Eagle Point Credit Company Inc. (ECC): Business Model Canvas [Dec-2025 Updated]

You're looking at Eagle Point Credit Company Inc. because you know Collateralized Loan Obligation (CLO) equity is where the real yield lives, and honestly, their business model is a pure play on those cash flows. As someone who's spent two decades mapping these complex structures, I can tell you their approach is designed for high current income, supported by a platform managing over $12 billion in AUM as of Q2 2025, targeting a weighted average effective yield of 16.9% in Q3 2025 while promising a stable $0.14 monthly distribution. If you want to see exactly how they engineer this high-yield machine-from their specialized team and key adviser relationships to the financing costs that eat into those gains-dive into the full Business Model Canvas breakdown below.

Eagle Point Credit Company Inc. (ECC) - Canvas Business Model: Key Partnerships

You're looking at the core relationships that let Eagle Point Credit Company Inc. (ECC) actually run its business, which is all about owning the riskiest parts of Collateralized Loan Obligations (CLOs). These aren't just casual contacts; they are essential operational and strategic ties.

Eagle Point Credit Management LLC as the external adviser

The Company is externally managed and advised by Eagle Point Credit Management LLC. This adviser is the engine behind the investment strategy, which is a private equity style approach focused on CLO equity and junior debt tranches. The information and contents of the investment presentations are the property of Eagle Point Credit Management LLC (the Adviser) and/or the Company.

CLO Collateral Managers who manage the underlying loan pools

A key part of the strategy involves assessing the skill of the CLO collateral manager. Eagle Point Credit Company Inc. actively seeks to take a significant stake in its CLO equity investments to influence key terms and conditions. In the second quarter of 2025, the Company formed a second CLO collateral manager partnership with a long-established credit platform, which includes a meaningful, perpetual top-line revenue share expected to generate recurring revenue.

The adviser, Eagle Point Credit Management LLC, managed over $13 billion in Assets Under Management (AUM) as of June 30, 2025, which includes assets managed by Eagle Point and certain affiliates. As of June 30, 2025, ECC, through its CLO equity investments, had indirect exposure to approximately 1,906 unique corporate obligors.

Investment banks for new CLO issuance and refinancings

Investment banks are crucial for the CLO market cycle that ECC participates in. In the first half of 2025, the market saw $108 billion of CLO resets and $49 billion of refinancings. Eagle Point Credit Company Inc. actively deploys capital into this market; for instance, in the third quarter of 2025, the firm proactively optimized its portfolio by deploying nearly $200 million into new attractive investments. In the second quarter of 2025, the Company deployed $86.1 million in gross capital into CLO equity, CLO debt, loan accumulation facilities, and other investments.

Custodians and administrators for fund operations

The Company relies on external custodians and administrators to handle the day-to-day operational and record-keeping functions necessary for a publicly-traded investment company. The Company makes certain unaudited portfolio information available each month on its website.

NYSE for public listing and trading of common and preferred stock

Eagle Point Credit Company Inc. is a publicly traded, closed-end management investment company. Its common shares trade on the New York Stock Exchange under the symbol ECC. The Company also has several series of preferred and convertible preferred stock listed, including tickers such as ECCC, ECC PRD, ECCF, ECCU, ECCV, ECCW, and ECCX. As of September 30, 2025, the Company had debt and preferred equity securities outstanding which totaled 41.8% of its total assets (less current liabilities).

Here's a quick look at some of the key financial metrics tied to these partnerships as of late 2025:

The Company's investment portfolio generated recurring cash distributions of $76.9 million for the third quarter of 2025, or $0.59 per weighted average common share. The weighted average effective yield of the CLO equity portfolio (excluding called CLOs) was 12.41% based on amortized cost as of September 30, 2025.

• The Company's common stock trades on the NYSE under ticker ECC.
• The weighted average effective yield of new CLO equity investments made in Q3 2025 was 16.9%, as measured at the time of investment.
• The look-through weighted average spread of the underlying loans was 3.25% as of September 2025.
• The largest look-through obligor represented 0.6% of the loans underlying the CLO equity portfolio as of June 30, 2025.

