Chicago, Jan. 23 – Eagle Point Credit Co. Inc. sold an additional $10 million of 8% series F preferreds due 2029, according to multiple filings with the Securities and Exchange Commission on Tuesday.
The company priced $35 million of the $25-par shares on Jan. 11 with a $5.25 million greenshoe covering an additional 210,000 shares.
The offering reported on Tuesday lists Ladenburg Thalmann & Co. Inc. as bookrunner and covers 400,000 shares.
The first monthly dividend accrues from Jan. 18 to Feb. 29.
Starting Jan. 18, 2026, the shares may be redeemed at par plus accumulated but unpaid dividends.
Proceeds will be used to acquire investments in accordance with the company’s objectives and strategies and for general working capital purposes.
The preferreds will be listed on the New York Stock Exchange as “ECCF.”
When the company sold the first 1.4 million shares it registered 3 million total series F preferreds.
The closed-end management investment company is based in Greenwich, Conn.
| Issuer: | Eagle Point Credit Co. Inc.
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| Amount: | $10 million, or 400,000 shares
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| Issue: | Series F term preferred stock
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| Maturity: | Jan. 31, 2029
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| Bookrunner: | Ladenburg Thalmann & Co. Inc.
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| Counsel to issuer: | Dechert LLP
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| Counsel to underwriter: | Duane Morris LLP
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| Coupon: | 8%
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| Price: | Par of $25.00
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| Yield: | 8%
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| Call features: | At par plus accrued dividends starting Jan. 18, 2026
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| Trade date: | Jan. 23
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| Settlement date: | Jan. 24
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| Distribution: | SEC registered
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| Listing: | NYSE: ECCF
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