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Eagle Point Credit Co., 6.6875% Notes due 4/30/2028
Ticker Symbol: ECCX CUSIP: 269809505 Exchange: NYSE
QUANTUMONLINE.COM SECURITY DESCRIPTION: 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. 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). 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. 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). 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. 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.
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Go to Parent Company's Record (ECC)
Notes: January 14, 2022 -- Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCB, ECCC, ECC PRD, ECCW, ECCX, ECCY) announced today that it will redeem 50%, or $32,423,775 aggregate principal amount of the outstanding 6.875% notes due 2028 (NYSE: ECCX) (the “2028 Notes”) on February 14, 2022 (the “2028 Notes Redemption Date”).
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IPO - 4/17/2018 - 2.40 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $ Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 20 Horseneck Lane, Greenwich, CT 06830 |
Main Phone Number |
203-862-3150 |
Fax Number |
Not Available |
Investor Relations
ICR, Inc.
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203-340-8510
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CEO - Thomas P. Majewski |
CFO - Kenneth P. Onorio |
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