Eagle Point Credit Company

Eagle Point Credit Company (NYSE: ECC) is the retail flagship of a Greenwich, Connecticut CLO-investing complex that also runs a sister CLO-debt fund (EIC), three non-traded funds, a young direct lender, and 22 private-fund offerings with $3.48 billion of aggregate issuer-reported Form D sales. Its twelve-year audited record is more nuanced than the headline yield suggests: the fund produced a 6.99% annualized market total return over the ten years through 2025, but trailed its disclosed benchmark while NAV per share eroded from $13.39 (year-end 2021) to $5.70 (year-end 2025), and the deterioration then accelerated: 54.99% of the 2025 common distribution was ultimately classified as return of capital, the 2025 market total return was -17.97%, NAV fell to $4.17 at March 31, 2026, and the board cut the monthly distribution 57%, from $0.14 to $0.06, beginning in April 2026. A reported DOJ criminal antitrust investigation of CLO-investor conduct hangs over the sector; a related private lawsuit briefly named five Eagle Point entities in January 2026 but was voluntarily dismissed without prejudice days later.