NYSE:EICA

Eagle Point Income Company Inc. Announces First Quarter 2024 Financial Results; Awarded “Best Public Closed-End CLO Fund” by Creditflux

Retrieved on: 
Martedì, Maggio 21, 2024
Banking, Asset Management, Professional Services, Finance, CLO, Investment, Public, NAV, NII, EICC, Depreciation, GAAP, Environment, EICA, EIC, Security (finance)

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended March 31, 2024 and certain additional activity through April 30, 2024.

Key Points: 
  • Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended March 31, 2024 and certain additional activity through April 30, 2024.
  • “It was another excellent quarter for Eagle Point Income Company, as the portfolio continued to generate strong cash flows and income for our shareholders,” said Thomas P. Majewski, Chairman and Chief Executive Officer.
  • The common stock issuance resulted in $0.05 per share of NAV accretion for the quarter ended March 31, 2024.
  • As of April 30, 2024, the Company had $38.1 million of cash and capacity on its revolving credit facility available for investment.

Eagle Point Income Company Inc. Announces Third Quarter 2024 Common and Preferred Distributions

Retrieved on: 
Mercoledì, Maggio 15, 2024
Asset Management, Professional Services, Finance, Calendar, Form 1099

Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital.

Key Points: 
  • Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital.
  • The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2024 calendar year.
  • The Company is also pleased to announce the declaration of distributions on shares of the Company’s 5.00% Series A Term Preferred Stock due 2026 (the “Series A Term Preferred Stock”), the Company’s 7.75% Series B Term Preferred Stock due 2028 (the “Series B Term Preferred Stock”) and the Company’s 8.00% Series C Term Preferred Stock due 2029 (the “Series C Term Preferred Stock”) as follows:

Eagle Point Income Company Inc. Schedules Release of First Quarter 2024 Financial Results on Tuesday, May 21, 2024

Retrieved on: 
Martedì, Maggio 7, 2024
Professional Services, Finance, Investment, EICA, Telephone, EICC, Conference, EIC, Eastern Time Zone

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter ended March 31, 2024 on Tuesday, May 21, 2024.

Key Points: 
  • Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter ended March 31, 2024 on Tuesday, May 21, 2024.
  • The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time).
  • Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with Lena Umnova, the Investment Adviser’s Chief Accounting Officer, and Daniel Ko, Portfolio Manager.
  • All participants are asked to dial-in to the conference call 10 to 15 minutes prior to the call so that their name and company information can be collected.

Eagle Point Income Company Inc. Prices Offering of Preferred Stock

Retrieved on: 
Mercoledì, Marzo 27, 2024
Banking, Asset Management, Professional Services, Finance, EICA, EDGAR, Sale, Security (finance), NRSRO, Prospectus, Preferred stock, EIC, Egan-Jones Ratings Company, 4th floor, Fifth Avenue

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it has priced an underwritten public offering of 1,220,000 shares of its 8.00% Series C Term Preferred Stock due 2029 (the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $29.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company.

Key Points: 
  • Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it has priced an underwritten public offering of 1,220,000 shares of its 8.00% Series C Term Preferred Stock due 2029 (the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $29.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company.
  • The Preferred Stock is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency.
  • In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 183,000 shares of Preferred Stock on the same terms and conditions.
  • The Preferred Stock offering is expected to close on April 3, 2024, subject to customary closing conditions.

Eagle Point Income Company Inc. Announces Offering of Preferred Stock

Retrieved on: 
Martedì, Marzo 26, 2024
Banking, Asset Management, Professional Services, Finance, EICA, EDGAR, Sale, Security (finance), NRSRO, Prospectus, EIC, Egan-Jones Ratings Company, 4th floor, Fifth Avenue

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it has commenced an underwritten public offering of its Series C Term Preferred Stock (the “Preferred Stock”).

Key Points: 
  • Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it has commenced an underwritten public offering of its Series C Term Preferred Stock (the “Preferred Stock”).
  • The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters.
  • The Preferred Stock is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency.
  • In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions.

