Correspondence 0001104659-25-068894 from Eagle Point Enhanced Income Trust (CIK 0001992148)
Eagle Point Enhanced Income Trust (CIK 0001992148)
Date: July 18, 2025 · CIK: 0001992148 · Accession: 0001104659-25-068894
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-274966, 811-23909
Letter
VIA EDGAR Division of Investment Management 100 F Street, NE Washington, D.C. 20549 Re: Eagle Point Enhanced Income Trust Registration Statement on Form N-2 File Nos. 333-274966 and 811-23909
Dear Ms. McManus:
This letter responds to comments that you conveyed in a telephonic discussion with Alexander C. Karampatsos and Amanda Motley on July 14, 2025, with respect to Post-Effective Amendment No. 3 to the registration statement filed on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended ("Securities Act"), and the Investment Company Act of 1940, as amended (the "1940 Act"), filed with the U.S. Securities and Exchange Commission (the "SEC") on May 29, 2025, on behalf of Eagle Point Enhanced Income Trust (the "Fund"). The Fund has considered your comments and has authorized us to make the responses and changes discussed below to the Registration Statement on its behalf. Capitalized terms have the meanings attributed to such terms in the Registration Statement.
On behalf of the Fund, set forth below are the comments of the SEC staff ("Staff") along with our responses to or any supplemental explanations of such comments, as requested.
1. Comment : Please revise the disclosure on the cover page that states, "The Fund does not currently offer Class A, Class C, Class I or Class S Shares." to clarify that these share classes are not currently offered by the Fund itself but may be available for purchase as described in the "Choosing a Share Class" section.
Response : The Fund will revise the disclosure accordingly in a future filing when such Shares are offered for sale.
2. Comment : Please clarify the disclosure under the section titled "Derivatives and Other Related Techniques" that states, "Among other derivative instruments, the Adviser expects that the Fund may purchase or sell exchange-listed and OTC options, futures, options on futures, swaps and similar instruments, various interest rate transactions, such as swaps, caps, floors or collars, and credit transactions and credit default swaps."
Response : The Fund confirms the accuracy of the disclosure and respectfully declines to make any changes in response to this comment.
Ms. McManus July 18, 2025 Page 2
3. Comment : Please hyperlink the Fund's Consolidated Financial Statements on page B-21.
Response : The Fund undertakes to hyperlink the Consolidated Financial Statements in a Post-Effective Amendment to the Registration Statement.
* * *
We believe that the foregoing has been responsive to the Staff's comment. Please call the undersigned at (202) 261-3402 if you wish to discuss this correspondence further.
Sincerely,
/s/
Alexander C. Karampatsos
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CORRESP
1
filename1.htm
1900 K Street, NW
Washington, DC 20006-1110
+1 202 261 3300 Main
+1 202 261 3333 Fax
www.dechert.com
Alexander C. Karampatsos
alexander.karampatsos@dechert.com
+1 202 261 3402 Direct
July 18, 2025
VIA EDGAR
Ms. Kim McManus
U.S. Securities
and Exchange Commission
Division of
Investment Management
100 F Street,
NE
Washington,
D.C. 20549
Re: Eagle Point Enhanced Income Trust
Registration Statement on Form N-2
File Nos. 333-274966 and 811-23909
Dear Ms. McManus:
This letter responds to comments
that you conveyed in a telephonic discussion with Alexander C. Karampatsos and Amanda Motley on July 14, 2025, with respect to Post-Effective
Amendment No. 3 to the registration statement filed on Form N-2 (the "Registration Statement") under the Securities Act of
1933, as amended ("Securities Act"), and the Investment Company Act of 1940, as amended (the "1940 Act"), filed
with the U.S. Securities and Exchange Commission (the "SEC") on May 29, 2025, on behalf of Eagle Point Enhanced Income Trust
(the "Fund"). The Fund has considered your comments and has authorized us to make the responses and changes discussed below
to the Registration Statement on its behalf. Capitalized terms have the meanings attributed to such terms in the Registration Statement.
On behalf of the Fund, set forth
below are the comments of the SEC staff ("Staff") along with our responses to or any supplemental explanations of such comments,
as requested.
1. Comment : Please revise the disclosure on the cover page that states, "The Fund
does not currently offer Class A, Class C, Class I or Class S Shares." to clarify that these share classes are not currently offered
by the Fund itself but may be available for purchase as described in the "Choosing a Share Class" section.
Response : The
Fund will revise the disclosure accordingly in a future filing when such Shares are offered for sale.
2. Comment : Please clarify the disclosure under the section titled "Derivatives and
Other Related Techniques" that states, "Among other derivative instruments, the Adviser expects that the Fund may purchase
or sell exchange-listed and OTC options, futures, options on futures, swaps and similar instruments, various interest rate transactions,
such as swaps, caps, floors or collars, and credit transactions and credit default swaps."
Response :
The Fund confirms the accuracy of the disclosure and respectfully declines to make any changes in response to this comment.
Ms. McManus
July 18, 2025
Page 2
3. Comment : Please hyperlink the Fund's Consolidated Financial Statements on page
B-21.
Response : The
Fund undertakes to hyperlink the Consolidated Financial Statements in a Post-Effective Amendment to the Registration Statement.
* * *
We believe that the foregoing has been responsive
to the Staff's comment. Please call the undersigned at (202) 261-3402 if you wish to discuss this correspondence further.
Sincerely,
/s/
Alexander C. Karampatsos
Alexander C.
Karampatsos
cc: Nauman S. Malik, Eagle Point Credit Management LLC
Joshua M. Katz, Eagle Point Credit
Management LLC
Brooke A. Clark, Eagle Point Credit
Management LLC
Philip T. Hinkle,
Dechert LLP