M A R C H 3 1 , 2 0 2 4 C O N S O L I D A T E D F I N A N C I A L S T A T E M E N T S ( U N A U D I T E D )

NYSE: ECC

Important Information

This report is transmitted to the stockholders of Eagle Point Credit Company Inc. ("we", "us", "our" or the "Company"). This report and the information and views included herein do not constitute investment advice, or a recommendation or an offer to enter into any transaction with the Company or any of its affiliates. This report is provided for informational purposes only, does not constitute an offer to sell securities of the Company or a solicitation of an offer to purchase any such securities, and is not a prospectus. From time to time, the Company may have a registration statement relating to one or more of its securities on file with the Securities and Exchange Commission ("SEC"). Any registration statement that has not yet been declared effective by the SEC, and any prospectus relating thereto, is not complete and may be changed. Any securities that are the subject of such a registration statement may not be sold until the registration statement filed with the SEC is effective.

The information and its contents are the property of Eagle Point Credit Management LLC (the "Adviser") and/or the Company. Any unauthorized dissemination, copying or use of this presentation is strictly prohibited and may be in violation of law. This presentation is being provided for informational purposes only.

Investors should read the Company's prospectus and SEC filings (which are publicly available on the EDGAR Database on the SEC website at http://www.sec.gov) carefully and consider their investment goals, time horizons and risk tolerance before investing in the Company. Investors should consider the Company's investment objectives, risks, charges and expenses carefully before investing in securities of the Company, as described in the prospectus. There is no guarantee that any of the goals, targets or objectives described in this report will be achieved.

An investment in the Company is not appropriate for all investors. The investment program of the Company is speculative, entails substantial risk and includes investment techniques not employed by traditional mutual funds. An investment in the Company is not intended to be a complete investment program. Shares of closed-end investment companies, such as the Company, frequently trade at a discount from their net asset value ("NAV"), which may increase investors' risk of loss. Past performance is not indicative of, or a guarantee of, future performance. The performance and certain other portfolio information quoted herein represents information as of March 31, 2024. Nothing herein shall be relied upon as a representation as to the future performance or portfolio holdings of the Company. Investment return and principal value of an investment will fluctuate, and shares, when sold, may be worth more or less than their original cost. The Company's performance is subject to change since the end of the period noted in this report and may be lower or higher than the performance data shown herein.

Neither the Adviser nor the Company provides legal, accounting or tax advice. Any statement regarding such matters is explanatory and may not be relied upon as definitive advice. Investors should consult with their legal, accounting and tax advisers regarding any potential investment. The information presented herein is as of the dates noted and is derived from financial and other information of the Company, and, in certain cases, from third party sources and reports (including reports of third party custodians, CLO collateral managers and trustees) that have not been independently verified by the Company. As noted herein, certain of this information is estimated and unaudited, and therefore subject to change. The Company does not represent that such information is accurate or complete, and it should not be relied upon as such. This report does not purport to be complete and no obligation to update or revise any information herein is being assumed.

About Eagle Point Credit Company Inc.

The Company is a publicly-traded,non-diversified,closed-end management investment company. The Company's primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in equity and junior debt tranches of CLOs. The Company is externally managed and advised by Eagle Point Credit Management LLC. The Company makes certain unaudited portfolio information available each month on its website in addition to making certain other unaudited financial information available on its website (www.eaglepointcreditcompany.com). This information includes (1) an estimated range of the Company's net investment income ("NII") and realized capital gains or losses per share of common stock for each calendar quarter end, generally made available within the first fifteen days after the applicable calendar month end,

  1. an estimated range of the Company's net asset value ("NAV") per share of common stock for the prior month end and certain additional portfolio-level information, generally made available within the first fifteen days after the

applicable calendar month end, and (3) during the latter part of each month, an updated estimate of NAV, if applicable, and, with respect to each calendar quarter end, an updated estimate of the Company's NII and realized capital gains or losses per share for the applicable quarter, if available.

Forward-Looking Statements

This report may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this report may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this report.

Table of Contents

Consolidated Statement of Assets and Liabilities

1

Consolidated Schedule of Investments

2

Consolidated Statement of Operations

7

Consolidated Statement of Comprehensive Income

8

Consolidated Statements of Operations

9

Consolidated Statements of Changes in Net Assets

10

Consolidated Statement of Cash Flows

11

Notes to Consolidated Financial Statements

12

Consolidated Financial Highlights

36

Supplemental Information

39

Eagle Point Credit Company Inc. & Subsidiaries

Consolidated Statement of Assets and Liabilities

As of March 31, 2024

(expressed in U.S. dollars)

(Unaudited)

ASSETS

Investments, at fair value (cost $1,128,892,867) (1)

$

992,861,992

Cash and cash equivalents (restricted cash of $1,250,000)

63,863,395

Unrealized appreciation on forward currency contracts

465,817

Interest receivable

34,967,789

Receivable for shares of common stock issued pursuant to the Company's dividend reinvestment plan

1,440,134

Excise tax refund receivable

727,015

Receivable for securities sold

225,011

Dividend receivable

41,392

Prepaid expenses

698,456

Total Assets

1,095,291,001

LIABILITIES

6.6875% Unsecured Notes due 2028, at fair value under the fair value option (aggregate principal amount of $32,423,800) (Note 8)

31,645,629

5.375% Unsecured Notes due 2029, at fair value under the fair value option (aggregate principal amount of $93,250,000) (Note 8)

84,186,100

6.75% Unsecured Notes due 2031, at fair value under the fair value option (aggregate principal amount of $44,850,000) (Note 8)

42,893,284

6.50% Series C Term Preferred Stock due 2031 (Note 7):

6.50% Series C Term Preferred Stock due 2031, at fair value under the fair value option (2,172,553 shares outstanding)

47,600,636

Unamortized share issuance premium associated with 6.50% Series C Term Preferred Stock due 2031

24,097

6.50% Series C Term Preferred Stock due 2031, at fair value, plus associated unamortized share issuance premium

47,624,733

8.00% Series F Term Preferred Stock due 2029 (Note 7):

8.00% Series F Term Preferred Stock due 2029, at fair value under the fair value option (2,056,772 shares outstanding)

51,337,029

Unamortized share issuance premium associated with 8.00% Series F Term Preferred Stock due 2029

1,413

8.00% Series F Term Preferred Stock due 2029, at fair value, plus associated unamortized share issuance premium

51,338,442

Unrealized depreciation on forward currency contracts

33,348

Payable for securities purchased

10,490,828

Incentive fee payable

6,785,131

Management fee payable

3,804,325

Professional fees payable

753,350

Administration fees payable

358,542

Directors' fees payable

99,375

Tax expense payable

24,950

Due to affiliates

1,720

Other expenses payable

98,851

Total Liabilities

280,138,608

TEMPORARY EQUITY

6.75% Series D Preferred Stock (1,473,782 shares outstanding) (Note 7)

33,676,923

COMMITMENTS AND CONTINGENCIES (Note 10)

NET ASSETS applicable to common stock, $0.001 par value, 100,000,000 shares authorized, 85,301,892 shares issued and outstanding

$

781,475,470

NET ASSETS consist of:

Paid-in capital (Note 6)

$

1,012,873,030

Aggregate distributable earnings (losses)

(225,493,432)

Accumulated other comprehensive income (loss)

(5,904,128)

Total Net Assets

$

781,475,470

Net asset value per share of common stock

$

9.16

(1) Includes $12,343,196 of affiliated investments at fair value (cost $12,129,844). See Note 5 "Related Party Transactions" for further discussion.

See accompanying notes to the consolidated financial statements

1

Eagle Point Credit Company Inc. & Subsidiaries

Consolidated Schedule of Investments

As of March 31, 2024

(expressed in U.S. dollars)

(Unaudited)

Acquisition

Principal Amount /

% of Net

Issuer ⁽¹⁾

Investment Description

Date ⁽²⁾

Shares

Cost

Fair Value ⁽³⁾

Assets

Investments at fair value ⁽⁵⁾

CLO Debt ⁽⁴⁾

Structured Finance

United States

522 Funding CLO 2017-1(A), Ltd.

Secured Note - Class E-R, 12.78% (3M SOFR + 7.46%, due 10/20/2034) ⁽⁶⁾

09/19/23

$

2,000,000

$

1,845,072

$

1,868,600

0.24%

AGL CLO 13 Ltd.

Secured Note - Class E, 12.08% (3M SOFR + 6.76%, due 10/20/2034) ⁽⁶⁾

06/14/23

5,950,000

5,656,381

5,927,985

0.76%

AGL CLO 5 Ltd.

Secured Note - Class E-R, 12.03% (3M SOFR + 6.71%, due 07/20/2034) ⁽⁶⁾

08/22/23

10,050,000

9,584,133

10,029,900

1.28%

Allegany Park CLO, Ltd.

Secured Note - Class E-R, 11.72% (3M SOFR + 6.40%, due 01/20/2035) ⁽⁶⁾

06/28/23

6,000,000

5,427,954

5,831,400

0.75%

AMMC CLO 24, Limited

Secured Note - Class E, 12.15% (3M SOFR + 6.83%, due 01/20/2035) ⁽⁶⁾

08/01/23

1,500,000

1,418,200

1,453,200

0.19%

Ares XLIII CLO Ltd.

