# EDGAR Filing Document

**Accession Number:** 0001604174
**File Stem:** 0001104659-23-024030
**Filing Date:** 2023-2
**Character Count:** 81975
**Document Hash:** 1d3c030ee293fafb9646d16641eea920
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-024030.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001104659-23-024030

**CONFORMED SUBMISSION TYPE**: 497AD

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eagle Point Credit Co Inc.
- **CENTRAL INDEX KEY:** 0001604174
- **IRS NUMBER:** 465215217
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497AD
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-237586
- **FILM NUMBER:** 23650500

**BUSINESS ADDRESS:**
- **STREET 1:** 600 STEAMBOAT RD, SUITE 202
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** 203.862.3150

**MAIL ADDRESS:**
- **STREET 1:** 600 STEAMBOAT RD, SUITE 202
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Eagle Point Credit Co LLC
- **DATE OF NAME CHANGE:** 20140331

### Attached PDF Documents

**Attachment 1:** `tm237093-4_497ad.pdf`

Filed pursuant to Rule 497(a)  
File No. 333-237586  
Rule 482ad

# EAGLE POINT CREDIT COMPANY

QUARTERLY UPDATE - 4Q 2022

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

FEBRUARY 22, 2023

# IMPORTANT INFORMATION

![img-2.jpeg](img-2.jpeg)

This report and the information and views included herein do not constitute investment advice, or a recommendation or an offer to enter into any transaction with Eagle Point Credit Company Inc. (the 'Company') or any of its affiliates. This report is provided for informational purposes only, does not constitute an offer to sell securities of the Company or a solicitation of an offer to purchase any such securities, and is not a prospectus. From time to time, the Company may have a registration statement relating to one or more of its securities on file with the Securities and Exchange Commission ('SEC'). Any registration statement that has not yet been declared effective by the SEC, and any prospectus relating thereto, is not complete and may be changed. Any securities that are the subject of such a registration statement may not be sold until the registration statement filed with the SEC is effective.

This presentation is solely for the use of the intended recipient(s). The information and its contents are the property of Eagle Point Credit Management LLC and/or the Company. Any unauthorized dissemination, copying or use of this presentation is strictly prohibited and may be in violation of law. This presentation is being provided for informational purposes only.

Investors should read the Company's prospectus and SEC filings (which are publicly available on the EDGAR Database on the SEC website at http://www.sec.gov) carefully and consider their investment goals, time horizons and risk tolerance before investing in the Company. Investors should consider the Company's investment objectives, risks, charges and expenses carefully before investing in securities of the Company. There is no guarantee that any of the goals, targets or objectives described in this report will be achieved. An investment in the Company is not appropriate for all investors. The investment program of the Company is speculative, entails substantial risk and includes investment techniques not employed by traditional mutual funds. An investment in the Company is not intended to be a complete investment program. Shares of closed-end investment companies, such as the Company, frequently trade at a discount from their net asset value, which may increase investors' risk of loss. **Past performance is not indicative of, or a guarantee of, future performance.** The performance and certain other portfolio information quoted herein represents information as of dates noted herein. Nothing herein shall be relied upon as a representation as to the future performance or portfolio holdings of the Company. Investment return and principal value of an investment will fluctuate, and shares, when sold, may be worth more or less than their original cost. The Company's performance is subject to change since the end of the period noted in this report and may be lower or higher than the performance data shown herein.

Neither Eagle Point Credit Management LLC nor the Company provides legal, accounting or tax advice. Any statement regarding such matters is explanatory and may not be relied upon as definitive advice. Investors should consult with their legal, accounting and tax advisers regarding any potential investment. The information presented herein is as of the dates noted herein and is derived from financial and other information of the Company, and, in certain cases, from third party sources and reports (including reports of third party custodians, CLO collateral managers and trustees) that have not been independently verified by the Company. As noted herein, certain of this information is estimated and unaudited, and therefore subject to change. We do not represent that such information is accurate or complete, and it should not be relied upon as such. This report does not purport to be complete and no obligation to update or revise any information herein is being assumed.

Information contained on our website is not incorporated by reference into this report and you should not consider information contained on our website to be part of this report or any other report we file with the SEC.

## ABOUT EAGLE POINT CREDIT COMPANY

The Company is a non-diversified, closed-end management investment company. The Company's primary investment objective is to generate high current income with the secondary objective to generate capital appreciation, primarily through investment in equity and junior debt tranches of CLOs. The Company is externally managed and advised by Eagle Point Credit Management LLC. The Company makes certain unaudited portfolio information available each month on its website in addition to making certain other unaudited financial information available on its website (www.eaglepointcreditcompany.com). This information includes (1) an estimated range of the Company's NII and realized capital gains or losses per share of common stock for each calendar quarter end, generally made available within the first fifteen days after the applicable calendar month end, (2) an estimated range of the Company's NAV per share of common stock for the prior month end and certain additional portfolio-level information, generally made available within the first fifteen days after the applicable calendar month end, and (3) during the latter part of each month, an updated estimate of NAV, if applicable, and, with respect to each calendar quarter end, an updated estimate of the Company's NII and realized capital gains or losses per share for the applicable quarter, if available.

## FORWARD-LOOKING STATEMENTS

These materials may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this presentation may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this presentation.

Eagle Point Credit is a registered trademark of Eagle Point Credit Management LLC.

© 2023. Eagle Point Credit Company Inc. All Rights Reserved.

1

# TABLE OF CONTENTS

EAGLE POINT
CREDIT COMPANY

1. Introduction to Eagle Point Credit Company (ECC)
2. Senior Investment Team and Investment Process
3. CLO Equity Overview
4. ECC Supplemental Information
5. Selected Market Data

2

# INTRODUCTION TO  
EAGLE POINT CREDIT COMPANY(ECC)

![img-3.jpeg](img-3.jpeg)

![img-4.jpeg](img-4.jpeg)

# INTRODUCTION TO ECC

## Company and Adviser Overview

![img-5.jpeg](img-5.jpeg)

### The Company: Eagle Point Credit Company Inc. (ECC)

| IPO Date | October 7, 2014 |
| --- | --- |
| Primary Investment Objective | To generate high current income by investing primarily in equity and junior debt tranches of collateralized loan obligations, or “CLOs” |
| Total Market Capitalization | $821.1 million 1 |
| Distributions | Monthly distribution of $0.14 per share of common stock beginning in April 2022 (distribution rate of 15.6%) 2 $18.13 cumulative common distributions per share since IPO 2 |

### The Adviser: Eagle Point Credit Management LLC

| History | Eagle Point Credit Management LLC (“Eagle Point” or the “Adviser”) was formed in 2012 by Thomas Majewski and Stone Point Capital |
| --- | --- |
| Asset Under Management | Over $7.5 billion 3 managed on behalf of institutional, high net worth and retail investors |

1. Combined market capitalization of ECC, ECCC, ECC PRD, ECCX, ECCW and ECCV based on securities outstanding as of December 31, 2022 and market prices as of January 31, 2023.

2. Based on ECC’s closing market price of $10.80 per share on January 31, 2023 and amount and frequency of distributions most recently declared by the Company. To date, a portion of common stock distributions has been estimated to be a return of capital as noted under the Tax Information section on the Company’s website. The actual components of the Company’s distributions for U.S. tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099-DIV. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Company’s investment performance and should not be confused with “yield” or “income”. Future distributions may consist of a return of capital. **Not a guarantee of future distributions or yield.**

3. As of December 31, 2022 and also reflects amounts managed by Eagle Point Income Management LLC, an affiliate of the Adviser, inclusive of capital commitments that were undrawn as of such date.

4

# INTRODUCTION TO ECC

## ECC Highlights

EAGLE POINT
CREDIT COMPANY

| CLO Equity is an Attractive Asset Class | The Credit Suisse Leveraged Loan Index has generated positive total returns in 28 of the past 31 full calendar years 1 Eagle Point believes CLO equity provides an attractive way to obtain exposure to senior secured loans |
| --- | --- |
| Specialized Investment Team | Eagle Point is focused on CLO securities and related investments (as well as other income-oriented investments), and each member of the Senior Investment Team is a CLO industry specialist who has been directly involved in the CLO market for the majority of his career |
| Differentiated Investment Strategy and Process | ECC pursues a differentiated private equity style investment approach focused on proactively sourcing investment opportunities in CLO equity, seeking to take significant stakes and to influence key terms and conditions |
| Alignment of Interests | Adviser and Senior Investment Team have approximately $16.8 million invested in securities issued by ECC 2 |

Past performance is not indicative of, or a guarantee of, future performance.

1. The CSLLI tracks the investable universe of the US dollar-denominated leveraged loan market. The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index. Similarly, since 2001, from a total return perspective, the S&P/LSTA Leveraged Loan Index experienced only three down full calendar years (2008, 2015 and 2022 with returns of -29.1%, -0.7% and -0.6%, respectively). The S&P/LSTA Leveraged Loan Index is a market value-weighted index designed to measure the performance of the U.S. leveraged loan market based upon weightings, spreads and interest payments.
2. Amount includes holdings of Eagle Point and its senior investment personnel as of December 31, 2022 (based on market values as of January 31, 2023).

5

# INTRODUCTION TO ECC
## Cumulative Common Stock Distributions

EAGLE POINT
CREDIT COMPANY

*ECC currently pays a monthly distribution of $0.14 per share1*

### ECC Cumulative Distributions Per Share2

![img-6.jpeg](img-6.jpeg)

1. Based on frequency of regular distributions most recently declared by the Company.

2. As of December 31, 2022, 2022 includes a $0.50 special distribution paid on January 24, 2023 to shareholders of record as of December 23, 2022. To date, a portion of common stock distributions has been estimated to be a return of capital as noted under the Tax Information section on the Company's website. The actual components of the Company's distributions for U.S. tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099-DIV. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Company's investment performance and should not be confused with "yield" or "income". Future distributions may consist of a return of capital. Not a guarantee of future distributions or yield.

6

# INTRODUCTION TO ECC

## Track Record: Common Stock Total Return and Price to Book Ratio

EAGLE POINT CREDIT COMPANY

For the period of October 7, 2014 - January 31, 2023:

- ECC generated a total return1 of 85.25% versus 70.00% for the S&P BDC Index2 (annualized net total return of 7.69% for ECC versus 6.58% for the S&P BDC Index)
- ECC traded at an average premium to book value of 10.6% while the BDCs comprising the S&P BDC Index2 traded at an average discount of -6.0%

### Value of $10,000 Invested

![img-7.jpeg](img-7.jpeg)

### Price to Book Ratio3

![img-8.jpeg](img-8.jpeg)

Past performance is not indicative of, or a guarantee of, future performance.

1. Total return is calculated as the percent change in the value of $10,000 invested in ECC common stock at the time of the Company's IPO and assumes that any dividends or distributions are reinvested at prices obtained by the Company's dividend reinvestment plan on the applicable payment date. Future results may vary and may be higher or lower than those shown. Returns do not reflect the deduction of taxes that a shareholder would pay on Company distributions or the sale of Company shares.
2. The S&P BDC Index is designed to track leading business development companies (BDCs) that trade on NYSE and NASDAQ and satisfy market capitalization and equity requirements. Although ECC is not a BDC, BDCs generally invest in high yielding credit investments, as does ECC. In addition, similar to ECC, BDCs generally elect to be classified as a regulated investment company under the U.S. Internal Revenue Code of 1986, as amended, which generally requires an investment company to distribute its taxable income to shareholders. You cannot invest directly in an index.
3. Price to book is calculated as price per share divided by book value per share, which for ECC, reflects management's reported estimate of book value for periods where final determined book values are not available. Future results may vary and may be higher or lower than those shown.

