ECC's Slow Motion Collapse Looks Destined To Continue

Eagle Point Credit (ECC) remains a strong sell due to unsustainable distributions and rapid shareholder value deterioration. ECC's heavy exposure (67%) to CLO equity tranches amplifies risk, especially in periods of economic weakness or systemic credit distress. Net asset value per share has collapsed from $13.39 in 2021 to $4.17 in Q1 2026, reflecting persistent capital erosion.