Eagle Point Credit redeems CEO’s notes due 2028
The chief executive’s reported positions also include direct and LLC-held common shares and two preferred-share classes.
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Rhea-AI Filing Summary
Thomas P. Majewski reported disposition transactions in this Form 4 filing. Eagle Point Credit Co (ECC) reported that Chief Executive Officer Thomas P. Majewski’s 6.6875% Notes due 2028 were redeemed on May 8, 2026, under a mandatory redemption by the issuer. The reported aggregate principal amounts were $7,425 held through Majewski Family 2022 Holdings LLC and $24,375 held directly; both note positions were zero following the transactions. Other reported positions as of May 8, 2026 included 1,087 Series AA Convertible Perpetual Preferred Shares, 3,000 Series C Term Preferred Shares, 30,000 common shares through the LLC, and 2,000 common shares held directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | 6.6875% Notes due 2028 F2, F1, F3 | 7,425 | $25.00 | $186K |
| Other | 6.6875% Notes due 2028 F2, F1 | 24,375 | $25.00 | $609K |
| Holding | Series AA Convertible Perpetual Preferred Shares | -- | -- | -- |
| Holding | 6.50% Series C Term Preferred Shares due 2031 | -- | -- | -- |
| Holding | Common Shares F3 | -- | -- | -- |
| Holding | Common Shares | -- | -- | -- |
Footnotes (3)
- F1. The securities were redeemed in accordance with a mandatory redemption by the Issuer.
- F2. The amount reported reflects the aggregate principal amount of the notes.
- F3. These securities are attributable to Mr. Majewski through his interest in Majewski Family 2022 Holdings LLC, a limited liability company.
Key Figures
Key Terms
mandatory redemption financial
aggregate principal amount financial
FAQ
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How much ECC debt was redeemed?
What ECC securities did Thomas P. Majewski report holding after the note redemption?
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