Eagle Point Credit Company Inc. Announces Third Quarter 2017 Preferred Distributions
03 7월 2017 - 9:00PM
Business Wire
Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC,
NYSE: ECCA, NYSE: ECCB, NYSE: ECCZ) is pleased to announce the
declaration of distributions on shares of the Company’s 7.75%
Series A Term Preferred Stock due 2022 and 7.75% Series B Term
Preferred Stock due 2026 (collectively, the “Preferred Stock”).
The Company has declared a distribution of $0.161459 per share
on its Preferred Stock, payable on each of July 31, 2017, August
31, 2017, and September 29, 2017. The following schedule applies to
the distributions:
Ex-Dividend Date Record
Date
Payable Date
Amount per share of
Preferred Stock
July 11, 2017 July 13, 2017
July 31, 2017 $0.161459 August
9, 2017 August 11, 2017 August 31, 2017
$0.161459 September 11, 2017
September 12, 2017 September 29, 2017
$0.161459
The distributions on the Preferred Stock reflect an annual
distribution rate of 7.75% of the $25 liquidation preference per
share of the Preferred Stock for each of July, August, and
September.
The specific tax characteristics of the distributions will be
reported to the Company’s preferred stockholders on Form 1099 after
the end of the 2017 calendar year.
Previously, on June 1, 2017, the Company had announced that it
had declared four separate monthly distributions of $0.20 per share
on its common stock, the first of which was paid on June 30, 2017
to stockholders of record as of June 12, 2017 and the remaining
three of which are payable on each of July 31, 2017, August 31,
2017 and September 29, 2017 to stockholders of record as of July
13, 2017, August 11, 2017 and September 12, 2017, respectively. As
an update to the Company’s previous announcement, the Company notes
that the ex-dividend dates applicable to those three remaining
distributions are July 11, 2017, August 9, 2017 and September 11,
2017, respectively.
ABOUT EAGLE POINT CREDIT COMPANY
The Company is a non-diversified, closed-end management
investment company. The Company’s investment objectives are to
generate high current income and capital appreciation primarily
through investment in equity and junior debt tranches of
collateralized loan obligations. The Company is externally managed
and advised by Eagle Point Credit Management LLC. The principals of
Eagle Point Credit Management LLC are Thomas P. Majewski, Daniel W.
Ko and Daniel M. Spinner.
The Company makes certain unaudited portfolio information
available each month on its website in addition to making certain
other unaudited financial information available on its website
(www.eaglepointcreditcompany.com). This information includes (1) an
estimated range of the Company’s net investment income (“NII”) and
realized capital gains or losses per share of common stock for each
calendar quarter end, generally made available within the first
fifteen days after the applicable calendar month end, (2) an
estimated range of the Company’s NAV per share of common stock for
the prior month end and certain additional portfolio-level
information, generally made available within the first fifteen days
after the applicable calendar month end, and (3) during the latter
part of each month, an updated estimate of NAV, if applicable, and,
with respect to each calendar quarter end, an updated estimate of
the Company’s NII and realized capital gains or losses for the
applicable quarter, if available.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described in the
Company’s filings with the U.S. Securities and Exchange Commission
(“SEC”). The Company undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this press release.
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Investor and Media
Relations:ICR203-340-8510IR@EaglePointCredit.comwww.eaglepointcreditcompany.com
Eagle Point Credit Company Inc. 7.00% Notes Due 2020 (delisted) (NYSE:ECCZ)
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Eagle Point Credit Company Inc. 7.00% Notes Due 2020 (delisted) (NYSE:ECCZ)
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부터 10월(10) 2023 으로 10월(10) 2024