Clos

Eagle Point Income Company Inc. Announces Third Quarter 2022 Financial Results

Retrieved on: 
Tuesday, November 15, 2022
Banking, Professional Services, Finance, Investment, Form 1099, Calendar, GAAP, NII, NAV, Environment, Eastern Time Zone, Prospectus, Conference, NYSE, EIC, Security (finance), CLO, Depreciation, EICA, Clos, LIBOR, Renewable energy, Renting, Bank, Airline

Eagle Point Income Company Inc. (the Company) (NYSE: EIC, EICA) today announced financial results for the quarter ended September 30, 2022, net asset value (NAV) as of September 30, 2022 and certain additional activity through October 31, 2022.

Key Points: 
  • Eagle Point Income Company Inc. (the Company) (NYSE: EIC, EICA) today announced financial results for the quarter ended September 30, 2022, net asset value (NAV) as of September 30, 2022 and certain additional activity through October 31, 2022.
  • The Companys NII for the quarter ended September 30, 2022 was $0.40 per weighted average common share, net of non-recurring expenses.
  • For the quarter ended September 30, 2022, the Company recorded a GAAP net loss of $3.6 million, or $0.51 per weighted average common share.
  • The Company will host a conference call at 11:30 a.m. (Eastern Time) today to discuss the Companys financial results for the quarter ended September 30, 2022, as well as a portfolio update.

Eagle Point Credit Company Inc. Announces Third Quarter 2022 Financial Results

Retrieved on: 
Tuesday, November 15, 2022
Professional Services, Finance, ECC, Investment, ECCW, Form 1099, Calendar, GAAP, NII, NAV, Environment, Eastern Time Zone, Conference, NYSE, ECCV, Security (finance), CLO, Depreciation, Face, Clos, Venture round, ECCC, Renewable energy, Bank, Financial services, Holding company, Life insurance, Series

Eagle Point Credit Company Inc. (the Company) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced financial results for the quarter ended September 30, 2022, net asset value (NAV) as of September 30, 2022 and certain additional activity through October 31, 2022.

Key Points: 
  • Eagle Point Credit Company Inc. (the Company) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced financial results for the quarter ended September 30, 2022, net asset value (NAV) as of September 30, 2022 and certain additional activity through October 31, 2022.
  • NAV per common share of $10.23 as of September 30, 2022, compared to $10.08 as of June 30, 2022.
  • For the quarter ended September 30, 2022, the Company recorded GAAP net income of $9.7 million, or $0.21 per weighted average common share.
  • FOURTH QUARTER 2022 PORTFOLIO ACTIVITY THROUGH OCTOBER 31, 2022 AND OTHER UPDATES
    During October 2022, the Company received $31.2 million of recurring cash distributions from its investment portfolio.

Medalist Partners Forms Strategic Partnership with Semper Capital Management to Capitalize on Significant Opportunities in Structured Credit

Retrieved on: 
Wednesday, November 9, 2022
Finance, Consulting, Banking, Professional Services, Other Professional Services, COO, Entrepreneurship, Investment, Partnership, Multimedia, Credit, SEC, CFA, Solution, Partner, Medalist, CEO, Spinal muscular atrophies, Clos, Security (finance), Financial services

Medalist Partners (Medalist) and Semper Capital (Semper) announced today that they have formed a strategic partnership to co-invest across structured credit opportunities while leveraging the complementary investment expertise across both platforms.

Key Points: 
  • Medalist Partners (Medalist) and Semper Capital (Semper) announced today that they have formed a strategic partnership to co-invest across structured credit opportunities while leveraging the complementary investment expertise across both platforms.
  • Medalist and its affiliates currently manage approximately $2.2 billion in assets across strategies in asset-based private credit, structured credit and collateralized loan obligations (CLOs).
  • Medalist Partners is an alternative investment management firm specializing in asset-based private credit, structured credit and CLOs.
  • Semper Capital is an independent investment management firm specializing in mortgage- and asset-backed securities, asset-based lending, and other structured credit investments.

Eagle Point Income Company Inc. Announces 14% Increase in Common Stock Distributions for First Quarter 2023

Retrieved on: 
Monday, November 7, 2022
Professional Services, Finance, Private Securities Litigation Reform Act, Calendar, U.S. Securities and Exchange Commission, NAV, Income, Prospectus, Company, CLO, Clos, Security (finance)

The Company is a diversified, closed-end management investment company.

Key Points: 
  • The Company is a diversified, closed-end management investment company.
  • The Companys primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs.
  • In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities.
  • The Company is externally managed and advised by Eagle Point Income Management LLC.

Monroe Capital Closes $502.5 Million Collateralized Loan Obligation XIV

Retrieved on: 
Thursday, November 3, 2022
Banking, Asset Management, Professional Services, Finance, AUM, BNP Paribas, BB, CLO, BDC, Clos, Bookrunner, Capital, LTD, Lead management, AAA, Bank, Financial services

Monroe Capital LLC (Monroe) today announced the closing of a $502.5 million term debt securitization known as Monroe Capital MML CLO XIV, LTD.

Key Points: 
  • Monroe Capital LLC (Monroe) today announced the closing of a $502.5 million term debt securitization known as Monroe Capital MML CLO XIV, LTD.
  • Monroe and its affiliates retained a majority of the Subordinated Notes in the transaction.
  • We were able to upsize the CLO due to strong investor demand, said Jeremy VanDerMeid, Portfolio Manager of Monroe.
  • Monroe Capital LLC (Monroe) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic and structured credit, and equity.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Retrieved on: 
Tuesday, November 1, 2022
Government agency, Unitary state, PML, Mission statement, New York Stock Exchange, PDO, Contingent convertible bond, Federal Reserve Board of Governors, Investment, PCQ, New, Environment, Leg, Calendar, Loss, Record, Delinquent, PNF, Government, Annual report, Income, Time, PMX, Risk, Clos, FDIC, Tax, NAV, Bank, PIMCO, PNI, News, Sale, PCK, PMF, PZC, Life insurance, Security (finance), Fund

Returns are calculated by determining the percentage change in net asset value (NAV) or market price (as applicable) of the Funds common shares in the specific period.