Source: Bloomberg.

7

# INTRODUCTION TO ECC

## ECC By The Numbers

EAGLE POINT CREDIT COMPANY

| 15.6% Current Distribution Rate 1 | 130 | Number of Resets Refis Re-Pricings Calls 2 | $0.14 Monthly Distribution 1 |
| --- | --- | --- | --- |
| 19 Average Years of CLO Experience of Senior Investment Team | 96.9% |  | Exposure to Floating Rate Senior Secured Loans 3 |
| Number of Underlying Loan Obligors 3 1,868 | 127 | Number of CLO Equity Securities 3 | Number of CLO 38 Collateral Managers 3 |

Past performance is not indicative of, or a guarantee of, future performance.

1. Based on ECC's closing market price of $10.80 per share on January 31, 2023 and frequency and amount of regular distributions most recently declared by the Company. To date, a portion of common stock distributions has been estimated to be a return of capital as noted under the Tax Information section on the Company's website. The actual components of the Company's distributions for U.S. tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099-DIV. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Company's investment performance and should not be confused with "yield" or "income". Future distributions may consist of a return of capital. Not a guarantee of future distributions or yield.
2. Since IPO date October 7, 2014 through December 31, 2022.
3. As of December 31, 2022.

8

# INTRODUCTION TO ECC
## Securities Outstanding

EAGLE POINT
CREDIT COMPANY

Adviser and Senior Investment Team have approximately $16.8 million invested in ECC and ECCX1

| Common Stock |  | Preferred Stock and Unsecured Notes |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| NYSE Ticker | ECC | NYSE Ticker | ECCC | ECC PRD | ECCV | ECCW | ECCX |
| Description | Common Stock | Description | Series C Term Preferred Stock Due 2031 ($25 Liquidation Preference) | Series D Perpetual Preferred Stock ($25 Liquidation Preference) | Unsecured Notes Due 2029 ($25 Par Denomination) | Unsecured Notes Due 2031 ($25 Par Denomination) | Unsecured Notes Due 2028 ($25 Par Denomination) |
| Market Cap2 | $594.5mm | Principal | $54.3mm | $27.3mm | $93.3mm | $44.9mm | $32.4mm |
| Price per Share2 | $10.80 | Price per Share2 | $22.09 | $20.97 | $22.06 | $23.25 | $24.48 |
| Distribution3 | $0.14 | Coupon | 6.5% | 6.75% | 5.375% | 6.75% | 6.6875% |
| Current Distribution Rate3 | 15.6% | Yield to Maturity2 | 8.5% | 8.1% | 8.0% | 8.0% | 7.3% |
| Payment Frequency | Monthly | Payment Frequency | Monthly | Monthly | Quarterly | Quarterly | Quarterly |
| Maturity Date | N/A | Maturity Date | 6/30/2031 | Perpetual | 1/31/2029 | 3/31/2031 | 4/30/2028 |
| Callable Date | N/A | Callable Date | 6/16/2024 | 11/29/2026 | 1/31/2025 | 3/29/2024 | Callable |
| Market Value Held by Adviser and Senior Investment Team1 | $16.7mm | Market Value Held by Adviser and Senior Investment Team1 | N/A | N/A | N/A | N/A | $131.5K |

Past performance is not indicative of, or a guarantee of, future performance.

1. Amount includes holdings of Eagle Point and its senior investment personnel as of December 31, 2022 (based on market values as of January 31, 2023).
2. Reflects securities outstanding as of December 31, 2022 and market price as of January 31, 2023. Yield is shown to the stated maturity based on market prices as of January 31, 2023. If called prior to stated maturity, the yield could be adversely impacted.
3. Based on ECC's closing market price of $10.80 per share on January 31, 2023 and frequency and amount of regular distributions most recently declared by the Company. To date, a portion of common stock distributions has been estimated to be a return of capital as noted under the Tax Information section on the Company's website. The actual components of the Company's distributions for U.S. tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099-DIV. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Company's investment performance and should not be confused with 'yield' or 'income'. Future distributions may consist of a return of capital. Not a guarantee of future distributions or yield.

9

# SENIOR INVESTMENT TEAM AND
INVESTMENT PROCESS

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

# INVESTMENT PROCESS

## Senior Investment Team

EAGLE POINT
CREDIT COMPANY

![img-2.jpeg](img-2.jpeg)

### Thomas Majewski

Managing Partner
Member of Eagle Point's
Board and Investment
Committee

**27**

Years in
Financial Services

**21**

Years in
CLO Industry

### Background

Mr. Majewski has spent his entire career in the credit and structured finance markets

Founder of Eagle Point

- Longstanding experience as a CLO industry investor and investment banker
- Former Head of CLO Banking at RBS and Merrill Lynch

![img-3.jpeg](img-3.jpeg)

### Daniel Ko

Principal and Portfolio
Manager

**16**

Years in
Financial Services

**16**

Years in
CLO Industry

### Background

Mr. Ko has direct experience in the CLO market dating back to 2006

CLO structuring specialist

- Specialized exclusively in structured finance throughout entire career
- Former Vice President at Bank of America Merrill Lynch in the CLO structuring group responsible for modeling deal cash flows, negotiating deal terms with both debt and equity investors and coordinating the rating process

![img-4.jpeg](img-4.jpeg)

### Daniel Spinner, CAIA

Principal and Portfolio
Manager

**26**

Years in
Financial Services

**20**

Years in
CLO Industry

### Background

Mr. Spinner has financed and advised asset managers and funds throughout his career and is skilled at originating, analyzing and negotiating financings that work for both the lender and borrower

Focus on collateral manager evaluation / due diligence and capital markets activities

- Former Investment Analyst at 1199SEIU responsible for the private equity, special opportunities credit, and real estate portfolios
- Former Co-Founder of Structured Capital Partners, a financial holding company formed to invest in CLO and structured credit managers
- Former investment banker JPMorgan Securities, focused on asset management firms including CLO collateral managers

11

# INVESTMENT PROCESS

## Private Equity Approach to Fixed Income Investing

EAGLE POINT
CREDIT COMPANY

*Eagle Point employs a process that we believe is more akin to a private equity-style investment approach than the typical process used by many investors in fixed income securities*

| Investment Strategy and Process | Proactive sourcing of investment opportunities Utilization of our methodical and rigorous investment analysis and due diligence process Involvement at the CLO formation and structuring stage enables us to influence the key terms and conditions of the investment for significant primary market investments Ongoing monitoring and diligence |
| --- | --- |
| Objective of the Process | Outperformance relative to the CLO market In the primary market, Eagle Point seeks to invest in CLO securities that have the potential to outperform other similar CLO securities issued within the respective vintage period |

Note: Reflects the Adviser's current opinions and investment process only, which are subject to change without notice. There is no assurance that the Company will achieve its objective or that the Adviser's investment process will achieve its desired results.

12

# CLO EQUITY OVERVIEW

![img-5.jpeg](img-5.jpeg)

![img-6.jpeg](img-6.jpeg)

# CLO EQUITY OVERVIEW

## Why Invest in CLO Equity?

EAGLE POINT
CREDIT COMPANY

*Eagle Point believes that CLO equity provides an attractive way to obtain exposure to loans*

### Distribution of CLO Equity IRRs
U.S. CLOs (2002 - 2011 Vintages)1

- CLO equity has historically generated strong absolute returns with a low loss rate

![img-7.jpeg](img-7.jpeg)

### CLO Equity Attributes

- Potential for strong absolute and risk-adjusted returns
- Expected shorter duration high-yielding credit investment with potential for high quarterly cash distributions
- Expected protection against rising interest rates2
- Expected low-to-moderate correlation over the long-term with fixed income and equity

Past performance is not indicative of, or a guarantee of, future performance.

Source: Compiled by Eagle Point based on data from Intex, Bloomberg, and Moody's Investors Service. As of November 2, 2017.

1. This chart shows certain performance data for CLO 1.0 vintages. For this purpose, CLO 1.0 vintages are defined as US broadly syndicated cash flow CLOs that were originated from 2002 to 2011. Information for later vintage CLOs is not as complete and is therefore not shown. The figures presented in this report do not reflect any projections regarding the returns of any investment strategy and all returns earned on CLO investments will be reduced by any applicable expenses and management fees. Actual performance of a CLO investment will vary and such variance may be material and adverse, including the potential for full loss of principal. In particular, ECC is only invested in CLOs issued after 2011 (the CLO 2.0 period) and no representation is being made with respect to the historical or future performance of such later issued CLOs. CLO investments involve multiple risks, including unhedged credit exposure to companies with speculative-grade ratings, the use of leverage and pricing volatility. The analysis was prepared by Eagle Point based on its proprietary analysis of data sourced from Intex, Bloomberg, Moody's Investors Service, and proprietary CLO Manager presentations. While the data and information contained in this report have been obtained from sources that Eagle Point considers reliable, Eagle Point has not independently verified all such data and does not represent or warrant that such data and information are accurate or complete, and thus they should not be relied upon as such. In addition, for purposes of this analysis, IRRs were calculated at the CLO level net of all CLO-related expenses and some of such IRRs have certain inherent limitations as they are calculated based on certain underlying assumptions, which may under or over compensate for the impact, if any, of certain market factors and financial risk, such as lack of liquidity, macroeconomic factors and other similar factors. The IRR calculations assume an initial cash investment equal to the par balance of the equity tranche. For redeemed CLOs, the equity IRR is based on reported Intex cash flows or manager reported realized returns where Intex data was not available. For active CLOs, the equity IRR is based on reported Intex cash flows and assumes a terminal equity value equal to the CLO's NAV as at November 2, 2017. Such assumptions may not be reflective of actual market conditions in the past, present or future. Additional information relating to this analysis is available upon request.
2. The Adviser expects CLO equity to provide some measure of protection against rising interest rates when the applicable benchmark rate is greater than the benchmark rate floor on a CLO's underlying assets (which can typically range from 0.00% to 1.00% depending on the loan). However, CLO equity is also subject to other forms of interest rate risk.

14

# CLO EQUITY OVERVIEW

## The CLO Market is Large and Important to the Loan Market

EAGLE POINT CREDIT COMPANY

*The CLO market is the largest source of capital for the U.S. senior secured loan market1*

### U.S. Leveraged Loans Outstanding1

![img-8.jpeg](img-8.jpeg)

### U.S. CLOs Outstanding2

![img-9.jpeg](img-9.jpeg)

### Demand for Institutional Leveraged Loans1,4

![img-10.jpeg](img-10.jpeg)

### U.S. Leveraged Loans Fund Flows ($ Billions)5

![img-11.jpeg](img-11.jpeg)

1. Source: Pitchbook LCD. As of December 31, 2022.
2. Source: Refinitive Leveraged Loan Monthly. As of December 31, 2022.
3. CAGR is an abbreviation for Compound Annual Growth Rate.
4. Represents average demand for newly issued leveraged loans from 2016 through December 31, 2022.
5. Source: JP Morgan.

15

# CLO EQUITY OVERVIEW

## Positive Loan Market Track Record

![img-12.jpeg](img-12.jpeg)

*From 1992 through 2022, the CSLLI generated positive total returns in 28 of the 31 full calendar years*

### Credit Suisse Leveraged Loan Index ('CSLLI') Annual Total Return$^{1}$

![img-13.jpeg](img-13.jpeg)

Source: Credit Suisse. Data as of December 31, 2022. **Past performance is not indicative of, or a guarantee of, future performance.**

1. The CSLLI launched January 31, 1992 and tracks the investable universe of the US dollar-denominated leveraged loan market. The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index. Similarly, since 2001, from a total return perspective, the S&P/LSTA Leveraged Loan Index experienced only three down years (2008, 2015 and 2022 with returns of -29.1%, -0.7% and -0.6%, respectively). The S&P/LSTA Leveraged Loan Index is a market value-weighted index designed to measure the performance of the U.S. leveraged loan market based upon weightings, spreads and interest payments.

