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Stock impact report

Eagle Point Credit Company Inc. Announces Second Quarter 2024 Financial Results

Eagle Point Credit Company Inc. (ECC) 
Company Research Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced financial results for the quarter ended June 30, 2024 and certain additional activity through July 31, 2024.“Cash flow from our portfolio remained robust during the quarter, with recurring cash flows from our portfolio increasing both on an absolute and per share basis quarter over quarter,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “The Company was active in the quarter and deployed $134.8 million of net capital into investments with compelling risk-adjusted returns. We also enhanced the value of certain of our current holdings by completing four reset and two refinancing actions.”SECOND QUARTER 2024 RESULTSNet asset value (“NAV”) per common share of $8.75 as of June 30, 2024, compared to $9.16 as of March 31, 2024.Net investment income (“NII”) of $0.28 per weighted average common share.1,2 NII less realized cap Show less Read more
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