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Eagle Point Credit reports Q2 EPS 23c, consensus 25c

Reports Q2 NAV per share $7.31. “We took advantage of the market dislocation in the second quarter to acquire discounted CLO equity investments that will enhance the Company’s returns over the long-term,” said Thomas Majewski, CEO. “Despite the dislocation, recurring cash flows from our portfolio remained robust during the quarter, comfortably exceeding our distributions and operating expenses.”

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