Eagle Point funds post Q3 2026 results, set Q1 2027 payouts and partly redeem debt

what happened

Eagle Point Credit Company and Eagle Point Income Company released their third-quarter 2026 results, according to TradingView. Credit's net asset value per common share fell to $4.17 at September 30 from $4.51 at June 30, while its net investment income came to $0.31 per share. On a GAAP basis, Credit reported a net loss of $16.4 million. Income's NAV slipped to $12.39 from $12.52, with net investment income of $0.73 per share and GAAP net income of $4.6 million.

Both funds declared monthly common payouts for the first quarter of 2027, at $0.06 per share for Credit and $0.11 for Income, with record dates in January, February and March. Credit also set dividends on its 6.75% Series D preferred shares and its 7.00% convertible perpetual preferred shares, while Income declared payouts on its 6.00% convertible perpetual preferred shares.

On December 22, 2026, Credit plans to fully redeem its 6.50% Series C Term Preferred Shares due 2031 and retire 25%, or $20,885,375, of its 5.375% notes due 2029. Preferred shares will be redeemed at $25.00 each plus unpaid accumulated distributions, and the notes at $25.00 plus accrued interest. The Series C shares will be delisted from the New York Stock Exchange afterward.

why it matters

For markets this is mostly routine reporting from CLO-focused closed-end funds, but it shows how these vehicles are reshaping their portfolios. Income's CLO effective yield rose to 10.7% from 9.7% in June, while Credit says 38% of its portfolio is now in private credit. Both funds estimate their NAV at October 31 below the September 30 levels, in the ranges of $3.73 to $3.83 for Credit and $11.92 to $12.02 for Income.

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