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Eagle Point Credit Company Inc. 6.6875% Notes due 2028
The CLO equity senior security sector is easy to overlook, but it has a number of attractive features such as high yields, strong asset coverage levels, and mandatory maturities.
Investors have to be mindful of a number of pitfalls, however, such as how to calculate yield and how to use the asset coverage figures.
We highlight a number of attractive securities such as OXLCP, ECCY, and OCCIP.