July 18, 2019. We are buying ECC which pays over 13%. With this high rate of return, you know this position is riskier than most of the Core Portfolio positions. It is a high quality fund with high quality management. ECC has recently declined and is now ‘on sale’. Do NOT buy more than 2% of your portfolio.
FUND DESCRIPTION: Eagle Point Credit Company, Inc. is a non-diversified closed-end management investment company that registered under the Investment Company Act of 1940. INVESTMENT OBJECTIVE: The Eagle Point Credit Company, Inc. seeks to generate high current income, with a secondary objective to generate capital appreciation. COMPANY STRATEGY: The Company seeks to achieve our investment objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations (CLOs). The CLO securities invested in are unrated or rated below investment grade and are considered speculative with respect to timely payment of interest and repayment of principal. Below investment grade securities are also sometimes referred to as junk securities. MANAGEMENT: The Company is externally managed and advised by Eagle Point Credit Management LLC
Baby boomers and the older generations will probably never experience the devastating effects of the ballooning USA debt. But the children and their children are in trouble, and don’t even know it. The corrupt morons in Washington continue to run huge deficits, spending trillions more than we take in. This is a terrible situation but nobody seems to care. We encourage you to read this article.
We stumbled across this YouTube video. Who doesn’t want to increase their credit score??? These are very good tips and you should look at this.
What is U.S. electricity generation by energy source?
In 2018, about 4,178 billion kilowatthours (kWh) (or 4.18 trillion kWh) of electricity were generated at utility-scale electricity generation facilities in the United States.1 About 63% of this electricity generation was from fossil fuels (coal, natural gas, petroleum, and other gases). About 20% was from nuclear energy, and about 17% was from renewable energy sources. The U.S. Energy Information Administration estimates that an additional 30 billion kWh of electricity generation was from small-scale solar photovoltaic systems in 2018.2
|U.S. electricity generation by source, amount, and share of total in 20181|
|Energy source||Billion kWh||Share of total|
|Total – all sources||4,178|
|Fossil fuels (total)||2,651||63.5%|
|Municipal solid waste (biogenic)||7||0.2%|
|Other biomass waste||3||0.1%|
|Solar (total)|| 67||1.6%|
|Solar thermal|| 4||0.1%|
|Pumped storage hydropower3||-6||-0.1%|
NOW IN OUR 7TH YEAR. NOTE TO NEW READERS: Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This blog is designed for investors seeking income by using preferreds, BDCs, REITs, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About”