Company: ECC-PD
Filing Date: 2025-04-30
Form Type: 40-APP/A
Source: 0001104659-25-042630
Chunk: 10

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-04-30
Form: 40-APP/A
Chunk 10
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 Existing Wholly-Owned Subsidiaries have investment objectives and strategies that are substantially the same as, or a subset
of, those of the applicable Existing Regulated Fund. A list of the Existing Wholly-Owned Subsidiaries is included on
hereto.

| H. | The Existing Proprietary Account |

The Existing Proprietary Account
will, from time to time, hold various financial assets in a principal capacity. The Existing Advisers and their affiliates have various
business lines that they may operate through wholly- or majority-owned subsidiaries, and the subsidiary entity that exists and currently
intends to participate in the proposed co-investment program has been included as an Applicant herein. The Existing Proprietary Account
is included on hereto.

| 9 |

| I. | The Existing Affiliated Funds |

The Existing Affiliated Funds
are investment funds each of whose investment adviser is EPCM and each of which would be an “investment company” but for Section 3(c)(1) or
Section 3(c)(7) of the 1940 Act. A list of the Existing Affiliated Funds is included on hereto.

III.ORDER REQUESTED

The Applicants request an Order of the Commission under Sections 17(d) and 57(i) of the 1940 Act and Rule 17d-1 thereunder to permit, subject to the terms and conditions set forth below in this Application (the “ Conditions”), each Regulated Fund to be able to participate with one or more Affiliated Entities in Co-Investment Transactions otherwise prohibited
by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 thereunder.

| A. | Applicable Law |

Section 17(d), in relevant part, prohibits
an affiliated person, or an affiliated person of such affiliated person, of a registered investment company, acting as principal, from
effecting any transaction in which the registered investment company is “a joint or a joint and several participant with such person”
in contravention of such rules as the SEC may prescribe “for the purpose of limiting or preventing participation by such [fund]
on a basis different from or less advantageous than that of such other participant.”

Rule 17d-1 prohibits an affiliated person,
or an affiliated person of such affiliated person, of a registered investment company, acting as principal, from participating in, or
effecting any transaction in connection with, any “joint enterprise or other joint arrangement or profit-sharing plan”