Eagle Point Credit Company Inc. Initiates 7.00% Convertible and Perpetual Preferred Stock Offering

Eagle Point Credit Company Inc. (NYSE: ECC) has announced the launch of a continuous public offering for up to 4,000,000 shares of its 7.00% Series AA Convertible and Perpetual Preferred Stock and 7.00% Series AB Convertible and Perpetual Preferred Stock (together referred to as the “Preferred Stock”). The public offering price is set at $25 per share, with an estimated net proceeds of approximately $91 million for the Company after accounting for estimated commissions and offering expenses if all shares of the Preferred Stock are sold. The Preferred Stock carries a 7.00% annual dividend rate, payable monthly, and holds a ‘BBB’ rating from Egan-Jones Ratings Company, an independent rating agency. It is perpetual and convertible into shares of the Company’s common stock or cash, subject to specific conditions.

Eagle Point Securities LLC serves as the dealer manager for the Preferred Stock offering. As an affiliate of the Company and a member of FINRA and SIPC, Eagle Point Securities LLC facilitates the offering.

Potential investors are advised to carefully review the Company’s investment objectives, risks, charges, and expenses before making any investment decisions. The prospectus supplement dated March 22, 2024, along with the accompanying prospectus dated June 9, 2023, filed with the Securities and Exchange Commission (“SEC”), provides detailed information about the Company and the Preferred Stock. Interested parties can obtain copies of these documents from Eagle Point Securities LLC.

The securities offering is made pursuant to a shelf registration statement declared effective by the SEC. Copies of the prospectus and related prospectus supplement can be obtained from Eagle Point Securities LLC or accessed for free via the SEC’s website.

Egan-Jones Ratings Company, a nationally recognized statistical rating organization (NRSRO), has provided the security rating. It’s important to note that a security rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time by the applicable rating agency.

About Eagle Point Credit Company: Eagle Point Credit Company is a non-diversified, closed-end management investment company. Its primary objective is to generate high current income, with a secondary objective of capital appreciation, primarily through investments in equity and junior debt tranches of collateralized loan obligations. The Company is externally managed and advised by Eagle Point Credit Management LLC.

Forward-Looking Statements: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, and actual results may differ materially from those expressed in such statements. The Company undertakes no obligation to update any forward-looking statements. All forward-looking statements are made as of the date of this press release.

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