Investment Objective
Our primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation.
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Investment Strategy
We seek to achieve our investment objectives by investing primarily in equity and junior debt tranches of CLOs. ECC pursues a differentiated private equity style approach focused on proactively sourcing investment opportunities in CLO equity. ECC typically seeks to take a significant stake in its CLO equity investments to influence the key terms and conditions of such investments.
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Common Stock Information
NYSE Ticker: ${ticker}
Price ${"$" + price}
Volume ${volume}
Intraday High ${"$" + high}
Intraday Low ${"$" + low}
Today's Open ${"$" + open}
Previous Close ${"$" + close}
Change ${"$" + change}
% Change ${change_percent}
Preferred Stock Information
NYSE Ticker: ${ticker}
Price ${"$" + price}
Volume ${volume}
Intraday High ${"$" + high}
Intraday Low ${"$" + low}
Today's Open ${"$" + open}
Previous Close ${"$" + close}
Change ${"$" + change}
% Change ${change_percent}
Unsecured Notes Information
NYSE Ticker: ${ticker}
Price ${"$" + price}
Volume ${volume}
Intraday High ${"$" + high}
Intraday Low ${"$" + low}
Today's Open ${"$" + open}
Previous Close ${"$" + close}
Change ${"$" + change}
% Change ${change_percent}
Annual & Semiannual Reports
Quarterly Financial Statements
NAV HISTORY
Eagle Point Credit Company Inc. (the "Company") determines its net asset value on a quarterly basis. In addition, the Company publishes an unaudited management estimate of the range of (1) the Company's net asset value as of the end of each calendar month, and (2) the Company's net investment income and realized capital gains or losses per share of common stock for each calendar quarter. These estimates are generally published within the first fifteen days after the end of the month to which they relate, and are subsequently updated, as applicable, toward the latter part of each month. The Company's net asset value is calculated as the sum of the value of the Company’s investment portfolio, any cash or cash equivalents held by the Company, and the Company’s other assets, less the Company’s liabilities. Amounts in the table denoted with an "(E)" reflect management estimates. Amounts that are not so denoted reflect quarter end figures as determined and reported by the Company in its financial statements.
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 03/31/2024 | $781.4(E) | $9.11-9.21(E) | N/A | N/A | $0.27-0.31(E)(i) | 85,301,892 | | 02/29/2024 | $750.4(E) | $9.13(E) | | | 01/31/2024 | $730.2(E) | $9.27(E) | |
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 12/31/2023 | $708.3 | $9.21 | $0.33 | $0.00 | $0.33 | 76,948,138 | | 11/30/2023 | $661.7(E) | $8.88(E) | | | 10/31/2023 | $660.8(E) | $9.03(E) | | | | 09/30/2023 | $671.4 | $9.33 | $0.34(ii) | $0.01 | $0.35 | 71,990,607 | | 08/31/2023 | $642.5(E) | $9.26(E) | | | 07/31/2023 | $609.7(E) | $9.13(E) | | | | 06/30/2023 | $548.1 | $8.72 | $0.32 | ($0.27) | $0.05 | 62,831,478 | | 05/31/2023 | $509.6(E) | $8.51(E) | | | 04/30/2023 | $517.8(E) | $8.88(E) | | | | 03/31/2023 | $529.8 | $9.10 | $0.34 | -$0.02 | $0.32 | 58,226,929 | | 02/28/2023 | $562.7(E) | $9.68(E) | | | 1/31/2023 | $556.5(E) | $9.67(E) | |
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 12/31/2022 | $499.3 | $9.07 | $0.36(iii) | -$0.07 | $0.29 | 55,045,981 | | 11/30/2022 | $498.4(E) | $9.66(E) | | | 10/31/2022 | $480.2(E) | $9.71(E) | | | | 09/30/2022 | $491.4 | $10.23 | $0.40 | $0.07 | $0.47 | 48,025,043 | | 08/31/2022 | $532.0(E) | $11.32(E) | | | 07/31/2022 | $485.2(E) | $10.84(E) | | | | 06/30/2022 | $440.2 | $10.08 | $0.41 | $0.02 | $0.43 | 43,682,137 | | 05/31/2022 | $475.2(E) | $11.00(E) | | | 04/30/2022 | $532.7(E) | $12.49(E) | | | | 03/31/2022 | $521.8 | $12.64 | $0.32(iv) | ($0.02)(iv) | $0.30 | 41,264,104 | | 02/28/2022 | $502.8(E) | $12.48(E) | | | 01/31/2022 | $528.0(E) | $13.47(E) | |
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 12/31/2021 | $502.3 | $13.39 | $0.38(v) | ($0.01)(v) | $0.37 | 37,526,810 | | 11/30/2021 | $495.3(E) | $13.61(E) | | | 10/31/2021 | $512.4(E) | $14.28(E) | | | | 09/30/2021 | $493.6 | $13.98 | $0.37 | $0.02 | $0.39 | 35,292,123 | | 08/31/2021 | $472.2(E) | $13.49(E) | | | 07/31/2021 | $462.6(E) | $13.25(E) | | | | 06/30/2021 | $447.3 | $12.97 | $0.29(vi) | $0.03 | $0.32 | 34,489,559 | | 05/31/2021 | $440.5(E) | $13.03(E) | | | 04/30/2021 | $423.2(E) | $12.67(E) | | | | 03/31/2021 | $388.9 | $12.02 | $0.25(vii) | $0.03 | $0.28 | 32,354,890 | | 02/28/2021 | $389.4(E) | $12.03(E) | | | 01/31/2021 | $388.2(E) | $12.00(E) | |
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 12/31/2020 | $361.7 | $11.18 | $0.24 | ($1.04) | ($0.80) | 32,354,890 | | 11/30/2020 | $331.9(E) | $10.32(E) | | | 10/31/2020 | $272.6(E) | $8.58(E) | | | | 09/30/2020 | $268.2 | $8.45 | $0.29 | ($0.06) | $0.23 | 31,757,115 | | 08/31/2020 | $271.0(E) | $8.54(E) | | | 07/31/2020 | $249.8(E) | $7.87(E) | | | | 06/30/2020 | $235.9 | $7.45 | $0.28 | $0.00 | $0.28 | 31,675,534 | | 05/31/2020 | $193.3(E) | $6.47(E) | | | 04/30/2020 | $187.1(E) | $6.28(E) | | | | 03/31/2020 | $182.5 | $6.12 | $0.36 | ($0.03) | $0.33 | 29,794,460 | | 02/29/2020 | $293.4(E) | $9.85(E) | | | 01/31/2020 | $330.0(E) | $11.21(E) | |
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 12/31/2019 | $303.3 | $10.59 | $0.27 | ($0.04) | $0.23 | 28,632,119 | | 11/30/2019 | $280.2(E) | $10.05(E) | | | 10/31/2019 | $278.0(E) | $10.11(E) | | | | 09/30/2019 | $311.1 | $11.45 | $0.37 | $0.00 | $0.37 | 27,164,078 | | 08/31/2019 | $323.1(E) | $12.00(E) | | | 07/31/2019 | $341.8(E) | $13.07(E) | | | | 06/30/2019 | $346.8 | $13.45 | $0.36 | ($0.29) | $0.07 | 25,786,531 | | 05/31/2019 | $357.1(E) | $14.09(E) | | | 04/30/2019 | $349.8(E) | $14.38(E) | | | | 03/31/2019 | $324.1 | $13.70 | $0.35 | $0.01 | $0.36 | 23,647,358 | | 02/28/2019 | $329.5(E) | $14.05(E) | | | 01/31/2019 | $317.5(E) | $13.71(E) | |
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 12/31/2018 | $287.1 | $12.40 | $0.41 | ($0.03) | $0.38 | 23,153,319 | | 11/30/2018 | $327.2 (E) | $14.15 (E) | | | 10/31/2018 | $379.1 (E) | $16.40(E) | | | | 09/30/2018 | $382.7 | $16.55 | $0.40 | $0.01 | $0.41 | 23,117,571 | | 08/31/2018 | $372.4 (E) | $16.48 (E) | | | 07/31/2018 | $367.0 (E) | $16.69 (E) | | | | 06/30/2018 | $358.3 | $16.51 | $0.37 | ($0.03) | $0.34 (viii) | 21,702,865 | | 05/31/2018 | $357.0 (E)(ix) | $16.67 (E)(ix) | | | 04/30/2018 | $357.7 (E) | $16.76 (E) | | | | 03/31/2018 | $355.2 | $16.65 | $0.41 | $0.09 | $0.50 | 21,337,284 | | 02/28/2018 | $358.9 (E) | $17.03 (E) | | | 01/31/2018 | $361.3 (E) | $17.17 (E) | |
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 12/31/2017 | $315.3 | $16.77 | $0.43 | $0.06 | $0.49 | 18,798,815 | | 11/30/2017 | $314.1 (E) | $16.97 (E) | | | 10/31/2017 | $314.5 (E) | $16.99 (E) | | | | 09/30/2017 | $307.9 | $16.67 | $0.45 (x) | $0.00 | $0.45 (x) | 18,474,034 | | 08/31/2017 | $307.4 (E) | $16.79 (E) | | | 07/31/2017 | $319.6 (E) | $17.60 (E) | | | | 06/30/2017 | $317.1 | $17.53 | $0.48 | $0.05 | $0.53 | 18,090,708 | | 05/31/2017 | $321.5 (E) | $17.79 (E) | | | 04/30/2017 | $316.3 (E) | $17.71 (E) | | | | 03/31/2017 | $282.5 | $17.13 | $0.52 | $0.08 | $0.60 | 16,489,431 | | 02/28/2017 | $286.4 (E) | $17.39 (E) | | | 01/31/2017 | $293.0 (E) | $17.78 (E) | |
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 12/31/2016 | $288.0 | $17.48 | $0.47 (xi) | $0.07 | $0.54 (xi) | 16,474,879 | | 11/30/2016 | $266.8 (E) | $17.40 (E) | | | 10/31/2016 | $264.0 (E) | $17.23 (E) | | | | 09/30/2016 | $255.4 | $16.66 | $0.51 | $0.03 | $0.54 | 15,328,326 | | 08/31/2016 | $252.9 (E) | $16.72 (E) | | | 07/31/2016 | $247.1 (E) | $16.33 (E) | | | | 06/30/2016 | $218.7 | $14.46 | $0.55 | $0.02 | $0.57 | 15,122,491 | | 05/31/2016 | $225.8 (E) | $14.93 (E) | | | 04/30/2016 | $198.8 (E) | $14.33 (E) | | | | 03/31/2016 | $180.0 | $13.02 | $0.61 | $0.00 | $0.61 | 13,825,135 | | 02/29/2016 | $168.0 (E) | $12.15 (E) | | | 01/31/2016 | $179.5 (E) | $12.99 (E) | |
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 12/31/2015 | $189.6 | $13.72 | $0.53 | $0.00 | $0.53 | 13,820,110 | | 11/30/2015 | $206.0 (E) | $14.91 (E) | | | 10/31/2015 | $214.1 (E) | $15.49 (E) | | | | 09/30/2015 | $218.6 | $15.82 | $0.51 | $0.00 | $0.51 | 13,816,963 | | 08/31/2015 | $242.1 (E) | $17.52 (E) | | | 07/31/2015 | $257.6 (E) | $18.65 (E) | | | | 06/30/2015 | $257.2 | $18.62 | $0.46 | $0.01 | $0.47 | 13,814,526 | | 05/31/2015 | $266.6 (E) | $19.30 (E) | | | 04/30/2015 | $264.6 (E) | $19.16 (E) | | | | 03/31/2015 | $259.1 | $18.76 | $0.39 | $0.01 | $0.40 | 13,811,358 | | 02/28/2015 | $264.5 (E) | $19.15 (E) | | | 01/31/2015 | $262.4 (E) | $19.00 (E) | |
| Date |
Net Asset Value (1)(2) |
Quarterly NII
(and Realized Gain/Loss)
Per Share of Common Stock (1)(4) |
Shares Outstanding (5) |
| U.S. Dollars in millions |
Per Share of Common Stock (3) |
NII | Realized G/L |
Total |
| 12/31/2014 | $263.6 | $19.08 (6) | $0.31 | $0.00 | $0.31 | 13,811,358 | | 11/30/2014 | $271.1 (E) | $19.63 (E) | |
Distribution History
Distributions on shares of the Company's common stock, par value $0.001 ("Common Stock"), may be comprised of any combination of 1) net investment income and/or 2) net capital gain, and, if the Company distributes an amount in excess of net investment income and net capital gains, a portion of such distribution will constitute a return of capital. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Company’s investment performance and should not be confused with “yield” or “income.” The actual components of the Company's distributions on shares of Common Stock for U.S. tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported to stockholders on Form 1099-DIV. A summary of such tax characteristics for distributions on Common Stock made in each of the Company's prior full fiscal years, and a year-to-date estimate for the current fiscal year, is also provided in the Tax Information section of this website, which is accessible here: Tax Characteristics – ECC.
