Eagle Point Credit Company Inc 7.75% Series A Term Preferred Stock

By: ,

Date Issued  5/14/2015

Shares Issued  1,600,000  Overallotment Shares  240,000

S&P Rating  NR   Moodys Rating   NR

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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.

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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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