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Eagle Point Credit Company 7.75% Series B Term Preferred Stock due 2026

By: ,

Date Issued  10/7/2015

Shares Issued  1,200,000  Overallotment Shares  180,000

S&P Rating  NR   Moodys Rating   NR

Security Ticker Symbol    ECCB      OTC Temp Ticker   ECRPO

Market Traded ON   NYSE      

Dividend Payment Paid Monthly the last day of the month  beginning on 11/30/2016

Monthly Dividend   .1615   Annual Dividend   1.9375

Securities may be redeemed, at the issuers option, as early as 10/29/2021 for a redemption price of $25/share plus accrued dividends.

If the company FAILS TO REDEEM ON THE REDEMTION DATE BELOW THE dividend rate will increase 2% annually until redeemed

Dividend Payments are NOT a Qualified Distribution (from year to year a small portion may be qualified)

Maturity Date   10/30/2026 (Mandatory Redemption Date)

Eagle Point Credit is a Closed End Investment company and required to carry a asset coverage ratio of 200%

Company Investor Relations Page for Eagle Point Credit Company

Click Here to find the offering Prospectus and Final Pricing Documents

 

 

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