ECC - Eagle Point Credit NII of $0.43 beats by $0.06

• Eagle Point Credit press release ( NYSE: ECC ): Q2 NII of $0.43 beats by $0.06 .
• NAV per common share of $10.08 as of June 30, 2022, compared to $12.64 as of March 31, 2022.
• “While the reduction in CLO security prices during the quarter impacted our NAV, we have found multiple opportunities to invest in secondary CLO securities at significant discounts,” added Mr. Majewski. “We believe the recent sell-off was more technical in nature and the prices of many securities have risen so far in the third quarter. With a strong balance sheet – 100% fixed-rate financing, no debt maturities prior to 2028 and approximately $50.8 million in available cash for investment as of July 31 – we remain well positioned to generate attractive risk-adjusted returns over the long term.”

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