Company: ECC-PD
Filing Date: 2025-04-11
Form Type: N-2ASR
Source: 0001104659-25-034204
Chunk: 106

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-04-11
Form: N-2ASR
Chunk 106
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 time to time designate. Payments under the Administration Agreement are equal to an amount based upon our allocable portion of the Administrator’s overhead in performing its obligations under the Administration Agreement, including rent, the fees and expenses associated with performing compliance functions and our allocable portion of the compensation of our chief financial officer and chief compliance officer and our allocable portion of the compensation of any administrative support staff. Our allocable portion of such total compensation is based on an allocation of the time spent on us relative to other matters. To the extent the Administrator outsources any of its functions, we pay the fees on a direct basis, without profit to the Administrator. Certain accounting and other administrative services have been delegated by the Administrator to SS&C Technologies, Inc., or “SS&C,” for which the fee is calculated based on our net assets (subject to a monthly minimum), and certain investor relations related services have been delegated to ICR, LLC, or “ICR,” whose charges are payable monthly. The Administration Agreement may be terminated by us without penalty upon not less than 60 days’ written notice to the Administrator and by the Administrator upon not less than 90 days’ written notice to us. The Administration Agreement will remain in effect if approved by the board of directors, including by a majority of our independent directors, on an annual basis. For the year ended December 31, 2024, we were charged a total of $1.4 million in administration fees consisting of $0.8 million and $0.6 million, relating to services provided by the Administrator and SS&C, respectively, of which $0.4 million was payable as of December 31, 2024. For the year ended December 31, 2023, we were charged a total of $1.2 million in administration fees consisting of $0.8 million and $0.4 million, relating to services provided by the Administrator and SS&C, respectively, of which $0.2 million was payable as of December 31, 2023. For the year ended December 31, 2022, we were charged a total of $1.1 million in administration fees consisting of $0.8 million and $0.3 million, relating to services provided by the Administrator and SS&C, respectively, of which $0.2 million was payable as of December 31, 2022. 64 When considering the approval of the Administration Agreement, the board of directors considers, among other factors, (i) the reasonableness of the