Eagle Point Credit Company Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 06:19 am EDT
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Eagle Point Credit Company Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 31.73 million. Net income was USD 6.53 million.
For the six months, revenue was USD 63.65 million compared to USD 55.72 million a year ago. Net income was USD 26.6 million compared to net loss of USD 122.09 million a year ago. Basic earnings per share from continuing operations was USD 0.46.
Eagle Point Credit Company Inc. is a non-diversified, closed-end management investment company. The Companyâs 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.
EAGLE POINT CREDIT COMPANY INC. 
