Company: ECC-PD
Filing Date: 2025-04-30
Form Type: 40-APP/A
Source: 0001104659-25-042630
Chunk: 15

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-04-30
Form: 40-APP/A
Chunk 15
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 participate in Co-Investment Transactions are allocated in a manner that is fair and equitable to every Regulated Fund; and (ii) the Adviser negotiating the Co-Investment Transaction considers the interest in the Transaction of any participating Regulated Fund (the “ Co-Investment Policies”). Each Adviser (and each Affiliated Entity that is not advised by an Adviser) will provide its Co-Investment Policies to the Regulated Funds and will notify the Regulated Funds of any material changes thereto. 19

6. Dispositions:

(a) Prior to any Disposition 20by an Affiliated Entity of a security acquired in a Co-Investment Transaction, the Adviser to each Regulated Fund that participated in the Co-Investment Transaction will be notified and each such Regulated Fund given the opportunity to participate pro rata based on the proportion of its holdings relative to the other Affiliated Entities participating in such Disposition.

| 17 | Expenses of                                                                                                                                   
 an individual Participant that are incurred solely by the Participant due to its unique circumstances (such as legal and compliance expenses) 
 will be borne by such Participant.                                                                                                            |
| 18 | Applicants are                                                                                                                                
 not requesting and the Commission is not providing any relief for transaction fees received in connection with any Co-Investment Transaction. |
| 19 | The Affiliated                                                                                                                                
 Entities may adopt shared Co-Investment Policies.                                                                                             |
| 20 | “Disposition”                                                                                                                                 
 means the sale, exchange, transfer or other disposition of an interest in a security of an issuer.                                            |

| 12 |

(b) Prior to any Disposition by a Regulated Fund of a security acquired in a Co-Investment Transaction, the Required Majority will take the steps set forth in Section 57(f) of the 1940 Act, unless: (i) each Affiliated Entity holding the security participates in the Disposition in approximate proportion to its then-current holding of the security; or (ii) the Disposition is a sale of a Tradable Security. 21

7. Board Oversight

| (a) | Each Regulated Fund’s directors will oversee the Regulated Fund’s participation in the co-investment 
 program in the exercise of their reasonable business judgment.                                       |

| (b) | Prior to a Regulated Fund’s participation in Co-Investment Transactions, the Regulated Fund’s                                     
 Board, including a Required Majority, will: (i) review the Co-Investment Policies, to ensure that they are reasonably designed to 
 prevent the Regulated Fund from being disadvantaged