ECC - Eagle Point Credit Q1 adjusted net investment income rises from Q4

May, 24 2022 09:08 AM Eagle Point Credit Company Inc.

Eagle Point Credit (NYSE:ECC) Q1 adjusted net investment income exceeded its aggregate regular common distribution for the quarter and lowered its overall financing costs during the quarter, the company said Tuesday. Net asset value of $12.64 per share at March 31 vs. $13.39 at Dec. 31, 2021. Q1 net investment income and realized capital losses were $0.30 per share, including $0.10 of non-recurring expenses and losses. Excluding the non-recurring items, Q1 net investment income and realized capital losses were $0.40, up from $0.37 in Q4 2021. Total common stock distributions for the quarter was $14.3M vs. $57.7M in the year-ago quarter. Weighted average effective yield on Eagle Point Credit's (ECC) collateralized loan obligation equity portfolio (excluding called CLOs), based on amortized cost, was 16.78% as of March 31, 2022, vs. 17.04% at Dec. 31, 2021. The company deployed $66.3M in net capital into CLO equity and debt investments and received

For further details see:

Eagle Point Credit Q1 adjusted net investment income rises from Q4

Company Name:	Eagle Point Credit Company Inc.
Stock Symbol:	ECC
Market:	NYSE

Twitter