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Eagle Point Credit Co., 6.75% Notes due 9/30/2027
Ticker Symbol: ECCY* CUSIP: 269809406 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/14/2022
Security has been Called for: Monday, February 14, 2022
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 all of the aggregate principal amount of the outstanding 6.75% notes due 2027 (NYSE: ECCY) (the “2027 Notes”) on February 14, 2022 (the “2027 Notes Redemption Date”).
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Eagle Point Credit Company. Inc., 6.75% Notes due 2027, issued in $25 denominations, redeemable at the issuer's option on or after 9/30/2020 at $25 per note plus accrued and unpaid interest, and maturing 9/30/2027. Interest distributions of 6.75% per annum ($1.6875 per annum or $0.421875 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (ECC)
IPO - 8/1/2017 - 1.10 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $27.5 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| 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.
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203-340-8510
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| CEO - Thomas P. Majewski |
CFO - Kenneth P. Onorio |
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