Eagle Point Credit Co. Seeks Trust Conversion for Flexibility, Tax Savings

TL;DR

**ECCW is ditching its corporate structure for a trust, a smart move that slashes taxes and greases the wheels for future capital raises – vote FOR!**

AI Summary

Eagle Point Credit Company Inc. (ECCW) is proposing a significant change in its legal form, converting from a Delaware corporation to a Delaware statutory trust. This strategic move, approved by the Board of Directors on September 23, 2025, aims to enhance operational flexibility and efficiency. Key benefits include the ability to issue an unlimited number of common and preferred shares without additional shareholder approval, potentially reducing future solicitation costs. The conversion is also expected to eliminate the annual Delaware corporate franchise tax, which cost the company $100,000 in the 2024 tax year. The Board believes this change, which will also involve a name change to 'Eagle Point Credit Company,' is in the best interest of the company and its stockholders, offering a more favorable organizational structure commonly used by registered closed-end funds. The conversion is not anticipated to be a taxable event for the company or its stockholders, preserving its legal existence and performance history. Stockholders will vote on this proposal at a Special Meeting on December 17, 2025, with the Board recommending a 'FOR' vote.

Why It Matters

This conversion could significantly impact ECCW's operational agility and cost structure, directly benefiting investors through potential expense reductions like the $100,000 Delaware corporate franchise tax. The ability to issue unlimited shares without shareholder votes streamlines capital raising, giving ECCW a competitive edge in expanding its asset base more efficiently than peers still operating as corporations. For employees and customers, the change is largely administrative, maintaining the company's legal existence and business operations. The broader market will observe if this move sets a precedent for other closed-end funds seeking similar structural optimizations.

Risk Assessment

Risk Level: low — The risk level is low because the filing explicitly states, "It is not anticipated that the Conversion will constitute a taxable event for the Company or its stockholders." Furthermore, the company's legal existence and performance history will be preserved, and its NYSE listing and ticker symbols will remain unchanged, minimizing disruption.

Analyst Insight

Investors should vote 'FOR' the proposal to approve the conversion. This strategic shift is expected to reduce operating expenses by $100,000 annually and provide greater flexibility for future capital raises, which could positively impact shareholder value.

Key Numbers

• $100,000 — Delaware corporate franchise tax paid (Annual savings expected from conversion, based on 2024 tax year)
• December 17, 2025 — Date of Special Meeting (When stockholders will vote on the conversion proposal)
• 8:00 a.m. — Time of Special Meeting (Eastern Time, for the stockholder vote)
• October 24, 2025 — Record Date (Date for determining stockholders entitled to vote)
• 130,832,939 — Common Stock shares outstanding (As of the Record Date, October 24, 2025)
• 2,172,553 — Series C Preferred Stock shares outstanding (As of the Record Date, October 24, 2025)
• 4,218,232 — Series D Preferred Stock shares outstanding (As of the Record Date, October 24, 2025)
• 2,486,244 — Series F Preferred Stock shares outstanding (As of the Record Date, October 24, 2025)
• 5,275,165 — Series AA Preferred Stock shares outstanding (As of the Record Date, October 24, 2025)
• 297,452 — Series AB Preferred Stock shares outstanding (As of the Record Date, October 24, 2025)

Key Players & Entities

• Eagle Point Credit Company Inc. (company) — Registrant proposing conversion
• Thomas P. Majewski (person) — Chief Executive Officer of Eagle Point Credit Company Inc.
• Courtney Fandrick (person) — Secretary of Eagle Point Credit Company Inc.
• Board of Directors (company) — Approved the Plan of Conversion on September 23, 2025
• EQ Fund Solutions (company) — Proxy solicitation firm, estimated cost $200,000
• Delaware General Corporation Law (regulator) — Current governing law for Eagle Point Credit Company Inc.
• Delaware Statutory Trust Act (regulator) — Proposed governing law for Eagle Point Credit Company
• NYSE (regulator) — Stock exchange where ECCW shares are listed
• Eagle Point Credit Management LLC (company) — Investment adviser to Eagle Point Credit Company Inc.
• Eagle Point Administration LLC (company) — Administrator to Eagle Point Credit Company Inc.

