Businessfrom24/7 Wall St.2 weeks agoThe CEF Claims to Have a 40% Yield. Should You Buy or Run?Eagle Point Credit cut its payout by 57%, revealing that its previously advertised yield is misleading and no longer applicable.
Businessfrom24/7 Wall St.1 month agoECC Cut Its Dividend 57% But The Payout Is STILL Above 100%Eagle Point Credit's monthly payout was cut by 57%, significantly impacting income-focused investors amid a substantial decline in share price.
Businessfrom24/7 Wall St.1 month agoHigh Yielding ECC's CLOs Are Unrated For A Risky ReasonEagle Point Credit cut its monthly distribution significantly, reflecting underlying risks in its investment strategy involving unrated collateralized loan obligations.