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Clear Street Maintains Buy on GECC, Lowers Price Target to $8.50
Yahoo Finance· 2025-11-18 08:03
Great Elm Capital Corp. (NASDAQ:GECC) is included among the 15 Stocks with Highest Dividend to Invest in. Clear Street Maintains Buy on GECC, Lowers Price Target to $8.50 Photo by Annie Spratt on Unsplash O⁠n November 7, Clear Str‌eet analyst Mic‍key Schleien reduced the firm’s price‍ target⁠ on Great Elm Capital Corp. (NASDAQ:GECC) to‍ $8.50⁠ from⁠ $10 whil‌e maintaining⁠ a Buy rating on the shares. Schleien noted that the company experienced a “rough” Q3 with multiple⁠ cre‌dit issues and expects lower ...
Carlyle Credit Income Fund Announces Offering of Preferred Shares
Globenewswire· 2025-10-23 12:26
Core Viewpoint - Carlyle Credit Income Fund has initiated an underwritten public offering of its Series D Preferred Shares, with pricing and terms to be determined through negotiations with underwriters [1] Group 1: Offering Details - The Preferred Shares are expected to be listed on the New York Stock Exchange under the symbol "CCID" within 30 days of the original issue date [2] - Lucid Capital Markets, LLC is the lead book-running manager, with B. Riley Securities, Inc. and Piper Sandler & Co. as joint book-running managers, and A.G.P. / Alliance Global Partners as the lead manager [2] Group 2: Fund Information - Carlyle Credit Income Fund is an externally managed closed-end fund that primarily invests in equity and junior debt tranches of collateralized loan obligations (CLOs), which are backed by U.S. senior secured loans across various industry sectors [6] - The Fund is advised by Carlyle Global Credit Investment Management L.L.C., leveraging Carlyle's extensive resources as one of the largest CLO managers globally [6]
Brompton Announces the Launch of Brompton Wellington Square Investment Grade CLO ETF
Globenewswire· 2025-10-06 11:17
Core Points - Brompton Funds Limited has launched the Brompton Wellington Square Investment Grade CLO ETF (BBBB) on the Toronto Stock Exchange as of October 6, 2025 [1] - The ETF aims to provide high monthly income and capital preservation through investments in primarily investment grade rated collateralized loan obligations (CLOs) [2] - The investment strategy includes a minimum of 75% of the portfolio in Investment Grade CLOs, with up to 25% in lower-rated CLOs [2] Investment Objectives - BBBB seeks to deliver high monthly income and capital preservation [2] - The ETF will hedge most direct foreign currency exposure back to the Canadian dollar, except for assets allocated to USD units [2] - The portfolio will be actively managed by Wellington Square Advisors Inc., focusing on Investment Grade CLOs rated BBB- or higher [2] Risk Assessment - The Manager has assigned a risk rating of "low to medium" to BBBB [3] Company Background - Brompton Funds, established in 2000, specializes in income and growth-focused investment solutions, including ETFs [4] - Wellington Square Advisors Inc. has over 10 years of experience in investing in CLOs, with a team that possesses specialized expertise [5]
Priority Income Fund Announces 22.0% Annualized Total Cash Distribution Rate (on Net Asset Value) with “Bonus” and “Base” Common Shareholder Distributions for September 2025 through November 2025
Globenewswire· 2025-09-12 11:00
Core Viewpoint - Priority Income Fund, Inc. has declared monthly cash distributions for common shareholders for September, October, and November 2025, maintaining consistency with prior distributions [1][2]. Distribution Details - The annualized total cash distribution is $1.34016 per share, reflecting a 22.0% annualized rate based on the net asset value of $6.09 per common share as of July 31, 2025 [2]. - Monthly cash "base" distributions are set at $0.08056 for September, $0.10070 for October, and $0.08056 for November, totaling $0.26182 on a quarterly basis [3]. - The cash "bonus" distributions are fixed at $0.024167 per share for each of the three months, marking the 60th, 61st, and 62nd monthly "bonus" distributions [4]. Cumulative Distributions - Since inception in January 2014, the Fund has paid or declared cumulative cash distributions totaling $16.73 per common share through November 2025 [5]. Preferred Stock Distributions - The Fund has also declared distributions for its preferred stock series, including Series D, J, K, and L, with payments scheduled for September 30, 2025 [6]. Fund Overview - Priority Income Fund, Inc. is a registered closed-end fund focused on acquiring and growing a portfolio of senior secured loans, primarily through collateralized loan obligations (CLOs) [7]. - The Fund is managed by Priority Senior Secured Income Management, LLC, which is associated with Prospect Capital Management L.P., an investment adviser with over $7.5 billion in assets under management as of June 30, 2025 [8].
Eagle Point Credit Co Inc.(ECC) - 2025 Q2 - Earnings Call Presentation
2025-08-12 14:00
Company Overview - Eagle Point Credit Company (ECC) was founded in 2012 and went public on October 7, 2014[14] - ECC's primary investment objective is to generate high current income by investing primarily in equity and junior debt tranches of CLOs[14] - ECC has a total market capitalization of $1,409.3 million[14] - ECC pays a monthly distribution of $0.14 per share of common stock, resulting in a distribution rate of 24.4%[14] - Eagle Point Credit Management LLC manages over $12 billion in AUM across the Eagle Point platform[14] - The Adviser and Senior Investment Team have approximately $10.8 million invested in securities issued by the Company[15] Portfolio Composition and Performance - As of June 30, 2025, ECC's portfolio was invested across 238 CLO investments[65] - The portfolio has 95.7% exposure to floating-rate senior secured loans[28] - The portfolio consists of 77% CLO Equity, 3% CLO Debt, 2% Loan Accumulation Facilities, 4% Regulatory Capital Relief, 5% Consumer ABS, 2% Collateralized Fund Obligations, 2% Other, and 5% Cash[66] - The portfolio has exposure to 1,906 unique underlying loan obligors[28]