Eagle Point Credit to redeem all 7.75% preferred shares

By Wendy Van Sickle

Columbus, Ohio, Dec. 18 – Eagle Point Credit Co. Inc. said it will redeem all of its outstanding 7.75% series A term preferred stock due 2022 on Jan. 31, according to a company news release.

The redemption price is $25.00 plus accrued interest to but excluding the redemption date.

The paying agent is American Stock Transfer & Trust Co., LLC.

Eagle Point is a Greenwich, Conn.-based non-diversified, closed-end management investment company that manages a portfolio of CLOs.

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