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.
Eagle Point Credit Company Inc. filed an update providing management’s unaudited estimate of its net asset value (NAV) per common share. As of April 30, 2026, the NAV was estimated to range between $4.49 and $4.59, giving investors a point-in-time view of underlying portfolio value.
Eagle Point Credit Co Inc. filed a Form 25 notice through the New York Stock Exchange requesting removal of its 6.75% Notes due 2031 and 6.6875% Notes due 2028 from listing and registration under Section 12(b) of the Exchange Act.
The Exchange attests it has complied with the procedures of 17 CFR 240.12d2-2 and the issuer attests it has complied with NYSE rules governing voluntary withdrawal.
Eagle Point Credit Company Inc. provided preliminary first-quarter 2026 estimates. Management expects net asset value per common share as of March 31, 2026 to range between $4.12 and $4.22.
For the quarter, management estimates net investment income between $0.18 and $0.22 per common share. Estimated realized gains/(losses) are between ($0.08) and ($0.04) per share, including realized gains/(losses) from foreign currency contracts between ($0.05) and ($0.01) per share.
Eagle Point Credit Company Inc. is holding its 2026 annual stockholder meeting on May 12, 2026, at 8:00 a.m. Eastern Time in Greenwich, Connecticut, to elect two Class III directors. Common and preferred stockholders voting together will elect Kevin F. McDonald, while preferred stockholders voting separately will elect CEO Thomas P. Majewski, each to serve until the 2029 annual meeting.
As of March 31, 2026, the company had 132,208,768 common shares and multiple series of preferred shares outstanding, with a majority-independent, classified board and fully independent Audit and Nominating Committees. The proxy also describes director compensation, significant related-party arrangements with the external adviser and administrator, and audit and tax fees paid to KPMG LLP.
Eagle Point Credit Co Inc. insider Daniel W. Ko, a Sr Principal/Portfolio Manager, reported an open-market purchase of 57,165 shares of common stock at a weighted average price of $3.50 per share. After this transaction, he directly owns 82,665 common shares.
The filing notes the shares were bought in multiple trades at prices ranging from $3.49 to $3.50, with the exact breakdown available on request to regulators, the company, or its security holders.
Eagle Point Credit Company CFO/COO Kenneth P. Onorio made a large open-market share purchase. He bought 110,000 shares of common stock at a weighted average price of $3.74 per share, with individual trades ranging from $3.72 to $3.75.
After the purchase, he directly owned 205,756 shares. He also had indirect ownership of 1,302 shares held in accounts for his children, over which he has investment authority but disclaims beneficial ownership except for any pecuniary interest. Some holdings include shares acquired through the company’s dividend reinvestment plan.
Karpus Management, Inc., doing business as Karpus Investment Management, filed an amended Schedule 13G reporting beneficial ownership of 76,710 shares of Eagle Point Credit Co Inc. preferred stock, representing 3.09% of that class. Karpus has sole voting and dispositive power over all of these shares.
The shares are owned by accounts managed by Karpus, a New York investment adviser controlled by City of London Investment Group plc. 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 of Eagle Point Credit Co Inc.
Karpus Management, Inc., doing business as Karpus Investment Management, has filed a Schedule 13G/A reporting a significant passive position in Eagle Point Credit Co Inc. preferred shares. Karpus beneficially owns 169,456 preferred shares, representing 16.95% of this class.
Karpus, a New York investment adviser, has sole voting and sole dispositive power over all reported shares, which are held in accounts it manages. The filing states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Eagle Point Credit.
Karpus Management, Inc., doing business as Karpus Investment Management, has filed an amended Schedule 13G reporting beneficial ownership of 61,395 preferred shares of Eagle Point Credit Company Inc.. This stake represents 5.79% of the preferred class identified by CUSIP 269809703.
Karpus, a New York investment adviser controlled by City of London Investment Group plc, reports sole voting and dispositive power over all 61,395 shares and no shared 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 of Eagle Point Credit.