Key Points: 
  • Returns are calculated by determining the percentage change in net asset value (NAV) or market price (as applicable) of the Funds common shares in the specific period.
  • There can be no assurance that all distributions paid by these Funds will be exempt from federal income taxes or applicable state or local income taxes.
  • The tax treatment and characterization of a Funds distributions may varysignificantly from time to time because of the varied nature of the Fundsinvestments.
  • As with any stock, the price of a Funds common shares will fluctuate with market conditions and other factors.

Eagle Point Income Company Inc. Schedules Release of Third Quarter 2022 Financial Results on Tuesday, November 15, 2022

Retrieved on: 
Tuesday, November 1, 2022
Banking, Professional Services, Finance, EIC, Security (finance), Calendar, Method, U.S. Securities and Exchange Commission, Conference, Income, NYSE, Prospectus, Clos, CLO, Eastern Time Zone, Telephone, NAV, Private Securities Litigation Reform Act, Company, Investor relations, EICA, Risk management

Eagle Point Income Company Inc. (the Company) (NYSE: EIC, EICA) today announced that it plans to report financial results for the quarter ended September 30, 2022 prior to the opening of the financial markets on Tuesday, November 15, 2022.

Key Points: 
  • Eagle Point Income Company Inc. (the Company) (NYSE: EIC, EICA) today announced that it plans to report financial results for the quarter ended September 30, 2022 prior to the opening of the financial markets on Tuesday, November 15, 2022.
  • The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time).
  • Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with Lena Umnova, Chief Accounting Officer.
  • The Company is externally managed and advised by Eagle Point Income Management LLC.

Electronic Trading Platform Octaura Appoints Jason Cohen as Chief Operating Officer and Chief Financial Officer

Retrieved on: 
Tuesday, November 1, 2022
Data Analytics, Professional Services, Business, Finance, Acquisition, Leadership, Automation, Time, Industry, Clos, Ecosystem, COO, EBS, CFO, Technology, Adoption, Multimedia, CME Group, Solution, Management

Octaura, the industry-led electronic trading, data and analytics solution for syndicated loans and collateralized loan obligations (CLOs), today announced the appointment of industry veteran Jason Cohen to the position of Chief Operating Officer & Chief Financial Officer, effective immediately.

Key Points: 
  • Octaura, the industry-led electronic trading, data and analytics solution for syndicated loans and collateralized loan obligations (CLOs), today announced the appointment of industry veteran Jason Cohen to the position of Chief Operating Officer & Chief Financial Officer, effective immediately.
  • In his dual role, Cohen will oversee the implementation of Octauras operational aspects and determine the companys financial strategy.
  • View the full release here: https://www.businesswire.com/news/home/20221101005224/en/
    Jason Cohen, COO & CFO of Octaura (Photo: Business Wire)
    Mr. Cohen brings nearly 30 years of leadership and financial technology experience to Octaura.
  • Cohen was Global Chief Operating Officer for NEX Markets prior to the CME Group acquisition.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution of $0.073 per Share

Retrieved on: 
Tuesday, November 1, 2022
Consulting, Professional Services, Finance, XMS Capital Partners, Capital loss, Calendar, Investment, Marketing, Income, Trust, Board, Time, LLC, XAI, CLO, Form 1099, Sale, Director, Compliance, Philosophy, Communication, History, Security (finance), Life insurance, Clos, Trustee

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trusts net investment income and capital gain can vary significantly over time; however, the Trust seeks to maintain more stable common share monthly distributions over time.
  • The Trusts final taxable income for the current fiscal year will not be known until the Trusts tax returns are filed.
  • The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

University of Phoenix Leadership Are Session Speakers With Chief Learning Officer Breakfast Club Event

Retrieved on: 
Monday, October 31, 2022
Education, Training, University, Careers New Zealand, Marketing, Talent management, The Breakfast Club, Electrical engineering, Electricity, Breakfast, Jones, Training, Computer science, MIT, Acquisition, Motivation, Organization, Business administration, EST, Clos, Breakfast Club, Student, Master of Business Administration, Enrollment management, University of Pennsylvania, Technology, University, Education, Learning, University of Phoenix, L&D, Equifax Workforce Solutions, Wharton School of the University of Pennsylvania, Solution, Management, Medicine, Science, Krishnayya

University of Phoenix leadership Raghu Krishnaiah, chief operating officer, and Nathan Jones, vice president of Product for Workforce Solutions, are session speakers at the monthly Breakfast Club hosted by Chief Learning Officer and Talent Management.

Key Points: 
  • University of Phoenix leadership Raghu Krishnaiah, chief operating officer, and Nathan Jones, vice president of Product for Workforce Solutions, are session speakers at the monthly Breakfast Club hosted by Chief Learning Officer and Talent Management.
  • University of Phoenix is a sponsor of the event being held November 2, 2022, at 11:00am 12:50pm EST, titled Onward and Upward!
  • As the Chief Operating Officer at University of Phoenix, Krishnaiah is instrumental in the transformation of the University and responsible for all operating strategy and results.
  • In 2022, the Breakfast Club returns as a virtual, mini-event series hosted by Chief Learning Officer and Talent Management and will feature top CLOs and learning and talent leaders.