Eagle Point Income Co Inc Stock Price, News & Analysis

Eagle Point Income Company (NYSE: EIC, EICA) announced the partial exercise of the overallotment option by B. Riley Securities, resulting in the issuance of 48,000 additional shares of common stock at $18.45 per share. This offering, part of a previously disclosed public offering of 600,000 shares, closed on November 2, 2021, generating approximately $0.9 million in net proceeds. Investors are advised to review the related prospectus for detailed information on investment risks and objectives.

Eagle Point Income Company (NYSE: EIC, EICA) reported its financial results for Q3 2021, ending September 30. Key highlights include net investment income of $0.31 per share, up from $0.28 in Q2 2021, and a GAAP net income of $3.6 million, or $0.59 per share. NAV increased 2% to $17.69 per share. The company announced a special distribution of $0.20 per share, payable on January 24, 2022. Through October 31, 2021, Eagle Point deployed $22.9 million in net capital and raised approximately $44 million through public offerings, enhancing its investment capacity.

Eagle Point Income Company (NYSE: EIC) has declared three distributions of $0.12 per share on its common stock, payable on January 31, February 28, and March 31, 2022. The record dates for these distributions are January 11, February 8, and March 11, 2022, respectively. Additionally, the company announced distributions of $0.104167 per share on its Series A Term Preferred Stock, also payable on the same dates. These distributions reflect an annual rate of 5.00% on a $25 liquidation preference per share.

Eagle Point Income Company (NYSE: EIC, EICA) announced it will report financial results for the quarter ending September 30, 2021, prior to market opening on November 16, 2021. CEO Thomas P. Majewski and CFO Kenneth P. Onorio will host a conference call to discuss these results at 11:30 a.m. ET on the same day. Interested parties can join via phone or through the company's website, where a replay will be available for 30 days post-call. The company focuses on generating high current income primarily through investments in junior debt tranches of CLOs.

Eagle Point Income Company announced an underwritten public offering of 600,000 shares of common stock, priced at $18.45 per share. The offering aims to generate net proceeds of approximately $10.4 million after related expenses. Additionally, the underwriter holds a 30-day option to purchase up to 90,000 additional shares. The offering is expected to close on November 2, 2021 and the proceeds will be utilized for investments and general working capital.

Eagle Point Income Company announced an underwritten public offering of its common stock (EIC, EICA). The price and terms are to be determined through negotiations with the underwriter. An additional 30-day option for the underwriter to purchase extra shares is included. B. Riley Securities, Inc. is the Sole Bookrunner. Investors are advised to review the preliminary prospectus supplement dated October 28, 2021 for detailed risks and objectives. A shelf registration statement with the SEC is effective for this offering.

Eagle Point Income Company announced the full exercise of underwriters' option to purchase an additional 180,000 shares of its Series A Term Preferred Stock, generating approximately $4.4 million in net proceeds. The offering, initially comprising 1,220,000 shares at $25 each, closed on October 22, 2021. The Series A Preferred Stock is rated 'BBB' and trades under the symbol EICA on the NYSE. Investors are advised to review the prospectus dated October 18, 2021, for detailed information about investment risks and objectives.

Eagle Point Income Company announced the pricing of an underwritten public offering of 1,220,000 shares of its 5.00% Series A Term Preferred Stock due 2026 at a public offering price of $25 per share. This offering is expected to yield net proceeds of approximately $29.3 million after expenses. The Preferred Stock, rated 'BBB' by Egan-Jones Ratings, is expected to close on October 22, 2021. The Company aims to list the shares on the NYSE under the symbol 'EICA'. A 30-day option to purchase an additional 180,000 shares has been granted to underwriters.

Eagle Point Income Company has initiated an underwritten public offering of its Series A Term Preferred Stock. The offering's pricing and other details will be finalized through negotiations with underwriters. The Preferred Stock has received a 'BBB' rating from Egan-Jones Ratings Company and is expected to be listed on the New York Stock Exchange within 30 days of issuance. Ladenburg Thalmann & Co. Inc. is the lead bookrunner for this offering, which may include a 30-day option for underwriters to purchase additional shares.