Eagle Point Credit Key Executives
This section highlights Eagle Point Credit's key executives, including their titles and compensation details.
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Eagle Point Credit Earnings
This section highlights Eagle Point Credit's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-20 | $0.27 | $0.27 |
| Read Transcript | Q3 | 2024 | 2024-11-14 | $0.33 | $0.29 |
| Read Transcript | Q2 | 2024 | 2024-08-06 | $0.33 | $0.28 |
| Read Transcript | Q1 | 2024 | 2024-05-21 | $0.34 | $0.30 |
| Read Transcript | Q4 | 2023 | 2024-02-22 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-14 | $0.33 | $0.35 |
| Read Transcript | Q2 | 2023 | 2023-08-15 | $0.38 | $0.33 |
| Read Transcript | Q1 | 2023 | 2023-05-23 | $0.54 | $0.35 |
Eagle Point Credit Company Inc. is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S. senior secured loans. Eagle Point Credit Company Inc. was formed on March 24, 2014 and is domiciled in the United States.
$7.03
Stock Price
$844.89M
Market Cap
-
Employees
Greenwich, CT
Location
Financial Statements
Access annual & quarterly financial statements for Eagle Point Credit, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $97.61M | $139.07M | $-92.73M | $140.84M | $64.06M |
| Cost of Revenue | $- | $- | $27.14M | $21.18M | $15.02M |
| Gross Profit | $97.61M | $139.07M | $-119.87M | $119.66M | $49.04M |
| Gross Profit Ratio | 100.00% | 100.00% | 129.27% | 84.96% | 76.55% |
| Research and Development Expenses | $- | $- | $-1 | $1 | $2 |
| General and Administrative Expenses | $11.33M | $37.92M | $7.23M | $6.83M | $3.18M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $11.33M | $37.92M | $7.23M | $6.83M | $3.18M |
| Other Expenses | $788.19K | $- | $1.85M | $2.15M | $-6.52K |
| Operating Expenses | $12.12M | $37.92M | $9.08M | $8.98M | $3.17M |
| Cost and Expenses | $12.12M | $37.92M | $9.08M | $8.98M | $3.17M |
| Interest Income | $171.41M | $131.72M | $111.04M | $81.88M | $58.54M |
| Interest Expense | $18.34M | $13.63M | $14.13M | $14.47M | $10.50M |
| Depreciation and Amortization | $- | $31.23M | $206.02M | $-55.21M | $-43.96M |
| EBITDA | $- | $132.38M | $-87.68M | $- | $- |
| EBITDA Ratio | 0.00% | 95.19% | 94.56% | 0.00% | 0.00% |
| Operating Income | $85.49M | $101.15M | $-87.68M | $131.86M | $60.89M |
| Operating Income Ratio | 87.58% | 72.73% | 94.56% | 93.62% | 95.05% |
| Total Other Income Expenses Net | $- | $17.60M | $-14.13M | $- | $- |
| Income Before Tax | $85.49M | $118.75M | $-101.81M | $131.86M | $60.89M |
| Income Before Tax Ratio | 87.58% | 85.39% | 109.79% | 93.62% | 95.05% |
| Income Tax Expense | $- | $- | $82.99M | $150.00K | $36.48M |
| Net Income | $85.49M | $116.89M | $-101.81M | $131.86M | $60.89M |
| Net Income Ratio | 87.58% | 84.05% | 109.79% | 93.62% | 95.05% |
| EPS | $0.86 | $1.74 | $-2.17 | $3.51 | $1.88 |
| EPS Diluted | $0.86 | $1.74 | $-2.17 | $3.51 | $1.88 |
| Weighted Average Shares Outstanding | 99.41M | 67.18M | 46.89M | 37.53M | 32.35M |
| Weighted Average Shares Outstanding Diluted | 99.41M | 67.18M | 46.89M | 37.53M | 32.35M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.28M | $41.94M | $39.57M | $36.61M | $15.63M | $30.84M | $28.89M | $33.56M | $29.93M | $27.47M | $27.66M | $24.89M | $21.06M | $18.27M | $14.46M | $16.04M | $15.38M | $17.66M | $14.76M | $17.80M |
| Cost of Revenue | $- | $11.47M | $9.86M | $9.16M | $7.73M | $7.81M | $7.26M | $7.22M | $6.90M | $5.76M | $6.06M | $6.07M | $4.80M | $4.25M | $- | $- | $- | $- | $- | $- |
| Gross Profit | $42.28M | $30.47M | $29.71M | $27.46M | $7.90M | $23.03M | $21.63M | $26.34M | $23.03M | $21.71M | $21.60M | $18.82M | $16.26M | $14.03M | $14.46M | $16.04M | $15.38M | $17.66M | $14.76M | $17.80M |
| Gross Profit Ratio | 100.00% | 72.66% | 75.07% | 74.99% | 50.52% | 74.66% | 74.88% | 78.48% | 76.96% | 79.02% | 78.09% | 75.60% | 77.22% | 76.76% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $11.63M | $12.81M | $10.74M | $9.94M | $8.57M | $8.67M | $8.03M | $8.09M | $7.57M | $9.60M | $6.87M | $7.03M | $6.81M | $6.36M | $4.33M | $4.38M | $4.36M | $4.29M | $4.17M | $4.89M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $11.63M | $12.81M | $10.74M | $9.94M | $8.57M | $8.67M | $8.03M | $8.09M | $7.57M | $9.60M | $6.87M | $7.03M | $6.81M | $6.36M | $4.33M | $4.38M | $4.36M | $4.29M | $4.17M | $4.89M |
| Other Expenses | $- | $8.98M | $1.27M | $39.62M | $2.51M | $901.34K | $-8.99M | $-12.79M | $-120.03M | $- | $- | $- | $29.16M | $23.89M | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $11.63M | $1.36M | $8.42M | $31.04M | $21.33M | $7.99M | $19.88M | $16.65M | $125.91M | $43.68M | $15.43M | $27.05M | $-29.16M | $-23.89M | $83.35M | $31.04M | $38.86M | $145.42M | $24.72M | $56.90M |
