Eagle Point Credit (ECC) Tops Q3 EPS by 2c
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Eagle Point Credit Company Inc. Announces Third Quarter 2023 Financial Results
November 14, 2023 8:00 AM ESTGREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Credit Company Inc. (the Company) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced financial results for the quarter ended September 30, 2023 and certain additional activity through October 31, 2023.
We are pleased that our net asset value per share increased by 7% in the quarter while we continued to make significant cash distributions to our shareholders, said Thomas P. Majewski, Chief Executive Officer. During the quarter, we deployed $119 million into new investments where we saw opportunities for compelling risk-adjusted returns. CLO equity investments purchased during the quarter were at a weighted average effective yield of... More
