Two Closed End Funds Have Yields Over 20%, But Only One Is Actually Safe To Own Right Now [Yahoo! Finance]
Eagle Point Credit Company Inc. (ECC)
NASDAQ:AMEX Investor Relations:
eaglepointcreditcompany.com/investor-relations/default.aspx
Company Research
Source: Yahoo! Finance
Eagle Point Credit ( ECC ) cut its monthly distribution 57% from $0.14 to $0.06 starting April 2026 and shares have fallen 43% over the past year, signaling that its 40% headline yield reflects a collapsed share price not sustainable income from its CLO equity investments. Gabelli Multimedia Trust ( GGT ) shifted from quarterly to monthly distributions in mid-2025 while maintaining roughly equivalent annual payouts, and shares are up 7% over twelve months, suggesting its 20% yield rests on more stable footing than ECC's distressed structure. Eagle Point Credit faces accelerating losses because its CLO equity positions absorb defaults first when credit conditions deteriorate, while Gabelli Multimedia Trust's leveraged media and telecom holdings have weathered recent market stress without triggering the same distribution compression. A recent study identified one single habit that doubled Americans' retirement savings and moved retirement from dream, to reality. Read more here A
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ECC
News
- ECC Cut Its Dividend 57% But The Payout Is STILL Above 100% [Yahoo! Finance]Yahoo! Finance
- High Yielding ECC's CLOs Are Unrated For A Risky Reason [Yahoo! Finance]Yahoo! Finance
- 8% Bonds: FSK KKR Beats ECC On Risk [Seeking Alpha]Seeking Alpha
- Eagle Point Credit (ECC) had its price target lowered by B. Riley Financial, Inc. from $7.00 to $4.25. They now have a "buy" rating on the stock.MarketBeat
- Eagle Point Credit (ECC) was downgraded by Zacks Research from "hold" to "strong sell".MarketBeat
ECC
Sec Filings
- 3/18/26 - Form 497AD
- 3/18/26 - Form 4
- 3/13/26 - Form 4
- ECC's page on the SEC website