Eagle Point Credit Company Inc. Announces Third Quarter 2016 Financial Results

Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, NYSE:ECCA, NYSE:ECCB, NYSE:ECCZ) today announced financial results for the fiscal quarter ended September 30, 2016 and net asset value ("NAV") as of September 30, 2016 in addition to certain portfolio activity through November 11, 2016.

THIRD QUARTER HIGHLIGHTS

The Company's net investment income ("NII") and realized capital gains for the quarter ended September 30, 2016 was $0.54 per share of common stock (based on the average daily number of shares outstanding for the period). This compares to NII and realized capital gains per share of $0.57 for the quarter ended June 30, 2016, and $0.51 per share for the quarter ended September 30, 2015.

For the quarter ended September 30, 2016, the Company recorded net income of $42.4 million, or $2.80 per share of common stock (based on the average daily number of shares outstanding for the period). Net income was comprised of total investment income of $13.7 million, net unrealized appreciation, or unrealized mark-to-market gain on investments, of $34.2 million and realized capital gains on investments of $0.5 million, offset by total expenses of $6.0 million.

During the quarter ended September 30, 2016, the Company received $21.6 million of cash flow from its investment portfolio, or $1.43 per share of common stock (based on the average daily number of shares outstanding during the period).

The NAV of the Company as of September 30, 2016 was $255.4 million, or $16.66 per share of common stock. This was an increase of $36.6 million or $2.20 per share from the quarter ended June 30, 2016.

During the quarter ended September 30, 2016, the Company made gross new investments totaling $52.2 million. The weighted average effective yield of new collateralized loan obligation ("CLO") equity investments made by the Company during the quarter was 20.16% as measured at the time of investment.

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