earnings
confidence high
sentiment negative
materiality 0.70
Eagle Point Credit Q1 NAV falls to $7.23, GAAP net loss $97.5M; declares $0.14/mo common dividend
Eagle Point Credit Co Inc.
- NAV per common share $7.23 at March 31, 2025, down from $8.38 at Dec 31, 2024.
- GAAP net loss of $97.5M ($0.84 per share) driven by $122.3M unrealized depreciation.
- Net investment income $0.28 per share; NII + realized gains $0.33 per share.
- Declared three monthly common distributions of $0.14/share for Q3 2025, unchanged.
- Deployed $94.5M net into CLO investments; weighted average effective yield on new CLO equity 18.9%.
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