Earnings Call Summary | Eagle Point Credit(ECC.US) Q4 2023 Earnings Conference
Earnings Call Summary | Eagle Point Credit(ECC.US) Q4 2023 Earnings Conference
The following is a summary of the Eagle Point Credit Co LLC (ECC) Q4 2023 Earnings Call Transcript:
以下是Eagle Point Credit Co LLC（ECC）2023年第四季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
Eagle Point Credit Company reported a GAAP return of equity of 20.79% and a total return on common stock of 18.92% for 2023.
Net income and realized capital gains for Q4 totaled $0.33 per share.
The company received recurring cash flows on its portfolio in Q4 of $60.7 million, or $0.82 per common share.
NAV per share as of December 31 was $9.21, a modest decrease from September 30, but up 2% for the full year.
Aggregate common distributions and expenses for the quarter were exceeded by $0.14 per share.
The company paid $0.48 per share of cash distributions to common shareholders in Q4, taking the total for the year to $1.86 per share.
鹰点信贷公司报告称，2023年GAAP股本回报率为20.79％，普通股总回报率为18.92％。
第四季度净收益和已实现资本收益总额为每股0.33美元。
该公司的投资组合在第四季度获得了6,070万美元的经常性现金流，合每股普通股0.82美元。
截至12月31日，每股资产净值为9.21美元，较9月30日略有下降，但全年增长了2％。
该季度的普通股分配和支出总额超过了每股0.14美元。
该公司在第四季度向普通股股东支付了每股0.48美元的现金分配，使该年度的现金分配总额达到每股1.86美元。
Business Progress:
业务进展：
Eagle Point deployed $34 million in net capital into new investments for the fourth quarter and raised an additional $47 million of net proceeds through the issuance of a new Series F term preferred stock due in 2029.
The company issued approximately 4.5 million common shares at a premium, generating NAV accretion of $0.03 per share during the quarter.
The company declared additional variable supplemental distributions of $0.02 per share for aggregate monthly common distributions through the end of June 2024.
The company's CLO equity portfolio's weighted-average effective yield was 16.7%, an increase from 16.29% end of September.
The company's CLO equity portfolios weighted average remaining reinvestment period stood at 2.4 years, well above the market average of 1.6 years.
The company is prepared for an increase in third-party new issue CLO activity throughout the year, suggesting promising returns.
Distributions for Q2 have been declared in line with recent distributions, with the variable supplemental distribution to be reviewed on a quarterly basis.
Eagle Point在第四季度将3,400万美元的净资本用于新投资，并通过发行将于2029年到期的新F系列定期优先股，额外筹集了4700万美元的净收益。
该公司以溢价发行了约450万股普通股，本季度每股资产净值增长0.03美元。
该公司宣布，截至2024年6月底，每月普通股分配总额为每股0.02美元的额外可变补充分配。
该公司的CLO股票投资组合的加权平均有效收益率为16.7％，高于9月底的16.29％。
该公司的CLO股票投资组合的加权平均剩余再投资期为2.4年，远高于1.6年的市场平均水平。
该公司已为全年第三方新发行CLO活动的增加做好了准备，这表明回报良好。
已宣布第二季度的分配与最近的分配一致，可变补充分配将按季度进行审查。
More details: Eagle Point Credit IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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