Eagle Point Credit Company Inc. Announces First Quarter 2025 Common Distributions and Preferred Distributions
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GREENWICH, Conn., November 06, 2024--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the "Company") (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today is pleased to announce the declaration of distributions on shares of the Company’s common stock.
For the first quarter of 2025, the Company is declaring three separate monthly distributions of $0.14 per share on its common stock.
The distributions are payable based on the following schedule:
| Amount per Common Share | Record Date | Payable Date |
| $0.14 | January 13, 2025 | January 31, 2025 |
| $0.14 | February 10, 2025 | February 28, 2025 |
| $0.14 | March 11, 2025 | March 31, 2025 |
Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2025 calendar year.
The Company’s current estimated taxable income for the 2024 tax year is expected to be fully distributed to common stockholders for the same tax year. The Company will maintain its regular monthly common distribution as summarized above, but will conclude its monthly variable supplemental distribution as of December 31, 2024.
The Company is also pleased to announce the declaration of distributions on shares of the Company’s 6.50% Series C Term Preferred Stock due 2031 (the "Series C Term Preferred Stock"), the Company’s 6.75% Series D Preferred Stock (the "Series D Preferred Stock") and the Company’s 8.00% Series F Term Preferred Stock due 2029 (the "Series F Term Preferred Stock") as follows:
| Preferred Stock Type | Amount per Share of Preferred Stock | Record Dates | Payable Dates |
| Series C Term Preferred Stock | $0.135417 | January 13, 2025, February 10, 2025, March 11, 2025 | January 31, 2025, February 28, 2025, March 31, 2025 |
| Series D Preferred Stock | $0.140625 | ||
| Series F Term Preferred Stock | $0.166667 |
The distributions on the Series C Term Preferred Stock, Series D Preferred Stock and Series F Term Preferred Stock reflect an annual distribution rate of 6.50%, 6.75% and 8.00%, respectively, of the $25 liquidation preference per share.
The Company is also announcing the declaration of monthly distributions of $0.145834 on shares of the Company’s 7.00% Series AA Convertible and Perpetual Preferred Stock and 7.00% Series AB Convertible and Perpetual Preferred Stock (collectively, the "Convertible Preferred Stock") as follows:
| Preferred Stock Type | Amount per Share of Preferred Stock | Record Dates | Payable Dates |
| 7.00% Series AA Convertible and Perpetual Preferred Stock | $0.145834 | January 13, 2025, February 10, 2025, March 11, 2025 | January 31, 2025, February 28, 2025, March 31, 2025 |
| 7.00% Series AB Convertible and Perpetual Preferred Stock | $0.145834 |
The distributions on shares of the Convertible Preferred Stock reflect an annual distribution rate of 7.00% of the $25 liquidation preference per share and accumulate from the date of original issue.