Welcome to our dedicated page for Eagle Point Income Co news (Ticker: EIC), a resource for investors and traders seeking the latest updates and insights on Eagle Point Income Co stock.
Eagle Point Income Company Inc. (NYSE: EIC) is a closed-end management investment company in the finance and insurance sector, with a focus on CLO securities backed by below-investment-grade U.S. senior secured loans. The EIC news page on Stock Titan aggregates company-specific announcements, press releases, and related disclosures so readers can follow developments that affect this CLO-focused income strategy and its listed securities.
News items for Eagle Point Income Company Inc. include details of capital markets transactions involving its common stock and term preferred stock. Public announcements have covered underwritten offerings of its common shares, the issuance of 5.00% Series A Term Preferred Stock due 2026 (EICA), 7.75% Series B Term Preferred Stock due 2028 (EICB), and 8.00% Series C Term Preferred Stock due 2029 (EICC), as well as the full or partial exercise and closing of underwriters’ options to purchase additional shares. These updates provide context on how the company raises capital to support its investment activities.
In addition, readers can find news related to the broader Eagle Point platform, such as press releases about Eagle Point Securities LLC acting as dealer manager for offerings by Eagle Point Income Company (NYSE: EIC). Such items highlight how the company fits within a family of vehicles and distributors focused on private credit and CLO-related strategies managed by Eagle Point and its affiliates.
By reviewing the EIC news feed, investors and researchers can monitor topics such as securities offerings, changes in listed securities, and other corporate communications that complement the company’s formal SEC filings. This page can be revisited regularly to see newly published press releases and updates connected to Eagle Point Income Company Inc. and its exchange-listed securities.
Eagle Point Income Company (EIC) announced its financial results for the fourth quarter and full year ending December 31, 2022. The company reported a net investment income (NII) of $0.49 per share, with a net asset value (NAV) of $12.91 per share, down from $13.05 in Q3 2022. GAAP net income stood at $6.4 million, or $0.88 per share. The company distributed $5 million from its investment portfolio and increased its monthly distribution to $0.16 starting January 2023. As of January 31, 2023, NAV is estimated between $13.67 and $13.77, reflecting a 6.3% increase. Total cash and capacity available for investment reached $25.7 million as of February 15, 2023.
Eagle Point Income Company (NYSE: EIC, EICA) announced that it will report its financial results for the quarter and fiscal year ending December 31, 2022, before market opening on February 22, 2023. A conference call will follow on the same day at 11:30 a.m. ET, hosted by CEO Thomas P. Majewski and other key executives. Interested participants can join via phone or internet, with replay options available post-call. The company focuses on generating high current income primarily through investing in junior debt tranches of CLOs, and it may allocate up to 35% of its assets in CLO equity securities.
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