Eagle Point Credit: Earn A High Yield From CLOs [Seeking Alpha]
Eagle Point Credit Company Inc. (ECC)
NASDAQ:AMEX Investor Relations:
eaglepointcreditcompany.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
ECC invests in equity tranches of CLOs, generating a higher yield for shareholders due to the riskier nature of these investments. ECC's portfolio is diverse, with exposure to various industries and a large percentage of loans rated below investment grade. However, historical data shows low default rates for this type of investment. The current dividend yield is 16.6% with supplementals declared through June 2024. The price trades at a current premium to NAV of 10%. However, I still believe this to be a good entry. Overview I recently covered Oxford Lane Capital ( OXLC ) and within that article I briefly gave an overview to compare Eagle Point Credit ( NYSE: ECC ) since both of the funds operate as Closed End Funds with a focus on CLOs. From the comments on my OXLC article, it seemed like the general consensus was that ECC was the preferred CLO Closed End Fund between the two. The last time I fully covered Eagle Point Credit was in August of 2023 so I thought it would be a
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ECC
News
- Bargain 8.80% Eagle Point Term Preferred Stock: Antidote To Reinvestment Risk [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