Eagle Point Credit Q3 net loss totals $16.4 million, NAV falls
ECC•Eagle Point Credit reported a third-quarter net loss of $16.4 million, and NAV per share fell to $4.17 from $4.51 at the prior quarter-end. The company plans to redeem all Series C Term Preferred Shares and part of its 2029 notes, and declared monthly common share distributions of $0.06 for Q1 2027.
1. Quarterly results
Eagle Point Credit reported a third-quarter net loss of $16.4 million, driven by net unrealized losses on investments and realized losses. NAV per share fell to $4.17 from $4.51 at the prior quarter-end.
2. Redemptions and distributions
The company plans to fully redeem its Series C Term Preferred Shares and partially redeem its 2029 notes. It declared monthly common share distributions of $0.06 for Q1 2027 and estimated NAV per common share at $3.73 to $3.83 as of Oct. 31, 2026.
3. Portfolio drivers
Eagle Point said portfolio cash flows supported strong net investment income that more than covered common share distributions. It said its expansion into private credit strategies enhanced portfolio diversification and generated incremental earnings.
