Eagle Point Credit Company ECCPRD

Company Overview

Eagle Point Credit Company Inc. is a publicly traded, externally managed closed-end investment company focused primarily on investing in equity and junior debt tranches of collateralized loan obligations (CLOs). The company operates within the structured credit, asset management, and alternative income investment sectors. Its primary objective is to generate high current income, with a secondary objective of capital appreciation, through investments tied to broadly syndicated senior secured corporate loans. Shares of the company’s preferred securities, including ECCPRD, trade publicly, while the broader company structure is organized as a regulated investment company under U.S. federal tax rules.

The company’s principal revenue drivers are cash distributions and interest income generated from CLO equity and debt investments, as well as gains on portfolio investments. Eagle Point Credit Company primarily serves institutional investors and retail income-focused investors seeking exposure to alternative credit markets. The company is externally managed by Eagle Point Credit Management LLC, an investment adviser specializing in CLO and structured credit markets. Founded in 2014 and headquartered in Greenwich, Connecticut, the company grew alongside increasing investor demand for floating-rate credit exposure and alternative yield-generating securities during the post-financial-crisis period.