Secured Note - Class E-R, 12.44% (3M SOFR + 7.12%, due 07/15/2034) ⁽⁶⁾

11/29/23

1,650,000

1,569,507

1,619,805

0.21%

Ares LXI CLO Ltd.

Secured Note - Class F-R, 13.35% (3M SOFR + 8.00%, due 04/20/2037) ⁽⁶⁾

03/27/24

269,700

269,700

269,700

0.03%

Bain Capital Credit CLO 2019-3, Limited

Secured Note - Class E-R, 12.68% (3M SOFR + 7.36%, due 10/21/2034) ⁽⁶⁾

06/06/23

7,300,000

6,498,630

6,997,780

0.90%

Bain Capital Credit CLO 2021-1, Limited

Secured Note - Class E, 12.06% (3M SOFR + 6.76%, due 04/18/2034) ⁽⁶⁾

06/08/23

5,600,000

5,012,368

5,402,320

0.69%

Bain Capital Credit CLO 2021-5, Limited

Secured Note - Class E, 12.08% (3M SOFR + 6.76%, due 10/23/2034) ⁽⁶⁾

12/08/23

500,000

468,166

484,150

0.06%

Barings CLO Ltd. 2019-III

Secured Note - Class E-R, 12.28% (3M SOFR + 6.96%, due 04/20/2031) ⁽⁶⁾

06/06/23

4,500,000

4,013,820

4,492,350

0.57%

Barings CLO Ltd. 2022-I

Secured Note - Class E, 12.31% (3M SOFR + 7.00%, due 04/15/2035) ⁽⁶⁾

03/18/22

4,450,000

4,120,991

4,159,860

0.53%

Battalion CLO XXI Ltd.

Secured Note - Class E, 12.04% (3M SOFR + 6.72%, due 07/15/2034) ⁽⁶⁾

06/27/23

1,500,000

1,212,427

1,376,850

0.18%

Carlyle US CLO 2021-1, Ltd.

Secured Note - Class D, 11.58% (3M SOFR + 6.26%, due 04/15/2034) ⁽⁶⁾

02/02/21

1,250,000

1,240,031

1,239,125

0.16%

Carlyle US CLO 2021-5, Ltd.

Secured Note - Class E, 11.83% (3M SOFR + 6.51%, due 07/20/2034) ⁽⁶⁾

08/18/23

1,675,000

1,607,013

1,674,833

0.21%

Carlyle US CLO 2021-10, Ltd.

Secured Note - Class E, 12.08% (3M SOFR + 6.76%, due 10/20/2034) ⁽⁶⁾

03/27/24

8,075,000

7,971,618

8,062,080

1.03%

Carlyle US CLO 2024-1, Ltd.

Secured Note - Class E, 12.21% (3M SOFR + 6.92%, due 04/15/2037) ⁽⁶⁾

01/26/24

2,650,000

2,636,828

2,633,835

0.34%

CarVal CLO II Ltd.

Secured Note - Class E-R, 12.15% (3M SOFR + 6.83%, due 04/20/2032) ⁽⁶⁾

09/06/23

2,587,000

2,473,719

2,574,065

0.33%

CBAM 2017-1, Ltd.

Secured Note - Class E, 12.08% (3M SOFR + 6.76%, due 07/20/2030) ⁽⁶⁾

03/27/24

5,000,000

4,998,750

4,994,000

0.64%

CIFC Funding 2015-III, Ltd.

Secured Note - Class F-R, 12.37% (3M SOFR + 7.06%, due 04/19/2029) ⁽⁶⁾

02/23/18

2,450,000

2,403,116

2,088,625

0.27%

CIFC Funding 2017-III, Ltd.

Secured Note - Class D, 11.58% (3M SOFR + 6.26%, due 07/20/2030) ⁽⁶⁾

09/18/23

4,000,000

3,822,077

4,000,000

0.51%

CIFC Funding 2020-I, Ltd.

Secured Note - Class E-R, 11.83% (3M SOFR + 6.51%, due 07/15/2036) ⁽⁶⁾

12/13/23

2,950,000

2,906,823

2,907,815

0.37%

Dryden 53 CLO, Ltd.

Secured Note - Class F, 13.08% (3M SOFR + 7.76%, due 01/15/2031) ⁽⁶⁾

11/28/17

1,295,000

1,209,139

967,365

0.12%

Dryden 75 CLO, Ltd.

Secured Note - Class E-R2, 12.18% (3M SOFR + 6.86%, due 04/15/2034) ⁽⁶⁾

05/30/23

3,200,000

2,782,502

2,975,040

0.38%

Halcyon Loan Advisors Funding 2018-1 Ltd.

Secured Note - Class A-2, 7.38% (3M SOFR + 2.06%, due 07/21/2031) ⁽⁶⁾

10/21/21

6,955,000

6,927,154

6,946,654

0.89%

HarbourView CLO VII-R, Ltd.

Secured Note - Class F, 13.83% (3M SOFR + 8.53%, due 07/18/2031) ⁽⁶⁾ ⁽⁷⁾

05/17/18

847,890

815,921

320,503

0.04%

HPS Loan Management 12-2018, Ltd.

Secured Note - Class C, 8.31% (3M SOFR + 3.01%, due 07/18/2031) ⁽⁶⁾

03/13/23

1,800,000

1,635,856

1,787,400

0.23%

HPS Loan Management 12-2018, Ltd.

Secured Note - Class D, 10.71% (3M SOFR + 5.41%, due 07/18/2031) ⁽⁶⁾

06/21/23

550,000

472,652

537,955

0.07%

KKR CLO 17 Ltd.

Secured Note - Class E-R, 12.97% (3M SOFR + 7.65%, due 04/15/2034) ⁽⁶⁾

09/07/23

3,900,000

3,663,826

3,863,730

0.49%

KKR CLO 24 Ltd.

Secured Note - Class E, 11.96% (3M SOFR + 6.64%, due 04/20/2032) ⁽⁶⁾

06/22/23

1,400,000

1,255,525

1,396,780

0.18%

Madison Park Funding XLIV, Ltd.

Secured Note - Class E, 11.43% (3M SOFR + 6.11%, due 01/23/2031) ⁽⁶⁾

11/30/23

1,575,000

1,525,025

1,574,213

0.20%

Marathon CLO VII Ltd.

Secured Note - Class D, 10.98% (3M SOFR + 5.66%, due 10/28/2025) ⁽⁶⁾ ⁽⁷⁾ ⁽¹⁹⁾

02/08/18

3,345,553

1,022,287

2,074,912

0.27%

Marathon CLO VIII Ltd.

Secured Note - Class D-R, 12.00% (3M SOFR + 6.70%, due 10/18/2031) ⁽⁶⁾

08/14/18

4,150,000

4,088,225

3,210,440

0.41%

Marathon CLO XI Ltd.

Secured Note - Class D, 11.08% (3M SOFR + 5.76%, due 04/20/2031) ⁽⁶⁾

02/06/18

1,650,000

1,650,000

1,347,060

0.17%

Morgan Stanley Eaton Vance CLO 2021-1, Ltd.

Secured Note - Class E, 12.33% (3M SOFR + 7.01%, due 10/20/2034) ⁽⁶⁾

01/25/24

4,000,000

3,902,662

3,932,800

0.50%

Neuberger Berman Loan Advisers CLO 31, Ltd.

Secured Note - Class E-R, 12.08% (3M SOFR + 6.76%, due 04/20/2031) ⁽⁶⁾

06/08/23

5,000,000

4,797,281

4,982,000

0.64%

Neuberger Berman Loan Advisers CLO 33, Ltd.

Secured Note - Class E-R, 11.83% (3M SOFR + 6.51%, due 10/16/2033) ⁽⁶⁾

07/27/23

1,450,000

1,376,050

1,429,120

0.18%

Neuberger Berman Loan Advisers CLO 45, Ltd.

Secured Note - Class E, 11.83% (3M SOFR + 6.51%, due 10/14/2035) ⁽⁶⁾

12/13/23

5,000,000

4,923,430

4,999,500

0.64%

Octagon 51, Ltd.

Secured Note - Class E, 12.33% (3M SOFR + 7.01%, due 07/20/2034) ⁽⁶⁾

01/24/24

2,500,000

2,437,822

2,453,250

0.31%

Octagon 59, Ltd.

Secured Note - Class E, 12.91% (3M SOFR + 7.60%, due 05/15/2035) ⁽⁶⁾

06/12/23

3,375,000

3,112,497

3,198,488

0.41%

Octagon Investment Partners XXI, Ltd.

Secured Note - Class D-RR, 12.57% (3M SOFR + 7.26%, due 02/14/2031) ⁽⁶⁾

06/06/23

825,000

705,137

810,563

0.10%

Octagon Investment Partners 27, Ltd.

Secured Note - Class F-R, 13.43% (3M SOFR + 8.11%, due 07/15/2030) ⁽⁶⁾

07/05/18

900,000

854,829

633,510

0.08%

Octagon Investment Partners 43, Ltd.

Secured Note - Class E, 12.19% (3M SOFR + 6.86%, due 10/25/2032) ⁽⁶⁾

06/26/23

4,325,000

3,989,080

4,166,705

0.53%

Octagon Investment Partners 44, Ltd.

