EAGLE PT INSTL INCOME FD Stock Price, News & Analysis

Eagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares due 2029 (NYSE: EIIA) represent a series of preferred shares issued by Eagle Point Institutional Income Fund (the “Fund”), a non-diversified closed-end management investment company in the financial services sector. The Fund’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. According to the Fund’s public disclosures, it seeks to achieve these objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations (CLOs) and is externally managed and advised by Eagle Point Credit Management LLC.

The 8.125% Series A Term Preferred Shares due 2029 are a class of preferred securities with a stated annual distribution rate of 8.125% based on a $25 liquidation preference per share. Public announcements describe regular distributions declared on these preferred shares, reflecting that fixed distribution rate. The Preferred Shares trade on the New York Stock Exchange under the ticker symbol EIIA, providing exchange-traded access to this preferred class of the Fund’s capital structure.

The Fund’s common shares of beneficial interest are not listed on any securities exchange, so EIIA offers a listed security tied to the Fund’s investment strategy in CLO equity and junior debt tranches. As a closed-end management investment company, Eagle Point Institutional Income Fund operates within the asset management industry, focusing on structured credit exposures through collateralized loan obligations as described in its public communications.

According to the Fund’s descriptions, the investment program centers on generating current income from its portfolio of CLO equity and junior debt tranches, with the potential for capital appreciation as a secondary goal. The Preferred Shares are linked to this underlying strategy, while also reflecting the specific terms of the 8.125% annual distribution rate and the $25 liquidation preference per share referenced in distribution announcements.

Business focus and investment objectives

The Fund states that its primary investment objective is to generate high current income. A secondary objective is to generate capital appreciation. To pursue these objectives, it indicates that it invests primarily in equity and junior debt tranches of CLOs. These tranches are identified in the Fund’s public materials as the main focus of its portfolio. The Fund is categorized as a non-diversified closed-end management investment company, which means its holdings may be more concentrated than those of a diversified fund, as described in its summary information.

The Preferred Shares (EIIA) are tied to this underlying investment strategy. Public distribution announcements emphasize the fixed annual distribution rate of 8.125% on the $25 liquidation preference per share. These characteristics define the economic terms of the Series A Term Preferred Shares due 2029 as disclosed in the Fund’s communications.

Capital structure and listed security

The Fund’s common shares of beneficial interest are described as not listed on any securities exchange. In contrast, the Preferred Shares trade on the New York Stock Exchange under the symbol EIIA. This distinction is explicitly noted in the Fund’s public press releases. As a result, EIIA provides exchange-traded exposure to the Fund’s preferred share class, while the common shares remain unlisted.

The Fund’s announcements regarding EIIA highlight:

• The 8.125% annual distribution rate based on a $25 liquidation preference per share.
• Regularly declared distributions on the Preferred Shares, with record and payable dates specified in each announcement.
• The fact that the Preferred Shares are listed and trade on the New York Stock Exchange under the ticker EIIA.

These points summarize how the Preferred Shares fit into the Fund’s overall capital structure as described in its public communications.

Management and advisory structure

The Fund states that it is externally managed and advised by Eagle Point Credit Management LLC. This means that portfolio management and advisory services are provided by an external investment adviser, as disclosed in the Fund’s descriptions. The Fund’s status as a closed-end management investment company and its external management arrangement place it within the asset management and investment fund segment of the financial services sector.

Distributions on the 8.125% Series A Term Preferred Shares

In multiple public announcements, Eagle Point Institutional Income Fund reports the declaration of quarterly distributions on the 8.125% Series A Term Preferred Shares due 2029. Each announcement lists:

• The amount per Preferred Share for each monthly distribution within a quarter.
• The record dates on which holders of the Preferred Shares must be on record to receive the distribution.
• The corresponding payable dates when the distributions are scheduled to be paid.

The Fund’s communications state that these distributions reflect an annual distribution rate of 8.125% of the $25 liquidation preference per share. This rate and liquidation preference are central terms of the Preferred Shares as described in the Fund’s public information.

Role of EIIA within the Fund’s structure

EIIA represents a specific series of term preferred shares with a defined distribution rate and liquidation preference, tied to the performance and income of the Fund’s investment portfolio. While the Fund’s common shares are not exchange-listed, the Preferred Shares provide a listed security that reflects the terms described in the Fund’s announcements. Investors and observers can see from these disclosures that EIIA is associated with a closed-end management investment company focused on CLO equity and junior debt tranches, with objectives centered on high current income and capital appreciation.

Key characteristics summarized

• Issuer: Eagle Point Institutional Income Fund, a non-diversified closed-end management investment company.
• Security: 8.125% Series A Term Preferred Shares due 2029.
• Ticker symbol: EIIA, trading on the New York Stock Exchange.
• Stated annual distribution rate: 8.125% of the $25 liquidation preference per share, as described in distribution announcements.
• Investment objectives of the Fund: primary objective of generating high current income; secondary objective of generating capital appreciation.
• Investment focus of the Fund: primarily equity and junior debt tranches of collateralized loan obligations.
• Management: externally managed and advised by Eagle Point Credit Management LLC.
• Common shares: common shares of beneficial interest in the Fund are not listed on any securities exchange, according to the Fund’s disclosures.

FAQs about Eagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares (EIIA)

What is Eagle Point Institutional Income Fund?
The Fund is described as a non-diversified closed-end management investment company. Its primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation.

What are the 8.125% Series A Term Preferred Shares due 2029?
They are a series of preferred shares issued by the Fund. Public announcements state that these Preferred Shares carry an annual distribution rate of 8.125% of a $25 liquidation preference per share and are due 2029.

Where do the EIIA Preferred Shares trade?
The Fund’s communications specify that the 8.125% Series A Term Preferred Shares due 2029 trade on the New York Stock Exchange under the ticker symbol EIIA.

What is the investment objective of the Fund associated with EIIA?
According to the Fund, the primary objective is to generate high current income, and the secondary objective is to generate capital appreciation. These objectives apply to the Fund that issued the EIIA Preferred Shares.

What does the Fund invest in to pursue its objectives?
The Fund states that it seeks to achieve its investment objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations.

Who manages Eagle Point Institutional Income Fund?
The Fund is externally managed and advised by Eagle Point Credit Management LLC, as disclosed in its public descriptions.

Are the Fund’s common shares listed on an exchange?
The Fund’s public information notes that its common shares of beneficial interest are not listed on any securities exchange.

How are distributions on EIIA described?
In its announcements, the Fund reports regular distributions on the Preferred Shares, with each distribution reflecting an annual distribution rate of 8.125% of the $25 liquidation preference per share and specifying record and payable dates.