ECC Posted its March NAV of Between $4.12 - 4.22, In Line with My Prediction of $4.16. Stock up Almost 6%.

I was glad to see that predicted ECC NAV of $4.16 was so accurate. Having insights into CLO equity pricing between NAV announcements will help investors understand the risks involved with investing in CLO equity funds. It is helpful that XFLT posts a daily NAV but there are limitations to using its NAV as guide because around 50% of its assets are in liquid loans that mask the changes to market movements in its CLO equity portfolio. OXLC should announce its March NAV soon and I am confident that it wil be the balpark of my predicted NAV of $11.24. That would mean that OXLC stock currently trades at a 9% discount. ECC's discount is similar.

As I predicted, the market is reacting positively to ECC's NAV stabilizing in March, even though the NAV was down roughly 5%. ECC's and OXLC's stock are up 5% and 3%, respectively, today. Also, the stocks are up 9% (ECC) and 26% (OXLC) for the month of April. I still believe both stock have substantial upside.

My goal is to provide my readers my inside knowledge of the CLO markets so they are better informed investors. I was able to call several colleagues to get an understanding of CLO equity pricing in March, which allowed me to accurate predict March NAVs. I doubt I will always be this accurate but I can try.

Thanks

Sean