Eagle Point Credit Co Stock Price, News & Analysis

Eagle Point Credit Company Inc. (NYSE: ECC) is an externally managed, non-diversified closed-end management investment company. According to its public disclosures, the company’s primary investment objective is to generate high current income, with a secondary objective of capital appreciation. It seeks to achieve these objectives by investing in equity and junior debt tranches of collateralized loan obligations ("CLOs") that are collateralized by portfolios consisting of below-investment-grade U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors. The company has stated that it intends to operate so as to qualify to be taxed as a regulated investment company.

Eagle Point Credit Company’s common stock trades on the New York Stock Exchange under the symbol ECC. In addition to its common stock, the company has multiple series of preferred stock and notes registered under Section 12(b) of the Securities Exchange Act of 1934, which also trade on the New York Stock Exchange. These include 6.50% Series C Term Preferred Stock due 2031 (ECCC), 6.75% Series D Preferred Stock (ECC PRD), and 8.00% Series F Term Preferred Stock due 2029 (ECCF), as well as several series of notes, such as 6.6875% Notes due 2028 (ECCX), 6.75% Notes due 2031 (ECCW), 5.375% Notes due 2029 (ECCV), and 7.75% Notes due 2030 (ECCU), as reflected in multiple Form 8-K filings.

The company is organized in the finance and insurance sector and is classified in the securities and commodity exchanges industry. Its strategy centers on investing in CLO equity and junior debt securities backed by diversified pools of below-investment-grade U.S. senior secured loans. These loans are described as senior secured obligations of U.S. companies, and the CLO structures are designed to provide exposure to a broad range of underlying corporate borrowers across many industries. By focusing on these CLO tranches, Eagle Point Credit Company targets income-oriented credit investments.

Eagle Point Credit Company is externally managed. Its filings and related disclosures reference Eagle Point Credit Management LLC and affiliates (together, "Eagle Point") as specialist credit asset managers focused on income-oriented credit investments, including CLO securities, senior secured loans and portfolio debt securities. Eagle Point and its affiliates manage assets for institutional and private wealth clients through various vehicles, and Eagle Point Credit Company is one of the listed funds associated with this broader platform.

In the company’s definitive proxy statement on Schedule 14A, Eagle Point Credit Company Inc. describes a proposal to convert its legal form from a Delaware corporation to a Delaware statutory trust pursuant to a Plan of Conversion. The proxy materials explain that, if stockholders approve the proposal, the company’s legal form would change, and its organizational documents would be updated under Delaware law. The proxy statement also notes that, in connection with the conversion, the board approved a name change so that, following the conversion, the entity would be known as Eagle Point Credit Company. The proxy statement emphasizes that the conversion is intended to preserve the continuity of the company’s legal existence, performance and accounting history while changing its business structure.

The proxy materials further explain that, after the proposed conversion, each existing share of common stock would become a common share of beneficial interest, and each existing share of preferred stock would become a preferred share of beneficial interest of the same series. Holders of common and preferred stock would therefore continue to hold economically equivalent interests, but in a Delaware statutory trust rather than a Delaware corporation. The proxy statement also discusses certain benefits of the statutory trust form, such as greater flexibility and the ability to issue an unlimited number of common and preferred shares without the same shareholder approval requirements that apply to a Delaware corporation, as well as not being subject to the Delaware corporate franchise tax.

Through its periodic Form 8-K filings, Eagle Point Credit Company provides management’s unaudited estimates of net asset value (NAV) per share of common stock and ranges for net investment income and realized gains or losses for specific periods. These filings illustrate the company’s focus on NAV, income generation and realized performance as key metrics for common stockholders. The company also uses Form 8-K to disclose actions affecting its capital structure, such as the December 29, 2025 notice that it had elected to redeem in full the outstanding shares of its 8.00% Series F Term Preferred Stock due 2029, with the redemption to be completed on a specified date and at a defined redemption price plus accumulated but unpaid dividends and distributions.

According to the proxy statement and other filings, Eagle Point Credit Company’s stockholders include holders of common stock and multiple series of preferred stock. For corporate actions such as the proposed conversion to a Delaware statutory trust, holders of common and preferred shares vote together as a single class, with each share generally entitled to one vote on the proposal. The proxy materials also describe that certain unlisted preferred stock series (Series AA and Series AB Convertible and Perpetual Preferred Stock) have appraisal rights in connection with the conversion under Delaware law, while holders of other preferred stock and common stock do not have appraisal rights for that transaction.

