Eagle Point Credit Company 7.75% Series B Term Preferred Stock due 2026
By: Tim McPartland,
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