FAQ

Risk Factors

• Conversion to Statutory Trust [medium — legal]: The primary risk is the successful approval and execution of the conversion from a Delaware corporation to a Delaware statutory trust. While the board recommends approval, failure to obtain stockholder consent could halt this strategic initiative. The conversion is not anticipated to be a taxable event, but unforeseen tax implications could arise.
• Operational Flexibility and Efficiency [medium — operational]: The conversion aims to enhance operational flexibility and efficiency. If the new structure as a statutory trust does not yield the expected benefits or introduces new operational complexities, the strategic goals may not be realized, impacting the company's performance.
• Elimination of Delaware Franchise Tax [low — financial]: A key financial benefit is the elimination of the $100,000 annual Delaware corporate franchise tax. Failure to achieve this tax saving would reduce the anticipated financial advantages of the conversion.
• Appraisal Rights for Preferred Stockholders [medium — legal]: Holders of Series AA and Series AB Preferred Stock are entitled to appraisal rights. If a significant number of these stockholders exercise these rights, it could lead to financial outflows and potential legal disputes.

Industry Context

Eagle Point Credit Company Inc. operates within the closed-end fund sector, which is characterized by its investment in credit-related assets. This sector faces ongoing market volatility and interest rate sensitivity. Competitors often seek structural advantages to improve operational efficiency and shareholder value, making legal form conversions a strategic consideration.

Regulatory Implications

The conversion to a Delaware statutory trust is primarily an internal structural change and is not expected to introduce new regulatory burdens. However, the company must ensure compliance with all ongoing SEC and exchange regulations regardless of its legal form.

What Investors Should Do

1. Review the Proxy Statement thoroughly.
2. Vote 'FOR' the Proposal to approve the conversion.
3. Consider exercising appraisal rights if you hold Series AA or Series AB Preferred Stock.
4. Ensure your proxy is submitted by the deadline.

Key Dates

• 2025-09-23: Board of Directors approved the Plan of Conversion — Marks the formal initiation of the conversion process by the company's leadership.
• 2025-10-24: Record Date for stockholder determination — Determines which stockholders are eligible to vote at the Special Meeting.
• 2025-10-29: Proxy materials first sent to stockholders — Initiates the formal solicitation of votes for the conversion proposal.
• 2025-12-17: Special Meeting of Stockholders — The date when stockholders will vote on the proposed conversion to a Delaware statutory trust.

Glossary

Delaware statutory trust

A legal entity structure in Delaware that offers flexibility and is commonly used by registered closed-end funds, distinct from a traditional corporation. (This is the proposed new legal form for Eagle Point Credit Company Inc., offering potential operational and cost benefits.)

Plan of Conversion

The formal document outlining the steps and terms for changing the company's legal structure from a corporation to a statutory trust. (This is the core document approved by the Board and presented to stockholders for approval.)

Appraisal Rights

The legal right of certain stockholders to demand that a court determine the fair value of their shares and to be paid that amount, typically in connection with a merger or conversion. (Applicable to Series AA and Series AB Preferred Stockholders, this could lead to financial claims against the company if exercised.)

Declaration of Trust

The foundational legal document that governs a statutory trust, similar to articles of incorporation for a corporation. (This will be the new governing document for Eagle Point Credit Company Inc. after the conversion.)

Year-Over-Year Comparison

This filing is a proxy statement for a special meeting focused on a corporate restructuring (conversion to a statutory trust), not an annual report comparing financial performance year-over-year. Therefore, direct comparisons of revenue growth, margins, or net income to a previous filing are not applicable in this context. The key financial information highlighted is the expected elimination of the $100,000 annual Delaware corporate franchise tax.

