Eagle Point Credit (ECC) Tops Q4 EPS by 3c

Eagle Point Credit (NYSE: ECC) reported Q4 EPS of $0.54, $0.03 better than the analyst estimate of $0.51.

• Fourth quarter 2016 net investment income (“NII”) and realized capital gains of $0.54 per weighted average common share1, which reflects the impact of a $0.04 estimated excise tax charge per weighted average common share.
• NAV per common share of $17.48 as of December 31, 2016.
• Fourth quarter 2016 net income (inclusive of unrealized gains) of $23.4 million, or $1.51 per weighted average common share.
• Weighted average effective yield of the Company’s collateralized loan obligation (“CLO”) equity portfolio was 17.48% as of December 31, 2016.
• Deployed $67.0 million in net capital in the fourth quarter of 2016; received $25.5 million in cash distributions in the fourth quarter of 2016.

For earnings history and earnings-related data on Eagle Point Credit (ECC) click here.

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