| Cost and Expenses | $11.63M | $2.48M | $8.60M | $-30.46M | $5.22M | $6.91M | $16.24M | $20.02M | $126.93M | $42.83M | $15.24M | $-26.45M | $-24.36M | $-19.64M | $83.35M | $31.04M | $38.86M | $145.42M | $24.72M | $56.90M |
| Interest Income | $40.41M | $- | $- | $- | $3.87M | $3.87M | $3.87M | $3.87M | $3.87M | $4.35M | $4.31M | $4.14M | $3.46M | $2.71M | $2.56M | $2.56M | $2.56M | $2.81M | $3.13M | $3.13M |
| Interest Expense | $4.46M | $4.18M | $3.41M | $3.41M | $3.41M | $3.41M | $3.41M | $3.41M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $-29.05M | $-27.62M | $-28.63M | $-26.79M | $-23.14M | $-23.21M | $-22.41M | $-22.08M | $-21.32M | $-17.19M | $-17.98M | $-17.25M | $-13.10M | $-10.82M | $-10.10M | $-11.64M | $-10.99M | $-13.35M | $-10.56M | $-12.89M |
| EBITDA | $1.59M | $11.83M | $2.35M | $67.07M | $- | $720.96K | $- | $- | $-97.00M | $-15.36M | $- | $51.34M | $45.42M | $37.92M | $85.14M | $32.89M | $40.69M | $-143.91M | $-13.09M | $-55.12M |
| EBITDA Ratio | 3.77% | 28.21% | 5.93% | 183.20% | 0.00% | 2.34% | 0.00% | 0.00% | -324.08% | -55.91% | 0.00% | 206.26% | 215.69% | 207.49% | 588.79% | 204.97% | 264.56% | -814.80% | -88.70% | -309.62% |
| Operating Income | $30.65M | $39.45M | $30.97M | $67.07M | $10.40M | $23.93M | $12.64M | $13.55M | $-97.00M | $-15.36M | $12.41M | $51.34M | $45.42M | $37.92M | $10.10M | $11.64M | $10.99M | $13.35M | $10.56M | $12.89M |
| Operating Income Ratio | 72.50% | 94.08% | 78.28% | 183.20% | 66.57% | 77.59% | 43.76% | 40.36% | -324.08% | -55.91% | 44.88% | 206.26% | 215.69% | 207.49% | 69.88% | 72.55% | 71.48% | 75.57% | 71.51% | 72.42% |
| Total Other Income Expenses Net | $-33.51M | $-4.18M | $-3.41M | $-3.41M | $-16.17M | $-3.41M | $-15.25M | $-3.41M | $-3.40M | $-37.99M | $-4.93M | $-4.14M | $-3.46M | $-2.71M | $-2.56M | $- | $60.60K | $-143.91M | $-23.65M | $-55.12M |
| Income Before Tax | $-2.86M | $35.27M | $27.57M | $63.67M | $7.00M | $20.52M | $9.23M | $10.14M | $-100.40M | $-20.78M | $7.48M | $47.21M | $41.96M | $35.21M | $95.24M | $44.53M | $51.68M | $-130.57M | $-13.09M | $-42.23M |
| Income Before Tax Ratio | -6.77% | 84.11% | 69.67% | 173.89% | 44.76% | 66.54% | 31.96% | 30.21% | -335.46% | -75.63% | 27.06% | 189.63% | 199.26% | 192.69% | 658.67% | 277.53% | 336.04% | -739.23% | -88.70% | -237.19% |
| Income Tax Expense | $- | $560.85K | $476.62K | $464.76K | $23.60M | $23.67M | $22.87M | $22.54M | $21.78M | $17.63M | $18.13M | $17.25M | $13.10M | $10.82M | $85.14M | $32.89M | $40.69M | $-143.91M | $-23.65M | $-55.12M |
| Net Income | $-3.58M | $34.71M | $27.09M | $63.20M | $6.53M | $20.06M | $8.77M | $9.68M | $-100.86M | $-21.22M | $7.33M | $47.21M | $41.96M | $35.21M | $95.24M | $44.53M | $51.68M | $-130.57M | $-13.09M | $-42.23M |
| Net Income Ratio | -8.47% | 82.78% | 68.46% | 172.62% | 41.81% | 65.04% | 30.37% | 28.84% | -337.00% | -77.24% | 26.51% | 189.63% | 199.26% | 192.69% | 658.67% | 277.53% | 336.04% | -739.23% | -88.70% | -237.19% |
| EPS | $-0.04 | $0.43 | $0.35 | $0.88 | $0.10 | $0.36 | $0.16 | $0.20 | $-2.31 | $-0.53 | $0.20 | $1.34 | $1.22 | $1.09 | $2.94 | $1.40 | $1.72 | $-4.38 | $-0.46 | $-1.55 |
| EPS Diluted | $-0.04 | $0.43 | $0.35 | $0.88 | $0.10 | $0.36 | $0.16 | $0.20 | $-2.31 | $-0.53 | $0.20 | $1.34 | $1.22 | $1.09 | $2.94 | $1.40 | $1.72 | $-4.38 | $-0.46 | $-1.55 |
| Weighted Average Shares Outstanding | 97.78M | 80.73M | 76.95M | 71.99M | 62.83M | 55.73M | 55.05M | 48.03M | 43.68M | 40.04M | 36.66M | 35.29M | 34.49M | 32.35M | 32.35M | 31.76M | 29.96M | 29.79M | 28.63M | 27.16M |
| Weighted Average Shares Outstanding Diluted | 97.78M | 80.73M | 76.95M | 71.99M | 62.83M | 55.73M | 55.05M | 48.03M | 43.68M | 40.04M | 36.66M | 35.29M | 34.49M | 32.35M | 32.35M | 31.76M | 29.96M | 29.79M | 28.63M | 27.16M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $42.22M | $46.45M | $56.83M | $13.92M | $4.76M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $42.22M | $46.45M | $56.83M | $13.92M | $4.76M |
| Net Receivables | $54.81M | $34.63M | $35.92M | $23.06M | $23.89M |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $-54.81M | $2.69M | $962.75K | $702.38K | $426.89K |
| Total Current Assets | $42.22M | $83.77M | $92.75M | $36.98M | $28.65M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $1.41B | $870.73M | $667.16M | $730.72M | $483.51M |
| Tax Assets | $- | $- | $760.15M | $768.04M | $512.59M |
