Eagle Point Credit Company Inc 7.75% Series A Term Preferred Stock
By: Tim McPartland,
Date Issued 5/14/2015
Shares Issued 1,600,000 Overallotment Shares 240,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol ECCA OTC Temp Ticker ECRPP
Market Traded ON NYSE
Dividend Payment Paid Monthly the last day of the month beginning on 6/30/2015
Monthly Dividend .1615 Annual Dividend 1.9375
Securities may be redeemed, at the issuers option, as early as 6/29/2018 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 6/30/2022 (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
Below you can find the offering Prospectus and Final Pricing Documents
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