Karpus Management, Inc. filed Amendment No. 3 to Schedule 13G reporting a passive stake in Eagle Point Institutional Income Fund Preferred shares (CUSIP 269819207).
Karpus reports beneficial ownership of 244,491 shares, representing 19.72% of the class as of 09/30/2025. The firm has sole voting and sole dispositive power over 244,491 shares, with no shared power.
The filing states the securities are owned directly by accounts managed by Karpus. Karpus is a registered investment adviser and is controlled by City of London Investment Group plc, with informational barriers in place; voting and investment power are exercised independently by Karpus. The certification indicates the position was acquired and is held in the ordinary course and not for the purpose of changing or influencing control.
Eagle Point Institutional Income Fund preferred shares (CUSIP 269819207) are reported as beneficially owned by Karpus Management, Inc. for accounts it manages. Karpus holds 293,852 shares, representing 23.70% of the class, with sole voting and dispositive power over those shares. The filing states Karpus is a registered investment adviser organized in New York and notes it is controlled by City of London Investment Group plc but that effective informational barriers preserve Karpus's independent voting and investment authority. The report certifies the shares were acquired and are held in the ordinary course of business.
Form 3 filing for Eagle Point Institutional Income Fund (symbol: EIIA) discloses that Chris C. Stroup, an affiliated person of the investment adviser, currently reports no direct or indirect beneficial ownership of the fund’s 8.125% Series A Term Preferred Shares due 2029. The filing, dated 06/27/2025 for the event on 06/18/2025, is made as a single-reporting-person submission and contains no listed non-derivative or derivative securities. As such, the document is largely administrative, confirming Stroup’s insider status without indicating any economic stake.
Form 4 Overview – Eagle Point Institutional Income Fund (EIIA)
- Filing date: 24 June 2025; earliest transaction date stated as the same day.
- Reporting person: Scott Jonathan Bronner, identified as an affiliate of the Fund’s investment adviser; the Form indicates the “Other” relationship status.
- Tables I & II list no acquisitions, dispositions, or derivative positions; the filing specifically notes “No securities beneficially owned.”
- Remark section discloses that, as of 18 June 2025, Bronner is no longer a member of the board of managers for the parent company of the issuer’s investment manager.
No share counts, prices, or financial metrics were supplied. Consequently, the filing appears administrative, documenting a change in affiliate status rather than any trading activity.