Core Insights - The article discusses the recent increase in market volatility due to concerns about a potential U.S. recession, leading to a sell-off of high-risk investments [1] - The author emphasizes a focus on income-oriented investments, particularly dividend-paying stocks and funds, to support retirement income [1] Investment Strategy - The investment strategy centers around seeking high-yield income through various asset classes such as Business Development Companies (BDCs), Real Estate Investment Trusts (REITs), Closed-End Funds (CEFs), and Exchange-Traded Funds (ETFs) [1] - The author aims to enhance retirement income beyond traditional sources like pensions and Social Security [1] Market Psychology - The article highlights the importance of understanding market psychology, which is viewed as both fascinating and complex [1] - The author reflects on personal investment experiences, particularly during the Great Recession, which shaped a commitment to smarter long-term investment decisions [1]

Group 1 - Financial markets experienced significant volatility earlier this month due to uncertainties surrounding the business outlook for various industries [1] - Corporate America is determined to continue operations despite market challenges and uncertainties [1] Group 2 - The article promotes a portfolio strategy that emphasizes high dividend yields, suggesting that it can provide a reliable income stream for retirement without the need for selling assets [3] - The Income Method mentioned in the article aims to generate strong returns, targeting a yield of 9-10% [3]

Group 1 - Eagle Point Credit (NYSE: ECC) stock has underperformed compared to the S&P 500 since the last update [1] - The investment strategy focuses on generating alpha through a generalist approach across various sectors, with a typical holding period of a few quarters to multiple years [2] - The author has a beneficial long position in ECC shares, indicating a personal investment interest [3]

Group 1 - The CEF/ETF Income Laboratory manages closed-end fund (CEF) and exchange-traded fund (ETF) portfolios targeting safe and reliable yields of approximately 8% to facilitate income investing [1][2] - The service offers managed portfolios, actionable income and arbitrage recommendations, and in-depth analysis of CEFs and ETFs, catering to both active and passive investors [2] - The community consists of over a thousand members focused on identifying the best income ideas, with a majority of holdings being monthly-payers to enhance compounding and smooth income streams [2] Group 2 - Nick Ackerman, a former financial advisor with over 14 years of personal investing experience, provides coverage on closed-end funds and exchange-traded funds [3]

Take advantage of the currently offered discount on annual memberships and give CIP a try. The offer comes with a 11 month money guarantee , for first time members.Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields.This magical sentence has been the bane of many income ch ...

Group 1 - The focus is on closed-end funds (CEFs) for identifying directional and arbitrage opportunities due to market price deviations [1] - There is a current preference for low-duration debt from CLO CEFs, with strategies to short overvalued CEFs as a hedge [2] - The investment group Trade With Beta provides frequent picks for mispriced preferred stocks and baby bonds, along with weekly reviews of over 1200 equities [2] Group 2 - The company has a beneficial long position in Eagle Point Credit Co. LLC (ECC) through various financial instruments [2] - There is a short position in OCCI, indicating a bearish outlook on this specific CEF [3]

Group 1 - The article promotes a portfolio strategy that generates income without the need for selling assets, aiming to simplify retirement investing [1] - The service offers features such as model portfolios with buy/sell alerts, preferred and baby bond portfolios for conservative investors, and dividend and portfolio trackers [2] - The philosophy of the service emphasizes community and education, encouraging investors to avoid solitary investing [2] Group 2 - The article mentions that recommendations are closely monitored, with buy and sell alerts provided exclusively to members [4] - It highlights the involvement of various contributors who support the service, indicating a collaborative approach to investment strategies [4]

Financial Data and Key Metrics Changes - For the year 2024, the company generated a GAAP return on equity of 10.1% and paid a total of $1.92 per common share in distributions [9] - The total return for holders of common stock was 14.7%, assuming reinvestment of distributions [9] - The company recorded net investment income (NII) less realized losses of $0.12 per share for Q4 2024, compared to $0.23 per share in Q3 2024 [29] - GAAP net income for Q4 2024 was approximately $45 million or $0.41 per share, an increase from $0.04 per share in Q3 2024 [31] Business Line Data and Key Metrics Changes - Recurring cash flows from the portfolio were $82 million, or $0.74 per share, an increase from $68.2 million, or $0.66 per share in Q3 2024 [11] - The company deployed over $223 million in net capital into new investments during Q4 2024 [18] - New CLO equity purchased during Q4 had a weighted average effective yield of 17.8% [19] Market Data and Key Metrics Changes - The S&P UBS Leverage Loan Index generated a total return of 2.3% in Q4 2024 and 9.1% for the full year [37] - The trailing 12-month default rate for leveraged loans stood at 91 basis points, significantly below the long-term average of 2.6% [38] - Approximately 7% of leveraged loans repaid at par during Q4 2024, indicating proactive management by loan issuers [39] Company Strategy and Development Direction - The company is focused on rotating from CLO debt to CLO equity to enhance net investment income [112] - The target leverage ratio was adjusted to 27.5% to 37.5%, up from the previous range of 25% to 35% [16] - The company aims to maintain a long weighted average reinvestment period to drive performance and guard against market volatility [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the portfolio's positioning for 2025, citing attractive new investments and active resets of CLOs [11] - The company noted that the current market environment is competitive for fixed income instruments, but they believe CLO equity remains an attractive asset class [43] - Management highlighted a robust pipeline of reset and refinancing opportunities for 2025 [25] Other Important Information - The company completed 16 resets during Q4, extending the weighted average remaining reinvestment period to 3.4 years, which is over 50% above the market average [19][26] - The company issued approximately 5.2 million additional common shares at a premium to NAV, generating NAV accretion of about $0.05 per share [20] Q&A Session Summary Question: Inquiry about elevated commission expense - Management clarified that the elevated commission expense was due to commissions paid for the ATM and issuing perpetual preferred stock [52][56] Question: Discussion on CLO issuance and market competition - Management acknowledged the competitive market for CLO issuance and emphasized their robust data management systems to handle the increased volume of information [64][70] Question: Clarification on recurring cash flow dynamics - Management explained that approximately two-thirds of CLOs that did not pay at year-end would pay in the first quarter, with most cash flows expected in the first month of each quarter [92][95] Question: Understanding differences in portfolio yield measures - Management clarified that the difference in yield measures is due to the base used for calculations, with effective yield based on amortized cost and expected yield based on fair value [102][103]

QUARTERLY UPDATE – Q4 2024 FEBRUARY 2 0 , 2025 IMPORTANT INFORMATION EAGLE POINT CREDIT COMPANY 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 purcha ...

分组1 - Eagle Point (ECC) reported quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.29 per share, and down from $0.33 per share a year ago, representing an earnings surprise of -6.90% [1] - The company posted revenues of $49.55 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.20%, and up from $39.39 million year-over-year [2] - Over the last four quarters, Eagle Point has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] 分组2 - The stock has underperformed the market, losing about 2.7% since the beginning of the year compared to the S&P 500's gain of 4.5% [3] - The current consensus EPS estimate for the coming quarter is $0.28 on revenues of $48.96 million, and for the current fiscal year, it is $1.10 on revenues of $195.86 million [7] - The Zacks Industry Rank for Financial - Investment Management is currently in the bottom 37% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]