Secured Note - Class E-R, 12.33% (3M SOFR + 7.01%, due 10/15/2034) ⁽⁶⁾

08/27/21

762,500

762,500

664,976

0.09%

OZLM XXII, Ltd.

Secured Note - Class D, 10.88% (3M SOFR + 5.56%, due 01/17/2031) ⁽⁶⁾

02/05/18

900,000

897,726

837,990

0.11%

Regatta X Funding Ltd.

Secured Note - Class D, 8.33% (3M SOFR + 3.01%, due 01/17/2031) ⁽⁶⁾

06/02/22

1,850,000

1,786,135

1,843,895

0.24%

Rockford Tower CLO 2021-2, Ltd.

Secured Note - Class E, 11.98% (3M SOFR + 6.66%, due 07/20/2034) ⁽⁶⁾

02/06/24

3,400,000

3,175,293

3,192,260

0.41%

RR 1 Ltd.

Secured Note - Class D-1-B, 11.93% (3M SOFR + 6.61%, due 07/15/2035) ⁽⁶⁾

01/24/24

3,000,000

2,908,426

2,943,000

0.38%

RR 3 Ltd.

Secured Note - Class C-R2, 8.08% (3M SOFR + 2.76%, due 01/15/2030) ⁽⁶⁾

10/27/21

2,175,000

2,145,730

2,139,548

0.27%

RR 4 Ltd.

Secured Note - Class D, 11.43% (3M SOFR + 6.11%, due 04/15/2030) ⁽⁶⁾

08/04/23

8,750,000

8,029,163

8,666,000

1.11%

RR 6 Ltd.

Secured Note - Class D-R, 11.43% (3M SOFR + 6.11%, due 04/15/2036) ⁽⁶⁾

06/26/23

4,260,000

3,795,912

4,076,820

0.52%

RR 8 Ltd.

Secured Note - Class D, 11.98% (3M SOFR + 6.66%, due 04/15/2033) ⁽⁶⁾

11/08/23

2,725,000

2,629,864

2,702,383

0.35%

Steele Creek CLO 2019-1, Ltd.

Secured Note - Class E, 12.59% (3M SOFR + 7.27%, due 04/15/2032) ⁽⁶⁾

03/22/19

3,091,000

2,977,552

2,834,138

0.36%

TICP CLO VII, Ltd.

Secured Note - Class E-R, 12.63% (3M SOFR + 7.31%, due 04/15/2033) ⁽⁶⁾

09/06/23

3,400,000

3,279,590

3,393,880

0.43%

Wehle Park CLO, Ltd.

Secured Note - Class E, 12.07% (3M SOFR + 6.75%, due 04/21/2035) ⁽⁶⁾

11/07/23

1,410,000

1,331,713

1,406,052

0.18%

Wind River 2019-2 CLO Ltd.

Secured Note - Class E-R, 12.31% (3M SOFR + 7.00%, due 01/15/2035) ⁽⁶⁾

02/04/22

2,650,000

2,491,824

2,456,285

0.31%

Zais CLO 9, Limited

Secured Note - Class D, 9.03% (3M SOFR + 3.71%, due 07/20/2031) ⁽⁶⁾

01/10/24

1,650,000

1,567,500

1,650,000

0.21%

Total CLO Debt

168,083,152

172,503,493

22.06%

CLO Equity ⁽⁴⁾ ⁽⁸⁾

Structured Finance

United States

1988 CLO 1 Ltd.

Income Note (effective yield 8.50%, maturity 10/15/2037) ⁽⁹⁾ ⁽¹⁸⁾

09/23/22

7,876,000

5,689,598

5,618,864

0.72%

1988 CLO 2 Ltd.

Income Note (effective yield 6.75%, maturity 04/15/2038) ⁽⁹⁾ ⁽¹⁸⁾

02/08/23

9,334,000

6,446,792

5,712,947

0.73%

1988 CLO 3 Ltd.

Income Note (effective yield 10.08%, maturity 10/15/2038) ⁽⁹⁾ ⁽¹⁸⁾

09/12/23

9,267,000

7,099,398

6,875,047

0.88%

ALM VIII, Ltd.

Preferred Share (effective yield 0.00%, maturity 10/20/2028) ⁽⁹⁾ ⁽¹¹⁾

06/02/16

8,725,000

-

13,088

0.00%

Anchorage Credit Funding 12, Ltd.

Income Note (effective yield 12.73%, maturity 10/25/2038) ⁽⁹⁾

09/04/20

9,250,000

6,658,882

3,831,665

0.49%

Anchorage Credit Funding 13, Ltd.

Subordinated Note (effective yield 11.71%, maturity 07/27/2039) ⁽⁹⁾

05/25/21

1,200,000

1,078,356

662,859

0.08%

Ares XXXIV CLO Ltd.

Subordinated Note (effective yield 21.36%, maturity 04/17/2033) ⁽⁹⁾

09/16/20

18,075,000

6,688,395

5,517,445

0.71%

Ares XLI CLO Ltd.

Income Note (effective yield 13.84%, maturity 04/15/2034) ⁽⁹⁾ ⁽¹⁰⁾

11/29/16

29,388,000

14,298,422

11,258,979

1.44%

Ares XLIII CLO Ltd.

Income Note (effective yield 10.75%, maturity 10/15/2029) ⁽⁹⁾ ⁽¹⁰⁾

04/04/17

30,850,000

15,131,834

10,951,902

1.40%

Ares XLIII CLO Ltd.

Subordinated Note (effective yield 10.75%, maturity 10/15/2029) ⁽⁹⁾

11/10/21

1,505,000

683,485

483,723

0.06%

Ares XLIV CLO Ltd.

Subordinated Note (effective yield 15.15%, maturity 04/15/2034) ⁽⁹⁾

10/06/21

13,131,000

4,713,670

3,940,694

0.50%

Ares XLVII CLO Ltd.

Subordinated Note (effective yield 12.50%, maturity 04/15/2030) ⁽⁹⁾

10/22/20

8,500,000

3,401,921

2,295,538

0.29%

Ares LI CLO Ltd.

Income Note (effective yield 14.66%, maturity 07/15/2034) ⁽⁹⁾ ⁽¹⁰⁾

01/25/19

13,353,849

8,550,714

6,800,683

0.87%

Ares LVIII CLO Ltd.

Subordinated Note (effective yield 15.19%, maturity 01/15/2035) ⁽⁹⁾

08/17/21

6,175,000

4,395,893

3,879,793

0.50%

Ares LXI CLO Ltd.

Subordinated Note (effective yield 21.06%, maturity 10/20/2034) ⁽⁹⁾

01/24/24

4,650,000

2,976,000

2,872,980

0.37%

Ares LXIV CLO Ltd.

Subordinated Note (effective yield 18.34%, maturity 04/15/2035) ⁽⁹⁾

01/26/23

15,875,000

12,201,916

12,105,760

1.55%

Ares LXIX CLO Ltd.

Income Note (effective yield 22.96%, maturity 04/15/2037) ⁽⁹⁾ ⁽¹⁰⁾

01/31/24

14,100,000

10,162,716

10,197,687

1.30%

Bain Capital Credit CLO 2021-1, Limited

Subordinated Note (effective yield 15.09%, maturity 04/18/2034) ⁽⁹⁾

04/29/21

9,100,000

6,947,123

5,171,035

0.66%

Bain Capital Credit CLO 2021-7, Limited

Subordinated Note (effective yield 26.09%, maturity 01/22/2035) ⁽⁹⁾

09/05/23

7,250,000

4,330,187

4,446,021

0.57%

Bardin Hill CLO 2021-2 Ltd.

Subordinated Note (effective yield 36.33%, maturity 10/25/2034) ⁽⁹⁾ ⁽¹⁰⁾

09/24/21

5,550,000

3,243,565

3,412,879

0.44%

Barings CLO Ltd. 2018-I

Income Note (effective yield 4.53%, maturity 04/15/2031) ⁽⁹⁾ ⁽¹⁰⁾

02/23/18

20,808,000

8,931,071

5,992,726

0.77%

Barings CLO Ltd. 2019-I

Income Note (effective yield 17.90%, maturity 04/15/2035) ⁽⁹⁾ ⁽¹⁰⁾

02/12/19

13,085,000

8,743,592

7,305,715

0.93%

Barings CLO Ltd. 2019-II

Income Note (effective yield 15.64%, maturity 04/15/2036) ⁽⁹⁾ ⁽¹⁰⁾

03/15/19

16,150,000

9,789,281

7,599,672

0.97%

Barings CLO Ltd. 2020-I

Income Note (effective yield 33.23%, maturity 10/15/2036) ⁽⁹⁾ ⁽¹⁰⁾

09/04/20

5,550,000

2,811,967

3,626,228

0.46%

Barings CLO Ltd. 2021-II

Subordinated Note (effective yield 18.63%, maturity 07/15/2034) ⁽⁹⁾

09/07/22

9,250,000

6,697,367

6,047,523

0.77%

Barings CLO Ltd. 2021-III

Subordinated Note (effective yield 11.57%, maturity 01/18/2035) ⁽⁹⁾

11/17/21

2,000,000

1,468,663

1,147,479

0.15%

Barings CLO Ltd. 2022-I

Income Note (effective yield 20.81%, maturity 04/15/2035) ⁽⁹⁾ ⁽¹⁰⁾

03/18/22

7,500,000

5,520,737

5,403,819

0.69%

Barings CLO Ltd. 2022-II

Income Note (effective yield 32.36%, maturity 07/15/2072) ⁽⁹⁾ ⁽¹⁰⁾

06/21/22

10,800,000

4,011,437

5,523,386

0.71%

Basswood Park CLO, Ltd.

