January 14, 2022 -- Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCB, ECCC, ECC PRD, ECCW, ECCX, ECCY) announced today that it will redeem (i) all of the outstanding shares of its 7.75% Series B Term Preferred Stock due 2026 (NYSE: ECCB) (“Series B Term Preferred Stock”) on February 28, 2022 (the “Series B Redemption Date”).

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Eagle Point Credit Company, Inc., 7.75% Series B Cumulative Term Preferred Stock due 2026, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/30/2021 at $25 per share plus accrued and unpaid dividends, and mandatorily redeemable on 10/30/2026 at $25 per share plus accrued and unpaid dividends. Cumulative distributions of 7.75% ($1.9375 per annum or $0.161458 per month) will be paid monthly on the last business day of each month to holders of record on the record date fixed by the board, not more than 20 days or less than 7 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Company is required to redeem the preferred at $25 per share plus accrued and unpaid dividends if they fail to maintain an asset coverage ratio of 200% (see page S-12 of the prospectus for further details). If the Company fails to redeem the preferred pursuant to the mandatory redemption required on 10/30/2026, or in any other circumstance in which the issuer is required to redeem the shares, then the Fixed Dividend Rate will increase by two percent (2.00%) for so long as such failure continues (see prospectus for further information). The dividends on the Series B Term Preferred Stock will not qualify for the dividend received deduction or for taxation as qualified dividend income (see page 85 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.75% $1.94	$25.00 $25.00	Called for 2/28/2022 10/30/2026	NF NF 12/02/2020	last business day of each month Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.eaglepointcreditcompany.com
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Company's Email Address Links

Email Address	ir@EaglePointCredit.com
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Address and Phone Numbers

Address:   20 Horseneck Lane, Greenwich, CT 06830
Main Phone Number	203-862-3150
Fax Number	Not Available
Investor Relations   ICR, Inc.	203-340-8510

CEO - Thomas P. Majewski

CFO - Kenneth P. Onorio