Eagle Point Income Company Inc. - EICB STOCK NEWS

Welcome to our dedicated page for Eagle Point Income Company news (Ticker: EICB), a resource for investors and traders seeking the latest updates and insights on Eagle Point Income Company stock.

Eagle Point Income Company Inc. (EICB) is a closed-end management investment company primarily focused on generating high current income for its shareholders. Founded with a mission to provide robust financial returns, Eagle Point Income Company invests strategically to ensure both income generation and capital appreciation, the latter being a secondary objective.

The company operates by investing in a diversified portfolio of income-generating assets. This particular series, Eagle Point Income Company Inc. 7.75% Series B Term Preferred Stock Due 2028 (symbol: EICB), offers investors a fixed income through dividend payouts, which are set at an annual rate of 7.75% until the term expiration in 2028. This makes EICB an attractive option for income-focused investors seeking stable returns.

Recent achievements of Eagle Point Income Company include successful capital raising endeavors and strategic investments that have bolstered its asset base. The company is managed by a team of experienced professionals who are adept at navigating market fluctuations and optimizing investment portfolios for maximum yield.

EICB's financial condition remains strong, supported by a diversified portfolio and prudent investment strategies. The company frequently updates its stakeholders with the latest developments, ensuring transparency and trust. Current projects include expanding the investment portfolio to include a wider range of income-generating assets, which is expected to enhance overall returns and provide greater security to investors.

Partnerships with other financial institutions and investment firms further solidify Eagle Point Income Company's market position, offering additional avenues for growth and stability. The company's commitment to maintaining high levels of income distribution, combined with its strategic investment approach, positions EICB as a significant player in the investment domain.

03/27/2024 07:10 PM

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Eagle Point Income Company Inc. Prices Offering of Preferred Stock

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Eagle Point Income Company Inc. announced a public offering of 1,220,000 shares of its 8.00% Series C Term Preferred Stock at a price of $25 per share, aiming to raise approximately $29.3 million. The offering is rated 'BBB' by Egan-Jones Ratings Company and includes an option for underwriters to purchase additional shares. The Company plans to list the Preferred Stock on the NYSE under the symbol 'EICC'.

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03/26/2024 04:15 PM

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Eagle Point Income Company Inc. Announces Offering of Preferred Stock

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Eagle Point Income Company Inc. announced a public offering of its Series C Term Preferred Stock, rated 'BBB' by Egan-Jones Ratings Company. The offering includes an option for underwriters to purchase additional shares and is expected to list on NYSE under the symbol 'EICC'.

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02/22/2024 08:00 AM

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Eagle Point Income Company Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

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Eagle Point Income Company Inc. reported strong financial results for Q4 2023 and full year 2023, with a significant increase in net asset value and net income. The company's NAV per common share increased by 2.2% to $14.39, and net investment income also saw a substantial rise. Additionally, the company increased its monthly common distribution by 11% to $0.20 per share, the highest in its history. The Company's CLO debt and equity portfolio showed a weighted average effective yield of 13.29% and an expected yield of 17.21%. For the full year 2023, the Company recorded GAAP net income of $29.3 million and received $29.0 million in recurring cash distributions from its investment portfolio. The Company also announced new monthly distributions for its common stock and preferred stocks.

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02/13/2024 04:35 PM

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Eagle Point Income Company Inc. Announces Second Quarter 2024 Common and Preferred Distributions

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Eagle Point Income Company Inc. (EIC) announces distributions on common stock and preferred stock. The company declared three distributions of $0.20 per share on common stock payable in April, May, and June 2024. Additionally, distributions were announced for the 5.00% Series A Term Preferred Stock due 2026 and the 7.75% Series B Term Preferred Stock due 2028.

