Eagle Point Income Co Inc (44124033)

The market saw a strong continuing recovery in May from April's market drop. The rebound was enough to see the drop recover entirely that was seen in April, but the markets still remain off all-time highs seen in February. While there wasn't as much in terms of opportunity for buying as there was in April, I add to my CEF positions every month regardless.» Mehr auf seekingalpha.com

We review the CEF market valuation and performance through the first week of June and highlight recent market action. Loan CEF valuations have underperformed as Fed rate cuts led to distribution reductions, reversing prior outperformance from the hiking cycle. A couple of Nuveen CEFs have trimmed distributions, with few distribution changes elsewhere.» Mehr auf seekingalpha.com

EIC's recent distribution cut and price drop present an attractive buying opportunity, with the fund now yielding 11.7% and trading at a sizable discount. EIC stands out for its majority CLO Debt allocation, sector-leading low management fees, and lack of incentive fees, enhancing income efficiency for investors. Despite income pressure from falling rates and loan spread compression, EIC remains the best-performing CLO CEF in total NAV terms over 1–3 years.» Mehr auf seekingalpha.com