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 06/07/2024 | 06/10/2024 | 02/13/2024 | 06/28/2024 | $0.02 | Supplemental | | 06/07/2024 | 06/10/2024 | 02/13/2024 | 06/28/2024 | $0.14 | Monthly | | 05/10/2024 | 05/13/2024 | 02/13/2024 | 05/31/2024 | $0.02 | Supplemental | | 05/10/2024 | 05/13/2024 | 02/13/2024 | 05/31/2024 | $0.14 | Monthly | | 04/09/2024 | 04/10/2024 | 02/13/2024 | 04/30/2024 | $0.02 | Supplemental | | 04/09/2024 | 04/10/2024 | 02/13/2024 | 04/30/2024 | $0.14 | Monthly | | 03/07/2024 | 03/08/2024 | 11/08/2023 | 03/28/2024 | $0.02 | Supplemental | | 03/07/2024 | 03/08/2024 | 11/08/2023 | 03/28/2024 | $0.14 | Monthly | | 02/08/2024 | 02/09/2024 | 11/08/2023 | 02/29/2024 | $0.02 | Supplemental | | 02/08/2024 | 02/09/2024 | 11/08/2023 | 02/29/2024 | $0.14 | Monthly | | 01/10/2024 | 01/11/2024 | 11/08/2023 | 01/31/2024 | $0.02 | Supplemental | | 01/10/2024 | 01/11/2024 | 11/08/2023 | 01/31/2024 | $0.14 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/8/2023 | 12/11/2023 | 8/09/2023 | 12/29/2023 | $0.02 | Supplemental | | 12/8/2023 | 12/11/2023 | 8/09/2023 | 12/29/2023 | $0.14 | Monthly | | 11/10/2023 | 11/13/2023 | 8/09/2023 | 11/30/2023 | $0.02 | Supplemental | | 11/10/2023 | 11/13/2023 | 8/09/2023 | 11/30/2023 | $0.14 | Monthly | | 10/10/2023 | 10/11/2023 | 8/09/2023 | 10/31/2023 | $0.02 | Supplemental | | 10/10/2023 | 10/11/2023 | 8/09/2023 | 10/31/2023 | $0.14 | Monthly | | 9/8/2023 | 09/11/2023 | 5/11/2023 | 9/29/2023 | $0.02 | Supplemental | | 9/8/2023 | 09/11/2023 | 5/11/2023 | 9/29/2023 | $0.14 | Monthly | | 8/10/2023 | 08/11/2023 | 5/11/2023 | 8/31/2023 | $0.02 | Supplemental | | 8/10/2023 | 08/11/2023 | 5/11/2023 | 8/31/2023 | $0.14 | Monthly | | 7/10/2023 | 07/11/2023 | 5/11/2023 | 7/31/2023 | $0.02 | Supplemental | | 7/10/2023 | 07/11/2023 | 5/11/2023 | 7/31/2023 | $0.14 | Monthly | | 06/09/2023 | 06/12/2023 | 02/22/2023 | 06/30/2023 | $0.02 | Supplemental | | 06/09/2023 | 06/12/2023 | 02/22/2023 | 06/30/2023 | $0.14 | Monthly | | 05/10/2023 | 05/11/2023 | 02/22/2023 | 05/31/2023 | $0.02 | Supplemental | | 05/10/2023 | 05/11/2023 | 02/22/2023 | 05/31/2023 | $0.14 | Monthly | | 04/07/2023 | 04/10/2023 | 02/22/2023 | 04/28/2023 | $0.02 | Supplemental | | 04/07/2023 | 04/10/2023 | 02/22/2023 | 04/28/2023 | $0.14 | Monthly | | 03/10/2023 | 03/13/2023 | 11/10/2022 | 03/31/2023 | $0.14 | Monthly | | 02/07/2023 | 02/08/2023 | 11/10/2022 | 02/28/2023 | $0.14 | Monthly | | 01/10/2023 | 01/11/2023 | 11/10/2022 | 01/31/2023 | $0.14 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/22/2022 | 12/23/2022 | 11/14/2022 | 01/24/2023 | $0.50 | Special | | 12/09/2022 | 12/12/2022 | 08/11/2022 | 12/30/2022 | $0.14 | Monthly | | 11/09/2022 | 11/10/2022 | 08/11/2022 | 11/30/2022 | $0.14 | Monthly | | 10/07/2022 | 10/11/2022 | 08/16/2022 | 10/31/2022 | $0.25 | Special | | 10/07/2022 | 10/11/2022 | 08/11/2022 | 10/31/2022 | $0.14 | Monthly | | 09/09/2022 | 09/12/2022 | 05/18/2022 | 09/30/2022 | $0.14 | Monthly | | 08/10/2022 | 08/11/2022 | 05/18/2022 | 08/31/2022 | $0.14 | Monthly | | 07/08/2022 | 07/11/2022 | 05/18/2022 | 07/29/2022 | $0.14 | Monthly | | 06/09/2022 | 06/10/2022 | 02/14/2022 | 06/30/2022 | $0.14 | Monthly | | 05/10/2022 | 05/11/2022 | 02/14/2022 | 05/31/2022 | $0.14 | Monthly | | 04/08/2022 | 04/11/2022 | 02/14/2022 | 04/29/2022 | $0.14 | Monthly | | 03/10/2022 | 03/11/2022 | 11/10/2021 | 03/31/2022 | $0.12 | Monthly | | 02/07/2022 | 02/08/2022 | 11/10/2021 | 02/28/2022 | $0.12 | Monthly | | 01/10/2022 | 01/11/2022 | 11/10/2021 | 01/31/2022 | $0.12 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/22/2021 | 12/23/2021 | 11/16/2021 | 01/24/2022 | $0.50 | Special | | 12/10/2021 | 12/13/2021 | 08/10/2021 | 12/31/2021 | $0.12 | Monthly | | 11/09/2021 | 11/10/2021 | 08/10/2021 | 11/30/2021 | $0.12 | Monthly | | 10/08/2021 | 10/12/2021 | 08/10/2021 | 10/29/2021 | $0.12 | Monthly | | 09/09/2021 | 09/10/2021 | 05/13/2021 | 09/30/2021 | $0.10 | Monthly | | 08/10/2021 | 08/11/2021 | 05/13/2021 | 08/31/2021 | $0.10 | Monthly | | 07/09/2021 | 07/12/2021 | 05/13/2021 | 07/30/2021 | $0.10 | Monthly | | 06/09/2021 | 06/10/2021 | 02/10/2021 | 06/30/2021 | $0.08 | Monthly | | 05/07/2021 | 05/10/2021 | 02/10/2021 | 05/28/2021 | $0.08 | Monthly | | 04/09/2021 | 04/12/2021 | 02/10/2021 | 04/30/2021 | $0.08 | Monthly | | 03/11/2021 | 03/12/2021 | 11/13/2020 | 03/31/2021 | $0.08 | Monthly | | 02/11/2021 | 02/12/2021 | 11/13/2020 | 02/26/2021 | $0.08 | Monthly | | 01/11/2021 | 01/12/2021 | 11/13/2020 | 01/29/2021 | $0.08 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/10/2020 | 12/11/2020 | 08/11/2020 | 12/31/2020 | $0.08 | Monthly | | 11/10/2020 | 11/12/2020 | 08/11/2020 | 11/30/2020 | $0.08 | Monthly | | 10/09/2020 | 10/13/2020 | 08/11/2020 | 10/30/2020 | $0.08 | Monthly | | 09/10/2020 | 09/11/2020 | 05/18/2020 | 09/30/2020 | $0.08 | Monthly | | 08/11/2020 | 08/12/2020 | 05/18/2020 | 08/31/2020 | $0.08 | Monthly | | 07/10/2020 | 07/13/2020 | 05/18/2020 | 07/31/2020 | $0.08 | Monthly | | 06/11/2020 | 06/12/2020 | 04/15/2020 | 06/30/2020 | $0.08 | Monthly | | 05/11/2020 | 05/12/2020 | 04/15/2020 | 05/29/2020 | $0.08 | Monthly | | 04/24/2020 | 04/27/2020 | 04/15/2020 | 05/04/2020 | $0.08 | Monthly | | 03/11/2020 | 03/12/2020 | 01/02/2020 | 03/31/2020 | $0.20 | Monthly | | 02/11/2020 | 02/12/2020 | 01/02/2020 | 02/28/2020 | $0.20 | Monthly | | 01/10/2020 | 01/13/2020 | 01/02/2020 | 01/31/2020 | $0.20 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/11/2019 | 12/12/2019 | 10/01/2019 | 12/31/2019 | $0.20 | Monthly | | 11/11/2019 | 11/12/2019 | 10/01/2019 | 11/29/2019 | $0.20 | Monthly | | 10/10/2019 | 10/11/2019 | 10/01/2019 | 10/31/2019 | $0.20 | Monthly | | 09/11/2019 | 09/12/2019 | 07/01/2019 | 09/30/2019 | $0.20 | Monthly | | 08/09/2019 | 08/12/2019 | 07/01/2019 | 08/30/2019 | $0.20 | Monthly | | 07/11/2019 | 07/12/2019 | 07/01/2019 | 07/31/2019 | $0.20 | Monthly | | 06/11/2019 | 06/12/2019 | 04/01/2019 | 06/28/2019 | $0.20 | Monthly | | 05/10/2019 | 05/13/2019 | 04/01/2019 | 05/31/2019 | $0.20 | Monthly | | 04/11/2019 | 04/12/2019 | 04/01/2019 | 04/30/2019 | $0.20 | Monthly | | 03/11/2019 | 03/12/2019 | 01/02/2019 | 03/29/2019 | $0.20 | Monthly | | 02/11/2019 | 02/12/2019 | 01/02/2019 | 02/28/2019 | $0.20 | Monthly | | 01/11/2019 | 01/14/2019 | 01/02/2019 | 01/31/2019 | $0.20 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/12/2018 | 12/13/2018 | 10/01/2018 | 12/31/2018 | $0.20 | Monthly | | 11/09/2018 | 11/13/2018 | 10/01/2018 | 11/30/2018 | $0.20 | Monthly | | 10/11/2018 | 10/12/2018 | 10/01/2018 | 10/31/2018 | $0.20 | Monthly | | 9/11/2018 | 9/12/2018 | 7/02/2018 | 9/28/2018 | $0.20 | Monthly | | 8/10/2018 | 8/13/2018 | 7/02/2018 | 8/31/2018 | $0.20 | Monthly | | 7/11/2018 | 7/12/2018 | 7/02/2018 | 7/31/2018 | $0.20 | Monthly | | 6/11/2018 | 6/12/2018 | 4/02/2018 | 6/29/2018 | $0.20 | Monthly | | 5/10/2018 | 5/11/2018 | 4/02/2018 | 5/31/2018 | $0.20 | Monthly | | 4/11/2018 | 4/12/2018 | 4/02/2018 | 4/30/2018 | $0.20 | Monthly | | 3/9/2018 | 3/12/2018 | 1/2/2018 | 3/29/2018 | $0.20 | Monthly | | 2/9/2018 | 2/12/2018 | 1/2/2018 | 2/28/2018 | $0.20 | Monthly | | 1/11/2018 | 1/12/2018 | 1/2/2018 | 1/31/2018 | $0.20 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/11/2017 | 12/12/2017 | 10/2/2017 | 12/29/2017 | $0.20 | Monthly | | 11/9/2017 | 11/10/2017 | 10/2/2017 | 11/30/2017 | $0.20 | Monthly | | 10/11/2017 | 10/12/2017 | 10/2/2017 | 10/31/2017 | $0.20 | Monthly | | 8/23/2017 | 8/25/2017 | 8/15/2017 | 9/8/2017 | $0.45 | Special | | 9/11/2017 | 9/12/2017 | 6/1/2017 | 9/29/2017 | $0.20 | Monthly | | 8/9/2017 | 8/11/2017 | 6/1/2017 | 8/31/2017 | $0.20 | Monthly | | 7/11/2017 | 7/13/2017 | 6/1/2017 | 7/31/2017 | $0.20 | Monthly | | 6/8/2017 | 6/12/2017 | 6/1/2017 | 6/30/2017 | $0.20 | Monthly | | 5/11/2017 | 5/15/2017 | 2/24/2017 | 5/31/2017 | $0.20 | Monthly | | 4/12/2017 | 4/17/2017 | 2/24/2017 | 4/28/2017 | $0.20 | Monthly | | 3/13/2017 | 3/15/2017 | 2/24/2017 | 3/31/2017 | $0.20 | Monthly | | 3/6/2017 | 3/8/2017 | 2/24/2017 | 3/15/2017 | $0.20 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/28/2016 | 12/30/2016 | 12/1/2016 | 1/31/2017 | $0.60 | Quarterly | | 9/28/2016 | 9/30/2016 | 9/1/2016 | 10/31/2016 | $0.60 | Quarterly | | 6/28/2016 | 6/30/2016 | 6/2/2016 | 7/29/2016 | $0.60 | Quarterly | | 3/29/2016 | 3/31/2016 | 3/2/2016 | 4/29/2016 | $0.60 | Quarterly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/29/2015 | 12/31/2015 | 12/7/2015 | 1/29/2016 | $0.60 | Quarterly | | 9/28/2015 | 9/30/2015 | 9/1/2015 | 10/30/2015 | $0.60 | Quarterly | | 6/26/2015 | 6/30/2015 | 6/1/2015 | 7/31/2015 | $0.60 | Quarterly | | 3/27/2015 | 3/31/2015 | 3/3/2015 | 4/30/2015 | $0.60 | Quarterly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/29/2014 | 12/31/2014 | 10/15/2014 | 1/26/2015 | $0.55 | Quarterly |
Distribution History
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/11/2019 | 12/12/2019 | 10/01/2019 | 12/31/2019 | $0.161459 | Monthly | | 11/11/2019 | 11/12/2019 | 10/01/2019 | 11/29/2019 | $0.161459 | Monthly | | 10/10/2019 | 10/11/2019 | 10/01/2019 | 10/31/2019 | $0.161459 | Monthly | | 09/11/2019 | 09/12/2019 | 07/01/2019 | 09/30/2019 | $0.161459 | Monthly | | 08/09/2019 | 08/12/2019 | 07/01/2019 | 08/30/2019 | $0.161459 | Monthly | | 07/11/2019 | 07/12/2019 | 07/01/2019 | 07/31/2019 | $0.161459 | Monthly | | 06/11/2019 | 06/12/2019 | 04/01/2019 | 06/28/2019 | $0.161459 | Monthly | | 05/10/2019 | 05/13/2019 | 04/01/2019 | 05/31/2019 | $0.161459 | Monthly | | 04/11/2019 | 04/12/2019 | 04/01/2019 | 04/30/2019 | $0.161459 | Monthly | | 03/11/2019 | 03/12/2019 | 01/02/2019 | 03/29/2019 | $0.161459 | Monthly | | 02/11/2019 | 02/12/2019 | 01/02/2019 | 02/28/2019 | $0.161459 | Monthly | | 01/11/2019 | 01/14/2019 | 01/02/2019 | 01/31/2019 | $0.161459 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/12/2018 | 12/13/2018 | 10/01/2018 | 12/31/2018 | $0.161459 | Monthly | | 11/09/2018 | 11/13/2018 | 10/01/2018 | 11/30/2018 | $0.161459 | Monthly | | 10/11/2018 | 10/12/2018 | 10/01/2018 | 10/31/2018 | $0.161459 | Monthly | | 9/11/2018 | 9/12/2018 | 7/02/2018 | 9/28/2018 | $0.161459 | Monthly | | 8/10/2018 | 8/13/201 | 7/02/2018 | 8/31/2018 | $0.161459 | Monthly | | 7/11/2018 | 7/12/2018 | 7/02/2018 | 7/31/2018 | $0.161459 | Monthly | | 6/11/2018 | 6/12/2018 | 4/02/2018 | 6/29/2018 | $0.161459 | Monthly | | 5/10/2018 | 5/11/2018 | 4/02/2018 | 5/31/2018 | $0.161459 | Monthly | | 4/11/2018 | 4/12/2018 | 4/02/2018 | 4/30/2018 | $0.161459 | Monthly | | 3/9/2018 | 3/12/2018 | 1/2/2018 | 3/29/2018 | $0.161459 | Monthly | | 2/9/2018 | 2/12/2018 | 1/2/2018 | 2/28/2018 | $0.161459 | Monthly | | 1/11/2018 | 1/12/2018 | 1/2/2018 | 1/31/2018 | $0.161459 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/11/2017 | 12/12/2017 | 10/2/2017 | 12/29/2017 | $0.161459 | Monthly | | 11/9/2017 | 11/10/2017 | 10/2/2017 | 11/30/2017 | $0.161459 | Monthly | | 10/11/2017 | 10/12/2017 | 10/2/2017 | 10/31/2017 | $0.161459 | Monthly | | 9/11/2017 | 9/12/2017 | 7/3/2017 | 9/29/2017 | $0.161459 | Monthly | | 8/9/2017 | 8/11/2017 | 7/3/2017 | 8/31/2017 | $0.161459 | Monthly | | 7/11/2017 | 7/13/2017 | 7/3/2017 | 7/31/2017 | $0.161459 | Monthly | | 6/13/2017 | 6/15/2017 | 4/3/2017 | 6/30/2017 | $0.161459 | Monthly | | 5/11/2017 | 5/15/2017 | 4/3/2017 | 5/31/2017 | $0.161459 | Monthly | | 4/12/2017 | 4/17/2017 | 4/3/2017 | 4/28/2017 | $0.161459 | Monthly | | 3/13/2017 | 3/15/2017 | 1/3/2017 | 3/31/2017 | $0.161459 | Monthly | | 2/13/2017 | 2/15/2017 | 1/3/2017 | 2/28/2017 | $0.161459 | Monthly | | 1/12/2017 | 1/17/2017 | 1/3/2017 | 1/31/2017 | $0.161459 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/13/2016 | 12/15/2016 | 10/3/2016 | 12/30/2016 | $0.161459 | Monthly | | 11/10/2016 | 11/15/2016 | 10/3/2016 | 11/30/2016 | $0.161459 | Monthly | | 10/13/2016 | 10/17/2016 | 10/3/2016 | 10/31/2016 | $0.161459 | Monthly | | 9/13/2016 | 9/15/2016 | 7/5/2016 | 9/30/2016 | $0.161459 | Monthly | | 8/11/2016 | 8/15/2016 | 7/5/2016 | 8/31/2016 | $0.161459 | Monthly | | 7/13/2016 | 7/15/2016 | 7/5/2016 | 7/29/2016 | $0.161459 | Monthly | | 6/13/2016 | 6/15/2016 | 4/4/2016 | 6/30/2016 | $0.161459 | Monthly | | 5/12/2016 | 5/16/2016 | 4/4/2016 | 5/31/2016 | $0.161459 | Monthly | | 4/13/2016 | 4/15/2016 | 4/4/2016 | 4/29/2016 | $0.161459 | Monthly | | 3/11/2016 | 3/15/2016 | 1/4/2016 | 3/31/2016 | $0.161459 | Monthly | | 2/11/2016 | 2/16/2016 | 1/4/2016 | 2/29/2016 | $0.161459 | Monthly | | 1/13/2016 | 1/15/2016 | 1/4/2016 | 1/29/2016 | $0.161459 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/11/2015 | 12/15/2015 | 10/1/2015 | 12/31/2015 | $0.161459 | Monthly | | 11/12/2015 | 11/16/2015 | 10/1/2015 | 11/30/2015 | $0.161459 | Monthly | | 10/13/2015 | 10/15/2015 | 10/1/2015 | 10/30/2015 | $0.161459 | Monthly | | 9/11/2015 | 9/15/2015 | 7/1/2015 | 9/30/2015 | $0.161459 | Monthly | | 8/13/2015 | 8/17/2015 | 7/1/2015 | 8/31/2015 | $0.161459 | Monthly | | 7/13/2015 | 7/15/2015 | 7/1/2015 | 7/31/2015 | $0.161459 | Monthly | | 6/11/2015 | 6/15/2015 | 6/1/2015 | 6/30/2015 | $0.231424 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 09/10/2020 | 09/11/2020 | 05/18/2020 | 09/30/2020 | $0.161459 | Monthly | | 08/11/2020 | 08/12/2020 | 05/18/2020 | 08/31/2020 | $0.161459 | Monthly | | 07/10/2020 | 07/13/2020 | 05/18/2020 | 07/31/2020 | $0.161459 | Monthly | | 03/11/2020 | 03/12/2020 | 01/02/2020 | 03/31/2020 | $0.161459 | Monthly | | 02/11/2020 | 02/12/2020 | 01/02/2020 | 02/28/2020 | $0.161459 | Monthly | | 01/10/2020 | 01/13/2020 | 01/02/2020 | 01/31/2020 | $0.161459 