| Other Non-Current Assets | $-1.41B | $- | $-760.15M | $-768.04M | $-512.59M |
| Total Non-Current Assets | $1.46B | $870.73M | $667.16M | $730.72M | $483.51M |
| Other Assets | $1.51B | $-8.23K | $237.26K | $338.37K | $426.89K |
| Total Assets | $1.51B | $954.49M | $760.15M | $768.04M | $512.59M |
| Account Payables | $43.93M | $836.41K | $27.43M | $18.61M | $6.38M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $20.04K | $20.00K | $2.11M | $2.23M | $20.00K |
| Deferred Revenue | $- | $- | $-167.92M | $-195.22M | $-132.60M |
| Other Current Liabilities | $-43.95M | $-856.41K | $-29.53M | $-20.84M | $-6.40M |
| Total Current Liabilities | $- | $836.41K | $27.43M | $18.61M | $6.38M |
| Long Term Debt | $- | $204.65M | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $430.09M | $241.85M | $150.93M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-430.09M | $-101.15M | $-58.13M |
| Other Non-Current Liabilities | $- | $-204.65M | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $27.43M | $140.69M | $92.80M |
| Other Liabilities | $568.58M | $218.72M | $206.04M | $82.54M | $51.75M |
| Total Liabilities | $568.58M | $218.72M | $260.89M | $241.85M | $150.93M |
| Preferred Stock | $- | $27.43M | $26.14M | $23.89M | $- |
| Common Stock | $1.26B | $931.13M | $719.70M | $517.54M | $452.14M |
| Retained Earnings | $-312.69M | $-221.44M | $-224.95M | $-13.01M | $-90.99M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $4.51M | $-2.23M | $512.90K |
| Other Total Stockholders Equity | $-8.78M | $-1.35M | $-26.14M | $- | $1 |
| Total Stockholders Equity | $936.87M | $735.78M | $499.27M | $526.19M | $361.66M |
| Total Equity | $936.87M | $735.78M | $637.78M | $726.11M | $495.87M |
| Total Liabilities and Stockholders Equity | $1.51B | $954.49M | $760.15M | $768.04M | $512.59M |
| Minority Interest | $- | $- | $138.51M | $199.91M | $134.21M |
| Total Liabilities and Total Equity | $1.51B | $954.49M | $760.15M | $768.04M | $512.59M |
| Total Investments | $1.41B | $870.73M | $667.16M | $730.72M | $483.51M |
| Total Debt | $- | $157.71M | $150.77M | $140.69M | $92.80M |
| Net Debt | $-42.22M | $111.27M | $93.94M | $126.78M | $88.04M |
Balance Sheet Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $85.93M | $63.86M | $46.45M | $25.67M | $41.06M | $12.37M | $56.83M | $24.14M | $14.00M | $9.72M | $13.92M | $7.26M | $34.78M | $36.28M | $4.76M | $6.12M | $22.26M | $21.22M | $32.87M | $57.03M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $85.93M | $63.86M | $46.45M | $25.67M | $41.06M | $12.37M | $56.83M | $24.14M | $14.00M | $9.72M | $13.92M | $7.26M | $34.78M | $36.28M | $4.76M | $6.12M | $22.26M | $21.22M | $32.87M | $57.03M |
| Net Receivables | $53.60M | $36.67M | $34.63M | $48.59M | $33.71M | $36.38M | $35.92M | $31.63M | $27.56M | $45.16M | $23.06M | $44.65M | $25.78M | $19.07M | $23.89M | $38.97M | $34.61M | $18.10M | $12.73M | $24.06M |
| Inventory | $- | $1 | $83.12M | $- | $1 | $1 | $- | $- | $- | $- | $- | $1 | $- | $1 | $-426.89K | $1 | $1 | $1 | $2 | $- |
| Other Current Assets | $3.03M | $1.89M | $2.69M | $2.50M | $1.62M | $1.29M | $962.75K | $873.13K | $800.74K | $878.25K | $702.38K | $487.79K | $553.96K | $471.00K | $426.89K | $296.92K | $266.78K | $475.37K | $781.16K | $622.77K |
| Total Current Assets | $142.56M | $102.43M | $82.39M | $76.76M | $74.77M | $50.04M | $92.75M | $56.64M | $41.56M | $55.76M | $36.98M | $52.40M | $60.57M | $55.82M | $28.65M | $45.38M | $56.87M | $39.80M | $45.60M | $81.71M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $1.07B | $75.18M | $870.73M | $70.13M | $710.18M | $906.48K | $667.16M | $1.56M | $649.81M | $6.54M | $730.72M | $102.43K | $630.01M | $533.56M | $483.51M | $- | $340.27M | $- | $428.74M | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-1.07B | $917.68M | $-870.73M | $775.67M | $-710.18M | $714.92M | $-667.16M | $678.97M | $-649.81M | $731.47M | $-730.72M | $708.59M | $-630.01M | $- | $-483.51M | $396.97M | $-340.27M | $275.20M | $-428.74M | $438.32M |
| Total Non-Current Assets | $2.04B | $992.86M | $870.73M | $845.80M | $710.18M | $715.83M | $667.16M | $680.53M | $649.81M | $738.01M | $730.72M | $708.69M | $630.01M | $533.56M | $483.51M | $396.97M | $340.27M | $275.20M | $428.74M | $438.32M |
| Other Assets | $-974.87M | $- | $1.37M | $- | $514.25K | $- | $237.26K | $- | $280.23K | $- | $338.37K | $- | $370.10K | $- | $426.89K | $- | $266.78K | $- | $425.78K | $- |
| Total Assets | $1.21B | $1.10B | $954.49M | $922.56M | $785.46M | $765.87M | $760.15M | $737.16M | $691.65M | $793.77M | $768.04M | $761.09M | $690.95M | $589.38M | $512.59M | $442.36M | $397.41M | $315.00M | $474.76M | $520.03M |
