Eagle Point Credit Company

Eagle Point Credit released an unaudited management estimate of NAV per common share as of August 31, 2026, in a range of $4.29 to $4.39 (SEC filing). The company also reported that NAV rose to $4.51 per share in the second quarter and recorded GAAP net income of $70 million ($0.53 per share), which it attributed to improved CLO valuations and higher credit prices. » Więcej na de.investing.com

Eagle Point Credit Company said net asset value rose 8% in Q2 as loan prices and CLO equity valuations rebounded. Management executed portfolio rotations including 8 resets and 7 refinancings, cut exposure to underperforming CLO managers and increased non‑CLO investments to 38% focusing on infrastructure credit and specialty finance. Strategic partnerships with Muzinich are expanding CLO equity access and revenue sharing. Look‑through defaults remain low at 14 basis points, but leverage is 47% of assets above the long‑term target and management plans to reduce it toward 27.5%–37.5% over time while maintaining no financing maturities before January 2029. » Więcej na finance.yahoo.com

Eagle Point Credit's NAV fell to $4.17 per share in Q1 from $5.70 at year-end, driven by weakness in leveraged loan and CLO equity valuations, though management said the portfolio fundamentals were stable and NAV recovered to an estimated $4.49–$4.59 in April. The company declared three monthly distributions of $0.06 per share for Q3, saying the level aligns with near-term earnings and is intended to be sustainable. Eagle Point deployed $100 million of new investments at a weighted average yield of 18.9%, increased exposure to infrastructure and other non-CLO credit, and completed CLO resets and refinancings that lowered debt costs and extended reinvestment periods. Pro forma for April performance and recent redemptions, leverage was about 47% with a long-term target range of 27.5%–37.5% as market conditions normalize. » Więcej na finance.yahoo.com