Eagle Point Credit (ECC) investor relations material

Executive summary

• Net asset value (NAV) rose 8% to $4.51 per share as of June 30, 2026, from $4.17 at March 31, driven by a rebound in loan prices and CLO equity valuations after Q1 volatility.

• Achieved a 12.7% GAAP return on common equity in Q2 2026, with $0.18 per share paid in cash distributions.

• Portfolio repositioning included rotating out of underperforming CLO managers, expanding into differentiated credit opportunities, and focusing on core CLO collateral managers.

• Strategic partnership with Muzinich in Europe advanced with the pricing of its inaugural European CLO.

• Total market capitalization stood at $976.4 million as of June 30, 2026.

Financial highlights

• Net investment income (NII) was $0.17 per share; NII less realized losses from investments was negative $0.62 per share.

• GAAP net income was $70 million, or $0.53 per share, compared to a net loss of $1.12 per share in Q1 and net income of $0.47 per share in Q2 2025.

• Recurring cash flows from investments totaled $62 million ($0.47 per share), exceeding distributions and expenses by $0.14 per share.

• Q2 2026 total portfolio cash distributions received were $72.10 million, down from $74.21 million in Q1 2026.

• Net asset value per share at period end was $4.51, with a market price of $3.72, representing a 17.5% discount.

Outlook and guidance

• Management remains constructive on the long-term outlook for CLO equity and broader credit opportunities.

• Unaudited NAV estimate for July month-end is $4.33–$4.43 per share, a 3% decrease from Q2 end.

• Ongoing evaluation of common share distributions based on recurring cash flows, GAAP earnings, and taxable income requirements.