| Account Payables | $21.76M | $10.49M | $836.41K | $17.99M | $90.00K | $- | $27.43M | $10.22M | $5.19M | $17.54M | $18.61M | $24.47M | $13.42M | $9.99M | $6.38M | $31.00M | $23.72M | $- | $- | $37.09M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $10.01K | $- | $20.00K | $- | $10.00K | $- | $2.11M | $- | $10.00K | $- | $2.23M | $- | $10.00K | $- | $20.00K | $- | $10.00K | $- | $28.00K | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $13.05M | $11.96M | $-856.41K | $11.17M | $-100.00K | $11.00M | $-29.53M | $8.52M | $-5.20M | $6.88M | $-20.84M | $7.28M | $-13.43M | $6.08M | $-6.40M | $5.34M | $-23.73M | $4.38M | $-28.00K | $4.91M |
| Total Current Liabilities | $34.82M | $22.45M | $836.41K | $29.16M | $90.00K | $11.00M | $27.43M | $18.74M | $5.19M | $24.42M | $18.61M | $31.75M | $13.42M | $16.08M | $6.38M | $36.34M | $23.72M | $4.38M | $4.24M | $42.00M |
| Long Term Debt | $260.87M | $257.69M | $- | $195.46M | $- | $198.85M | $- | $200.90M | $- | $221.46M | $- | $235.78M | $- | $184.41M | $- | $137.83M | $- | $128.08M | $167.25M | $166.91M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $16.58K | $- | $- | $- | $14.96K | $- | $- | $- | $75.25K | $-167.25M | $31.71K |
| Total Non-Current Liabilities | $260.87M | $257.69M | $157.71M | $195.46M | $154.10M | $198.85M | $27.43M | $200.90M | $5.19M | $221.47M | $18.61M | $235.78M | $140.34M | $184.43M | $92.80M | $137.83M | $23.72M | $128.15M | $171.49M | $166.94M |
| Other Liabilities | $13.06M | $- | $60.17M | $- | $56.96M | $- | $206.04M | $- | $214.94M | $- | $204.63M | $- | $89.86M | $- | $51.75M | $- | $114.08M | $- | $-4.24M | $- |
| Total Liabilities | $308.75M | $280.14M | $218.72M | $224.62M | $211.15M | $209.85M | $260.89M | $219.64M | $225.31M | $245.89M | $241.85M | $267.53M | $243.62M | $200.51M | $150.93M | $174.17M | $161.51M | $132.54M | $171.49M | $208.94M |
| Preferred Stock | $47.24M | $33.68M | $27.43M | $26.55M | $26.19M | $26.19M | $26.14M | $26.14M | $26.14M | $26.10M | $23.89M | $- | $2.44M | $- | $- | $- | $- | $- | $1.07M | $- |
| Common Stock | $1.14B | $1.01B | $931.13M | $891.73M | $799.71M | $752.56M | $719.70M | $648.71M | $599.35M | $568.39M | $517.54M | $490.10M | $479.33M | $452.14M | $452.14M | $480.93M | $480.37M | $467.15M | $452.76M | $502.95M |
| Retained Earnings | $-272.60M | $-225.49M | $-221.44M | $-220.21M | $-250.87M | $-228.93M | $-224.95M | $-177.01M | $-167.45M | $-48.52M | $-13.01M | $7.15M | $-29.57M | $-63.55M | $-90.99M | $-212.67M | $-249.62M | $-294.04M | $-148.42M | $-190.51M |
| Accumulated Other Comprehensive Income Loss | $- | $-5.90M | $-1.35M | $-131.57K | $-722.52K | $6.19M | $4.51M | $19.68M | $8.30M | $1.90M | $-2.23M | $-3.69M | $-2.44M | $278.82K | $512.90K | $-71.47K | $5.14M | $9.34M | $-1.07M | $-1.35M |
| Other Total Stockholders Equity | $-8.71M | $- | $- | $- | $- | $- | $-26.14M | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $902.37M | $815.15M | $735.78M | $697.94M | $574.31M | $556.02M | $499.27M | $517.53M | $466.34M | $547.87M | $526.19M | $493.56M | $447.33M | $388.87M | $361.66M | $268.19M | $235.89M | $182.46M | $303.27M | $311.09M |
| Total Equity | $902.37M | $815.15M | $735.78M | $697.94M | $574.31M | $556.02M | $499.27M | $517.53M | $466.34M | $547.87M | $526.19M | $493.56M | $447.33M | $388.87M | $361.66M | $268.19M | $235.89M | $182.46M | $303.27M | $311.09M |
| Total Liabilities and Stockholders Equity | $1.21B | $1.10B | $954.49M | $922.56M | $785.46M | $765.87M | $760.15M | $737.16M | $691.65M | $793.77M | $768.04M | $761.09M | $690.95M | $589.38M | $512.59M | $442.36M | $397.41M | $315.00M | $474.76M | $520.03M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.21B | $1.10B | $954.49M | $922.56M | $785.46M | $765.87M | $760.15M | $737.16M | $691.65M | $793.77M | $768.04M | $761.09M | $690.95M | $589.38M | $512.59M | $442.36M | $397.41M | $315.00M | $474.76M | $520.03M |
| Total Investments | $1.07B | $75.18M | $870.73M | $70.13M | $710.18M | $906.48K | $667.16M | $1.56M | $649.81M | $6.54M | $730.72M | $102.43K | $630.01M | $533.56M | $483.51M | $- | $340.27M | $- | $428.74M | $- |
| Total Debt | $260.87M | $257.69M | $157.71M | $195.46M | $154.10M | $198.85M | $150.77M | $200.90M | $160.76M | $221.46M | $140.69M | $235.78M | $140.34M | $184.41M | $92.80M | $137.83M | $87.55M | $128.08M | $99.75M | $166.91M |
