Eagle Point Credit (ECC) Tops Q1 EPS by 2c

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Go back to Eagle Point Credit (ECC) Tops Q1 EPS by 2c

Eagle Point Credit Company Inc. Announces First Quarter 2020 Financial Results

May 21, 2020 8:00 AM EDT

GREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Credit Company Inc. (the Company) (NYSE: ECC, ECCB, ECCX, ECCY) today announced financial results for the quarter ended March 31, 2020, net asset value (NAV) as of March 31, 2020 and certain additional activity through May 14, 2020.

FIRST QUARTER HIGHLIGHTS

Net investment income (NII) and realized capital losses of $0.33 per weighted average common share1 for the first quarter of 2020. NAV per common share of $6.12 as of March 31, 2020. First quarter 2020 GAAP net loss (inclusive of unrealized mark-to-market losses) of $130.6 million, or $4.42 per weighted average common share. Weighted average effective yield of... More