Eagle Point Credit Co., 6.6875% Notes due 4/30/2028 (ECCX)
NYSE · · CUSIP 269809505
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Security Details

Coupon Rate
6.69%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
4/30/2021
Maturity Date
4/30/2028
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.67
Distribution Dates
3/31, 6/30, 9/30 & 12/31
Credit Ratings
Moody's NF · S&P NF (4/21/2024)
Tax-Advantaged Dividends
No

Security Profile

Security has been called for May 8, 2026.
Security Type
Exchange-Traded Debt Security »
CUSIP
269809505
Market Cap
Micro Cap
IPO
4/17/2018 · $25.00/share
Parent Company
Eagle Point Credit Company, Inc. (ECC)
Business: Eagle Point Credit Company, Inc., 6.6875% Notes due 2028, issued in $25 denominations, redeemable at the issuer's option on or after 4/30/2021 at $25 per note plus accrued and unpaid interest, and maturing 4/30/2028. <p> Interest distributions of 6.6875% per annum ($1.671875 per annum or $0.417969 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> If the issuer fails to maintain asset coverage the issuer will be required to redeem an aggregate principal amount of securities (see prospectus for further information). <p> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: Eagle Point Credit Company Inc. Announces Full Redemption of 6.75% Notes Due 2031 and 6.6875% Notes Due 2028 Business Wire · Apr-06-2026 6:15 PM ET GREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Credit Company Inc. (ECC.NaE) (the “Company”) announced today that it will redeem all of the aggregate principal amount of the outstanding 6.75% notes due 2031 and 6.6875% notes due 2028 (collectively, the “Notes”) on May 8, 2026 (the “Redemption Date”), following which the Notes will be delisted from the New York Stock Exchange. The redemption price of the Notes will be $25.00, plus accrued and unpaid interest up to, but excluding, the Redemption Date.

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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