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Karpus Management (ECC) Discloses 16.85% Stake in Preferred Shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Eagle Point Credit Co. (ECC) ownership update: Karpus Management, Inc. reports 168,456 Preferred shares, representing 16.85% of the class (CUSIP 269809802), held in accounts it manages. The filing is an Amendment No. 2 to a Schedule 13G/A and is signed on 05/14/2026.

The disclosure states Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act and that the shares are owned directly by accounts managed by Karpus. It cites SEC Release No. 34-39538 concerning informational barriers to CLIG attribution.

Positive

  • None.

Negative

  • None.

Insights

Large passive stake disclosed by an investment adviser.

Karpus Management reports beneficial ownership of 16.85% of the Preferred class (168,456 shares) as of the amendment filing. The position is held in managed accounts and is presented under a Schedule 13G/A structure, which typically signals institutional, potentially passive, ownership.

The filing cites SEC Release No. 34-39538 and states informational barriers separate Karpus from CLIG, indicating no attribution to the parent. Subsequent filings or amendments would show changes; timing and cash-flow treatment are not detailed in the excerpt.

Disclosure aligns with adviser reporting and attribution guidance.

The statement notes Karpus is a registered adviser under Section 203 and references the SEC release permitting informational barriers; this explains why beneficial ownership is reported for Karpus-managed accounts rather than CLIG. The filing identifies the security by CUSIP 269809802.

For regulatory tracking, watch for future amendments showing changes in percentage or share count; the amendment is signed 05/14/2026 by the Chief Compliance Officer.

Form Schedule 13G/A (Amendment No. 2) Ownership disclosure amendment
Shares beneficially owned 168,456 shares Preferred class
Percent of class 16.85% Preferred class ownership percentage
CUSIP 269809802 Identifier for Preferred class
Signature date 05/14/2026 Filing signature by Chief Compliance Officer
Schedule 13G/A regulatory
"Amendment No. 2 to Schedule 13G/A indicating beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficial ownership financial
"Amount beneficially owned: 168,456.00; Percent of class: 16.85%"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
CUSIP 269809802 financial
"Title of class of securities: Preferred (e.g., CUSIP 269809802)"
SEC Release No. 34-39538 regulatory
"In accordance with SEC Release No. 34-39538 (January 12, 1998)"





269809802

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G



KARPUS MANAGEMENT, INC.
Signature:/s/ Jodi L. Hedberg
Name/Title:Jodi L. Hedberg / Chief Compliance Officer
Date:05/14/2026

FAQ

What does Karpus Management disclose about ECC (Preferred)?

Karpus reports beneficial ownership of 168,456 Preferred shares, equaling 16.85% of the class. The shares are held in accounts managed by Karpus and identified by CUSIP 269809802 in an Amendment No. 2 to Schedule 13G/A.

Does this filing attribute ownership to City of London Investment Group (CLIG)?

No. The filing cites SEC Release No. 34-39538 and states informational barriers exist, so voting and investment power are exercised independently by Karpus and attribution to CLIG is not required according to the filing.

When was the Schedule 13G/A amendment signed for ECC?

The amendment is signed by Jodi L. Hedberg, Chief Compliance Officer, on 05/14/2026. That signature date appears on the filing to validate the reported ownership figures and amendment status.

What class and CUSIP are reported in the ECC filing?

The filing covers the Preferred class of Eagle Point Credit Co. with CUSIP 269809802. The Schedule 13G/A amendment specifically references that class when stating the reported share count and percentage.

Who filed the Schedule 13G/A for ECC and what is their status?

The filing was made by Karpus Management, Inc., described as a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. The address and citizenship information for Karpus are included in the filing.