Subordinated Note (effective yield 18.32%, maturity 04/20/2034) ⁽⁹⁾

08/17/21

27,750,000

20,261,421

19,006,030

2.43%

Basswood Park CLO, Ltd.

Class M-1 Notes (effective yield 1817.80%, maturity 04/20/2034) ⁽⁹⁾

02/15/24

5,000,000

4,500

28,796

0.00%

Basswood Park CLO, Ltd.

Class M-2 Notes (effective yield 1817.80%, maturity 04/20/2034) ⁽⁹⁾

02/15/24

5,000,000

10,500

67,191

0.01%

Battalion CLO IX Ltd.

Income Note (effective yield 13.52%, maturity 07/15/2031) ⁽⁹⁾ ⁽¹⁰⁾

07/09/15

18,734,935

8,166,634

4,924,149

0.63%

See accompanying notes to the consolidated financial statements

2

Eagle Point Credit Company Inc. & Subsidiaries

Consolidated Schedule of Investments

As of March 31, 2024

(expressed in U.S. dollars)

(Unaudited)

Acquisition

Principal Amount /

% of Net

Issuer ⁽¹⁾

Investment Description

Date ⁽²⁾

Shares

Cost

Fair Value ⁽³⁾

Assets

CLO Equity ⁽⁴⁾ ⁽⁸⁾ (continued)

Structured Finance (continued)

United States (continued)

Battalion CLO 18 Ltd.

Income Note (effective yield 35.63%, maturity 10/15/2036) ⁽⁹⁾ ⁽¹⁰⁾

08/25/20

$

8,400,000

$

4,529,900

$

4,531,558

0.58%

Battalion CLO XIX Ltd.

Income Note (effective yield 26.40%, maturity 04/15/2034) ⁽⁹⁾ ⁽¹⁰⁾

03/11/21

8,600,000

4,718,776

4,042,241

0.52%

Battalion CLO XXIII Ltd.

Income Note (effective yield 22.11%, maturity 07/15/2036) ⁽⁹⁾ ⁽¹⁰⁾

05/19/22

8,800,000

6,258,257

4,816,621

0.62%

Bear Mountain Park CLO, Ltd.

Income Note (effective yield 18.41%, maturity 07/15/2035) ⁽⁹⁾ ⁽¹⁰⁾

07/13/22

12,875,000

10,572,907

11,960,420

1.53%

Belmont Park CLO, Ltd.

Income Note (effective yield 17.29%, maturity 04/15/2037) ⁽⁹⁾ ⁽¹⁰⁾

02/21/24

14,950,000

10,831,724

10,916,704

1.40%

Bethpage Park CLO, Ltd.

Income Note (effective yield 17.12%, maturity 10/15/2036) ⁽⁹⁾ ⁽¹⁰⁾

09/24/21

14,750,000

8,982,605

8,269,300

1.06%

BlueMountain CLO 2013-2 Ltd.

Subordinated Note (effective yield 0.00%, maturity 10/22/2030) ⁽⁹⁾ ⁽¹²⁾

10/21/14

23,000,000

5,451,809

1,150,000

0.15%

BlueMountain CLO 2018-1 Ltd.

Subordinated Note (effective yield 48.12%, maturity 07/30/2030) ⁽⁹⁾

03/26/20

5,550,000

780,455

613,044

0.08%

BlueMountain CLO XXIII Ltd.

Subordinated Note (effective yield 13.30%, maturity 10/20/2031) ⁽⁹⁾

02/24/21

6,340,000

3,627,984

2,636,972

0.34%

BlueMountain CLO XXIV Ltd.

Subordinated Note (effective yield 28.17%, maturity 04/20/2034) ⁽⁹⁾

06/16/20

7,375,000

3,907,782

3,523,160

0.45%

BlueMountain CLO XXV Ltd.

Subordinated Note (effective yield 25.06%, maturity 07/15/2036) ⁽⁹⁾

06/23/20

6,525,000

3,850,126

3,291,624

0.42%

Bristol Park CLO, Ltd.

Income Note (effective yield 0.00%, maturity 04/15/2029) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹²⁾

11/01/16

34,250,000

12,299,654

8,623,649

1.10%

Carlyle Global Market Strategies CLO 2014-5, Ltd.

Subordinated Note (effective yield 10.42%, maturity 07/15/2031) ⁽⁹⁾

06/02/16

10,800,000

2,272,314

1,576,520

0.20%

Carlyle US CLO 2017-4, Ltd.

Income Note (effective yield 0.00%, maturity 01/15/2030) ⁽⁹⁾ ⁽¹²⁾

10/13/17

9,000,000

3,565,068

2,340,000

0.30%

Carlyle US CLO 2018-1, Ltd.

Subordinated Note (effective yield 0.00%, maturity 04/20/2031) ⁽⁹⁾ ⁽¹¹⁾

03/23/21

4,730,000

1,180,846

567,600

0.07%

Carlyle US CLO 2018-4, Ltd.

Subordinated Note (effective yield 9.31%, maturity 01/20/2031) ⁽⁹⁾

02/18/21

6,625,000

3,898,761

2,979,386

0.38%

Carlyle US CLO 2019-4, Ltd.

Subordinated Note (effective yield 20.46%, maturity 04/15/2035) ⁽⁹⁾ ⁽¹⁰⁾

04/13/21

7,005,000

5,268,306

5,108,270

0.65%

Carlyle US CLO 2021-1, Ltd.

Income Note (effective yield 22.79%, maturity 04/15/2034) ⁽⁹⁾ ⁽¹⁰⁾

02/02/21

13,425,000

7,042,245

7,003,780

0.90%

Carlyle US CLO 2021-4, Ltd.

Subordinated Note (effective yield 14.59%, maturity 04/20/2034) ⁽⁹⁾

11/17/21

11,475,000

9,421,858

8,008,993

1.02%

Carlyle US CLO 2021-7, Ltd.

Income Note (effective yield 18.52%, maturity 10/15/2035) ⁽⁹⁾ ⁽¹⁰⁾

08/11/21

10,400,000

7,222,438

6,643,234

0.85%

Carlyle US CLO 2022-1, Ltd.

Income Note (effective yield 19.48%, maturity 04/15/2035) ⁽⁹⁾ ⁽¹⁰⁾

03/15/22

8,150,000

5,842,190

5,311,766

0.68%

Carlyle US CLO 2023-3, Ltd.

Income Note (effective yield 16.23%, maturity 10/15/2036) ⁽⁹⁾ ⁽¹⁰⁾

07/06/23

9,400,000

6,962,327

6,217,619

0.80%

Carlyle US CLO 2024-1, Ltd.

Income Note (effective yield 15.00%, maturity 04/15/2037) ⁽⁹⁾ ⁽¹⁰⁾

01/26/24

11,475,000

9,433,701

9,374,173

1.20%

CIFC Funding 2013-II, Ltd.

Income Note (effective yield 0.00%, maturity 10/18/2030) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹²⁾

06/06/14

17,265,625

3,209,976

2,544,394

0.33%

CIFC Funding 2014, Ltd.

Income Note (effective yield 11.71%, maturity 01/18/2031) ⁽⁹⁾ ⁽¹⁰⁾

06/06/14

16,033,750

3,721,693

2,521,705

0.32%

CIFC Funding 2014-III, Ltd.

Income Note (effective yield 14.77%, maturity 10/22/2031) ⁽⁹⁾

02/17/15

19,725,000

5,192,972

4,005,867

0.51%

CIFC Funding 2014-IV-R, Ltd.

Income Note (effective yield 15.07%, maturity 01/17/2035) ⁽⁹⁾

08/05/14

8,457,500

3,297,523

2,520,161

0.32%

CIFC Funding 2015-III, Ltd.

Income Note (effective yield 0.00%, maturity 04/19/2029) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹²⁾

06/23/15

9,724,324

1,788,701

901,392

0.12%

CIFC Funding 2019-III, Ltd.

Subordinated Note (effective yield 20.05%, maturity 10/16/2034) ⁽⁹⁾

04/18/19

2,875,000

2,126,270

2,166,582

0.28%

CIFC Funding 2019-IV, Ltd.

Income Note (effective yield 18.31%, maturity 10/15/2036) ⁽⁹⁾ ⁽¹⁰⁾

06/07/19

14,000,000

10,091,261

9,685,297

1.24%

CIFC Funding 2019-V, Ltd.

Subordinated Note (effective yield 20.74%, maturity 01/15/2035) ⁽⁹⁾

02/07/23

12,975,000

9,393,397

9,874,262

1.26%

CIFC Funding 2020-I, Ltd.

Income Note (effective yield 32.52%, maturity 07/15/2032) ⁽⁹⁾ ⁽¹⁰⁾

06/12/20

9,400,000

5,001,292

6,218,128

0.80%

CIFC Funding 2020-II, Ltd.

Subordinated Note (effective yield 22.61%, maturity 10/20/2034) ⁽⁹⁾

02/07/23

5,500,000

4,009,277

4,237,812

0.54%

CIFC Funding 2020-IV, Ltd.

