Karpus reports 4.26% stake in ECC preferred: 76,710 shares
Karpus Management, Inc. filed a Schedule 13G disclosing beneficial ownership of Eagle Point Credit Company Inc. preferred shares.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Karpus Management, Inc. filed a Schedule 13G disclosing beneficial ownership of Eagle Point Credit Company Inc. preferred shares. Karpus reports ownership of 76,710 preferred shares, representing 4.26% of the class. The firm has sole voting and sole dispositive power over all reported shares, with no shared power.
Karpus is a registered investment adviser; the shares are held in accounts it manages. The filing states the position was acquired and is held in the ordinary course and not for the purpose of changing or influencing control. Karpus notes it is controlled by City of London Investment Group plc, but says effective informational barriers mean voting and investment power are exercised independently.
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