Eagle Point Credit

Eagle Point Credit Co., Inc. is a closed-end investment company. Its investment objective is to generate high current income, and generate capital appreciation by investing primarily in equity and junior debt tranches of CLOs. The company was founded on March 24, 2014 and is headquartered in Greenwich, CT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Eagle Point Credit excels in Q1 2024, navigating market challenges

Eagle Point Credit's Q1 2024 performance reflects resilience and strategic agility in navigating market challenges while capitalizing on growth opportunities
The company's strong financial metrics, capital deployment strategies, and industry recognition position it well for sustained success in the evolving investment landscape
Despite challenges, Eagle Point Credit remains focused on optimizing portfolio performance, managing risks, and delivering value to shareholders through prudent financial management

Eagle Point Credit excels in Q2 with strategic investments and growth opportunities

ECC delivered a strong performance in Q2 2024, with increased cash flows, robust investment activity, and strategic financial maneuvers.
The company's solid asset coverage ratios, extended reinvestment periods, and NAV accretion highlight its financial strength and prudent management.
While facing challenges in a dynamic market, ECC can leverage opportunities like new stock offerings and high-yield investments for future growth.
Striking a balance between risk management and growth initiatives will be key for ECC to navigate potential market uncertainties and sustain performance.

Eagle Point Credit excels in Q3 with rising cash flows and NAV, poised for strategic growth

Eagle Point Credit delivered a solid performance in Q3 2024, with increasing cash flows, rising NAV per share, and strategic investments driving growth.
Despite challenges such as market volatility and maintaining consistent growth, the company's strengths in effective capital deployment and risk management stand out.
Opportunities lie in further optimizing the portfolio, exploring new investments, and leveraging its financial strength to drive future value creation.

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GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has commenced an underwritten public offering of its Series F Term Preferred Stock (the “Preferred Stock”). The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Preferred Stock is rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency.

Eagle Point Credit Company Inc. Announces Offering of Preferred Stock

Eagle Point Credit Co LLC is a closed-end investment fund that focuses on investments in equity and junior debt tranches of CLOs. The fund's allocation into speculative CLO structures makes it riskier and more volatile than other yield-seeking funds. I elaborate on ECC's equity and preferred shares and provide a justification on why I consider the 8.5% yielding preferreds more attractive with better risk and return ratio.

ECC: Worth Avoiding Equity And Instead Taking 8.5% Yielding Preferred Shares

Eagle Point Credit Company allows retail investors to access the asset class of collateralized loan obligations (CLOs) traditionally reserved for institutional investors. ECC's expense ratio of 9.5% is high, but it is declining over time, and the 17.2% dividend yield includes the expense ratio. ECC should be used as a small allocation in a portfolio to add meaningful yield, rather than being a core holding.

Eagle Point Credit: Where This 17.2% Yield Might Fit Into Your Portfolio

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Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst awaiting money is reduced by 300% or more! These December U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include: 1. Stocks by yield (79); 2. Stocks by price upside (30); 3. Closed-End-Investments, Exchange-Traded Funds & Notes (CEICs/ETFs/ETNs) by yield >9.5% (80). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. All per prices as of 12/8/23.

79 Monthly-Paying Dividend Stocks And 80 Funds For December

Worrying about a recession is the latest investment and retirement fad, but eventually we're going to live through multiple if history is our guide. The best plan to survive a recession – Boost your income! We examine an outstanding monthly distribution paying fund that just hit a major milestone.

Worried About A Recession? Time To Maximize Your Income: ECC

Oxford Lane Capital

Oxford Lane Capital Corp. (OXLC) and Eagle Point Credit Co. (ECC) are popular income investments that invest in the lowest tranches of collateralized loan obligations (CLOs). OXLC and ECC leverage their portfolios to support high distribution yields, but this adds more risk and amplifies losses during downturns. Investing in the baby bonds and preferred offerings of OXLC and ECC, and the other CLO funds, can provide safer and steadier cash flow opportunities for conservative investors.

OXLC And ECC: Climbing Up The Capital Stack For Safe Income

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The market is closed today, but our minds should never be. I take some time to express what I'm thankful for and discuss what you can do to be thankful in the future. We are entering a season of giving, expressing thanks, and love to others. Let's start that season off right.

3 Important Thanksgiving Considerations, Tips To Unlock Abundant Income

Eagle Point Credit Company Inc. is a fixed-income CEF with a primary objective of generating high current income from CLO equity. The CEF's liability structure includes a mix of unsecured notes and preferred equity, with the Series D preferred stock being the riskiest slice. The Series D preferred stock has a perpetual maturity date, was issued at the top of the market, and is classified as equity rather than 'Liabilities' on the balance sheet.

ECC.PR.D: The Riskiest Slice Of The Eagle Point CEF Capital Structure

Eagle Point Income Co showcases solid financial performance in Q3 2023. ECC's stock price demonstrates robust growth, with a positive long-term trajectory and potential for further improvement. The formation of a V-shaped bottom signals long-term bullish trends and indicates potential for higher breakouts.

