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Eagle Point Credit Company (ECC) investor relations material
Eagle Point Credit Company Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Deployed nearly $200 million into new investments, primarily in CLO equity and junior debt, with a weighted average effective yield of 16.9%.
Focuses on generating high current income and capital appreciation through CLO equity and junior debt, managed by a specialized team with significant personal investment.
Net asset value (NAV) per share declined to $7.00 as of September 30, 2025, from $8.38 at the start of the period, reflecting negative performance and distributions.
Recurring cash flows and portfolio cash distributions declined quarter-over-quarter, with recurring cash flows at $77 million ($0.59/share) and total portfolio cash distributions at $79.36 million.
Portfolio remains heavily concentrated in CLO equity and debt, with significant exposure to structured finance and related risks.
Financial highlights
Net investment income less realized losses was $21 million ($0.16/share) for Q3 2025, with total investment income of $152.8 million for the nine months ended September 30, 2025.
GAAP net income was $16 million ($0.12/share) for Q3 2025, and net investment income for the nine months was $91.3 million.
Distributions to common stockholders totaled $154.6 million, or $1.26 per share, for the nine months ended September 30, 2025.
NAV per share at period end was $7.00, with the market price at $6.61, representing a -5.6% discount.
Asset coverage ratios for preferred stock and debt were 239% and 529%, both above statutory requirements.
Outlook and guidance
Over 20% of the portfolio is expected to undergo resets and refinancings in the next 1–2 quarters, subject to market conditions.
Management estimated NAV per share as of October 31, 2025, to be between $6.69 and $6.79, indicating continued pressure on asset values.
Regular monthly distributions of $0.14/share declared for Q1 2026, with a focus on sustaining high current income.
Portfolio is positioned to benefit from floating rate senior secured loans, providing potential protection against rising interest rates.
Management remains focused on portfolio rotation into higher-earning investments and optimizing financing costs.
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