Eagle Point Credit Price, Forecast, Insider, Ratings, Fundamentals & Signals

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 ended march 31, 2024 on tuesday, may 21, 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 officer. all interested.

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.

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.

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.

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.

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Fixed-income portfolios with primarily shorter term bonds and term preferred stocks have reinvestment risk. Reinvestment risk is the risk that when your bonds mature that interest rates will be lower so you must reinvest that money at lower yields. This lowers your income. In my opinion the best fixed-income securities for safety and yield are term preferred stocks issued by closed end funds (CEFs) that invest in CLOs.

Unrealized gains are not the same as total return and should not be the sole measure of portfolio performance. Dividends are an important component of realized returns and can significantly impact total return. Time is a valuable asset for investors, and focusing on income generation can be more beneficial than obsessing over price fluctuations.

Eagle Point Credit has provided a superior total return compared to Oxford Lane Capital over the last decade. ECC invests in equity tranches of CLOs, generating a higher yield for shareholders due to the riskier nature of these investments. ECC's portfolio is diverse, with exposure to various industries and a large percentage of loans rated below investment grade. However, historical data shows low default rates for this type of investment.

CEFs are a great option for income investors due to diversification and legal requirements for high distributions.

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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.

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