Eagle Point Credit Company Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 06:02 am EST
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Eagle Point Credit Company Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 30.19 million. Net income was USD 9.68 million.
For the nine months, revenue was USD 85.92 million compared to USD 61.44 million a year ago. Net loss was USD 112.41 million compared to net income of USD 124.37 million a year ago.
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. 
