Eagle Point Income Co Inc Stock Price, News & Analysis

Eagle Point Income Company plans to report its financial results for Q3 2022 on November 15, 2022, before market opening. A conference call will follow at 11:30 a.m. ET, hosted by Chairman and CEO Thomas P. Majewski. Participants can join via phone or the company's website. The Company focuses on generating high current income through investments in junior debt tranches of CLOs, with up to 35% of total assets allocated to CLO equity securities. It provides monthly unaudited portfolio information and estimates of net investment income and NAV.

Eagle Point Income Company (EIC) reported its financial results for Q2 2022, including net investment income (NII) and realized capital gains of $0.41 per share. The net asset value (NAV) per share decreased to $13.66, down from $16.52 in Q1 2022. The company experienced a GAAP net loss of $17.9 million, or $2.56 per share, primarily due to unrealized losses. However, a 12% increase in monthly distributions to $0.14 per share was declared, reflecting confidence in future cash flows.

Eagle Point Income Company has declared distributions for its common stock, increasing the amount to $0.14 per share, a 12% rise from the previous $0.125. These distributions will be paid on October 31, November 30, and December 30, 2022. Shareholders of record will be notified accordingly. The company also announced distributions for its 5.00% Series A Term Preferred Stock, set at $0.104167 per share for the same payment dates. The distributions stem from net investment income and may include capital gains.

Eagle Point Income Company (NYSE: EIC) plans to release its financial results for the quarter ending June 30, 2022, before market opening on August 16, 2022. A conference call will take place at 11:30 a.m. ET the same day, hosted by CEO Thomas P. Majewski and CAO Lena Umnova. The call can be accessed via phone or internet, and a replay will be available for 30 days post-call. The Company focuses on generating high current income through investments in junior debt tranches of CLOs and may also invest in CLO equity securities.

Eagle Point Income Company reported its financial results for Q1 2022. The Company reported a net investment income of $0.33 per share and a net loss of $0.8 million, or $0.12 per share. As of March 31, 2022, NAV per common share was $16.52, marking a decline from previous quarters. The Company deployed $5.1 million in capital, while the weighted average yield on its CLO portfolio increased to 11.34%. A special distribution of $0.20 per share was paid on January 24, 2022. The estimated NAV as of April 30, 2022, is between $16.19 and $16.23.

Eagle Point Income Company has declared distributions for its common and Series A Term Preferred Stock. A total of three distributions of $0.125 per common share are set for July 29, August 31, and September 30, 2022, with respective record dates of July 11, August 11, and September 12, 2022. For the Series A Term Preferred Stock, distributions of $0.104167 per share are scheduled for the same dates. These distributions stem from net investment income, with tax characteristics to be reported later.

Eagle Point Income Company (NYSE: EIC, EICA) is set to release its financial results for the quarter ending March 31, 2022, before market opening on May 24, 2022. A conference call to discuss these results will take place at 11:30 a.m. (Eastern Time) the same day, hosted by CEO Thomas P. Majewski and CAO Lena Umnova. The call will be accessible via phone and internet, with a replay option available for 30 days post-call. The Company focuses on generating high current income from junior debt tranches of CLOs and may invest up to 35% in CLO equity securities.

Eagle Point Income Company announced its financial results for the quarter and fiscal year ending December 31, 2021. The company reported a net investment income (NII) and realized capital gains of $0.14 per common share. The net asset value (NAV) per common share was $16.76, down from $17.69 in the previous quarter. A GAAP net loss of $1.6 million was recorded for the fourth quarter. The company raised approximately $45 million through various capital offerings. Looking ahead, the NAV is estimated to be between $16.89 and $16.93 as of January 31, 2022.

Eagle Point Income Company (NYSE: EIC, EICA) has declared a 4% increase in its monthly common stock distribution to $0.125 per share, effective for three payments on April 29, May 31, and June 30, 2022. Record dates are set for April 11, May 11, and June 10, 2022. The company also declared distributions on its Series A Term Preferred Stock, amounting to $0.104167 per share. These distributions reflect the company's strong financial performance and confidence in its investment portfolio, which focuses on high current income and capital appreciation.