Eagle Point Credit Company Inc. Announces Fourth Quarter 2016 Series B Preferred Stock Distributions
November 01 2016 - 5:19PM
Business Wire
Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC,
NYSE:ECCA, NYSE:ECCB, NYSE:ECCZ) is pleased to announce the
declaration of distributions on shares of the Company’s 7.75%
Series B Term Preferred Stock due 2026 (the “Series B Preferred
Stock”).
The Company has declared distributions of $0.269098 and
$0.161459 per share on its Series B Preferred Stock, payable on
each of November 30, 2016 and December 30, 2016, respectively. The
following schedule applies to the distributions:
Ex-Dividend Date Record
Date Payable Date
Amount per share ofSeries B Preferred
Stock
November 10, 2016
November 15, 2016
November 30, 2016
$0.269098 December 13, 2016
December 15, 2016
December 30, 2016
$0.161459
The distributions on the Series B Preferred Stock reflect an
annual distribution rate of 7.75% of the $25 liquidation preference
per share of the Series B Preferred Stock for the initial dividend
period ending November 30 and for the month of December.
The specific tax characteristics of the distributions will be
reported to the Company’s preferred stockholders on Form 1099 after
the end of the 2016 calendar year.
ABOUT EAGLE POINT CREDIT COMPANY
The Company is a non-diversified, closed-end management
investment company. The Company’s investment objectives are to
generate high current income and capital appreciation primarily
through investment in equity and junior debt tranches of
collateralized loan obligations. The Company is externally managed
and advised by Eagle Point Credit Management LLC. The principals of
Eagle Point Credit Management LLC are Thomas P. Majewski, Daniel W.
Ko and Daniel M. Spinner.
The Company makes certain unaudited portfolio information
available each month on its website in addition to making certain
other unaudited financial information available on its website
(www.eaglepointcreditcompany.com). This information includes (1) an
estimated range of the Company’s net investment income (“NII”) and
realized capital gains or losses per share of common stock for each
calendar quarter end, generally made available within the first
fifteen days after the applicable calendar month end, (2) an
estimated range of the Company’s NAV per share of common stock for
the prior month end and certain additional portfolio-level
information, generally made available within the first fifteen days
after the applicable calendar month end, and (3) during the latter
part of each month, an updated estimate of NAV, if applicable, and,
with respect to each calendar quarter end, an updated estimate of
the Company’s NII and realized capital gains or losses for the
applicable quarter, if available.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described in the
Company’s filings with the U.S. Securities and Exchange Commission
(“SEC”). The Company undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this press release.
Source: Eagle Point Credit Company Inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20161101006893/en/
Investor Relations:Eagle Point Credit Company Inc.Kyle McGrady,
203-340-8500IR@EaglePointCredit.comwww.eaglepointcreditcompany.com
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