Karpus reports 6.63% passive stake in Eagle Point Income preferred
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Rhea-AI Filing Summary
Karpus Management, Inc., doing business as Karpus Investment Management, filed an amended Schedule 13G reporting a passive ownership stake in the preferred shares of Eagle Point Income Co Inc. Karpus reports beneficial ownership of 173,736 preferred shares, representing 6.63 % of that class. It has sole power to vote and dispose of all of these shares and no shared voting or dispositive power.
The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company, consistent with a passive investment adviser position.
FAQ
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What percentage of Eagle Point Income Co Inc. preferred stock does Karpus Management own?
Karpus reports that its 173,736 preferred shares represent 6.63 % of the outstanding preferred class.
AI-generated analysis. How Rhea-AI works. Not financial advice.