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EAGLE POINT CREDIT COMPANY INC . ANNOUNCES THIRD QUARTER 2021 FINANCIAL RESULTS AND SPECIAL DISTRIBUTION TO COMMON STOCKHOLDERS GREENWICH , Conn . - November 16 , 2021 - Eagle Point Credit Company Inc. ( the " Company " ) ( NYSE : ECC , ECCB , ECCC , ECCW , ECCX , ECCY ) today announced financial results for the quarter ended September 30 , 2021 , net asset value ( “ NAV " ) as of September 30 , 2021 , a special distribution for common stockholders and certain additional activity through October 31 , 2021 . THIRD QUARTER 2021 HIGHLIGHTS Net investment income ( " NII " ) and realized capital gains of $ 0.39 per weighted average common share for the third quarter . ● ● ● ● EAGLE POINT CREDIT COMPANY ● ● NAV per common share of $ 13.98 as of September 30 , 2021 , up 8 % from $ 12.97 as of June 30 , 2021 . Third quarter GAAP net income ( inclusive of unrealized mark - to - market gains ) of $ 47.2 million , or $ 1.35 per weighted average common share . Weighted average effective yield of the Company's collateralized loan obligation ( " CLO " ) equity portfolio ( excluding called CLOs ) , based on amortized cost , was 16.35 % as of September 30 , 2021 . Weighted average expected yield of the Company's CLO equity portfolio ( excluding called CLOS ) , based on fair market value , was 17.84 % as of September 30 , 2021² . Deployed $ 68.8 million in net capital into CLO equity and debt investments and received $ 43.2 million in recurring cash distributions³ from the Company's investment portfolio . 9 of the Company's CLO equity positions were reset and 2 of the Company's CLO equity positions were refinanced . Issued 746,061 shares of common stock and 435,612 shares of Series C Term Preferred Stock , pursuant to the Company's " at - the - market " offering program , for total net proceeds of approximately $ 20.9 million . 1 " Per weighted average common share " data are on a weighted average basis based on the average daily number of shares of common stock outstanding for the period and " per common share " refers to per share of the Company's common stock . 2 Weighted average effective yield is based on an investment's amortized cost whereas weighted average expected yield is based on an investment's fair market value as of the applicable period end as disclosed in the Company's financial statements , which is subject to change from period to period . Please refer to the Company's quarterly unaudited financial statements for additional disclosures . 3 " Recurring cash distributions " refers to the quarterly distributions received by the Company from its CLO equity and debt investments and distributions from loan accumulation facilities in excess of capital invested and excludes funds received from CLOs called .