A convertible perpetual preferred stock is a hybrid security that pays regular fixed dividends like a bond but has no set maturity date, meaning the company does not have to repay the principal. It can be converted into common shares under specified terms, which matters to investors because it provides steady income and higher claim priority in a payout, while also carrying the risk of future dilution of common shares if conversion occurs.
public offeringfinancial
A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.
dealer managerfinancial
A dealer manager is a financial firm — often a broker-dealer or investment bank — that organizes, markets and coordinates the sale of a new securities offering (such as bonds or structured products) to other brokers and investors. Think of it as the project manager and sales team for the deal: its pricing choices, marketing reach and allocation decisions influence how widely the issue is distributed, how competitively it is priced, and how easy it is for investors to buy or sell afterward.
FINRAregulatory
FINRA is the U.S. self‑regulatory organization that oversees brokerage firms and individual brokers, setting and enforcing rules to protect investors and keep markets orderly. Think of it as a referee and rulebook keeper for the broker industry: it licenses brokers, monitors their behavior, enforces standards, and runs complaint and arbitration systems, so investors can check records and have a path to resolve disputes.
The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that helps customers recover cash and securities if a registered brokerage firm fails and assets are missing. Think of it like an insurance backstop for your brokerage account—it can replace missing holdings up to legal limits but does not protect against losses from market movements or bad investment choices.
prospectus supplementregulatory
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
shelf registration statementregulatory
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
NRSROregulatory
A NRSRO is a firm officially recognized by regulators to publish credit ratings that judge how likely borrowers—like companies or governments—are to repay debt. Think of it as an accredited report card that summarizes credit risk; investors and banks use those ratings to compare safety, set interest rates, and meet regulatory or lending rules, so an upgrade or downgrade can change borrowing costs and investment decisions quickly.
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GREENWICH, Conn.--(BUSINESS WIRE)--
Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC) announced it has commenced a continuous public offering of up to 4,000,000 shares of its 6.00% Series AA Convertible Perpetual Preferred Stock and 6.00% Series AB Convertible Perpetual Preferred Stock (collectively, the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $91 million after payment of estimated commissions and offering expenses if all shares of the Preferred Stock are sold. The Preferred Stock has a 6.00% annual dividend rate, paid monthly, and is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency. The Preferred Stock is perpetual and convertible by the holder into shares of the Company’s common stock or cash (as determined by the Company at its sole discretion), subject to certain conditions.
Eagle Point Securities LLC is the dealer manager for the Preferred Stock offering. Eagle Point Securities LLC is an affiliate of the Company’s investment adviser, Eagle Point Income Management LLC, and is a member of FINRA and SIPC.
Investors should consider the Company’s investment objectives, risks, charges and expenses carefully before investing. The prospectus supplement dated March 9, 2026, and the accompanying prospectus dated December 9, 2024, which have been filed with the Securities and Exchange Commission (“SEC”), contain this and other information about the Company and the Preferred Stock and should be read carefully before investing.A shelf registration statement relating to these securities is on file with and has been declared effective by the SEC. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by writing Eagle Point Securities LLC at 600 Steamboat Road, Suite 202, Greenwich, CT 06830, by calling (203) 340-8100 or by sending an e-mail to: EICPref@eaglepointsecurities.com; copies may also be obtained for free by visiting EDGAR on the SEC’s website at http://www.sec.gov.
Egan-Jones Ratings Company is a nationally recognized statistical rating organization (“NRSRO”). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency.
ABOUT EAGLE POINT INCOME COMPANY
The Company is a 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. The Company seeks to achieve its investment objectives by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities, as well as other securities and instruments that are consistent with the Company’s investment objectives. The Company is externally managed and advised by Eagle Point Income Management LLC.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company’s other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
