PennyWeasel Posted - 1 day ago

$ECC Maybe somebody smarter than I can decipher this! What does it all mean? "Eagle Point Credit Company Inc. and its related entities, identified in Section I.B. below, hereby request an order (the “Order”) pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the “Act”)1 and Rule 17d-1 thereunder2 authorizing certain joint transactions that otherwise would be prohibited by either or both of Sections 17(d) and 57(a)(4) as modified by the exemptive rules adopted by the U.S. Securities and Exchange Commission (the “Commission”) under the Act." "In the absence of the relief sought hereby, in many circumstances the Regulated Funds would be limited in their ability to participate in attractive and appropriate investment opportunities. Section 17(d), Section 57(a)(4) and Rule 17d-1 should not prevent BDCs and registered closed-end investment companies from making investments that are in the best interests of their shareholders." https://www.sec.gov/Archives/edgar/data/1604174/000110465924050650/tm2412263d1_40appa.htm

Jumpinjimmy Posted - 1 day ago

@LVStrader I know you have $ECC as well. Is that a better divi as Far as Nav value not getting slammed at payout. Is it more a Longer Term hold?

Danorfleet01 Posted - 1 day ago

@LVStrader thoughts on $yyy VS buying $ecc and $oxlc individually?

PennyWeasel Posted - 1 day ago

$OXLC $ECC And while we wait and watch the paint dry... Just don't bring me down! $5.00 and $10.00 are just fine at the moment! 🍀🍀🥃 https://youtu.be/FuiMQPc5aKA?si=Opm-o56CoCS3xcZC

PennyWeasel Posted - 1 day ago

$OXLC $ECC Not expecting much out of these until 𝗮𝗳𝘁𝗲𝗿 month-end. Up and/or down a few pennies would be my guess. Great support at the current prices. Hang On Sloopy! Enjoy while you wait!!! 🍀🍀🥃 https://youtu.be/8a2o_26Uf6Q?si=s71V5Z3_noSllpie

Shane_Crawford Posted - 2 days ago

$ECC added today.

LVStrader Posted - 2 days ago

Again adding small to most everything with more to $ECC and OXLC just to even out cost basis. Tomorrow declaration day for QDTE the weekly payer that I have been adding to most every day along with FEPI as it dives down with all the NASDAQ offerings. These will probably take a rate cut to start going up. Been adding to KLIP most every day very small.

thailandmonger Posted - 3 days ago

$ECC I can't believe that Merrill blocked people from buying this. $ECC has treated me well since I have owned it. My money should = my decisions.

sonofaperch Posted - 5 days ago

Correction on my last post for $ECC I was a little pissed, to say the least. Instead of to say the list...

sonofaperch Posted - 5 days ago

$ECC I tried to buy some ECC today in my Merrill acount went to hit the buy button and I get the error message that this CEF is blocked, and they won't allow me to trade it! I am really getting tired of this shit!! I called Merrill, they said they consider ECC to be a risky investment and they won't allow anyone to invest in it, I was a little pissed, to say the list I am looking at transferring my Self directed IRA to Fidelity!

antifapat Posted - 5 days ago

@Cristi guess who's gonna buy some $ECC series 'C' soon?

Cristi Posted - 5 days ago

@antifapat I like your spreadsheet. I didn't know $DSHK suspended dividend payments, but that doesn't surprise me. I never bought those despite their high dividend yield because the company wasn't profitable. To answer your question regarding $ECC preferred D ($ECC-D), I think those are fine (I have some of those as well). But I prefer the class C series because it has mandatory redemption on 6/30/2031. So I am guaranteed to get a $3.x capital gain on top of the dividends until then. By my calculations, that makes their dividend yield = 9.21% until 2031. Also, the insiders own a few million dollars worth of $ECCC. I don't think the insiders own any $ECC class D. So it seems their executives prefers the C series as well. Once the C series is redeemed, I will switch to the D series. Also, I have a lot of capital losses from 2020, so that $3 capital gain will be tax free for me

antifapat Posted - 5 days ago

@cstrick1980 @amf99 so did I. Only gonna get about $100/month from each of: $CLM $CRF $ECC & $OXLC now

Robiebaron Posted - 5 days ago

$SPY $NVDY $ECC Banks doing better today. If there are no bangs in the Mid East this weekend, we could get a pop on Monday. Added a little to NVDY in the 24 fours.

