Eagle Point Credit Co Inc. 8-K
Research Summary
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Eagle Point Credit Co Inc. Converts to Delaware Statutory Trust
What Happened Eagle Point Credit Co Inc. announced it will convert from a Delaware corporation to a Delaware Statutory Trust (the “Conversion”), effective May 22, 2026, and will change its name to Eagle Point Credit Company. The Conversion was approved by stockholders at a special meeting on March 12, 2026, and by the board in accordance with Delaware law. On the Effective Date, each outstanding common share will become one common share of beneficial interest and each outstanding preferred share will convert to one preferred share of beneficial interest of the corresponding series.
Key Details
- Effective date of Conversion and name change: May 22, 2026.
- Stockholder approval date: March 12, 2026.
- Conversion ratio: 1-for-1 conversion of common and preferred shares into corresponding shares of beneficial interest.
- Trading/listing: Common shares and listed preferred shares/notes will continue trading on the NYSE under the same tickers without interruption — ECC (common), ECCC (6.50% Series C Term Preferred due 2031), ECC PRD (6.75% Series D Preferred), ECCU (7.75% Notes due 2030), ECCV (5.375% Notes due 2029).
- No action required by stockholders or holders of the listed notes.
Why It Matters This filing notifies investors that Eagle Point is changing its legal form and corporate name while preserving the trading continuity of its equity and listed debt. Holdings will convert automatically on a 1:1 basis, so investors do not need to take action, but they should note the change in corporate structure and review the company’s filings for any governance, tax or regulatory details and associated risks. The 8-K also includes standard forward‑looking statements disclaimers.
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