Key Financial Figures

• $0.001 — f the Company's common stock, par value $0.001 per share (the "Common Stock"), the Com
• $200,000 — The estimated cost for such services is $200,000. We have requested that brokers, nomine
• $100,000 — mpany's 2024 tax year, the Company paid $100,000 in Delaware corporate franchise tax (th

Filing Documents

• tm2529548d1_def14a.htm (DEF 14A) — 935KB
• tm2529548d1_coverimg001.jpg (GRAPHIC) — 2KB
• tm2529548d1_def14aimg001.jpg (GRAPHIC) — 208KB
• tm2529548d1_def14aimg002.jpg (GRAPHIC) — 149KB
• 0001104659-25-103753.txt ( ) — 2313KB
• ck0001604174-20251029.xsd (EX-101.SCH) — 7KB
• ck0001604174-20251029_def.xml (EX-101.DEF) — 5KB
• ck0001604174-20251029_lab.xml (EX-101.LAB) — 14KB
• ck0001604174-20251029_pre.xml (EX-101.PRE) — 6KB
• tm2529548d1_def14a_htm.xml (XML) — 18KB

From the Filing

Eagle Point Credit Co Inc - 1604174 - 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) x Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 EAGLE POINT CREDIT COMPANY INC. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): x No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. EAGLE POINT CREDIT COMPANY INC. 600 Steamboat Road, Suite 202 Greenwich, CT 06830 October 29, 2025 Dear Stockholder: You are cordially invited to attend a Special Meeting of Stockholders (the "Meeting") of Eagle Point Credit Company Inc. (the "Company") to be held on December 17, 2025, at 8:00 a.m., Eastern Time, at 600 Steamboat Road, Suite 202, Greenwich, CT 06830. The Notice of the Special Meeting of Stockholders and the Proxy Statement accompanying this letter describe the business to be conducted at the Meeting. At the Meeting, holders of the outstanding shares of the Company's common stock and the outstanding shares of the Company's preferred stock, voting together as a single class, will be asked: 1. To approve a change in the Company's legal form from a Delaware corporation to a Delaware statutory trust; and 2. To transact such other business as may properly come before the Meeting and any adjournments or postponements thereof. The Board recommends voting "FOR" the proposal TO APPROVE A CHANGE IN THE COMPANY'S LEGAL FORM FROM A DELAWARE CORPORATION TO A DELAWARE STATUTORY TRUST. On September 23, 2025, the Board of Directors (the "Board") of the Company approved a Plan of Conversion providing for the Company to convert from a Delaware corporation to a Delaware statutory trust (the "Conversion") and approved the Company's proposed organizational documents under Delaware law. In connection with the Conversion, the Board also approved a name change of the Company. If stockholders approve the Proposal, the Company will be known as the Eagle Point Credit Company. The Board determined that the Conversion is in the best interest of the Company and its stockholders because the Delaware statutory trust form offers a number of advantages over the current Delaware corporate form. It is important that your shares be represented at the Meeting. If you are unable to attend the Meeting in person, please complete, date and sign the enclosed proxy card and promptly return it in the envelope provided. Your vote is important. Sincerely yours, /s/ Thomas P. Majewski Thomas P. Majewski, Chief Executive Officer IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE SPECIAL MEETING OF STOCKHOLDERS TO BE HELD ON DECEMBER 17, 2025 The Proxy Statement and the Annual Report to Stockholders for the fiscal year ended December 31, 2024, are available at www.eaglepointcreditcompany.com . In addition, copies of the Company's most recent annual and semi-annual report, including financial statements, have previously been transmitted to the Company's stockholders. The Company will furnish to any stockholder upon request, without charge, an additional copy of the Company's most recent annual report and semi-annual report to stockholders. Annual reports and semi-annual reports to stockholders may be obtained by writing to Courtney Fandrick, Secretary, Eagle Point Credit Company Inc., 600 Steamboat Road, Suite 202, Greenwich, CT 06830, by calling toll-free (844) 810-6501 or by visiting the Company's website at www.eaglepointcreditcompany.com . The following information applicable to the Meeting is found in the Proxy Statement and accompanying proxy card: The date, time and location of the meeting; A list of the matters intended to be acted on and the recommendation of the Company's Board of Directors regarding those matters; and Any control/identification numbers that you need to access your proxy card, as applicable. NOTICE OF SPECIAL MEETING OF STOCKHOLDERS TO BE HELD ON DECEMBER 17, 2025 EAGLE POINT CREDIT COMPANY INC. 600 Steamboat Road, Suite 202 Greenwich, CT 06830 To the Stockholders of Eagle Point Credit Company Inc. (the "Com

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