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 (NYSE:EIC) plans to announce its financial results for Q1 2021 on May 18, 2021, before market opening. A conference call will be held at 11:30 a.m. Eastern Time, hosted by Chairman and CEO Thomas P. Majewski, along with CFO Kenneth P. Onorio. Participants can join via phone or internet, with details available in the press release.
The Company aims to generate high current income primarily through junior debt tranches of CLOs and may invest 20% of its assets in CLO equity securities.
Eagle Point Income Company reported strong financial results for the quarter and fiscal year ending December 31, 2020.
Highlights include a net investment income of $0.29 per share and a NAV of $16.89, reflecting a 14% increase from the prior quarter.
GAAP net income stood at $15.1 million, or $2.48 per share, while the yield on the CLO portfolio increased to 9.03%.
Subsequently, NAV is estimated to rise to between $17.22 and $17.26 by January 31, 2021, and a distribution increase of 6.25% is set for April.
Eagle Point Income Company (NYSE:EIC) has declared three distributions of $0.085 per share, marking a 6.25% increase from the prior rate of $0.08. These distributions are scheduled for April 30, May 28, and June 30, 2021, with record dates of April 12, May 10, and June 10, respectively. Chairman Thomas Majewski expressed confidence in the company's future prospects with this increase. The distributions will be funded primarily from net investment income, along with potential capital gains and returns of capital, with tax implications provided to shareholders in 2022.
Eagle Point Income Company plans to report financial results for the quarter and fiscal year ended December 31, 2020, on February 23, 2021, before market opening. A conference call hosted by CEO Thomas P. Majewski and CFO Kenneth P. Onorio will take place at 11:30 a.m. ET on the same day. The Company aims to generate high current income primarily by investing in junior debt tranches of CLOs while also seeking capital appreciation. More detailed portfolio and financial information can be accessed on their website.
Eagle Point Income Company reported its financial results for Q3 2020, revealing a net investment income of $0.28 per share and a GAAP net income of $6.9 million, or $1.13 per share. The company's net asset value (NAV) stood at $14.84 per share as of September 30, 2020, an increase from the previous quarter. Total portfolio collections in October exceeded July totals due to favorable market conditions. The company also deployed $3.6 million in new investments during the quarter and has significant cash available for future investments.
Eagle Point Income Company has announced three distributions of $0.08 per share on its common stock, set for payment on January 29, February 26, and March 31, 2021. These distributions are payable to stockholders of record on January 12, February 12, and March 12, 2021, respectively. The distributions will mainly come from net investment income and may include capital gains or return of capital. Eagle Point Income Company aims to generate high current income by investing primarily in junior debt tranches of CLOs.
Eagle Point Income Company (EIC) will report its financial results for Q3 2020 on November 17, 2020, before market open. CEO Thomas P. Majewski and CFO Kenneth P. Onorio will host a conference call at 11:30 a.m. ET to discuss the results. Interested parties can join via phone or online registration. The company focuses on high current income from junior debt tranches of CLOs and allocates up to 20% of its assets in CLO equity securities. Monthly portfolio updates and financial information are available on the company’s website.