Eagle Point Credit Company LLC:ECC

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    Overview

    As of 5/29/2024. NAV as of 4/30/2024.

     Share
    Price
    NAVPremium/
    Discount
    Current$10.15$9.499.54%
    52 Wk Avg$10.00$8.9611.81%
    52 Wk High$10.95$9.4926.74%
    52 Wk Low$8.60$8.19-5.02%
    Regular Distribution TypeIncome Only
    Distribution Rate16.55%
    Distribution Amount$0.1400
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Fund seeks to achieve the investment objectives by investing primarily in equity and junior debt tranches of CLOs, that are collateralized by a portfolio consisting primarily of below investment grade U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors.

    Capital Structure

    As of 5/29/2024

    Total Investment Exposure:$966.839M
    Total Common Assets:$734.756M
    Common Shares Outstanding:78,752,036
    Leverage

    As of 5/29/2024

    Preferred Share Assets: $74.369M
    Total Debt (USD): $157.714M
    Regulatory Leverage (USD): $232.083M
    Effective Leverage (USD): $232.083M
    Effective Leverage (%): 24.00%
    Annual Expense Ratios

    As of 12/31/2023

      Per Common Share
    Management Fees1.97%
    Other Expenses:4.26%
    Baseline Expense: N/A
    Interest Expense:2.28%
    Total: 8.51%
    Fund Management

    Fund Sponsor
    Eagle Point Credit Management

    Portfolio Managers
    Daniel W. Ko, Daniel M. Spinner, Thomas P Majewski

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: ECC
    NAV Ticker: XECCX
    Average Daily Volume (shares): 610,389
    Average Daily Volume (USD): $6.099M
    Inception Date: 10/8/2014
    Inception Share Price: $20.00
    Inception NAV: $19.93
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 5/29/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2023
    $0.6194
    Annualized Distribution Rate on NAV:
    As of 5/29/2024
    18.01%
    Total Return on NAV (12 months):
    As of 5/29/2024
    32.63%
    Avg. Portfolio Coupon:
    As of 5/29/2024
    13.46%
    Total % Portfolio Effectively Leveraged:
    As of 5/29/2024
    24.00%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 5/29/2024

    PeriodAvg Discount
    6 Month9.53%
    1 Year11.81%
    3 Year9.87%
    5 Year11.81%
    Z-Score

    As of 5/29/2024

    PeriodZStat
    3 Month-0.56
    6 Month0.00
    1 Year-0.38
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/30/2024
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD13.10%10.54%6.06%3.30%
    202313.18%24.90%18.44%14.27%
    2022-10.79%-15.80%-14.61%-6.12%
    202157.29%48.27%20.67%7.70%
    2020-20.48%12.69%0.14%1.12%
    201919.75%3.61%18.13%8.70%
    2018-13.09%-14.37%-7.68%-1.95%
    201729.24%11.97%3.80%5.83%
    201617.98%50.01%24.86%18.27%
    2015-6.88%-17.34%-3.65%-4.65%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 4/30/2024
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 4/30/2024
    13.46%
    Number of Holdings:
    As of 12/31/2023
    248
    Annual Portfolio Turnover:
    As of 12/31/2023
    19.79%
    Asset Allocation

    As of 12/31/2023

    Top Sectors

    As of 12/31/2023

    Sector%Portfolio
    Securitized (Super Sector)101.42%
    Asset Backed100.60%
    Corporate (Super Sector)19.77%
    Corporate Bond19.75%
    Cash Equivalents8.15%
    Cash Equivalents (Super Sector)8.15%
    Non Agency Residential Mortgage Backed0.82%
    Bank Loan0.01%
    Preferred Stock0.00%
    Future Forward-0.37%
    Top Holdings

    As of 12/31/2023

    HoldingValue% Portfolio
    Asset Offset$38.70M5.46%
    Mezzanine Notes$16.28M2.30%
    Rockford Tower Clo 2021-3 Ltd / Llc$14.37M2.03%
    ARES LXIV CLO LTD$11.59M1.64%
    Ares Income Nt Xli 144A FRN$11.03M1.56%
    Bear Mtn Pk Clo Income Nt$11.01M1.55%
    Halcyon Loan Advisors Funding 2018-1 LTD / LLC 7.47743%$10.82M1.53%
    Ares Income Nt Xliii 144A$10.74M1.52%
    OCTAGON INVESTMENT PARTNERS 45 LTD$10.53M1.49%
    Other Liability$-246.15M-34.75%
    Credit Quality

    As of 12/31/2023

    Maturity Breakdown

    As of 12/31/2023

    Country Allocation

    As of 12/31/2023

    Country% Portfolio
    United States - Fixed Income71.22%
    Others - Fixed Income40.71%
    France - Fixed Income4.12%
    Ireland - Fixed Income1.53%
    Canada - Fixed Income1.22%
    Germany - Fixed Income1.20%
    United Kingdom - Fixed Income0.84%
    Spain - Fixed Income0.34%
    United States - Equity0.32%
    Invalid Country - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W