Eagle Point Credit Company Inc (N:ECC)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 20 Horseneck Ln GREENWICH CT 06830-6300 |
| Tel: | N/A |
| Website: | eaglepointcreditcompany.com |
| IR: | See website |
| Key People | ||
| Kenneth P. Onorio Chief Financial Officer, Chief Operating Officer | Nauman S. Malik Chief Compliance Officer | Courtney B. Fandrick Secretary |
| James R. Matthews Chairperson of the Board | Thomas P. Majewski Chief Executive Officer, Director | |
| Business Overview |
| Eagle Point Credit Company Inc. 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 appreciation. The Company seeks to achieve these objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations (CLOs) and may also invest in other securities or instruments that are related investments or that are consistent with its investment objectives. The Company invests in various industries, including technology software and services; media; health care providers and services; hotels, restaurants and leisure; diversified financial services; diversified telecommunication services; commercial services & supplies; insurance; technology: hardware and equipment, and chemicals. The Company is externally managed and advised by Eagle Point Credit Management LLC. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Eagle Point Credit Company Inc revenues increased 17% to $139.1M. Net income totaled $116.9M vs. loss of $103.6M. Revenues reflect Interest income increase of 19% to $131.7M. Net Income reflects Net change in unrealized appreciation (d increase from $196.9M (expense) to $52M (income), Tax expense decrease of 95% to $100K (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,034M as of Dec 31, 2023 |
| Annual revenue (TTM): | $139.07M as of Dec 31, 2023 |
| EBITDA (TTM): | $88.13M as of Dec 31, 2023 |
| Net annual income (TTM): | $116.89M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$229.69M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $158.20M as of Dec 31, 2023 |
| Shares outstanding: | 85,301,892 as of Mar 28, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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