Eagle Point Credit Company Inc. Announces Third Quarter 2025 Financial Results and Declares First Quarter 2026 Common and Preferred Distributions

Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCU, ECCV, ECCW, ECCX) today announced financial results for the quarter ended September 30, 2025, and certain additional activity through October 31, 2025, and declared distributions on shares of the Company’s common and preferred stock.

“During the third quarter, we proactively optimized our portfolio by deploying nearly $200 million into new attractive investments and by reducing the debt cost of our CLO equity investments through completing 11 resets and 16 refinancings,” said Thomas P. Majewski, Chief Executive Officer. “These actions are designed to enhance our long-term earnings power and our ability to capture value as market conditions evolve. We also continued our portfolio rotation strategy, exiting a number of investments to move into higher earning opportunities.”

THIRD QUARTER 2025 RESULTS

• Net asset value (“NAV”) per common share of $7.00 as of September 30, 2025, compared to $7.31 as of June 30, 2025.
• Net investment income (“NII”) of $0.24 per weighted average common share.^1,2
• NII less realized losses from investments of $0.16 per weighted average common share compares to $0.16 of NII less realized losses from investments per weighted average common share for the quarter ended June 30, 2025, and $0.23 of NII less realized losses per weighted average common share for the quarter ended September 30, 2024.³
• Realized losses from forward currency contracts of $0.01 per weighted average common share, which were substantially offset by unrealized gains on non-U.S. dollar-denominated investments, resulting in little to no impact to NAV.
• GAAP net income (inclusive of unrealized mark-to-market gains) of $15.5 million, or $0.12 per weighted average common share.
• GAAP net income was comprised of total investment income of $52.0 million and net unrealized gains on investments of $3.6 million, partially offset by financing costs and operating expenses of $21.1 million, realized capital losses on investments of $10.2 million, distributions and amortization of offering costs on temporary equity of $6.2 million, net unrealized losses on certain liabilities held at fair value of $1.7 million and realized losses from forward currency contracts of $0.9 million.
• Recorded other comprehensive loss of $2.5 million.
• Received $76.9 million in recurring cash distributions⁴ from the Company’s investment portfolio, or $0.59 per weighted average common share.
• Deployed $199.4 million in gross capital into collateralized loan obligation (“CLO”) equity, CLO debt, loan accumulation facilities and other investments. The weighted average effective yield of new CLO equity investments made by the Company during the quarter, which includes a provision for future credit losses, was 16.9% as measured at the time of investment.
• As of September 30, 2025:
  • The weighted average effective yield of the Company’s CLO equity portfolio (excluding called CLOs), based on amortized cost, was 12.41%. This compares to 11.45% as of June 30, 2025, and 14.61% as of September 30, 2024.⁵
  • The weighted average expected yield of the Company’s CLO equity portfolio (excluding called CLOs), based on fair market value, was 18.28%. This compares to 18.81% as of June 30, 2025, and 21.21% as of September 30, 2024.⁵
• Issued approximately 3.6 million shares of common stock pursuant to the Company’s “at-the-market” offering program for total net proceeds of $26.4 million. The common stock issuance was issued at a premium to NAV.
• Issued over 550,000 shares of Series AA and Series AB 7.00% Convertible Perpetual Preferred Stock (the “Convertible Perpetual Preferred Stock”) for total proceeds of $13.2 million pursuant to the Company’s continuous offering of the Convertible Perpetual Preferred Stock.
• As of September 30, 2025, the Company had debt and preferred equity securities outstanding which totaled 41.8% of its total assets (less current liabilities).⁶
• As of September 30, 2025, on a look-through basis, and based on the most recent CLO trustee reports received by such date:
  • The Company, through its investments in CLO equity securities, had indirect exposure to approximately 1,893 unique corporate obligors.
  • The largest look-through obligor represented 0.6% of the loans underlying the Company’s CLO equity portfolio.
  • The top-ten largest look-through obligors together represented 4.7% of the loans underlying the Company’s CLO equity portfolio.
• The look-through weighted average spread of the loans underlying the Company’s CLO equity portfolio was 3.25% as of September 2025, down 8 bps from June 2025.

FOURTH QUARTER 2025 PORTFOLIO ACTIVITY THROUGH OCTOBER 31, 2025 AND OTHER UPDATES

• As previously published on the Company’s website, management’s estimate of the range of the Company’s NAV per common share is estimated to be between $6.69 and $6.79 as of October 31, 2025.
• Received $69.6 million of recurring cash distributions from the Company’s investment portfolio. As of October 31, 2025, some of the Company’s investments had not yet reached their payment dates for the quarter.
• Deployed $27.7 million of net capital into CLO equity, loan accumulation facilities and other investments.

FIRST QUARTER 2026 DISTRIBUTIONS

The Company is pleased to declare three separate monthly distributions of $0.14 per share on its common stock for the first quarter of 2026.⁷ The following schedule applies to the distributions:

Amount per Common Share	Record Dates	Payable Dates
$0.14	January 12, 2026	January 30, 2026
$0.14	February 9, 2026	February 27, 2026
$0.14	March 11, 2026	March 31, 2026

The Company evaluates its ongoing common stock distributions based on a number of factors, including recurring cash flows generated from the Company’s investment portfolio, GAAP earnings and the Company’s requirement to distribute substantially all of its taxable income.

