Eagle Point Credit (NYSE: ECC) to convert into Delaware Statutory Trust in May 2026
Eagle Point Credit Company Inc. plans to convert from a Delaware corporation to a Delaware Statutory Trust effective May 22, 2026, and will be renamed Eagle Point Credit Company. This is a change in legal structure, not in the underlying business or capital terms.
On the effective date, each outstanding common share will automatically become one common share of beneficial interest, and each preferred share will become a corresponding preferred share of beneficial interest with the same terms and designations. The company’s common shares, preferred shares, and notes will continue trading on the New York Stock Exchange under the existing ticker symbols ECC, ECCC, ECC PRD, ECCU, and ECCV without interruption, and security holders do not need to take any action.
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8-K Event Classification
Key Figures
Key Terms
Delaware Statutory Trust regulatory
common share of beneficial interest financial
preferred share of beneficial interest financial
forward-looking statements regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date
of earliest event reported):
Eagle Point Credit Company Inc.
(Exact name of Registrant as specified in its charter)
|
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(Commission File Number) |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. Other Events.
Eagle Point Credit Company Inc. (the “Company”) intends to convert from a Delaware corporation to a Delaware Statutory Trust (the “Conversion”), effective May 22, 2026 (the “Effective Date”). In connection with the Conversion, the Company will change its name to Eagle Point Credit Company.
The Conversion was approved by the Company’s stockholders at a special meeting held on March 12, 2026, and has been approved by the Company’s Board of Directors in accordance with applicable Delaware law.
In connection with the Conversion, on the Effective Date, each outstanding share of common stock will become one common share of beneficial interest of the Company, and each outstanding share of preferred stock will become one preferred share of beneficial interest of the Company of a corresponding series, reflecting the same terms and designations as the respective series of preferred stock from which it converts.
The Company’s (i) common shares of beneficial interest will continue to be listed on the New York Stock Exchange under the ticker symbol ECC, (ii) 6.50% Series C Term Preferred Shares due 2031 will continue to be listed on the New York Stock Exchange under the ticker symbol ECCC, (iii) 6.75% Series D Preferred Shares will continue to be listed on the New York Stock Exchange under the ticker symbol ECC PRD, (iv) 7.75% Notes due 2030 will continue to be listed on the New York Stock Exchange under the ticker symbol ECCU, and (v) 5.375% Notes due 2029 will continue to be listed on the New York Stock Exchange under the ticker symbol ECCV, in each case, without interruption. Stockholders and holders of Notes are not required to take any action in connection with the Conversion or name change.
Forward-Looking Statements
This Current Report on Form 8-K 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 Current Report on Form 8-K 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 prospectus and the Company’s other filings with the 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 Current Report on Form 8-K.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Eagle Point Credit Company Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Eagle Point Credit Company Inc. | ||
| Date: May 12, 2026 | By: | /s/ Kenneth P. Onorio |
| Kenneth P. Onorio Chief Financial Officer and Chief Operating Officer | ||