Eagle Point Credit Company Inc. (ECC) - Canvas Business Model: Key Activities

You're managing a specialized credit portfolio, so you know the day-to-day actions are what really drive the results. For Eagle Point Credit Company Inc. (ECC), the key activities center on active, hands-on management of their Collateralized Loan Obligation (CLO) equity and junior debt positions.

Active portfolio management of CLO equity and junior debt tranches is the core function. This isn't passive investing; it requires constant evaluation of the underlying collateral and the capital structure of the CLOs themselves. As of the end of Q3 2025, ECC maintained exposure to a highly diversified pool, with indirect exposure to approximately 1,893 unique corporate obligors. To be fair, this diversification is key, as the largest look-through obligor represented only 0.6% of the loans underlying the CLO equity portfolio. Also, the company actively manages credit risk exposure, reporting that CCC-rated exposures within the CLO equity portfolio stood at 4.6% as of quarter end.

The team is constantly sourcing new deals to keep the portfolio current and yield-accretive. This proactive sourcing is a critical activity for maintaining income levels. Here's a quick look at the deployment and yield activity from Q3 2025:

That 16.9% weighted average effective yield on new CLO equity investments is what you're aiming for when sourcing new opportunities in that market segment. The 16 refinancings and 11 resets completed during the quarter were specifically designed to enhance the CLO equity portfolio's earning power and offset loan repricing pressures.

To fund these activities and maintain its structure, Eagle Point Credit Company Inc. must continuously engage in capital raising. This involves both equity and preferred financing, which is essential for a closed-end fund. During Q3 2025, the company executed on this activity:

• Issued approximately 3.6 million shares of common stock through its at-the-market program, generating net proceeds of $26.4 million.
• Issued approximately $13 million of its 7% Series AA and AB convertible perpetual preferred stock.

It's worth noting that the company's leverage profile is actively managed against its targets. As of quarter end, debt and preferred securities outstanding totaled 42% of the company's total assets less current liabilities, which was above the target range of 27.5% to 37.5% under normal market conditions. All of the company's financing remains fixed rate, and there are no maturities prior to April 2028.

Finally, underpinning all investment decisions is the activity of managing regulatory compliance as a closed-end management investment company. Eagle Point Credit Company Inc. is an externally managed, non-diversified closed-end management investment company. A key part of its operational mandate is the intent to operate so as to qualify to be taxed as a regulated investment company. This status dictates many of the operational and distribution requirements the management team must adhere to daily.

Finance: review the impact of the 42% leverage ratio on Q4 projected net investment income by next Tuesday.

Eagle Point Credit Company Inc. (ECC) - Canvas Business Model: Key Resources

The Key Resources for Eagle Point Credit Company Inc. (ECC) center on specialized human capital, significant financial scale, and a stable funding structure, all geared toward their primary objective of generating high current income from CLO equity and junior debt tranches.

The firm's advisory arm, Eagle Point Credit Management LLC, is the core intellectual resource. Its Senior Investment Team members are CLO industry specialists who have been directly involved in the CLO market for the majority of their career. This team utilizes a differentiated private equity style investment approach, proactively sourcing opportunities and seeking to take significant stakes to influence key terms.

The scale of the platform supports this expertise, with over $12 billion in AUM across the Eagle Point platform as of early 2025. This scale allows for significant capital deployment, such as deploying $199.4 million in gross capital into CLO equity, debt, and other investments during the third quarter of 2025.

The resource of capital access is maintained through public listings and continuous offering programs. Eagle Point Credit Company Inc. has publicly listed common stock (ECC) and various preferred stock series, including ECCW and ECCX. This access was recently utilized, with the company issuing approximately $13 million of its 7% Series AA and AB convertible perpetual preferred stock and $26 million of common stock during the third quarter of 2025. Furthermore, the continuous public offering program raised $60 million in net proceeds in the first half of 2025.

A critical financial resource is the firm's funding structure, which provides stability against rate volatility. As of June 30, 2025, all of their financing is fixed rate, and the earliest maturity date is not until April 2028. This structure resulted in a weighted average cost of capital of 6.9% as of that same date.

