OFS Credit Company, Inc.

Schedule of Investments

As of July 31, 2026

(Unaudited)

 

Company and Investment(1)(2)  Interest
Rate /
Effective Yield(3)
  Initial
Acquisition
Date
  Maturity  Principal
Amount
   Amortized
Cost
   Fair Value (4)   Percent
of Net
Assets
 
CLO Equity Securities(5)                             
                              
Allegro CLO XIV, Ltd.                             
Subordinated Notes  13.19%  8/23/2021  10/15/2038  $8,781,500   $5,526,027   $3,622,276    3.7%
                              
Allegro CLO XV, Ltd.                             
Subordinated Notes  17.05%  6/10/2022  4/20/2038   5,350,462    3,326,892    2,548,663    2.6%
                              
Allegro CLO XVI, Ltd.                             
Subordinated Notes  14.15%  4/11/2024  4/25/2037   6,490,084    4,592,050    3,304,259    3.4%
                              
Allegro CLO XVII, Ltd.                             
Subordinated Notes  17.50%  6/18/2025  7/25/2038   9,670,177    7,379,364    6,640,705    6.8%
                              
Anchorage Capital CLO 1-R, Ltd.                             
Subordinated Notes(7)(9)  0.00%  10/5/2018  4/13/2031   2,100,000    142,577    1,428    —%
                              
Apex Credit CLO 2020 Ltd.                             
Subordinated Notes  4.34%  11/16/2020  4/20/2035   6,170,000    4,834,851    1,635,727    1.6%
                              
Apex Credit CLO 2021 Ltd.                             
Subordinated Notes(6)  0.00%  5/28/2021  7/18/2034   7,140,000    3,795,166    840,786    0.9%
                              
Apex Credit CLO 2022-I Ltd.                             
Subordinated Notes  12.35%  4/28/2022  10/22/2038   14,060,974    8,255,173    3,601,368    3.7%
                              
Apex Credit CLO 2024-I Ltd.                             
Subordinated Notes  16.40%  3/7/2024  4/20/2036   3,600,000    2,501,933    1,716,298    1.8%
                              
Apex Credit CLO 13 Ltd.                             
Subordinated Notes  20.28%  1/23/2025  1/22/2039   10,958,237    8,192,961    8,420,980    8.6%
                              
Ares LV CLO Ltd.                             
Subordinated Notes  17.90%  11/19/2025  10/15/2037   3,800,000    2,331,795    1,882,127    1.9%
                              
Ares LXXIV CLO Ltd.                             
Subordinated Notes  13.04%  9/12/2024  10/15/2037   10,000,000    8,072,042    5,934,980    6.1%
                              
Atlas Senior Loan Fund X, Ltd.                             
Subordinated Notes(6)(7)  0.00%  10/5/2018  1/15/2031   5,000,000    1,990,754    —    —%
                              
Atlas Senior Loan Fund XVII, Ltd.                             
Subordinated Notes  0.48%  9/20/2021  10/20/2034   6,000,000    3,371,296    1,433,672    1.5%

1

 

OFS Credit Company, Inc.

Schedule of Investments

As of July 31, 2026

(Unaudited)

 

Company and Investment(1)(2)  Interest
Rate /
Effective Yield(3)
  Initial
Acquisition
Date
  Maturity  Principal
Amount
   Amortized
Cost
   Fair Value (4)   Percent
of Net
Assets
 
Ballyrock CLO 19 Ltd.                             
Subordinated Notes  19.73%  6/30/2025  4/20/2035   4,300,000    1,756,698    1,385,836    1.4%
                              
Barings CLO Ltd. 2018-II                             
Subordinated Notes  13.17%  2/19/2025  7/15/2036   4,750,000    2,294,011    1,388,150    1.4%
                              
Battalion CLO IX Ltd.                             
Subordinated Notes - Income(6)(7)  0.00%  10/10/2018  7/15/2031   1,079,022    408,304    —    —%
Subordinated Notes(6)(7)  0.00%  10/10/2018  7/15/2031   1,770,978    670,114    —    —%
             2,850,000    1,078,418    —    —%
Battalion CLO XI Ltd.                             
Subordinated Notes(6)(7)  0.00%  3/20/2019  4/24/2034   5,000,000    2,569,438    566,356    0.6%
                              
