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Eagle Point Credit (ECC) investor relations material
Eagle Point Credit Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.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.
- NAV fell to $4.17 in Q1 but rebounded in April as CLO equity valuations recovered.ECC
Q1 2026 - Shareholders will vote on two director nominees, with strong governance and oversight detailed.ECC
Proxy filing - Shareholders are urged to vote by phone for the upcoming Special Meeting.ECC
Proxy Filing - Shareholders are urged to vote in the Special Meeting by phone to ensure their participation.ECC
Proxy Filing - NAV dropped to $5.70 as CLO equity lagged, but cash flows and non-CLO investments strengthened.ECC
Q4 2025 - Vote requested on changing legal form to a Delaware statutory trust; meeting set for March 12, 2026.ECC
Proxy Filing - Shareholders are requested to engage on upcoming proxy matters and respond to company outreach.ECC
Proxy Filing - NAV fell to $8.75 as recurring cash flows and new CLO investments remained strong.ECC
Q2 2024 - Strong CLO investment and cash flow, but NAV fell to $7.23 amid market volatility and losses.ECC
Q1 2025
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