The effectiveness of their proprietary models and sourcing is reflected in the yields achieved on new investments:

The firm's ability to manage its portfolio proactively is also a key resource, evidenced by completing 16 refinancings and 11 resets of CLOs in the third quarter of 2025.

The firm's publicly listed capital structure includes:

• Common Stock (ECC)
• Preferred Stock Series (e.g., ECCW, ECCX)
• Term Preferred Stock (e.g., Series C, D, F)
• Convertible Perpetual Preferred Stock (Series AA and AB)

Eagle Point Credit Company Inc. (ECC) - Canvas Business Model: Value Propositions

You're looking at what Eagle Point Credit Company Inc. (ECC) offers to its investors-the core reasons they choose this specific investment vehicle over others. Honestly, for a closed-end fund focused on CLO equity, the value proposition centers on yield, access, and structure.

High Current Income Generation and Yield Metrics

The main draw here is the focus on generating substantial current income from niche, less liquid assets. ECC achieves this by investing primarily in the equity and junior debt tranches of Collateralized Loan Obligations (CLOs). You can see the potential return profile in their recent activity:

• The weighted average effective yield on new CLO equity investments made during the third quarter of 2025 was 16.9%, measured at the time of investment.
• As of September 30, 2025, the weighted average expected yield on the entire CLO equity portfolio (excluding called CLOs, based on fair market value) stood at 18.28%.
• For the third quarter of 2025, the company received $76.9 million in recurring cash distributions from its investment portfolio, which translated to $0.59 per weighted average common share.

Stable Distribution Framework

Investors value the commitment to regular payouts, which is a key feature for an income-focused vehicle. Eagle Point Credit Company Inc. has consistently maintained a specific monthly payout level:

The declared regular monthly distribution for common shareholders for the first quarter of 2026 is $0.14 per share. This translates to an annual payout target of $1.68 per share ($0.14 multiplied by 12 months). This distribution level is supported by the company's primary investment objective to generate high current income.

Portfolio Diversification and Risk Management

While ECC is classified as a non-diversified investment company, its underlying exposure offers a broad base of credit risk, which is a critical point for managing single-name default risk. Here are the portfolio statistics as of September 30, 2025:

This level of granularity helps you understand that the portfolio is not overly reliant on any single borrower. Also, management proactively deployed nearly $200 million in gross capital during the third quarter of 2025, showing active management to capture value.

Differentiated Investment Strategy

Eagle Point Credit Company Inc. offers access to the CLO equity space, which is often the domain of private funds, but within a public structure. This is their differentiated, private equity-style approach to CLO investing. They focus on the riskiest, highest-yielding tranches of CLOs, seeking capital gains as a secondary objective. The firm actively manages this by executing structural optimizations:

• During Q3 2025, the team proactively completed 11 resets and 16 refinancings of their CLO equity investments.
• Management indicated a pipeline targeting action on over 20% of the portfolio through resets and refinancings in the coming quarters.

Transparency and Public Structure

As a publicly traded, regulated investment company (RIC), ECC provides a level of oversight and liquidity not typically available with direct private credit fund investments. You get regular SEC filings and public reporting. For instance, the company's asset coverage ratios as of September 30, 2025, were 239% for preferred stock and 529% for debt, both exceeding the statutory requirement of 200%. This structural transparency is a key differentiator for a strategy rooted in complex structured credit.

Eagle Point Credit Company Inc. (ECC) - Canvas Business Model: Customer Relationships

You're looking at how Eagle Point Credit Company Inc. (ECC) keeps its investors informed and engaged, which is key for a closed-end fund focused on complex assets like CLO equity. Their relationship strategy centers on transparency and consistent, high-frequency communication.

Regular Investor Calls and Detailed Quarterly Financial Presentations

Eagle Point Credit Company Inc. makes a point of hosting regular calls to walk through performance. For instance, they released their Q3 2025 quarterly presentation on November 13, 2025, following up on earlier calls for Q1 2025 (May 28, 2025) and Q2 2025 (August 12, 2025). These presentations, hosted by Chief Executive Officer Thomas P. Majewski, offer deep dives into the portfolio. To ensure access, they provide specific dial-in numbers, like the one for the Q3 2025 call: (844) 512-2921 (toll-free) or (412) 317-6671 (international), using Conference ID 13755162. They also make replays available; the Q3 2025 replay was accessible until December 12, 2025.

