Eagle Point Credit (ECC) Misses Q3 EPS by 49c

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Go back to Eagle Point Credit (ECC) Misses Q3 EPS by 49c

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

November 17, 2020 8:00 AM EST

GREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Credit Company Inc. (the Company) (NYSE: ECC, ECCB, ECCX, ECCY) today announced financial results for the quarter ended September 30, 2020, net asset value (NAV) as of September 30, 2020 and certain additional activity through October 31, 2020.

THIRD QUARTER HIGHLIGHTS

Net investment income (NII) and realized losses of $0.23 per weighted average common share1 for the third quarter of 2020. NAV per common share of $8.45 as of September 30, 2020. Third quarter 2020 GAAP net income (inclusive of unrealized mark-to-market gains) of $44.5 million, or $1.40 per weighted average common share. Weighted average effective yield of the... More