Income Note (effective yield 21.94%, maturity 01/15/2034) ⁽⁹⁾ ⁽¹⁰⁾

12/11/20

7,900,000

5,606,434

5,780,161

0.74%

CIFC Funding 2021-III, Ltd.

Income Note (effective yield 20.03%, maturity 07/15/2036) ⁽⁹⁾ ⁽¹⁰⁾

04/23/21

17,275,000

10,178,577

9,668,649

1.24%

CIFC Funding 2021-VI, Ltd.

Income Note (effective yield 19.12%, maturity 10/15/2034) ⁽⁹⁾ ⁽¹⁰⁾

09/22/21

12,200,000

8,985,383

8,579,922

1.10%

CIFC Funding 2022-I, Ltd.

Income Note (effective yield 19.46%, maturity 04/17/2037) ⁽⁹⁾ ⁽¹⁰⁾

01/27/22

12,950,000

10,053,190

10,092,931

1.29%

CIFC Funding 2022-VI, Ltd.

Income Note (effective yield 15.14%, maturity 07/16/2035) ⁽⁹⁾ ⁽¹⁰⁾

08/01/22

10,700,000

8,543,866

9,177,029

1.17%

CIFC Funding 2023-I, Ltd.

Income Note (effective yield 20.65%, maturity 10/15/2037) ⁽⁹⁾ ⁽¹⁰⁾

09/14/23

11,550,000

9,240,446

10,569,295

1.35%

Cutwater 2015-I, Ltd.

Income Note (effective yield 0.00%, maturity 01/15/2029) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹²⁾

05/01/15

31,100,000

8,252,702

496,319

0.06%

Dewolf Park CLO, Ltd.

Income Note (effective yield 1.53%, maturity 10/15/2030) ⁽⁹⁾ ⁽¹⁰⁾

08/10/17

7,700,000

3,400,298

2,614,286

0.33%

Dryden 53 CLO, Ltd.

Income Note (effective yield 0.00%, maturity 01/15/2031) ⁽⁹⁾ ⁽¹²⁾

11/28/17

7,684,999

2,472,497

1,613,506

0.21%

Dryden 64 CLO, Ltd.

Subordinated Note (effective yield 21.26%, maturity 04/18/2031) ⁽⁹⁾

05/11/20

9,600,000

2,569,717

1,914,978

0.25%

Dryden 68 CLO, Ltd.

Income Note (effective yield 13.65%, maturity 07/15/2049) ⁽⁹⁾ ⁽¹⁰⁾

05/30/19

14,080,000

8,942,893

6,254,029

0.80%

Dryden 85 CLO, Ltd.

Income Note (effective yield 24.03%, maturity 10/15/2049) ⁽⁹⁾ ⁽¹⁰⁾

09/17/20

8,610,000

6,098,580

5,439,654

0.70%

Dryden 94 CLO, Ltd.

Income Note (effective yield 20.77%, maturity 07/15/2037) ⁽⁹⁾ ⁽¹⁰⁾

04/28/22

12,200,000

8,645,064

7,688,479

0.98%

Dryden 109 CLO, Ltd.

Subordinated Note (effective yield 19.71%, maturity 04/20/2035) ⁽⁹⁾

02/15/23

8,100,000

6,155,761

5,366,882

0.69%

Eaton Vance CLO 2015-1, Ltd.

Subordinated Note (effective yield 0.00%, maturity 01/20/2030) ⁽⁹⁾ ⁽¹²⁾

06/05/20

6,372,500

1,326,136

828,425

0.11%

Eaton Vance CLO 2020-1, Ltd.

Subordinated Note (effective yield 18.67%, maturity 10/15/2034) ⁽⁹⁾

08/08/23

6,500,000

4,702,990

4,119,315

0.53%

Eaton Vance CLO 2020-2, Ltd.

Subordinated Note (effective yield 21.34%, maturity 01/15/2035) ⁽⁹⁾

09/16/22

11,175,000

7,682,616

7,059,746

0.90%

Elmwood CLO 14 Ltd.

Subordinated Note (effective yield 21.81%, maturity 04/20/2035) ⁽⁹⁾

06/06/23

7,000,000

5,042,155

5,542,728

0.71%

Elmwood CLO 17 Ltd.

Subordinated Note (effective yield 20.35%, maturity 07/17/2035) ⁽⁹⁾

04/25/23

6,550,000

4,845,105

5,316,617

0.68%

Elmwood CLO 21 Ltd.

Subordinated Note (effective yield 16.26%, maturity 10/20/2036) ⁽⁹⁾

10/27/23

4,900,000

3,361,188

3,330,060

0.43%

Generate CLO 9 Ltd.

Subordinated Note (effective yield 24.60%, maturity 10/20/2034) ⁽⁹⁾

04/27/22

11,250,000

8,425,285

9,283,059

1.19%

Greywolf CLO IV, Ltd.

Subordinated Note (effective yield 19.63%, maturity 04/17/2034) ⁽⁹⁾

03/26/21

7,520,000

4,145,017

3,427,692

0.44%

HarbourView CLO VII-R, Ltd.

Subordinated Note (effective yield 0.00%, maturity 07/18/2031) ⁽⁹⁾ ⁽¹²⁾

09/29/17

1,100,000

399,175

110

0.00%

Kings Park CLO, Ltd.

Subordinated Note (effective yield 26.20%, maturity 01/21/2035) ⁽⁹⁾

04/27/23

5,222,500

3,165,986

3,631,934

0.46%

KKR CLO 36 Ltd.

Subordinated Note (effective yield 19.14%, maturity 10/15/2034) ⁽⁹⁾

05/03/22

6,000,000

4,433,669

4,035,314

0.52%

KKR CLO 37 Ltd.

Subordinated Note (effective yield 23.19%, maturity 01/20/2035) ⁽⁹⁾

01/25/24

7,150,000

5,335,688

5,384,615

0.69%

Lake Shore MM CLO I Ltd.

Income Note (effective yield 18.51%, maturity 04/15/2033) ⁽⁹⁾ ⁽¹⁰⁾

03/08/19

14,550,000

9,412,480

6,114,574

0.78%

LCM 38 Ltd.

Income Note (effective yield 26.58%, maturity 07/15/2034) ⁽⁹⁾

01/31/24

5,228,500

4,824,598

4,791,585

0.61%

Madison Park Funding XXI, Ltd.

Subordinated Note (effective yield 25.77%, maturity 10/15/2049) ⁽⁹⁾

08/22/16

6,462,500

3,565,074

3,183,359

0.41%

Madison Park Funding XXII, Ltd.

Subordinated Note (effective yield 20.31%, maturity 01/15/2033) ⁽⁹⁾

10/30/18

6,327,082

3,638,681

3,400,534

0.44%

Madison Park Funding XXXIV, Ltd.

Subordinated Note (effective yield 25.63%, maturity 04/25/2048) ⁽⁹⁾

09/27/22

8,300,000

4,925,979

4,772,503

0.61%

Madison Park Funding XL, Ltd.

Subordinated Note (effective yield 25.67%, maturity 02/28/2047) ⁽⁹⁾

06/02/16

16,550,000

4,728,944

4,207,310

0.54%

Madison Park Funding XLIV, Ltd.

Subordinated Note (effective yield 18.83%, maturity 01/23/2048) ⁽⁹⁾

11/16/18

8,744,821

4,602,442

4,222,104

0.54%

Madison Park Funding XLVII, Ltd.

Subordinated Note (effective yield 21.65%, maturity 01/19/2034) ⁽⁹⁾

04/29/21

2,000,000

1,587,439

1,757,427

0.22%

Madison Park Funding LII, Ltd.

Subordinated Note (effective yield 17.79%, maturity 01/22/2035) ⁽⁹⁾

03/13/24

6,500,000

4,631,250

4,597,898

0.59%

Madison Park Funding LXII, Ltd.

Subordinated Note (effective yield 16.80%, maturity 07/17/2036) ⁽⁹⁾

07/27/23

5,600,000

4,235,000

3,756,121

0.48%

Marathon CLO VI Ltd.

Subordinated Note (effective yield 0.00%, maturity 05/13/2028) ⁽⁹⁾ ⁽¹²⁾

06/06/14

6,375,000

191,250

638

0.00%

Marathon CLO VII Ltd.

Subordinated Note (effective yield 0.00%, maturity 10/28/2025) ⁽⁹⁾ ⁽¹²⁾

10/30/14

10,526,000

52,630

1,053

0.00%

Marathon CLO VIII Ltd.

Income Note (effective yield 0.00%, maturity 10/18/2031) ⁽⁹⁾ ⁽¹²⁾

06/16/15

16,333,000

7,343,630

979,980

0.13%

Marathon CLO X Ltd.

Subordinated Note (effective yield 0.00%, maturity 11/15/2029) ⁽⁹⁾ ⁽¹²⁾

08/09/17

2,550,000

229,500

280,500

0.04%

Marathon CLO XI Ltd.

Subordinated Note (effective yield 0.00%, maturity 04/20/2031) ⁽⁹⁾ ⁽¹²⁾

02/06/18

2,075,000

1,104,318

186,750

0.02%

Marathon CLO XII Ltd.

Subordinated Note (effective yield 0.00%, maturity 04/18/2031) ⁽⁹⁾ ⁽¹²⁾

09/06/18

4,500,000

2,251,667

585,000

0.07%

Morgan Stanley Eaton Vance CLO 2023-19, Ltd.

