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 Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 and fiscal year ended December 31, 2023 and certain additional activity through February 15, 2024. “The Company had a very good 2023. We generated a GAAP return of 20.79% in 2023 for our shareholders. Our portfolio generated strong cash flows each quarter and we sourced attractive investments for the Company throu.

Eagle Point Credit Company Inc. Announces Fourth Quarter and Year-End 2023 Financial Results

Aberdeen Income Credit Strategies Fund

Diana Shipping

Global Net Lease

Invesco Mortgage Capital

Medical Properties Trust

Orchid Island Capital

TPG RE Finance Trust

CVR Partners

Passive income is one way to make your money work for you. While passive income can come through many avenues, one way to get a steady stream is through dividend-paying stocks.

Want $3000 in Passive Income? Invest $1000 into These 15 Dividend Stocks

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. The Company has declared three separate monthly regular distributions of $0.14 per share on its common stock, payable on each of April 30, 2024, May 31, 2024 and June 28, 2024 to stockholders of record as of April 10, 2024, May 13, 2024 and June 10, 2024, respec.

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

OFS Capital

OFS Capital and Eagle Point Credit are very similar closed-end funds holding assets of the same type. Both offer safe-term preferred stocks protected by a 50% leverage limit. OFS Capital term preferred stock, symbol OCCIN, currently offers a 9.23% yield to maturity (annualized return), clearly the best in the sector. On the other hand, Eagle Point Credit's new term preferred, symbol ECCF, has a YTM of only 7.52%, worst in the sector, trades over par, and has the worst taxation.

Buy OFS Capital Term Preferred (OCCIN), Sell Eagle Point (ECCF) Term Preferred

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 and fiscal year ended December 31, 2023 on Thursday, February 22, 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.

Eagle Point Credit Company Inc. Schedules Release of Fourth Quarter 2023 and Year-end 2023 Financial Results on Thursday, February 22, 2024

The US economy is often underestimated, to the harm of those who do so. I own U.S. corporate debt through various vehicles to achieve high levels of income. True financial security is having a steady income that vastly outweighs your expenses.

I'm Betting On America With Another 17% Yielder: ECC

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

Oxford Lane Capital

Oxford Lane Capital Corp 6.75 % Cum Red Pfd Shs Series -2024-

Oxford Lane Capital Corp 7 1/2 % Term Cum Pfd Shs Series -2023-

We take a look at the action in preferreds and baby bonds through the third week of January and highlight some of the key themes we are watching. Preferreds were flat despite rising Treasury yields. Month-to-date, the higher-beta sectors outperformed. There are arguments on both sides when allocating between term and perpetual preferreds.

Preferreds Weekly Review: Comparing Term And Perpetual Preferreds

Liberty All-Star Growth Fund

Aberdeen Standard Global Infr Inc Fd

Blackstone Strategic Credit Fund

Blackrock Long-Term Municipal Advantage Trust

BNY Mellon Municipal Income, Inc. 

Clough Global Dividend and Income Fund

MainStay CBRE Global Infrastructure Megatrends Fund

Nuveen Build America Bond Fund

Nuveen Municipal High Income Opportunity Fund

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO Income Strategy Fund II

Brookfield Real Assets Income Fund

Liberty All Star Equity Fund

Western Asset Premier Bond Fund

Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation figures. PIMCO Corp & Inc Strat (PCN), a fund I've been high on for some time, has gone parabolic. There was a recommendation from a Seeking Alpha author that likely drove.

CEF Weekly Commentary | Swap Some MAIN Bonds?

I've been buying Eagle Point Credit Series D Preferreds since the market selloff in September 2023. These offer an 8.36% yield on cost and are trading for roughly 80 cents on the dollar. A cut to base interest rates this year should support capital appreciation as I continue to collect their monthly dividends.

Eagle Point Credit: I Went Heavy On Buying The Preferreds

AGNC Investment

YieldMax AAPL Option Income Strategy ETF

ARMOUR Residential REIT

Dynex Capital

Ellington Residential Mortgage REIT

Ellington Financial

Ishares Investment Grade Corporate Bond Buywrite Strategy ETF

Simplify Bitcoin Strategy PLUS Income ETF

YieldMax NVDA Option Income Strategy ETF

Defiance Nasdaq 100 Enhanced Options Income ETF

Stellus Capital Investment

San Juan Basin Royalty Trust

Credit Suisse X-Links Silver Shares Covered Call ETN

YieldMax SQ Option Income Strategy ETF

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

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 January U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (83); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >10.4% (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 1/11/24.

January's 83 Monthly Paid Dividend Stocks And 80 Funds

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 priced an underwritten public offering of 1,400,000 shares of its 8.00% Series F Term Preferred Stock due 2029 (the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $33.6 million after payment of underwriting discounts and commissions and estimated offering expen.

Eagle Point Credit Company Inc. Prices Offering of Preferred Stock

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

Dick's Sporting Goods

Goldman Sachs

Morgan Stanley

Blue Owl Capital Corp

Rexford Industrial Realty

Verizon

The article discusses our top 5 dividend picks for 2024. I will go over last year's top picks. And provide insights into how I picked the top 5 dividend stocks for 2024.

The Top 5 Dividend Stocks For 2024

Banco Macro

YieldMax COIN Option Income Strategy ETF

PennantPark Investment

Prospect Capital

Simplify Volatility Premium ETF

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 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

Capital Southwest

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 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

News for Eagle Point Credit ETF (ECC)