Here's a look at the cadence and key data points shared:

Dividend Reinvestment Plan (DRIP) for Common Stockholders

The monthly distribution policy is a core relationship feature. Eagle Point Credit Company Inc. declared a monthly distribution of $0.14 per share of common stock beginning in January 2025. This translated to an annualized distribution rate of 27.1% based on Q3 2025 figures. As of the Q3 2025 report, the company noted cumulative common distributions paid since its IPO on October 7, 2014, reached $23.17 per share. For those tracking the stock price, the forward dividend yield as of November 28, 2025, was cited at 27.23%. The total return calculation for performance reporting specifically assumes dividends are reinvested on payment dates at prices obtained by the company's DRIP.

Proactive Communication Regarding Portfolio Strategy and Market Outlook

The management team actively communicates portfolio adjustments designed to enhance earnings power. In Q3 2025, they proactively deployed nearly $200 million into new attractive investments. The weighted average effective yield on these new CLO equity investments during that quarter was 16.9%. This active management also involved extending the Weighted Average Remaining Reinvestment Period (WARRP) of the CLO equity portfolio to 3.3 years as of June 30, 2025, which they noted was roughly 43% longer than the broader market average.

You can see the focus on deploying capital in the table below:

• Deployed $285 million of capital into CLO equity, CLO debt, and other related investments in the first half of 2025.
• Of that H1 2025 deployment, $169 million was invested in CLO equity at a Weighted Average Effective Yield (WAEY) of 18.4% at purchase.
• For the month of January 2025, net capital deployed was $59.2 million.
• The look-through weighted average spread of the underlying loans was 3.25% as of September 2025.

Investor Relations Team Handling Direct Inquiries and Concerns

The relationship is supported by a dedicated structure. The Adviser, Eagle Point Credit Management LLC, is staffed by 117 professionals. You are directed to the Investor Relations section of the website, www.EaglePointCreditCompany.com, for registration for calls and to download materials. The team handles direct investor needs through this portal and public disclosures. For example, the company makes certain unaudited portfolio information available monthly on its website.

Public Filings (10-Qs, 10-Ks) Providing Full Financial Disclosure

Full financial transparency is maintained through required SEC filings. The Total Market Capitalization for Eagle Point Credit Company Inc. was reported as $1,408.8 million in the Q3 2025 presentation. The company files its 10-Qs and 10-Ks, which are publicly accessible on the SEC's EDGAR database. As of September 30, 2025, the debt and preferred equity securities outstanding totaled 41.8% of its total assets (less current liabilities).

Key disclosure points from recent filings include:

• GAAP Net Income for Q3 2025 was $15.5 million, or $0.12 per weighted average common share.
• Total portfolio cash distributions received in Q3 2025 were $79.36 million, or $0.59 per weighted average common share.
• As of October 31, 2025, management's estimated NAV range was between $6.69 and $6.79 per common share.

Finance: draft 13-week cash view by Friday.

Eagle Point Credit Company Inc. (ECC) - Canvas Business Model: Channels

New York Stock Exchange (NYSE) for common and preferred stock trading

Eagle Point Credit Company Inc. common stock trades on the NYSE under the ticker symbol ECC. The company also has multiple series of preferred stock trading under tickers including ECCC, ECC PRD, ECCF, ECCU, ECCV, ECCW, and ECCX.

As of December 5, 2025, the stock price was $6.31. The 52-week range for the stock has been between $5.44 and $9.53. On the last reported day, the share volume was 1,361,425, against an average volume of 178,955. The Total Market Capitalization was reported as $1,408.8 million in November 2025 data.

The common stock distribution channel is supported by the following financial metrics:

Publicly available financial reports and investor presentations

Eagle Point Credit Company Inc. makes its core analysis documents available to the public. The company filed its 3Q25 Supplemental Investor Presentation on November 13, 2025. The 2Q25 Supplemental Investor Presentation was filed on August 12, 2025. The 1Q25 Supplemental Investor Presentation was available on May 28, 2025.

