Eagle Point Credit Company is restructuring its portfolio by moving away from collateralized loan obligations (CLOs) to increase stability and diversify into regulatory capital relief securities and private credit. The company’s common dividend currently exceeds its net investment income, causing net asset value erosion and raising concerns about a potential dividend cut if cash flow does not improve. However, its perpetual preferred shares, ECC.PR.D, offer attractive features such as over 9% yield, strong income coverage, monthly payouts, and capital preservation, making them appealing for income-focused investors. These preferred shares also benefit from regulatory asset coverage and convertible debt support, fitting well in tax-advantaged accounts for reliable income and potential capital gains.
President Trump has sold his shares in Micron Technology and used the proceeds to invest in another large-cap company focused on artificial intelligence. This move highlights a shift in his investment strategy towards the growing AI sector, which is ...
Tesla's stock has shown significant volatility around earnings reports, moving 8% or more after 10 of its last 15 earnings announcements. This pattern highlights the market's strong reaction to Tesla's financial results, making its stock particularly...
Bitcoin's price surpassed the $82,000 mark, reaching $82,152 on Binance's spot market at 5:35 a.m. ET on October 18. This rise marks a notable moment for the largest cryptocurrency by market capitalization, showing a 0.49% increase over the previous ...
President Trump has sold his shares in Micron Technology and redirected his investment into another large-cap company specializing in artificial intelligence. This move highlights a shift in focus towards AI stocks, which are gaining traction due to ...
Justin Sun, founder of TRON, sold 80-90% of his Ethereum holdings when prices were between $3,600 and $4,000, citing a fragile double-top pattern as his reason. He retained a smaller Ethereum stake and kept his Bitcoin holdings intact. After selling ...
