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Eagle Point Credit Company Inc. Announces Fourth Quarter 2018 Common and Preferred Distributions

10/01/2018

GREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCA, ECCB, ECCX, ECCY) today is pleased to announce the declaration of distributions on shares of the Company’s common stock.

The Company has declared three separate distributions of $0.20 per share on its common stock, payable on each of October 31, 2018, November 30, 2018 and December 31, 2018 to stockholders of record as of October 12, 2018, November 13, 2018 and December 13, 2018, respectively. The following schedule applies to the distributions:

 
Ex-Dividend Date       Record Date       Payable Date      

Amount per common
share

October 11, 2018       October 12, 2018       October 31, 2018       $0.20
November 12, 2018       November 13, 2018       November 30, 2018       $0.20
December 12, 2018       December 13, 2018       December 31, 2018       $0.20
                 

The Company is also pleased to announce the declaration of distributions on shares of the Company’s 7.75% Series A Term Preferred Stock due 2022 and 7.75% Series B Term Preferred Stock due 2026 (collectively, the “Preferred Stock”).

The Company has declared a distribution of $0.161459 per share on its Preferred Stock, payable on each of October 31, 2018, November 30, 2018 and December 31, 2018. The following schedule applies to the distributions:

                         
Ex-Dividend Date       Record Date       Payable Date      

Amount per share of
Preferred Stock

October 11, 2018       October 12, 2018       October 31, 2018       $0.161459
November 12, 2018       November 13, 2018       November 30, 2018       $0.161459
December 12, 2018       December 13, 2018       December 31, 2018       $0.161459
                 

The distributions on the Preferred Stock reflect an annual distribution rate of 7.75% of the $25 liquidation preference per share of the Preferred Stock for each of October, November and December.

Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2018 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 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.

Investor and Media Relations:
ICR
203-340-8510
IR@EaglePointCredit.com
www.eaglepointcreditcompany.com

Source: Eagle Point Credit Company Inc.

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