ECC: Worth Avoiding Equity And Instead Taking 8.5% Yielding Preferred Shares [Seeking Alpha]
Eagle Point Credit Company Inc. (ECC)
NASDAQ:AMEX Investor Relations:
eaglepointcreditcompany.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
The fund's allocation into speculative CLO structures makes it riskier and more volatile than other yield-seeking funds. I elaborate on ECC's equity and preferred shares and provide a justification on why I consider the 8.5% yielding preferreds more attractive with better risk and return ratio. Eagle Point Credit Co LLC ECC ) is a closed-end investment fund with rather similar dynamics to BDCs, which seek loan-type investments across the private capital markets and invests in them (or originates) with the help of external leverage to maximize the spread between cost of capital and the loan portfolios. In ECC's case, the difference lies in the investment policy, which focuses on investments in equity and junior debt tranches of CLOs. There are many people, who would disagree with this, but this fact alone that ECC allocates into the most speculative CLO structures renders the fund risky and more volatile than most of the BDCs or other yield-seeking CEFs out there. The curren
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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: 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
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