4OE07
				Dryden 38 Senior Loan Fund
				26251EAC4
				
					
				
				2600000
				PA
				USD
				1615337.11
				3.0916891852
				Long
				
				
				KY
				
				Y
				
				3
				
					2030-07-15
					None
					13.6518
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				ANCHC 2018-1RA SUB
				549300L8BI45FDIJHO17
				Anchorage Capital CLO 1-R Ltd.
				03329BAC7
				
					
				
				2100000
				PA
				USD
				1648350.8
				3.1548760381
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-04-13
					None
					16.9215
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				HLA 2018-1X SUB  Variable  7/21/31
				N/A
				Halcyon Loan Advisors Funding 2018-1 Ltd.
				40539HAC2
				
					
				
				3000000
				PA
				USD
				1853757.13
				3.5480153557
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-07-20
					None
					15.109
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				AWPT 2017-8A SUB
				549300OBPZDY731NEI33
				Elevation CLO 2017-8, Ltd.
				28622TAJ4
				
					
				
				2000000
				PA
				USD
				1078764.1
				2.064710382
				Long
				
				
				KY
				
				Y
				
				3
				
					2030-10-25
					None
					10.2235
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				FLAT 2018-1A SUB
				5493008L4GGS612L9S27
				Flatiron CLO 18 Ltd.
				33883HAC9
				
					
				
				4500000
				PA
				USD
				3614683.22
				6.9183558962
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-04-17
					None
					16.7642
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				Niagra Park CLO, LTD
				N/A
				Niagara Park CLO, Ltd.
				65357KAC1
				
					
				
				2000000
				PA
				USD
				1695374.53
				3.2448775348
				Long
				
				
				KY
				
				Y
				
				3
				
					2032-07-17
					None
					19.6366
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				VIBR 2018-10X SUB
				N/A
				Vibrant CLO X Ltd.
				92558LAC0
				
					
				
				5000000
				PA
				USD
				3066882.93
				5.869888538
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-10-20
					None
					15.7575
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				MIDO2018-8X,INC
				549300T32RO3I7BJ4V26
				MidOcean Credit CLO VIII Ltd.
				59801NAE6
				
					
				
				3225000
				PA
				USD
				2207384.18
				4.2248430713
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-02-20
					None
					18.02
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				DRSLF 2015-41A SUB
				5493000CMI5L15ZSNM78
				Dryden 41 Senior Loan Fund
				26244LAA2
				
					
				
				2600000
				PA
				USD
				1516427.76
				2.9023807332
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-04-15
					None
					15.7215
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				Apex Credit CLO 2020 
				N/A
				Apex Credit CLO 2020 Ltd.
				03756BAE5
				
					
				
				6170000
				PA
				USD
				5421191.46
				10.3759388081
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-11-19
					None
					14.16
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				BlueMountain Fuji U.S. CLO III, Ltd
				549300EY8WEC9D18YD37
				BlueMountain Fuji U.S. CLO III, Ltd.
				09628HAE5
				
					
				
				3701700
				PA
				USD
				2530353.82
				4.8429937576
				Long
				
				
				KY
				
				Y
				
				3
				
					2030-01-15
					None
					20.3084
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				MDPK 2017-23A SUB
				N/A
				Madison Park Funding XXIII, Ltd.
				55820UAC9
				
					
				
				4000000
				PA
				USD
				2780616.61
				5.3219865056
				Long
				
				
				KY
				
				Y
				
				3
				
					2047-07-27
					None
					16.9336
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				BATLN 2015-9A INC
				549300JMWGEYZEC6GK98
				Battalion CLO IX Ltd.
				07132HAA6
				
					
				
				1079022
				PA
				USD
				712873.45
				1.3644106374
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-07-15
					None
					22.1733
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				VOYA 2017-4A SUB
				N/A
				Voya CLO 2017-4, Ltd.
				92916UAB9
				
					
				
				1000000
				PA
				USD
				604931.59
				1.1578143305
				Long
				
				
				KY
				
				Y
				
				3
				
					2030-10-15
					None
					7.5044
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				Octagon Investment Partners 39, Ltd.
				N/A
				Octagon Investment Partners 39, Ltd.
				67592AAE0
				
					
				
				3600000
				PA
				USD
				2834142.63
				5.4244331194
				Long
				
				
				KY
				
				Y
				
				3
				
					2030-10-20
					None
					24.0825
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				FLTIR171,SUBORD
				N/A
				TCI-Flatiron CLO 2017-1, Ltd.
				33882FAB6
				
