Eagle Point Credit Co. 6.75% Series D Cumulative Preferred Stock (ECC-D)
NYSE · Preferred · CUSIP 269809802
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Security Details

Coupon Rate
6.75%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
11/29/2026
Maturity Date
None
Distribution Period
M
Rate Type
Fixed
Annual Distribution
1.6875
Distribution Dates
Last day of the Month
Credit Ratings
Moody's NR · S&P NR (3/19/2024)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Traditional Preferred Stock »
CUSIP
269809802
Market Cap
Micro Cap
IPO
11/17/2021 · $25.00/share
Previous Symbol
EPCCP (changed 12/1/2021)
Parent Company
Eagle Point Credit Co (ECC)
Business: Eagle Point Credit Company, Inc., 6.75% Series D Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 11/29/2026 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 6.75% ($1.6875 per annum or $0.140625 per month) will be paid monthly on the last calendar day of each month to holders of record on the record date fixed by the board, not more than 20 days or less than 7 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> The Company is required to redeem the preferred at $25 per share plus accrued and unpaid dividends if they fail to maintain an asset coverage ratio of 200% (see prospectus for further information). <p> This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB by Egan-Jones Ratings Co at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: The 6.75% Series D preferred shares were issued on11/17/2021 and started trading temporarily on the Other OTC market 11/22/2021 under the ticker symbol EPCCV until they start trading on the NYSE. The shares are expected to start trading on the NYSE within 30 days of their issue date under their permanent ticker symbol of ECCD. For information on securities trading on the Other OTC, see our discussion on this subject on our What Income Investors Should Know page which can be found on our Information menu at the top of any page.

Company Contact

CEO
Thomas P. Majewski
CFO
Kenneth P. Onorio
Headquarters
20 Horseneck Lane, Greenwich, CT 06830
Phone
203-862-3150
Investor Relations
ICR, Inc. · 203-340-8510 · ir@EaglePointCredit.com
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