Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, NYSE:ECCA)
today is pleased to announce the declaration of a distribution on shares
of the Company’s common stock.
The Company has declared a distribution of $0.60 per share on its common
stock, payable on October 30, 2015 to stockholders of record as of
September 30, 2015. The following schedule applies to the distribution:
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Ex-Dividend Date:
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September 28, 2015
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Record Date:
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September 30, 2015
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Payable Date:
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October 30, 2015
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Amount:
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$0.60 per share of common stock
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Chief Executive Officer Thomas Majewski commented, “We continue to be
pleased with the cash flow generated by the Company’s portfolio, which
has already generated approximately $14.6 million (or $1.06 per common
share) of cash distributions to date in the third quarter of 2015.”
Distributions are generally expected to be paid from net investment
income (regular interest and dividends) but may also include capital
gains and/or a return of capital. The specific tax characteristics of
the distribution will be reported to the Company’s shareholders on Form
1099 after the end of the 2015 calendar year.
ABOUT EAGLE POINT CREDIT COMPANY
The Company is a publicly-traded, non-diversified, closed-end management
investment company. The Company’s investment objective is to generate
high current income and capital appreciation primarily through
investment in equity and junior debt tranches of collateralized loan
obligations. The Company is externally managed and advised by Eagle
Point Credit Management LLC. The principals of Eagle Point Credit
Management LLC are Thomas P. Majewski, Daniel W. Ko and Daniel M.
Spinner. The Company makes certain unaudited portfolio information
available on its website on a monthly basis as well as certain other
unaudited financial information (www.eaglepointcreditcompany.com).
FORWARD-LOOKING STATEMENTS
This press release 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
press release 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 Company’s 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
press release.
Source: Eagle Point Credit Company Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150901006742/en/
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