					
				
				3000000
				PA
				USD
				2058502.15
				3.9398889529
				Long
				
				
				KY
				
				Y
				
				3
				
					2030-05-15
					None
					19.45
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				MIDOCC7,SUBORD
				5493004MLF21SFT7F415
				MidOcean Credit CLO VII Ltd.
				59802YAG6
				
					
				
				3275000
				PA
				USD
				1252985.34
				2.3981627122
				Long
				
				
				KY
				
				Y
				
				3
				
					2029-07-15
					None
					0
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				DRSLF 2017-53A
				N/A
				Dryden 53 CLO, Ltd.
				26243GAC0
				
					
				
				3200000
				PA
				USD
				2262973.16
				4.3312381062
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-01-15
					None
					18.7938
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				CROWPT4,SUBORD
				N/A
				Crown Point CLO 4 Ltd.
				22846PAC0
				
					
				
				5000000
				PA
				USD
				3443031.54
				6.5898215987
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-04-20
					None
					13.445
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				ATCLO 2018-10A SUB
				N/A
				Atlas Senior Loan Fund X Ltd.
				04941QAC0
				
					
				
				5000000
				PA
				USD
				1971545.2
				3.7734569059
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-01-15
					None
					3.8846
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				WINDR 2014-3A
				254900ZK5ODN8CA7YX85
				THL Credit Wind River 2014-3 CLO Ltd.
				88432JAA9
				
					
				
				2778000
				PA
				USD
				1336858.31
				2.5586921477
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-10-22
					None
					9.5618
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				ZCLO3 2015-3A INC
				549300SYHU0CNKIXQ691
				ZAIS CLO 3, Limited
				98887KAA5
				
					
				
				1038255
				PA
				USD
				273802.68
				0.5240471351
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-07-15
					None
					9.0896
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				ZCLO3 2015-3A SUB
				549300SYHU0CNKIXQ691
				ZAIS CLO 3, Limited
				98887JAE0
				
					
				
				1761745
				PA
				USD
				464597.32
				0.8892202753
				Long
				
				
				KY
				
				Y
				
				3
				
					2031-07-15
					None
					9.0896
					N
					N
					N
				
				
					N
					N
					N
				
			
		
		
			
			
		
		
			2021-03-11
			OFS Credit Company, Inc.
			/s/ Bilal Rashid
			Bilal Rashid
			President
		
	
	XXXX



OFS Credit Company, Inc.

Schedule of Investments

January 31, 2021

(unaudited)

 

Company and
Investment
  Effective Yield (3)   Initial Acquisition Date  Maturity (6)   Principal
Amount
   Amortized Cost   Fair Value (5)   Percent of
Net Assets
 
Structured Finance (1) (2) (7)                                 
Allegro CLO VII, Ltd.                                 
Subordinated Notes   12.94%  2/14/2019   6/13/2031   $3,100,000   $2,321,568   $2,005,830    3.8%
                                  
Anchorage Capital CLO 1-R Ltd.                                 
Subordinated Notes   16.92%  10/5/2018   4/13/2031    2,100,000    1,648,560    1,648,351    3.2 
                                  
Apex Credit CLO 2020                                 
Subordinated Notes   14.16%  11/16/2020   11/19/2031    6,170,000    5,330,953    5,421,191    10.4 
                                  
Atlas Senior Loan Fund X Ltd.                                 
Subordinated Notes   3.88%  10/5/2018   1/15/2031    5,000,000    3,187,867    1,971,545    3.8 
                                  
Atlas Senior Loan Fund IX Ltd.                                 
Subordinated Notes (4)   %  10/5/2018   4/20/2028    1,200,000    584,177    272,008    0.5 
                                  
Battalion CLO IX Ltd.                                 
Income Notes   22.17%  10/10/2018   7/15/2031    1,079,022    707,046    712,873    1.4 
Subordinated Notes   22.18%  10/10/2018   7/15/2031    1,770,978    1,160,347    1,170,025    2.2 
                 2,850,000    1,867,394    1,882,899    3.6 
Battalion CLO XI Ltd.                                 
Subordinated Notes   21.63%  3/20/2019   10/24/2029    5,000,000    3,941,993    4,044,094    7.8 
                                  
BlueMountain Fuji U.S. CLO III, Ltd.                                 
Subordinated Notes   20.31%  9/18/2019   1/15/2030    3,701,700    2,670,930    2,530,354    4.8 
                                  
Crown Point CLO 4 Ltd.                                 
Subordinated Notes   13.45%  3/22/2019   4/20/2031    5,000,000    3,968,270    3,443,032    6.6 

 

1 

 

OFS Credit Company, Inc.