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02/08/2024 04:15 PM

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Eagle Point Income Company Inc. Schedules Release of Fourth Quarter 2023 and Year-End 2023 Financial Results on Thursday, February 22, 2024

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Eagle Point Income Company Inc. plans to report financial results for the quarter and fiscal year ended December 31, 2023, on February 22, 2024. The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time). Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with other key personnel. Interested parties can participate via phone or internet, and a replay will be available for approximately 30 days.

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11/14/2023 08:00 AM

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Eagle Point Income Company Inc. Announces Third Quarter 2023 Financial Results

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Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announced strong financial results for Q3 2023, with an 8.3% increase in NAV per common share, NII of $0.38 per common share, and $14.1 million GAAP net income. The company also declared an 11% increase in monthly common distributions.

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11/08/2023 05:25 PM

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Eagle Point Income Company Inc. Announces 11% Increase in Common Stock Distributions for First Quarter 2024

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Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announces an 11% increase in monthly common stock distributions to $0.20 per share, reflecting sustained confidence in the company's outlook. The company also declares distributions on its Series A and Series B Term Preferred Stock.

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10/31/2023 04:15 PM

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Eagle Point Income Company Inc. Schedules Release of Third Quarter 2023 Financial Results on Tuesday, November 14, 2023

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Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) will report financial results for Q3 2023 on November 14, 2023. The conference call to discuss the results will be hosted by Thomas P. Majewski, Chairman and CEO, along with Lena Umnova, Chief Accounting Officer, and Daniel Ko, Portfolio Manager. Interested parties can participate via phone or internet, and an archived replay will be available on the company's website.

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08/15/2023 08:00 AM

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Eagle Point Income Company Inc. Announces Second Quarter 2023 Financial Results

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Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announced strong second-quarter 2023 financial results, including $0.49 NII per common share and a 13% increase in monthly common distributions. The company also issued new 7.75% Series B Preferred Stock, strengthening its balance sheet with $31 million in net proceeds. Portfolio activity through July 31, 2023, saw an estimated NAV per common share of $13.39-$13.49, $6.7 million in recurring cash distributions, and $10.2 million deployed into CLO debt and other investments.

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08/09/2023 05:00 PM

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Eagle Point Income Company Inc. Announces 13% Increase in Common Stock Distributions for Fourth Quarter 2023

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Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announces a 13% increase in monthly distributions on its common stock, with each distribution of $0.18 per share payable on October 31, November 30, and December 29, 2023. The company's outlook remains strong in the current rate environment, leading to the seventh increase in common distributions since 2020.

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FAQ

What is Eagle Point Income Company Inc.?

Eagle Point Income Company Inc. is a closed-end management investment company that focuses on generating high current income and capital appreciation.

What does Eagle Point Income Company Inc. 7.75% Series B Term Preferred Stock Due 2028 (EICB) offer?

EICB offers fixed income through dividend payouts set at an annual rate of 7.75% until 2028, making it ideal for income-focused investors.

What are the primary objectives of Eagle Point Income Company Inc.?

The primary objective is to generate high current income, with a secondary objective to achieve capital appreciation.

How does Eagle Point Income Company ensure financial stability?

The company invests in a diversified portfolio of income-generating assets and employs prudent investment strategies to ensure financial stability.

What recent achievements has Eagle Point Income Company made?

Recent achievements include successful capital raising and strategic investments that have strengthened its asset base.

Who manages Eagle Point Income Company?

A team of experienced professionals adept at optimizing investment portfolios and navigating market fluctuations manages the company.

What current projects is Eagle Point Income Company involved in?

Current projects include expanding the investment portfolio to include a wider range of income-generating assets to enhance returns.

What kind of partnerships does Eagle Point Income Company have?

The company partners with financial institutions and investment firms to bolster its market position and growth avenues.

How does Eagle Point Income Company communicate with its stakeholders?

The company frequently updates its stakeholders with the latest developments to ensure transparency and build trust.

What is the significance of Eagle Point Income Company's investment approach?

The company’s strategic investment approach ensures high levels of income distribution and positions it as a significant player in the investment domain.