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  • Professor Andrea M. Armani, University of Southern California
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  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Eagle Point Credit Company Inc. Increases Offering Amount of 7.00% Convertible Perpetual Preferred Stock to $200 Million

Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC) announced it has increased the continuous public offering of its 7.00% Series AA Convertible Perpetual Preferred Stock and 7.00% Series AB Convertible Perpetual Preferred Stock (collectively, the “Preferred Stock”) to up to 8,000,000 shares at a public offering price of $25 per share, for gross proceeds to the Company of $200 million. The Preferred Stock has a 7.00% annual dividend rate, paid monthly, and is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency. The Preferred Stock is perpetual and convertible by the holder into shares of the Company’s common stock or cash (as determined by the Company at its sole discretion), subject to certain conditions.

“The Preferred Stock has been met with tremendous interest from investors,” said Thomas Majewski, Chief Executive Officer. “We believe the Preferred Stock offers investors principal stability, regular fixed dividends and attractive liquidity terms in a volatile market. The offering is expected to provide the Company with accretive capital to deploy on an ongoing basis.”

Eagle Point Securities LLC is the dealer manager for the Preferred Stock offering. Eagle Point Securities LLC is an affiliate of the Company and a member of FINRA and SIPC.

Investors should consider the Company’s investment objectives, risks, charges and expenses carefully before investing. The prospectus supplement dated April 18, 2025 and the accompanying prospectus dated April 11, 2025, which have been filed with the Securities and Exchange Commission (“SEC”), contain this and other information about the Company and the Preferred Stock and should be read carefully before investing. The information in the prospectus supplement, the prospectus and this press release is not complete and may be changed. The prospectus supplement, the prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted.

The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by writing Eagle Point Securities LLC at 600 Steamboat Road, Suite 202, Greenwich, CT 06830, by calling 203-340-8510 or by sending an e-mail to: ECCPref@EaglePointSecurities.com; copies may also be obtained for free by visiting EDGAR on the SEC’s website at http://www.sec.gov.

Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency.

ABOUT EAGLE POINT CREDIT COMPANY

The Company is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company seeks to achieve its investment objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations. The Company is externally managed and advised by Eagle Point Credit Management LLC.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company’s other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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