Schedule of Investments

January 31, 2021

(unaudited)

 

Company and
Investment
  Effective
Yield (3)
   Initial Acquisition Date  Maturity (6)   Principal
Amount
   Amortized Cost   Fair Value (5)   Percent of
Net Assets
 
Dryden 30 Senior Loan Fund                                 
Subordinated Notes   2.91%  10/5/2018   11/15/2028    1,000,000    450,306    435,527    0.8 
                                  
Dryden 38 Senior Loan Fund                                 
Subordinated Notes   13.65%  10/5/2018   7/15/2030    2,600,000    1,687,109    1,615,337    3.1 
                                  
Dryden 41 Senior Loan Fund                                 
Subordinated Notes   15.72%  10/5/2018   4/15/2031    2,600,000    1,543,114    1,516,428    2.9 
                                  
Dryden 53 CLO, Ltd.                                 
Income Notes   18.79%  10/5/2018   1/15/2031    3,200,000    2,275,216    2,262,973    4.3 
Subordinated Notes   23.24%  10/1/2019   1/15/2031    500,000    328,379    353,590    0.7 
                 3,700,000    2,603,594    2,616,563    5.0 
Dryden 76 CLO, Ltd.                                 
Subordinated Notes   17.90%  9/27/2019   10/20/2032    2,250,000    1,797,032    1,828,037    3.5 
                                  
Elevation CLO 2017-7, Ltd.                                 
Subordinated Notes   11.95%  10/5/2018   7/15/2030    4,750,000    3,238,480    2,861,782    5.5 
                                  
Elevation CLO 2017-8, Ltd.                                 
Subordinated Notes   10.22%  10/5/2018   10/25/2030    2,000,000    1,363,811    1,078,764    2.1 
                                  
TCI-Flatiron CLO 2017-1, Ltd.                                 
Subordinated Notes   19.45%  3/22/2019   5/15/2030    3,000,000    1,942,644    2,058,502    3.9 
                                  
Flatiron CLO 18 Ltd.                                 
Subordinated Notes   16.76%  10/5/2018   4/17/2031    4,500,000    3,567,522    3,614,683    7.0 
                                  
Greenwood Park CLO, Ltd.                                 
Subordinated Notes   12.77%  10/5/2018   4/15/2031    4,000,000    3,141,415    3,019,891    5.8 

 

2 

 

OFS Credit Company, Inc.

Schedule of Investments

January 31, 2021

(unaudited)

 

Company and
Investment
   Effective Yield (3)   Initial Acquisition Date   Maturity (6)   Principal
Amount
   Amortized Cost    Fair Value (5)   Percent of
Net Assets
 
Halcyon Loan Advisors Funding 2018-1 Ltd.                                 
Subordinated Notes   15.11%  3/20/2019   7/20/2031    3,000,000    2,232,402    1,853,757    3.5 
                                  
HarbourView CLO VII-R, Ltd.                                 
Subordinated Notes (4)   —%   10/5/2018   11/18/2026    3,100,000    1,886,533    145,380    0.3 
                                  
Madison Park Funding XXIII, Ltd.                                 
Subordinated Notes   16.93%  10/5/2018   7/27/2047    4,000,000    2,917,048    2,780,617    5.3 
                                  
Madison Park Funding XXIX, Ltd.                                 
Subordinated Notes   18.81%  12/22/2020   10/18/2047    1,000,000    756,240    763,577    1.5 
                                  
Marble Point CLO X Ltd.                                 
Subordinated Notes   5.26%  10/5/2018   10/15/2030    7,000,000    4,707,136    3,264,981    6.2 
                                  
Marble Point CLO XI Ltd.                                 
Income Notes   3.06%  10/5/2018   12/18/2047    1,500,000    1,107,687    694,649    1.3 
                                  
MidOcean Credit CLO VII Ltd.                                 
Income Notes (4)   —%   3/20/2019   7/15/2029    3,275,000    1,901,335    1,252,985    2.4 
                                  
MidOcean Credit CLO VIII Ltd.                                 
Income Notes   18.02%  1/14/2019   2/20/2031    3,225,000    2,338,141    2,207,384    4.2 
                                  
MidOcean Credit CLO IX Ltd.                                 
Income Notes   14.27%  11/21/2018   7/20/2031    3,000,000    2,018,444    1,835,160    3.5 
                                  
Niagara Park CLO, Ltd.                                 
Subordinated Notes   19.64%  11/8/2019   7/17/2032    2,000,000    1,497,762    1,695,375    3.2 
                                  

 

3 

 

OFS Credit Company, Inc.

