Karpus (EIC) discloses 6.63% beneficial ownership of Eagle Point Income preferred
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.
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FAQ
What did Karpus Management report in its Schedule 13G/A for EIC preferred shares?
Karpus Management, Inc. reported beneficial ownership of 173,736 preferred shares of Eagle Point Income Co Inc., representing 6.63 % of that class.
Is Karpus Management’s stake in Eagle Point Income Co Inc. (EIC) preferred shares passive or activist?
Karpus certified that the preferred shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Eagle Point Income Co Inc.
How much voting power does Karpus Management have over EIC preferred shares?
Karpus reports sole voting power over 173,736 preferred shares and no shared voting power, matching its reported beneficial ownership.
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.
Who signed the Schedule 13G/A for Karpus Management related to EIC?
The filing was signed by Jodi L. Hedberg, Chief Compliance Officer of Karpus Management, Inc.
Does Karpus Management share beneficial ownership of EIC preferred shares with City of London Investment Group?
The filing states that effective informational barriers exist between Karpus and City of London Investment Group plc, and that attribution of beneficial ownership between them is not required.