Company: ECC-PD
Filing Date: 2025-08-12
Form Type: N-CSRS
Source: 0001104659-25-076373
Chunk: 1

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-08-12
Form: N-CSRS
Chunk 1
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”) for the six months ended June 30, 2025. The Company is a closed-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and is advised by Eagle Point Credit Management LLC (the “Adviser”). The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital gains. We seek to achieve these objectives by investing primarily in the equity and junior debt tranches of collateralized loan obligations (“CLOs”). We may also invest in other securities or instruments that are related investments or that are consistent with our investment objectives. For the six months ended June 30, 2025, the Company recorded a decrease in net assets resulting from operations of $40 million, or $0.33 per weighted average common share 1 , primarily due to unrealized losses on investments. This represents a non-annualized GAAP return on common equity of -4.2%. 2 The Company’s net asset value (“NAV”) per common share decreased from $8.38 to $7.31, and we paid $0.84 per share in regular monthly distributions to our common stockholders for the same period. Among other highlights, in the first half of 2025, we: ▪ Actively deployed $285 million of capital into CLO equity, CLO debt and other related investments in both the primary and secondary market. Of this amount, $169 million was invested in CLO equity which had a weighted average effective yield (“WAEY”) of 18.4% at the time of purchase. ▪ Extended the weighted average remaining reinvestment period (“WARRP”) of our CLO equity portfolio to 3.3 years as of June 30, 2025 (compared to 2.7 years as of June 30, 2024) through our proactive investing and reset activity. We believe this extended WARRP, roughly 43% longer than the broader market average, offers protection from loan price volatility and enables our CLOs to capitalize on periods of market dislocation. ▪ Completed 13 resets and 8 refinancings of CLOs in our portfolio. Each reset created a new 5-year reinvestment period and when combined with refinancings brought significant debt savings of 44 bps on average, based on market value. We continue to have a robust reset and refinancing pipeline, which will continue to reduce our CLO financing costs over