| Net Debt | $174.94M | $193.82M | $111.27M | $169.79M | $113.03M | $186.48M | $93.94M | $176.76M | $146.77M | $211.74M | $126.78M | $228.51M | $105.56M | $148.13M | $88.04M | $131.71M | $65.29M | $106.86M | $66.88M | $109.88M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $85.49M | $116.89M | $-103.64M | $131.71M | $60.89M |
| Depreciation and Amortization | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $-1.92M | $-519.64K | $-9.83M | $-1.98M | $-3.09M |
| Accounts Receivables | $-6.80M | $11.35K | $-12.50M | $-5.90M | $-4.42M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $2.61M | $1.21M | $1.23M |
| Other Working Capital | $4.88M | $-531.00K | $55.70K | $2.71M | $102.37K |
| Other Non Cash Items | $-512.58M | $-197.94M | $38.49M | $-244.44M | $-56.57M |
| Net Cash Provided by Operating Activities | $-429.00M | $-81.57M | $-74.97M | $-114.71M | $1.22M |
| Investments in Property Plant and Equipment | $- | $-4 | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-315.75M | $-342.50M | $-485.03M | $-225.13M |
| Sales Maturities of Investments | $- | $- | $210.49M | $327.55M | $193.81M |
| Other Investing Activities | $- | $- | $- | $- | $31.35M |
| Net Cash Used for Investing Activities | $- | $- | $-132.01M | $-157.48M | $22.72K |
| Debt Repayment | $115.00M | $- | $31.94M | $44.85M | $-3.74M |
| Common Stock Issued | $318.69M | $218.16M | $205.89M | $68.99M | $36.56M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-168.46M | $-148.12M | $-103.43M | $-39.21M | $-40.28M |
| Other Financing Activities | $159.14M | $1.29M | $-16.52M | $167.74M | $-21.99M |
| Net Cash Used Provided by Financing Activities | $424.38M | $71.33M | $117.87M | $123.94M | $-29.46M |
| Effect of Forex Changes on Cash | $404.59K | $-150.28K | $16.80K | $-72.62K | $111.57K |
| Net Change in Cash | $-4.22M | $-10.39M | $42.92M | $9.16M | $-28.11M |
| Cash at End of Period | $42.22M | $46.45M | $56.83M | $13.92M | $4.76M |
| Cash at Beginning of Period | $46.45M | $56.83M | $13.92M | $4.76M | $32.87M |
| Operating Cash Flow | $-429.00M | $-81.57M | $-74.97M | $-114.71M | $1.22M |
| Capital Expenditure | $- | $-4 | $- | $- | $- |
| Free Cash Flow | $-429.00M | $-81.57M | $-74.97M | $-114.71M | $1.22M |
Cash Flow Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-3.58M | $34.71M | $27.09M | $63.20M | $6.53M | $20.06M | $8.77M | $9.68M | $-100.86M | $-21.22M | $7.33M | $47.21M | $41.96M | $35.21M | $95.24M | $44.53M | $51.68M | $-130.57M | $-13.09M | $-42.23M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $3.52M | $-529.90K | $-485.33K | $-509.21K | $2.75M | $-2.27M | $-4.11M | $-2.43M | $-51.27K | $-3.24M | $536.85K | $-1.37M | $-83.92K | $-1.06M | $1.28M | $-1.59M | $1.01M | $-3.77M | $3.36M | $-1.30M |
| Accounts Receivables | $2.17M | $-551.78K | $-923.05K | $-1.75M | $3.87M | $-1.18M | $-7.48M | $-2.90M | $-1.46M | $-656.85K | $-1.38M | $-2.23M | $-769.42K | $-1.52M | $1.17M | $-1.98M | $325.73K | $-3.94M | $4.19M | $-1.14M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $-277.18K | $934.90K | $1.05M | $-803.99K | $1.07M | $1.06M | $294.66K | $1.16M | $97.26K | $-430.43K | $973.24K | $434.45K | $235.80K | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $1.35M | $299.06K | $-497.18K | $191.76K | $-318.43K | $-2.16M | $2.31M | $177.89K | $244.81K | $-2.68M | $2.35M | $-116.54K | $251.06K | $225.98K | $100.67K | $390.27K | $679.76K | $169.29K | $-837.43K | $-164.06K |
| Other Non Cash Items | $-73.50M | $-11.24M | $-2.59M | $-39.78M | $9.58M | $-635.47K | $16.12M | $11.10M | $118.56M | $34.61M | $8.07M | $-32.73M | $-31.92M | $-25.83M | $-96.34M | $-52.07M | $-57.35M | $149.19M | $-19.41M | $66.30M |
| Net Cash Provided by Operating Activities | $-73.57M | $22.11M | $24.03M | $22.21M | $21.93M | $17.04M | $14.36M | $15.74M | $17.34M | $9.59M | $14.13M | $11.86M | $9.62M | $7.04M | $173.02K | $-9.14M | $-4.66M | $14.85M | $-29.15M | $22.77M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-200.33M | $-172.19M | $-55.99M | $-132.58M | $-53.00M | $-74.18M | $-39.95M | $-83.75M | $-131.59M | $-87.21M | $-130.22M | $-130.21M | $-164.67M | $-59.94M | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $97.99M | $67.56M | $40.85M | $35.39M | $41.30M | $31.44M | $16.52M | $48.19M | $104.58M | $41.19M | $101.94M | $79.80M | $98.63M | $47.18M | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $-104.62M | $-15.13M | $-97.19M | $-11.71M | $-42.75M | $-23.42M | $-35.55M | $-27.01M | $-46.03M | $-28.27M | $-50.41M | $-66.04M | $-12.76M | $- | $- | $- | $- | $- | $- |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $27.02M | $- | $31.94M | $23.24M | $- | $5.85M | $39.00M | $- | $- | $-270.78K | $-3.47M | $- | $- |
