Eagle Point Credit Company Inc. Announces First Quarter 2016 Estimate of NII between $0.60 and $0.62 Per Share of Common Stock and Plan to Publish Such Estimates Going Forward

GREENWICH, Conn.--()--Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, NYSE:ECCA, NYSE:ECCZ) has today announced the Company’s unaudited estimate of the range of (1) its net investment income (“NII”) per share of common stock for the quarter ended March 31, 2016, and (2) its net asset value (“NAV”) per share of common stock as of March 31, 2016.

Based on preliminary results, the Company’s unaudited estimate of NII per share of common stock for the first quarter of 2016 was between $0.60 and $0.62, and the Company’s unaudited estimate of NAV per share as of March 31, 2016 was between $12.97 and $13.07.

The range of estimated NAV per share reflects a reduction for the Company’s previously declared distribution of $0.60 per share of common stock, which is carried as a liability until paid. This distribution is payable on April 29, 2016 to stockholders of record as of March 31, 2016.

These estimated ranges reflect management’s preliminary estimate for the period ending March 31, 2016, are announced for information purposes only, and are subject to revision when the Company’s quarter-end financial results and NAV are finally accepted by the Company’s board of directors.

While the Company regularly publishes management’s estimated range of NAV per share of common stock on its website (www.eaglepointcreditcompany.com) each month, the publication of the Company’s estimated range of its NII per share of common stock for the first quarter represents the first time the Company has published such an estimate. Going forward, and as noted in the Company’s 2015 letter to stockholders that accompanied the Company’s annual report for the fiscal year ended December 31, 2015, the Company intends to publish management’s estimate of the range of NII per share of common stock on its website in connection with its publication of the estimated range of the Company’s month-end NAV coinciding with each calendar quarter-end. Such estimates of NII per share will generally be made available within the first fifteen days after each calendar quarter end and updated on the website, if applicable, during the latter part of the applicable month.

ABOUT EAGLE POINT CREDIT COMPANY

The Company is a non-diversified, closed-end management investment company. The Company’s investment objectives are to generate high current income and capital appreciation primarily through investment in equity and junior debt tranches of collateralized loan obligations. The Company is externally managed and advised by Eagle Point Credit Management LLC. The principals of Eagle Point Credit Management LLC are Thomas P. Majewski, Daniel W. Ko and Daniel M. Spinner. The Company makes certain unaudited portfolio information available each month on its website in addition to making certain other unaudited financial information available on its website (www.eaglepointcreditcompany.com). This information includes (1) an estimated range of the Company’s NAV per share of common stock for the prior month end and, with respect to each calendar quarter end, an estimated range of the Company’s NII per share of common stock for the applicable quarter, generally made available within the first fifteen days after each calendar month end, and (2) during the latter part of each month, certain additional portfolio-level information, an updated estimate of NAV, if applicable, and, with respect to each calendar quarter end, an updated estimate of the Company’s NII for the applicable quarter, if applicable.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”). The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Source: Eagle Point Credit Company Inc.

Contacts

Investor Relations:
Eagle Point Credit Company Inc.
Kenneth P. Onorio, 203-340-8500
Chief Financial Officer
IR@EaglePointCredit.com
www.eaglepointcreditcompany.com

Contacts

Investor Relations:
Eagle Point Credit Company Inc.
Kenneth P. Onorio, 203-340-8500
Chief Financial Officer
IR@EaglePointCredit.com
www.eaglepointcreditcompany.com