ECC - Eagle Point Income: A Unique Value In Our Current Environment

March, 27 2022 11:34 AM Eagle Point Credit Company Inc.

Lots of funds are cheap these days and paying high distribution yields, but Eagle Point Income represents a better bargain than many other funds because it is not as well understood.
EIC is safer than many high yield bond funds because of the unique characteristics of CLO junior debt, with its unusually low default history, yet perceived riskiness by many investors.
Because CLOs are viewed as complex and kind of funky by some institutional investors, they have to pay higher rates than more mainstream asset classes with equivalent risk.
With the recent sell-off, EIC's distribution (raised again last month) now represents a 9.3% yield, higher than many riskier high-yield funds.

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Company Name:	Eagle Point Credit Company Inc.
Stock Symbol:	ECC
Market:	NYSE