The Company announced that it will redeem (i) all of the outstanding shares of its 7.75% Series B Term Preferred Stock due 2026 (NYSE: ECCB) (“Series B Term Preferred Stock”) on February 28, 2022 (the “Series B Redemption Date”), (ii) all of the aggregate principal amount of the outstanding 6.75% notes due 2027 (NYSE: ECCY) (the “2027 Notes”) on February 14, 2022 (the “2027 Notes Redemption Date”) and (iii) 50%, or $32,423,775 aggregate principal amount of the outstanding 6.875% notes due 2028 (NYSE: ECCX) (the “2028 Notes”) on February 14, 2022 (the “2028 Notes Redemption Date”). The redemption price of the Series B Term Preferred Stock will be $25 per share, plus an amount equal to all unpaid dividends and distributions on each share accumulated to, but excluding, the Series B Redemption Date, without interest thereon. The redemption price of the 2027 Notes will be $25 plus accrued and unpaid interest through, but excluding, the 2027 Notes Redemption Date. The redemption price for the 2028 Notes will be $25 plus accrued and unpaid interest through, but excluding, the 2028 Notes Redemption Date. All of the Series B Preferred Stock, the 2027 Notes and the 2028 Notes are held in book-entry form through The Depository Trust Company (“DTC”) and the Series B Term Preferred Stock, 2027 Notes and 2028 Notes will each be redeemed in accordance with the procedures of DTC. Payment to DTC for the shares of Series B Term Preferred Stock, the 2027 Notes and the 2028 Notes will be made by American Stock Transfer & Trust Company, LLC, (the “Redemption and Paying Agent”). From and after each of the applicable redemption dates, the Series B Term Preferred Stock, the 2027 Notes and the 2028 Notes being redeemed will no longer be deemed outstanding, dividends or interest will cease to accumulate and all the rights of the holders of such shares and/or notes will cease, except the right to receive the applicable redemption price. As of 2022-01-13, the Fund’s leverage was 32.3% and Collateralized Loan Obligation Group leverage was 26.7%.