PennyWeasel Posted - 5 days ago

$OXLC $ECC 𝗦𝗢𝗟𝗜𝗗! Need I say more? Off for a breakfast date!

antifapat Posted - 6 days ago

@Cristi why wouldn't you buy $ECC series 'D'? And, I like that $EFC series 'C' and might pick some up soon. You've seen this, right? https://docs.google.com/spreadsheets/d/1M18jyMWV54AAcrks45VgISIgzbxu_7uy23gSJG1Ed80/edit#gid=0

sonofaperch Posted - 6 days ago

$ECC Dos ECC DRIP at NAV or a discount?

Cristi Posted - 6 days ago

Bought some $ECC class C ($ECCC) at $21.88 and $EFC class C ($EFC-C) at $23.04 The recent inflation numbers provide an opportunity to reinvest my dividends at good prices

PennyWeasel Posted - 6 days ago

Shocking! In under 3-hrs from sending www.lsta .org an email requesting their LSTA charts be updated... taadaa!!! Interesting though that January to February was an increase and February to March was an increase. Would have expected both $OXLC and $ECC NAVs to have been a bit higher.

PennyWeasel Posted - 6 days ago

$OXLC $ECC FWIW... I sent our www.lsta .org friends an email requesting they get off their asses and update their chart. Now lacking February and March data! 😁🤣😏💰🐄🍀🍀🥃

antifapat Posted - 1 week ago

$ECC common stock and preferred series 'D' were both up Wednesday. So was $PMT preferred series 'C', $RIV preferred series 'A', and $SAR 8% Notes due 10/31/2027 (I don't own any of their common stock). So was $MAIN (I don't own any of their preferred shares)

LVStrader Posted - 1 week ago

Adding more to $ECC, GOF, ACP and FEPI this morning but not much else.

LVStrader Posted - 1 week ago

@cstrick1980 great price and I’ve been adding in the nines to $ECC also and 0XLC in the high 4’s and GOF in the 13.80’s

FLAFOREVER Posted - 1 week ago

@Dragon_Trader_64 @SuperBender He trashes $ECC because he lost money on it, a normal human reaction and emotion, but I wish him the best. NAV is at 9.27 so premium is currently at only about 7%.

GuyChapman Posted - 1 week ago

@hammermark thanks traded $EIC for $ECC

Dragon_Trader_64 Posted - 1 week ago

@SuperBender Not exactly sure how to answer the comment. $ECC has a 1 billion market capital, a 19.11% dividend to it's NAV, a DRIP of another 12.96%. It's in a bond asset class which is a hedge to the equity assets ($CRF) for example. So, I guess you just didn't care for it. Not sure why you're trashing any CEF, especially one you sold out of, but that's OK. I have no criticism if you sold it.

PennyWeasel Posted - 1 week ago

@SuperBender @Dragon_Trader_64 Interesting... Since $ECC has earned an average 11.35% over the past 3-years if you just held it. That 11.35% avg. also doesn't include the 5% discounted DRIP (just cash divvi). Here, compared to AGNC (maybe a better example of "trash"). 🤣

PennyWeasel Posted - 1 week ago

@BuyLow63 @jleonard1990 Additionally, regarding distributions paid... $AGNC shares sold generated $63.34 in divvis. $ECC shares bought with proceeds of above sale generate $80.97 (cash) but since it DRIPs with a 5% discount... $85.02. ECC is a far better invest overall. Especially if it can be had at sub-10 prices. 1-yr, 2, 3, 4, 5-years all the same! 3-yr comparison below!

Dragon_Trader_64 Posted - 1 week ago

$CRF Ladies and Gentlemen...I personally do not hedge closed-ended funds once I buy them. Meaning I rarely trade them once I have them. My argument is "Dividends Rule" and the "DRIP at the NAV" is free money that's pays growing dividends as long as the CEF exists. Below is my rankings screen for these. I sort by Distributions to the NAV. I always treat $CLM exactly the same as $CRF. A couple weeks ago $ECC did not even make this list, now it sits on top. Just saying. $CLM is not on it right now, but "Dividends Rule"!

justbaseball25 Posted - 1 week ago

50 $ecc