Eagle Point Credit Company Inc. Announces Offering of Unsecured Notes

GREENWICH, Conn.–(BUSINESS WIRE)–Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, NYSE:ECCA,
NYSE:ECCZ) today announced that it has commenced a public offering of
its 7.00% Notes due 2020 (the “2020 Notes”). The 2020 Notes will be
issued under the same indenture and first supplemental indenture, each
dated as of December 4, 2015, between the Company and American Stock &
Trust Company LLC, pursuant to which the Company previously issued $25
million aggregate principal amount of the 2020 Notes in December 2015.
The 2020 Notes will mature on December 31, 2020 and may be redeemed in
whole or in part at any time or from time to time at the Company’s
option on or after December 31, 2017. The 2020 Notes will be issued in
minimum denominations of $25 and integral multiples of $25 in excess
thereof and bear interest at a rate of 7.00% per year, payable
quarterly, with the first interest payment on 2020 Notes sold in this
offering occurring on June 30, 2016. The 2020 Notes are listed on the
New York Stock Exchange under the symbol “ECCZ.”

The Company plans to use the net proceeds from the offering of the 2020
Notes to acquire investments in accordance with its investment
objectives and strategies and for general working capital purposes.

Incapital LLC is acting as sole book-running manager for the offering.

Investors should consider the Company’s investment objectives, risks,
charges and expenses carefully before investing. The preliminary
prospectus supplement dated May 31, 2016 and the accompanying prospectus
dated November 25, 2015, which have been filed with the Securities and
Exchange Commission (“SEC”), contain this and other information about
the Company and should be read carefully before investing. The
information in the preliminary prospectus supplement, the accompanying
prospectus and this press release is not complete and may be changed.
The preliminary prospectus supplement, the accompanying prospectus and
this press release are not offers to sell these securities and are not
soliciting an offer to buy these securities in any state where such
offer or sale is not permitted.

A shelf registration statement relating to these securities is on
file with and has been declared effective by the SEC. The offering may
be made only by means of a prospectus and a related prospectus
supplement, copies of which may be obtained by visiting EDGAR on the
SEC’s website at
http://www.sec.gov;
copies may also be obtained by writing Incapital LLC at, Attention: DCM
Prospectus Department, 200 S. Wacker Drive, Suite 3700, Chicago,
Illinois 60606, by calling 1 (800) 327-1546, or by sending an e-mail to
prospectus_requests@incapital.com.

ABOUT EAGLE POINT CREDIT COMPANY

The Company is a non-diversified, closed-end management investment
company. The Company’s investment objectives are to generate high
current income and capital appreciation primarily through investment in
equity and junior debt tranches of collateralized loan obligations. The
Company is externally managed and advised by Eagle Point Credit
Management LLC. The principals of Eagle Point Credit Management LLC are
Thomas P. Majewski, Daniel W. Ko and Daniel M. Spinner.

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.

NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Source: Eagle Point Credit Company Inc.

Contacts

Investor Relations:
Eagle Point Credit Company Inc.
Kenneth P.
Onorio, 203-340-8500
Chief Financial Officer
ir@EaglePointCredit.com
www.eaglepointcreditcompany.com