Core Insights - Eagle Point operates two funds, Eagle Point Credit Company (ECC) and Eagle Point Income Company (EIC), both focused on generating income through credit exposure, with ECC primarily investing in CLO equity and EIC focusing on BB-rated CLO tranches [4][8][10]. Fund Overview - ECC is one of the largest funds globally that owns CLO equity, which is a misunderstood asset class that generates significant cash flow and allows for strong monthly distributions [5][6]. - EIC targets the BB tranche of CLO transactions, which generally carries less risk than equity due to its position in the capital structure [8][10]. - The underlying loans in CLOs are typically senior secured corporate loans, which have historically shown low default rates and positive returns [12][15][18]. Market Dynamics - The CLO market represents about two-thirds of the $1.4 trillion U.S. loan market, with significant involvement from private equity firms [19]. - Recent inflows into CLO ETFs have created demand for CLO AAAs, benefiting ECC as it seeks to maximize equity distributions [32][34]. - The management fee structure of ECC is designed to be shareholder-friendly, charging fees only on common and preferred equity, not on assets purchased with debt [83]. Investment Strategy - The company actively manages its portfolio, directing refinancings and resets of CLO debt to optimize cash flows and reduce costs [71][72]. - A joint venture with a BDC focuses on venture loans, providing exposure to high-yield investments with interest rates between 12% and 16% [77][80]. - The company emphasizes the importance of consistent cash flow from interest income to cover distributions and operational expenses [41][42]. Future Outlook - The company remains optimistic about the corporate credit market, anticipating continued low default rates and tightening spreads, which could enhance investment returns [105][106]. - The management aims to maintain a steady distribution rate while adapting to market conditions, with a long-term focus on shareholder value [66][92].

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Eagle Point Credit Co LLC (NYSE: ECC ) is one of the more popular Closed-End Funds [CEF] among income investors, which perhaps comes as no surprise given its eye-popping dividend yield, which is currently 20.37% [FWD] according to Seeking Alpha. Wright's Research employs a disciplined, long-term approach rooted in contrarian thinking and unorthodox strategies. Our insights are grounded in fundamental analysis and the principles of value investing, allowing us to uncover overlooked opportunities and challeng ...

EAGLE POINT CREDIT COMPANY QUARTERLY UPDATE – Q3 2024 NOVEMBER 14, 2024 IMPORTANT INFORMATION This presentation and the information and views included herein do not constitute investment advice, or a recommendation or an offer to enter into any transaction with Eagle Point Credit Company Inc. ("ECC" or the "Company") or any of its affiliates. This presentation is provided for informational purposes only, does not constitute an offer to sell securities of the Company or a solicitation of an offer to purchase ...

Eagle Point Credit Co LLC (NYSE:ECC) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET Corporate Participants Garrett Edson - ICR, Investor Relations Tom Majewski - Chief Executive Officer Ken Onorio - Chief Financial Officer and Chief Operating Officer Conference Call Participants Mickey Schleien - Ladenburg Thalmann Matthew Howlett - B. Riley Securities Paul Johnson - KBW Greg Kraut - KPG Funds Operator Greetings. Welcome to the Eagle Point Credit Company's Third Quarter 2024 Financial Result ...