Eagle Point Credit Company (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCU, ECCV) today announced financial results for the quarter ended June 30, 2026, and certain additional activity through July 31, 2026, and declared distributions on the Company’s common and preferred shares.

“ECC generated a strong 12.7% GAAP return on common equity during the second quarter as CLO equity prices recovered and our non-CLO portfolio performed very well,” said Thomas P. Majewski, Chief Executive Officer. “During the quarter, we continued to reposition the portfolio, redeploying capital toward our core group of CLO collateral managers while selectively expanding our exposure to attractive credit investments sourced through the Eagle Point platform.”

“We are especially excited about our strategic partnerships with CLO collateral managers, which we believe give us a competitive advantage, as shareholders can participate in the enterprise value creation of CLO collateral manager platforms,” concluded Mr. Majewski.

SECOND QUARTER 2026 RESULTS

  • Net asset value (“NAV”) per common share of $4.51 as of June 30, 2026, compared to $4.17 as of March 31, 2026.

  • Net investment income (“NII”) of $0.17 per weighted average common share.1,2

  • NII less realized losses from investments of negative $0.62 per weighted average common share, compared to $0.14 of NII less realized losses from investments for the quarter ended March 31, 2026, and $0.16 of NII less realized losses from investments for the quarter ended June 30, 2025.

  • GAAP net income (inclusive of unrealized mark-to-market gains) of $70.0 million, or $0.53 per weighted average common share.

  • GAAP net income was comprised of net unrealized gains on investments of $159.3 million, total investment income of $37.9 million, realized gains on forward currency contracts of $3.9 million, realized gains from the retirement of the Company’s unsecured notes and preferred shares of $0.1 million, partially offset by realized losses on investments of $104.4 million, net unrealized losses on certain liabilities recorded at fair value of $2.6 million, net unrealized losses on forward currency contracts of $2.1 million, financing costs and operating expenses of $16.0 million and distributions and amortization of offering costs on temporary equity of $6.1 million.

  • Recorded other comprehensive loss of $1.0 million.

  • Received $62.4 million in recurring cash distributions3 from the Company’s investment portfolio, or $0.47 per weighted average common share.

  • Deployed $110.8 million in gross capital into new investments. The weighted average effective yield of new investments made by the Company during the quarter, which includes a provision for future credit losses, was 24.6% as measured at the time of investment.

  • As of June 30, 2026, the Company’s investment portfolio consisted of 62% CLO investments and 38% investments in other credit asset classes.

  • Completed eight resets and seven refinancings of the Company’s CLOs.

  • As of June 30, 2026:

    • The weighted average effective yield of the Company’s CLO equity portfolio (excluding called CLOs), based on amortized cost, was 9.0%. This compares to 9.3% as of March 31, 2026, and 11.5% as of June 30, 2025.4

    • The weighted average expected yield of the Company’s CLO equity portfolio (excluding called CLOs), based on fair market value, was 24.2%. This compares to 26.3% as of March 31, 2026, and 18.8% as of June 30, 2025.4

  • As of June 30, 2026, the Company had debt and preferred equity securities outstanding equal to 47.3% of its total assets (less current liabilities).5

  • As of June 30, 2026, through its CLO equity investments, on a look-through basis, and based on the most recent CLO trustee reports received by such date:

    • The Company had indirect exposure to 1,838 unique corporate obligors.

    • The largest look-through obligor represented 0.6% of the underlying loan portfolio.

    • The top ten largest obligors together represented 4.7% of the underlying loan portfolio.

    • The weighted average spread of the underlying loans was 3.15%, unchanged from March 31, 2026.

  • Completed the full redemption of the Company’s 6.75% notes due 2031 and 6.6875% notes due 2028.

THIRD QUARTER 2026 PORTFOLIO ACTIVITY THROUGH JULY 31, 2026, AND OTHER UPDATES

  • As previously published on the Company’s website, management’s estimate of the range of the Company’s NAV per common share as of July 31, 2026, is between $4.33 and $4.43.

  • Received $30.5 million of recurring cash distributions from the Company’s investment portfolio. As of July 31, 2026, some of the Company’s investments have not yet reached their payment dates for the quarter.

  • Deployed $124.6 million of gross capital into new investments.

FOURTH QUARTER 2026 DISTRIBUTIONS

The Company declared three monthly distributions of $0.06 per common share for the fourth quarter of 2026.6 The following schedule applies to the distributions:

Amount per Common Share

Record Dates

Payable Dates

$0.06

October 13, 2026

October 30, 2026

$0.06

November 10, 2026

November 30, 2026

$0.06

December 11, 2026

December 31, 2026

The Company evaluates its ongoing common share distributions based on a number of factors, including recurring cash flows generated from the Company’s investment portfolio, GAAP earnings and the Company’s requirement to distribute substantially all of its taxable income.

