- ECC is a closed end fund that invests in equity tranches of CLOs to generate high current yield and total return.
- The fund has a current yield of >10% which could further increase should the United States economy continue to recover at a record pace.
- The fund invests in high-risk debt instruments, but management has successfully generated attractive long-term returns.
- ECC still stands to benefit from a continued economic recovery but remains exposed to near-term risk factors.
For further details see:
Eagle Point Credit Company: The Top Of The Risk Pyramid