ECC
- Eagle Point Credit Company Inc.
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Overview
Company Summary
Eagle Point Credit Company Inc. (ECC) is a financial services company that primarily operates as a closed-end investment management firm. ECC's main objective is to generate current income and capital appreciation by investing in a diversified portfolio of collateralized loan obligations (CLOs) and other related assets.
CLOs are a type of structured asset-backed security that is created by pooling together a portfolio of loans, typically corporate loans, and then issuing various classes of debt and equity securities backed by the cash flows from those loans. ECC invests in CLOs, which provide exposure to a wide range of borrowers and sectors, including corporate and middle-market loans.
As an investment management firm, ECC actively manages its portfolio by selecting CLOs that it believes will generate attractive risk-adjusted returns. Their team of experienced investment professionals conducts thorough due diligence on underlying loans, evaluates various risk factors, and closely monitors the performance of the portfolio.
ECC aims to generate income primarily through the interest and principal payments it receives from its investments in CLOs. They distribute the income generated to their shareholders in the form of regular dividends. In addition to income, ECC also seeks capital appreciation by actively managing its portfolio and taking advantage of market opportunities.
Overall, ECC's core business revolves around investing in CLOs and other related assets, aiming to generate income and capital appreciation for its shareholders. Their expertise lies in the selection and management of these investments to achieve attractive risk-adjusted returns in the financial markets.