Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 10

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 10
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 and of record, directly or indirectly,
95% or more of the voting and economic interests); (ii) whose sole business purpose is to hold one or more investments on behalf
of such Regulated Fund (and, in the case of an SBIC Subsidiary, maintain a license under the SBA Act and issue debentures guaranteed
by the SBA); (iii) with respect to which such Regulated Fund’s Board has the sole authority to make all determinations with
respect to the entity’s participation under the Conditions to this Application; and (iv) (A) that would be an investment
company but for Section 3(c)(1), 3(c)(5)(C), or 3(c)(7) of the Act, or (B) that qualifies as a real estate investment
trust (“REIT”) within the meaning of Section 856 of the Internal Revenue Code (“Code”)
because substantially all of its assets would consist of real properties.

II. APPLICANTS

A. The Existing Regulated Funds

ECC is an externally managed,
non-diversified closed-end management investment company registered under the Act. ECC has elected to be treated, and intends to operate
so as to qualify annually, as a regulated investment company (“RIC”) under subchapter M of the Code, for federal
income tax purposes. ECC’s outstanding shares of common stock are listed on the New York Stock Exchange (“NYSE”). ECC
is managed by EPCM pursuant to an investment advisory agreement. ECC’s primary investment objective is to generate high current
income, with a secondary objective to generate capital appreciation. ECC invests primarily in equity and junior debt tranches of CLOs
that are collateralized by a portfolio consisting primarily of below investment grade U.S. senior secured loans with a large number of
distinct underlying borrowers across various industry sectors.

EIC is an externally managed,
diversified closed-end management investment company registered under the Act. EIC has elected to be treated, and intends to operate
so as to qualify annually, as a RIC under subchapter M of the Code, for federal income tax purposes. EIC’s outstanding shares of
common stock are listed on NYSE. EIC is managed by EPIM pursuant to an investment advisory agreement. EIC’s primary investment
objective is to generate high current income, with a secondary objective to generate capital appreciation. EIC invests primarily in junior
debt tranches of CLOs that are collateralized by a portfolio consisting