Battalion CLO XV Ltd.                             
Subordinated Notes  2.98%  5/04/2023  1/17/2033   3,500,000    1,272,981    365,150    0.4%
Subordinated Notes  2.98%  5/04/2023  1/17/2033   3,500,000    1,272,981    365,150    0.4%
             7,000,000    2,545,962    730,300    0.8%
Battalion CLO XIX Ltd.                             
Subordinated Notes(6)  0.00%  3/16/2021  4/15/2034   5,000,000    1,973,935    379,456    0.4%
                              
BlueMountain CLO XXVI Ltd.                             
Subordinated Notes  12.26%  8/9/2024  10/20/2034   4,000,000    2,086,644    1,444,748    1.5%
                              
Bridge Street CLO III Ltd.                             
Subordinated Notes  34.03%  12/28/2022  10/20/2037   6,900,000    3,508,313    3,690,899    3.8%
                              
Brightwood Capital MM CLO 2023-1, Ltd.                             
Subordinated Notes  26.79%  9/28/2023  10/15/2035   4,847,312    3,630,235    3,757,448    3.8%
                              
Canyon CLO 2019-1, Ltd.                             
Subordinated Notes  13.04%  8/22/2024  7/15/2037   1,000,000    516,699    334,655    0.3%
                              
Carlyle US CLO 2021-10, Ltd.                             
Subordinated Notes  16.19%  5/09/2025  1/20/2038   7,900,342    3,665,696    2,597,170    2.6%
                              
Dryden 38 Senior Loan Fund                             
Subordinated Notes(7)(9)  0.00%  10/5/2018  7/15/2030   2,600,000    678,062    30,160    —%
                              
Dryden 83 CLO, Ltd.                             
Subordinated Notes  16.86%  9/17/2024  4/18/2037   15,000,000    7,286,255    5,529,710    5.6%
                              
Dryden 87 CLO, Ltd.                             
Subordinated Notes  10.09%  6/2/2021  8/20/2038   7,078,500    4,602,815    2,723,602    2.8%

2

 

OFS Credit Company, Inc.

Schedule of Investments

As of July 31, 2026

(Unaudited)

 

Company and Investment(1)(2)  Interest
Rate /
Effective Yield(3)
  Initial
Acquisition
Date
  Maturity  Principal
Amount
   Amortized
Cost
   Fair Value (4)   Percent
of Net
Assets
 
Dryden 95 CLO, Ltd.                             
Subordinated Notes(6)  0.00%  7/29/2021  8/20/2034   6,000,000    3,703,244    1,888,633    1.9%
                              
Dryden 98 CLO, Ltd.                             
Subordinated Notes  1.80%  3/17/2022  4/20/2035   5,500,000    3,570,488    1,828,760    1.9%
                              
Dryden 112 CLO, Ltd.                             
Subordinated Notes  22.91%  9/4/2024  11/15/2036   11,200,000    6,223,464    4,907,305    5.0%
                              
Dryden 123 CLO, Ltd.                             
Subordinated Notes  15.01%  4/4/2025  4/15/2038   5,000,000    4,237,586    3,560,510    3.6%
                              
Eaton Vance CLO 2019-1, Ltd.                             
Subordinated Notes  10.89%  10/1/2024  7/15/2037   26,600,000    13,184,857    7,910,573    8.1%
                              
Elevation CLO 2017-8, Ltd.                             
Subordinated Notes(7)(9)  0.00%  10/5/2018  10/25/2030   2,000,000    614,661    —    —%
                              
Elevation CLO 2021-12, Ltd.                             
Subordinated Notes  8.01%  5/26/2021  4/20/2037   4,810,737    2,609,730    1,367,386    1.4%
                              
Elevation CLO 2021-13, Ltd.                             
Subordinated Notes(6)  0.00%  6/9/2021  7/15/2034   6,026,765    3,058,371    1,115,701    1.1%
                              
