Eagle Point Income Company Inc. reports developments for a diversified closed-end management investment company focused on high current income and capital gains. The company invests primarily in junior debt tranches of collateralized loan obligations, with the ability to allocate a portion of assets to CLO equity securities, and is externally managed and advised by Eagle Point Income Management LLC.
Recurring updates include financial results, monthly common and preferred distributions, net asset value estimates, net investment income ranges, and portfolio-related disclosures. News also covers capital-structure actions such as common stock offerings, preferred stock issuances, preferred stock redemptions, ratings on preferred securities, revolving credit arrangements, and exchange-traded securities tied to the company’s common and preferred stock.
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 $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.