The company also provides more frequent updates:

• ECC October 2025 Monthly Portfolio Update: November 13, 2025
• ECC September 2025 Monthly Portfolio Update: October 11, 2025
• ECC August 2025 Monthly Portfolio Update: September 09, 2025

Brokerage platforms and financial advisors for retail access

Retail investors access Eagle Point Credit Company Inc. shares through standard brokerage platforms. The company's investment objective focuses on generating high current income, which attracts yield-focused retail investors. The company declared a regular monthly distribution of $0.14 per share for the first quarter of 2026. The Price to Book Value per Share Ratio was 0.52.

Direct communication via the company website and email alerts

The company website, eaglepointcreditcompany.com, serves as a central hub for investor information, including Quarterly Investor Presentations and Monthly Reports. Direct contact for investor relations is available via email at ir@eaglepointcreditcompany.com. The website also provides access to Section 19 Notices regarding distributions and Tax Characteristics Form 8937 for preferred stock.

Earnings calls and webcasts for direct management access

Management provides direct access through scheduled earnings calls and webcasts. The Eagle Point Credit Co LLC ECC Q3 2025 Earnings Call was scheduled for Thursday, November 13, 2025, before market open. The Q2 2025 Earnings Conference Call took place on August 12, 2025 at 10:00 a.m. ET. Participants on the Q3 2025 call included Chief Executive Officer Thomas Majewski and Chief Financial Officer/Chief Operating Officer Ken Onorio. For Q3 2025, the company recorded net investment income less realized losses from investments of $21 million or 16 cents per share.

Eagle Point Credit Company Inc. (ECC) - Canvas Business Model: Customer Segments

The customer segments for Eagle Point Credit Company Inc. are primarily defined by their investment objectives, which align with the Company's primary goal to generate high current income.

The ownership structure as of late 2025 provides a quantitative view of these segments:

The remaining ownership percentage, approximately 87.15% based on the provided institutional and insider figures, is comprised of retail investors and other non-reporting entities.

Retail investors seeking high current income and yield:

• Individuals attracted to the monthly distribution structure, which included a common stock distribution of $0.14 per share for January 2025 and onward.
• Investors comfortable with the volatility inherent in seeking high yield from CLO equity and junior debt.

Institutional investors like endowments and foundations:

• These entities contribute to the 12.14% institutional holding as of November 2025.
• The platform overall manages over $13 billion in Assets Under Management across institutional, high net worth, and retail investors.
• Examples of institutional holders filing with the SEC include Stone Point Capital Llc and Morgan Stanley.
• One specific institutional holder, Alpine Global Management LLC, held 333,333 shares in November 2025.

Financial professionals and advisors managing client portfolios:

• These professionals allocate capital to Eagle Point Credit Company Inc. on behalf of their clients, utilizing the closed-end fund structure for income generation.
• The Company's common stock traded at a closing price of $6.88 as of July 31, 2025, against a NAV of $7.31.

Investors comfortable with the volatility of CLO equity and junior debt:

• The investment strategy focuses primarily on equity and junior debt tranches of Collateralized Loan Obligations (CLOs).
• The weighted average effective yield of new CLO equity investments made during Q3 2025 was 16.9% at the time of investment.

Holders of various preferred stock series (e.g., ECCW, ECCX):

• This segment holds preferred stock, which receives fixed monthly distributions.
• Distributions paid on July 31, 2025, included $0.135417 per share for Series C Term Preferred Stock and $0.166667 per share for Series F Term Preferred Stock.
• The Company has a significant portion of its preferred stock financing structured as perpetual, meaning it has no set maturity date.

Eagle Point Credit Company Inc. (ECC) - Canvas Business Model: Cost Structure

You're looking at the expenses Eagle Point Credit Company Inc. (ECC) incurs to run its investment management structure, which is heavily reliant on an external adviser. These costs directly impact the net returns available to common shareholders.

The cost structure is dominated by fees paid to the external adviser, financing costs associated with leverage, and investment losses.

