I see some questions on CLO’s (collateralized debt obligations) relative to Eagle Point Income Company (EIC)
This company invests mainly in the debt tranches of the CLO’s–just like debt of any company it is senior to equity. The vast majority of all of the CLO holding company’s hold ‘equity’ tranches of a CLO. In this respect EIC would seem to be a bit safer.
Here is the latest semi annual report from EIC which outlines what they intend to do investment wise–they can go up to 35% in equity tranches (most risky). It also has most recent data on investments etc.
Additionally here is something very basic I wrote almost 2 years ago which includes a chart which some may find helpful.