16

# CLO EQUITY OVERVIEW

## Senior Secured Loans are the Raw Materials of CLOs

EAGLE POINT CREDIT COMPANY

### Senior Secured Loans Represent “Pure” Credit Exposure

| Senior | Senior position in a company’s capital structure |
| --- | --- |
| Secured | First lien security interest in a company’s assets |
| Floating Rate | Mitigates interest rate risk associated with fixed rate bonds 1 |
| Low LTV | Senior secured loans often have a loan-to-value ratio of approximately 40-60% 2 |
| Consistent Returns | Since 1992, the Credit Suisse Leveraged Loan Index experienced only three years of negative total returns |

### Illustrative Underlying Loan Obligors in CLOs$^{3}$

![img-14.jpeg](img-14.jpeg)

![img-15.jpeg](img-15.jpeg)

![img-16.jpeg](img-16.jpeg)

![img-17.jpeg](img-17.jpeg)

### Representative Company Capital Structure

| Assets | Liabilities and Equity | % of Capital Structure |
| --- | --- | --- |
| Cash Receivables Inventory Property Plant Equipment Brands/Logos Intangibles Subsidiaries | Senior Secured Loans First priority pledge of assets | 40-60% |
|  | Subordinated Bonds Generally unsecured | 10-20% |
|  | Equity | 30-50% |

Reflects general market terms as of the date hereof; actual terms of any loan will vary.

### Moody’s Average Recovery Rate (1987-2020)$^{4}$

![img-18.jpeg](img-18.jpeg)

Past performance is not indicative of, or a guarantee of, future performance. Please see Important Information on page 1.

1. The Adviser expects CLO equity to provide some measure of protection against rising interest rates when the applicable benchmark rate is greater than the benchmark rate floor on a CLO’s underlying assets (which can typically range from 0.00% to 1.00% depending on the loan). However, CLO equity is also subject to other forms of interest rate risk, including increased risk of default by CLO’s underlying obligors.
2. Loan-to-value ratio is typically based on market values as determined in an acquisition, by the public in the case of publicly traded companies, or by private market multiples and other valuation methodologies in the case of private companies.
3. The illustrative borrowers shown may not reflect a meaningful part of the portfolios of our CLO investments and have been selected to provide context regarding the general types of borrowers of U.S. senior secured loans. Most of such borrowers are not as recognizable to the public as those shown.
4. Source: Moody’s Investor Services Default Trends - Global (January 2021). Senior Loans include first lien, second lien and unsecured term loans. In 2020, 15% of the senior loans were second lien and the remaining 85% were first lien term loans. No representation is being made as to the applicability of historical relative recovery rates to future periods. The information shown herein is for background purposes only and is the most recent data available.

17

# CLO EQUITY OVERVIEW

## The Spread in Loan Market Remains at High End of Historical Range

![img-19.jpeg](img-19.jpeg)

### Historical Leveraged Loan Spreads

![img-20.jpeg](img-20.jpeg)

Past performance is not indicative of, or a guarantee of, future performance. Please see important disclosures on page 1.

Source: Credit Suisse. Data as of December 31, 2022. The average calculation is based on Credit Suisse Leveraged Loan Index year-end values from 1992 to 2021.

The Credit Suisse Leveraged Loan Index tracks the investable universe of the US-denominated leveraged loan market. You cannot invest directly in an index.

18

# CLO EQUITY OVERVIEW

## Loan Market Repayment Rate

![img-21.jpeg](img-21.jpeg)

*Loan repayments provide capital for reinvestment within CLOs*

### Annual Repayment Rate

![img-22.jpeg](img-22.jpeg)

Source: Pitchbook LCD, Data as of December 31, 2022.

19

# CLO EQUITY OVERVIEW

## CLOs are Securitizations of a Portfolio of Senior Secured Loans

EAGLE POINT
CREDIT COMPANY

*ECC invests primarily in the equity and subordinated debt tranches*

![img-0.jpeg](img-0.jpeg)

The CLO structure highlighted on this page is a hypothetical structure, and the structure of CLOs in which the Company invests may vary from the example.

1. Since a CLO's indenture typically requires that the maturity dates of a CLO's assets (typically 5 to 7 years from the date of issuance of a senior secured loan) be shorter than the maturity date of the CLO's liabilities (typically 12 to 13 years), CLOs generally do not face refinancing risk on the CLO debt. However, CLO investors do face reinvestment risk with respect to a CLO's underlying portfolio. In addition, in most CLO transactions, CLO debt investors are subject to prepayment risk in that the holders of a majority of the equity tranche can direct a call or refinancing of a CLO, which would cause the CLO's outstanding CLO debt securities to be repaid at par.

20

# ECC SUPPLEMENTAL INFORMATION

![img-1.jpeg](img-1.jpeg)

![img-2.jpeg](img-2.jpeg)

# ECC SUPPLEMENTAL INFORMATION1

## Income Statement and Balance Sheet Highlights

![img-3.jpeg](img-3.jpeg)

|  | Q4 2022 | Q3 2022 (Unaudited) | Q2 2022 (Unaudited) | Q1 2022 (Unaudited) | Q4 2021 |
| --- | --- | --- | --- | --- | --- |
| U.S. GAAP Net Investment Income ("NII") before Non-Recurring Expenses2 | $0.40 | $0.40 | $0.41 | $0.39 | $0.43 |
| U.S. GAAP Realized Gain/(Loss) before Non-Recurring Losses2 | (0.07) | 0.07 | 0.02 | 0.01 | 0.01 |
| Total U.S. GAAP NII and Realized Gain/(Loss) before Non-Recurring Losses and Expenses2 | $0.33 | $0.47 | $0.43 | $0.40 | $0.44 |
| Non-Recurring Losses and Expenses2,3 | ($0.04) | $0.00 | $0.00 | ($0.10) | ($0.07) |
| Total U.S. GAAP NII and Realized Gain/(Loss)2 | $0.29 | $0.47 | $0.43 | $0.30 | $0.37 |
| Total Portfolio Cash Distributions Received2,4,5 | $0.70 | $0.95 | $1.36 | $1.23 | $1.34 |
| Less Cash Received on CLOs called2 | 0.05 | 0.06 | 0.24 | 0.20 | 0.02 |
| Recurring Portfolio Cash Distributions Received2,6 | $0.65 | $0.89 | $1.12 | $1.03 | $1.32 |
| Common Share Distributions Paid6 | ($0.42) | ($0.42) | ($0.42) | ($0.36) | ($0.36) |
| Total Company Expenses2,7 | (0.27) | (0.26) | (0.27) | (0.35) | (0.37) |
| Total Common Share Distributions and Expenses | ($0.69) | ($0.68) | ($0.69) | ($0.71) | ($0.73) |
| Special Common Share Distributions Declared8 | ($0.75) | $0.00 | $0.00 | $0.00 | ($0.50) |
| Common Share Market Price (period end) | $10.12 | $11.00 | $11.78 | $13.15 | $14.00 |
| Net Asset Value (period end) | $9.07 | $10.23 | $10.08 | $12.64 | $13.39 |
| $ Premium / (Discount) | $1.05 | $0.77 | $1.70 | $0.51 | $0.61 |
| % Premium / (Discount) | 11.6% | 7.5% | 16.9% | 4.0% | 4.6% |
| (Figures below are in millions, except shares outstanding) |  |  |  |  |  |
| Assets |  |  |  |  |  |
| CLO Equity | $551.12 | $594.25 | $566.36 | $625.82 | $632.67 |
| CLO Debt | 55.35 | 53.04 | 47.83 | 59.19 | 44.16 |
| Loan Accumulation Facilities | 25.83 | 22.47 | 30.49 | 46.45 | 47.45 |
| Other Non CLO Assets | 34.87 | 10.77 | 5.13 | 6.55 | 6.44 |
| Cash | 56.83 | 24.14 | 14.00 | 9.72 | 13.92 |
| Receivables and Other Assets | 36.16 | 32.50 | 27.84 | 46.03 | 23.40 |
| Liabilities |  |  |  |  |  |
| Notes (Net of Deferred Issuance Costs) | (150.77) | (153.52) | (160.76) | (168.04) | (140.69) |
| Preferred Stock (Net of Deferred Issuance Costs) | (44.58) | (47.37) | (51.18) | (53.42) | (73.14) |
| Payables and Other Liabilities | (39.40) | (18.75) | (13.37) | (24.43) | (28.02) |
| Temporary Equity |  |  |  |  |  |
| Preferred Stock (Net of Deferred Issuance Costs) | (26.14) | (26.14) | (26.14) | (26.10) | (23.89) |
| Net Assets | $499.27 | $491.39 | $440.20 | $521.77 | $502.30 |
| Weighted Avg of Common Shares for the period | 50,945,338 | 45,928,991 | 42,961,314 | 39,722,490 | 36,149,795 |
| Common Shares Outstanding at end of period | 55,045,981 | 48,025,043 | 43,682,137 | 41,264,104 | 37,526,810 |

1. Certain of the information contained herein is unaudited. The information shown is derived from the Company's 2022 Annual Report, 2022 Semiannual Report, 2021 Annual Report, and interim quarterly unaudited financial statements and/or other related financial information.
2. Dollar amounts are per share of common stock and are based on a daily weighted average of shares of common stock outstanding for the period.
3. Q4 2022 results include non-recurring excise taxes. Q1 2022 results include non-recurring upfront expenses associated with the offering of 5.375% Unsecured Notes due 2029 and non-recurring realized loss associated with accelerated amortization of upfront costs related to full redemption of remaining 7.75% Series B Term Preferred Stock and 6.75% Unsecured Notes due 2027. Q4 2021 results include non-recurring excise taxes and non-recurring realized loss associated with accelerated amortization of upfront costs related to the partial redemption of the 7.75% Series B Term Preferred Stock.
4. Cash distributions include funds received from CLOs called (which includes a return of the Company's remaining invested capital in the applicable CLOs).
5. Cash distributions received per share are net of expenses associated with refinance, reset and repricing activity of $0.00, $0.00, $0.00, $0.02, and $0.02 per share for the periods of Q4 2022, Q3 2022, Q2 2022, Q1 2022 and Q4 2021, respectively.
6. See note 3 and 5 on page 23.
7. Includes operational and administrative expenses, interest expense, distributions on 6.75% Series D Preferred Stock, management and incentive fees, as well as non-recurring expenses mentioned in note 3 above.
8. Q4 2022 special distributions relates to the distribution of excess taxable income over the aggregate distributions paid to common shareholders during the 2022 tax year. Q4 2021 special distribution relates to the distribution of excess taxable income over the aggregate distributions paid to common shareholders during the 2021 tax year.