Management and incentive fees paid to the external adviser

• The management fee is calculated quarterly, in arrears, at an annual rate equal to 1.75% of the Company's "total equity base."
• The "total equity base" is defined as the net asset value attributable to the common stock plus the paid-in, or stated, capital of the preferred stock.
• For the six months ended June 30, 2025, Eagle Point Credit Company Inc. was charged management fees of $10.0 million.
• The incentive fee is calculated and payable quarterly based on the pre-incentive fee net investment income (PNII).

Financing costs and operating expenses totaling $21.1 million (Q3 2025)

For the third quarter of 2025, the total of financing costs and operating expenses was reported as $21.1 million, or approximately $0.16 per weighted average common share when netted against realized losses from investments. Some reports round this figure to $21 million.

Interest expense on fixed-rate debt and preferred stock distributions

Eagle Point Credit Company Inc. funds its operations using debt and preferred stock, all of which carry associated costs. A significant component of this is the cost related to preferred stock, which is considered temporary equity.

All of Eagle Point Credit Company Inc.'s financing remains fixed-rate, and the company has no debt maturities prior to April 2028.

Realized capital losses on investments of $10.2 million (Q3 2025)

During the third quarter of 2025, the company recorded realized capital losses on investments amounting to $10.2 million. This figure is reported as a component offsetting investment income in the GAAP net income calculation. This compares to realized losses from investments of $0.08 per weighted average common share for the quarter.

General and administrative costs, plus legal and audit fees

These costs are embedded within the broader operating expenses. As of December 31, 2024, the annual expense ratios per common share included:

• Management Fees: 2.06%
• Other Expenses: 4.38%
• Interest Expense: 2.15%

The total reported expense ratio as of December 31, 2024, was 8.58%.

Other specific offsets to GAAP net income for Q3 2025 included:

• Net unrealized losses on certain liabilities held at fair value: $1.7 million.
• Realized losses from forward currency contracts: $0.9 million.

Finance: draft 13-week cash view by Friday.

Eagle Point Credit Company Inc. (ECC) - Canvas Business Model: Revenue Streams

You're looking at the core ways Eagle Point Credit Company Inc. (ECC) brings in money, which is heavily tied to its portfolio of Collateralized Loan Obligation (CLO) equity and debt investments. As a seasoned analyst, I can tell you these streams are what drive the monthly distributions you see.

The primary engine for cash flow is the steady income generated by the underlying assets. For the third quarter of 2025, the company received $77 million in recurring cash distributions from its investment portfolio. 1, 2 This is the cash flow ECC expects to use to cover its operating expenses and make shareholder payments. To be fair, this figure was slightly lower than the prior quarter's $\mathbf{\$85}$ million. 2

Beyond the direct distributions, the overall investment performance contributes significantly. For Q3 2025, the total investment income, which includes interest and dividends earned, hit $52.0 million. 1, 3 This revenue figure actually beat the consensus estimate of $\mathbf{\$50.86}$ million. 5

Here is a breakdown of the key components that made up the GAAP net income for the third quarter of 2025:

When ECC sells an investment, it realizes a capital gain or loss. For Q3 2025, the company recorded realized capital losses on investments of $10.2 million, which partially offset the total investment income. 1 This is a key area to watch, as realized losses directly impact the Net Investment Income (NII) less realized losses figure, which was $\mathbf{\$21}$ million or $\mathbf{\$0.16}$ per share for the quarter. 2, 4

Eagle Point Credit Company Inc. also raises capital directly from the market, which serves as a funding source for new investments. You should note these capital raises are distinct from investment income:

• Net proceeds from the issuance of common stock via its at-the-market program totaled $26 million in Q3 2025. 2
• The company also issued approximately $\mathbf{\$13.2}$ million in Series AA and AB 7.00% Convertible Perpetual Preferred Stock during the quarter. 1, 2

Finally, the mark-to-market accounting component, unrealized gains on investments, was $3.6 million for the third quarter of 2025. 1 This figure reflects the current fair value adjustments to the portfolio assets, which flows through to the GAAP net income calculation. Finance: draft the Q4 2025 capital deployment forecast by next Wednesday.