2min chapter

Money For the Rest of Us cover image

A "Safe" 6% Yield: The Case for Investment Grade CLOs

Money For the Rest of Us

CHAPTER

Investing in CLO Equity Tranche

Big-o-point credit company ECC is a closed and fun that has been around for over 5 years. My biggest concern with this is it's selling at a 21% or 22% premium to its net asset value. Another option in the equity tranche is Oxford Lane Capital Corporation OXLC. The distribution rate is over 15% right now but you're going to get the volatility from the leverage.

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