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Eagle Point Credit Company (NYSE: ECC) has announced it will ring The Closing Bell® at the New York Stock Exchange on January 6, 2025, marking over a decade as a publicly traded company. Since its NYSE listing on October 8, 2014, the company has experienced significant growth, expanding its total assets from $275 million to over $1.3 billion as of November 30, 2024.
CEO Thomas P. Majewski highlighted the company’s success in creating shareholder value through its CLO investing strategy. Notably, initial IPO investors who maintained their positions have received more than 100% of their initial investment through cash distributions while retaining their ownership stakes in the company.
Eagle Point Credit Company (NYSE: ECC) ha annunciato che suonerà il The Closing Bell® alla Borsa di New York il 6 gennaio 2025, segnando oltre un decennio come società quotata in borsa. Dalla sua quotazione al NYSE dell’8 ottobre 2014, l’azienda ha registrato una crescita significativa, espandendo il proprio totale attivo da 275 milioni di dollari a oltre 1,3 miliardi di dollari al 30 novembre 2024.
Il CEO Thomas P. Majewski ha sottolineato il successo dell’azienda nella creazione di valore per gli azionisti attraverso la sua strategia di investimento in CLO. È importante notare che gli investitori iniziali dell’IPO che hanno mantenuto le loro posizioni hanno ricevuto più del 100% del loro investimento iniziale attraverso distribuzioni in contante, mantenendo allo stesso tempo le loro quote di proprietà nell’azienda.
Eagle Point Credit Company (NYSE: ECC) ha anunciado que sonará el The Closing Bell® en la Bolsa de Nueva York el 6 de enero de 2025, marcando más de una década como empresa cotizada. Desde su listado en la NYSE el 8 de octubre de 2014, la compañía ha experimentado un crecimiento significativo, expandiendo sus activos totales de 275 millones de dólares a más de 1.3 mil millones de dólares al 30 de noviembre de 2024.
El CEO Thomas P. Majewski destacó el éxito de la empresa en la creación de valor para los accionistas a través de su estrategia de inversión en CLO. Cabe destacar que los inversores iniciales de la OPV que mantuvieron sus posiciones han recibido más del 100% de su inversión inicial a través de distribuciones en efectivo, mientras conservaban sus participaciones en la empresa.
이글 포인트 크레딧 컴퍼니 (NYSE: ECC)가 2025년 1월 6일 뉴욕 증권 거래소에서 The Closing Bell®을 울릴 것이라고 발표했습니다. 이는 상장된 지 10년을 넘긴 것입니다. 2014년 10월 8일 NYSE에 상장된 이후, 이 회사는 유의미한 성장을 경험하며 총 자산을 2억 7500만 달러에서 2024년 11월 30일 기준으로 13억 달러 이상으로 확장했습니다.
CEO인 토마스 P. 마제프스키는 CLO 투자 전략을 통해 주주 가치를 창출하는 회사의 성공을 강조했습니다. 특히, 초기 IPO 투자자 중 보유를 유지한 이들은 현금 배분을 통해 초기 투자금의 100% 이상을 받으면서 회사의 소유권도 유지하였습니다.
Eagle Point Credit Company (NYSE: ECC) a annoncé qu’elle sonnera la The Closing Bell® à la Bourse de New York le 6 janvier 2025, marquant plus d’une décennie en tant qu’entreprise cotée en bourse. Depuis son introduction en bourse au NYSE le 8 octobre 2014, l’entreprise a connu une croissance significative, augmentant ses actifs totaux de 275 millions de dollars à plus de 1,3 milliard de dollars au 30 novembre 2024.
Le PDG Thomas P. Majewski a souligné le succès de l’entreprise dans la création de valeur pour les actionnaires grâce à sa stratégie d’investissement dans des CLO. Il est à noter que les investisseurs initiaux de l’IPO qui ont maintenu leurs positions ont reçu plus de 100 % de leur investissement initial sous forme de distributions en espèces tout en conservant leurs participations dans l’entreprise.
Eagle Point Credit Company (NYSE: ECC) hat bekanntgegeben, dass sie am 6. Januar 2025 die The Closing Bell® an der New Yorker Börse läuten wird, was mehr als ein Jahrzehnt als börsennotiertes Unternehmen markiert. Seit der Notierung an der NYSE am 8. Oktober 2014 hat das Unternehmen ein erhebliches Wachstum erlebt und seine Gesamtsumme der Vermögenswerte von 275 Millionen Dollar auf über 1,3 Milliarden Dollar zum 30. November 2024 ausgeweitet.
CEO Thomas P. Majewski hob den Erfolg des Unternehmens bei der Schaffung von Shareholder-Value durch seine CLO-Investitionsstrategie hervor. Besonders bemerkenswert ist, dass die ursprünglichen IPO-Investoren, die ihre Positionen gehalten haben, mehr als 100% ihrer ursprünglichen Investition durch Barverteilungen erhalten haben, während sie gleichzeitig ihre Eigentumsanteile am Unternehmen behielten.
Positive
- Total assets grew from $275M to $1.3B since IPO
- IPO investors received over 100% return through distributions while maintaining ownership
- 10+ years of consistent NYSE listing indicates stability
Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC) today announced that it will ring The Closing Bell® at the New York Stock Exchange (“NYSE”) on Monday, January 6, 2025, commemorating the Company being listed on the NYSE for over 10 years.
“We are honored to ring the bell at the NYSE in celebration of over 10 years as a publicly traded company,” said Thomas P. Majewski, Chief Executive Officer. “Our team is immensely proud of this milestone and the value we have created for shareholders through our differentiated approach to CLO investing. An investor in the Company’s IPO who still holds their shares has received over
Since its NYSE listing on October 8, 2014, the Company has grown from
ABOUT EAGLE POINT CREDIT COMPANY
The Company is a 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, primarily by investing in equity and junior debt tranches of CLOs. The Company is externally managed and advised by Eagle Point Credit Management LLC. Investors should consider the Company’s investment objectives, risks, charges and expenses carefully before investing.
FORWARD-LOOKING STATEMENTS
This press release 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 press release 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 press release.
Source: Eagle Point Credit Company Inc.
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Media Relations: Brian Ruby, [email protected]
Investor Relations: [email protected]
Source: Eagle Point Credit Company Inc.
FAQ
How much has ECC grown in assets since its 2014 NYSE listing?
ECC has grown from $275 million to over $1.3 billion in total assets as of November 30, 2024, since its NYSE listing on October 8, 2014.
What returns have ECC IPO investors received since 2014?
IPO investors who held their shares have received over 100% of their initial investment through cash distributions while maintaining their ownership in the company.
When will ECC ring the NYSE Closing Bell to celebrate its decade milestone?
ECC will ring The Closing Bell® at the New York Stock Exchange on Monday, January 6, 2025.
How long has ECC been listed on the NYSE?
ECC has been listed on the NYSE since October 8, 2014, marking over a decade as a public company.