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/11/2019 | 12/12/2019 | 10/01/2019 | 12/31/2019 | $0.161459 | Monthly | | 11/11/2019 | 11/12/2019 | 10/01/2019 | 11/29/2019 | $0.161459 | Monthly | | 10/10/2019 | 10/11/2019 | 10/01/2019 | 10/31/2019 | $0.161459 | Monthly | | 09/11/2019 | 09/12/2019 | 07/01/2019 | 09/30/2019 | $0.161459 | Monthly | | 08/09/2019 | 08/12/2019 | 07/01/2019 | 08/30/2019 | $0.161459 | Monthly | | 07/11/2019 | 07/12/2019 | 07/01/2019 | 07/31/2019 | $0.161459 | Monthly | | 06/11/2019 | 06/12/2019 | 04/01/2019 | 06/28/2019 | $0.161459 | Monthly | | 05/10/2019 | 05/13/2019 | 04/01/2019 | 05/31/2019 | $0.161459 | Monthly | | 04/11/2019 | 04/12/2019 | 04/01/2019 | 04/30/2019 | $0.161459 | Monthly | | 03/11/2019 | 03/12/2019 | 01/02/2019 | 03/29/2019 | $0.161459 | Monthly | | 02/11/2019 | 02/12/2019 | 01/02/2019 | 02/28/2019 | $0.161459 | Monthly | | 01/11/2019 | 01/14/2019 | 01/02/2019 | 01/31/2019 | $0.161459 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/12/2018 | 12/13/2018 | 10/01/2018 | 12/31/2018 | $0.161459 | Monthly | | 11/09/2018 | 11/13/2018 | 10/01/2018 | 11/30/2018 | $0.161459 | Monthly | | 10/11/2018 | 10/12/2018 | 10/01/2018 | 10/31/2018 | $0.161459 | Monthly | | 9/11/2018 | 9/12/2018 | 7/02/2018 | 9/28/2018 | $0.161459 | Monthly | | 8/10/2018 | 8/13/2018 | 7/02/2018 | 8/31/2018 | $0.161459 | Monthly | | 7/11/2018 | 7/12/2018 | 7/02/2018 | 7/31/2018 | $0.161459 | Monthly | | 6/11/2018 | 6/12/2018 | 4/02/2018 | 6/29/2018 | $0.161459 | Monthly | | 5/10/2018 | 5/11/2018 | 4/02/2018 | 5/31/2018 | $0.161459 | Monthly | | 4/11/2018 | 4/12/2018 | 4/02/2018 | 4/30/2018 | $0.161459 | Monthly | | 3/9/2018 | 3/12/2018 | 1/2/2018 | 3/29/2018 | $0.161459 | Monthly | | 2/9/2018 | 2/12/2018 | 1/2/2018 | 2/28/2018 | $0.161459 | Monthly | | 1/11/2018 | 1/12/2018 | 1/2/2018 | 1/31/2018 | $0.161459 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/11/2017 | 12/12/2017 | 10/2/2017 | 12/29/2017 | $0.161459 | Monthly | | 11/9/2017 | 11/10/2017 | 10/2/2017 | 11/30/2017 | $0.161459 | Monthly | | 10/11/2017 | 10/12/2017 | 10/2/2017 | 10/31/2017 | $0.161459 | Monthly | | 9/11/2017 | 9/12/2017 | 7/3/2017 | 9/29/2017 | $0.161459 | Monthly | | 8/9/2017 | 8/11/2017 | 7/3/2017 | 8/31/2017 | $0.161459 | Monthly | | 7/11/2017 | 7/13/2017 | 7/3/2017 | 7/31/2017 | $0.161459 | Monthly | | 6/13/2017 | 6/15/2017 | 4/3/2017 | 6/30/2017 | $0.161459 | Monthly | | 5/11/2017 | 5/15/2017 | 4/3/2017 | 5/31/2017 | $0.161459 | Monthly | | 4/12/2017 | 4/17/2017 | 4/3/2017 | 4/28/2017 | $0.161459 | Monthly | | 03/13/2017 | 3/15/2017 | 1/3/2017 | 3/31/2017 | $0.161459 | Monthly | | 02/13/2017 | 2/15/2017 | 1/3/2017 | 2/28/2017 | $0.161459 | Monthly | | 01/12/2017 | 1/17/2017 | 1/3/2017 | 1/31/2017 | $0.161459 | Monthly |
| Ex-Dividend Date |
Record Date |
Announce Date |
Pay Date |
Amount |
Frequency |
| 12/13/2016 | 12/15/2016 | 11/1/2016 | 12/30/2016 | $0.161459 | Monthly | | 11/10/2016 | 11/15/2016 | 11/1/2016 | 11/30/2016 | $0.161459 | Monthly |
SECTION 19 NOTICES
-
2024
-
2023
- December 29, 2023 Section 19 Notice
- November 30, 2023 Section 19 Notice
- October 31, 2023 Section 19 Notice
- September 29, 2023 Section 19 Notice
- August 31, 2023 Section 19 Notice
- July 31, 2023 Section 19 Notice
- June 30, 2023 Section 19 Notice
- May 31, 2023 Section 19 Notice
- April 28, 2023 Section 19 Notice
- March 31, 2023 Section 19 Notice
- February 28, 2023 Section 19 Notice
- January 31, 2023 Section 19 Notice
- January 24, 2023 Section 19 Notice
-
2022
- December 30, 2022 Section 19 Notice
- November 30, 2022 Section 19 Notice
- October 31, 2022 Section 19 Notice
- September 30, 2022 Section 19 Notice
- August 31, 2022 Section 19 Notice
- July 29, 2022 Section 19 Notice
- June 30, 2022 Section 19 Notice
- May 31, 2022 Section 19 Notice
- April 29, 2022 Section 19 Notice
- March 31, 2022 Section 19 Notice
- February 28, 2022 Section 19 Notice
- January 31, 2022 Section 19 Notice
- January 24, 2022 Section 19 Notice
-
2021
- December 31, 2021 Section 19 Notice
- November 30, 2021 Section 19 Notice
- October 29, 2021 Section 19 Notice
- September 30, 2021 Section 19 Notice
- August 31, 2021 Section 19 Notice
- July 30, 2021 Section 19 Notice
- June 30, 2021 Section 19 Notice
- May 28, 2021 Section 19 Notice
- April 30, 2021 Section 19 Notice
- March 31, 2021 Section 19 Notice
- February 26, 2021 Section 19 Notice
- January 29, 2021 Section 19 Notice
-
2020
- December 31, 2020 Section 19 Notice
- November 30, 2020 Section 19 Notice
- October 30, 2020 Section 19 Notice
- September 30, 2020 Section 19 Notice
- August 31, 2020 Section 19 Notice
- July 31, 2020 Section 19 Notice
- June 30, 2020 Section 19 Notice
- May 29, 2020 Section 19 Notice
- April 30, 2020 Section 19 Notice
- March 31, 2020 Section 19 Notice
- February 28, 2020 Section 19 Notice
- January 31, 2020 Section 19 Notice
-
2019
- December 31, 2019 Section 19 Notice
- November 29, 2019 Section 19 Notice
- October 31, 2019 Section 19 Notice
- September 30, 2019 Section 19 Notice
- August 31, 2019 Section 19 Notice
- July 31, 2019 Section 19 Notice
- June 28, 2019 Section 19 Notice
- May 31, 2019 Section 19 Notice
- April 30, 2019 Section 19 Notice
- March 29, 2019 Section 19 Notice
- February 28, 2019 Section 19 Notice
- January 31, 2019 Section 19 Notice
-
2018
- December 31, 2018 Section 19 Notice
- November 30, 2018 Section 19 Notice
- October 31, 2018 Section 19 Notice
- September 28, 2018 Section 19 Notice
- August 31, 2018 Section 19 Notice
- July 31, 2018 Section 19 Notice
- June 29, 2018 Section 19 Notice
- May 31, 2018 Section 19 Notice
- April 30, 2018 Section 19 Notice
- March 29, 2018 Section 19 Notice
- February 28, 2018 Section 19 Notice
- January 31, 2018 Section 19 Notice
-
2017
- December 29, 2017 Section 19 Notice
- November 30, 2017 Section 19 Notice
- October 31, 2017 Section 19 Notice
- September 29, 2017 Section 19 Notice
- September 08, 2017 Section 19 Notice
- August 31, 2017 Section 19 Notice
- July 31, 2017 Section 19 Notice
- June 30, 2017 Section 19 Notice
- May 31, 2017 Section 19 Notice
- April 28, 2017 Section 19 Notice
- March 31, 2017 Section 19 Notice
- March 15, 2017 Section 19 Notice
- January 31, 2017 Section 19 Notice
-
2016
-
2015
Form 8937
Issuers of corporate securities are required to complete Internal Revenue Service Form 8937 to report organizational actions, including nontaxable distributions that affect the basis of the securities involved in the organizational action. Form 8937 is supplemental information solely for the use of the intended recipient(s) and should not be relied upon as legal, tax, accounting, or similar advice. The recipient is urged to consult its own legal and tax advisors for any such matters as the Company does not provide any such advice.
