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Posted by
Two Blokes Jul 13 -
Filed in
Stock
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3 views
Eagle Point Credit offers a high yield but suffers from massive share dilution, premium to NAV, and a poor long-term track record. ECC consistently pays out more in dividends than it earns, leading to ongoing NAV erosion and unsustainable payouts. The fund's focus on high-risk CLO tranches results in volatile returns and significant capital destruction over time.
