ECC Research Note — High Income Meets Distribution Risk
ECC’s estimated discount meets an August test of CLO equity cash flow, distribution durability, net asset value and unusually thin market liquidity.
ECC’s estimated discount meets an August test of CLO equity cash flow, distribution durability, net asset value and unusually thin market liquidity.
ECC’s CLO equity cash flow faces a concentrated August test of distribution durability, net asset value, credit conditions and market confidence.