Company: ECC-PD
Filing Date: 2025-08-12
Form Type: N-CSRS
Source: 0001104659-25-076373
Chunk: 3

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-08-12
Form: N-CSRS
Chunk 3
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 investment opportunities. During the first half of 2025, the Company accretively raised $106 million of additional common equity through our “at-the-market” (“ATM”) program, selling approximately 13 million shares of our common stock. The equity issuances were beneficial to the Company as common shares were issued at a premium to NAV, resulting in $0.04 per weighted average common share of NAV accretion, with net proceeds utilized, among other things, to expand our investment portfolio. In the first half of 2025, we raised $60 million in net proceeds through the issuance of our 7.00% Series AA and AB Convertible Perpetual Preferred Stock (“AA / AB Perpetual Preferred”) as part of our continuous public offering. We view our perpetual preferred stock as a significant competitive advantage. We are unaware of any other publicly traded entity focused principally on investing in CLO equity having such a program. The convertible offering gives investors principal stability and attractive liquidity terms, while providing the Company with accretive capital to deploy on an ongoing basis. Due to continued investor interest, we increased the continuous public offering of the AA / BB Perpetual Preferred to up to 8 million shares in April at a public offering price of $25 per share. 3 The AA / BB Perpetual Preferred has a 7.00% annual distribution rate, paid monthly, and is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency. We continue to have no financing maturities prior to April 2028. All of our debt and preferred stock is fixed rate, and we have no secured or “repo”-style financing. The weighted average maturity of our outstanding financing stood at 5.6 years, 4 and our weighted average cost of our financing was only 6.9% as of June 30, 2025. We believe this attractive financing, which was put in place prudently over the past seven years, couldn’t be recreated in today’s interest rate environment. C ompanyO verview Common Stock The Company’s common stock trades on the New York Stock Exchange (“NYSE”) under the symbol “ECC.” As of June 30, 2025, the NAV per share of the Company’s common stock was $ 7.31. The trading price of our common stock may, and often does, differ from NAV per share. The closing price per share of our common stock was $ 7.66on June 30