Eagle Point Credit Company’s disclosures emphasize that its investment strategy involves exposure to below-investment-grade credit through CLO equity and junior debt tranches. These investments are backed by portfolios of U.S. senior secured loans, which are typically first-lien obligations of corporate borrowers. The company highlights diversification across a large number of underlying borrowers and industry sectors as a characteristic of the CLO portfolios in which it invests. Its objective of generating high current income, with capital appreciation as a secondary goal, positions ECC as a vehicle focused on income-oriented credit investments within the listed closed-end fund universe.

Business model and structure

Business model: Eagle Point Credit Company functions as a closed-end management investment company that invests primarily in CLO equity and junior debt tranches backed by below-investment-grade U.S. senior secured loans. The company’s stated primary objective is to generate high current income, and its secondary objective is capital appreciation. It seeks to qualify as a regulated investment company for U.S. federal income tax purposes, which influences how it manages its portfolio and distributes income.

External management: The company is externally managed, with its investment activities overseen by Eagle Point Credit Management LLC and affiliates. These affiliated managers are described in related disclosures as specialist asset managers focused on income-oriented credit investments, including CLO securities, senior secured loans and portfolio debt securities. Eagle Point’s broader platform includes other funds and vehicles, some of which are non-traded closed-end funds or other listed entities.

Capital structure: Eagle Point Credit Company’s capital structure includes common stock, multiple series of preferred stock and several series of exchange-listed notes. The presence of term preferred stock and notes with stated coupon rates and maturities, as reflected in the company’s Form 8-K filings, indicates that the company uses leverage through preferred equity and debt securities to support its investment strategy. Corporate actions such as the planned full redemption of the Series F Term Preferred Stock demonstrate active management of this capital structure over time.

Regulatory and governance context

As a closed-end management investment company with securities registered under Section 12(b) of the Securities Exchange Act of 1934, Eagle Point Credit Company is subject to ongoing reporting obligations, including annual and semi-annual reports to stockholders and current reports on Form 8-K. The definitive proxy statement on Schedule 14A shows that the board of directors (and, following any conversion, the governing body of the statutory trust) oversees key corporate decisions, such as changes in legal form and organizational documents.

The proxy statement also explains that the company bears the expenses associated with proxy solicitations and related legal and advisory services. It notes that the company may engage service providers, such as EQ Fund Solutions, to assist with proxy solicitation and collection of votes. Stockholders receive proxy materials and have the ability to vote in person or by proxy on matters such as the proposed conversion.

Relationship to broader Eagle Point platform

Disclosures relating to Eagle Point Securities LLC and Eagle Point Credit Management LLC provide context for Eagle Point Credit Company’s place within the broader Eagle Point platform. Eagle Point Securities is described as a wholesale distributor of alternative investments focused on delivering institutional private credit strategies to financial advisors and their clients. It serves as dealer manager for various funds and offerings managed by Eagle Point, including Eagle Point Credit Company’s Series AA and AB Perpetual Preferred Stock offering and at-the-market share issuances offered by Eagle Point Credit Company and Eagle Point Income Company.

These relationships indicate that Eagle Point Credit Company is one of several investment vehicles managed or supported by Eagle Point and its affiliates, which collectively focus on private credit and income-oriented credit strategies. While Eagle Point Securities and Eagle Point Institutional Income Fund are separate entities, their disclosures reference Eagle Point Credit Company in connection with specific offerings and distribution arrangements.

Key considerations for ECC stock

Investors researching Eagle Point Credit Company’s stock (ECC) will find that the company’s disclosures emphasize its focus on CLO equity and junior debt tranches backed by below-investment-grade U.S. senior secured loans, its objective of generating high current income with capital appreciation as a secondary goal, and its intention to qualify as a regulated investment company. The presence of multiple series of preferred stock and notes listed on the New York Stock Exchange highlights a layered capital structure that supports its closed-end fund strategy.

Because Eagle Point Credit Company invests in CLO securities backed by below-investment-grade loans, its filings and related disclosures include detailed risk discussions in offering documents and reports. Separate risk disclosures associated with Eagle Point-related funds and offerings describe risks such as speculative-grade credit exposure, leverage, pricing volatility and illiquidity, though specific risk factors for ECC itself are set out in its own prospectuses and reports. The company’s periodic estimates of NAV per share and net investment income, as reported in Form 8-K filings, provide additional context for how management evaluates performance over time.