Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, NYSE:ECCA,
NYSE:ECCZ) 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 April 29, 2016 to stockholders of record as of March
31, 2016. The following schedule applies to the distribution:
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Ex-Dividend Date:
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March 29, 2016
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Record Date:
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March 31, 2016
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Payable Date:
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April 29, 2016
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Amount:
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$0.60 per share of common stock
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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 2016 calendar year.
ABOUT EAGLE POINT CREDIT COMPANY
The Company is a non-diversified, closed-end management investment
company. The Company’s investment objectives are 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 each month on
its website in addition to making certain other unaudited financial
information available on its website (www.eaglepointcreditcompany.com).
This information includes an estimated range of the Company’s NAV per
share of common stock for the prior month end, generally made available
within the first fifteen days after each calendar month end, and, during
the latter part of each month, certain additional portfolio-level
information, an updated estimate of NAV, if applicable, and, with
respect to each calendar quarter end, an estimate of the Company’s net
investment income for the applicable quarter.
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 U.S.
Securities and Exchange Commission (“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.
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