Schedule of Investments

January 31, 2021

(unaudited)

 

Company and
Investment
   Effective Yield (3)   Initial Acquisition Date   Maturity (6)   Principal
Amount
   Amortized Cost    Fair Value (5)   Percent of
Net Assets
 
Octagon Investment Partners 39, Ltd.                                 
Subordinated Notes   24.08%  2/27/2020   10/20/2030    3,600,000    2,394,101    2,834,143    5.4 
                                  
Sound Point CLO IV-R, Ltd.                                 
Subordinated Notes   5.74%  11/2/2018   4/18/2031    4,000,000    1,388,262    1,007,234    1.9 
                                  
THL Credit Wind River 2014-3 CLO Ltd.                                 
Subordinated Notes   9.56%  10/10/2018   10/22/2031    2,778,000    1,889,061    1,336,858    2.6 
                                  
Venture 33 CLO Limited                                 
Subordinated Notes   8.49%  3/21/2019   7/15/2031    3,150,000    2,285,800    1,425,928    2.7 
                                  
Vibrant CLO X Ltd.                                 
Subordinated Notes   15.76%  5/23/2019   10/20/2031    5,000,000    3,455,764    3,066,883    5.9 
                                  
Voya CLO 2017-4, Ltd.                                 
Subordinated Notes   7.50%  10/5/2018   10/15/2030    1,000,000    775,400    604,932    1.2 
                                  
ZAIS CLO 3, Limited                                 
Income Notes   9.09%  10/10/2018   7/15/2031    1,038,255    678,717    273,803    0.5 
Subordinated Notes   9.09%  10/10/2018   7/15/2031    1,761,745    1,151,670    464,597    0.9 
                 2,800,000    1,830,387    738,400    1.4 
                                  
Total Structured Finance Notes               $117,949,700   $82,238,242   $71,373,059    136.6%

 

4 

 

OFS Credit Company, Inc.

Schedule of Investments

January 31, 2021

(unaudited)

 

(1)These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act of 1933, as amended.
(2)Structured finance investments, including income notes and subordinated notes, are considered CLO subordinated debt positions. CLO subordinated debt positions are entitled to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying securities less contractual payments to debt holders and fund expenses. These securities are colloquially referred to as CLO equity.
(3)The rate disclosed is the estimated effective yield, generally established at purchase and re-evaluated upon receipt of distributions, and based upon projected amounts and timing of future distributions and the projected amount and timing of terminal principal payments at the time of estimation. The estimated effective yield and investment cost may ultimately not be realized. As of January 31, 2021, the Company's weighted-average effective yield on its aggregate CLO structured finance positions, based on current amortized cost, was 13.47%.
(4)As of January 31, 2021, the effective accretable yield has been estimated to be 0%, as the aggregate amount of projected distributions, including projected distributions related to liquidation of the underlying portfolio upon the security's anticipated optional redemption, is less than current amortized cost. Projected distributions are periodically monitored and re-evaluated. All actual distributions will be recognized as reductions to amortized cost until such time, if and when occurring, a future aggregate amount of then-projected distributions exceeds the security's then-current amortized cost.
(5)The fair value of all investments was determined using significant, unobservable inputs, and was determined in good faith by the board of directors of the Company.
(6)Maturity date represents the contractual maturity date of the CLO subordinated debt positions. Projected cash flows, including the projected amount and timing of terminal principal payments which may be projected to occur prior to the contractual maturity date, were utilized in deriving the effective yield of the investments.
(7)We do not "control" and are not an "affiliate" of any of our portfolio investments, each as defined in the Investment Company Act of 1940, as amended (the "1940 Act"). In general, under the 1940 Act, we would be presumed to "control" a portfolio investment if we owned 25% or more of its voting securities and would be an "affiliate" of a portfolio investment if we owned 5% or more of its voting securities.

 

5 

 



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