22

# ECC SUPPLEMENTAL INFORMATION1
## Distribution and Expense Coverage

EAGLE POINT
CREDIT COMPANY

### ECC Portfolio Recurring Cash Flows2

![img-4.jpeg](img-4.jpeg)

- ■ Cash Received in Excess of Common Share Distributions and Total Company Expenses
- ■ Total Company Expenses4
- ■ Common Share Regular Distributions Paid5

1. Certain of the information contained herein is unaudited. The information shown is derived from the Company's 2022 Annual Report, 2022 Semiannual Report, 2021 Annual Report and interim quarterly unaudited financial statements and/or other related financial information and is a graphical presentation for information previously provided on page 22.
2. Dollar amounts are per share of common stock and are based on a daily weighted average of shares of common stock outstanding for the period.
3. "Recurring Portfolio Cash Distributions Received" include quarterly distributions from CLO equity, CLO debt investments and other non-CLO assets and distributions from loan accumulation facilities in excess of capital invested and exclude funds received from CLOs called. Such distributions will vary from period to period and may be adversely affected by developments in the market. No representation is being made that such distributions will continue in the future at the same levels or at all, and nothing herein constitutes a guarantee of future distributions.
4. See note 7 on page 22.
5. To date, a portion of common stock distributions has been estimated to be a return of capital as noted under the Tax Information section on the Company's website. The actual components of the Company's distributions for U.S. tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099-DIV. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Company's investment performance and should not be confused with "yield" or "income". Future distributions may consist of a return of capital. Amounts do not reflect special distributions paid to shareholders. Not a guarantee of future distributions or yield.

23

# ECC SUPPLEMENTAL INFORMATION$^{1}$

## Quarterly Snapshot Trend

![img-5.jpeg](img-5.jpeg)

|  | Q4 2022 | Q3 2022 (Unaudited) | Q2 2022 (Unaudited) | Q1 2022 (Unaudited) | Q4 2021 |
| --- | --- | --- | --- | --- | --- |
| (Figures below are in millions, except for per share amounts and shares outstanding) |  |  |  |  |  |
| Distributions Received From CLO Equity 2,3 | $33.59 | $41.50 | $53.50 | $47.63 | $45.69 |
| Distributions Received From Other Investments 3 | 2.13 | 1.94 | 4.78 | 1.20 | 2.76 |
| Total Portfolio Cash Distributions Received 3 | $35.72 | $43.44 | $58.28 | $48.83 | $48.45 |
| Investment Income From CLO Equity | $28.89 | $27.33 | $25.53 | $23.82 | $24.55 |
| Investment Income From CLO Debt | 1.46 | 0.88 | 0.69 | 0.48 | 0.56 |
| Investment Income From Loan Accumulation Facilities | 1.02 | 1.58 | 2.54 | 2.40 | 1.85 |
| Investment Income from Non CLO Assets | 1.15 | 0.41 | 0.15 | 0.12 | 0.12 |
| Total Gross Income | $32.52 | $30.20 | $28.91 | $26.82 | $27.08 |
| Cash Flow Treated as Return of Capital | $10.65 | $16.48 | $29.80 | $23.16 | $21.42 |
| Operational and Administrative Expense 4 | $1.02 | $1.14 | $0.97 | $0.95 | $1.06 |
| Portfolio Cash Distributions Received: |  |  |  |  |  |
| Recurring CLO Equity Distributions 3 | $30.81 | $38.87 | $43.05 | $39.91 | $45.02 |
| Called CLO Equity Distributions 3 | 2.78 | 2.63 | 10.45 | 7.72 | 0.67 |
| Distributions Received From CLO Equity 2,3 | $33.59 | $41.50 | $53.50 | $47.63 | $45.69 |
| Distributions Received From CLO Debt 3 | 1.30 | 0.78 | 0.67 | 0.48 | 0.57 |
| Distributions Received From Loan Accumulation Facilities 3 | 0.33 | 1.16 | 4.11 | 0.72 | 2.19 |
| Distributions Received From Non CLO Assets 3 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Portfolio Cash Distributions Received 3 | $35.72 | $43.44 | $58.28 | $48.83 | $48.45 |
| Portfolio Cash Distributions Received per Common Share 2,3,5,6 | $0.70 | $0.95 | $1.36 | $1.23 | $1.34 |
| U.S. GAAP NII and Realized Gain/(Loss) per Common Share 5 | $0.29 | $0.47 | $0.43 | $0.30 | $0.37 |
| Weighted Avg of Common Shares for the period | 50,945,338 | 45,928,991 | 42,961,314 | 39,722,490 | 36,149,795 |
| Common Shares Outstanding at end of period | 55,045,981 | 48,025,043 | 43,682,137 | 41,264,104 | 37,526,810 |

1. Certain of the information contained herein is unaudited. The information shown is derived from the Company's 2022 Annual Report, 2022 Semiannual Report, 2021 Annual Report and interim quarterly unaudited financial statements and/or other related financial information.

2. Cash distributions include funds received from CLOs called (which includes a return of the Company's remaining invested capital in the applicable CLOs).

3. Amounts represent cash received during the period noted. Such amounts may represent income recorded in a previous period. Distributions received from non-CLO assets prior to Q4 2022 are considered non-meaningful and are not reflected above.

4. Excludes interest expense, distributions on 6.75% Series D Preferred Stock, management fees, incentive fees and excise tax, as well as non-recurring upfront expenses associated with the offering of 5.375% Unsecured Notes due 2029.

5. Dollar amounts are per share of common stock and are based on a daily weighted average of shares of common stock outstanding for the period.

6. Cash distributions received per share are net of expenses associated with refinance, reset and repricing activity of $0.00, $0.00, $0.00, $0.02, and $0.02 per share for the periods of Q4, 2022, Q3 2022, Q2 2022, Q1 2022, and Q4 2021, respectively.

24

# ECC SUPPLEMENTAL INFORMATION$^{1}$

## Portfolio Details - Q4 2022

![img-6.jpeg](img-6.jpeg)