The Company also declared distributions on its 6.50% Series C Term Preferred Shares due 2031 (the “Series C Term Preferred Shares”) and 6.75% Series D Preferred Shares (the “Series D Preferred Shares”) as follows:

Preferred Shares Series

Amount per Share

Record Dates

Payable Dates

Series C Term Preferred Shares

$0.135417

October 13, 2026

November 10, 2026

December 11, 2026

October 30, 2026

November 30, 2026

December 31, 2026

Series D Preferred Shares

$0.140625

The distributions on the Series C Term Preferred Shares and Series D Preferred Shares reflect an annual distribution rate of 6.50% and 6.75%, respectively, of the $25 liquidation preference per share.

The Company also declared distributions on shares of its 7.00% Series AA Convertible Perpetual Preferred Shares and 7.00% Series AB Convertible Perpetual Preferred Shares (together with 7.00% Series AA Convertible Perpetual Preferred Shares, the “Convertible Preferred Shares”) as follows:

Preferred Shares Series

Amount per Share

Record Dates

Payable Dates

7.00% Series AA Convertible Perpetual Preferred Shares

$0.145834

October 13, 2026

November 10, 2026

December 11, 2026

October 30, 2026

November 30, 2026

December 31, 2026

7.00% Series AB Convertible Perpetual Preferred Shares

$0.145834

The distributions on shares of the Convertible Preferred Shares reflect an annual distribution rate of 7.00% of the $25 liquidation preference per share and accumulate from the date of original issue.

CONFERENCE CALL

The Company will host a conference call at 10:00 a.m. (Eastern Time) today to discuss the Company’s financial results for the quarter ended June 30, 2026, as well as a portfolio update.

All interested parties may participate in the conference call by dialing (877) 407-0789 (domestic) or (201) 689-8562 (international). Please reference Conference ID 13755169 when calling, and the Company recommends dialing in approximately 10 to 15 minutes prior to the call.

A live webcast will also be available on the Company’s website (www.EaglePointCreditCompany.com). Please go to the Investor Relations section at least 15 minutes prior to the call to register, download and install any necessary audio software.

An archived replay of the call will be available shortly afterwards until September 13, 2026. To hear the replay, please dial (844) 512-2921 (toll-free) or (412) 317-6671 (international). For the replay, enter Conference ID 13755169.

ADDITIONAL INFORMATION

The Company has made available on the investor relations section of its website, www.EaglePointCreditCompany.com (in the financial statements and reports section), its unaudited consolidated financial statements as of and for the period ended June 30, 2026. The Company also published on its website (in the presentations and events section) an investor presentation, which contains additional information about the Company and its portfolio as of and for the quarter ended June 30, 2026. The Company has also filed these reports with the SEC.

ABOUT EAGLE POINT CREDIT COMPANY

The Company is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company seeks to achieve its investment objectives by investing primarily in equity and junior debt tranches of CLOs. The Company may also invest in other securities consistent with its investment objectives. The Company is externally managed and advised by Eagle Point Credit Management LLC.

In addition to the Company’s regulatory requirement to file certain portfolio information with the SEC, the Company makes certain additional financial information available to investors via its website (www.EaglePointCreditCompany.com), press releases and other public disclosures.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company’s other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

____________________

1 “Per weighted average common share” is based on the average daily number of common shares outstanding for the period.

2 NII does not reflect distributions and amortization of offering costs on the Series D Preferred Shares and the Series AA/AB Convertible Perpetual Preferred Shares (collectively with the Series D Preferred Shares, the “temporary equity”) of $0.05 per weighted average common share.

3 “Recurring cash distributions” refers to the quarterly distributions received by the Company from its CLO equity, CLO debt and other investments and distributions from loan accumulation facilities in excess of capital invested and excludes funds received from CLOs called.

4 “Weighted average effective yield” is based on an investment’s amortized cost whereas “weighted average expected yield” is based on an investment’s fair market value as of the applicable period end as disclosed in the Company’s financial statements, which is subject to change from period to period. Please refer to the Company’s quarterly unaudited financial statements for additional disclosures.

5 Over the long term, management expects to generally operate the Company with leverage within a range of 27.5% to 37.5% of total assets (less current liabilities) under normal market conditions. The Company may incur leverage outside of this range, subject to applicable regulatory limits.

6 The ability of the Company to declare and pay distributions on its common shares is subject to a number of factors, including the Company’s results of operations. Distributions on its common shares are generally paid from NII (regular interest and dividends) and may also include capital gains and/or a return of capital. The actual components of the Company’s distributions for US tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099.

 

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