Subordinated Note (effective yield 15.97%, maturity 07/20/2036) ⁽⁹⁾

02/21/24

4,150,000

2,656,000

2,781,808

0.36%

Octagon Investment Partners XIV, Ltd.

Income Note (effective yield 0.00%, maturity 07/15/2029) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹²⁾

06/06/14

20,572,125

5,062,309

355,942

0.05%

Octagon Investment Partners 26, Ltd.

Income Note (effective yield 15.86%, maturity 07/15/2030) ⁽⁹⁾ ⁽¹⁰⁾

03/23/16

13,750,000

3,033,284

1,716,678

0.22%

Octagon Investment Partners 27, Ltd.

Income Note (effective yield 17.09%, maturity 07/15/2030) ⁽⁹⁾ ⁽¹⁰⁾

05/25/16

11,804,048

2,898,707

1,703,383

0.22%

Octagon Investment Partners 29, Ltd.

Subordinated Note (effective yield 9.06%, maturity 01/24/2033) ⁽⁹⁾

05/05/21

9,875,000

5,774,396

3,758,544

0.48%

Octagon Investment Partners 37, Ltd.

Subordinated Note (effective yield 5.92%, maturity 07/25/2030) ⁽⁹⁾

05/25/21

1,550,000

749,905

426,155

0.05%

Octagon Investment Partners 44, Ltd.

Income Note (effective yield 13.92%, maturity 07/20/2034) ⁽⁹⁾ ⁽¹⁰⁾

06/19/19

13,500,000

8,616,340

6,058,392

0.78%

Octagon Investment Partners 45, Ltd.

Subordinated Note (effective yield 23.86%, maturity 04/15/2035) ⁽⁹⁾

07/27/23

18,155,000

10,977,312

10,029,810

1.28%

Octagon Investment Partners 46, Ltd.

Income Note (effective yield 30.90%, maturity 07/15/2036) ⁽⁹⁾ ⁽¹⁰⁾

06/26/20

10,650,000

4,730,997

4,606,309

0.59%

Octagon Investment Partners 48, Ltd.

Subordinated Note (effective yield 17.92%, maturity 10/20/2034) ⁽⁹⁾

03/25/22

10,000,000

7,674,887

6,349,888

0.81%

Octagon Investment Partners 50, Ltd.

Income Note (effective yield 25.16%, maturity 01/16/2035) ⁽⁹⁾ ⁽¹⁰⁾

10/06/20

9,250,000

5,058,190

4,723,285

0.60%

Octagon 51, Ltd.

Income B Note (effective yield 19.20%, maturity 07/20/2034) ⁽⁹⁾

04/16/21

17,300,000

12,363,264

10,772,678

1.38%

Octagon 55, Ltd.

Subordinated Note (effective yield 13.18%, maturity 07/20/2034) ⁽⁹⁾

02/11/22

8,700,000

6,396,754

4,890,096

0.63%

Octagon 58, Ltd.

Income Note (effective yield 21.42%, maturity 07/15/2037) ⁽⁹⁾ ⁽¹⁰⁾

04/21/22

14,900,000

10,432,396

9,783,915

1.25%

OFSI BSL VIII, Ltd.

Income Note (effective yield 0.00%, maturity 08/16/2037) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹²⁾

07/18/17

7,719,320

3,193,321

550,589

0.07%

Palmer Square CLO 2021-4, Ltd.

Subordinated Note (effective yield 21.53%, maturity 10/15/2034) ⁽⁹⁾

02/12/24

3,500,000

2,633,750

2,734,473

0.35%

Regatta VII Funding Ltd.

Subordinated Note (effective yield 6.47%, maturity 12/20/2028) ⁽⁹⁾

10/01/21

6,450,000

2,596,052

1,672,089

0.21%

Regatta VII Funding Ltd.

Class R1A Note (effective yield 51.99%, maturity 06/20/2034) ⁽⁹⁾

10/01/21

10,126,500

18,201

20,724

0.00%

Regatta VII Funding Ltd.

Class R2 Note (effective yield 100.90%, maturity 06/20/2034) ⁽⁹⁾

10/01/21

10,126,500

110,484

186,249

0.02%

Regatta XX Funding Ltd.

Income Note (effective yield 17.98%, maturity 10/15/2034) ⁽⁹⁾ ⁽¹⁰⁾

08/04/21

11,000,000

7,152,134

7,155,631

0.92%

See accompanying notes to the consolidated financial statements

3

Eagle Point Credit Company Inc. & Subsidiaries

Consolidated Schedule of Investments

As of March 31, 2024

(expressed in U.S. dollars)

(Unaudited)

Acquisition

Principal Amount /

% of Net

Issuer ⁽¹⁾

Investment Description

Date ⁽²⁾

Shares

Cost

Fair Value ⁽³⁾

Assets

CLO Equity ⁽⁴⁾ ⁽⁸⁾ (continued)

Structured Finance (continued)

United States (continued)

Regatta XXI Funding Ltd.

Subordinated Note (effective yield 16.85%, maturity 10/20/2034) ⁽⁹⁾

06/10/22

$

9,000,000

$

6,356,824

$

6,374,496

0.82%

Regatta XXII Funding Ltd.

Subordinated Note (effective yield 22.17%, maturity 07/20/2035) ⁽⁹⁾

06/20/23

3,000,000

2,108,695

2,488,285

0.32%

Regatta XXIV Funding Ltd.

Subordinated Note (effective yield 19.36%, maturity 01/20/2035) ⁽⁹⁾

02/14/23

4,300,000

2,726,454

2,957,149

0.38%

Rockford Tower CLO 2019-1, Ltd.

Subordinated Note (effective yield 15.89%, maturity 04/20/2034) ⁽⁹⁾

06/14/21

10,300,000

7,175,009

5,236,732

0.67%

Rockford Tower CLO 2021-3, Ltd.

Subordinated Note (effective yield 11.30%, maturity 10/20/2034) ⁽⁹⁾

04/22/22

26,264,625

20,137,589

13,233,659

1.69%

Rockford Tower CLO 2022-3, Ltd.

Subordinated Note (effective yield 20.62%, maturity 01/20/2035) ⁽⁹⁾

07/27/23

3,600,000

2,560,500

2,989,883

0.38%

RR 23 Ltd.

Subordinated Note (effective yield 18.23%, maturity 10/15/2035) ⁽⁹⁾

10/12/23

6,800,000

4,072,154

4,275,526

0.55%

Shackleton 2019-XIV CLO, Ltd.

Subordinated Note (effective yield 21.47%, maturity 07/20/2034) ⁽⁹⁾

02/01/24

5,525,000

4,294,875

4,217,272

0.54%

Steele Creek CLO 2018-1, Ltd.

Income Note (effective yield 0.00%, maturity 04/15/2048) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹²⁾

03/28/18

11,370,000

4,396,771

1,645,238

0.21%

Steele Creek CLO 2019-1, Ltd.

Income Note (effective yield 10.45%, maturity 04/15/2049) ⁽⁹⁾ ⁽¹⁰⁾

03/22/19

8,500,000

5,078,254

2,500,759

0.32%

Unity-Peace Park CLO, Ltd.

Subordinated Note (effective yield 16.95%, maturity 04/20/2035) ⁽⁹⁾

09/07/23

34,020,000

26,303,049

25,649,514

3.28%

Venture 41 CLO, Limited

Subordinated Note (effective yield 20.24%, maturity 01/20/2034) ⁽⁹⁾

11/30/21

3,325,000

2,367,730

1,908,553

0.24%

Wellman Park CLO, Ltd.

Subordinated Note (effective yield 21.70%, maturity 07/15/2034) ⁽⁹⁾

09/20/23

10,275,000

6,848,203

7,112,162

0.91%

Wellman Park CLO, Ltd.

Class M-1 Notes (effective yield 19.30%, maturity 07/15/2034) ⁽⁹⁾

09/20/23

10,275,000

92,463

66,073

0.01%

Wellman Park CLO, Ltd.

Class M-2 Notes (effective yield 15.36%, maturity 07/15/2034) ⁽⁹⁾

09/20/23

10,275,000

231,147

155,266

0.02%

Whetstone Park CLO, Ltd.

Subordinated Note (effective yield 17.81%, maturity 01/20/2035) ⁽⁹⁾

05/03/22

10,560,000

8,214,841

8,076,282

1.03%

Wind River 2013-2 CLO Ltd.

Income Note (effective yield 0.00%, maturity 10/18/2030) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹²⁾

06/06/14

11,597,500

3,526,113

852,865

0.11%

Wind River 2014-1 CLO Ltd.

Subordinated Note (effective yield 0.00%, maturity 07/18/2031) ⁽⁹⁾ ⁽¹²⁾

05/05/16

9,681,764

2,167,725

290,453

0.04%

Wind River 2014-3 CLO Ltd.

Subordinated Note (effective yield 0.00%, maturity 10/22/2031) ⁽⁹⁾ ⁽¹²⁾

12/17/14

11,000,000

3,292,029

1,210,000

0.15%

Wind River 2017-1 CLO Ltd.

Income Note (effective yield 13.63%, maturity 04/18/2036) ⁽⁹⁾ ⁽¹⁰⁾

02/02/17

17,700,000

9,997,869

6,545,324

0.84%

Wind River 2017-3 CLO Ltd.

