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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
- 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