Eagle Point Credit Company Inc. Launches Offering of 7.00% Convertible and Perpetual Preferred Stock
Eagle Point Credit Company Inc. (ECC)
NASDAQ:AMEX Investor Relations:
eaglepointcreditcompany.com/investor-relations/default.aspx
Company Research
Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC) announced it has commenced a continuous public offering of 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 (collectively, the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $91 million after payment of estimated commissions and offering expenses if all shares of the Preferred Stock are sold. The Preferred Stock has a 7.00% annual dividend rate, paid monthly, and is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency. The Preferred Stock is perpetual and convertible by the holder into shares of the Company’s common stock or cash (as determined by the Company at its sole discretion), subject to certain conditions.Eagle Point Securities LLC is the dealer manager for the Preferred Stock off
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ECC
News
- Eagle Point Credit Company Inc. Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Eagle Point Credit Company Inc. Announces First Quarter 2024 Financial ResultsBusiness Wire
- Eagle Point Credit Company Inc. Announces Third Quarter 2024 Regular and Supplemental Common Distributions and Preferred DistributionsBusiness Wire
- Eagle Point Credit: I Don't Mind The 8.5% Preferred Dividend Yield [Seeking Alpha]Seeking Alpha
- ECC: Invest In CLOs With This 18% Yield CEF [Seeking Alpha]Seeking Alpha
ECC
Sec Filings
- 5/21/24 - Form N-30B-2
- 5/21/24 - Form 497AD
- 5/15/24 - Form 8-K
- ECC's page on the SEC website