Why Eagle Point Credit Should Cut Distributions, And Probably Won't [Seeking Alpha]
Eagle Point Credit Company Inc. (ECC)
NASDAQ:AMEX Investor Relations:
eaglepointcreditcompany.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
Why Eagle Point Credit Should Cut Distributions, And Probably Won't Summary ECC's 15.3% dividend is unsustainable. If the payouts aren't cut, NAV will continue to fall. If they cut, ECC's premium will fall. Either way, 20% losses are inevitable. If ECC fails to cut, long-term losses could be much worse as its NAV continues to decline due to lower interest rates hurting the CLO market, especially ECC's equity-CLO portfolio. A sudden loss in ECC's portfolio in 2Q is just a prelude to more pain that is likely to come soon. Yield-hungry investors have praised Eagle Point Credit Company ( But, as with other unsustainably high yielding stocks and funds, the music will stop eventually—and the longer management postpones the pain, the more acute the pain will be when it arrives. I do not believe ECC will cut distributions anytime soon, which is a reason for extra concern. Signs from the company’s NII and total portfolio performance indicate structural challenges that, in addition to growing s
Show less
Read more
Impact Snapshot
Event Time:
ECC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ECC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ECC alerts
High impacting Eagle Point Credit Company Inc. news events
Weekly update
A roundup of the hottest topics
ECC
News
- Eagle Point Institutional Income Fund Generates 9.9% Annual Net Return and Exceeds $150 Million in Assets [Yahoo! Finance]Yahoo! Finance
- Eagle Point Credit Company Inc. Announces Third Quarter 2024 Financial ResultsBusiness Wire
- Eagle Point Credit Company Inc. Announces First Quarter 2025 Common Distributions and Preferred DistributionsBusiness Wire
- Eagle Point Credit Company Inc. Schedules Release of Third Quarter 2024 Financial Results on Thursday, November 14, 2024Business Wire
- 2 Deep Fixed-Income Bargains From Oxford Lane And Eagle Point [Seeking Alpha]Seeking Alpha
ECC
Sec Filings
- 11/18/24 - Form 4
- 11/14/24 - Form 497AD
- 11/14/24 - Form N-30B-2
- ECC's page on the SEC website