Post by xray on Sept 19, 2021 15:23:47 GMT
ECC
GREENWICH, Conn., August 10, 2021--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCC, ECCW, ECCX, ECCY) today is pleased to announce the declaration of distributions on shares of the Company’s common stock.
The Company has declared three separate distributions of $0.12 per share on its common stock, an increase of 20% from its previous monthly distribution rate of $0.10 per share, payable on each of October 29, 2021, November 30, 2021 and December 31, 2021 to stockholders of record as of October 12, 2021, November 10, 2021 and December 13, 2021, respectively. The following schedule applies to the distributions:
Record Date
Payable Date
Amount per common share
October 12, 2021
October 29, 2021
$0.12
November 10, 2021
November 30, 2021
$0.12
December 13, 2021
December 31, 2021
$0.12
Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2021 calendar year.
"Given the strength of the Company’s recent financial performance and our investment portfolio’s recurring cash flow generation, we are pleased to be able to increase our monthly distribution by 20% to $0.12 per common share," said Thomas Majewski, Chief Executive Officer. "This is the second consecutive quarter we have been able to raise the dividend and further underscores our confidence in the Company’s future prospects."
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GREENWICH, Conn., September 15, 2021--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the "Company") (NYSE: ECC) has been named "Best Closed-End CLO Fund" by Creditflux, a leading global information source covering credit funds and CLOs.
The award was presented at Creditflux’s Credit Symposium and Manager Awards, which took place in London on September 8th. The annual Creditflux Manager Awards recognize leading managers and funds based purely on data over the applicable review period. The "Best Closed-End CLO Fund" award category measured the change in value of eligible funds between January 2020 and March 2021.
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Quick analysis review [single opinion]:
ECC [COB Friday]:
-Star Rating: 10star [last 2-wk period] ... [0-10star rating system]
-13wk Star rating: 8.83 stars
-Report Card grade: 88 ... [0-100 system]
-Power Rating: 98
-Projected Report Card rating: 100
-Last week's performance: +356 ... [need >+2.84]
-YTT: +8.01 ... [need >+2.22]
-TTL Analysis scoring: +13.19 ... [need >7.05]
-MktPrc: 13.73 [Up +0.21]
-Best MktBuyPrc: 13.55
-Trend [going forward]: +8.59 ... [need >+2.76]
-Crash Data on MktPrc decline: 13.17
-NAV: 12.97
... Up from 12.02 last Qtr ...
... Consider some risk taken when in portfolio's as ECC does not report regularly on their "NAV"....
... If buying, control on # of shares is required [IMHO]....
-Distribution: 10.49% ... paid monthly [$0.12/m]
-Premium/Discount status: At current premium
-MTB: +1.01 ... [need >+1.00]
-Risk Factor [Rf] w/2% portfolio: +0.348 ... [need >+0.283]
-Intrinsic value increase: +0.18 ... [need >0.03]
Comment: ECC, at one time was in a lot of our portfolio when it was in the 20's before the bottom fell out. We have tracked it for a while now. If/when a security pays shareholders 9% or greater, it must be expected that it will "NOT" compare to other securities [paying less or nothing] if/when looking at charts unless you calculate the distribution amount into the chart itself.....
Disclosure: Some of us bought a opening phase "0" position [0-2%] in ECC....
Live Long and Prosper....
GREENWICH, Conn., August 10, 2021--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCC, ECCW, ECCX, ECCY) today is pleased to announce the declaration of distributions on shares of the Company’s common stock.
The Company has declared three separate distributions of $0.12 per share on its common stock, an increase of 20% from its previous monthly distribution rate of $0.10 per share, payable on each of October 29, 2021, November 30, 2021 and December 31, 2021 to stockholders of record as of October 12, 2021, November 10, 2021 and December 13, 2021, respectively. The following schedule applies to the distributions:
Record Date
Payable Date
Amount per common share
October 12, 2021
October 29, 2021
$0.12
November 10, 2021
November 30, 2021
$0.12
December 13, 2021
December 31, 2021
$0.12
Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2021 calendar year.
"Given the strength of the Company’s recent financial performance and our investment portfolio’s recurring cash flow generation, we are pleased to be able to increase our monthly distribution by 20% to $0.12 per common share," said Thomas Majewski, Chief Executive Officer. "This is the second consecutive quarter we have been able to raise the dividend and further underscores our confidence in the Company’s future prospects."
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GREENWICH, Conn., September 15, 2021--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the "Company") (NYSE: ECC) has been named "Best Closed-End CLO Fund" by Creditflux, a leading global information source covering credit funds and CLOs.
The award was presented at Creditflux’s Credit Symposium and Manager Awards, which took place in London on September 8th. The annual Creditflux Manager Awards recognize leading managers and funds based purely on data over the applicable review period. The "Best Closed-End CLO Fund" award category measured the change in value of eligible funds between January 2020 and March 2021.
----------
Quick analysis review [single opinion]:
ECC [COB Friday]:
-Star Rating: 10star [last 2-wk period] ... [0-10star rating system]
-13wk Star rating: 8.83 stars
-Report Card grade: 88 ... [0-100 system]
-Power Rating: 98
-Projected Report Card rating: 100
-Last week's performance: +356 ... [need >+2.84]
-YTT: +8.01 ... [need >+2.22]
-TTL Analysis scoring: +13.19 ... [need >7.05]
-MktPrc: 13.73 [Up +0.21]
-Best MktBuyPrc: 13.55
-Trend [going forward]: +8.59 ... [need >+2.76]
-Crash Data on MktPrc decline: 13.17
-NAV: 12.97
... Up from 12.02 last Qtr ...
... Consider some risk taken when in portfolio's as ECC does not report regularly on their "NAV"....
... If buying, control on # of shares is required [IMHO]....
-Distribution: 10.49% ... paid monthly [$0.12/m]
-Premium/Discount status: At current premium
-MTB: +1.01 ... [need >+1.00]
-Risk Factor [Rf] w/2% portfolio: +0.348 ... [need >+0.283]
-Intrinsic value increase: +0.18 ... [need >0.03]
Comment: ECC, at one time was in a lot of our portfolio when it was in the 20's before the bottom fell out. We have tracked it for a while now. If/when a security pays shareholders 9% or greater, it must be expected that it will "NOT" compare to other securities [paying less or nothing] if/when looking at charts unless you calculate the distribution amount into the chart itself.....
Disclosure: Some of us bought a opening phase "0" position [0-2%] in ECC....
Live Long and Prosper....