| Common Stock Issued | $138.33M | $139.28M | $47.66M | $92.11M | $47.03M | $32.65M | $75.08M | $49.16M | $30.91M | $50.74M | $37.15M | $10.89M | $27.01M | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $-5.30M | $- | $54.05M | $- | $- | $-278.63K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-43.53M | $-38.77M | $-35.63M | $-32.55M | $-28.48M | $-51.47M | $-33.38M | $-19.24M | $-18.07M | $-32.75M | $-12.98M | $-10.49M | $-7.98M | $-7.77M | $-7.67M | $-7.62M | $-7.28M | $-17.71M | $-16.65M | $-15.92M |
| Other Financing Activities | $138.33M | $139.28M | $47.66M | $92.11M | $46.98M | $32.70M | $75.07M | $-26.96M | $32.02M | $33.05M | $-26.40M | $21.66M | $57.01M | $6.06M | $6.05M | $595.89K | $13.24M | $-22.73M | $21.61M | $23.09M |
| Net Cash Used Provided by Financing Activities | $94.80M | $100.51M | $12.03M | $59.57M | $18.51M | $-18.77M | $41.69M | $29.99M | $13.95M | $32.24M | $20.72M | $11.17M | $54.88M | $37.29M | $-1.62M | $-7.02M | $5.69M | $-26.50M | $4.96M | $7.17M |
| Effect of Forex Changes on Cash | $831.50K | $-576.60K | $-146.69K | $23.14K | $-35.34K | $8.60K | $65.28K | $-35.99K | $-8.21K | $-4.29K | $69.47K | $-30.35K | $-7.53K | $-104.21K | $93.43K | $16.24K | $12.31K | $-10.41K | $13.64K | $-13.87K |
| Net Change in Cash | $22.07M | $17.42M | $20.78M | $-15.39M | $28.69M | $-44.46M | $32.70M | $10.14M | $4.28M | $-4.20M | $6.65M | $-27.52M | $-1.50M | $31.52M | $-1.36M | $-16.14M | $1.04M | $-11.65M | $-24.16M | $29.97M |
| Cash at End of Period | $85.93M | $63.86M | $46.45M | $25.67M | $41.06M | $12.37M | $56.83M | $24.14M | $14.00M | $9.72M | $13.92M | $7.26M | $34.78M | $36.28M | $4.76M | $6.12M | $22.26M | $21.22M | $32.87M | $57.03M |
| Cash at Beginning of Period | $63.86M | $46.45M | $25.67M | $41.06M | $12.37M | $56.83M | $24.14M | $14.00M | $9.72M | $13.92M | $7.26M | $34.78M | $36.28M | $4.76M | $6.12M | $22.26M | $21.22M | $32.87M | $57.03M | $27.05M |
| Operating Cash Flow | $-73.57M | $22.11M | $24.03M | $22.21M | $21.93M | $17.04M | $14.36M | $15.74M | $17.34M | $9.59M | $14.13M | $11.86M | $9.62M | $7.04M | $173.02K | $-9.14M | $-4.66M | $14.85M | $-29.15M | $22.77M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-73.57M | $22.11M | $24.03M | $22.21M | $21.93M | $17.04M | $14.36M | $15.74M | $17.34M | $9.59M | $14.13M | $11.86M | $9.62M | $7.04M | $173.02K | $-9.14M | $-4.66M | $14.85M | $-29.15M | $22.77M |
Eagle Point Credit Dividends
Explore Eagle Point Credit's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
19.08%
Dividend Payout Ratio
197.05%
Dividend Paid & Capex Coverage Ratio
-2.55x
Eagle Point Credit Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.14 | $0.14 | June 10, 2025 | June 10, 2025 | June 30, 2025 | |
| $0.14 | $0.14 | May 12, 2025 | May 12, 2025 | May 30, 2025 | February 12, 2025 |
| $0.14 | $0.14 | April 10, 2025 | April 10, 2025 | April 30, 2025 | February 12, 2025 |
| $0.14 | $0.14 | March 11, 2025 | March 11, 2025 | March 31, 2025 | November 06, 2024 |
| $0.14 | $0.14 | February 10, 2025 | February 10, 2025 | February 28, 2025 | November 06, 2024 |
| $0.14 | $0.14 | January 13, 2025 | January 13, 2025 | January 31, 2025 | November 06, 2024 |
| $0.16 | $0.16 | December 11, 2024 | December 11, 2024 | December 31, 2024 | July 30, 2024 |
| $0.16 | $0.16 | November 12, 2024 | November 12, 2024 | November 29, 2024 | July 30, 2024 |
| $0.16 | $0.16 | October 11, 2024 | October 11, 2024 | October 31, 2024 | July 30, 2024 |
| $0.16 | $0.16 | September 10, 2024 | September 10, 2024 | September 30, 2024 | May 15, 2024 |
| $0.16 | $0.16 | August 12, 2024 | August 12, 2024 | August 30, 2024 | May 15, 2024 |
| $0.16 | $0.16 | July 11, 2024 | July 11, 2024 | July 31, 2024 | May 15, 2024 |
| $0.16 | $0.16 | June 10, 2024 | June 10, 2024 | June 28, 2024 | February 13, 2024 |
| $0.16 | $0.16 | May 10, 2024 | May 13, 2024 | May 31, 2024 | February 13, 2024 |
| $0.16 | $0.16 | April 09, 2024 | April 10, 2024 | April 30, 2024 | February 13, 2024 |
| $0.16 | $0.16 | March 07, 2024 | March 08, 2024 | March 28, 2024 | November 08, 2023 |
| $0.16 | $0.16 | February 08, 2024 | February 09, 2024 | February 29, 2024 | November 08, 2023 |
| $0.16 | $0.16 | January 10, 2024 | January 11, 2024 | January 31, 2024 | November 08, 2023 |
| $0.16 | $0.16 | December 08, 2023 | December 11, 2023 | December 29, 2023 | August 09, 2023 |
| $0.16 | $0.16 | November 10, 2023 | November 13, 2023 | November 30, 2023 | August 09, 2023 |
Eagle Point Credit News
Read the latest news about Eagle Point Credit, including recent articles, headlines, and updates.
