Company: ECC-PD
Filing Date: 2025-10-16
Form Type: PRE 14A
Source: 0001104659-25-100083
Chunk: 11

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-10-16
Form: PRE 14A
Chunk 11
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ancery of the State of Delaware does not have subject matter jurisdiction, then claims, suits, actions or proceedings shall be brought in any other court in the State of Delaware with subject matter jurisdiction; and (ii) any claims, suits, actions or proceedings arising under the federal securities laws shall be exclusively brought in the federal district courts.                                                                                                                                                                                                      |
| Control Share Provision | Not applicable.                                                                                                                                      | Following the Conversion, the Company will become automatically subject to the control share statute contained in the DSTA (the “Control Share Statute”). The Control Share Statute provides that an acquirer of shares above a series of voting power thresholds has no voting rights under the DSTA or the governing documents of the Company with respect to shares acquired in excess of that threshold (i.e., the “control shares”) unless the restoration of voting rights is approved by a two-thirds vote of the Company’s other shares, excluding the interested shares, or the acquisition of such shares is exempted by the Board. |

11 Effect of Conversion on the Company The Conversion will have no direct effect on the management of the Company. After the Conversion, the Company will have the ability to issue an unlimited number of shares of beneficial interest of each class; however, the Company’s common and preferred shares after the Conversion would be substantively the same as the Common Stock and Preferred Stock. Effective Date of Conversion If approved by Stockholders, it is expected that the Conversion would become effective on or about [ ], 2025. Board Considerations The Board, including the independent Directors, determined at a meeting on September 23, 2025, that the Conversion was in the best interests of the Company and its Stockholders. In reaching its decision to approve the Conversion, the Board received information from the Adviser regarding the Conversion and the Proposal. In particular, the Board considered certain advantages that it believed that investment companies organized as Delaware statutory trusts may have over investment companies organized in another Delaware corporate form or in other jurisdictions, and the prevalence of the structure among investment companies and closed-end funds generally. 12 Consequences of Stockholders Not Approving the Proposal If the Stockholders do not approve the Proposal, or if the Conversion for other reasons is not able to be completed, the Company would not be converted into a Delaware statutory trust, and the Company would continue its existence as a Delaware corporation. There would be no effect on the Company. THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” THE PROPOSAL. Appraisal Rights General Under Section 262 of