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Eagle Point Credit to redeem half of 7.75% preferreds due 2026
By Wendy Van Sickle
Columbus, Ohio, Dec. 1 – Eagle Point Credit Co. Inc. said it will redeem 1,078,383 shares or $26,959,575 of its 7.75% series B term preferred stock due 2026 on Dec. 31, according to a company news release.
The redemption price is $25.00 plus accrued interest to but excluding the redemption date.
The redemption amount represents half of the outstanding series B term preferreds.
The paying agent is American Stock Transfer & Trust Co., LLC.
Eagle Point is a Greenwich, Conn.-based non-diversified, closed-end management investment company that manages a portfolio of CLOs.
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