The Company is also pleased to announce the declaration of distributions on its 6.50% Series C Term Preferred Stock due 2031 (the “Series C Term Preferred Stock”), 6.75% Series D Preferred Stock (the “Series D Preferred Stock”) and 8.00% Series F Term Preferred Stock due 2029 (the “Series F Term Preferred Stock”) as follows:

Preferred Stock Type	Amount per Share	Record Dates	Payable Dates
Series C Term Preferred Stock	$0.135417	January 12, 2026 February 9, 2026 March 11, 2026	January 30, 2026 February 27, 2026 March 31, 2026
Series D Preferred Stock	$0.140625
Series F Term Preferred Stock	$0.166667

The distributions on the Series C Term Preferred Stock, Series D Preferred Stock and Series F Term Preferred Stock reflect an annual distribution rate of 6.50%, 6.75% and 8.00%, respectively, of the $25 liquidation preference per share.

The Company is also pleased to announce the declaration of distributions on shares of the Convertible Perpetual Preferred Stock as follows:

Preferred Stock Type	Amount per Share	Record Dates	Payable Dates
7.00% Series AA Convertible and Perpetual Preferred Stock	$0.145834	January 12, 2026 February 9, 2026 March 11, 2026	January 30, 2026 February 27, 2026 March 31, 2026
7.00% Series AB Convertible and Perpetual Preferred Stock	$0.145834

The distributions on shares of the Convertible Perpetual Preferred Stock reflect an annual distribution rate of 7.00% of the $25 liquidation preference per share and accumulate from the date of original issue.

CONFERENCE CALL

The Company will host a conference call at 10:00 a.m. (Eastern Time) today to discuss the Company’s financial results for the quarter ended September 30, 2025, as well as a portfolio update.

All interested parties may participate in the conference call by dialing (877) 407-0789 (toll-free) or (201) 689-8562 (international). Please reference Conference ID 13755162 when calling, and the Company recommends dialing in approximately 10 to 15 minutes prior to the call.

A live webcast will also be available on the Company’s website (www.EaglePointCreditCompany.com). Please go to the Investor Relations section at least 15 minutes prior to the call to register, download and install any necessary audio software.

An archived replay of the call will be available shortly afterwards until December 12, 2025. To hear the replay, please dial (844) 512-2921 (toll-free) or (412) 317-6671 (international). For the replay, enter Conference ID 13755162.

ADDITIONAL INFORMATION

The Company has made available on the investor relations section of its website, www.EaglePointCreditCompany.com (in the financial statements and reports section), its unaudited consolidated financial statements as of and for the period ended September 30, 2025. The Company also published on its website (in the presentations and events section) an investor presentation, which contains additional information about the Company and its portfolio as of and for the quarter ended September 30, 2025. The Company has also filed these reports with the SEC.

ABOUT EAGLE POINT CREDIT COMPANY

The Company is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital gains. The Company seeks to achieve its investment objectives by investing primarily in equity and junior debt tranches of CLOs. The Company is externally managed and advised by Eagle Point Credit Management LLC.

In addition to the Company’s regulatory requirement to file certain portfolio information with the SEC, the Company makes certain additional financial information available to investors via its website (www.EaglePointCreditCompany.com), press releases and other public disclosures.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company’s other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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1	“Per weighted average common share” is based on the average daily number of shares of common stock outstanding for the period and “per common share” refers to per share of the Company’s common stock.
2	NII does not reflect distributions and amortization of offering costs on the Series D Preferred Stock and the Series AA/AB Convertible Perpetual Preferred Stock (collectively with the Series D Preferred Stock, the “temporary equity”) of $0.05 per weighted average common share.
3	Commencing in the second quarter of 2025, realized gains/losses from forward currency contracts are reported separately from NII and realized gains/losses per share. For the quarter ended September 30, 2024, NII less realized losses per share included $0.00 per share of realized gains/losses from forward currency contracts.
4	“Recurring cash distributions” refers to the quarterly distributions received by the Company from its CLO equity, CLO debt and other investments and distributions from loan accumulation facilities in excess of capital invested and excludes funds received from CLOs called.
5	“Weighted average effective yield” is based on an investment’s amortized cost whereas “weighted average expected yield” is based on an investment’s fair market value as of the applicable period end as disclosed in the Company’s financial statements, which is subject to change from period to period. Please refer to the Company’s quarterly unaudited financial statements for additional disclosures.
6	Over the long term, management expects to generally operate the Company with leverage within a range of 27.5% to 37.5% of total assets (less current liabilities) under normal market conditions. The Company may incur leverage outside of this range, subject to applicable regulatory limits.
7	The ability of the Company to declare and pay distributions on its common stock is subject to a number of factors, including the Company’s results of operations. Distributions on its common stock are generally paid from NII (regular interest and dividends) and may also include capital gains and/or a return of capital. The actual components of the Company’s distributions for US tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099.

 

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