Eagle Point Credit Company Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 06:03 am EDT
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Eagle Point Credit Company Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 28.91 million. Net loss was USD 100.86 million.
For the six months, revenue was USD 55.72 million compared to USD 37.14 million a year ago. Net loss was USD 122.09 million compared to net income of USD 77.17 million a year ago. Basic loss per share from continuing operations was USD 2.95.
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. 
