Eagle Point Credit Company Declares First Quarter Distributions
Eagle Point Credit Company Inc. (NYSE: ECC) has recently made an exciting announcement regarding the distribution of earnings for its shareholders. This news provides shareholders with an opportunity to benefit from consistent returns.
Details on Common Stock Distributions
In the first quarter of 2025, the Company is distributing three separate monthly payments of $0.14 per share for its common stock. This structured approach allows shareholders to anticipate regular income from their investments.
Distribution Schedule
The payment schedule for these distributions is as follows:
- $0.14 payable on January 31, 2025, with a record date of January 13, 2025.
- $0.14 payable on February 28, 2025, with a record date of February 10, 2025.
- $0.14 payable on March 31, 2025, with a record date of March 11, 2025.
Preferred Stock Distribution Announcements
The Company is also thrilled to declare distributions on its various preferred stocks. Specifically, holdings in the 6.50% Series C Term Preferred Stock, the 6.75% Series D Preferred Stock, and the 8.00% Series F Term Preferred Stock will be rewarded as follows:
Preferred Stock Payment Breakdown
This is the announcement for each preferred stock type:
- For the Series C Term Preferred Stock, shareholders will receive $0.135417 per share.
- For the Series D Preferred Stock, a distribution of $0.140625 per share is confirmed.
- For the Series F Term Preferred Stock, the amount will be $0.166667 per share.
Convertible Preferred Stock Distributions
Moreover, Eagle Point Credit Company has declared monthly distributions of $0.145834 for its 7.00% Series AA and Series AB Convertible Preferred Stocks. This reflects the Company’s commitment to providing valuable returns to all equity holders.
Convertible Preferred Payment Dates
The record and payable dates for these distributions mirror the common stock distributions, allowing for synchronicity in shareholder returns:
- Record dates include January 13, February 10, and March 11, 2025.
- Payable dates include January 31, February 28, and March 31, 2025.
Understanding the Tax Characteristics
The distributions on common and preferred stocks are generally derived from net investment income, which includes regular interest and dividends. Shareholders should expect to receive detailed tax information on Form 1099 after the conclusion of the 2025 tax year.
The current expected taxable income for the ongoing tax year is projected to be fully distributed, maintaining the integrity and reliability of the Company’s contribution to shareholders.
About Eagle Point Credit Company
Eagle Point Credit Company is a non-diversified closed-end management investment firm. Its primary goal is to deliver high current income, accompanied by a secondary aim of capital appreciation. This is largely achieved through investments in equity and junior debt portions of Collateralized Loan Obligations (CLOs). The Company operates under the expert guidance of Eagle Point Credit Management LLC, ensuring effective management of its investment portfolio.
Eagle Point Credit Company actively publishes portfolio information on its official channels for investors. This transparency supports informed decision-making by providing insights into income and capital gains expectations.
Frequently Asked Questions
What are the distribution amounts for common stock in Q1 2025?
The distributions for common stock will be $0.14 per share each month for January, February, and March 2025.
When are the record and payable dates for the common stock distributions?
Record dates are January 13, February 10, and March 11, 2025, while payable dates are January 31, February 28, and March 31, 2025.
What is the annual rate for the Series C Term Preferred Stock?
The Series C Term Preferred Stock has an annual distribution rate of 6.50% based on a $25 liquidation preference per share.
How does the Company ensure transparency with investors?
The Company provides regular updates on its financial and portfolio status through its official communications, promoting investor awareness.
Who manages Eagle Point Credit Company's investments?
Eagle Point Credit Management LLC is responsible for managing the investment strategies and operations of the Company.