Please note that Form 8937 was not filed for tax years 2016, 2017, 2021, 2022 and 2023 as all distributions were considered taxable dividends for U.S. tax reporting purposes.
TAX CHARACTERISTICS – ECC
The following table sets forth the estimated amounts and sources of the distributions on shares of common stock, par value $0.001 ("Common Stock"), paid by the Company as reported on the Company’s most recent Section 19(a) notice for purposes of the 1940 Act and the regulations adopted thereunder. The Company's Section 19 notices are separately posted under the Distributions section of this website, the most recent of which is linked in the table below.
Please note that, under U.S. tax rules applicable to the Company, the amount and tax character of the Company’s distributions for each fiscal year can be finally determined only as of the end of each fiscal year of the Company. The amounts and sources of distributions reported in the following table are only estimates and are not being provided for U.S. tax reporting purposes. The final determination of the source of all distributions for the current fiscal year will be made after year-end. The actual amounts and sources of the distributions for U.S. tax reporting purposes will depend upon the Company’s investment experience and may be subject to change based on tax regulations. The Company will issue a Form 1099-DIV after the end of the current fiscal year (which is also the current calendar year) which will report the tax characteristics of the Company’s distributions on shares of its Common Stock for federal income tax purposes.
| Year |
Per Share Distribution |
% Ordinary Income |
% Qualified Dividends(1) |
% Capital Gain |
% Return of Capital |
% Interest Related Dividend(2) |
% 163(j) Interest Dividends(3) |
Source |
| 2024* | $0.48 | 100.00% | 0.00% | 0.00% | 0.00% | TBD | TBD | Section 19 Notice |
The following table sets forth the final amounts and tax characteristics for distributions paid on shares of Common Stock, as reported by the Company on Form 1099-DIV for each of the Company's completed fiscal years, excluding 2014.
| Year |
Per Share Distribution |
% Ordinary Income |
% Qualified Dividends(1) |
% Capital Gain |
% Return of Capital |
% Interest Related Dividend(2) |
% 163(j) Interest Dividends(3) |
Source |
| 2023 | $1.86 | 100.00% | 0.00% | 0.00% | 0.00% | 8.64% | 0.00% | 1099-DIV | | 2022 | $2.37 | 100.00% | 0.00% | 0.00% | 0.00% | 8.56% | 0.00% | 1099-DIV | | 2021 | $1.64 | 100.00% | 0.00% | 0.00% | 0.00% | 8.61% | 0.00% | 1099-DIV | | 2020 | $1.32 | 19.57% | 0.00% | 0.00% | 80.43% | 32.78% | 0.00% | 1099-DIV | | 2019 | $2.40 | 58.33% | 0.00% | 0.00% | 41.67% | 31.87% | N/A | 1099-DIV | | 2018 | $2.40 | 62.79% | 0.00% | 0.00% | 37.21% | 71.83% | N/A | 1099-DIV | | 2017 | $2.65 | 100.00% | 0.00% | 0.00% | 0.00% | 78.53% | N/A | 1099-DIV | | 2016 | $2.40 | 100.00% | 0.00% | 0.00% | 0.00% | 81.50% | N/A | 1099-DIV | | 2015 | $2.40 | 63.93% | 0.00% | 0.00% | 36.07% | 69.85% | N/A | 1099-DIV |
(1)Normally, a regulated investment company’s (“RIC”) dividend payments are considered non-qualified and taxed at ordinary tax rates. However, a RIC’s dividends can be considered qualified to the extent it receives qualified dividends from an approved foreign or domestic corporation. The qualified dividends are passed through to the shareholder and are taxed at preferential rates. This percent represents the portion of ordinary dividends that qualify for the reduced tax rates.
(2)Distributions from a RIC can constitute interest-related distributions under Sections 871(k) and 881(e) of the Internal Revenue Code to the extent said distributions are paid out of U.S. source earnings (including certain securities gains) which would have otherwise qualified for an exemption from U.S. nonresident withholding tax, had a non-U.S. resident received such earnings directly.
Distributions from earnings derived from sources outside the U.S. are generally not exempt from U.S. withholding tax. This percent represents the portion of the ordinary income that is entitled to an exemption from U.S. nonresident withholding tax.
(3)Distributions from a RIC can constitute Internal Revenue Code Section 163(j) interest dividends to the extent said distributions are paid out of a RIC’s excess section 163(j) interest income for the taxable year. This percent represents the portion of ordinary income distributed during the fiscal year that shareholders may treat as interest income for purposes of IRC Section 163(j), subject to holding period requirements and other limitations.
Note: The summary above is supplemental information solely for the use of the intended recipient(s) and should not be relied upon as legal, tax, accounting, or similar advice. Any statement regarding such matters is explanatory and may not be relied upon as definitive advice. The recipient is urged to consult its own legal and tax advisors for any such matters as the Company does not provide any such advice.
Tax Characteristics - ECCA, ECCB
Corporate Governance Documents
Chairman of the Board
James R. Matthews
Mr. Matthews was appointed to the Board as a representative of the Adviser and the Trident V private equity funds. Mr. Matthews is currently a Principal of Stone Point (since October 2011). Mr. Matthews is a member of the Adviser’s investment committee and board of managers. He joined Stone Point from Evercore Partners Inc., where he was a Senior Managing Director and Co-Head of Private Equity. From 2000 to 2007, Mr. Matthews was with Welsh, Carson, Anderson & Stowe, where he was a General Partner and focused on investments in the information services and business services sectors. Previously, Mr. Matthews was a General Partner of J.H. Whitney & Co. and started his career as an Analyst in the mergers and acquisitions group of Salomon Brothers Inc. Mr. Matthews is a director of various portfolio companies of the Trident funds, including Alliant Insurance Services, Inc., Black Mountain Systems, LLC, BridgePoint Risk Management, LLC, Enhanced Capital Holdings, Inc., Tree Line Direct Lending GP, LLC and Tree Line Capital Partners, LLC. Mr. Matthews holds a B.S. from Boston College and an M.B.A. from the Harvard Graduate School of Business Administration.
Independent Director
Scott W. Appleby
Mr. Appleby is the President of Appleby Capital, Inc. and has more than 20 years of banking experience at Appleby Capital, Deutsche Bank, Robertson Stephens, ABN Amro and Paine Webber. As a senior equity analyst, Mr. Appleby has written on global exchanges, alternative asset managers and financial technology. Mr. Appleby was also one of the first Internet analysts and, in 1997, the first analyst to cover the electronic brokerage industry. Mr. Appleby remains an active writer and speaker on financial technology and Wall Street trends. Mr. Appleby serves on a number of private company and community boards. Mr. Appleby holds an M.B.A. from Cornell University and a B.S. from the University of Vermont.
CHIEF EXECUTIVE OFFICER
Thomas P. Majewski
Thomas Majewski is the Managing Partner and founder of Eagle Point Credit Management. He has been involved in the formation and/or monetization of well over 100 CLO transactions across multiple market cycles. Tom led the creation of some of the earliest refinancing CLOs, pioneering techniques which are now commonplace in the market. He has spent his entire career in the structured finance and credit markets.
Prior to founding Eagle Point, Tom was a Managing Director and Head of CLO Banking, where he was responsible for all aspects of RBS's new-issue CLO platform. Prior to joining RBS, Tom was the U.S. country head at AMP Capital/AE Capital, where he was responsible for investing in credit, structured products and other private assets on behalf of several Australian investors. Prior to this, Tom was a Managing Director and head of CLO Banking at Merrill Lynch, where he successfully re-launched the business after several years of limited activity by the firm. Tom also has held leadership positions within CLO and/or securitization groups at JPMorgan, Bear Stearns and Arthur Andersen.
Tom is a Director of Eagle Point Credit Company (NYSE: ECC), Eagle Point Income Company (NYSE: EIC), and Marble Point Loan Financing (LSE: MPLF).
Tom has a B.S. in accounting from Binghamton University and is a Certified Public Accountant (inactive).
Independent Director
Kevin F. McDonald
Mr. McDonald is the Chief Operating Officer of AltaRock Partners as of January 2019. Mr. McDonald previously served as Director of Business Development and Investor Relations of Folger Hill Asset Management, LP from December 2014 to July 2018. Mr. McDonald was a Principal of Taylor Investment Advisors, LP, which he co-founded, from 2002 to March 2017, and served as the Chief Executive Officer from 2006 to December 2014. Previously, Mr. McDonald was a Director at Larch Lane Advisors LLC, an alternative asset management firm specializing in multi-manager hedge fund portfolios, from 1999 to 2001. Mr. McDonald was a Vice President in the futures and options group at JP Morgan Securities from 1994 to 1999 and served as an Assistant Treasurer and proprietary fixed-income trader at BSI Bank (subsidiary of Generali S.P.A.) from 1991 to 1994. Mr. McDonald began his career at Chemical Bank in 1989 where he was a credit analyst in the corporate finance group. Mr. McDonald holds a B.A. from the University of Virginia.
Mr. McDonald also serves as an independent director of Eagle Point Income Company and is a member of the audit committee and the nominating committee of the board of directors of Eagle Point Income Company.
Independent Director
Paul E. Tramontano
Mr. Tramontano has served as a Senior Managing Director and Wealth Manager at First Republic Investment Management since October 2015. Prior to joining First Republic Investment Management, Mr. Tramontano was the founder and Co-Chief Executive Officer at Constellation Wealth Advisors LLC for eight years and was responsible for managing the firm’s East Coast operations as well as serving on both the investment and executive management committees. Prior to forming Constellation Wealth Advisors, Mr. Tramontano spent 17 years at Citi Smith Barney, most recently as a Managing Director and Senior Advisor of Citi Family Office. Mr. Tramontano holds a B.S. from Villanova University and attended the Certified Investment Management program at the Wharton School of Business at the University of Pennsylvania.
