Eagle Point Credit Co

ECC

Market cap $751M

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCU, ECCV, ECCW, ECCX) today announced the full redemption of the Company's 8.00% Series F Term Preferred Stock due 2029 (NYSE: ECCF) (“Series F Term Preferred Stock”) on January 30, 2026 (the “Redemption Date”). The redemption price of the Series F Term Preferred Stock will be $25 per share. This redemption reflects the Company's ongoing efforts to optimize its capital structure.

Eagle Point Credit and Oxford Lane are both closed-end funds that own CLOs. They're virtually identical companies, but OXLC has 29.6% leverage and ECC 42.4% leverage. But ECC baby bonds and preferred stocks are trading with much lower yields than those of OXLC, historically ridiculously low yields, as they're grossly overpriced. While baby bond OXLCI has an 8.13% yield-to-maturity (YTM), ECCW has only a 6.76% YTM.  But most overpriced is ECCC term preferred at 6.56% YTM.

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Eagle Point Credit Co LLC and SLR Investment Corp. trade at similar discounts and market caps but differ in risk-return profiles. ECC boasts a higher gross asset yield (~13.5%) but with much greater volatility, while SLRC offers a steadier, lower-yield profile (~8.15%). After adjusting for losses and expenses, both ECC and SLRC deliver comparable real returns (~6.4% vs. ~5.2%), but SLRC benefits from cheaper leverage.

November presented a pullback primarily in the mega-cap tech, but one that was fairly shallow with a recovery toward the month's end. With that said, there were some opportunities presented with the added volatility for the month. I add to my closed-end fund portfolio positions to help generate a long-term cash flow snowball that increases every month.

Eagle Point Credit Company (ECC) had a steep NAV decline, again. CLO equity's asymmetrical risk is materializing, as ECC's portfolio is underperforming even theoretically riskier junk bond ETFs during stable credit conditions. Long-term returns for ECC common shares have been poor, with most investors realizing sub-4% annualized returns after taxes.

GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Credit Management LLC (“Eagle Point”), a private credit investment manager, announced today the addition of Greg Lindsey as Managing Director, Client and Partner Solutions. He will be reporting to Kyle McGrady, Senior Principal and Head of Client and Partner Solutions at Eagle Point. In this role, Mr. Lindsey will be responsible for leading institutional business development efforts in the US Western Territory, cultivating and deepening the firm's.

Eagle Point Credit Company Inc. 6.75% PFD SR D offers high yield but exhibits significant volatility and deep drawdowns, especially during market stress. ECC.PR.D is perpetual preferred equity, not a bond, and sits as equity on ECC's balance sheet, leading to higher duration risk and price swings. Compared to bonds and high-yield ETFs, ECC.PR.D has shown larger drawdowns, making it less suitable for risk-averse investors seeking stable returns.

ECC offers maximum cash flow today for higher risk. NNN offers smaller cash flow with steady dividend growth. A 50/50 mix of ECC and NNN provides higher returns with less volatility.

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