Eagle Point Credit: Why I'm Buying The Notes And Preferreds But Avoiding The Common Stock
ECC is seeing a shift towards a more aggressive portfolio, which increases risk for common equity shareholders in various ways. Firstly, ECC has meaningful exposure to borrowers in consumer-sensitive sectors that are at the highest risk of rising default rates. Secondly, spread compression continues to pressure net investment incomes (NIIs).
Why CLO Equity Could Be In For More Pain Ahead (And How To Navigate It)
CLO equity prices are facing pressure from rising risks and default expectations. CLO equity is still generating strong cash flows for patient investors. Our CEF rotation strategy can deliver alpha during volatile market conditions.
Closed-End Funds: Seeking Stable Yields From CLO Baby Bonds And Preferred
Collateralized loan obligation CEFs offer high yields but come with significant leverage, volatility and higher risk, making them less appropriate for all income investors. Baby bonds and preferred offerings from CLO CEFs provide safer, more stable income, balancing risk-reward when it comes to seeking income. We have new offerings in the space since our last update, leading to greater diversification potential and increasing the viability of setting up a ladder of maturities.
ECC, OCCI Or Neither Of Them: A Pairs Trade For 2 CEFs
I'm currently favoring low-duration debt from CLO CEFs, hedging by shorting overvalued CEFs, and recently initiated a pair trade: Long ECC, short OCCI. ECC's high non-leverage expenses and lower asset yield make it less attractive, despite its larger size and historical outperformance compared to OCCI. OCCI, though smaller, boasts a higher asset yield but also higher non-leverage expenses, with no historical alpha generation.
CEF Weekly Review: Will BTT Terminate?
We review the CEF market valuation and performance through the first week of March and highlight recent market action. Nearly all CEF sectors were down due to poor risk sentiment, but year-to-date performance remains mostly positive, led by EM assets. BlackRock Municipal 2030 Target Term renewed its share repurchase program.
CEF Distribution Coverage: What To Worry About And What Not To Worry About
Closed-end funds are ideal for investors prioritizing steady cash income over capital gains, benefiting from buying at discounts and institutional leverage terms. Distribution "coverage" is critical. But it can be complicated trying to determine what is actually sufficient versus insufficient coverage.
The Tide Is Changing, Be Prepared With CLOs To Keep The Income Streaming In
The Magnificent Seven stocks led a bull run from late 2022 to 2024, but 2025's market correction reveals vulnerabilities, offering opportunities in high-yield CLO equity funds. CLO equity funds, like SPMC, CCIF, and OCCI, provide high-yield income uncorrelated to stock market performance, making them attractive during market downturns. SPMC, new in 2024, has increased distributions thrice, showing strong performance and resilience, yielding about 14% despite broader market selloffs.
Eagle Point Credit: Q4 Earnings Indicate Both Strength And Weakness (Rating Downgrade)
ECC offers a high 21.5% dividend yield, fully covered by earnings, but faces capital loss and NAV decline due to high-interest rates. The portfolio is heavily invested in risky CLO equity, with 78.8% exposure, and benefits from floating rate structures, increasing income in high-rate environments. Q4 earnings showed mixed results with net investment income missing estimates and NAV decreasing for four consecutive quarters, reflecting ongoing rate-related challenges.
Eagle Point Credit Co LLC (ECC) Q4 2024 Earnings Call Transcript
Eagle Point Credit Co LLC (NYSE:ECC ) Q4 2024 Earnings Conference Call February 20, 2025 10:00 AM ET Company Participants Garrett Edson - ICR, Investor Relations Thomas Majewski - Chief Executive Officer Ken Onorio - Chief Financial Officer and Chief Operating Officer Conference Call Participants Randy Binner - B. Riley Securities Erik Zwick - Lucid Capital Markets Operator Greetings, and welcome to Eagle Point Credit Company Inc. Fourth Quarter 2024 Financial Results Conference Call.
Eagle Point Credit Company Inc. Announces Fourth Quarter and Year-End 2024 Financial Results
GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCU, ECCV, ECCW, ECCX) today announced financial results for the quarter and fiscal year ended December 31, 2024 and certain additional activity through January 31, 2025. “We remain proactive in managing our portfolio and balance sheet,” said Thomas P. Majewski, Chief Executive Officer. “During the fourth quarter, we reset 16 and refinanced 2 of the Company's CLO investments, len.
CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains
We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year.
Preferreds Weekly Review: Agency mREITs Deliver Good Results
We take a look at the action in preferreds and baby bonds through the last week of January and highlight some of the key themes we are watching. Preferred stocks saw mixed performance with Energy and Utilities sectors gaining; January's gain nearly offset December's losses. Agency mortgage REITs like AGNC and Annaly reported earnings that are broadly positive for preferreds shareholders.
CEF Weekly Review: CLO Equity CEFs Put Up Varying Performance
We review the CEF market valuation and performance through the last week of January and highlight recent market action. CEFs had a mixed week, with Municipal sectors outperforming due to a drop in Treasury yields; January reversed nearly all December CEF losses. CLO Equity CEFs showed varied returns with EIC exhibiting unusual returns.
Eagle Point Credit Company Inc. Schedules Release of Fourth Quarter 2024 and Year-End 2024 Financial Results on Thursday, February 20, 2025
GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCU, ECCV, ECCW, ECCX) today announced that it plans to report financial results for the quarter and fiscal year ended December 31, 2024 on Thursday, February 20, 2025. 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 Fin.
Preferred Stocks And More
Two new additions to the HDO Bond Ladder: Baby Bonds ECCU and GAINI, both maturing in 2030. As we enter 2025, the fixed-income landscape offers opportunities despite declining short-term rates, with quality companies providing attractive long-term yields through preferred securities and baby bonds. Investment-grade debt securities with high coupons offer attractive yields. Diversify with staggered call/maturity dates to safeguard income and enhance portfolio stability.
Eagle Point Credit: Pricing Improves And CLOs Remain Hot (Rating Upgrade)
Eagle Point Credit's valuation has compressed, with the premium to NAV falling from 20% to 5%. ECC's distribution yield remains attractive at over 20%, but the future success hinges on a fast-growing market. The private credit market, particularly CLOs, continues to grow, supporting the Fund's business model and potential for future gains.
Eagle Point Credit CEO Tom Majewski On Funds And Income
Founder and CEO Tom Majewski explains Eagle Point's two funds, ECC and EIC, and offering high monthly distributions to investors. CLOs, backed by senior secured loans to large corporations, provide robust cash flow and have shown resilience across multiple credit cycles.
Eagle Point Credit: Mixed Signals, But Net Bullish
Eagle Point Credit's extended reinvestment periods and increased equity mix position it well for resilient yields in a falling rates environment. Declining loan accumulation facilities may preview slower portfolio growth, posing a challenge for net investment income and cash flow. ECC trades at a lower than usual premium to NAV, making the buys relatively more appealing.
A Guide To Responsibly Use Margin Debt To Amplify Dividend Income
Margin debt can be a strategic tool for wealth building, similar to traditional debt, if used responsibly and with proper safety buffers. Suggested rules include having a solid financial foundation, avoiding consumer debt, maintaining stable income, and limiting margin to 10% of portfolio value. Avoid speculative bets with margin; instead, focus on income-producing assets that can outpace the cost of debt, such as high-yield dividend funds.
Eagle Point Credit Company Inc. Is Celebrating Over a Decade as a Public Company by Ringing The NYSE Closing Bell
GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC) today announced that it will ring The Closing Bell® at the New York Stock Exchange (“NYSE”) on Monday, January 6, 2025, commemorating the Company being listed on the NYSE for over 10 years. “We are honored to ring the bell at the NYSE in celebration of over 10 years as a publicly traded company,” said Thomas P. Majewski, Chief Executive Officer. “Our team is immensely proud of this milestone and the v.
The 2024 CEF Year-End Specials
Several closed-end funds, or CEFs, have declared special year-end distributions, rewarding shareholders with holiday bonuses and meeting regulatory distribution requirements to avoid excise taxes. PIMCO Dynamic Income Strategy Fund declared a special distribution of $0.37 per share, reflecting strong capital gains and a strategic shift from its energy-focused origins. Barings Participation Investors announced a special distribution of $0.10 per share, highlighting its strong performance and commitment to high current income and capital appreciation.
Preferreds Weekly Review: Fixed-Rate Preferreds Underperform
We take a look at the action in preferreds and baby bonds through the second week of December and highlight some of the key themes we are watching. All preferred stock sectors declined as longer-term Treasury yields rose; mREITs outperformed due to SOFR Fix/Float and CMT Reset preferreds. BDC GAIN issued a 7.875% 2030 baby bond.
Three Buys In This Fed-Fueled Sell Off
The Fed's revised guidance for only two rate cuts in 2025 caused market panic, despite a current rate cut to 4.25-4.5%. Floating rate instruments like CLOs remain attractive due to their high-yield and low volatility, especially with rates staying above 4%. I identify one ETF and two CEFs for investors looking to take advantage of this panic and new course for the Fed.
Year-End Review Of High-Yield Closed-End Funds
As a retired income investor, I focus on high-yield closed-end funds, or CEFs, for consistent monthly distributions and reinvestment discounts to grow my retirement portfolio. Significant 2024 events include distribution cuts, fund liquidations, rights offerings, and new fund launches, impacting various CEFs I own or follow. Notable CEFs like ACP, ASGI, AOD/AGD, and BlackRock funds have seen distribution increases, reorganizations, and efforts to close discounts due to activist pressure.
Eagle Point Credit Company Inc. Prices $100 Million Public Offering of Notes
GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCC, ECC PRD, ECCF, ECCX, ECCW, ECCV) today announced that it has priced an underwritten public offering of $100 million aggregate principal amount of its 7.75% notes due 2030 (the “2030 Notes”), which will result in net proceeds to the Company of approximately $96.5 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The 2030 Notes w.
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