EIC News and Press, Eagle Point Income Company Inc. From 10/01/22

Summary We review CEF market valuation and performance through the fourth week of September and highlight recent market action. CEFs had a tough week as discounts widened to double the impact of lower NAVs. The broader CEF space is now below its June lows. We take a look at so...

Summary 0 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. Real estate CEFs lag. OPP rights offering expires. Author’s note: This article was released to CEF/ETF Income Laboratory members on September 21, 2022. Pleas...

Summary We covered this one around a year ago and told people to run for the hills. The interest rate environment has done an about turn since then and investors have been spanked for chasing yield. We review the current numbers to gauge the impact and provide our verdict. ...

Summary Most bread-and-butter income sectors took significant losses this year and this includes high-quality sectors like investment-grade bonds which normally outperform in weakness. In this article, we highlight a trio of niche and overlooked income sectors: CLO debt, asset-bac...

Summary Short-term rates have risen sharply this year as the Fed tries to rein in inflation. To take advantage of rising rates, many investors turn to bank loans as their first and only floating-rate holding. We highlight a few other floating-rate sectors that look more attrac...

CEF discounts have narrowed from our previous update but are still sitting wider than at the end of 2021. So far, discounts have bottomed out with the market on June 16th, 2022, which has so far been the market low for 2022. 2022 remains a volatile year but has also presented quit...

CLO funds came with a lot of promise, but returns across the spectrum have been poor. OCCI boasts a stunning 20% yield, but problems abound. Four numbers you should remember here, 20%, 12%, 40% and 100%. CLO funds have struggled to deliver in the past 3-5 years. None of ...

Stocks rallied hard again this week with the S&P 500 up another 3.26% and now up 12.08% over the last month. The YTD losses are down to single digits. It does appear that there has been a significant amount of short covering during this rally. That has been especially the case as ...

We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs had another strong week as the recovery in income assets accelerated. We discuss the yield pick-up in CEFs versus open-end funds using HY Munis as a case study...

Eagle Point Income Company Inc. stuttered shortly after the debut as it ran into the COVID-19 crisis. Performance beyond that has been good. Overall returns have been mediocre but the fund could likely do better than OXLC and ECC in the next 18 months. Our recent takes on th...