Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 14

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 14
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 Sub Cayman, ECC Sub II
Cayman and ECC Sub II are each a Wholly-Owned Investment Sub of ECC, EIC Sub Cayman and EIC Sub are each a Wholly-Owned Investment Sub
of EIC and EPIIF Sub Cayman and EPIIF Sub II Cayman are each a Wholly-Owned Investment Sub of EPIIF. EPEIT Sub Cayman, EPEIT Sub and
EPEIT Sub II Cayman are each a Wholly-Owned Investment Sub of EPEIT.

E. Existing Proprietary Account

The Existing Proprietary
Account, identified in Schedule B hereto, is an account used by the Advisers to hold various financial assets in a principal capacity.

Each Proprietary Account
will be subject to oversight by an Adviser. As a result, an Adviser will ensure compliance by each Proprietary Account with the conditions
of the Application in the same manner in which the Adviser will ensure compliance by each Affiliated Fund.

III. ORDER REQUESTED

The Applicants respectfully
request an Order of the Commission under Sections 17(d) and 57(i) of the Act and Rule 17d-1 thereunder to permit, subject
to the terms and Conditions set forth below in this Application, a Regulated Fund and one or more other Regulated Funds and/or one or
more Affiliated Funds to enter into Co-Investment Transactions with each other.

The Regulated Funds and the
Affiliated Funds seek relief to enter into Co-Investment Transactions because such Co-Investment Transactions would otherwise be prohibited
by either or both of Section 17(d) or Section 57(a)(4) and the Rules under the Act. This Application seeks relief
in order to (i) enable the Regulated Funds and Affiliated Funds to avoid, among other things, the practical commercial and/or economic
difficulties of trying to structure, negotiate and persuade counterparties to enter into transactions while awaiting the granting of
the relief requested in individual applications with respect to each Co-Investment Transaction that arises in the future and (ii) enable
the Regulated Funds and the Affiliated Funds to avoid the significant legal and other expenses that would be incurred in preparing such
individual applications.

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In Section A.1 below,
the Applicants first discuss the overall investment process that would apply to initial investments under the Order as well as subsequent
transactions with issuers. In Sections A.3 and A.4 below