Eagle Point Credit: The 8.5% Yielding Series D Preferreds Are Discounted, I Doubled My Position
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Eagle Point Credit's Series D Preferred shares are trading at a discount, offering an 8.5% yield. These shares are considered low-risk due to their priority in the capital stack and strong asset coverage. Potential positive catalysts include a soft landing, Fed rate cuts, and no new preferred issues.

November 18, 2024 | 3:45 pm
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Eagle Point Credit's Series D Preferred shares are trading at a discount, offering an 8.5% yield. These shares are considered low-risk due to their priority in the capital stack and strong asset coverage. Potential positive catalysts include a soft landing, Fed rate cuts, and no new preferred issues.
The Series D Preferred shares of Eagle Point Credit are trading at a discount, which makes them attractive to investors seeking high yield. The shares' low-risk nature due to their position in the capital stack and strong asset coverage further enhances their appeal. Additionally, potential positive economic developments such as a soft landing and Fed rate cuts could boost the attractiveness of these shares, leading to a potential price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100