Eagle Point Credit Presents Financial Strength With A Solid Technical Perspective

GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Credit (“Eagle Point”), a specialist investment manager focused on investing in CLO Securities, Portfolio Debt Securities, Regulatory Capital Relief and Strategic Credit, was named “Best US CLO Equity Investor,” winning 48% of the vote, and “Best US CLO Junior Debt Investor,” winning 42% of the vote, in a survey of 539 verified CLO investors, collateral managers, bankers, traders and service providers. The survey was conducted in October by Creditf.

Eagle Point Credit Voted “Best US CLO Equity Investor” and “Best US CLO Junior Debt Investor” in the Creditflux 2023 CLO Census

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Credit Co LLC (NYSE:ECC ) Q3 2023 Earnings Conference Call November 14, 2023 10:00 AM ET Company Participants Garrett Edson - ICR Tom Majewski - Chief Executive Officer Ken Onorio - Chief Financial Officer & Chief Operating Officer Conference Call Participants Mickey Schleien - Ladenburg Thalmann Ryan Lynch - KBW Matthew Howlett - B. Riley Securities Steven Bavaria - Inside the Income Factory Operator Greetings, and welcome to the Eagle Point Credit Company's Third Quarter 2023 Financial Results Call.

Eagle Point Credit Co LLC (ECC) Q3 2023 Earnings Call Transcript

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced financial results for the quarter ended September 30, 2023 and certain additional activity through October 31, 2023. “We are pleased that our net asset value per share increased by 7% in the quarter while we continued to make significant cash distributions to our shareholders,” said Thomas P. Majewski, Chief Executive Officer. “During the quarter, we de.

Eagle Point Credit Company Inc. Announces Third Quarter 2023 Financial Results

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today is pleased to announce the declaration of distributions on shares of the Company's common stock. The Company has declared three separate monthly regular distributions of $0.14 per share on its common stock, payable on each of January 31, 2024, February 29, 2024 and March 28, 2024 to stockholders of record as of January 11, 2024, February 9, 2024 and March 8, 2024.

Eagle Point Credit Company Inc. Announces First Quarter 2024 Regular and Supplemental Common Distributions and Preferred Distributions

Eagle Point Credit Company has experienced middling total returns in the past year despite its high yield. ECC show classic signs of being amortizing 'return of principal' funds. Total returns of 6-8% cannot fund 18% yields. ECC's subordinated position within the CLO structure and potential for elevated defaults in the leveraged loan space warrant caution for investors.

ECC: Avoid The Riskiest Part Of The CLO Structure (Rating Downgrade)

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it plans to report financial results for the quarter ended September 30, 2023 on Tuesday, November 14, 2023. The Company will discuss its financial results on a conference call on that day at 10:00 a.m. (Eastern Time). Thomas P. Majewski, Chief Executive Officer, will host the call along with Kenneth P. Onorio, Chief Financial Officer. All interest.

Eagle Point Credit Company Inc. Schedules Release of Third Quarter 2023 Financial Results on Tuesday, November 14, 2023

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We review CEF market valuation and performance through the third week of October and highlight recent market action. All CEF sector NAVs were down on the week, while only three sectors managed to tighten. Investor should not take CEF performance against benchmarks at face value.

CEF Weekly Review: Be Careful With CEF Benchmarks

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For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records, pay high distributions, and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 10% Yield (October 2023)

Collateralized loan obligations, or CLOs, are complex and challenging for retail investors, and even many writers and commentators, to understand and explain. Oxford Lane Capital Corporation and Eagle Point Credit were the first two funds to introduce CLOs to the retail investing community. I like the CLO asset class and own a lot of it via closed-end funds.

ECC And OXLC: Climbing The CLO Learning Curve

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Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These October U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (82); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >9.5% (80).

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I have identified several high yield investment opportunities for my income compounder portfolio during the recent market downturn. The income compounder method allows for continuous growth and reinvestment of distributions to generate a growing income stream for retirement. I highlight three high yield CLO-based investments in my IC portfolio: Eagle Point Credit Company, Oxford Lane Capital Corp, and Carlyle Credit Income fund.

Betting The Farm On High-Yield Income From CLOs, Without Risking It All

Every dividend you receive is an irrevocable return on investment. A big mistake investors make is frequently forgetting their free cash flow going into their bank accounts. It's time many of us get into a daily ritual of looking at our dividends alongside our morning cup of coffee.

Wake Up And Smell The Cash Flow: ECC Yield 17%

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CLO Equity CEFs: A Round-Up Of The Highest-Yielding CEF Sector

Eagle Point Credit offers a high yield of 18.9% through its distributions, making it an attractive investment for some investors. The company primarily invests in collateralized loan obligations, which carry higher risk but also the potential for high returns. While the company has implemented diversification to mitigate risk, there is still the potential for systemic risk and the sustainability of the high yield is questionable. Investors should approach with caution.

Eagle Point Credit: Enjoy High Distributions For Now

Eagle Point Credit is a closed-end fund specializing in Collateralized Loan Obligations with a high dividend yield of 17%. The management sees value in the secondary market, leading to potential dividend growth and market-beating ROI. ECC's portfolio consists of senior secured loans with a B-rated classification, offering higher yield but also higher risk.

Eagle Point Credit: Appealing NAV Price And Solid Performance

News for Eagle Point Credit ETF (ECC)