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Eagle Point Credit (ECC) is an externally managed closed-end management investment company focusing on the equity and junior debt tranches of Collateralized Loan Obligations. At the end of the first quarter, about 2/3rd of its CLO portfolio
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ECC.PR.D either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I currently have no position in the common stock, but will keep an eye on it.
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