Karpus discloses sole power over 174,139 ECC preferred shares
Rhea-AI Filing Summary
Karpus Management, Inc. filed a Schedule 13G reporting beneficial ownership of Eagle Point Credit Co Inc. (ECC) preferred shares. Karpus beneficially owns 174,139 preferred shares, representing 17.41% of the class as of the event date 09/30/2025.
Karpus reports sole voting power over 174,139 shares and sole dispositive power over 174,139 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Karpus is a registered investment adviser and notes it is controlled by City of London Investment Group plc, while indicating effective informational barriers such that voting and investment power are exercised independently by Karpus.
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Insights
Routine 13G: passive stake disclosure of 17.41% in ECC preferred.
Karpus reports beneficial ownership of 174,139 ECC preferred shares, or 17.41% of the class, with sole voting and dispositive power. This signals a sizable position but categorized under a passive Schedule 13G framework.
The certification states the holdings are in the ordinary course and not for influencing control, aligning with a non-activist stance. Cash-flow implications are not part of this disclosure and depend on future portfolio actions by the filer.
Key reference points are the event date 09/30/2025 and the explicit share and percentage figures. Subsequent filings may update ownership levels or filing status if thresholds or intentions change.
FAQ
What stake in ECC preferred did Karpus disclose in this 13G?
Does Karpus have sole or shared voting power over ECC preferred?
What is the dispositive power Karpus holds over the ECC preferred shares?
What is the event date for Karpus’s ECC 13G filing?
What class and CUSIP are covered in Karpus’s disclosure for ECC?
How does Karpus characterize the purpose of holding ECC preferred?
Who signed the Karpus Schedule 13G for ECC?