OFS Capital Corporation Announces $10 Million Stock Repurchase Program
May 23 2018 - 8:00AM
Business Wire
OFS Capital Corporation (Nasdaq: OFS) (“OFS” or “OFS
Capital”) announced today that its Board of Directors has approved
a stock repurchase program whereby OFS is authorized to repurchase
up to $10 million in the aggregate of its outstanding common
stock.
Under the program, OFS is authorized to repurchase shares in
open market transactions, including through block purchases,
depending on prevailing market conditions and other factors.
The repurchase program may be extended, modified or discontinued
at any time for any reason. The program does not obligate OFS to
acquire any specific number of shares, and all repurchases will be
made in accordance with SEC Rule 10b-18, which sets certain
restrictions on the method, timing, price and volume of stock
repurchases.
About OFS Capital Corporation
OFS Capital Corporation is an externally managed, closed-end,
non-diversified management investment company that has elected to
be regulated as a business development company. OFS Capital's
investment objective is to provide stockholders with both current
income and capital appreciation primarily through debt investments
and, to a lesser extent, equity investments. OFS Capital invests
primarily in privately held middle-market companies in the United
States, including lower-middle-market companies, targeting
investments of $3 to $20 million in companies with annual EBITDA
between $3 million and $50 million. OFS Capital offers flexible
solutions through a variety of asset classes including senior
secured loans, which includes first-lien, second-lien and
unitranche loans, as well as subordinated loans and, to a lesser
extent, warrants and other equity securities. OFS Capital's
investment activities are managed by OFS Capital Management, LLC,
an investment adviser registered under the Investment Advisers Act
of 1940 and headquartered in Chicago, Illinois, with additional
offices in New York and Los Angeles.
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version on businesswire.com: https://www.businesswire.com/news/home/20180523005355/en/
Investor Relations:OFS Capital CorporationSteve Altebrando,
646-652-8473saltebrando@ofsmanagement.com
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