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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Sep. 25, 8:12 PM

Slide #10. Eagle Point Credit Company Inc. Secondary Offering

Company: Eagle Point Credit Company Inc. (NYSE:ECC)
Date announced: 9/20/2016
Shares Offered: 201,000
Date of Pricing: 9/20/2016
Price Per Share: $17.45
Secondary Offering Details: Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC,NYSE,ECCA,,NYSE,ECCZ) today announced that it has entered into a Securities Purchase Agreement for the sale of 201,000 shares of the Company's common stock, par value $0.001 per share, in a direct placement to a single institutional investor at a price per share of $17.45, which will result in net proceeds to the Company of approximately $3.4 million after payment of estimated offering expenses payable by the Company.

Eagle Point Credit Company is a non-diversified, externally managed closed-end management investment company. Co.'s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. Co. will seek to achieve its investment objectives by investing primarily in equity and junior debt tranches of CLOs that are collateralized by a diverse portfolio consisting primarily of below investment grade U.S. senior secured loans. As of Dec 31 2015, total assets were $268,960,952 and total investments were $234,280,618.
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Company Name:  Eagle Point Credit Company Inc
Sector:  Investment Companies & Venture Capital

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September 25, 2016    8:12 PM Eastern
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