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

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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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Eagle Point Credit Company offers preferred shares and baby bonds with good coverage ratios for dividends and interest payments. ECC's balance sheet shows strong financial health with ample common equity to cover potential losses, providing a buffer for senior securities. Investors may consider ECC's 2029 baby bonds for a higher yield to maturity of 8% compared to the 2031 term preferred stock's 8.55% yield.

Eagle Point Credit: Securing An 8% YTM With Its Baby Bonds

Eagle Point Credit Co LLC operates as a closed-ended fund investing in collateralized loan obligations, with a particular focus on equity CLOs. ECC's return distribution relies heavily on dividends but has tail risk exposure. I'm concerned about certain economic variables, decreasing loan interest coverage ratios, and diminishing the cushion of over-collateralization.

Eagle Point Credit: Waiting On A Correction

Eagle Point Credit offers an exceptionally high 16.5% dividend yield that issues payments on a monthly basis. ECC provides exposure to Collateralized Loan Obligations through equity and debt investments. Interest rate cuts may serve as a catalyst for positive change in the market.

Eagle Point Credit: Potential Interest Rate Cuts Can Provide Relief

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

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A Glorious And Mysterious 17% Yield: Eagle Point Credit

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Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.

Building A 10% Income Portfolio Today

Eagle Point Credit Company (ECC) is a unique closed-end fund that invests in collateralized loan obligations (CLOs). On May 21st, ECC reported first quarter earnings, with ample cash flow and a continuation of the fund's supplemental dividend for common shares. ECC's management team provided a positive market update for the CLO market, highlighting low default rates and strong performance of the leveraged loan index.

Eagle Point Credit Company Q1: The Fund Continues To Deliver

Eagle Point Credit Co LLC (NYSE:ECC ) Q1 2024 Earnings Conference Call May 21, 2024 10:00 AM ET Company Participants Garrett Edson - ICR, IR Tom Majewski - CEO Ken Onorio - CFO & COO Conference Call Participants Mickey Schleien - Ladenburg Thalmann Operator Greetings, and welcome to the Eagle Point Credit Company First Quarter 2024 Financial Results Call. At this time, all participants are in a listen-only mode.

Eagle Point Credit Co LLC (ECC) Q1 2024 Earnings Call Transcript

Eagle Point (ECC) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.32 per share a year ago.

Eagle Point (ECC) Q1 Earnings and Revenues Lag Estimates

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced financial results for the quarter ended March 31, 2024 and certain additional activity through April 30, 2024. “The Company had a solid start to the year, deploying $131.1 million in net capital into new investments that we expect to generate attractive risk-adjusted returns and enhance our net investment income moving forward,” said Thomas P. Maj.

Eagle Point Credit Company Inc. Announces First Quarter 2024 Financial Results

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today is pleased to announce the declaration of distributions on shares of the Company's common stock. For the third quarter of 2024, the Company is declaring three separate monthly regular distributions of $0.14 per share on its common stock and three separate monthly supplemental distributions of $0.02 per share on its common stock. The distributions are payabl.

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

I plan to build a long position in Eagle Point Credit's Series D preferred shares, which have a maturity date in Q4 2026. Eagle Point Credit focuses on the equity tranches of CLO issues, which are riskier but offer higher rewards.

Eagle Point Credit: I Don't Mind The 8.5% Preferred Dividend Yield

Eagle Point Credit Company primarily invests in risky sections of collateralized loan obligations (CLOs), offering high rewards. ECC has maintained a 16% average yield and a current yield of 18.67% over its ten-year run. This article covers the holdings, risks, leverage, and characteristics of this fund and discusses suitability for investors of various risk levels.

ECC: Invest In CLOs With This 18% Yield CEF

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC) announced it has commenced a continuous public offering of up to 4,000,000 shares of its 7.00% Series AA Convertible and Perpetual Preferred Stock and 7.00% Series AB Convertible and Perpetual Preferred Stock (collectively, the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $91 million after payment of estimated commiss.

Eagle Point Credit Company Inc. Launches Offering of 7.00% Convertible and Perpetual Preferred Stock

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced that it plans to report financial results for the quarter ended March 31, 2024 on Tuesday, May 21, 2024. 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 interested.

Eagle Point Credit Company Inc. Schedules Release of First Quarter 2024 Financial Results on Tuesday, May 21, 2024

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Fixed-income portfolios with primarily shorter term bonds and term preferred stocks have reinvestment risk. Reinvestment risk is the risk that when your bonds mature that interest rates will be lower so you must reinvest that money at lower yields. This lowers your income. In my opinion the best fixed-income securities for safety and yield are term preferred stocks issued by closed end funds (CEFs) that invest in CLOs.

Bargain 8.80% Eagle Point Term Preferred Stock: Antidote To Reinvestment Risk

Unrealized gains are not the same as total return and should not be the sole measure of portfolio performance. Dividends are an important component of realized returns and can significantly impact total return. Time is a valuable asset for investors, and focusing on income generation can be more beneficial than obsessing over price fluctuations.

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Eagle Point Credit has provided a superior total return compared to Oxford Lane Capital over the last decade. ECC invests in equity tranches of CLOs, generating a higher yield for shareholders due to the riskier nature of these investments. ECC's portfolio is diverse, with exposure to various industries and a large percentage of loans rated below investment grade. However, historical data shows low default rates for this type of investment.

Eagle Point Credit: Earn A High Yield From CLOs

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News for Eagle Point Credit ETF (ECC)