Eagle Point Credit Company Inc. [ECCU]
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Eagle Point Credit Company Inc. preferred securities represent a senior class of equity ownership in the closed-end fund specializing in collateralized loan obligation investments. These preferred shares feature fixed dividend rates and maintain priority claims over common equity in the distribution waterfall. The securities combine characteristics of both equity and fixed income, offering higher yields with preference status. Investors use these instruments to gain leveraged exposure to the CLO market while receiving regular fixed distributions.