Eagle Point Credit Company Inc. Announces First Quarter 2020 Common and Preferred Distributions, Payable on January 31, 2020, February 28, 2020 and March 31, 2020
January 02, 2020 at 09:15 pm
Share
Eagle Point Credit Company Inc. announced the declaration of distributions on shares of the Company's common stock. The Company has declared three separate distributions of $0.20 per share on its common stock, payable on each of payable on each of January 31, 2020, February 28, 2020 and March 31, 2020 to stockholders of record as of January 13, 2020, February 12, 2020 and March 12, 2020, respectively.
The Company is also announced the declaration of distributions on shares of the Company's 7.75% Series B Term Preferred Stock due 2026 (the “Series B Term Preferred Stock”). The Company has declared a distribution of $0.161459 per share on its Series B Term Preferred Stock payable on each of January 31, 2020, February 28, 2020 and March 31, 2020 to stockholders of record as of January 13, 2020, February 12, 2020, and March 12, 2020, respectively. The distributions on the Series B Term Preferred Stock reflect an annual distribution rate of 7.75% of the $25 liquidation preference per share of the Series B Term Preferred Stock.
Eagle Point Credit Company Inc. is a non-diversified, closed-end management investment company. The Companyâs primary investment objective is to generate high current income with a secondary objective to generate capital appreciation. The Company seeks to achieve these objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations (CLOs) and may also invest in other securities or instruments that are related investments or that are consistent with its investment objectives. The Company invests in various industries, including technology software and services; media; health care providers and services; hotels, restaurants and leisure; diversified financial services; diversified telecommunication services; commercial services & supplies; insurance; technology: hardware and equipment, and chemicals. The Company is externally managed and advised by Eagle Point Credit Management LLC.
Eagle Point Credit Company Inc. Announces First Quarter 2020 Common and Preferred Distributions, Payable on January 31, 2020, February 28, 2020 and March 31, 2020
EAGLE POINT CREDIT COMPANY INC. 
