Investment Thesis
Eagle Point Credit Company Inc. (ECC) is facing a two-fold reality. Its net asset value, NAV, is decreasing due to external pressures and its cash flows are in a state of flux due to internal pressures. ECC offers diversity from other collateralized loan obligation closed end funds, CLO CEFs, for more conservative investors.
A Simple Definition
Due to previous confusion, whenever I write concerning immediate income investing, I feel it is necessary to define what I'm speaking of when doing so. I define immediate income investing as investing with a taxable