| CLO Equity Holdings (as of December 31, 2022) | Vintage | Ref/Reset/Call | Years Remaining in Non-Call Period | Years Remaining in Reinvestment Period | Volume Accrued During Q4 2022 | Cash Received During Q4 2022 | Volume Accrued During Q3 2022 | Return of Capital in Q4 2022 | Q4 Cash Received as % of Prior Qtr Accrual | CCC+/Caa1 or Lower | Junior OC Cushion | Senior AAA Spread | Weighted Average Portfolio Spread | Weighted Average Rating Factor | Diversity Score |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Anchorage Credit Funding 12 | 2020 |  | 0.0 | 2.8 | $255 | $142 | $235 | $0 | 61% | 16.05% | 5.78% | -0.58% | 4.87% | 3.365 | 63 |
| Anchorage Credit Funding 13 | 2021 |  | 0.5 | 3.6 | $36 | $27 | $30 | $0 | 91% | 12.67% | 5.83% | -1.74% | 4.46% | 3.334 | 66 |
| Ares XXXIV | 2015 |  | 0.0 | 2.3 | $371 | $285 | $315 | $30 | 90% | 5.16% | 3.99% | 1.25% | 3.54% | 3.027 | 82 |
| Ares XLI | 2016 | RF Q3-19 / RS Q1-21 | 0.2 | 3.3 | $657 | $623 | $625 | $35 | 100% | 6.56% | 6.66% | 1.07% | 3.56% | 3.064 | 82 |
| Ares XLII | 2017 | RS Q2-21 | 0.5 | 3.5 | $651 | $604 | $626 | $30 | 96% | 6.86% | 6.41% | 1.16% | 3.56% | 3.081 | 84 |
| Ares XLIV | 2017 |  | 0.3 | 3.3 | $166 | $150 | $148 | $5 | 101% | 6.18% | 6.07% | 1.09% | 3.55% | 3.042 | 84 |
| Ares XLVII | 2018 |  | 0.0 | 0.3 | $211 | $253 | $226 | $36 | 112% | 6.62% | 3.37% | 0.94% | 3.55% | 3.197 | 81 |
| Ares LI | 2019 | RS Q3-21 | 0.5 | 3.5 | $422 | $340 | $403 | $11 | 84% | 5.84% | 6.32% | 1.18% | 3.57% | 3.040 | 82 |
| Ares LVII | 2020 | RS Q1-22 | 1.0 | 4.0 | $196 | $113 | $189 | $0 | 60% | 5.10% | 6.25% | 1.33% | 3.64% | 3.028 | 81 |
| Baie 2021-1 | 2021 |  | 0.3 | 3.3 | $297 | $250 | $305 | $0 | 82% | 6.90% | 5.04% | 1.06% | 3.57% | 2.879 | 96 |
| Barbin Hill 2021-2 | 2021 |  | 0.8 | 3.8 | $56 | $45 | $53 | $2 | 85% | 4.68% | 5.82% | 1.25% | 3.79% | 2.732 | 86 |
| Barings 2018-1 | 2018 |  | 0.0 | 0.3 | $355 | $622 | $371 | $256 | 168% | 6.35% | 3.21% | 0.95% | 3.53% | 2.944 | 92 |
| Barings 2018-1 | 2019 | RS Q2-21 | 0.3 | 3.3 | $443 | $369 | $419 | $13 | 88% | 4.98% | 6.07% | 1.13% | 3.53% | 2.859 | 90 |
| Barings 2019-1 | 2019 | RS Q2-21 | 0.3 | 3.3 | $514 | $414 | $477 | $15 | 87% | 6.58% | 6.06% | 1.17% | 3.57% | 2.889 | 90 |
| Barings 2020-1 | 2020 | RS Q3-21 | 0.8 | 3.8 | $235 | $157 | $229 | $1 | 69% | 3.22% | 6.04% | 1.15% | 3.49% | 2.650 | 76 |
| Barings 2020-1 | 2021 |  | 0.5 | 3.5 | $365 | $257 | $76 | $122 | 339% | 3.81% | 5.61% | 0.83% | 3.56% | 2.885 | 82 |
| Barings 2021-1 | 2021 |  | 1.0 | 4.1 | $71 | $52 | $69 | $0 | 76% | 5.74% | 5.67% | 1.15% | 3.64% | 2.859 | 78 |
| Barings 2022-1 | 2022 |  | 1.3 | 4.3 | $352 | $654 | $378 | $17 | 173% | 6.30% | 5.38% | 1.12% | 3.75% | 2.966 | 74 |
| Barings 2022-1 | 2022 |  | 1.5 | 4.5 | $334 | $0 | $188 | $0 | 0% | 3.51% | 5.79% | 1.80% | 3.56% | 2.815 | N/A |
| Blackstone Beeswood Park | 2021 |  | 0.3 | 3.3 | $137 | $126 | $142 | $0 | 89% | 4.22% | 5.24% | 1.00% | 3.50% | 2.959 | 76 |
| Blackstone Bear Mountain Park 2 | 2022 |  | 1.5 | 4.5 | $459 | $0 | $165 | $0 | 0% | 2.24% | 5.72% | 1.80% | 3.52% | 2.786 | 63 |
| Blackstone Bethpage Park | 2021 |  | 0.8 | 3.8 | $408 | $359 | $432 | $13 | 83% | 3.92% | 5.18% | 1.13% | 3.55% | 2.895 | 72 |
| Blackstone Bristol Park | 2016 | RF Q1-20 | 0.0 | 0.0 | $0 | $790 | $101 | $790 | 785% | 5.42% | 2.61% | 0.99% | 3.46% | 2.942 | 79 |
| Blackstone Dewolf Park | 2017 | RF Q4-21 | 0.0 | 0.0 | $18 | $198 | $114 | $91 | 173% | 4.89% | 3.44% | 0.92% | 3.48% | 2.950 | 80 |
| Blackstone Whitestone Park | 2021 |  | 1.1 | 4.1 | $368 | $267 | $359 | $0 | 74% | 3.66% | 4.30% | 1.13% | 3.47% | 2.847 | 70 |
| BBAM European CLO II | 2021 |  | 0.5 | 3.5 | $310 | $785 | $323 | $304 | 243% | 2.94% | 4.74% | 1.02% | 3.85% | 2.896 | 56 |
| BlueMountain 2013-2 | 2013 | RS Q4-17 | 0.0 | 0.0 | $32 | $302 | $179 | $169 | 169% | 5.90% | 0.54% | 1.19% | 3.45% | 2.992 | 92 |
| BlueMountain 2018-1 | 2018 |  | 0.0 | 0.6 | $108 | $120 | $123 | $0 | 98% | 6.19% | 1.44% | 1.12% | 3.57% | 2.870 | 97 |
| BlueMountain XXII | 2018 |  | 0.0 | 0.8 | $154 | $181 | $177 | $5 | 102% | 5.50% | 3.19% | 1.18% | 3.63% | 3.020 | 96 |
| BlueMountain XXIV | 2019 | RS Q1-21 | 0.3 | 3.3 | $289 | $210 | $266 | $0 | 79% | 5.95% | 5.59% | 1.10% | 3.62% | 2.886 | 95 |
| BlueMountain XXV | 2019 | RS Q2-21 | 0.5 | 3.5 | $237 | $209 | $240 | $0 | 87% | 5.94% | 5.53% | 1.20% | 3.62% | 2.850 | 96 |
| Brigade Battalion IX | 2015 | RS Q2-18 | 0.0 | 0.5 | $275 | $522 | $377 | $157 | 138% | 4.83% | 4.22% | 1.10% | 3.85% | 2.836 | 76 |
| Brigade Battalion XVIII | 2020 | RS Q4-21 | 0.8 | 3.8 | $388 | $317 | $400 | $0 | 79% | 2.47% | 6.05% | 1.20% | 3.82% | 2.693 | N/A |
| Brigade Battalion XIX | 2021 |  | 0.3 | 3.3 | $304 | $256 | $299 | $12 | 85% | 2.05% | 5.87% | 1.07% | 3.85% | 2.753 | 76 |
| Brigade Battalion XXII 3 | 2022 |  | 0.5 | 2.5 | $507 | $0 | $347 | $0 | 0% | 1.42% | 6.06% | 1.44% | 3.66% | 2.637 | 70 |
| Carlyle GMS 2014-5 | 2014 | RF Q1-17 / RS Q3-18 | 0.0 | 0.5 | $83 | $182 | $129 | $75 | 149% | 3.47% | 2.41% | 1.15% | 3.49% | 2.774 | N/A |
| Carlyle GMS 2017-4 | 2017 |  | 0.0 | 0.0 | $37 | $209 | $90 | $121 | 231% | 3.60% | 2.92% | 1.18% | 3.41% | 2.894 | 92 |
| Carlyle GMS 2018-1 | 2018 |  | 0.0 | 0.3 | $78 | $134 | $99 | $38 | 134% | 3.96% | 2.80% | 1.02% | 3.49% | 2.934 | 96 |
| Carlyle GMS 2018-4 | 2018 |  | 0.0 | 1.1 | $145 | $176 | $149 | $27 | 118% | 3.57% | 4.21% | 1.18% | 3.49% | 2.890 | 97 |
| Carlyle GMS 2019-4 | 2020 | RS Q1-22 | 1.1 | 4.3 | $292 | $221 | $285 | $2 | 78% | 2.81% | 5.87% | 1.33% | 3.62% | 2.792 | 94 |
| Carlyle GMS 2021-1 | 2021 |  | 0.2 | 3.3 | $419 | $401 | $410 | $17 | 98% | 1.97% | 5.86% | 1.14% | 3.63% | 2.741 | 91 |
| Carlyle GMS 2021-4 | 2021 |  | 0.3 | 3.3 | $399 | $416 | $387 | $24 | 107% | 1.25% | 5.48% | 1.13% | 3.66% | 2.734 | 87 |
| Carlyle GMS 2021-7 | 2021 |  | 0.7 | 3.8 | $373 | $338 | $362 | $10 | 93% | 1.34% | 5.73% | 1.16% | 3.63% | 2.750 | 87 |
| Carlyle GMS 2022-1 | 2022 |  | 1.3 | 4.3 | $320 | $867 | $314 | $273 | 276% | 2.16% | 5.58% | 1.24% | 3.71% | 2.834 | 81 |
| CIFC 2013-1 | 2013 | RS Q4-17 / RF Q2-21 | 0.0 | 0.0 | $31 | $293 | $158 | $151 | 185% | 4.98% | 4.24% | 1.00% | 3.47% | 2.834 | 89 |
| CIFC Funding 2014 | 2014 | RF Q2-17 / RS Q1-18 | 0.0 | 0.0 | $20 | $249 | $111 | $147 | 224% | 4.79% | 2.97% | 1.11% | 3.43% | 2.852 | 90 |
| CIFC Funding 2014-III | 2014 | RF Q3-17 / RS Q4-18 | 0.0 | 0.8 | $60 | $173 | $120 | $59 | 144% | 5.26% | 2.57% | 1.21% | 3.46% | 2.880 | 94 |
| CIFC Funding 2014-IV | 2018 | RF Q1-17 / RS Q4-18 / RS Q4-21 | 1.0 | 4.0 | $113 | $101 | $107 | $0 | 94% | 5.64% | 4.55% | 1.18% | 3.52% | 2.862 | 88 |
| CIFC Funding 2015-III | 2015 | RS Q1-18 | 0.0 | 0.0 | $0 | $211 | $28 | $211 | 761% | 5.02% | 2.30% | 0.87% | 3.22% | 2.692 | 80 |
| CIFC Funding 2019-III | 2019 | RS Q3-21 | 0.8 | 3.8 | $99 | $55 | $92 | $0 | 60% | 3.80% | 5.58% | 1.16% | 3.52% | 2.822 | 91 |
| CIFC Funding 2019-IV | 2019 | RS Q3-21 | 0.8 | 3.8 | $445 | $363 | $432 | $12 | 84% | 3.48% | 5.27% | 1.17% | 3.48% | 2.841 | 89 |
| CIFC Funding 2020-I | 2020 | RS Q3-21 | 0.5 | 3.5 | $396 | $301 | $381 | $7 | 79% | 1.83% | 5.57% | 1.16% | 3.52% | 2.828 | 88 |
| CIFC Funding 2020-IV | 2021 |  | 0.0 | 3.0 | $286 | $225 | $279 | $11 | 81% | 1.07% | 5.83% | 1.32% | 3.57% | 2.853 | 86 |
| CIFC Funding 2021-III | 2021 |  | 0.4 | 3.5 | $499 | $440 | $484 | $18 | 91% | 1.63% | 5.17% | 1.14% | 3.60% | 2.839 | 79 |
| CIFC Funding 2021-VI | 2021 |  | 0.8 | 3.8 | $455 | $403 | $444 | $15 | 91% | 1.22% | 5.49% | 1.14% | 3.62% | 2.868 | 75 |
| CIFC Funding 2022-I | 2022 |  | 1.2 | 4.3 | $498 | $510 | $490 | $14 | 104% | 1.80% | 5.57% | 1.32% | 3.63% | 2.854 | 69 |
| CIFC Funding 2022-VI 2 | 2022 |  | 1.7 | 4.5 | $394 | $0 | $72 | $0 | 0% | 1.00% | 5.56% | 2.25% | 3.61% | 2.886 | 64 |
| CSAM Madison Park XXI | 2016 | RS Q4-19 / RF Q4-21 | 0.0 | 1.8 | $213 | $206 | $197 | $13 | 104% | 6.50% | 4.64% | 1.10% | 3.78% | 2.915 | 78 |
| CSAM Madison Park XXXIV | 2016 |  | 0.0 | 2.0 | $169 | $145 | $147 | $4 | 99% | 6.59% | 4.28% | 1.27% | 3.74% | 3.003 | 75 |
| CSAM Madison Park XXII | 2019 | RS Q1-20 | 0.0 | 1.3 | $292 | $248 | $3 | $168 | 8145% | 6.50% | 4.80% | 1.12% | 3.78% | 2.946 | 74 |
| CSAM Madison Park XL | 2013 | RS Q2-17 / RF Q1-21 | 0.0 | 0.0 | $197 | $500 | $185 | $296 | 270% | 7.96% | 3.78% | 0.99% | 3.61% | 2.950 | 78 |
| CSAM Madison Park XLIV | 2018 | RF Q4-20 | 0.0 | 1.1 | $231 | $232 | $212 | $21 | 109% | 6.57% | 4.83% | 1.19% | 3.73% | 2.939 | 78 |
| CSAM Madison Park XLVII | 2020 |  | 0.1 | 3.1 | $73 | $56 | $67 | $0 | 85% | 3.87% | 5.83% | 1.37% | 3.78% | 2.928 | 68 |
| Culwater 2015-I | 2015 | RS Q4-18 | 0.0 | 0.0 | $0 | $569 | $0 | $594 | NM | 23.11% | 0.38% | 1.22% | 3.97% | 3.564 | 48 |
| Eaton Vance 2015-1 | 2015 |  | 0.0 | 0.1 | $62 | $183 | $116 | $73 | 157% | 6.90% | 2.36% | 1.09% | 3.50% | 2.923 | 84 |

1. The portfolio level data contained herein is derived from the Company's 2022 Annual Report and interim quarterly unaudited financial statements and/or other related financial information, CLO trustee reports, custody statements and/or other information received from CLO collateral managers. Excludes CLO debt and loan accumulation facilities. Dollar amounts in thousands.

2. As of December 31, 2022, the CLO either had not reached its first payment date or, in the case of secondary purchases, had not made a payment since the Company owned the security.

25

# ECC SUPPLEMENTAL INFORMATION1

## Portfolio Details - Q4 2022 (Cont.)

![img-7.jpeg](img-7.jpeg)

