SCHEDULE 13G/A: Karpus Management Discloses 0.11% Stake in Eagle Point Credit Co Inc. Preferred Shares

Karpus Management, Inc., a registered investment adviser, has filed an amended Schedule 13G disclosing its beneficial ownership of 0.11% of Eagle Point Credit Co Inc.'s preferred shares.

Summary

• Karpus Management, Inc., operating as Karpus Investment Management, has filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Eagle Point Credit Co Inc.
• The filing indicates that Karpus Management, Inc. beneficially owns 9,596.00 shares of Eagle Point Credit Co Inc.'s Preferred class of securities.
• This ownership represents 0.11% of the total class of preferred shares.
• Karpus Management, Inc. holds sole voting power and sole dispositive power over all 9,596.00 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.
• Karpus Management, Inc. is a registered investment adviser controlled by City of London Investment Group plc (CLIG), but maintains effective informational barriers ensuring independent exercise of voting and investment power.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership. It does not contain information that would significantly sway sentiment positively or negatively regarding the issuer's performance or outlook.

Positives

• The filing indicates a continued, albeit small, investment by a registered investment adviser in Eagle Point Credit Co Inc.'s preferred shares, suggesting ongoing confidence in this specific security class.

Negatives

• The disclosed ownership stake of 0.11% is very small and unlikely to have a significant impact on the company's governance or share price.

Risks

• The document itself does not detail specific risks related to Eagle Point Credit Co Inc. or its operations, as it is a disclosure of beneficial ownership by an investor.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Eagle Point Credit Co Inc.'s future performance or strategic direction, as it is a disclosure of beneficial ownership by an external investment adviser.

Industry Context

This Schedule 13G filing is a routine disclosure by an institutional investor, Karpus Management, Inc., indicating its passive beneficial ownership in Eagle Point Credit Co Inc. Such filings are common in the investment management industry, providing transparency on significant ownership stakes, particularly those below the 5% threshold that would trigger a Schedule 13D filing (which implies intent to influence control). This specific filing is an amendment, suggesting a change in the previously reported ownership or a periodic update.

Stakeholder Impact

• Shareholders: Provides transparency regarding a small institutional ownership stake in the company's preferred shares, confirming a passive investment approach by Karpus Management, Inc.

Key Dates

Keywords

Eagle Point Credit Co Inc., Karpus Management Inc., Schedule 13G, Beneficial Ownership, Preferred Shares, Investment Adviser, SEC Filing, Financial Disclosure, Investment Management