Elevation CLO 2021-14, Ltd.                             
Subordinated Notes  9.75%  10/29/2021  1/20/2038   11,971,482    6,626,336    2,925,581    3.0%
                              
Elevation CLO 2021-15, Ltd.                             
Subordinated Notes(6)  0.00%  12/23/2021  1/25/2035   9,000,000    4,927,174    1,386,955    1.4%
                              
Empower CLO 2023-3, Ltd.                             
Subordinated Notes  13.28%  12/21/2023  1/20/2039   10,675,000    7,111,733    4,740,371    4.8%
                              
Empower CLO 2024-1, Ltd.                             
Subordinated Notes  6.26%  3/20/2024  4/25/2037   5,024,000    3,776,706    1,912,478    2.0%
                              
Empower CLO 2024-2, Ltd.                             
Subordinated Notes  3.71%  6/26/2024  7/15/2037   1,350,000    1,091,331    610,991    0.6%
                              
Empower CLO 2025-1, Ltd.                             
Subordinated Notes  12.38%  5/15/2025  7/20/2038   10,450,000    7,451,530    5,754,133    5.9%
                              
Halcyon Loan Advisors Funding 2018-1 Ltd.                             
Subordinated Notes(7)(9)  0.00%  3/20/2019  7/20/2031   3,000,000    1,190,676    71,700    0.1%

3

 

OFS Credit Company, Inc.

Schedule of Investments

As of July 31, 2026

(Unaudited)

 

Company and Investment(1)(2)  Interest
Rate /
Effective Yield(3)
  Initial
Acquisition
Date
  Maturity  Principal
Amount
   Amortized
Cost
   Fair Value (4)   Percent
of Net
Assets
 
HarbourView CLO VII, Ltd.                             
Subordinated Notes(7)(9)  0.00%  10/5/2018  7/18/2031   3,100,000    1,886,533    —    —%
                              
ICG US CLO 2021-3, Ltd.                             
Subordinated Notes  14.76%  8/8/2024  10/20/2034   6,800,000    2,938,889    2,046,838    2.1%
                              
Invesco CLO 2021-2, Ltd.                             
Subordinated Notes(6)  0.00%  5/24/2024  7/15/2034   6,000,000    2,461,939    739,831    0.8%
                              
Invesco U.S. CLO 2023-1, Ltd.                             
Subordinated Notes  16.98%  5/31/2024  4/22/2037   9,000,000    6,331,110    4,519,982    4.6%
                              
Jamestown CLO XVI Ltd.                             
Subordinated Notes(6)  0.00%  7/29/2021  7/25/2034   3,500,000    1,930,809    828,979    0.8%
                              
Kennedy Lewis CLO 14 Ltd. (F/K/A Generate CLO 14 Ltd.)                             
Subordinated Notes  11.47%  9/27/2024  4/22/2037   21,000,000    16,046,696    9,540,935    9.7%
                              
KKR CLO 35 Ltd.                             
Subordinated Notes  17.06%  6/5/2025  1/20/2038   7,000,000    4,504,204    3,391,275    3.5%
                              
LCM 31 Ltd.                             
Subordinated Notes(6)  0.00%  12/18/2020  7/20/2034   1,350,000    645,657    162,205    0.2%
                              
LCM 42 Ltd.                             
Subordinated Notes  15.94%  12/19/2024  1/15/2038   3,500,000    2,886,475    2,179,135    2.2%
                              
Marble Point CLO XX Ltd.                             
Subordinated Notes(6)  0.00%  4/9/2021  4/23/2051   5,125,000    2,869,047    1,051,058    1.1%
                              
Marble Point CLO XXI Ltd.                             
Subordinated Notes  0.40%  8/24/2021  10/17/2051   5,250,000    3,016,596    1,323,112    1.3%
                              
Marble Point CLO XXIII Ltd.                             
Subordinated Notes(6)  0.00%  12/3/2021  1/22/2052   1,750,000    1,081,394    411,517    0.4%
                              
New Mountain CLO 2 Ltd.                             
Subordinated Notes  17.91%  4/1/2025  4/15/2034   11,250,000    6,890,108    5,470,807    5.6%
                              
Niagara Park CLO, Ltd.                             
Subordinated Notes  11.01%  11/8/2019  1/17/2038   4,500,000    3,087,221    1,696,508    1.7%
                              
Northwoods Capital XI-B, Limited                             
Subordinated Notes  21.68%  3/31/2025  7/19/2037   34,632,954    7,617,448    7,645,917    7.8%

4

 

OFS Credit Company, Inc.

