[SCHEDULE 13G/A] Eagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares Due 2029 SEC Filing

Rhea-AI Filing Summary

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.

Positive

• Large disclosed stake: Karpus reports ownership of 293,852 shares (23.70%) of the preferred class
• Clear voting/dispositive control: Karpus states sole voting and sole dispositive power over the reported shares

Negative

• Concentration risk: A single reporting person holds 23.70% of the class, which is a significant concentration in this security class

Insights

Securities Analyst

TL;DR: A 23.7% position by an investment adviser is material but flagged as managed accounts, not a control intent.

Karpus Management discloses a substantial 23.70% stake in the preferred class and asserts sole voting and dispositive power over 293,852 shares. As a registered investment adviser, Karpus's disclosure follows Schedule 13G treatment, indicating passive or ordinary-course holdings rather than an active control intent. Investors should note the size of the position relative to the class, the adviser structure, and the stated informational barriers with its parent, which the filer cites to avoid attribution.

Corporate Governance Expert

TL;DR: Large ownership is disclosed with certification it is not intended to influence control; governance implications are limited by the filing's assertions.

The filing documents sole voting and dispositive power for Karpus over the reported shares and includes a certification that the holdings were not acquired to change or influence control. The statement about informational barriers with City of London Investment Group plc is relevant to attribution but is presented as an internal governance measure rather than a regulatory determination. The filing is routine for a large passive position in a single security class.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Eagle Point Institutional Income Fund

(Name of Issuer)

Preferred

(Title of Class of Securities)

269819207

(CUSIP Number)

06/30/2025

(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. 269819207

1

Names of Reporting Persons

KARPUS MANAGEMENT, INC.

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

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 293,852.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 293,852.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

293,852.00

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)

23.70 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Eagle Point Institutional Income Fund
(b)	Address of issuer's principal executive offices: 600 Steamboat Road, Suite 202, Greenwich, CT 06830
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534.
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Preferred
(e)	CUSIP No.: 269819207
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: 293,852.00
(b)	Percent of class: 23.70 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 293,852.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 293,852.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
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.
	Not Applicable
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 acquired and are held in the ordinary course of business and 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.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	08/14/2025

FAQ

What stake does Karpus Management (EIIA) report owning?

Karpus reports owning 293,852 shares, equal to 23.70% of the preferred class (CUSIP 269819207).

Does Karpus have voting control over the reported shares of EIIA?

Yes. The filing states Karpus has sole voting power and sole dispositive power over the 293,852 shares.

Is Karpus filing this Schedule 13G as an investment adviser?

Yes. The filing identifies Karpus as a registered investment adviser and classifies the filer as IA.

Does the filing indicate Karpus intends to influence control of the issuer?

No. The certification states the securities were acquired and are held in the ordinary course of business and not to change or influence control.

What relationship is disclosed between Karpus and City of London Investment Group?

The filing states Karpus is controlled by City of London Investment Group plc but asserts effective informational barriers have been established so Karpus exercises voting and investment power independently.