Independent Director
Jeffrey L. Weiss
Mr. Weiss is a former Managing Director at Lehman Brothers and Barclays, where he also held a number of senior leadership positions. Mr. Weiss is currently a private investor (since 2012). From 2008 to 2012, Mr. Weiss served as Global Head of Financial Institutions at Barclays. Prior to joining Barclays, Mr. Weiss spent 25 years with Lehman Brothers, most recently as a Managing Director. From 2005 to 2008, Mr. Weiss served on the management committee of Lehman Brothers and from 2007 to 2008 Mr. Weiss was responsible for the financial institutions group businesses at Lehman Brothers. Mr. Weiss serves as the Treasurer and a board member of City Harvest, a non-profit organization. Mr. Weiss holds a B.S. from the University of Wisconsin.
Chairman of the Board
James R. Matthews
Independent Director
Scott W. Appleby
CHIEF EXECUTIVE OFFICER
Thomas P. Majewski
Mr. Matthews was appointed to the Board as a representative of the Adviser and the Trident V private equity funds. Mr. Matthews is currently a Principal of Stone Point (since October 2011). Mr. Matthews is a member of the Adviser’s investment committee and board of managers. He joined Stone Point from Evercore Partners Inc., where he was a Senior Managing Director and Co-Head of Private Equity. From 2000 to 2007, Mr. Matthews was with Welsh, Carson, Anderson & Stowe, where he was a General Partner and focused on investments in the information services and business services sectors. Previously, Mr. Matthews was a General Partner of J.H. Whitney & Co. and started his career as an Analyst in the mergers and acquisitions group of Salomon Brothers Inc. Mr. Matthews is a director of various portfolio companies of the Trident funds, including Alliant Insurance Services, Inc., Black Mountain Systems, LLC, BridgePoint Risk Management, LLC, Enhanced Capital Holdings, Inc., Tree Line Direct Lending GP, LLC and Tree Line Capital Partners, LLC. Mr. Matthews holds a B.S. from Boston College and an M.B.A. from the Harvard Graduate School of Business Administration.
Mr. Appleby is the President of Appleby Capital, Inc. and has more than 20 years of banking experience at Appleby Capital, Deutsche Bank, Robertson Stephens, ABN Amro and Paine Webber. As a senior equity analyst, Mr. Appleby has written on global exchanges, alternative asset managers and financial technology. Mr. Appleby was also one of the first Internet analysts and, in 1997, the first analyst to cover the electronic brokerage industry. Mr. Appleby remains an active writer and speaker on financial technology and Wall Street trends. Mr. Appleby serves on a number of private company and community boards. Mr. Appleby holds an M.B.A. from Cornell University and a B.S. from the University of Vermont.
Thomas Majewski is the Managing Partner and founder of Eagle Point Credit Management. He has been involved in the formation and/or monetization of well over 100 CLO transactions across multiple market cycles. Tom led the creation of some of the earliest refinancing CLOs, pioneering techniques which are now commonplace in the market. He has spent his entire career in the structured finance and credit markets.
Prior to founding Eagle Point, Tom was a Managing Director and Head of CLO Banking, where he was responsible for all aspects of RBS's new-issue CLO platform. Prior to joining RBS, Tom was the U.S. country head at AMP Capital/AE Capital, where he was responsible for investing in credit, structured products and other private assets on behalf of several Australian investors. Prior to this, Tom was a Managing Director and head of CLO Banking at Merrill Lynch, where he successfully re-launched the business after several years of limited activity by the firm. Tom also has held leadership positions within CLO and/or securitization groups at JPMorgan, Bear Stearns and Arthur Andersen.
Tom is a Director of Eagle Point Credit Company (NYSE: ECC), Eagle Point Income Company (NYSE: EIC), and Marble Point Loan Financing (LSE: MPLF).
Tom has a B.S. in accounting from Binghamton University and is a Certified Public Accountant (inactive).
Independent Director
Kevin F. McDonald
Independent Director
Paul E. Tramontano
Independent Director
Jeffrey L. Weiss
Mr. McDonald is the Chief Operating Officer of AltaRock Partners as of January 2019. Mr. McDonald previously served as Director of Business Development and Investor Relations of Folger Hill Asset Management, LP from December 2014 to July 2018. Mr. McDonald was a Principal of Taylor Investment Advisors, LP, which he co-founded, from 2002 to March 2017, and served as the Chief Executive Officer from 2006 to December 2014. Previously, Mr. McDonald was a Director at Larch Lane Advisors LLC, an alternative asset management firm specializing in multi-manager hedge fund portfolios, from 1999 to 2001. Mr. McDonald was a Vice President in the futures and options group at JP Morgan Securities from 1994 to 1999 and served as an Assistant Treasurer and proprietary fixed-income trader at BSI Bank (subsidiary of Generali S.P.A.) from 1991 to 1994. Mr. McDonald began his career at Chemical Bank in 1989 where he was a credit analyst in the corporate finance group. Mr. McDonald holds a B.A. from the University of Virginia.
Mr. McDonald also serves as an independent director of Eagle Point Income Company and is a member of the audit committee and the nominating committee of the board of directors of Eagle Point Income Company.
Mr. Tramontano has served as a Senior Managing Director and Wealth Manager at First Republic Investment Management since October 2015. Prior to joining First Republic Investment Management, Mr. Tramontano was the founder and Co-Chief Executive Officer at Constellation Wealth Advisors LLC for eight years and was responsible for managing the firm’s East Coast operations as well as serving on both the investment and executive management committees. Prior to forming Constellation Wealth Advisors, Mr. Tramontano spent 17 years at Citi Smith Barney, most recently as a Managing Director and Senior Advisor of Citi Family Office. Mr. Tramontano holds a B.S. from Villanova University and attended the Certified Investment Management program at the Wharton School of Business at the University of Pennsylvania.
Mr. Weiss is a former Managing Director at Lehman Brothers and Barclays, where he also held a number of senior leadership positions. Mr. Weiss is currently a private investor (since 2012). From 2008 to 2012, Mr. Weiss served as Global Head of Financial Institutions at Barclays. Prior to joining Barclays, Mr. Weiss spent 25 years with Lehman Brothers, most recently as a Managing Director. From 2005 to 2008, Mr. Weiss served on the management committee of Lehman Brothers and from 2007 to 2008 Mr. Weiss was responsible for the financial institutions group businesses at Lehman Brothers. Mr. Weiss serves as the Treasurer and a board member of City Harvest, a non-profit organization. Mr. Weiss holds a B.S. from the University of Wisconsin.
Chairman
Jeffrey L. Weiss
Mr. Weiss is a former Managing Director at Lehman Brothers and Barclays, where he also held a number of senior leadership positions. Mr. Weiss is currently a private investor (since 2012). From 2008 to 2012, Mr. Weiss served as Global Head of Financial Institutions at Barclays. Prior to joining Barclays, Mr. Weiss spent 25 years with Lehman Brothers, most recently as a Managing Director. From 2005 to 2008, Mr. Weiss served on the management committee of Lehman Brothers and from 2007 to 2008 Mr. Weiss was responsible for the financial institutions group businesses at Lehman Brothers. Mr. Weiss serves as the Treasurer and a board member of City Harvest, a non-profit organization. Mr. Weiss holds a B.S. from the University of Wisconsin.
Independent Director
Scott W. Appleby
Mr. Appleby is the President of Appleby Capital, Inc. and has more than 20 years of banking experience at Appleby Capital, Deutsche Bank, Robertson Stephens, ABN Amro and Paine Webber. As a senior equity analyst, Mr. Appleby has written on global exchanges, alternative asset managers and financial technology. Mr. Appleby was also one of the first Internet analysts and, in 1997, the first analyst to cover the electronic brokerage industry. Mr. Appleby remains an active writer and speaker on financial technology and Wall Street trends. Mr. Appleby serves on a number of private company and community boards. Mr. Appleby holds an M.B.A. from Cornell University and a B.S. from the University of Vermont.
Independent Director
Kevin F. McDonald
Mr. McDonald is the Chief Operating Officer of AltaRock Partners as of January 2019. Mr. McDonald previously served as Director of Business Development and Investor Relations of Folger Hill Asset Management, LP from December 2014 to July 2018. Mr. McDonald was a Principal of Taylor Investment Advisors, LP, which he co-founded, from 2002 to March 2017, and served as the Chief Executive Officer from 2006 to December 2014. Previously, Mr. McDonald was a Director at Larch Lane Advisors LLC, an alternative asset management firm specializing in multi-manager hedge fund portfolios, from 1999 to 2001. Mr. McDonald was a Vice President in the futures and options group at JP Morgan Securities from 1994 to 1999 and served as an Assistant Treasurer and proprietary fixed-income trader at BSI Bank (subsidiary of Generali S.P.A.) from 1991 to 1994. Mr. McDonald began his career at Chemical Bank in 1989 where he was a credit analyst in the corporate finance group. Mr. McDonald holds a B.A. from the University of Virginia.
Mr. McDonald also serves as an independent director of Eagle Point Income Company and is a member of the audit committee and the nominating committee of the board of directors of Eagle Point Income Company.
Independent Director
Paul E. Tramontano
Mr. Tramontano has served as a Senior Managing Director and Wealth Manager at First Republic Investment Management since October 2015. Prior to joining First Republic Investment Management, Mr. Tramontano was the founder and Co-Chief Executive Officer at Constellation Wealth Advisors LLC for eight years and was responsible for managing the firm’s East Coast operations as well as serving on both the investment and executive management committees. Prior to forming Constellation Wealth Advisors, Mr. Tramontano spent 17 years at Citi Smith Barney, most recently as a Managing Director and Senior Advisor of Citi Family Office. Mr. Tramontano holds a B.S. from Villanova University and attended the Certified Investment Management program at the Wharton School of Business at the University of Pennsylvania.
Chairman
Jeffrey L. Weiss
Independent Director
Scott W. Appleby
Independent Director
Kevin F. McDonald
Mr. Weiss is a former Managing Director at Lehman Brothers and Barclays, where he also held a number of senior leadership positions. Mr. Weiss is currently a private investor (since 2012). From 2008 to 2012, Mr. Weiss served as Global Head of Financial Institutions at Barclays. Prior to joining Barclays, Mr. Weiss spent 25 years with Lehman Brothers, most recently as a Managing Director. From 2005 to 2008, Mr. Weiss served on the management committee of Lehman Brothers and from 2007 to 2008 Mr. Weiss was responsible for the financial institutions group businesses at Lehman Brothers. Mr. Weiss serves as the Treasurer and a board member of City Harvest, a non-profit organization. Mr. Weiss holds a B.S. from the University of Wisconsin.
