Eagle Point Credit Co Inc Series C Pfd 2024年度报告

FORMN-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTEREDMANAGEMENT INVESTMENT COMPANIES Investment Company Act File Number:811-22974 Eagle Point Credit Company Inc.(Exact name of registrant as specified in charter) 600 Steamboat Road, Suite202Greenwich, CT 06830(Address of principal executive offices) (Zip code) Thomas P. Majewskic/o Eagle Point Credit Company Inc.600 Steamboat Road, Suite202Greenwich, CT 06830(Name and address of agent for service) Copies to Thomas J. FriedmannPhilip HinkleDechert LLPOne International Place, 40thFloor100 Oliver StreetBoston, MA 02110(617) 728-7120 Registrant’s telephone number, including area code:(203) 340-8500 Date of fiscal year end:December31 Date of reporting period:December 31, 2024 FormN-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission tostockholders of any report that is required to be transmitted to stockholders under Rule30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1).The Commission may use the information provided on FormN-CSR in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by FormN-CSR, and the Commission will make this information public. A registrant is notrequired to respond to the collection of information contained in FormN-CSR unless the Formdisplays a currently valid Office of Management and Budget(“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing theburden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of informationunder the clearance requirements of 44 U.S.C. § 3507. Item 1.Report to Stockholders The Annual Report to stockholders of Eagle Point Credit Company Inc. (the “Company”) for the year ended December31, 2024 is filed herewith. Eagle Point Credit Company Inc.Annual Report – December 31, 2024 Table of Contents Letter to Stockholders and Management Discussion of Company PerformanceImportant Information about this Report and Eagle Point Credit Company Inc.Performance DataSummary of Certain Unaudited Portfolio CharacteristicsFees and Expenses (Unaudited)Consolidated Financial Statements for the Year Ended December31, 2024 (Audited)Price Range of Common StockDividend Reinvestment PlanAdditional Information LSMDCP February20, 2025 Dear Fellow Stockholders: We are pleased to provide you with the enclosed report of Eagle Point Credit Company Inc. (“we”, “us”, “our”, or the “Company”) forthe fiscal year ended December31, 2024. The Company is a closed-end management investment company registered under the Investment Company Act of 1940, as amended(the “1940 Act”) and is advised by Eagle Point Credit Management LLC (the “Adviser”). The Company’s primary investment objectiveis to generate high current income, with a secondary objective to generate capital appreciation. We seek to achieve these objectives byinvesting primarily in equity and junior debt tranches of collateralized loan obligations (“CLOs”). We may also invest in other securitiesor instruments that are related investments or that are consistent with our investment objectives. For the year ended December31, 2024, the Company recorded an increase in net assets resulting from operations of $80.3 million, or$0.83 per weighted average common share.1This represents a GAAP return on common equity of 10.1% during the year.2TheCompany’s GAAP net investment income less net realized capital losses was $0.80 per weighted average common share (excludingunrealized appreciation/depreciation). During 2024, our portfolio generated recurring cash flows of $2.88 per share and we paid $1.92per share in cash distributions to our common stockholders. The Company’s net asset value (“NAV”) per common share as ofDecember31, 2024 was $8.38, compared to $9.21 as of December31, 2023. During 2024, we: ◾Received strong and consistent cash flows from our investment portfolio in excess of expenses and common stockdistributions.◾Paid an aggregate monthly common distribution of $0.16 per share (consisting of our regular monthly distributions of $0.14 percommon share and variable supplemental monthly distributions of $0.02 per common share) throughout 2024.3An investorwho purchased common stock as part of our IPO at $20.00 per share and held their position through December31, 2024 hasreceived total cash distributions of $21.91 per share, over 100% of their initial investment through cash distributions while stillretaining ownership in the Company. A certain portion of these distributions was comprised of a return of capital.4◾Completed 36 resets and 5 refinancings of CLOs in our portfolio. The resets each created new 5-year reinvestment periods forthose CLOs and typically reduced those