ECC - Eagle Point Credit Q4 results highlight strong recurring cash flows; sees higher NAV in 2022
Eagle Point Credit (NYSE:ECC) fourth-quarter results on Thursday reflect strong recurring cash flows in its portfolio. Q4 net investment income and realized capital losses of $0.37 compared with $0.39 in the previous quarter. Net asset value of $13.39 in Q4 fell from $13.98 in the prior period. Based on amortized cost, the weighted average effective yield on the company’s CLO equity portfolio was 17.04% compared with 16.35% in the third quarter. The Company received $47.8 million of recurring cash distributions from its investment portfolio. Earlier, NAV was estimated to be $13.42-13.52 per share in 2022.
For further details see:
Eagle Point Credit Q4 results highlight strong recurring cash flows; sees higher NAV in 2022