Eagle Point Credit Company Inc. is a closed-end investment company that specializes in investing in equity and junior debt tranches of collateralized loan obligations (CLOs). The company was founded in 2013 and is based in Greenwich, Connecticut.
As of September 2021, Eagle Point Credit Company has a market capitalization of approximately $212 million. The company's investment strategy focuses on investing in CLO securities that offer attractive risk-adjusted returns. CLOs are structured finance vehicles that pool together a portfolio of leveraged loans and then issue different tranches of securities that offer varying levels of risk and return.
Eagle Point Credit Company's portfolio primarily consists of investments in CLOs, although the company also invests in other debt and equity securities. The company's investment objective is to generate high current income and capital appreciation by investing primarily in the equity and junior debt tranches of CLOs.
Investing in Eagle Point Credit Company provides investors with exposure to the high-yield credit markets, which can be an attractive source of income in a low-interest-rate environment. However, investing in the company also carries certain risks, including credit risk, interest rate risk, and liquidity risk.
Overall, Eagle Point Credit Company provides investors with a unique opportunity to invest in the CLO market and generate attractive returns. However, investors should carefully consider the risks and conduct their own due diligence before investing in the company.
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