Sec Form 13G Filing - OA Eagle Group Investors LLC filing for EAGLE PT CR CO INC TERM PFD ST (ECCC) - 2023-02-08

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

  NAMES OF REPORTING PERSONS

  OA Eagle Group Investors, LLC, a Michigan limited liability company

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

  SEC USE ONLY

  CITIZENSHIP OR PLACE OF ORGANIZATION

  Michigan

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

  SOLE VOTING POWER

  0

  SHARED VOTING POWER

  239,895

  SOLE DISPOSITIVE POWER

  0

  SHARED DISPOSITIVE POWER

  239,895

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

  239,895

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

  ☐

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

  0.5%¹

  TYPE OF REPORTING PERSON

  OO

Based upon 48,025,043 shares of common stock, par value $0.001 per share (“Common Stock”), of Eagle Point Credit Company Inc. (the “Issuer”), outstanding as of September 30, 2022, as reported in the Issuer’s Form N-30B-2, filed with the Securities and Exchange Commission on November 15, 2022.

  NAMES OF REPORTING PERSONS

  OA Eagle Group Investors II, LLC, a Michigan limited liability company

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

  SEC USE ONLY

  CITIZENSHIP OR PLACE OF ORGANIZATION

  Michigan

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

  SOLE VOTING POWER

  0

  SHARED VOTING POWER

  230,491

  SOLE DISPOSITIVE POWER

  0

  SHARED DISPOSITIVE POWER

  230,491

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

  230,491

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

  ☐

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

  0.5%²

  TYPE OF REPORTING PERSON

  OO

Based upon 48,025,043 shares of Common Stock outstanding as of September 30, 2022 as reported in the Issuer’s Form N-30B-2.

  NAMES OF REPORTING PERSONS

  Ottawa Avenue Private Capital, LLC, a Delaware limited liability company

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

  SEC USE ONLY

  CITIZENSHIP OR PLACE OF ORGANIZATION

  Delaware

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

  SOLE VOTING POWER

  0

  SHARED VOTING POWER

  470,386

  SOLE DISPOSITIVE POWER

  0

  SHARED DISPOSITIVE POWER

  470,386

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

  470,386

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

  ☐

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

  1.0%³

  TYPE OF REPORTING PERSON

  OO

Based upon 48,025,043 shares of Common Stock outstanding as of September 30, 2022 as reported in the Issuer’s Form N-30B-2.

  NAMES OF REPORTING PERSONS

  Wakestream Holdings, Inc., a Michigan corporation

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

  SEC USE ONLY

  CITIZENSHIP OR PLACE OF ORGANIZATION

  Michigan

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

  SOLE VOTING POWER

  0

  SHARED VOTING POWER

  470,386

  SOLE DISPOSITIVE POWER

  0

  SHARED DISPOSITIVE POWER

  470,386

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

  470,386

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

  ☐

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

  1.0%⁴

  TYPE OF REPORTING PERSON

  CO

Based upon 48,025,043 shares of Common Stock outstanding as of September 30, 2022 as reported in the Issuer’s Form N-30B-2.

Name of Issuer:

Eagle Point Credit Company Inc. (“Issuer”)

Address of Issuer’s Principal Executive Offices:

600 Steamboat Road, Suite 202, Greenwich, CT 06830

Name of Person Filing:

This Amendment No. 1 amends the Schedule 13G originally filed with the Securities and Exchange Commission on May 18, 2018 (as amended, the “Schedule 13G”). The Schedule 13G is filed jointly pursuant to that certain Joint Filing Agreement filed herewith as Exhibit 99.1 by:

(1) OA Eagle Group Investors, LLC (“OAEG”)

(2) OA Eagle Group Investors II, LLC (“OAEG II”)

(3) Ottawa Avenue Private Capital, LLC (“Ottawa”)

(4) Wakestream Holdings, Inc. (“Wakestream”) (collectively, the “Reporting Persons”).

Address of Principal Business Office or, if None, Residence:

(1) The principal business address of OAEG is c/o Ottawa Avenue Private Capital, LLC, 200 Monroe Avenue NW, Grand Rapids, MI 49503.

(2) The principal business address of OAEG II is c/o Ottawa Avenue Private Capital, LLC, 200 Monroe Avenue NW, Grand Rapids, MI 49503.

(3) The principal business address of Ottawa is 200 Monroe Avenue NW, Grand Rapids, MI 49503.

