Eagle Point Credit

Eagle Point Credit Co., Inc. is a closed-end investment company. Its investment objective is to generate high current income, and generate capital appreciation by investing primarily in equity and junior debt tranches of CLOs. The company was founded on March 24, 2014 and is headquartered in Greenwich, CT.

Earnings data Q1 2021

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Eagle Point Credit excels in Q1 2024, navigating market challenges

Eagle Point Credit's Q1 2024 performance reflects resilience and strategic agility in navigating market challenges while capitalizing on growth opportunities
The company's strong financial metrics, capital deployment strategies, and industry recognition position it well for sustained success in the evolving investment landscape
Despite challenges, Eagle Point Credit remains focused on optimizing portfolio performance, managing risks, and delivering value to shareholders through prudent financial management

Eagle Point Credit excels in Q2 with strategic investments and growth opportunities

ECC delivered a strong performance in Q2 2024, with increased cash flows, robust investment activity, and strategic financial maneuvers.
The company's solid asset coverage ratios, extended reinvestment periods, and NAV accretion highlight its financial strength and prudent management.
While facing challenges in a dynamic market, ECC can leverage opportunities like new stock offerings and high-yield investments for future growth.
Striking a balance between risk management and growth initiatives will be key for ECC to navigate potential market uncertainties and sustain performance.

Eagle Point Credit excels in Q3 with rising cash flows and NAV, poised for strategic growth

Eagle Point Credit delivered a solid performance in Q3 2024, with increasing cash flows, rising NAV per share, and strategic investments driving growth.
Despite challenges such as market volatility and maintaining consistent growth, the company's strengths in effective capital deployment and risk management stand out.
Opportunities lie in further optimizing the portfolio, exploring new investments, and leveraging its financial strength to drive future value creation.

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America is a bountiful land of income for those seeking wealth from the market. I own the debt of thousands of companies, all of which provide services you enjoy every day. Your retirement is going to be expensive, and this is a prime source of income for you.

I'm Betting On America With 17% Yields: ECC Year-End Update

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About the author:  Amit Nar is a stock market aficionado and would love to hear from you on X @alphaintelligence or at The Market Institution discord.

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Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Credit Co LLC (ECC) Q4 2023 Earnings Call Transcript

These stocks can also appreciate just like any other stock. Potentially, this can boost your overall return if you decide to sell at a later date.

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GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced financial results for the quarter and fiscal year ended December 31, 2023 and certain additional activity through February 15, 2024. “The Company had a very good 2023. We generated a GAAP return of 20.79% in 2023 for our shareholders. Our portfolio generated strong cash flows each quarter and we sourced attractive investments for the Company throu.

Eagle Point Credit Company Inc. Announces Fourth Quarter and Year-End 2023 Financial Results

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GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today is pleased to announce the declaration of distributions on shares of the Company's common stock. The Company has declared three separate monthly regular distributions of $0.14 per share on its common stock, payable on each of April 30, 2024, May 31, 2024 and June 28, 2024 to stockholders of record as of April 10, 2024, May 13, 2024 and June 10, 2024, respec.

Eagle Point Credit Company Inc. Announces Second Quarter 2024 Regular and Supplemental Common Distributions and Preferred Distributions

OFS Capital

OFS Capital and Eagle Point Credit are very similar closed-end funds holding assets of the same type. Both offer safe-term preferred stocks protected by a 50% leverage limit. OFS Capital term preferred stock, symbol OCCIN, currently offers a 9.23% yield to maturity (annualized return), clearly the best in the sector. On the other hand, Eagle Point Credit's new term preferred, symbol ECCF, has a YTM of only 7.52%, worst in the sector, trades over par, and has the worst taxation.

Buy OFS Capital Term Preferred (OCCIN), Sell Eagle Point (ECCF) Term Preferred

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced that it plans to report financial results for the quarter and fiscal year ended December 31, 2023 on Thursday, February 22, 2024. The Company will discuss its financial results on a conference call on that day at 10:00 a.m. (Eastern Time). Thomas P. Majewski, Chief Executive Officer, will host the call along with Kenneth P. Onorio, Chief Financial.

Eagle Point Credit Company Inc. Schedules Release of Fourth Quarter 2023 and Year-end 2023 Financial Results on Thursday, February 22, 2024

The US economy is often underestimated, to the harm of those who do so. I own U.S. corporate debt through various vehicles to achieve high levels of income. True financial security is having a steady income that vastly outweighs your expenses.

I'm Betting On America With Another 17% Yielder: ECC

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CEF Weekly Commentary | Swap Some MAIN Bonds?

I've been buying Eagle Point Credit Series D Preferreds since the market selloff in September 2023. These offer an 8.36% yield on cost and are trading for roughly 80 cents on the dollar. A cut to base interest rates this year should support capital appreciation as I continue to collect their monthly dividends.

Eagle Point Credit: I Went Heavy On Buying The Preferreds

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Imagine stocks or funds that pay-out their dividends once-a-month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst awaiting money is reduced by 300%, or more!. These January U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (83); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >10.4% (80). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. All per prices as of 1/11/24.

January's 83 Monthly Paid Dividend Stocks And 80 Funds

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has priced an underwritten public offering of 1,400,000 shares of its 8.00% Series F Term Preferred Stock due 2029 (the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $33.6 million after payment of underwriting discounts and commissions and estimated offering expen.

Eagle Point Credit Company Inc. Prices Offering of Preferred Stock

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has commenced an underwritten public offering of its Series F Term Preferred Stock (the “Preferred Stock”). The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Preferred Stock is rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency.

Eagle Point Credit Company Inc. Announces Offering of Preferred Stock

Eagle Point Credit Co LLC is a closed-end investment fund that focuses on investments in equity and junior debt tranches of CLOs. The fund's allocation into speculative CLO structures makes it riskier and more volatile than other yield-seeking funds. I elaborate on ECC's equity and preferred shares and provide a justification on why I consider the 8.5% yielding preferreds more attractive with better risk and return ratio.

ECC: Worth Avoiding Equity And Instead Taking 8.5% Yielding Preferred Shares

Eagle Point Credit Company allows retail investors to access the asset class of collateralized loan obligations (CLOs) traditionally reserved for institutional investors. ECC's expense ratio of 9.5% is high, but it is declining over time, and the 17.2% dividend yield includes the expense ratio. ECC should be used as a small allocation in a portfolio to add meaningful yield, rather than being a core holding.

Eagle Point Credit: Where This 17.2% Yield Might Fit Into Your Portfolio

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Oxford Lane Capital Corp. (OXLC) and Eagle Point Credit Co. (ECC) are popular income investments that invest in the lowest tranches of collateralized loan obligations (CLOs). OXLC and ECC leverage their portfolios to support high distribution yields, but this adds more risk and amplifies losses during downturns. Investing in the baby bonds and preferred offerings of OXLC and ECC, and the other CLO funds, can provide safer and steadier cash flow opportunities for conservative investors.

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Eagle Point Credit Company Inc. is a fixed-income CEF with a primary objective of generating high current income from CLO equity. The CEF's liability structure includes a mix of unsecured notes and preferred equity, with the Series D preferred stock being the riskiest slice. The Series D preferred stock has a perpetual maturity date, was issued at the top of the market, and is classified as equity rather than 'Liabilities' on the balance sheet.

ECC.PR.D: The Riskiest Slice Of The Eagle Point CEF Capital Structure

News for Eagle Point Credit ETF (ECC)