| CLO Equity Holdings (as of December 31, 2022) | Vantage | Ref/Reset/Call | Years Remaining in Non-Call Period | Years Remaining in Reinvestment Period | Income Accrued During Q4 2022 | Cash Received During Q4 2022 | Income Accrued During Q3 2022 | Return of Capital in Q4 2022 | Q4 Cash Received as % of Prior Q4 Accrual | CCC+/Cash or Lower | Junior OC Common | Senior AAA Spread | Weighted Average Portfolio Spread | Weighted Average Rating Factor | Diversity Score |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Eaton Vance 2020-2 | 2020 |  | 1.0 | 4.0 | $397 | $331 | $43 | $223 | 771% | 3.37% | 5.25% | 1.15% | 3.55% | 2.787 | 78 |
| First Eagle Lake Shore MM I | 2019 | RS Q2-21 | 0.3 | 2.3 | $625 | $414 | $575 | $4 | 72% | 17.94% | 5.14% | 1.72% | 5.18% | 3.647 | 50 |
| First Eagle Wind River 2013-2 | 2013 | RS Q4-17 / RF Q3-21 | 0.0 | 0.0 | $14 | $288 | $76 | $222 | 377% | 6.18% | 1.89% | 1.00% | 3.58% | 2.846 | 78 |
| First Eagle Wind River 2014-1 | 2014 | RF Q1-17 / RS Q2-18 | 0.0 | 0.5 | $6 | $172 | $33 | $143 | 525% | 6.18% | 0.91% | 1.05% | 3.62% | 2.794 | 82 |
| First Eagle Wind River 2014-3 | 2015 | RF Q2-17 / RS Q3-18 / RF Q4-20 | 0.0 | 0.8 | $45 | $198 | $109 | $101 | 182% | 3.67% | 2.51% | 0.87% | 3.63% | 2.776 | 76 |
| First Eagle Wind River 2017-1 | 2017 | RF Q4-19 / RS Q1-21 | 0.3 | 3.3 | $467 | $316 | $449 | $1 | 70% | 6.27% | 5.96% | 1.06% | 3.57% | 2.845 | 87 |
| First Eagle Wind River 2017-3 | 2017 | RS Q2-21 | 0.3 | 3.3 | $610 | $534 | $605 | $2 | 88% | 5.42% | 6.06% | 1.15% | 3.57% | 2.777 | 85 |
| First Eagle Wind River 2018-1 | 2018 |  | 0.0 | 0.5 | $377 | $437 | $431 | $20 | 101% | 6.04% | 3.94% | 1.07% | 3.61% | 2.836 | 82 |
| First Eagle Wind River 2019-2 | 2019 | RS Q1-22 | 1.0 | 4.0 | $521 | $284 | $511 | $20 | 56% | 3.00% | 5.52% | 1.35% | 3.64% | 2.724 | 80 |
| First Eagle Wind River 2022-2 2 | 2022 |  | 1.5 | 4.6 | $525 | $0 | $376 | $0 | 0% | 3.90% | 6.46% | 1.59% | 3.83% | 2.762 | 66 |
| Genesee 9 | 2021 |  | 0.8 | 3.8 | $194 | $199 | $181 | $16 | 110% | 3.34% | 5.62% | 1.20% | 3.60% | 2.790 | 84 |
| Greywolf VI | 2019 |  | 0.2 | 3.3 | $199 | $106 | $181 | $0 | 58% | 8.34% | 4.21% | 1.49% | 3.52% | 2.945 | 76 |
| HarbourView VII | 2018 | RF Q1-17 / RS Q2-18 | 0.0 | 0.5 | $0 | $0 | $0 | $0 | NM | 4.33% | -0.05% | 1.13% | 3.48% | 2.810 | 87 |
| KKR 36 | 2021 |  | 0.8 | 3.8 | $232 | $227 | $222 | $2 | 102% | 8.35% | 5.88% | 1.18% | 3.74% | 2.957 | 72 |
| Marathon VI | 2014 | RF Q2-17 / RS Q2-18 | 0.0 | 0.0 | $0 | $0 | $0 | $0 | NM | 34.53% | -2.79% | 0.92% | 3.83% | 4.008 | 44 |
| Marathon VII | 2014 | RF Q2-17 | 0.0 | 0.0 | $0 | $0 | $0 | $0 | NM | 50.21% | -17.11% | 0.00% | 4.92% | 4.847 | 9 |
| Marathon VIII | 2015 | RS Q3-18 | 0.0 | 0.8 | $0 | $386 | $3 | $386 | 13081% | 10.18% | 0.38% | 1.25% | 3.85% | 2.899 | 91 |
| Marathon X | 2017 |  | 0.0 | 0.0 | $0 | $77 | $0 | $77 | NM | 10.02% | -0.31% | 1.01% | 3.67% | 3.004 | 79 |
| Marathon XI | 2018 |  | 0.0 | 0.3 | $0 | $74 | $2 | $74 | 4618% | 7.62% | 0.74% | 1.15% | 3.73% | 2.829 | 95 |
| Marathon XII | 2018 | RF Q3-20 | 0.0 | 0.3 | $0 | $123 | $2 | $123 | 6102% | 6.67% | 1.21% | 1.18% | 3.78% | 2.937 | 94 |
| Mustin 1988 CLO 1 2 | 2022 |  | 1.9 | 4.0 | $56 | $0 | $0 | $0 | NM | 1.24% | 5.78% | 2.45% | 3.44% | 2.385 | 71 |
| MIX Venture 41 | 2021 |  | 0.1 | 3.1 | $138 | $108 | $127 | $0 | 85% | 4.14% | 6.44% | 1.03% | 3.83% | 2.569 | 98 |
| Octagon 26 | 2016 | RS Q2-18 | 0.0 | 0.5 | $217 | $404 | $261 | $150 | 155% | 5.15% | 3.14% | 1.05% | 3.64% | 2.729 | 85 |
| Octagon 27 | 2016 | RS Q3-18 / RF Q3-20 | 0.0 | 0.5 | $201 | $347 | $220 | $134 | 158% | 5.01% | 3.08% | 1.09% | 3.65% | 2.724 | 85 |
| Octagon 29 | 2016 |  | 0.0 | 2.1 | $201 | $240 | $217 | $30 | 111% | 6.72% | 4.18% | 1.18% | 3.60% | 2.668 | 83 |
| Octagon 37 | 2018 |  | 0.0 | 0.6 | $25 | $53 | $31 | $23 | 169% | 4.70% | 2.28% | 1.04% | 3.62% | 2.637 | 87 |
| Octagon 44 | 2019 | RS Q3-21 | 0.7 | 3.8 | $421 | $449 | $438 | $10 | 102% | 4.92% | 5.11% | 1.18% | 3.68% | 2.713 | 84 |
| Octagon 46 | 2020 | RS Q3-21 | 0.5 | 3.5 | $411 | $395 | $413 | $4 | 96% | 4.95% | 5.16% | 1.16% | 3.70% | 2.649 | 84 |
| Octagon 48 | 2020 |  | 0.8 | 3.8 | $347 | $340 | $333 | $5 | 102% | 3.25% | 5.97% | 1.15% | 3.57% | 2.634 | 87 |
| Octagon 50 | 2020 | RS Q4-21 | 0.9 | 4.0 | $331 | $302 | $326 | $3 | 93% | 4.19% | 5.45% | 1.15% | 3.71% | 2.618 | 80 |
| Octagon 51 | 2021 |  | 0.4 | 3.6 | $342 | $360 | $353 | $6 | 102% | 3.47% | 5.74% | 1.15% | 3.58% | 2.632 | 81 |
| Octagon 55 | 2021 |  | 0.6 | 3.6 | $267 | $278 | $278 | $0 | 99% | 2.14% | 5.44% | 1.15% | 3.61% | 2.634 | 79 |
| Octagon 58 2 | 2022 |  | 1.5 | 4.5 | $818 | $0 | $532 | $0 | 0% | 2.09% | 5.57% | 1.45% | 3.71% | 2.698 | 79 |
| Octagon XIV | 2012 | RS Q2-17 / RF Q1-21 | 0.0 | 0.0 | $0 | $336 | $0 | $336 | NM | 7.40% | 1.80% | 0.98% | 3.38% | 2.592 | 77 |
| OCP Euro 2019-3 | 2019 |  | 0.0 | 2.6 | $39 | $59 | $38 | $21 | 155% | 1.38% | 5.08% | 0.82% | 3.88% | 2.833 | 63 |
| OPSI BSL VIII | 2017 | RF Q1-21 | 0.0 | 0.0 | $0 | $69 | $0 | $69 | NM | 7.26% | 2.48% | 1.00% | 3.29% | 2.881 | 57 |
| Prudential Dryden 53 | 2018 |  | 0.0 | 0.0 | $73 | $228 | $145 | $84 | 157% | 8.69% | 4.20% | 1.12% | 3.46% | 2.891 | 97 |
| Prudential Dryden 64 | 2018 |  | 0.0 | 0.3 | $258 | $274 | $294 | $0 | 93% | 8.81% | 3.05% | 0.97% | 3.51% | 2.918 | 97 |
| Prudential Dryden 66 Euro | 2018 |  | 0.2 | 0.5 | -$4 | $47 | $7 | $42 | 684% | 2.92% | 3.63% | 0.79% | 4.04% | 2.957 | 58 |
| Prudential Dryden 68 | 2019 | RS Q3-21 | 0.5 | 3.5 | $401 | $347 | $402 | $9 | 86% | 9.61% | 4.88% | 1.17% | 3.52% | 2.790 | 98 |
| Prudential Dryden 78 | 2020 |  | 0.0 | 2.3 | $32 | $30 | $31 | $0 | 97% | 8.96% | 4.89% | 1.18% | 3.47% | 2.865 | 95 |
| Prudential Dryden 85 | 2020 | RS Q3-21 | 0.8 | 3.8 | $381 | $335 | $373 | $4 | 90% | 7.86% | 5.89% | 1.15% | 3.53% | 2.749 | 97 |
| Prudential Dryden 86 Euro | 2021 |  | 0.0 | 3.1 | $14 | $20 | $14 | $4 | 140% | 7.20% | 4.19% | 0.85% | 4.05% | 2.991 | 54 |
| Prudential Dryden 94 2 | 2022 |  | 1.4 | 4.5 | $564 | $0 | $476 | $0 | 0% | 6.19% | 6.81% | 1.44% | 3.61% | 2.730 | 98 |
| Regatta VII | 2016 |  | 0.5 | 3.5 | $111 | $76 | $107 | $1 | 71% | 5.77% | 3.63% | 1.16% | 3.51% | 2.776 | 88 |
| Regatta XX | 2021 |  | 0.7 | 3.8 | $341 | $275 | $340 | $13 | 81% | 3.44% | 5.27% | 1.16% | 3.52% | 2.715 | 86 |
| Regatta XXI | 2021 |  | 0.8 | 3.8 | $287 | $237 | $283 | $0 | 84% | 3.52% | 5.34% | 1.18% | 3.52% | 2.692 | 86 |
| Rockford Tower 2019-1 | 2019 |  | 0.2 | 3.2 | $347 | $306 | $269 | $38 | 114% | 6.21% | 5.49% | 1.12% | 3.61% | 2.733 | 86 |
| Rockford Tower 2021-3 | 2021 |  | 0.8 | 3.8 | $858 | $754 | $884 | $0 | 85% | 4.45% | 4.83% | 1.20% | 3.70% | 2.808 | 84 |
| Steele Creek 2018-1 | 2018 |  | 0.0 | 0.3 | $151 | $356 | $197 | $156 | 180% | 8.37% | 2.41% | 1.01% | 3.63% | 2.738 | 80 |
| Steele Creek 2019-1 | 2019 | RF Q3-21 | 0.0 | 1.3 | $204 | $230 | $212 | $32 | 109% | 7.72% | 4.22% | 1.19% | 3.63% | 2.619 | 79 |
| Zais 3 | 2015 | RS Q2-18 | 0.0 | 0.5 | $167 | $390 | $135 | $244 | 288% | 9.74% | 2.88% | 1.21% | 3.98% | 2.966 | 80 |
| Zais 5 | 2016 | RF Q1-21 | 0.0 | 0.0 | $0 | $0 | $0 | $0 | NM | 16.86% | 2.19% | 1.25% | 3.92% | 3.433 | 48 |
| Zais 6 | 2017 | RF Q2-21 | 0.0 | 0.0 | $0 | $195 | $0 | $195 | NM | 13.53% | 0.42% | 1.18% | 3.78% | 2.962 | 67 |
| Zais 7 | 2017 |  | 0.0 | 0.0 | $0 | $302 | $0 | $302 | NM | 10.60% | 1.11% | 1.29% | 3.83% | 2.907 | 79 |
| Zais 8 | 2018 |  | 0.0 | 0.0 | $0 | $17 | $0 | $17 | NM | 16.19% | 0.49% | 0.95% | 3.81% | 3.181 | 59 |
| Zais 9 | 2018 | RF Q3-20 | 0.0 | 0.6 | $44 | $67 | $34 | $37 | 199% | 8.97% | 2.10% | 1.20% | 3.96% | 2.913 | 82 |
| ALM VIII | 2013 | RS Q4-16 / Called Q1-20 | 0.0 | 0.0 | $0 | $0 | $0 | $0 | NM | N/A | N/A | N/A | N/A | N/A | N/A |
| Bain 2016-2 | 2016 | RF Q3-19 / RF Q1-21 / Called Q1-22 | 0.0 | 0.0 | $0 | $27 | $0 | $27 | NM | N/A | N/A | N/A | N/A | N/A | N/A |
| Blackstone Taconic Park | 2016 | CFed Q1-22 | 0.0 | 0.0 | $0 | $1,248 | $0 | $1,248 | NM | N/A | N/A | N/A | N/A | N/A | N/A |
| First Eagle Wind River 2016-1 | 2016 | RF Q3-18 / Called Q1-22 | 0.0 | 0.0 | $0 | $1,452 | $0 | $1,421 | NM | N/A | N/A | N/A | N/A | N/A | N/A |
| Steele Creek 2015-1 | 2015 | RS Q2-17 / RF Q1-21 / Called Q1-22 | 0.0 | 0.0 | $0 | $52 | $0 | $52 | NM | N/A | N/A | N/A | N/A | N/A | N/A |
| Total/Weighted Average 1 |  |  | 0.6 | 3.0 | $28,893 | $33,585 | $27,328 | $10,649 |  | 6.11% | 4.12% | 1.15% | 3.63% | 2.900 | 80 |
| Positions no longer held as of December 31, 2022 |  |  |  |  | $0 | $2 | $0 | $0 |  |  |  |  |  |  |  |
| Total Including positions no longer held as of December 31, 2022 |  |  |  |  | $28,893 | $33,585 | $27,328 | $10,649 |  |  |  |  |  |  |  |

