ECCV Eagle Point Credit Co Inc.
Price Chart
Executive Summary
Eagle Point Credit Co Inc. filed a 424B5 prospectus supplement disclosing its conversion from a Delaware corporation to a Delaware Statutory Trust, effective May 22, 2026. The conversion is a structural change with no material financial impact, and the filing also notes the automatic application of a Delaware control share acquisition statute to the company's listed closed-end fund structure.
Actionable Insight
This is a routine structural conversion with no immediate trading catalyst. Monitor for any future shareholder actions related to the control share statute, but no price action expected from this filing alone.
Key Facts
- Company converted from a Delaware corporation to a Delaware Statutory Trust on May 22, 2026.
- Name changed to Eagle Point Credit Company; each outstanding common share converted into one common share of beneficial interest; each preferred share converted into one preferred share of beneficial interest with same terms.
- Common shares continue trading on NYSE under ECC; Series C Term Preferred (ECCC) and Series D Preferred (ECC PRD) continue trading unchanged.
- Company is now subject to Delaware's control share acquisition statute, which imposes voting power thresholds (10% to majority) and requires shareholder approval for control share voting rights.
- Board determined the conversion is in the best interests of the company and shareholders; no exemptions to the control share statute have been granted.
- No new offering, pricing, or financial data disclosed in this supplement.
Financial Impact
No financial figures disclosed; structural conversion only.
Risk Factors
- Uncertainty around application of state control share statutes under the Investment Company Act of 1940 could lead to legal challenges.
- Control share statute may deter activist investors or large stake accumulations, potentially limiting liquidity or takeover premium.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001104659-26-065768 |
| Document: 0001104659-26-065768-index-headers.html | 0001104659-26-065768 |
| Document: 0001104659-26-065768-index.html | 0001104659-26-065768 |
| Document: 0001104659-26-065768.txt | 0001104659-26-065768 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
3d ago
|
8-K
| $23.99 awaiting T+5 | awaiting T+5 | — | $23.90 (−0.38%) |
|
May 22, 2026
21d ago
|
424B5
| $24.01 $24.09 | ▲ +0.35% | ▼ −0.86% | $23.90 (−0.44%) |
US Market Status
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