Business: Eagle Point Credit Company, Inc., 6.50% Series C Cumulative Term Preferred Stock due 2031, liquidation preference $25 per share, redeemable at the issuer's option on or after 06/16/2024 at $25 per share plus accrued and unpaid dividends, and mandatorily redeemable on 06/30/2031 at $25 per share plus accrued and unpaid dividends. <p> Cumulative distributions of 6.50% ($1.625 per annum or $0.135416667 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 dividends on the Series C Term Preferred Stock will not qualify for the dividend received deduction or for taxation as qualified dividend income (see page 104 of the prospectus for further information). <p> If the Company fails to redeem the preferred pursuant to the mandatory redemption required on 06/30/2031, or fails to make a dividend payment, then the Fixed Dividend Rate will increase by 2.00% per annum for so long as such failure continues (see prospectus for further information). 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.