Company: ECC-PD
Filing Date: 2025-04-11
Form Type: N-2ASR
Source: 0001104659-25-034204
Chunk: 14

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-04-11
Form: N-2ASR
Chunk 14
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.50% Series C Term Preferred Stock due 2031, or the “Series C Term Preferred Stock,” the 6.75% Series D Preferred Stock, which is “perpetual” and has no fixed maturity date, or the “Series D Preferred Stock”, the 8.00% Series F Term Preferred Stock due 2029, or the “Series F Term Preferred Stock”, the 7.00% Series AA Convertible and Perpetual Preferred Stock, which is “perpetual” and has no fixed maturity date, or the “Series AA Convertible Perpetual Preferred Stock”, and the 7.00% Series AB Convertible and Perpetual Preferred Stock, which is “perpetual” and has no fixed maturity date, or the “Series AB Convertible Perpetual Preferred Stock” and together with the Series C Term Preferred Stock, the Series D Preferred Stock, the Series F Term Preferred Stock and the Series AA Convertible Perpetual Preferred Stock and any additional shares of Preferred Stock, which the Company may issue from time to time, the “Preferred Stock.” 5 As of December 31, 2024, our leverage, including the outstanding Notes and the Preferred Stock, represented approximately 38.0% of our total assets (less current liabilities). On a pro forma basis, after giving effect to the issuance of 7,644,170 shares of our common stock, 16,399 shares of our Series D Preferred Stock, 891,258 shares of our Series AA Convertible Perpetual Preferred Stock and 92,836 shares of our Series AB Convertible Perpetual Preferred Stock from January 1, 2025 through March 31, 2025, our leverage, including the outstanding Notes and the Preferred Stock, represented approximately 38.3% of our total assets (less current liabilities) as of February 28, 2025 (based on management’s unaudited estimate of the NAV per share of our common stock as of such date). As of December 31, 2024, our asset coverage ratios in respect of (i) senior securities representing indebtedness and (ii) our outstanding Preferred Stock, each as calculated pursuant to Section 18 of the 1940 Act, were 506% and 263%, respectively. In the event we fail to meet our applicable asset coverage ratio requirements, we may not be able to incur additional debt and/or issue additional Preferred Stock, and could be required by law or otherwise to sell a