Company: ECC-PD
Filing Date: 2025-04-30
Form Type: 40-APP/A
Source: 0001104659-25-042630
Chunk: 17

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-04-30
Form: 40-APP/A
Chunk 17
---
 position within 30 days at approximately the price at which the Regulated Fund has valued the investment.                       |
| 22 | If a Regulated                                                                                                                            
 Fund enters into a transaction that would be a Co-Investment Transaction pursuant to this Order in reliance on another exemptive order    
 instead of this Order, the information presented to the Board and records maintained by the Regulated Fund will expressly indicate the    
 order relied upon by the Regulated Fund to enter into such transaction.                                                                   |

| 13 |

9. In the event that the Commission adopts a rule under the 1940 Act allowing co-investments of the type described in this Application, any relief granted by the Order will expire on the effective date of that rule.

IV.STATEMENT IN SUPPORT OF RELIEF REQUESTED

Applicants submit that allowing the Co-Investment
Transactions described by this Application is justified on the basis of (i) the potential benefits to the Regulated Funds and their
respective shareholders and (ii) the protections found in the terms and conditions set forth in this Application.

| A. | Potential Benefits to the Regulated Funds and their Shareholders |

Section 57(a)(4) and Rule 17d-1
(as applicable) limit the ability of the Regulated Funds to participate in attractive co-investment opportunities under certain circumstances.
If the relief is granted, the Regulated Funds should: (i) be able to participate in a larger number and greater variety of investments,
thereby diversifying their portfolios and providing related risk-limiting benefits; (ii) be able to participate in larger financing
opportunities, including those involving issuers with better credit quality, which otherwise might not be available to investors of a
Regulated Fund’s size; (iii) have greater bargaining power (notably with regard to creditor protection terms and other similar
investor rights), more control over the investment and less need to bring in other external investors or structure investments to satisfy
the different needs of external investors; (iv) benefit from economies of scale by sharing fixed expenses associated with an investment
with the other Participants; and (v) be able to obtain better deal flow from investment bankers and other sources of investments.

| B. | Shareholder Protections |

Each Co-Investment Transaction would be subject
to the terms and conditions of this Application. The Conditions are designed to address the concerns underlying Sections 17(d) and
57(a)(4) and Rule 17d-l by ensuring that participation by a Regulated Fund in