Bargain 8.80% Eagle Point Term Preferred Stock: Antidote To Reinvestment Risk [Seeking Alpha]
Eagle Point Credit Company Inc. (ECC)
NASDAQ:AMEX Investor Relations:
eaglepointcreditcompany.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
Reinvestment risk is the risk that when your bonds mature that interest rates will be lower so you must reinvest that money at lower yields. This lowers your income. In my opinion the best fixed-income securities for safety and yield are term preferred stocks issued by closed end funds (CEFs) that invest in CLOs. Eagle Point Credit's term preferred stock that matures in 2031 (symbol ECCC) is definitely my favorite security for helping to minimize your reinvestment risk with its 8.80% YTM. In this article we look at and compare term preferred stocks and baby bonds from Oxford Lane and Eagle Point Credit. Reinvestment Risk Reinvestment risk is the risk that when your term preferred stocks or your bonds mature that you will not be able to reinvest that money at similar or better yields because interest rates have fallen. This will Recommended For You Recommended For You
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ECC
News
- Eagle Point Credit: Earn A High Yield From CLOs [Seeking Alpha]Seeking Alpha
- Eagle Point Credit Company Inc. (NYSE:ECC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Eagle Point Credit Q4 earnings slip from Q3; makes $34M in new investments [Seeking Alpha]Seeking Alpha
- Eagle Point Credit Company Inc. Announces Fourth Quarter and Year-End 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Eagle Point Credit Company Inc. Announces Fourth Quarter and Year-End 2023 Financial ResultsBusiness Wire
ECC
Sec Filings
- 4/23/24 - Form 40-APP/A
- 4/15/24 - Form 497AD
- 4/11/24 - Form 8-K
- ECC's page on the SEC website