Eagle Point Credit: Pricing Improves And CLOs Remain Hot (Rating Upgrade)
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Eagle Point Credit's valuation has improved as its premium to NAV decreased from 20% to 5%. The fund's distribution yield is over 20%, and the growing private credit market, especially CLOs, supports its business model and potential future gains.
January 29, 2025 | 12:15 pm
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Eagle Point Credit's valuation has improved significantly, with its premium to NAV dropping from 20% to 5%. The fund's distribution yield remains attractive at over 20%, and the growing private credit market, particularly CLOs, supports its business model and potential for future gains.
The decrease in premium to NAV from 20% to 5% makes ECC more attractive to investors. The high distribution yield of over 20% is appealing, and the growth in the private credit market, especially CLOs, aligns with ECC's business model, indicating potential for future gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100