Eagle Point Credit Company Inc. Announces Fourth Quarter and Year-End 2023 Financial Results [Yahoo! Finance]
Eagle Point Credit Company Inc. (ECC)
NASDAQ:AMEX Investor Relations:
eaglepointcreditcompany.com/investor-relations/default.aspx
Company Research
Source: Yahoo! Finance
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 throughout the year," said Thomas P. Majewski, Chief Executive Officer. "During the fourth quarter, we deployed $34 million into new investments. The secondary market CLO equity we purchased during the quarter had a weighted average effective yield of 22.9%, further positioning the portfolio to enhance net investment income over time." "For the fourth quarter, we generated net investment income and realized capital gains of $0.33 per share. We also strengthened our balance sheet through our ‘at-the-market' program by issuing common stock at a premium to NAV, which generated $0.03 per share of NAV accretion. The Company further enhanc
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ECC
News
- Bargain 8.80% Eagle Point Term Preferred Stock: Antidote To Reinvestment Risk [Seeking Alpha]Seeking Alpha
- Eagle Point Credit: Earn A High Yield From CLOs [Seeking Alpha]Seeking Alpha
- Eagle Point Credit Company Inc. (NYSE:ECC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Eagle Point Credit Q4 earnings slip from Q3; makes $34M in new investments [Seeking Alpha]Seeking Alpha
- Eagle Point Credit Company Inc. Announces Fourth Quarter and Year-End 2023 Financial ResultsBusiness Wire
ECC
Sec Filings
- 4/23/24 - Form 40-APP/A
- 4/15/24 - Form 497AD
- 4/11/24 - Form 8-K
- ECC's page on the SEC website