SCHEDULE: Karpus Management Discloses 4.26% Stake in Eagle Point Preferred

Karpus Management, Inc. has reported a 4.26% beneficial ownership stake in the preferred securities of Eagle Point Credit Co Inc. as of September 30, 2025.

Summary

• Karpus Management, Inc., operating as Karpus Investment Management, has filed a Schedule 13G indicating beneficial ownership of preferred securities in Eagle Point Credit Co Inc.
• The filing reports ownership of 76,710.00 shares, representing 4.26% of the class of preferred securities.
• Karpus Management, Inc. holds sole voting and dispositive power over all 76,710.00 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• Karpus Management, Inc. is a registered investment adviser and is controlled by City of London Investment Group plc, though informational barriers ensure independent exercise of voting and investment power.

Sentiment

Score: 6

Explanation: The filing is a neutral disclosure of an institutional ownership stake. The presence of a significant institutional investor can be seen as a minor positive signal for the preferred shares, but it does not provide new operational or financial performance data for the issuer.

Positives

• A significant institutional investor, Karpus Management, Inc., has taken a notable position in Eagle Point Credit Co Inc.'s preferred shares, potentially indicating confidence in the issuer's preferred stock.
• Karpus Management, Inc. is a registered investment adviser, suggesting a professional and strategic investment approach.

Future Outlook

The filing is a disclosure of current ownership and does not provide forward-looking statements or guidance from the issuer or the reporting person regarding the issuer's future performance.

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

Schedule 13G filings are routine disclosures by institutional investors who acquire more than 5% of a company's stock (or in this case, preferred stock) but do not intend to influence control. This filing indicates a passive investment by Karpus Management, Inc. in Eagle Point Credit Co Inc.'s preferred shares, which are typically less volatile than common stock and offer fixed income streams. This type of filing is common for investment advisers managing client portfolios.

Comparison to Industry Standards

• This Schedule 13G filing adheres to standard regulatory requirements for institutional investors, such as Karpus Management, Inc. (an investment adviser), reporting beneficial ownership of securities.
• The reported 4.26% stake in preferred shares is below the 5% threshold that typically triggers a more detailed Schedule 13D filing, which implies an intent to influence control. This indicates a passive investment approach, consistent with the nature of a 13G filing by a qualified institutional investor under Rule 13d-1(b).
• Without specific financial or operational data from Eagle Point Credit Co Inc. within this filing, a direct comparison of performance metrics to industry peers or specific projects is not applicable. The filing focuses solely on ownership disclosure.

Stakeholder Impact

• Shareholders (Preferred): The disclosure of a significant institutional holder may provide some confidence in the liquidity and valuation of the preferred shares.
• Shareholders (Common): Indirectly, a stable preferred share base can be seen as positive for the overall capital structure.

Key Dates

Keywords

Eagle Point Credit Co Inc., Karpus Management Inc., Preferred Stock, Schedule 13G, Institutional Ownership, Investment Adviser, SEC Filing, Beneficial Ownership