Businessfrom24/7 Wall St.1 week 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 week 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.