Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 29

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 29
---
1966) (“For purposes of Section 2(a)(3)(C), affiliation based upon control would depend        
 on the facts of the given situation, including such factors as extensive interlocks of officers, directors or key personnel, common 
 investment advisers or underwriters, etc.”); Lazard Freres Asset Management, SEC No-Action Letter (pub. avail. Jan. 10, 1997)       
 (“While, in some circumstances, the nature of an advisory relationship may give an adviser control over its client’s                
 management or policies, whether an investment company and another entity are under common control is a factual question…”).         
 See Protecting                                                                                                                      
 Investors: A Half-Century of Investment Company Regulation, 1504 Fed. Sec. L. Rep., Extra Edition (May 29, 1992) at 488 et seq.     |
|:---|:------------------------------------------------------------------------------------------------------------------------------------|
| 24 | Securities and Exchange                                                                                                             
 Commission v. Talley Industries, Inc., 399 F.2d 396, 405 (2d Cir. 1968), cert. denied, 393 U.S. 1015 (1969).                        |
| 25 | H. Rep. No. 96-1341, 96th Cong., 2d Sess. 45 (1980) reprinted in 1980 U.S.C.C.A.N. 4827.                                            |

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Applicants believe that the Conditions would
ensure that the conflicts of interest that Section 17(d) and Section 57(a)(4) were designed to prevent would be addressed
and the standards for an order under Rule 17d-1 and Section 57(i) would be met.

C. Need for Relief

Co-Investment Transactions
are prohibited by either or both of Rule 17d-1 and Section 57(a)(4) without a prior exemptive order of the Commission,
to the extent that the Affiliated Funds and the Regulated Funds participating in such transactions fall within the category of persons
described by Rule 17d-1 and/or Section 57(b), as modified by Rule 57b-1 thereunder, as applicable, vis-à-vis each
participating Regulated Fund.

Each of the participating
Regulated Funds and Affiliated Funds may be deemed to be affiliated persons vis-à-vis a Regulated Fund within the meaning of Section 2(a)(3) by