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年第四季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
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.
鷹點信貸公司報告稱，2023年GAAP股本回報率爲20.79％，普通股總回報率爲18.92％。
第四季度淨收益和已實現資本收益總額爲每股0.33美元。
該公司的投資組合在第四季度獲得了6,070萬美元的經常性現金流，合每股普通股0.82美元。
截至12月31日，每股資產淨值爲9.21美元，較9月30日略有下降，但全年增長了2％。
該季度的普通股分配和支出總額超過了每股0.14美元。
該公司在第四季度向普通股股東支付了每股0.48美元的現金分配，使該年度的現金分配總額達到每股1.86美元。
Business Progress:
業務進展：
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在第四季度將3,400萬美元的淨資本用於新投資，並通過發行將於2029年到期的新F系列定期優先股，額外籌集了4700萬美元的淨收益。
該公司以溢價發行了約450萬股普通股，本季度每股資產淨值增長0.03美元。
該公司宣佈，截至2024年6月底，每月普通股分配總額爲每股0.02美元的額外可變補充分配。
該公司的CLO股票投資組合的加權平均有效收益率爲16.7％，高於9月底的16.29％。
該公司的CLO股票投資組合的加權平均剩餘再投資期爲2.4年，遠高於1.6年的市場平均水平。
該公司已爲全年第三方新發行CLO活動的增加做好了準備，這表明回報良好。
已宣佈第二季度的分配與最近的分配一致，可變補充分配將按季度進行審查。
More details: Eagle Point Credit IR
更多詳情： 鷹點信貸投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。