Eagle Point Credit (ECC) investor relations material

Executive summary

• Net asset value (NAV) rose 8% to $4.51 per share from $4.17 at March 31, driven by a rebound in loan prices and CLO equity valuations after Q1 volatility.

• Achieved a 12.7% GAAP return on common equity in Q2 2026, with $70 million net income and strong non-CLO portfolio performance.

• Portfolio repositioned by rotating out of underperforming CLO managers and expanding into differentiated credit opportunities.

• Strategic partnerships with CLO collateral managers and Muzinich in Europe advanced, including the pricing of its inaugural European CLO.

• Total market capitalization stood at $976.4 million as of June 30, 2026.

Financial highlights

• Net investment income (NII) was $0.17 per share; GAAP net income was $70 million ($0.53 per share), including $159.3 million in net unrealized gains and $104.4 million in realized losses.

• Portfolio cash distributions received were $72.10 million in Q2 2026, with recurring cash flows from investments totaling $62 million ($0.47 per share).

• Three monthly common stock distributions of $0.06 per share paid; same level declared for the remainder of 2026 and Q4 2026.

• Net asset value per share at period end was $4.51, with a market price of $3.72, representing a 17.5% discount.

• Weighted average of common shares for Q2 2026 was 132,499,521.

Outlook and guidance

• Management remains constructive on the long-term outlook for CLO equity and broader credit opportunities, focusing on resets, refinancings, and expanding strategic partnerships.

• Unaudited NAV estimate for July month-end is $4.33–$4.43 per share, a 3% decrease from quarter end.

• Ongoing evaluation of common share distributions based on recurring cash flows, GAAP earnings, and taxable income requirements.