Eagle Point Credit reports Q4 EPS 23c, consensus 22c

Reports Q4 NAV per share $5.70. “During the fourth quarter, we continued our disciplined focus on portfolio management and long-term value creation through CLO resets and refinancings. These actions helped mitigate some of the headwinds faced by CLO equity this past year,” said Thomas Majewski, CEO. “We also leveraged our Adviser’s broader investment origination capabilities, opportunistically increasing the Company’s exposure to credit asset classes beyond CLO equity. During the fourth quarter, we deployed $184 million of capital, of which approximately $147 million was in such investments. This strategy complements our core CLO equity portfolio and reflects an intentional decision to focus on maximizing total return for our shareholders. Over time, we expect the portion of our portfolio invested in other credit asset classes to increase, as we allocate capital to the most attractive risk-adjusted opportunities.”