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Eagle Point Income Company Inc - EIC STOCK NEWS

Welcome to our dedicated news page for Eagle Point Income Company (Ticker: EIC), a resource for investors and traders seeking the latest updates and insights on Eagle Point Income Company.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Eagle Point Income Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Eagle Point Income Company's position in the market.

Rhea-AI Summary
Eagle Point Income Company Inc. announced a public offering of 1,220,000 shares of its 8.00% Series C Term Preferred Stock at a price of $25 per share, aiming to raise approximately $29.3 million. The offering is rated 'BBB' by Egan-Jones Ratings Company and includes an option for underwriters to purchase additional shares. The Company plans to list the Preferred Stock on the NYSE under the symbol 'EICC'.
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End-of-Day
1.4%
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Rhea-AI Summary
Eagle Point Income Company Inc. announced a public offering of its Series C Term Preferred Stock, rated 'BBB' by Egan-Jones Ratings Company. The offering includes an option for underwriters to purchase additional shares and is expected to list on NYSE under the symbol 'EICC'.
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End-of-Day
1.36%
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Rhea-AI Summary
Eagle Point Income Company Inc. reported strong financial results for Q4 2023 and full year 2023, with a significant increase in net asset value and net income. The company's NAV per common share increased by 2.2% to $14.39, and net investment income also saw a substantial rise. Additionally, the company increased its monthly common distribution by 11% to $0.20 per share, the highest in its history. The Company's CLO debt and equity portfolio showed a weighted average effective yield of 13.29% and an expected yield of 17.21%. For the full year 2023, the Company recorded GAAP net income of $29.3 million and received $29.0 million in recurring cash distributions from its investment portfolio. The Company also announced new monthly distributions for its common stock and preferred stocks.
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2.55%
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Rhea-AI Summary
Eagle Point Income Company Inc. (EIC) announces distributions on common stock and preferred stock. The company declared three distributions of $0.20 per share on common stock payable in April, May, and June 2024. Additionally, distributions were announced for the 5.00% Series A Term Preferred Stock due 2026 and the 7.75% Series B Term Preferred Stock due 2028.
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Rhea-AI Sentiment
End-of-Day
1.36%
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Rhea-AI Summary
Eagle Point Income Company Inc. plans to report financial results for the quarter and fiscal year ended December 31, 2023, on February 22, 2024. The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time). Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with other key personnel. Interested parties can participate via phone or internet, and a replay will be available for approximately 30 days.
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0.95%
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Rhea-AI Summary
Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announced strong financial results for Q3 2023, with an 8.3% increase in NAV per common share, NII of $0.38 per common share, and $14.1 million GAAP net income. The company also declared an 11% increase in monthly common distributions.
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-0.07%
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Rhea-AI Summary
Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announces an 11% increase in monthly common stock distributions to $0.20 per share, reflecting sustained confidence in the company's outlook. The company also declares distributions on its Series A and Series B Term Preferred Stock.
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Rhea-AI Summary
Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) will report financial results for Q3 2023 on November 14, 2023. The conference call to discuss the results will be hosted by Thomas P. Majewski, Chairman and CEO, along with Lena Umnova, Chief Accounting Officer, and Daniel Ko, Portfolio Manager. Interested parties can participate via phone or internet, and an archived replay will be available on the company's website.
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Rhea-AI Sentiment
End-of-Day
-0.56%
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Rhea-AI Summary
Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announced strong second-quarter 2023 financial results, including $0.49 NII per common share and a 13% increase in monthly common distributions. The company also issued new 7.75% Series B Preferred Stock, strengthening its balance sheet with $31 million in net proceeds. Portfolio activity through July 31, 2023, saw an estimated NAV per common share of $13.39-$13.49, $6.7 million in recurring cash distributions, and $10.2 million deployed into CLO debt and other investments.
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Rhea-AI Sentiment
End-of-Day
0.42%
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Rhea-AI Summary
Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announces a 13% increase in monthly distributions on its common stock, with each distribution of $0.18 per share payable on October 31, November 30, and December 29, 2023. The company's outlook remains strong in the current rate environment, leading to the seventh increase in common distributions since 2020.
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Rhea-AI Sentiment
End-of-Day
1.02%
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Eagle Point Income Company Inc

NYSE:EIC

EIC Rankings

EIC Stock Data

182.56M
46.43%
5.7%
0.16%
Securities and Commodity Exchanges
Finance and Insurance
US
Greenwich

About EIC

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company's primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments. The Company is externally managed and advised by Eagle Point Income Management LLC.