Income Note (effective yield 11.96%, maturity 04/15/2035) ⁽⁹⁾ ⁽¹⁰⁾

08/09/17

23,940,000

14,179,442

8,909,369

1.14%

Wind River 2018-1 CLO Ltd.

Income Note (effective yield 7.98%, maturity 07/15/2030) ⁽⁹⁾ ⁽¹⁰⁾

06/22/18

15,750,000

8,416,891

5,090,405

0.65%

Wind River 2019-2 CLO Ltd.

Income Note (effective yield 25.03%, maturity 01/15/2035) ⁽⁹⁾ ⁽¹⁰⁾

09/20/19

13,470,000

8,286,417

7,113,584

0.91%

Wind River 2022-2 CLO Ltd.

Income Note (effective yield 23.54%, maturity 07/20/2035) ⁽⁹⁾ ⁽¹⁰⁾

06/03/22

8,950,000

6,227,895

5,106,484

0.65%

Zais CLO 3, Limited

Income Note (effective yield 0.00%, maturity 07/15/2031) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹²⁾

04/08/15

16,871,644

5,385,777

1,319,526

0.17%

Zais CLO 5, Limited

Subordinated Note (effective yield 0.00%, maturity 10/15/2028) ⁽⁹⁾ ⁽¹²⁾

09/23/16

5,950,000

595

595

0.00%

Zais CLO 6, Limited

Subordinated Note (effective yield 0.00%, maturity 07/15/2029) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹²⁾

05/03/17

11,600,000

-

24,763

0.00%

Zais CLO 7, Limited

Income Note (effective yield 0.00%, maturity 04/15/2030) ⁽⁹⁾ ⁽¹²⁾

09/11/17

12,777,500

1,278

1,278

0.00%

Zais CLO 9, Limited

Subordinated Note (effective yield 0.00%, maturity 07/20/2031) ⁽⁹⁾ ⁽¹²⁾

10/29/18

3,015,000

1,635,162

301,500

0.04%

Total United States

864,416,166

722,887,241

92.49%

European Union - Various

04/23/21

Dryden 88 Euro CLO 2020 DAC

Subordinated Note (effective yield 15.53%, maturity 07/20/2034) ⁽⁹⁾ ⁽¹³⁾

600,000

542,916

368,264

0.05%

BBAM European CLO II DAC

Subordinated Note (effective yield 29.11%, maturity 10/15/2034) ⁽⁹⁾ ⁽¹⁰⁾ ⁽¹³⁾

11/05/21

1,000,000

1,135,010

1,115,341

0.14%

OCP Euro CLO 2019-3 DAC

Subordinated Note (effective yield 23.56%, maturity 04/20/2033) ⁽⁹⁾ ⁽¹³⁾

05/26/21

1,500,000

1,253,678

1,167,545

0.15%

Total European Union - Various

2,931,604

2,651,150

0.34%

Total CLO Equity

867,347,770

725,538,391

92.83%

Loan Accumulation Facilities ⁽⁴⁾ ⁽¹⁴⁾

Structured Finance

United States

09/06/22

Steamboat XLII Ltd.

Loan Accumulation Facility ⁽⁹⁾

4,937,500

4,937,500

4,958,258

0.63%

Steamboat XLIV Ltd.

Loan Accumulation Facility ⁽⁹⁾

03/21/23

8,960,000

8,960,000

8,982,153

1.15%

Steamboat XLVI Ltd.

Loan Accumulation Facility ⁽⁹⁾

03/22/24

5,700,000

5,700,000

5,700,249

0.73%

Total Loan Accumulation Facilities

19,597,500

19,640,660

2.51%

Asset Backed Securities ⁽⁴⁾

Structured Finance

France

FCT Alma 2022

Mezzanine Notes, 12.00% (due 08/04/2025) ⁽⁹⁾ ⁽¹³⁾ ⁽¹⁵⁾

08/02/23

14,700,000

15,959,727

15,967,157

2.04%

Ireland

Cork Harmony Consumer Loans DAC

Mezzanine Loan, 14.35% (1M EURIBOR + 10.50%, due 07/14/2026) ⁽⁶⁾ ⁽⁹⁾ ⁽¹³⁾ ⁽¹⁶⁾

07/13/23

2,571,429

2,777,018

2,775,226

0.36%

Total Asset Backed Securities

18,736,745

18,742,383

2.40%

Bank Debt Term Loan ⁽⁴⁾

Consumer Products

United States

JP Intermediate B LLC

Term B 1L Senior Secured Loan, 11.07% (3M LIBOR + 5.50%, due 08/21/2027) ⁽⁶⁾

03/02/21

502,328

491,256

62,791

0.01%

CFO Debt ⁽⁴⁾

Structured Finance

United States

Glendower Capital Secondaries CFO, LLC

Class B Loan, Delayed Draw, 11.50% (due 07/12/2038) ⁽⁹⁾ ⁽¹⁵⁾ ⁽¹⁶⁾

07/13/23

1,151,660

1,130,548

1,166,170

0.15%

Glendower Capital Secondaries CFO, LLC

Class C Loan, Delayed Draw, 14.50% (due 07/12/2038) ⁽⁹⁾ ⁽¹⁵⁾ ⁽¹⁶⁾

07/13/23

527,343

517,677

534,621

0.07%

Total CFO Debt

1,648,225

1,700,791

0.22%

CFO Equity ⁽⁴⁾ ⁽⁸⁾

Structured Finance

United States

Glendower Capital Secondaries CFO, LLC

Subordinated Loan, Delayed Draw (effective yield 44.85%, maturity 07/12/2038) ⁽⁹⁾ ⁽¹⁶⁾

07/13/23

1,202,150

1,202,150

1,373,329

0.18%

Common Stock

Financial Services

United States

Delta Financial Holdings LLC

Common Units ⁽⁴⁾ ⁽⁹⁾ ⁽¹⁹⁾ ⁽²⁰⁾

07/19/23

1

1,147

574

0.00%

Delta Leasing SPV III, LLC

Common Equity ⁽⁴⁾ ⁽⁹⁾ ⁽¹⁹⁾ ⁽²⁰⁾

07/19/23

18

18

9

0.00%

Lender MCS Holdings, Inc.

Common Stock ⁽⁴⁾ ⁽¹⁹⁾

08/12/22

589

-

1,767

0.00%

Senior Credit Corp 2022 LLC

Common Stock ⁽⁴⁾ ⁽¹⁶⁾ ⁽²⁰⁾

01/30/23

2,151,309

2,151,309

2,365,162

0.30%

XAI Octagon Floating Rate Alternative Income Trust

Common Equity

02/01/24

383,107

2,700,330

2,716,229

0.35%

Total Financial Services

4,852,804

5,083,741

0.65%

Leisure

United States

All Day Holdings LLC

Common Stock ⁽⁴⁾ ⁽¹⁹⁾

08/19/22

560

-

8

0.00%

Oil & Gas

United States

McDermott International Ltd

Common Stock ⁽⁴⁾ ⁽¹⁹⁾

12/31/20

243,875

126,820

36,581

0.00%

Total Common Stock

4,979,624

5,120,330

0.65%

Corporate Bonds ⁽⁴⁾

Financial Services

United States

Delta Leasing SPV III, LLC

Notes, Delayed Draw, 13.00% (due 07/18/2030) ⁽⁷⁾ ⁽⁹⁾ ⁽¹⁵⁾ ⁽¹⁶⁾ ⁽²⁰⁾

07/19/23

4,705,847

4,705,847

4,705,847

0.60%

Senior Credit Corp 2022 LLC

Senior Unsecured, 8.50% (due 12/05/2028) ⁽¹⁵⁾ ⁽¹⁶⁾ ⁽²⁰⁾

01/30/23

5,019,722

5,019,722

5,019,722

0.64%

Total Corporate Bonds

9,725,569

9,725,569

1.24%

See accompanying notes to the consolidated financial statements

4

Eagle Point Credit Company Inc. & Subsidiaries

Consolidated Schedule of Investments

As of March 31, 2024

(expressed in U.S. dollars)

(Unaudited)

Acquisition

Principal Amount /

% of Net

Issuer ⁽¹⁾

Investment Description

Date ⁽²⁾

Shares

Cost

Fair Value ⁽³⁾

Assets

Preferred Stock ⁽⁴⁾

Financial Services

United States

Delta Financial Holdings LLC

Preferred Units ⁽⁹⁾ ⁽¹⁹⁾ ⁽²⁰⁾

07/19/23

$

252

$

251,801

$

251,882

0.03%

Regulatory Capital Relief Securities ⁽⁴⁾

Banking

Canada

Boreal Series 2022-2

Guarantee Linked Note - Class F, 18.36% (3M CDOR + 13.00%, due 02/20/2028) ⁽⁶⁾ ⁽⁹⁾ ⁽¹⁷⁾

11/30/22

4,550,000

3,382,020

3,463,802

0.44%

France

AASFL 2022-1

Credit Linked Note - Class B, 16.36% (1M EURIBOR + 12.50%, due 12/27/2030) ⁽⁶⁾ ⁽⁹⁾ ⁽¹³⁾

