Eagle Point Credit Company Inc. (ECC) called a Special Meeting for December 17, 2025 at 8:00 a.m. ET in Greenwich, CT to vote on converting from a Delaware corporation to a Delaware statutory trust and adopting new governing documents. The Board unanimously recommends voting FOR the conversion.
If approved, ECC would be renamed Eagle Point Credit Company, remain a registered closed-end fund, and its NYSE-listed common and preferred shares would continue trading under the same ticker symbols. The conversion requires approval by a majority of outstanding shares as of the October 24, 2025 record date; common and preferred vote together, one vote per share.
The filing cites potential benefits including greater governance flexibility, the ability to issue an unlimited number of common and preferred shares without further shareholder approval, and elimination of Delaware corporate franchise tax (ECC paid $100,000 for 2024). Noted risks include possible voting and earnings-per-share dilution from future issuances and higher leverage if more preferred shares are issued, subject to 1940 Act limits. Holders of Series AA and Series AB preferred have appraisal rights. If approved, effectiveness is expected in the first quarter of 2026.