Associated tags: Professional Services, Finance, ECC, ECCW, ECCV, ECCC, Banking, Security (finance), NYSE, Asset Management, NAV, Calendar, Eastern Time Zone, Conference, Form 1099
Locations: UNITED STATES, NORTH AMERICA, CONNECTICUT, NEW YORK
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Security (finance) Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced financial results for the quarter ended March 31, 2024 and certain additional activity through April 30, 2024.
Key Points:
- Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced financial results for the quarter ended March 31, 2024 and certain additional activity through April 30, 2024.
- “For the first quarter, we generated net investment income and realized capital gains, excluding non-recurring expenses, of $0.31 per share.
- The common stock issuance resulted in $0.06 per share of NAV accretion for the quarter ended March 31, 2024.
- As of April 30, 2024, some of the Company’s investments had not yet reached their payment date for the quarter.
Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital.
Key Points:
- Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital.
- The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2024 calendar year.
- The declared supplemental distributions relate to the potential excess of the Company’s estimated taxable income over the aggregate amount distributed to common stockholders for the same tax year.
- In the event any future supplemental distributions are declared, amounts may vary.1
The Company is also pleased to announce the declaration of distributions on shares of the Company’s 6.50% Series C Term Preferred Stock due 2031 (the “Series C Term Preferred Stock”), the Company’s 6.75% Series D Preferred Stock (the “Series D Preferred Stock”) and the Company’s 8.00% Series F Term Preferred Stock due 2029 (the “Series F Term Preferred Stock”) as follows:
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FINRA Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC) announced it has commenced a continuous public offering of up to 4,000,000 shares of its 7.00% Series AA Convertible and Perpetual Preferred Stock and 7.00% Series AB Convertible and Perpetual Preferred Stock (collectively, the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $91 million after payment of estimated commissions and offering expenses if all shares of the Preferred Stock are sold.
Key Points:
- Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC) announced it has commenced a continuous public offering of up to 4,000,000 shares of its 7.00% Series AA Convertible and Perpetual Preferred Stock and 7.00% Series AB Convertible and Perpetual Preferred Stock (collectively, the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $91 million after payment of estimated commissions and offering expenses if all shares of the Preferred Stock are sold.
- The Preferred Stock has a 7.00% annual dividend rate, paid monthly, and is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency.
- The Preferred Stock is perpetual and convertible by the holder into shares of the Company’s common stock or cash (as determined by the Company at its sole discretion), subject to certain conditions.
- Eagle Point Securities LLC is the dealer manager for the Preferred Stock offering.
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ECCC Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced that it plans to report financial results for the quarter ended March 31, 2024 on Tuesday, May 21, 2024.
Key Points:
- Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced that it plans to report financial results for the quarter ended March 31, 2024 on Tuesday, May 21, 2024.
- The Company will discuss its financial results on a conference call on that day at 10:00 a.m. (Eastern Time).
- Thomas P. Majewski, Chief Executive Officer, will host the call along with Kenneth P. Onorio, Chief Financial Officer.
- All participants are asked to dial-in to the conference call 10 to 15 minutes prior to the call so that their name and company information can be collected.
Retrieved on:
Thursday, February 22, 2024
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Bank Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced financial results for the quarter and fiscal year ended December 31, 2023 and certain additional activity through February 15, 2024.
Key Points:
- Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced financial results for the quarter and fiscal year ended December 31, 2023 and certain additional activity through February 15, 2024.
- Our portfolio generated strong cash flows each quarter and we sourced attractive investments for the Company throughout the year,” said Thomas P. Majewski, Chief Executive Officer.
- Net asset value (“NAV”) per common share of $9.21 as of December 31, 2023, compared to $9.33 as of September 30, 2023.
- The common stock issuance resulted in $0.03 per share of NAV accretion for the quarter ended December 31, 2023.
Retrieved on:
Tuesday, February 13, 2024
Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital.
Key Points:
- Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital.
- The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2024 calendar year.
- The declared supplemental distributions relate to the potential excess of the Company’s estimated taxable income over the aggregate amount distributed to common stockholders for the same tax year.
- In the event any future supplemental distributions are declared, amounts may vary.1
The Company is also pleased to announce the declaration of distributions on shares of the Company’s 6.50% Series C Term Preferred Stock due 2031 (the “Series C Term Preferred Stock”), the Company’s 6.75% Series D Preferred Stock (the “Series D Preferred Stock”) and the Company’s 8.00% Series F Term Preferred Stock due 2029 (the “Series F Term Preferred Stock”) as follows:
Retrieved on:
Thursday, February 8, 2024
Finance,
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ECCC,
ECCV,
ECCW,
Conference,
Eastern Time Zone,
Telephone Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced that it plans to report financial results for the quarter and fiscal year ended December 31, 2023 on Thursday, February 22, 2024.
Key Points:
- Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced that it plans to report financial results for the quarter and fiscal year ended December 31, 2023 on Thursday, February 22, 2024.
- The Company will discuss its financial results on a conference call on that day at 10:00 a.m. (Eastern Time).
- Thomas P. Majewski, Chief Executive Officer, will host the call along with Kenneth P. Onorio, Chief Financial Officer.
- All participants are asked to dial-in to the conference call 10 to 15 minutes prior to the call so that their name and company information can be collected.
Retrieved on:
Thursday, January 11, 2024
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Security (finance),
Egan-Jones Ratings Company Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has priced an underwritten public offering of 1,400,000 shares of its 8.00% Series F Term Preferred Stock due 2029 (the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $33.6 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company.
Key Points:
- Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has priced an underwritten public offering of 1,400,000 shares of its 8.00% Series F Term Preferred Stock due 2029 (the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $33.6 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company.
- The Preferred Stock is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency.
- In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 210,000 shares of Preferred Stock on the same terms and conditions.
- The Preferred Stock offering is expected to close on January 18, 2024, subject to customary closing conditions.
Retrieved on:
Thursday, January 11, 2024
Banking,
Other Professional Services,
Professional Services,
Finance,
ECC,
Fifth Avenue,
ECCW,
ECCC,
4th floor,
Prospectus,
EDGAR,
Sale,
NRSRO,
ECCV,
Security (finance),
Egan-Jones Ratings Company Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has commenced an underwritten public offering of its Series F Term Preferred Stock (the “Preferred Stock”).
Key Points:
- Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has commenced an underwritten public offering of its Series F Term Preferred Stock (the “Preferred Stock”).
- The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters.
- The Preferred Stock is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency.
- In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions.
Retrieved on:
Tuesday, November 14, 2023
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Financial adviser,
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Financial services Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced financial results for the quarter ended September 30, 2023 and certain additional activity through October 31, 2023.
Key Points:
- Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced financial results for the quarter ended September 30, 2023 and certain additional activity through October 31, 2023.
- The common stock issuance resulted in $0.14 per share of NAV accretion for the quarter ended September 30, 2023.
- FOURTH QUARTER 2023 PORTFOLIO ACTIVITY THROUGH OCTOBER 31, 2023 AND OTHER UPDATES
NAV per common share is estimated to be between $8.98 and $9.08 as of October 31, 2023.
- As of October 31, 2023, some of the Company’s investments had not yet reached their payment date for the quarter.
