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ECC
NYSE Unknown

Eagle Point Credit Company Completes Conversion to Delaware Statutory Trust

Analysis by Arik Shkolnikov
Sentiment info
Neutral
Importance info
7
Price
$4.03
Mkt Cap
$534.124M
52W Low
$3.46
52W High
$7.995
Market data snapshot near publication time

summarizeSummary

Eagle Point Credit Company has completed its conversion from a Delaware corporation to a Delaware statutory trust, effective May 22, 2026, changing its legal structure and updating its governing documents.


check_boxKey Events

  • Legal Entity Conversion

    Eagle Point Credit Company Inc. converted from a Delaware corporation to Eagle Point Credit Company, a Delaware statutory trust.

  • Effective Date

    The conversion became effective on May 22, 2026.

  • Share Class Change

    Common stock and preferred stock were converted into common and preferred shares of beneficial interest, respectively.

  • Governance Structure

    The Board of Directors transitioned to a Board of Trustees, with existing leadership maintaining their positions.


auto_awesomeAnalysis

This filing announces the legal conversion of Eagle Point Credit Company Inc. from a Delaware corporation to a Delaware statutory trust, effective May 22, 2026. This change in corporate structure involves the conversion of common and preferred stock into corresponding shares of beneficial interest and updates the company's governing documents, including the Declaration of Trust and Bylaws. The Board of Directors will now function as the Board of Trustees, with existing officers and board members retaining their roles.

At the time of this filing, ECC was trading at $4.03 on NYSE in the Unknown sector, with a market capitalization of approximately $534.1M. The 52-week trading range was $3.46 to $8.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.

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