Eagle Point Credit Co. Files 8-K
Ticker: ECCW · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1604174
| Field | Detail |
|---|---|
| Company | Eagle Point Credit Co Inc. (ECCW) |
| Form Type | 8-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $9.11, $9.21, $0.27, $0.31 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, preferred-stock, filing
TL;DR
Eagle Point Credit Co. filed an 8-K detailing its preferred stock and notes, including rates and maturity dates.
AI Summary
Eagle Point Credit Company Inc. filed an 8-K on April 11, 2024, to report other events. The filing details various series of preferred stock and notes, including Series C, D, F, and notes due in 2028, 2029, and 2031, with specific interest rates and maturity dates. The company is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This filing provides an update on the company's capital structure, including details on its various preferred stock and debt issuances, which can impact investor understanding of its financial obligations and risk profile.
Risk Assessment
Risk Level: low — This is a routine filing reporting on existing financial instruments and corporate information, not indicating new or significant risks.
Key Players & Entities
- Eagle Point Credit Company Inc. (company) — Registrant
- April 11, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- ECC:Sec6.50SeriesCTermPreferredStockDue2031Member (financial_instrument) — Series C Preferred Stock
- ECC:Sec6.75SeriesDPreferredStockMember (financial_instrument) — Series D Preferred Stock
- ECC:Sec8.00SeriesFTermPreferredStockDue2029Member (financial_instrument) — Series F Preferred Stock
- ECC:Sec6.6875NotesDue2028Member (financial_instrument) — Notes due 2028
- ECC:Sec6.75NotesDue2031Member (financial_instrument) — Notes due 2031
- ECC:Sec5.375NotesDue2029Member (financial_instrument) — Notes due 2029
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report 'Other Events' as per Section 13 or 15(d) of the Securities Exchange Act of 1934.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on April 11, 2024.
In which state is Eagle Point Credit Company Inc. incorporated?
Eagle Point Credit Company Inc. is incorporated in Delaware.
What is the fiscal year end for Eagle Point Credit Company Inc.?
The fiscal year end for Eagle Point Credit Company Inc. is December 31.
What types of financial instruments are mentioned in the filing?
The filing mentions various series of preferred stock (Series C, D, F) and notes with different maturity dates (2028, 2029, 2031) and interest rates.
Filing Stats: 539 words · 2 min read · ~2 pages · Grade level 8.5 · Accepted 2024-04-11 17:15:07
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share ECC New York Stock Exchan
- $9.11 — stock as of March 31, 2024 was between $9.11 and $9.21. In addition, management's u
- $9.21 — of March 31, 2024 was between $9.11 and $9.21. In addition, management's unaudited e
- $0.27 — uarter ended March 31, 2024 was between $0.27 and $0.31. The unaudited estimate of th
- $0.31 — ed March 31, 2024 was between $0.27 and $0.31. The unaudited estimate of the range of
- $0.02 — of non-recurring estimated expenses of $0.02 per share related to the issuance of th
Filing Documents
- tm2411683d1_8k.htm (8-K) — 38KB
- 0001104659-24-046368.txt ( ) — 282KB
- ecc-20240411.xsd (EX-101.SCH) — 5KB
- ecc-20240411_def.xml (EX-101.DEF) — 28KB
- ecc-20240411_lab.xml (EX-101.LAB) — 39KB
- ecc-20240411_pre.xml (EX-101.PRE) — 27KB
- tm2411683d1_8k_htm.xml (XML) — 11KB
01
Item 8.01. Other Events. Management's unaudited estimate of the range of the net asset value per share of our common stock as of March 31, 2024 was between $9.11 and $9.21. In addition, management's unaudited estimate of the range of our net investment income and realized gain/loss per share of our common stock for the quarter ended March 31, 2024 was between $0.27 and $0.31. The unaudited estimate of the range of our net investment income and realized gain/loss per share of our common stock for the quarter ended March 31, 2024 is net of non-recurring estimated expenses of $0.02 per share related to the issuance of the Company's 8.00% Series F Term Preferred Stock due 2029. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Eagle Point Credit Company Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Eagle Point Credit Company Inc. Date: April 11, 2024 By: /s/ Kenneth P. Onorio Kenneth P. Onorio Chief Financial Officer and Chief Operating Officer