(4) The principal business address of Wakestream is 200 Monroe Avenue NW, Grand Rapids, MI 49503.

Citizenship:

(1) OAEG is a Michigan limited liability company.

(2) OAEG II is a Michigan limited liability company.

(3) Ottawa is a Delaware limited liability company.

(4) Wakestream is a Michigan corporation.

Title of Class of Securities:

Common Stock, par value $0.001, of the Issuer (“Common Stock”)

CUSIP Number:

269808101

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(f) ☐ An employee benefit plan or endowment fund in accordance with §240.13d- 1(b)(1)(ii)(F).

(g) ☐ A parent holding company or control person in accordance with § 240.13d- 1(b)(1)(ii)(G).

(h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j) ☐ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J).

(k) ☐ Group, in accordance with §240.13d-1(b)(1)(ii)(K).

Not applicable.

Ownership.

Collectively, the securities reported in this Schedule 13G are held directly by OAEG and OAEG II. As of the date of this Schedule 13G, (i) OAEG is the record owner of 239,895 shares of Common Stock and (ii) OAEG II is the record owner of 230,491 shares of Common Stock. OAEG was established to hold the investment of its sole member, OA DV GP Investment Partners, LLC, a Michigan limited liability company. OAEG II was established to hold certain co-investors’ investments.

Each of OAEG and OAEG II is managed by Ottawa. Ottawa is managed by Wakestream Holdings, Inc. and the sole member and manager of Ottawa is Wakestream Holdings, Inc. (“Wakestream”). The board of directors of Wakestream has voting and dispositive power over the securities reported in this Schedule 13G. The members of such board of directors disclaim beneficial ownership with respect to such shares.

For purposes of this Schedule 13G, the “Ottawa Entities” collectively refers to OAEG, OAEG II, Ottawa, and Wakestream.

(a) Amount beneficially owned:

OAEG is the beneficial owner of 239,895 shares of Common Stock;

OAEG II is the beneficial owner of 230,491 shares of Common Stock;

Ottawa is the beneficial owner of 470,386 shares of Common Stock; and

Wakestream is the beneficial owner of 470,386 shares of Common Stock.

(b) Percent of class:⁶

OAEG is the beneficial owner of 0.5% of the outstanding shares of Common Stock;

OAEG II is the beneficial owner of 0.5% of the outstanding shares of Common Stock;

Ottawa is the beneficial owner of 1.0% of the outstanding shares of Common Stock; and

Wakestream is the beneficial owner of 1.0% of the outstanding shares of Common Stock.

(c) Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

OAEG has the sole power to vote or to direct the vote over 0 shares of Common Stock;

OAEG II has the sole power to vote or to direct the vote over 0 shares of Common Stock;

Ottawa has the sole power to vote or to direct the vote over 0 shares of Common Stock; and

Wakestream has the sole power to vote or to direct the vote over 0 shares of Common Stock.

(ii) Shared power to vote or to direct the vote:

OAEG has the shared power to vote or to direct the vote over 239,895 shares of Common Stock;

OAEG II has the shared power to vote or to direct the vote over 230,491 shares of Common Stock;

Ottawa has the shared power to vote or to direct the vote over 470,386 shares of Common Stock; and

Wakestream has the shared power to vote or to direct the vote over 470,386 shares of Common Stock.

(iii) Sole power to dispose or to direct the disposition of:

OAEG has the sole power to dispose or to direct the disposition of 0 shares of Common Stock;

OAEG II has the sole power to dispose or to direct the disposition of 0 shares of Common Stock;

Ottawa has the sole power to dispose or to direct the disposition of 0 shares of Common Stock; and

Wakestream has the sole power to dispose or to direct the disposition of 0 shares of Common Stock.

(iv) Shared power to dispose or to direct the disposition of:

OAEG has the shared power to dispose or to direct the disposition of 239,895 shares of Common Stock;

OAEG II has the shared power to dispose or to direct the disposition of 230,491 shares of Common Stock;

Ottawa has the shared power to dispose or to direct the disposition of 470,386 shares of Common Stock; and

Wakestream has the shared power to dispose or to direct the disposition of 470,386 shares of Common Stock.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Identification and Classification of Members of the Group.

Not applicable.

Notice of Dissolution of Group.

Not applicable.

Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

/s/ David S. Reynolds

/s/ David S. Reynolds

/s/ David S. Reynolds

/s/ Robert H. Schierbeek

Exhibit No.

Description