Schedule of Investments

As of July 31, 2026

(Unaudited)

 

Company and Investment(1)(2)  Interest
Rate /
Effective Yield(3)
  Initial
Acquisition
Date
  Maturity  Principal
Amount
   Amortized
Cost
   Fair Value (4)   Percent
of Net
Assets
 
OCP CLO 2017-14, Ltd.                             
Subordinated Notes  6.73%  9/24/2024  7/20/2037   10,000,000    4,288,436    2,260,768    2.3%
                              
Park Blue CLO 2022-I, Ltd.                             
Subordinated Notes  14.32%  3/18/2025  10/20/2037   10,000,000    6,201,105    4,140,027    4.2%
                              
Park Blue CLO 2022-II, Ltd.                             
Subordinated Notes  13.05%  9/27/2024  7/20/2037   5,325,000    4,187,977    3,148,115    3.2%
                              
Park Blue CLO 2023-3, Ltd.                             
Subordinated Notes  16.35%  7/9/2025  4/20/2038   14,500,000    8,192,249    5,921,690    6.0%
                              
PPM CLO 2 Ltd.                             
Subordinated Notes  4.06%  10/15/2024  4/16/2037   2,000,000    695,942    254,231    0.3%
                              
Regatta XIX Funding Ltd.                             
Subordinated Notes  19.69%  11/7/2025  10/20/2038   1,000,000    624,094    536,226    0.5%
                              
Rockford Tower CLO 2019-1, Ltd.                             
Subordinated Notes(6)  0.00%  8/25/2023  4/20/2034   4,500,000    1,918,495    681,956    0.7%
                              
Rockford Tower CLO 2025-1, Ltd.                             
Subordinated Notes  17.18%  3/7/2025  3/31/2038   8,000,000    5,945,991    4,839,662    4.9%
                              
Signal Peak CLO 7, Ltd.                             
Subordinated Notes  14.56%  2/4/2025  10/20/2037   5,674,500    2,744,652    1,556,451    1.6%
                              
Sound Point CLO IV-R, Ltd.                             
Subordinated Notes(6)(7)  0.00%  11/2/2018  4/18/2031   4,000,000    599,847    —    —%
                              
Steele Creek CLO 2022-1, Ltd.                             
Subordinated Notes  2.28%  3/28/2022  4/15/2038   6,339,779    3,764,961    1,400,747    1.4%
                              
Trimaran CAVU 2021-2 Ltd.                             
Subordinated Notes  21.76%  8/20/2024  10/25/2034   2,000,000    810,673    637,505    0.7%
                              
Trinitas CLO VIII, Ltd.                             
Subordinated Notes(6)(7)  0.00%  4/28/2021  7/20/2117   2,800,000    1,248,940    —    —%
                              
Vibrant CLO X, Ltd.                             
Subordinated Notes(7)(9)  0.00%  5/23/2019  10/20/2031   8,000,000    2,720,176    —    —%
                              
Vibrant CLO XIII, Ltd.                             
Subordinated Notes  9.52%  6/3/2021  1/15/2038   5,000,000    3,741,205    1,833,198    1.9%

5

 

OFS Credit Company, Inc.

