Eagle Point Credit reports Q1 EPS 28c, consensus 26c

Reports Q1 NAV per share $7.23. “The Company had a solid start to the year, deploying nearly $200 million into new investments with compelling risk-adjusted returns,” said Thomas Majewski, CEO. “We also actively managed our portfolio towards a longer weighted average remaining reinvestment period and lower debt costs by completing 9 resets and 7 refinancings prior to the selloff in the latter part of the quarter. When the markets turned, we moved much of our focus to secondary opportunities, sourcing attractive investments at discounts.”