11/22/22

2,760,318

2,842,989

2,979,143

0.38%

BNP Paribas

Marianne Credit Linked Note, 13.44% (3M EURIBOR + 9.50%, due 10/12/2032) ⁽⁶⁾ ⁽⁹⁾ ⁽¹³⁾

09/22/23

1,154,658

1,229,306

1,246,214

0.16%

FCT Junon 2023-1

Class A Notes, 13.67% (3M EURIBOR + 9.75%, due 11/08/2033) ⁽⁶⁾ ⁽⁹⁾ ⁽¹³⁾

09/26/23

4,800,000

5,074,320

5,180,511

0.66%

PXL 2022-1

Junior Credit Linked Note, 16.81% (3M EURIBOR + 12.875%, due 12/29/2029) ⁽⁶⁾ ⁽⁹⁾ ⁽¹³⁾

12/16/22

3,800,000

4,025,340

4,098,297

0.52%

Total France

13,171,955

13,504,165

1.72%

United States

10/26/22

CRAFT 2022-1A

Credit Linked Note, 17.32% (CD SOFR + 12.00%, due 04/21/2032) ⁽⁶⁾ ⁽⁹⁾

4,300,000

4,300,000

4,666,196

0.60%

LOFT 2022-1A

Note - Class C, 24.36% (CD SOFR + 19.00%, due 02/28/2032) ⁽⁶⁾ ⁽⁹⁾

08/22/22

1,700,000

1,700,000

1,751,663

0.22%

Muskoka Series 2022-1

Guarantee Linked Note - Class F, 15.61% (CD SOFR + 10.25%, due 11/10/2027) ⁽⁶⁾ ⁽⁹⁾

10/12/22

3,800,000

3,800,000

3,927,206

0.50%

Standard Chartered 7

Note - Class B, 16.36% (CD SOFR + 11.00%, due 04/25/2031) ⁽⁶⁾ ⁽⁹⁾

10/07/22

6,100,000

6,100,000

6,296,336

0.81%

TRAFIN 2023-1

Notes, 15.35% (CD SOFR + 10.00%, due 06/01/2029) ⁽⁶⁾ ⁽⁹⁾

11/27/23

2,375,000

2,375,000

2,395,226

0.31%

Total United States

18,275,000

19,036,627

2.44%

Spain

09/14/22

Autonoria Spain 2022 FT

Note - Class G, 15.85% (1M EURIBOR + 12.00%, due 01/31/2040) ⁽⁶⁾ ⁽⁹⁾ ⁽¹³⁾

2,004,409

2,000,100

2,197,779

0.28%

Total Regulatory Capital Relief Securities

36,829,075

38,202,373

4.88%

Warrants ⁽⁴⁾

Oil & Gas

United States

Greenfire Resources Ltd

Warrant ⁽¹⁹⁾

09/27/23

2,008

-

-

0.00%

Total investments at fair value as of March 31, 2024

$

1,128,892,867

$

992,861,992

127.01%

Liabilities at fair value ⁽²¹⁾

6.6875% Unsecured Notes due 2028

Unsecured Note

$

(32,423,800)

$

(32,423,800)

$

(31,645,629)

-4.05%

5.375% Unsecured Notes due 2029

Unsecured Note

(93,250,000)

(93,250,000)

(84,186,100)

-10.77%

6.75% Unsecured Notes due 2031

Unsecured Note

(44,850,000)

(44,850,000)

(42,893,284)

-5.49%

6.50% Series C Term Preferred Stock due 2031

Preferred Stock

(54,313,825)

(54,337,922)

(47,600,636)

-6.09%

8.00% Series F Term Preferred Stock due 2029

(51,419,300)

(51,420,713)

(51,337,029)

-6.57%

Total liabilities at fair value as of March 31, 2024

$

(276,282,435)

$

(257,662,678)

-32.97%

Net assets above (below) investments at fair value and liabilities at fair value

46,276,156

Net assets as of March 31, 2024

$

781,475,470

  1. Unless otherwise noted, the Company is not affiliated with, nor does it "control" (as such term is defined in the Investment Company Act of 1940 (the "1940 Act")), any of the issuers listed. In general, under the 1940 Act, the Company would be presumed to "control" an issuer if it owned 25% or more of its voting securities.
  2. Acquisition date represents the initial date of purchase or the date the investment was contributed to the Company at the time of the Company's formation.
  3. Fair value is determined by the Adviser in accordance with written valuation policies and procedures, subject to oversight by the Company's Board of Directors, in accordance with Rule 2a-5 under the 1940 Act.
  4. Securities exempt from registration under the Securities Act of 1933, and are deemed to be "restricted securities". As of March 31, 2024, the aggregate fair value of these securities is $990.1 million, or 126.66% of the Company's net assets.
  5. Country represents the principal country of risk where the investment has exposure.
  6. Variable rate investment. Interest rate shown reflects the rate in effect at the reporting date. Investment description includes the reference rate and spread.
  7. As of March 31, 2024, the investment includes interest income capitalized as additional investment principal, referred to as "PIK" interest. The PIK interest rate represents the interest rate at payment date when PIK interest is received. See Note 2 "Summary of Significant Accounting Policies" for further discussion.
  8. CLO equity and CFO equity are entitled to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying assets less contractual payments to debt holders and fund expenses. The effective yield is estimated based on the current projection of the amount and timing of these recurring distributions in addition to the estimated amount of terminal principal payment. The effective yield and investment cost may ultimately not be realized. As of March 31, 2024, the Company's weighted average effective yield on its aggregate CLO equity positions, based on current amortized cost, was 16.40%. When excluding called CLOs, the Company's weighted average effective yield on its CLO equity
  9. Classified as Level III investment. See Note 3 "Investments" for further discussion.
  10. Fair value includes the Company's interest in fee rebates on CLO subordinated and income notes.
  11. As of March 31, 2024, the investment has been called. Expected value of residual distributions, once received, is anticipated to be recognized as return of capital, pending any remaining amortized cost, and/or realized gain for any amounts received in excess of such amortized cost.
  12. As of March 31, 2024, the effective yield has been estimated to be 0%. The aggregate projected amount of future recurring distributions and terminal principal payment is less than the amortized investment cost. Future recurring distributions, once received, will be recognized solely as return of capital until the aggregate projected amount of future recurring distributions and terminal principal payment exceeds the amortized investment cost.
  13. Investment principal amount is denominated in EUR.
  14. Loan accumulation facilities are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.
  15. Fixed rate investment.
  16. This investment has an unfunded commitment as of March 31, 2024. See Note 10 "Commitments and Contingencies" for further discussion.
  17. Investment principal amount is denominated in CAD.
  18. Fair value includes the Company's interest in fee rebates on CLO income notes along with the Company's share of income from a revenue sharing agreement.
  19. The following investment is not an income producing security.
  20. The following is an affiliated investment as defined under the 1940 act, which represents investments in which the Company owns 5% or more of the outstanding voting securities under common ownership or control. See Note 4 "Related Party Transactions" for further discussion.
  21. The Company has accounted for its 6.6875% Notes due 2028, 5.375% Notes due 2029, 6.75% Notes due 2031, 6.50% Series C Term Preferred Stock due 2031 and 8.00% Series F Term Preferred Stock due 2029 utilizing the fair value option election under ASC Topic 825. Accordingly, the aforementioned notes and preferred stock are carried at their fair value. See Note 2 "Summary of Significant Accounting Policies" for further discussion.

Reference Key:

CAD

Canadian Dollar

CD

Compounded Daily

CDOR

Canadian Dollar Offered Rate

EUR

Euro

EURIBOR Euro London Interbank Offered Rate

LIBOR

London Interbank Offered Rate

SOFR

Secured Overnight Financing Rate

See accompanying notes to the consolidated financial statements

5

Eagle Point Credit Company Inc. & Subsidiaries

Consolidated Schedule of Investments

As of March 31, 2024

(expressed in U.S. dollars)

(Unaudited)

Forward Currency Contracts, at Fair Value(1)

Currency Purchased

Currency Sold

Counterparty

Acquisition Date

Settlement Date

Fair Value

Unrealized appreciation on forward currency contracts

USD

4,120,403

EUR

3,800,000

Barclays Bank PLC

3/27/2024

4/30/2024

$

29,779

USD

3,363,984

CAD

4,536,000

Barclays Bank PLC

2/23/2024

4/30/2024

11,783

USD

5,189,780

EUR

4,800,000

Barclays Bank PLC

2/12/2024

4/30/2024

37,615

USD

3,379,193

EUR

3,100,000

Barclays Bank PLC

1/26/2024

4/30/2024

24,293

USD

13,442,581

EUR

12,300,000

Barclays Bank PLC

1/22/2024

4/30/2024

96,390

USD

1,321,426

EUR

1,200,000

Barclays Bank PLC

1/10/2024

4/12/2024

25,158

USD

16,119,445

EUR

14,700,000

Barclays Bank PLC

1/9/2024

4/11/2024

240,799

$

465,817

Unrealized depreciation on forward currency contracts

$

EUR

5,213,096

USD

5,668,679

Barclays Bank PLC

2/23/2024

4/30/2024

(33,348)

  1. See Note 4 "Derivative Contracts" for further discussion relating to forward currency contracts held by the Company.

See accompanying notes to the consolidated financial statements

6

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Eagle Point Credit Company Inc. published this content on 21 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2024 11:31:09 UTC.