Eagle Point Credit Company Inc.
ECCW
New York Stock Exchange25.17
USD
- -
- -
Eagle Point Credit Company Inc.
ECCW
(New York Stock Exchange)
Recent
price
25.17
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Eagle Point Credit Company Inc. (NYSE: ECC, ECCW) is a publicly traded closed-end management investment company registered under the Investment Company Act of 1940 that seeks to generate high current income, with a secondary objective of capital appreciation, by investing primarily in equity and junior debt tranches of collateralized loan obligations (CLOs) backed mainly by below-investment-grade U.S. senior secured loans; CLO debt; loan accumulation facilities; and other structured credit investments. Founded in 2014 and headquartered at 600 Steamboat Road, Suite 202, Greenwich, Connecticut, the company operates in the U.S. fixed-income markets, providing indirect exposure to thousands of unique corporate obligors through its CLO equity holdings, with diversified collateral where the top ten obligors represent under 5% of underlying loans. Externally managed by Eagle Point Credit Management LLC, it issues common stock, multiple series of preferred stock including 6.75% Notes due 2031 (ECCW), and convertible perpetual preferred stock to fund operations and maintain leverage around 40% of total assets. In recent periods, the company deployed nearly $200 million in gross capital into new CLO equity, CLO debt, loan accumulation facilities, and other investments during the third quarter of 2025, achieving a weighted average effective yield of 16.9% on new CLO equity; completed 11 resets and 16 refinancings to reduce debt costs on CLO equity holdings; issued approximately 3.6 million common shares via its at-the-market program for $26.4 million in net proceeds at a premium to NAV; and issued over 550,000 shares of Series AA and AB 7.00% Convertible Perpetual Preferred Stock for $13.2 million, while declaring monthly common distributions of $0.14 per share for the first quarter of 2026 and ongoing preferred distributions.