Welcome to our dedicated page for Eagle Point Credit news (Ticker: ECC), a resource for investors and traders seeking the latest updates and insights on Eagle Point Credit stock.
Eagle Point Credit Company Inc. is an externally managed, non-diversified closed-end management investment company focused on collateralized loan obligation securities. The company seeks high current income and capital appreciation by investing primarily in equity and junior debt tranches of CLOs backed by portfolios of below-investment-grade U.S. senior secured loans. It is advised by Eagle Point Credit Management LLC.
Recurring news for ECC includes quarterly financial results, net asset value and portfolio disclosures, distribution-related updates, and activity involving its listed common stock, preferred stock and notes. Company updates also reference at-the-market issuances and affiliated Eagle Point private credit strategies where they relate to ECC securities or distribution channels.
Eagle Point Credit (NYSE:ECC) reported first quarter 2026 results. NAV per common share was $4.17 on March 31, 2026, versus $5.70 on December 31, 2025. GAAP net loss was $148.4 million, or $1.12 per share.
The company generated NII of $0.20 per share and NII less realized losses of $0.14. It received $61.6 million of recurring cash distributions and deployed $100.2 million into new investments with an 18.9% weighted average effective yield.
Estimated NAV per share on April 30, 2026, is $4.49–$4.59. The portfolio was 67% CLO equity and 32% other credit assets, and several preferred and note redemptions were completed. Monthly common distributions of $0.06 per share were declared for third quarter 2026.
Eagle Point Credit Company (NYSE:ECC) declared third quarter 2026 distributions on common and multiple preferred share classes.
Common shareholders will receive three monthly distributions of $0.06 per share in July, August and September 2026, with specified record and payable dates.
Series C, D, AA and AB preferred distributions reflect annual rates of 6.50%–7.00% on a $25 liquidation preference.
Eagle Point Credit Company (NYSE: ECC) will report financial results for the quarter ended March 31, 2026, on Tuesday, May 19, 2026.
A conference call with CEO Thomas P. Majewski and CFO Kenneth P. Onorio is scheduled for 10:00 a.m. ET. Registration, dial-in numbers, and replay details are available on the company investor relations website.
Eagle Point Securities LLC announced its role as exclusive dealer manager for investment funds representing over $2 billion in assets. The company provides individual investors access to institutional private credit strategies managed by Eagle Point Credit Management LLC, which oversees $12 billion in total assets.
The investment strategies include Portfolio Debt Securities, regulatory capital relief transactions, strategic credit investments, and CLO securities. Eagle Point Securities serves as Dealer Manager for multiple funds, including Eagle Point Institutional Income Fund, Eagle Point Enhanced Income Trust, and various offerings from Eagle Point Credit Company (NYSE: ECC) and Eagle Point Income Company (NYSE: EIC).
Eagle Point Credit Company (NYSE: ECC) has expanded its continuous public offering of 7.00% Series AA and AB Convertible Perpetual Preferred Stock to 8,000,000 shares at $25 per share, targeting gross proceeds of $200 million.
The Preferred Stock features include:
- 7.00% annual dividend rate, paid monthly
- 'BBB' rating from Egan-Jones Ratings Company
- Convertible to company's common stock or cash at company's discretion
- Perpetual structure with attractive liquidity terms
CEO Thomas Majewski highlighted strong investor interest and expects the offering to provide accretive capital for ongoing deployment. Eagle Point Securities , an affiliate of the Company and FINRA/SIPC member, serves as the dealer manager for the offering.
Eagle Point Credit Company (NYSE: ECC) has announced it will ring The Closing Bell® at the New York Stock Exchange on January 6, 2025, marking over a decade as a publicly traded company. Since its NYSE listing on October 8, 2014, the company has experienced significant growth, expanding its total assets from $275 million to over $1.3 billion as of November 30, 2024.
CEO Thomas P. Majewski highlighted the company's success in creating shareholder value through its CLO investing strategy. Notably, initial IPO investors who maintained their positions have received more than 100% of their initial investment through cash distributions while retaining their ownership stakes in the company.
Eagle Point Credit Company Inc. (NYSE: ECC) is launching an offering of 7.00% Convertible and Perpetual Preferred Stock, aiming to raise around $91 million through the sale of up to 4,000,000 shares. The Preferred Stock offers a 7.00% annual dividend rate, is rated 'BBB' by Egan-Jones Ratings Company, and can be converted into common stock or cash.
Eagle Point Credit Management has announced financial results for its Eagle Point Institutional Income Fund for the initial operational period from June 1, 2022, to December 31, 2022. The Fund's net asset value per share decreased slightly to $9.97 as of December 31, 2022, from $10.00 on June 1, 2022, but it paid total distributions of $0.455 per share for 2022. In 2023, the Fund has already paid an additional $0.152 per share, equating to an 8.5% annualized distribution rate. The Fund primarily invests in senior secured loans, aiming for stable income for investors despite a volatile macroeconomic environment.
Eagle Point Credit Management has been recognized as the 'Best U.S. CLO Equity Investor' in a Creditflux survey involving 242 CLO industry experts. Garnering 30% of votes among 27 firms, this recognition highlights the effectiveness of its long-term investment strategies. Earlier this year, Eagle Point Credit Company (NYSE: ECC) also earned the title of 'Best Closed-End CLO Fund,' reflecting a strong performance in asset management, with over $5.9 billion managed as of September 2021.
Eagle Point Credit Company has been awarded the title of “Best Closed-End CLO Fund” by Creditflux at their Manager Awards in London on September 8. This recognition is based on data from January 2020 to March 2021, focusing on the change in value of eligible funds during a period of uncertainty in global markets. CEO Thomas Majewski expressed pride in the team’s efforts that led to this achievement, highlighting the company’s commitment to generating high current income and capital appreciation through investments in collateralized loan obligations.