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Eagle Point Income Company Inc. - $EIC STOCK NEWS

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

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. (NYSE: EIC, EICA, EICB) announced the full exercise of underwriters' option to purchase additional shares of its 7.75% Series B Term Preferred Stock due 2028, resulting in approximately $4.1 million in net proceeds. Rated ‘BBB’ by Egan-Jones Ratings Company, the Preferred Stock trades on the NYSE under the symbol “EICB.”
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Rhea-AI Summary
Eagle Point Income Company Inc. plans to report financial results for Q2 2023 on August 15, 2023. The conference call to discuss the results will be hosted by the Chairman and CEO, Thomas P. Majewski, along with other executives. Interested parties can participate via phone or internet, and an archived replay will be available on the company's website.
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Eagle Point Income Company Inc.

NYSE:EIC

EIC Rankings

EIC Stock Data

200.72M
9.97M
32.18%
3.95%
0.12%
Securities and Commodity Exchanges
Finance and Insurance
United States of America
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.