Eagle Point Credit Company Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Eagle Point Credit Company Inc. on July 30, 2024. The filing reports the declaration of cash distributions on the company's common stock.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. The primary financial disclosure relates to shareholder distributions:
- Regular Distributions: $0.14 per share declared for three consecutive months.
- Supplemental Distributions: $0.02 per share declared for three consecutive months.
- Total Monthly Distribution: $0.16 per share.
Material Changes
The filing does not disclose material changes to financial performance or operations compared to prior periods. It solely announces the scheduled distribution payments.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of unusual items. The document is limited to the announcement of the distribution schedule.
Investor Verification Checklist
- Payment Dates: Verify distribution payments on October 31, November 29, and December 31, 2024.
- Record Dates: Confirm stock ownership by October 11, November 12, and December 11, 2024, respectively.
- Dividend Yield: Calculate the annualized yield based on the $0.16 monthly total against the current share price.
- Preferred Stock: Note the existence of multiple series of preferred stock and notes listed on the NYSE, though no specific actions regarding them are detailed in this report.