ECC - Eagle Point Credit Co

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. May 22, 2026

   The fund said it may sell new shares.

   Original document →

2. May 14, 2026

   Karpus filed an updated notice; it still owns 5.8% of the fund's preferred shares, not the common shares most holders own.

   Original document →

3. May 14, 2026

   Karpus cut its stake to 16.9% of the fund's preferred shares (from 17%), not the common shares most holders own.

   Original document →

4. April 7, 2026

   The fund said it will repay some borrowed money.

   Original document →

5. April 6, 2026

   The fund said it will repay some borrowed money on May 8, 2026.

   Original document →

About this fund

• Run by Eagle Point Credit Management LLC. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $599 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 47% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 58% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• The fund's own example of what borrowing does: in a year in which the holdings returned -10%, a share would return about -23.1%; at +10%, about +12.4%. As of Dec 31, 2025, from the fund's annual report. Original document →
• Costs: 6.1% a year in management fees; 10.9% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Among the 90 funds we follow that invest in bonds, 88 charge a lower management fee and 84 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $98 in the first year and about $795 over 10 years, assuming the holdings return 5% a year. As of Dec 31, 2025, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $1.68 a share. $0.76 of that was income; $0.92 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $5.70. The shares traded at $5.76, about 1.1% above that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 11% below to 26.4% above. As of Dec 31, 2025, from the fund's annual report. Original document →
• How the holdings did: up 3.5% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2014.

How this has changed

• Payouts per share: $1.68 in the fiscal year ended Dec 31, 2025; $1.92 in the year ended Dec 31, 2024; $1.86 in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.92 in the year ended Dec 31, 2025; $0.10 in the year ended Dec 31, 2024; none in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 9.21% a year in the fiscal year ended Dec 31, 2025; 8.58% a year in the year ended Dec 31, 2024; 8.51% a year in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $751 million at Dec 31, 2025; $937 million at Dec 31, 2024; $708 million at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 31, 2023 →.
• Borrowing: about 46% on top of its own money at Dec 31, 2025; 38% at Dec 31, 2024; 26% at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 31, 2023 →.

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Dec 31, 2025: the shares returned -18%, counting payouts. As of Dec 31, 2025, from the fund's annual report. Original document →
• The year ended Dec 31, 2024: the shares returned +14.7%, counting payouts. As of Dec 31, 2024, from the fund's annual report. Original document →
• The year ended Dec 31, 2023: the shares returned +18.9%, counting payouts. As of Dec 31, 2023, from the fund's annual report. Original document →
• The year ended Dec 31, 2022: the shares returned -11.6%, counting payouts. As of Dec 31, 2022, from the fund's annual report. Original document →
• The year ended Dec 31, 2021: the shares returned +51.6%, counting payouts. As of Dec 31, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +49.9%. $10,000 of shares bought at the start (Jan 1, 2021) would have become about $15,000 by Dec 31, 2025, with every payout counted, before tax. As of Dec 31, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: -36.4%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Of the 75 funds that invest in bonds with a fiscal year ending within six months of this one, 73 reported a higher share return for that year and 1 a lower one. As of Dec 31, 2025, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly asset-backed bonds (66%), the rest loans, shares and bonds. About 35% issued in the U.S.

1. Nexus Apex Holdings, LLC, Senior Secured Loan - 15.7%
2. Steamboat Credit Opportunities I LLC, Common Units - 12.8%
3. Alp Cfo 2025, L.P., Subordinated Note - 3.2%
4. Clonkeen Park CLO DAC, Subordinated Note - 2.9%
5. Madison Park Funding XL-R, Ltd., Income Note - 2.8%
6. Lake George Park CLO, Ltd., Income Note - 2.3%
7. Ares LXXIV CLO Ltd., Subordinated Note - 2.3%
8. Blackstone Blackthorn Park DAC, Subordinated Note - 2.2%
9. AMMC CLO 28, Limited, Subordinated Note - 2%
10. Delta Leasing SPV III, LLC, Senior Secured Note - 2%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →