Eagle Point Credit Company Inc. Announces Second Quarter 2024 Regular and Supplemental Common Distributions and Preferred Distributions
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GREENWICH, Conn., February 13, 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.
The Company has declared three separate monthly regular distributions of $0.14 per share on its common stock, payable on each of April 30, 2024, May 31, 2024 and June 28, 2024 to stockholders of record as of April 10, 2024, May 13, 2024 and June 10, 2024, respectively. Additionally, the Company is pleased to announce the declaration of a monthly supplemental distribution of $0.02 per share on its common stock, payable on each of April 30, 2024, May 31, 2024 and June 28, 2024 to stockholders of record as of April 10, 2024, May 13, 2024 and June 10, 2024, respectively.
The following schedule applies to the distributions:
| Distribution | Amount per common | Record Date | Payable Date |
| Regular | $0.14 | April 10, 2024 | April 30, 2024 |
| Supplemental | $0.02 | April 10, 2024 | April 30, 2024 |
| Regular | $0.14 | May 13, 2024 | May 31, 2024 |
| Supplemental | $0.02 | May 13, 2024 | May 31, 2024 |
| Regular | $0.14 | June 10, 2024 | June 28, 2024 |
| Supplemental | $0.02 | June 10, 2024 | June 28, 2024 |
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 2024 calendar year.
The declared supplemental distributions relate to the potential excess of the Company’s estimated taxable income over the aggregate amount distributed to common stockholders for the same tax year. In the event any future supplemental distributions are declared, amounts may vary.1
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 | Record Dates | Payable Dates |
| 6.50% Series C Term Preferred Stock due 2031 | $0.135417 | April 10, 2024, May 13, 2024, June 10, 2024 | April 30, 2024, May 31, 2024, June 28, 2024 |
| 6.75% Series D Preferred Stock | $0.140625 | April 10, 2024, May 13, 2024, June 10, 2024 | April 30, 2024, May 31, 2024, June 28, 2024 |
| 8.00% Series F Term Preferred Stock due 2029 | $0.166667 | March 8, 2024, April 10, 2024, May 13, 2024, June 10, 2024 | March 28, 2024, April 30, 2024, May 31, 2024, June 28, 2024 |
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.