Eagle Point Income Company Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Giovedì, Febbraio 22, 2024
Banking, Asset Management, Professional Services, Finance, EIC, Investment, NAV, CLO, GAAP, History, EICA, NII, Bank

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced financial results for the quarter and full year ended December 31, 2023 and certain additional activity through February 15, 2024.

Key Points: 
  • Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced financial results for the quarter and full year ended December 31, 2023 and certain additional activity through February 15, 2024.
  • “Eagle Point Income Company capped off an outstanding 2023 with another quarter of strong cash flows and growing net assets,” said Thomas P. Majewski, Chairman and Chief Executive Officer.
  • We grew our net asset value per share by over 2% for the quarter and 11% for the full year.
  • For the fiscal year ended December 31, 2023, the Company recorded GAAP net income of $29.3 million.

Eagle Point Income Company Inc. Announces Second Quarter 2024 Common and Preferred Distributions

Retrieved on: 
Martedì, Febbraio 13, 2024
Banking, Asset Management, Professional Services, Finance, Form 1099, Calendar

Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital.

Key Points: 
  • Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital.
  • The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2024 calendar year.
  • The Company is also pleased to announce the declaration of distributions on shares of the Company’s 5.00% Series A Term Preferred Stock due 2026 (the “Series A Term Preferred Stock”) and the Company’s 7.75% Series B Term Preferred Stock due 2028 (the “Series B Term Preferred Stock”) as follows:

Eagle Point Income Company Inc. Schedules Release of Fourth Quarter 2023 and Year-End 2023 Financial Results on Thursday, February 22, 2024

Retrieved on: 
Giovedì, Febbraio 8, 2024
Banking, Asset Management, Professional Services, Finance, Conference, Eastern Time Zone, EIC, Telephone, EICA, Investment

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it plans to report financial results for the quarter and fiscal year ended December 31, 2023 on Thursday, February 22, 2024.

Key Points: 
  • Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it plans to report financial results for the quarter and fiscal year ended December 31, 2023 on Thursday, February 22, 2024.
  • The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time).
  • Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with Lena Umnova, the Investment Adviser’s Chief Accounting Officer, and Daniel Ko, Portfolio Manager.
  • All participants are asked to dial-in to the conference call 10 to 15 minutes prior to the call so that their name and company information can be collected.

Eagle Point Income Company Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Martedì, Novembre 14, 2023
Banking, Professional Services, Finance, NYSE, CLO, NAV, Investment, Exercise, EIC, Common stock, EICA, NII, Depreciation, GAAP, Rare-earth element, Bank, Security (finance), Satellite navigation device

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced financial results for the quarter ended September 30, 2023 and certain additional activity through October 31, 2023.

Key Points: 
  • Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced financial results for the quarter ended September 30, 2023 and certain additional activity through October 31, 2023.
  • GAAP net income (inclusive of unrealized mark-to-market gains) of $14.1 million, or $1.51 per weighted average common share.
  • The common stock issuance resulted in $0.02 per share of NAV accretion for the quarter ended September 30, 2023.
  • FOURTH QUARTER 2023 PORTFOLIO ACTIVITY THROUGH OCTOBER 31, 2023 AND OTHER UPDATES
    NAV per common share is estimated to be between $13.60 and $13.70 as of October 31, 2023.

Eagle Point Income Company Inc. Announces 11% Increase in Common Stock Distributions for First Quarter 2024

Retrieved on: 
Mercoledì, Novembre 8, 2023
Finance, Data Analytics, Consulting, Professional Services, Other Professional Services, Form 1099, Security (finance)

Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital.

Key Points: 
  • Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital.
  • The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2024 calendar year.
  • “Given our sustained confidence in the Company’s outlook we are delighted to increase our monthly common distribution by 11% to $0.20 per common share,” said Thomas P. Majewski, Chairman and Chief Executive Officer.
  • The Company is also pleased to announce the declaration of distributions on shares of the Company’s 5.00% Series A Term Preferred Stock due 2026 (the “Series A Term Preferred Stock”) and the Company’s 7.75% Series B Term Preferred Stock due 2028 (the “Series B Term Preferred Stock”) as follows: