Eagle Point Income (NYSE: EIC) calls entire 8.00% Series C preferred stock
Eagle Point Income Company Inc. has elected to redeem all 4,173,076 outstanding shares of its 8.00% Series C Term Preferred Stock due 2029. The company has instructed its redemption agent, Equiniti Trust Company, LLC, to complete the redemption on April 6, 2026.
Each share of Series C Term Preferred Stock will be redeemed at $25 per share, plus all unpaid dividends and distributions accumulated to, but excluding, the redemption date, without interest. This notice describes the company’s election and timing but is not itself the formal notice of redemption to holders.
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Insights
EIC plans full redemption of its 8.00% Series C preferred shares.
Eagle Point Income Company Inc. is choosing to redeem in full 4,173,076 shares of its 8.00% Series C Term Preferred Stock due 2029. Holders are to receive
This action removes an 8.00% preferred layer from the capital structure. The filing does not detail how the redemption will be funded or any replacement capital, so the overall impact on leverage and liquidity depends on information outside this excerpt.
Investors may focus on how the company discusses this redemption and any related financing or balance sheet effects in subsequent periodic reports covering periods after
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
Eagle Point Income Company Inc.
(Exact name of Registrant as specified in its charter)
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
(Address of Principal Executive Offices) (Zip Code)
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 8.01. | Other Events |
On February 26, 2026, Eagle Point Income Company Inc. (the “Company”) notified Equiniti Trust Company, LLC, the redemption agent (the “Redemption Agent”) for the Company’s 8.00% Series C Term Preferred Stock due 2029 (the “Series C Term Preferred Stock”), of the Company’s election to redeem in full the 4,173,076 outstanding shares of Series C Term Preferred Stock and instructed the Redemption Agent to provide notice of such redemption to the holders of the Series C Term Preferred Stock. The Company expects the redemption to be completed on April 6, 2026 (the “Redemption Date”). The redemption price per share will be $25 plus an amount equal to all unpaid dividends and distributions on each share accumulated to, but excluding, the Redemption Date, without interest. This Current Report on Form 8-K does not constitute a notice of redemption of the Series C Term Preferred Stock.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Eagle Point Income Company Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Eagle Point Income Company Inc. | ||
| Date: February 26, 2026 | By: | /s/ Kenneth P. Onorio |
| Kenneth P. Onorio | ||
| Chief Financial Officer | ||
FAQ
What did Eagle Point Income Company Inc. (EIC) announce in this Form 8-K?
How many Series C preferred shares is Eagle Point Income Company (EIC) redeeming?
What is the redemption price for EIC’s 8.00% Series C Term Preferred Stock?
When will the redemption of Eagle Point Income’s Series C preferred stock occur?
Who is handling the redemption of EIC’s Series C preferred shares?
Does this Form 8-K itself serve as the redemption notice for EIC’s Series C preferred?
Filing Exhibits & Attachments
4 documents