Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 2

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 2
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 by the exemptive
rules adopted by the U.S. Securities and Exchange Commission (the “Commission”) under the Act.

In particular, the relief
requested in this third amended and restated application for an Order (the “Application”) would allow one or
more Regulated Funds (including one or more BDC Downstream Funds) and/or one or more Affiliated Funds (each as defined below) to participate
in the same investment opportunities through a proposed co-investment program where such participation would otherwise be prohibited
under Sections 17(d) or 57(a)(4) and the rules under the Act. All existing entities that currently intend to rely on the
Order have been named as Applicants (defined below) and any existing or future entities that may rely on the Order in the future will
comply with the terms and conditions set forth in this Application (the “Conditions”).3

The Order would supersede
an exemptive order issued by the Commission on March 17, 2015 (the “Prior Order”)4that was granted pursuant to Section 17(d) and Rule 17d-1 under the Act, with the result that no person will
continue to rely on the Prior Order if the Order is granted.

B. Applicants Seeking Relief

Each of the following entities is an applicant
seeking relief pursuant to the proposed Order (collectively, the “Applicants”):

| · | Eagle                                                                                         
 Point Credit Company Inc. (“ECC”), a Delaware corporation and an                              
 externally managed, non-diversified closed-end management investment company registered under 
 the Act;                                                                                      |

| · | Eagle                                                                                     
 Point Income Company Inc. (“EIC”), a Delaware corporation and an                          
 externally managed, diversified closed-end management investment company registered under 
 the Act;                                                                                  |

| · | Eagle                                                                                     
 Point Institutional Income Fund (“EPIIF”), a Delaware statutory                           
 trust and an externally managed, non-diversified closed-end management investment company 
 registered under the Act;                                                                 |

| 1 | Unless otherwise indicated, all section references herein are to the Act.                                                              |
| 2 | Unless otherwise indicated, all rule references herein are to rules under the Act.                                                     |
| 3 | No Regulated Fund or Affiliated Fund that relies on this Order will rely on any other order of the                                     
 Commission authorizing co-investment transactions pursuant to Sections 17(d) and 57(i) of the Act and no entity that relies on another 
 such order of the Commission will rely