Eagle Point Credit Company Inc. Announces Second Quarter 2019 Financial Results
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Eagle Point Credit (ECC) Misses Q2 EPS by 35c
August 15, 2019 8:03 AM EDTEagle Point Credit (NYSE: ECC) reported Q2 EPS of $0.06, $0.35 worse than the analyst estimate of $0.41.
SECOND QUARTER 2019 HIGHLIGHTS
Net investment income (NII) and realized capital losses of $0.07 per weighted average common share1 for the second quarter of 2019, consisting of NII of $0.36 per weighted average common share offset by realized capital losses of $0.29 per weighted average common share.NAV per common share of $13.45 as of June 30, 2019.Second quarter 2019 GAAP net income (inclusive of unrealized mark-to-market losses) of $1.6 million, or $0.06 per weighted average common share.Weighted average effective yield of the Companys collateralized... More