1. The portfolio level data contained herein is derived from the Company's 2022 Annual Report and interim quarterly unaudited financial statements and/or other related financial information, CLO trustee reports, custody statements and/or other information received from CLO collateral managers. Excludes CLO debt and loan accumulation facilities. Dollar amounts in thousands.
2. As of December 31, 2022, the CLO either had not reached its first payment date or, in the case of secondary purchases, had not made a payment since the Company owned the security.
3. Weighted average calculations exclude called CLOs and newly issued CLOs for which bookthrough data is not yet available.

26

# ECC SUPPLEMENTAL INFORMATION1

## Changes in Effective Yield

EAGLE POINT CREDIT COMPANY

*The following table represents changes made to effective yields from the prior quarter end*

| CLO Equity Holdings (as of December 31, 2022) | Effective Yield as of September 30, 2022 | Effective Yield as of December 31, 2022 | Change in Effective Yield | CLO Equity Holdings (as of December 31, 2022) | Effective Yield as of September 30, 2022 | Effective Yield as of December 31, 2022 | Change in Effective Yield |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Anchorage Credit Funding 12 | 13.64% | 13.77% | 2.53% | First Eagle Wind River 2013-2 | 3.58% | 0.00% | -3.54% |
| Anchorage Credit Funding 13 | 10.15% | 13.57% | 3.42% | First Eagle Wind River 2014-1 | 3.53% | 0.00% | -3.53% |
| Ares XXXIV | 18.67% | 21.45% | 2.78% | First Eagle Wind River 2014-3 | 7.80% | 2.17% | -5.43% |
| Ares XLI | 17.04% | 18.22% | 1.18% | First Eagle Wind River 2017-1 | 18.45% | 18.98% | 0.53% |
| Ares XLIII | 15.24% | 16.12% | 0.89% | First Eagle Wind River 2017-3 | 17.03% | 16.88% | -0.15% |
| Ares XLIV | 14.36% | 16.93% | 2.57% | First Eagle Wind River 2018-1 | 17.48% | 14.92% | -2.56% |
| Ares XLVII | 20.65% | 20.04% | -0.61% | First Eagle Wind River 2019-2 | 25.83% | 25.57% | -0.26% |
| Ares LI | 18.90% | 20.15% | 1.25% | First Eagle Wind River 2022-2 | 22.93% | 27.00% | 4.07% |
| Ares LVIII | 18.04% | 18.67% | 0.63% | Genesee 9 | 18.89% | 20.61% | 1.72% |
| Bain 2021-1 | 18.35% | 17.35% | -1.00% | Greywolf CLO IV | 18.02% | 20.30% | 2.27% |
| Bardin Hill 2021-2 | 21.54% | 22.62% | 1.07% | HarbourView VII | 0.00% | 0.00% |  |
| Barings 2018-1 | 12.16% | 11.97% | -0.19% | KKR 36 | 20.20% | 21.08% | 0.87% |
| Barings 2019-1 | 18.70% | 19.87% | 1.17% | Marathon VI | 0.00% | 0.00% |  |
| Barings 2019-II | 19.20% | 20.97% | 1.77% | Marathon VII | 0.00% | 0.00% |  |
| Barings 2020-1 | 35.17% | 35.07% | -0.10% | Marathon VIII | 0.00% | 0.00% |  |
| Barings 2021-1 | 21.35% | 21.78% | 0.43% | Marathon X | 0.00% | 0.00% |  |
| Barings 2021-III | 18.47% | 18.66% | 0.19% | Marathon XI | 0.00% | 0.00% |  |
| Barings 2022-1 | 25.45% | 25.11% | -0.34% | Marathon XII | 0.00% | 0.00% |  |
| Barings 2022-II | 32.08% | 33.74% | 1.08% | MJX Venture 41 | 21.66% | 23.75% | 2.09% |
| Blackstone Basswood Park | 14.69% | 13.86% | -0.84% | Muzinich 1988 CLO 1 | 7.80% | 8.99% | -0.61% |
| Blackstone Bear Mountain Park | 14.22% | 15.25% | 1.02% | OCP Euro CLO 2019-3 | 14.02% | 15.71% | 1.69% |
| Blackstone Bethpage Park | 19.78% | 18.07% | -1.71% | Octagon 26 | 20.76% | 17.50% | -3.26% |
| Blackstone Bristol Park | 0.00% | 0.00% |  | Octagon 27 | 18.38% | 17.65% | -0.73% |
| Blackstone Dewolf Park | 8.94% | 0.00% | -8.94% | Octagon 29 | 13.04% | 12.29% | -0.75% |
| Blackstone Whiststone Park | 17.96% | 18.08% | 0.13% | Octagon 37 | 12.33% | 9.59% | -2.74% |
| Bluebay AM Euro II | 13.88% | 12.92% | -0.96% | Octagon 44 | 20.11% | 19.11% | -1.00% |
| BlueMountain 2013-2 | 2.37% | 0.00% | -2.37% | Octagon 46 | 37.09% | 36.76% | -0.33% |
| BlueMountain 2018-1 | 41.16% | 31.25% | -9.91% | Octagon 48 | 17.23% | 18.06% | 0.83% |
| BlueMountain XXII | 17.12% | 14.34% | -2.78% | Octagon 50 | 26.63% | 26.83% | 0.20% |
| BlueMountain XXIV | 29.81% | 29.52% | -0.29% | Octagon 51 | 18.09% | 17.26% | -0.83% |
| BlueMountain XXV | 27.10% | 26.16% | -0.94% | Octagon 55 | 17.22% | 16.08% | -1.14% |
| Brigade Battalion IX | 13.41% | 9.39% | -4.02% | Octagon 58 | 18.48% | 22.61% | 4.13% |
| Brigade Battalion XVIII | 39.03% | 36.56% | -2.47% | Octagon XIV | 0.00% | 0.00% |  |
| Brigade Battalion XIX | 26.69% | 26.71% | 0.02% | OFSI BSL VIII | 0.00% | 0.00% |  |
| Brigade Battalion XXII | 20.83% | 25.32% | 4.49% | Prudential Dryden 53 | 15.05% | 6.13% | -8.92% |
| Carlyle GMS 2014-5 | 15.39% | 9.62% | -5.77% | Prudential Dryden 64 | 32.53% | 28.04% | -4.49% |
| Carlyle GMS 2017-4 | 7.32% | 2.30% | -5.03% | Prudential Dryden 66 Euro | 5.34% | 0.00% | -5.34% |
| Carlyle GMS 2018-1 | 16.05% | 12.27% | -3.78% | Prudential Dryden 68 | 17.99% | 17.82% | -0.37% |
| Carlyle GMS 2018-4 | 13.84% | 13.40% | -0.44% | Prudential Dryden 78 | 16.58% | 16.94% | 0.36% |
| Carlyle GMS 2019-4 | 23.06% | 23.11% | 0.05% | Prudential Dryden 85 | 25.97% | 26.13% | 0.16% |
| Carlyle GMS 2021-1 | 24.14% | 24.42% | 0.28% | Prudential Dryden 88 Euro | 14.57% | 11.04% | -3.53% |
| Carlyle GMS 2021-4 | 16.08% | 16.54% | 0.46% | Prudential Dryden 94 | 19.90% | 21.28% | 1.38% |
| Carlyle GMS 2021-7 | 20.80% | 21.14% | 0.34% | Regatta VII | 12.62% | 11.81% | -0.80% |
| Carlyle GMS 2022-1 | 20.26% | 22.06% | 1.75% | Regatta VII RTA Fee Note | 54.40% | 54.09% | -0.31% |
| CIFC Funding 2013-3 | 10.14% | 0.00% | -10.14% | Regatta VII R2 Fee Note | 102.98% | 102.56% | -0.42% |
| CIFC Funding 2014 | 6.55% | 0.00% | -6.55% | Regatta XX | 19.69% | 19.51% | -0.18% |
| CIFC Funding 2014-III | 6.66% | 1.93% | -4.73% | Regatta XXI | 18.48% | 18.46% | -0.02% |
| CIFC Funding 2014-IV | 13.48% | 14.28% | 0.80% | Rockford Tower 2019-1 | 20.15% | 19.70% | -0.40% |
| CIFC Funding 2015-III | 0.00% | 0.00% |  | Rockford Tower 2021-3 | 18.25% | 17.13% | -1.12% |
| CIFC Funding 2019-III | 18.60% | 19.57% | 0.97% | Steele Creek CLO 2018-1 | 12.29% | 8.62% | -3.67% |
| CIFC Funding 2019-IV | 17.87% | 18.21% | 0.34% | Steele Creek CLO 2019-1 | 14.94% | 13.98% | -0.96% |
| CIFC Funding 2020-1 | 32.35% | 33.17% | 0.82% | Zais 3 | 6.40% | 14.01% | 7.62% |
| CIFC Funding 2020-IV | 21.22% | 21.41% | 0.18% | Zais 5 | 0.00% | 0.00% |  |
| CIFC Funding 2021-III | 19.87% | 20.43% | 0.56% | Zais 6 | 0.00% | 0.00% |  |
| CIFC Funding 2021-VI | 20.66% | 20.94% | 0.28% | Zais 7 | 0.00% | 0.00% |  |
| CIFC Funding 2022-1 | 20.29% | 20.44% | 0.15% | Zais 8 | 0.00% | 0.00% |  |
| CIFC Funding 2022-VI | 18.35% | 19.02% | 0.67% | Zais 9 | 8.37% | 12.02% | 3.65% |
| CSAM Madison Park XXI | 22.48% | 24.84% | 2.36% |  |  |  |  |
| CSAM Madison Park XXII | 15.86% | 18.65% | 2.83% | Weighted Average | 16.29% | 16.23% |  |
| CSAM Madison Park XXXIV | 22.96% | 24.88% | 1.72% |  |  |  |  |
| CSAM Madison Park XL | 12.90% | 12.29% | -0.61% | Called CLO Equity Holdings2 |  |  |  |
| CSAM Madison Park XLIV | 17.25% | 19.69% | 2.44% | ALM VIII Preferred Shares | 0.00% | 0.00% |  |
| CSAM Madison Park XLVII | 17.54% | 19.15% | 1.62% | Bain 2016-2 | 0.00% | 0.00% |  |
| Cutwater 2015-1 | 0.00% | 0.00% |  | Blackstone Taconic Park | 0.00% | 0.00% |  |
| Eaton Vance 2015-1 | 19.20% | 8.37% | -10.83% | First Eagle Wind River 2016-1 | 0.00% | 0.00% |  |
| Eaton Vance 2020-2 | 20.42% | 20.74% | 0.32% | Steele Creek CLO 2015-1 | 0.00% | 0.00% |  |
| First Eagle Lake Shore MM I | 26.04% | 28.45% | 2.41% |  |  |  |  |
|  |  |  |  | Weighted Average | 16.22%21 | 16.17%21 |  |

1. Source: Consolidated Schedule of Investments of the Company's September 30, 2022 unaudited financial statements and 2022 Annual Report.

