Enstar Group Limited and Elk Insurance Holdings, LLC jointly report a significant passive ownership stake in Eagle Point Income Company, Inc. They beneficially own 3,819,656 common shares, representing 15.3% of the company’s outstanding common stock as of December 31, 2025.
The stake is held through Enstar’s wholly owned indirect subsidiaries: Clarendon National Insurance Company with 1,756,619 shares, Enstar Holdings (US) LLC with 1,824,309 shares, and Cavello Bay Reinsurance Limited with 238,728 shares. The 15.3% figure is based on 25,015,908 common shares outstanding as of September 30, 2025.
The reporting persons have shared voting and dispositive power over all 3,819,656 shares and no sole voting or dispositive power. They state that the securities were not acquired and are not held for the purpose of changing or influencing control of Eagle Point Income Company.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)
Eagle Point Income Company, Inc.
(Name of Issuer)
Common Shares, par value $0.001
(Title of Class of Securities)
269817102
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
269817102
1
Names of Reporting Persons
Enstar Group Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,819,656.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,819,656.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,819,656.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
15.3 %
12
Type of Reporting Person (See Instructions)
CO, HC
Comment for Type of Reporting Person: The percentage set forth in row (11) is calculated based upon 25,015,908 shares of the Issuer's Common Stock issued and outstanding as of September 30, 2025, as disclosed in the consolidated financial statements filed by the Issuer on November 13, 2025.
SCHEDULE 13G
CUSIP No.
269817102
1
Names of Reporting Persons
Elk Insurance Holdings, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,819,656.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,819,656.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,819,656.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
15.3 %
12
Type of Reporting Person (See Instructions)
CO, HC
Comment for Type of Reporting Person: The percentage set forth in row (11) is calculated based upon 25,015,908 shares of the Issuer's Common Stock issued and outstanding as of September 30, 2025, as disclosed in the consolidated financial statements filed by the Issuer on November 13, 2025.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Eagle Point Income Company, Inc.
(b)
Address of issuer's principal executive offices:
600 Steamboat Road, Suite 202, Greenwich, Connecticut, 06830
Item 2.
(a)
Name of person filing:
This Schedule 13G is being jointly filed by Enstar Group Limited ("Enstar") and Elk Insurance Holdings, LLC ("Elk Insurance").
(b)
Address or principal business office or, if none, residence:
The principal business address of Enstar is as follows:
A.S. Cooper Building, 4th Floor
26 Reid Street
Hamilton, Bermuda HM 11
The principal business address of Elk Insurance is as follows:
2100 McKinney Avenue, Suite 1500
Dallas, TX 75201
(c)
Citizenship:
Enstar is organized under the laws of Bermuda. Elk Insurance is organized under the laws of the State of Delaware.
(d)
Title of class of securities:
Common Shares, par value $0.001
(e)
CUSIP No.:
269817102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of December 31, 2025, (i) Clarendon National Insurance Company owns 1,756,619 shares of Common Stock of the Issuer, (ii) Enstar Holdings (US) LLC owns 1,824,309 shares of Common Stock of the Isuer, and (iii) Cavello Bay Reinsurance Limited owns 238,728 shares of Common Stock of the Issuer, each of which is a wholly-owned indirect subsidiary of Enstar, which is indirectly controlled by Elk Insurance. The sole shareholder of Enstar is Elk Bidco Limited. The sole owner of the ordinary shares of Elk Bidco Limited is Elk Parent Limited, which is wholly owned by Elk Intermediate Holdings, LLC, which is in turn wholly owned by Elk Topco, LLC. Elk Insurance Holdings owns 100% of the voting non-economic interests in Elk Topco, LLC. As a result Elk Insurance and certain intermediate holding companies set forth below under Item 7 may be deemed to beneficially own all of these shares. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that any Reporting Person is the beneficial owner of the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
(b)
Percent of class:
15.3% (based upon 25,015,908 shares of the Issuer's Common Stock issued and outstanding as of September 30, as disclosed in the consolidated financial statements filed by the Issuer on November 13, 2025).
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 5 of each cover page, which is hereby incorporated by reference.
(ii) Shared power to vote or to direct the vote:
See Item 6 of each cover page, which is hereby incorporated by reference.
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of each cover page, which is hereby incorporated by reference.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of each cover page, which is hereby incorporated by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Subsidiary:
Elk Topco, LLC
Elk Intermediate Holdings, LLC
Elk Parent Limited
Elk Bidco Limited
Enstar Group Limited
Kenmare Holdings Ltd.
Cavello Bay Reinsurance Limited
Enstar (US Asia-Pac) Holdings Limited
Enstar USA, Inc.
Enstar Holdings (US) LLC
Clarendon National Insurance Company
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What ownership stake in EIC does Enstar report on this Schedule 13G/A?
Enstar reports beneficial ownership of 3,819,656 Eagle Point Income Company common shares, representing 15.3% of the class. This percentage is calculated using 25,015,908 shares outstanding as of September 30, 2025, as disclosed in the issuer’s financial statements.
How is Enstar’s 3,819,656-share EIC position held across subsidiaries?
The 3,819,656-share position is held through Enstar subsidiaries: 1,756,619 shares by Clarendon National Insurance Company, 1,824,309 shares by Enstar Holdings (US) LLC, and 238,728 shares by Cavello Bay Reinsurance Limited, all wholly owned indirect subsidiaries.
Do Enstar and Elk Insurance control voting and disposition of EIC shares?
They report shared voting power and shared dispositive power over all 3,819,656 Eagle Point Income Company shares, and no sole voting or dispositive power. This indicates decisions over voting and selling are made jointly rather than individually by either reporting person.
Is Enstar’s 15.3% EIC stake intended to influence control of the company?
The filing states the securities were not acquired and are not held for the purpose of changing or influencing control of Eagle Point Income Company. It characterizes the position as passive under Schedule 13G rather than an activist or control-seeking investment.
What share count did Enstar use to calculate its 15.3% EIC ownership?
The 15.3% ownership figure is based on 25,015,908 Eagle Point Income Company common shares outstanding as of September 30, 2025. That share count comes from the issuer’s consolidated financial statements filed on November 13, 2025.
Who are the joint reporting persons on this EIC Schedule 13G/A filing?
The joint reporting persons are Enstar Group Limited, organized in Bermuda, and Elk Insurance Holdings, LLC, organized in Delaware. Elk Insurance indirectly controls Enstar through a chain of holding companies listed under Item 7 of the ownership disclosure.
