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 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
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.
Eagle Point Income Company (NYSE: EIC, EICA) will announce its financial results for the quarter and fiscal year ended December 31, 2021, on February 17, 2022, before market opening. The company will hold a conference call at 11:30 a.m. ET, hosted by CEO Thomas P. Majewski and CFO Kenneth P. Onorio. 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 in CLO equity securities.
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
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.