Mr. Appleby is the President of Appleby Capital, Inc. and has more than 20 years of banking experience at Appleby Capital, Deutsche Bank, Robertson Stephens, ABN Amro and Paine Webber. As a senior equity analyst, Mr. Appleby has written on global exchanges, alternative asset managers and financial technology. Mr. Appleby was also one of the first Internet analysts and, in 1997, the first analyst to cover the electronic brokerage industry. Mr. Appleby remains an active writer and speaker on financial technology and Wall Street trends. Mr. Appleby serves on a number of private company and community boards. Mr. Appleby holds an M.B.A. from Cornell University and a B.S. from the University of Vermont.
Mr. McDonald is the Chief Operating Officer of AltaRock Partners as of January 2019. Mr. McDonald previously served as Director of Business Development and Investor Relations of Folger Hill Asset Management, LP from December 2014 to July 2018. Mr. McDonald was a Principal of Taylor Investment Advisors, LP, which he co-founded, from 2002 to March 2017, and served as the Chief Executive Officer from 2006 to December 2014. Previously, Mr. McDonald was a Director at Larch Lane Advisors LLC, an alternative asset management firm specializing in multi-manager hedge fund portfolios, from 1999 to 2001. Mr. McDonald was a Vice President in the futures and options group at JP Morgan Securities from 1994 to 1999 and served as an Assistant Treasurer and proprietary fixed-income trader at BSI Bank (subsidiary of Generali S.P.A.) from 1991 to 1994. Mr. McDonald began his career at Chemical Bank in 1989 where he was a credit analyst in the corporate finance group. Mr. McDonald holds a B.A. from the University of Virginia.
Mr. McDonald also serves as an independent director of Eagle Point Income Company and is a member of the audit committee and the nominating committee of the board of directors of Eagle Point Income Company.
Independent Director
Paul E. Tramontano
Mr. Tramontano has served as a Senior Managing Director and Wealth Manager at First Republic Investment Management since October 2015. Prior to joining First Republic Investment Management, Mr. Tramontano was the founder and Co-Chief Executive Officer at Constellation Wealth Advisors LLC for eight years and was responsible for managing the firm’s East Coast operations as well as serving on both the investment and executive management committees. Prior to forming Constellation Wealth Advisors, Mr. Tramontano spent 17 years at Citi Smith Barney, most recently as a Managing Director and Senior Advisor of Citi Family Office. Mr. Tramontano holds a B.S. from Villanova University and attended the Certified Investment Management program at the Wharton School of Business at the University of Pennsylvania.
Chairman
Scott W. Appleby
Mr. Appleby is the President of Appleby Capital, Inc. and has more than 20 years of banking experience at Appleby Capital, Deutsche Bank, Robertson Stephens, ABN Amro and Paine Webber. As a senior equity analyst, Mr. Appleby has written on global exchanges, alternative asset managers and financial technology. Mr. Appleby was also one of the first Internet analysts and, in 1997, the first analyst to cover the electronic brokerage industry. Mr. Appleby remains an active writer and speaker on financial technology and Wall Street trends. Mr. Appleby serves on a number of private company and community boards. Mr. Appleby holds an M.B.A. from Cornell University and a B.S. from the University of Vermont.
Independent Director
Kevin F. McDonald
Mr. McDonald is the Chief Operating Officer of AltaRock Partners as of January 2019. Mr. McDonald previously served as Director of Business Development and Investor Relations of Folger Hill Asset Management, LP from December 2014 to July 2018. Mr. McDonald was a Principal of Taylor Investment Advisors, LP, which he co-founded, from 2002 to March 2017, and served as the Chief Executive Officer from 2006 to December 2014. Previously, Mr. McDonald was a Director at Larch Lane Advisors LLC, an alternative asset management firm specializing in multi-manager hedge fund portfolios, from 1999 to 2001. Mr. McDonald was a Vice President in the futures and options group at JP Morgan Securities from 1994 to 1999 and served as an Assistant Treasurer and proprietary fixed-income trader at BSI Bank (subsidiary of Generali S.P.A.) from 1991 to 1994. Mr. McDonald began his career at Chemical Bank in 1989 where he was a credit analyst in the corporate finance group. Mr. McDonald holds a B.A. from the University of Virginia.
Mr. McDonald also serves as an independent director of Eagle Point Income Company and is a member of the audit committee and the nominating committee of the board of directors of Eagle Point Income Company.
Independent Director
Paul E. Tramontano
Mr. Tramontano has served as a Senior Managing Director and Wealth Manager at First Republic Investment Management since October 2015. Prior to joining First Republic Investment Management, Mr. Tramontano was the founder and Co-Chief Executive Officer at Constellation Wealth Advisors LLC for eight years and was responsible for managing the firm’s East Coast operations as well as serving on both the investment and executive management committees. Prior to forming Constellation Wealth Advisors, Mr. Tramontano spent 17 years at Citi Smith Barney, most recently as a Managing Director and Senior Advisor of Citi Family Office. Mr. Tramontano holds a B.S. from Villanova University and attended the Certified Investment Management program at the Wharton School of Business at the University of Pennsylvania.
Independent Director
Jeffrey L. Weiss
Mr. Weiss is a former Managing Director at Lehman Brothers and Barclays, where he also held a number of senior leadership positions. Mr. Weiss is currently a private investor (since 2012). From 2008 to 2012, Mr. Weiss served as Global Head of Financial Institutions at Barclays. Prior to joining Barclays, Mr. Weiss spent 25 years with Lehman Brothers, most recently as a Managing Director. From 2005 to 2008, Mr. Weiss served on the management committee of Lehman Brothers and from 2007 to 2008 Mr. Weiss was responsible for the financial institutions group businesses at Lehman Brothers. Mr. Weiss serves as the Treasurer and a board member of City Harvest, a non-profit organization. Mr. Weiss holds a B.S. from the University of Wisconsin.
Chairman
Scott W. Appleby
Independent Director
Kevin F. McDonald
Independent Director
Paul E. Tramontano
Mr. Appleby is the President of Appleby Capital, Inc. and has more than 20 years of banking experience at Appleby Capital, Deutsche Bank, Robertson Stephens, ABN Amro and Paine Webber. As a senior equity analyst, Mr. Appleby has written on global exchanges, alternative asset managers and financial technology. Mr. Appleby was also one of the first Internet analysts and, in 1997, the first analyst to cover the electronic brokerage industry. Mr. Appleby remains an active writer and speaker on financial technology and Wall Street trends. Mr. Appleby serves on a number of private company and community boards. Mr. Appleby holds an M.B.A. from Cornell University and a B.S. from the University of Vermont.
Mr. McDonald is the Chief Operating Officer of AltaRock Partners as of January 2019. Mr. McDonald previously served as Director of Business Development and Investor Relations of Folger Hill Asset Management, LP from December 2014 to July 2018. Mr. McDonald was a Principal of Taylor Investment Advisors, LP, which he co-founded, from 2002 to March 2017, and served as the Chief Executive Officer from 2006 to December 2014. Previously, Mr. McDonald was a Director at Larch Lane Advisors LLC, an alternative asset management firm specializing in multi-manager hedge fund portfolios, from 1999 to 2001. Mr. McDonald was a Vice President in the futures and options group at JP Morgan Securities from 1994 to 1999 and served as an Assistant Treasurer and proprietary fixed-income trader at BSI Bank (subsidiary of Generali S.P.A.) from 1991 to 1994. Mr. McDonald began his career at Chemical Bank in 1989 where he was a credit analyst in the corporate finance group. Mr. McDonald holds a B.A. from the University of Virginia.
Mr. McDonald also serves as an independent director of Eagle Point Income Company and is a member of the audit committee and the nominating committee of the board of directors of Eagle Point Income Company.
Mr. Tramontano has served as a Senior Managing Director and Wealth Manager at First Republic Investment Management since October 2015. Prior to joining First Republic Investment Management, Mr. Tramontano was the founder and Co-Chief Executive Officer at Constellation Wealth Advisors LLC for eight years and was responsible for managing the firm’s East Coast operations as well as serving on both the investment and executive management committees. Prior to forming Constellation Wealth Advisors, Mr. Tramontano spent 17 years at Citi Smith Barney, most recently as a Managing Director and Senior Advisor of Citi Family Office. Mr. Tramontano holds a B.S. from Villanova University and attended the Certified Investment Management program at the Wharton School of Business at the University of Pennsylvania.
Independent Director
Jeffrey L. Weiss
Mr. Weiss is a former Managing Director at Lehman Brothers and Barclays, where he also held a number of senior leadership positions. Mr. Weiss is currently a private investor (since 2012). From 2008 to 2012, Mr. Weiss served as Global Head of Financial Institutions at Barclays. Prior to joining Barclays, Mr. Weiss spent 25 years with Lehman Brothers, most recently as a Managing Director. From 2005 to 2008, Mr. Weiss served on the management committee of Lehman Brothers and from 2007 to 2008 Mr. Weiss was responsible for the financial institutions group businesses at Lehman Brothers. Mr. Weiss serves as the Treasurer and a board member of City Harvest, a non-profit organization. Mr. Weiss holds a B.S. from the University of Wisconsin.
CHIEF EXECUTIVE OFFICER
Thomas P. Majewski
Thomas Majewski is the Managing Partner and founder of Eagle Point Credit Management. He has been involved in the formation and/or monetization of well over 100 CLO transactions across multiple market cycles. Tom led the creation of some of the earliest refinancing CLOs, pioneering techniques which are now commonplace in the market. He has spent his entire career in the structured finance and credit markets.
Prior to founding Eagle Point, Tom was a Managing Director and Head of CLO Banking, where he was responsible for all aspects of RBS's new-issue CLO platform. Prior to joining RBS, Tom was the U.S. country head at AMP Capital/AE Capital, where he was responsible for investing in credit, structured products and other private assets on behalf of several Australian investors. Prior to this, Tom was a Managing Director and head of CLO Banking at Merrill Lynch, where he successfully re-launched the business after several years of limited activity by the firm. Tom also has held leadership positions within CLO and/or securitization groups at JPMorgan, Bear Stearns and Arthur Andersen.
Tom is a Director of Eagle Point Credit Company (NYSE: ECC), Eagle Point Income Company (NYSE: EIC), and Marble Point Loan Financing (LSE: MPLF).
