EIC

Weekly Closed-End Fund Roundup: April 14, 2024

Eagle Point Income: A Less Risky CLO Alternative To ECC

Eagle Point Income Co Inc (EIC) offers a monthly distribution with a high yield of 15.4%. EIC has outperformed the S&P 500 in terms of total return over the last year. The fund is a closed-end fund with a primary focus on CLO debt. The price of EIC currently trades below its average premium to NAV. EIC is a less risky alternative to ECC's CLO equity.

Weekly Report: what happened at EIC last week (0415-0419)?

Weekly Report: what happened at EIC last week (0408-0412)?

CEF Weekly Review: Some Funds Are Locking In High Leverage Costs

Some Funds are locking in relatively high leverage costs, which will push their net income levels lower as the Fed cuts rates. March was the best month of the year so far for CEFs as stocks and Treasuries fell. Pioneer Muni CEFs hiked distributions. Systematic Income reviews CEF market valuation and performance through first week of April.

Eagle Point Income Company declares $0.20 dividend

Eagle Point Income Company Inc - 5% PRF REDEEM 30/10/2026 USD 25 - Ser Aprice alerts goes ex dividend today

XFLT: Fund Your Retirement Income With This 14% Yielding CEF

The XAI Octagon Floating Rate & Alternative Income Trust offers a high yield income stream and discounted DRIP option for investors. The fund has returned 28% over the past year with a yield of about 14.4%. The closed-end fund has shown consistent performance and returned 13% in the last year. XFLT offers a discount to the market price to reinvest the fund's monthly distributions.