2. These CLOs were called and final equity payments were pending as of the last day of the quarter.

3. Weighted average effective yield of CLO Equity investments held as of September 30, 2022 (inclusive of securities sold during Q4 2022 and not reflected in this schedule) was 16.16%.

4. Weighted average effective yield of CLO Equity investments excluding securities purchased or sold during Q4 2022 is 16.17%.

27

# ECC SUPPLEMENTAL INFORMATION

## Portfolio Investments and Underlying Portfolio Characteristics

![img-8.jpeg](img-8.jpeg)

As of December 31, 2022, ECC's portfolio was invested across 167 CLO investments

### Summary of ECC's Portfolio of Investments$^{1}$

![img-9.jpeg](img-9.jpeg)

### Summary of Underlying Portfolio Characteristics$^{2}$

|  | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
| --- | --- | --- | --- | --- | --- |
| Number of Unique Underlying Loan Obligors | 1,868 | 1,864 | 1,862 | 1,852 | 1,829 |
| Largest Exposure to an Individual Obligor | 0.93% | 0.84% | 0.83% | 0.78% | 0.78% |
| Average Individual Loan Obligor Exposure | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| Top 10 Loan Obligors Exposure | 6.16% | 5.79% | 5.71% | 5.62% | 5.71% |
| Currency: USD Exposure | 98.53% | 98.65% | 98.46% | 98.38% | 98.44% |
| Aggregate Indirect Exposure to Senior Secured Loans 3 | 96.88% | 93.94% | 93.91% | 95.96% | 97.35% |
| Weighted Average Junior Overcollateralization (OC) Cushion | 4.12% | 4.24% | 4.20% | 4.68% | 3.89% |
| Weighted Average Market Value of Loan Collateral | 92.14% | 91.41% | 91.72% | 97.33% | 98.34% |
| Weighted Average Stated Loan Spread | 3.63% | 3.63% | 3.60% | 3.58% | 3.55% |
| Weighted Average Loan Rating 4 | B+/B | B+/B | B+/B | B+/B | B+/B |
| Weighted Average Loan Maturity | 4.6 years | 4.7 years | 4.8 years | 4.9 years | 4.9 years |
| Weighted Average Remaining CLO Reinvestment Period | 3.0 years | 3.2 years | 3.3 years | 3.1 years | 3.0 years |

1. The summary of portfolio investments and cash shown is based on the estimated fair value of the underlying positions and cash net of pending trade settlements as of December 31, 2022.

2. The information presented herein is on a look-through basis to the collateralized loan obligation, or 'CLO', equity and related investments (i.e., loan accumulation facilities) held by the Company as of the period ends noted above (except as otherwise noted) and reflects the aggregate underlying exposure of the Company based on the portfolios of those investments. The data is estimated and unaudited and is derived from CLO trustee reports received by the Company relating to the period ends noted above and from custody statements and/or other information received from CLO collateral managers and other third party sources. Information relating to the market price of underlying collateral is as of month end; however, with respect to other information shown, depending on when such information was received, the data may reflect a lag in the information reported. As such, while this information was obtained from third party data sources, period end trustee reports and similar reports, other than market price, it does not reflect actual underlying portfolio characteristics as of the period ends noted above and this data may not be representative of current or future holdings. The weighted average remaining reinvestment period information is based on the fair value of CLO equity investments held by the Company at the end of the reporting periods.

3. We obtain exposure in underlying senior secured loans indirectly through CLOs and related investments.

4. Credit ratings shown are based on those assigned by Standard & Poor's Rating Group, or 'S&P,' or, for comparison and informational purposes, if S&P does not assign a rating to a particular obligor, the weighted average rating shown reflects the S&P equivalent rating of a rating agency that rated the obligor provided that such other rating is available with respect to a CLO equity or related investment held by us. In the event multiple ratings are available, the lowest S&P rating, or if there is no S&P rating, the lowest equivalent rating, is used. The ratings of specific borrowings by an obligor may differ from the rating assigned to the obligor and may differ among rating agencies. For certain obligors, no rating is available in the reports received by the Company. Such obligors are not shown in the graphs and, accordingly, the sum of the percentages in the graphs may not equal 100%. Ratings below BBB- are below investment grade. Further information regarding S&P's rating methodology and definitions may be found on its website (www.standardandpoors.com). This data includes underlying portfolio characteristics of the Company's CLO equity and loan accumulation facility portfolio.

28

# ECC SUPPLEMENTAL INFORMATION

## Obligor and Industry Exposures

![img-10.jpeg](img-10.jpeg)

*As of December 31, 2022, ECC has exposure to 1,868 unique underlying borrowers across a range of industries*

### Obligor and Industry Exposure

| Top 10 Underlying Obligors 1 | % Total | Top 10 Industries of Underlying Obligors 1,2 | % Total |
| --- | --- | --- | --- |
| Cablevision | 0.9% | Technology | 10.8% |
| Mcafee | 0.8% | Health Care | 9.5% |
| Asurion | 0.7% | Publishing | 7.5% |
| Numericable | 0.6% | Financial Intermediaries | 5.7% |
| Transdigm | 0.6% | Diversified/Conglomerate Service | 4.9% |
| Athenahealth | 0.5% | Lodging & Casinos | 4.6% |
| American Airlines | 0.5% | Telecommunications | 4.4% |
| Univision Communications | 0.5% | Commercial Services & Supplies | 4.3% |
| Medline Industries | 0.5% | Building & Development | 4.2% |
| Blackstone Mortgage Trust | 0.5% | Technology: Hardware & Equipment | 3.7% |
| Total | 6.2% | Total | 59.6% |

Note: Amounts shown are rounded and therefore totals may not foot.

1. The information presented herein is on a look-through basis to the collateralized loan obligation, or "CLO", equity and related investments (i.e., loan accumulation facilities) held by the Company as of December 31, 2022 (except as otherwise noted) and reflects the aggregate underlying exposure of the Company based on the portfolios of those investments. The data is estimated and unaudited and is derived from CLO trustee reports received by the Company relating to December 2022 and from custody statements and/or other information received from CLO collateral managers and other third party sources. Information relating to the market price of underlying collateral is as of month end; however, with respect to other information shown, depending on when such information was received, the data may reflect a lag in the information reported. As such, while this information was obtained from third party data sources, December 2022 trustee reports and similar reports, other than market price, it does not reflect actual underlying portfolio characteristics as of December 31, 2022 and this data may not be representative of current or future holdings.
2. Industry categories are based on the S&P industry categorization of each obligor as reported in CLO trustee reports to the extent so reported. Certain CLO trustee reports do not report the industry category of all of the underlying obligors and where such information is not reported, it is not included in the summary look-through industry information shown; if they were reflected, they would represent 4.0%. As such, the Company's exposure to a particular industry may be higher than that shown if industry categories were available for all underlying obligors. In addition, certain underlying obligors may be re-classified from time to time based on developments in their respective businesses and/or market practices. Accordingly, certain underlying borrowers that are currently, or were previously, summarized as a single borrower in a particular industry may in current or future periods be reflected as multiple borrowers or in a different industry, as applicable.

29

# ECC SUPPLEMENTAL INFORMATION

## Maturity Distribution of Underlying Obligors

![img-0.jpeg](img-0.jpeg)

### Maturity Distribution of Underlying Obligors$^{1}$

![img-1.jpeg](img-1.jpeg)

1. The information presented herein is on a look-through basis to the collateralized loan obligation, or 'CLO', equity and related investments (i.e., loan accumulation facilities) held by the Company as of December 31, 2022 (except as otherwise noted) and reflects the aggregate underlying exposure of the Company based on the portfolios of those investments. The data is estimated and unaudited and is derived from CLO trustee reports received by the Company relating to December 2022 and from custody statements and/or other information received from CLO collateral managers and other third party sources. Information relating to the market price of underlying collateral is as of month end; however, with respect to other information shown, depending on when such information was received, the data may reflect a lag in the information reported. As such, while this information was obtained from third party data sources, December 2022 trustee reports and similar reports, other than market price, it does not reflect actual underlying portfolio characteristics as of December 31, 2022 and this data may not be representative of current or future holdings.

30

# SELECTED MARKET DATA

![img-2.jpeg](img-2.jpeg)

![img-3.jpeg](img-3.jpeg)

# SELECTED MARKET DATA

## Credit Fundamentals

EAGLE POINT CREDIT COMPANY

Average Leverage Multiples of Outstanding Loans (Debt/EBITDA)1

![img-4.jpeg](img-4.jpeg)

Average Interest Coverage Multiples of Outstanding Loans (EBITDA/Interest)1

![img-5.jpeg](img-5.jpeg)

Average Leverage Multiples of Newly Issued Loans (Debt/EBITDA)2

![img-6.jpeg](img-6.jpeg)

Average Interest Coverage Multiples of Newly Issued Loans (EBITDA/Interest)2

![img-7.jpeg](img-7.jpeg)

Source: Pitchbook LCD.

1. Data based on the weighted average ongoing leverage and interest coverage multiples of all public issuers within the S&P/LSTA Leveraged Loan Index. As of September 30, 2022, this included approximately $190.0 billion of outstanding loans.
2. Data based on the average point-in-time leverage and interest coverage multiples of newly issued large corporate loans during the period and does not reflect their ongoing financial performance.

32

# SELECTED MARKET DATA

## Credit Fundamentals

![img-8.jpeg](img-8.jpeg)

### Annual Revenue Change (YoY) for Below Investment Grade Companies$^{1}$

![img-9.jpeg](img-9.jpeg)

### Annual EBITDA Change (YoY) for Below Investment Grade Companies$^{1}$

![img-10.jpeg](img-10.jpeg)

Source: Pitchbook LCD.

1. Data based on the average annual revenue and EBITDA change (YoY) for public issuers within the S&P/LSTA Leveraged Loan Index. As of September 30, 2022, this included approximately $190.0 billion of outstanding loans.

33

# SELECTED MARKET DATA

## Liquidity Considerations

EAGLE POINT CREDIT COMPANY

- Secondary trading is conducted through BWICs (“Bids Wanted in Competition”) and privately negotiated sales
- CLO debt and equity tranches typically settle electronically via DTC and trade on a T+2 basis

### Annual CLO Trading Volume

![img-11.jpeg](img-11.jpeg)

There was over $140 billion of CLO trading volume annually on average over the last 5 years

Source: J.P. Morgan, FINRA reported CBO/CDO/CLO trading volume, Reg S transactions are not included. The total activity of the market is unpublished and although these numbers are not perfect, Eagle Point believes they are directionally accurate. Data as of December 31, 2022.

34

# COMPANY INFORMATION

![img-12.jpeg](img-12.jpeg)

![img-13.jpeg](img-13.jpeg)

Eagle Point Credit Company Inc.
600 Steamboat Road, Suite 202
Greenwich, CT 06830
www.EaglePointCreditCompany.com

ICR (Media and Investor Relations)
IR@eaglepointcredit.com
(203) 340 8510