Tom has a B.S. in accounting from Binghamton University and is a Certified Public Accountant (inactive).
Chief Financial and Chief Operating Officer
Kenneth Onorio, CPA
Ken Onorio joined Eagle Point in 2014 and is the firm’s Chief Financial and Operating Officer. Ken’s primary responsibilities include oversight of the firm’s Finance, Operations and Tax Departments as well as management of the firm’s key vendors. Ken has over 25 years of experience spanning multiple facets of asset management and financial services and possesses a comprehensive knowledge of Private Equity and Hedge Fund structures, credit products and financial controls.
Ken joined Eagle Point from JPMorgan Alternative Investment Services where he was an Executive Director of Private Equity and Hedge Fund Administration. Previously, Ken was the Chief Financial Officer of Sailfish Capital and Financial Controller of Amaranth Advisors. Ken began his career as an Auditor with Coopers and Lybrand.
Ken holds a B.S. in Accounting from Fordham University and is a Certified Public Accountant (inactive).
CHIEF COMPLIANCE OFFICER
Nauman S. Malik
Nauman Malik is Eagle Point Credit Management’s General Counsel and Chief Compliance Officer. Nauman is primarily responsible for oversight of Eagle Point’s legal and compliance affairs and manages the compliance program of the Registered Investment Adviser.
Prior to joining Eagle Point Credit Management in June 2015, Nauman was an attorney with Dechert LLP’s Financial Services Group and focused his practice on investment advisers, private funds (including hedge funds and private equity funds), open and closed-end registered investment companies, and non-US fund distribution matters. Prior to Dechert, Nauman was General Counsel and Chief Compliance Officer of an Asia-focused alternative investment manager that managed a variety of investment strategies, including equities, real estate and managed futures, and that had operations that spanned across the United States, India and Singapore. During his 4 year tenure, Nauman was responsible for managing the legal aspects of the firm as well as the firm’s SEC-compliance program.
Nauman obtained his J.D. (cum laude) from Georgetown University Law Center and graduated Magna Cum Laude from the University of Pennsylvania’s Wharton School with a B.S. in finance, marketing and operations and information management.
SECRETARY
Courtney B. Fandrick
Ms. Fandrick joined Eagle Point in December 2014 as Deputy Chief Compliance Officer. She is responsible for overseeing the firm’s compliance program along with Eagle Point’s CCO, which includes ensuring compliance with the firm’s policies and procedures, forensic testing, completing regulatory filings and other related tasks. Additionally, Ms. Fandrick serves as the Secretary for Eagle Point Credit Company Inc and Eagle Point Income Company LLC.
Before joining Eagle Point, Ms. Fandrick was a Senior Compliance Associate at Bridgewater Associates, LP and prior to that was a Compliance Associate at PanAgora Asset Management.
Ms. Fandrick received her B.A. in Mathematics and Statistics from Miami University and her MBA from University of Phoenix.
CHIEF EXECUTIVE OFFICER
Thomas P. Majewski
Chief Financial and Chief Operating Officer
Kenneth Onorio, CPA
CHIEF COMPLIANCE OFFICER
Nauman S. Malik
Thomas Majewski is the Managing Partner and founder of Eagle Point Credit Management. He has been involved in the formation and/or monetization of well over 100 CLO transactions across multiple market cycles. Tom led the creation of some of the earliest refinancing CLOs, pioneering techniques which are now commonplace in the market. He has spent his entire career in the structured finance and credit markets.
Prior to founding Eagle Point, Tom was a Managing Director and Head of CLO Banking, where he was responsible for all aspects of RBS's new-issue CLO platform. Prior to joining RBS, Tom was the U.S. country head at AMP Capital/AE Capital, where he was responsible for investing in credit, structured products and other private assets on behalf of several Australian investors. Prior to this, Tom was a Managing Director and head of CLO Banking at Merrill Lynch, where he successfully re-launched the business after several years of limited activity by the firm. Tom also has held leadership positions within CLO and/or securitization groups at JPMorgan, Bear Stearns and Arthur Andersen.
Tom is a Director of Eagle Point Credit Company (NYSE: ECC), Eagle Point Income Company (NYSE: EIC), and Marble Point Loan Financing (LSE: MPLF).
Tom has a B.S. in accounting from Binghamton University and is a Certified Public Accountant (inactive).
Ken Onorio joined Eagle Point in 2014 and is the firm’s Chief Financial and Operating Officer. Ken’s primary responsibilities include oversight of the firm’s Finance, Operations and Tax Departments as well as management of the firm’s key vendors. Ken has over 25 years of experience spanning multiple facets of asset management and financial services and possesses a comprehensive knowledge of Private Equity and Hedge Fund structures, credit products and financial controls.
Ken joined Eagle Point from JPMorgan Alternative Investment Services where he was an Executive Director of Private Equity and Hedge Fund Administration. Previously, Ken was the Chief Financial Officer of Sailfish Capital and Financial Controller of Amaranth Advisors. Ken began his career as an Auditor with Coopers and Lybrand.
Ken holds a B.S. in Accounting from Fordham University and is a Certified Public Accountant (inactive).
Nauman Malik is Eagle Point Credit Management’s General Counsel and Chief Compliance Officer. Nauman is primarily responsible for oversight of Eagle Point’s legal and compliance affairs and manages the compliance program of the Registered Investment Adviser.
Prior to joining Eagle Point Credit Management in June 2015, Nauman was an attorney with Dechert LLP’s Financial Services Group and focused his practice on investment advisers, private funds (including hedge funds and private equity funds), open and closed-end registered investment companies, and non-US fund distribution matters. Prior to Dechert, Nauman was General Counsel and Chief Compliance Officer of an Asia-focused alternative investment manager that managed a variety of investment strategies, including equities, real estate and managed futures, and that had operations that spanned across the United States, India and Singapore. During his 4 year tenure, Nauman was responsible for managing the legal aspects of the firm as well as the firm’s SEC-compliance program.
Nauman obtained his J.D. (cum laude) from Georgetown University Law Center and graduated Magna Cum Laude from the University of Pennsylvania’s Wharton School with a B.S. in finance, marketing and operations and information management.
SECRETARY
Courtney B. Fandrick
Ms. Fandrick joined Eagle Point in December 2014 as Deputy Chief Compliance Officer. She is responsible for overseeing the firm’s compliance program along with Eagle Point’s CCO, which includes ensuring compliance with the firm’s policies and procedures, forensic testing, completing regulatory filings and other related tasks. Additionally, Ms. Fandrick serves as the Secretary for Eagle Point Credit Company Inc and Eagle Point Income Company LLC.
Before joining Eagle Point, Ms. Fandrick was a Senior Compliance Associate at Bridgewater Associates, LP and prior to that was a Compliance Associate at PanAgora Asset Management.
Ms. Fandrick received her B.A. in Mathematics and Statistics from Miami University and her MBA from University of Phoenix.
FAQ
Who is Eagle Point Credit Company Inc.?
Eagle Point Credit Company Inc. (“the Company”) is a non-diversified, closed-end management investment company. The Company’s investment objective is to generate high current income and capital appreciation primarily through investment in equity and junior debt tranches of collateralized loan obligations, or CLOs. The Company is externally managed and advised by Eagle Point Credit Management Inc. Shares of the Company’s common stock are listed on the New York Stock Exchange (“NYSE”) under the symbol “ECC”.
Who is Eagle Point Credit Management LLC?
Eagle Point Credit Management Inc (the “Adviser”) is the investment adviser of the Company and manages the investments of the Company subject to the supervision of the Company’s Board of Directors. The Adviser is registered as an investment adviser with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended.
Who is Eagle Point Administration LLC?
Eagle Point Administration Inc (the “Administrator”), a wholly-owned subsidiary of the Adviser, is the administrator of the Company. Pursuant to the Administration Agreement between the Administrator and the Company, the Administrator furnishes the Company with office facilities and equipment, and clerical, bookkeeping and recordkeeping services. Under the Administration Agreement, the Administrator also performs, or arranges for the performance of, required administrative services, including accounting services, assistance in determining the Company’s net asset value, the preparation of financial statements, oversight of the preparation and filing of tax returns and the printing and dissemination of reports to the Company’s stockholders, general oversight of the payment of Company expenses and the performance of sub-administrative and professional services rendered by others, and the provision of such other administrative services as the Company may from time to time designate or require.
Where can I find information about the Company's Net Asset Value (NAV)?
Information about the Company’s NAV can be found under the NAV History page of our website.
Does the Company pay Distributions?
Yes. Historically, the Company has paid monthly distributions to stockholders of record of common stock and stockholders of record of preferred stock since 2017. Information about historical distributions paid to common stockholders can be found on the Distribution History page of our website.
Does the Company have a Dividend Reinvestment Plan (DRIP)?
The Company has established an automatic DRIP. Each holder of at least one full share of our common stock will be automatically enrolled in the DRIP. Under the DRIP, distributions on shares of the Company’s common stock are automatically reinvested in additional shares of the Company’s common stock by Equiniti or the “DRIP Agent.” Holders of the Company’s common stock who receive distributions in the form of additional shares of the Company’s common stock are nonetheless required to pay applicable federal, state or local taxes on the reinvested distribution but will not receive a corresponding cash distribution with which to pay any applicable tax. Holders of shares of the Company’s common stock who opt-out of participation in the DRIP (including those holders whose shares are held through a broker who has opted out of participation in the DRIP) will receive all distributions in cash. Reinvested distributions increase the Company’s stockholders’ equity on which a management fee is payable to the Adviser. If you hold shares of the Company’s common stock through a broker, you should contact your broker to confirm whether you participate in the DRIP. For more information on the DRIP program, please refer to our annual and semiannual reports.
How do I know if I am a registered stockholder?
A registered stockholder is one who holds shares directly with the Company. If shares were purchased through a broker, the shares may be registered in the name of the broker (held in “street name”) instead of being registered in the name of the beneficial owner. Individual stockholders whose shares are held in street name should contact their broker for more information on their participation in the DRIP.
Are dividends taxable to stockholders?
Dividends are generally taxable for stockholders as ordinary income and/or capital gain. The Company will send each of its U.S. registered stockholders an annual Form 1099-DIV no later than January 31 after the tax year end. Form 1099-DIV details the amounts includible in such U.S. stockholder's taxable income for the year as ordinary income and/or long-term capital gain.
How can I receive e-mail alerts from the Company?
For more information on how to sign up for e-mail alerts regarding events, documents and press releases please visit the E-mail Alert Form on the contact page.
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