Schedule of Investments

As of July 31, 2026

(Unaudited)

 

Company and Investment(1)(2)  Interest
Rate /
Effective Yield(3)
  Initial
Acquisition
Date
  Maturity  Principal
Amount
   Amortized
Cost
   Fair Value (4)   Percent
of Net
Assets
 
Vibrant CLO XV, Ltd.                             
Subordinated Notes  11.40%  8/21/2023  1/20/2035   4,000,000    2,343,183    1,398,005    1.4%
                              
Voya CLO 2017-4, Ltd.                             
Subordinated Notes(7)(9)  0.00%  10/05/2018  10/15/2030   1,000,000    279,656    —    —%
                              
Wellfleet CLO 2021-1, Ltd.                             
Subordinated Notes  11.56%  7/30/2025  4/20/2034   4,830,000    1,475,241    812,177    0.8%
                              
Wildwood Park CLO, Ltd.                             
Subordinated Notes  13.09%  11/5/2024  10/20/2037   5,000,000    4,073,731    2,877,505    2.9%
                              
Zais CLO 3, Limited                             
Subordinated Notes - Income(6)(7)  0.00%  10/10/2018  7/15/2031   1,038,255    491,947    —    —%
Subordinated Notes(6)(7)  0.00%  10/10/2018  7/15/2031   1,761,745    834,659    —    —%
             2,800,000    1,326,606    —    —%
                              
Total CLO Equity Securities           $526,482,805   $293,261,235   $179,429,198    183.0%
                              
Other CLO equity-related investments                             
CLO other(8)                $1,644,519   $2,071,069    2.1%
                              
Total Investments           $526,482,805   $294,905,754   $181,500,267    185.1%
                              
Cash Equivalents                             
First American Treasury Obligations Fund Class Z(10)  3.57%        $7,779,807   $7,779,807   $7,779,807    7.9%
                              
Total Investments and Cash Equivalents           $534,262,612   $302,685,561   $189,280,074    193.0%

 

(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)OFS Credit Company, Inc. (the “Company”) does not “control” and is not an “affiliate” of any of its portfolio investments, each as defined in the Investment Company Act of 1940, as amended (the “1940 Act”). In general, under the 1940 Act, the Company would be presumed to “control” a portfolio investment if it owned 25% or more of its voting securities and would be an “affiliate” of a portfolio investment if the Company owned 5% or more of its voting securities.
(3)The rate disclosed on collateralized loan obligation (“CLO”) equity and equity-related securities is the estimated effective yield, generally established at purchase, and re-evaluated upon the receipt of the initial distribution and each subsequent quarter thereafter. The estimated effective yield is based upon projected amounts and timing of future distributions and the projected amounts and timing of terminal principal payments at the time of estimation. The estimated effective yield and investment cost may ultimately not be realized. Projected cash flows, including the amounts and timing of terminal principal payments, which generally are projected to occur prior to the contractual maturity date, were utilized in deriving the effective yield of the investments. As of July 31, 2026, the Company’s weighted-average effective yield on its total investments, based on current amortized cost, was 11.67%. Excluding optionally redeemed CLOs, the weighted average effective yield on total investments, based on current amortized cost, was 11.98%.

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OFS Credit Company, Inc.

Schedule of Investments

As of July 31, 2026

(Unaudited)

 

(4)The fair value of all investments was determined in good faith by OFS Capital Management, LLC (the Company’s investment adviser) using significant, unobservable inputs. The fair value of the investments may differ significantly from the values that would have been used had a ready market or observable inputs existed for such investments and may differ materially from the values that may ultimately be received or settled.
(5)Subordinated notes and income notes are considered CLO equity securities. CLO equity securities are entitled to recurring distributions, which are generally equal to the residual cash flow payments made by underlying securities of the CLO less contractual payments to debt holders and CLO-fund expenses, subject to compliance with coverage tests and other provisions of the respective CLO indenture, as applicable.
(6)As of July 31, 2026, 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 redemption, is less than current amortized cost. Projected distributions are monitored and re-evaluated quarterly. All actual distributions received 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.
(7)Non-income producing. The Company has not recognized income on the security during the prior twelve-month period preceding the period-end date.
(8)Fair value represents discounted cash flows associated with fee rebates earned from CLO equity-related investments.
(9)As of July 31, 2026, the investment has been optionally redeemed and is in the process of liquidating. Commencing on the optional redemption date, the Company stops accruing interest income and remaining residual distributions are recognized as a return of capital up to the amount of current amortized cost, and realized gain for any amounts received in excess of current amortized cost, if applicable.
(10)Represents cash equivalents held in a money market fund as of July 31, 2026.

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