Karpus discloses 3.09% preferred stake in Eagle Point Credit Co (ECC)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
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.
Positive
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Negative
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FAQ
What stake in Eagle Point Credit Co Inc. (ECC) does Karpus report?
Karpus Management, Inc. reports beneficial ownership of 76,710 Eagle Point Credit Co Inc. preferred shares, representing 3.09% of that class. These shares are held in client accounts managed by Karpus, with Karpus having sole voting and dispositive power over the entire reported position.
Who is the reporting person on this Eagle Point Credit Co Inc. Schedule 13G/A?
The reporting person is Karpus Management, Inc., doing business as Karpus Investment Management, a New York corporation and registered investment adviser. Karpus files on behalf of accounts it manages that directly own the Eagle Point Credit Co Inc. preferred shares disclosed in the statement.
Is Karpus seeking to influence control of Eagle Point Credit Co Inc. (ECC)?
The filing explicitly states the securities were acquired and are held in the ordinary course of business and not for the purpose, or with the effect, of changing or influencing control of Eagle Point Credit Co Inc., nor in connection with any transaction having that control-related purpose or effect.