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Eagle Point Income Company Inc. Prices Offering of Preferred Stock

Retrieved on:

Wednesday, March 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:

Tuesday, March 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.

SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations

Retrieved on:

Friday, February 16, 2024

Annual report, NRSRO, Credit, Security (finance), Congress, Commission

Washington, D.C.--(Newsfile Corp. - February 16, 2024) - The Securities and Exchange Commission’s Office of Credit Ratings published its annual Staff Report to Congress today on Nationally Recognized Statistical Rating Organizations (NRSROs), commonly known as credit rating agencies, to provide findings on its examinations of the agencies, and to discuss the state of competition, transparency, and conflicts of interest among them.

Key Points:

Washington, D.C.--(Newsfile Corp. - February 16, 2024) - The Securities and Exchange Commission’s Office of Credit Ratings published its annual Staff Report to Congress today on Nationally Recognized Statistical Rating Organizations (NRSROs), commonly known as credit rating agencies, to provide findings on its examinations of the agencies, and to discuss the state of competition, transparency, and conflicts of interest among them.
“The oversight of Nationally Recognized Statistical Rating Organizations is critical to the Commission's focus on investor protection,” said SEC Chair Gary Gensler.
The SEC’s Office of Credit Ratings examines credit rating agencies to promote compliance with applicable federal securities laws and rules by identifying potential instances of non-compliance by credit rating agencies.
It provides its findings to Congress and the public in its annual Staff Report.

John Hancock Investment Management Files Initial Registration Statement for New High Yield ETF Subadvised by Marathon Asset Management

Retrieved on:

Thursday, February 1, 2024

The new ETF will be subadvised by Marathon Asset Management LP and is subject to all applicable regulatory approvals.

Key Points:

The new ETF will be subadvised by Marathon Asset Management LP and is subject to all applicable regulatory approvals.
The ETF will be managed by Louis Hanover, Chief Investment Officer, and Michael Schlembach, Managing Director and Senior Portfolio Manager, Marathon Asset Management.
"We are excited to expand Marathon's partnership with John Hancock Investment Management by bringing our US high yield strategy to a broad range of investors with JHHY," said Bruce Richards, CEO and Chairman of Marathon Asset Management.
Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife Investment Management (US) LLC, Boston Partners, Dimensional Fund Advisors LP, or Marathon Asset Management.

Eagle Point Credit Company Inc. Prices Offering of Preferred Stock

Retrieved on:

Thursday, January 11, 2024

Professional Services, Data Analytics, Other Professional Services, Finance, Asset Management, Banking, ECC, Preferred stock, Fifth Avenue, ECCW, ECCC, 4th floor, Prospectus, EDGAR, Sale, NRSRO, ECCV, Security (finance), Egan-Jones Ratings Company

Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has priced an underwritten public offering of 1,400,000 shares of its 8.00% Series F 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 $33.6 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company.

Key Points:

Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has priced an underwritten public offering of 1,400,000 shares of its 8.00% Series F 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 $33.6 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 210,000 shares of Preferred Stock on the same terms and conditions.
The Preferred Stock offering is expected to close on January 18, 2024, subject to customary closing conditions.

Eagle Point Credit Company Inc. Announces Offering of Preferred Stock

Retrieved on:

Thursday, January 11, 2024

Banking, Other Professional Services, Professional Services, Finance, ECC, Fifth Avenue, ECCW, ECCC, 4th floor, Prospectus, EDGAR, Sale, NRSRO, ECCV, Security (finance), Egan-Jones Ratings Company

Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has commenced an underwritten public offering of its Series F Term Preferred Stock (the “Preferred Stock”).

Key Points:

Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has commenced an underwritten public offering of its Series F 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.

Credibly Announces Management Buyout

Retrieved on:

Tuesday, August 8, 2023

Credibly, a data science-driven fintech lending platform, is revolutionizing the delivery of capital to SMBs, enhancing speed, cost, and customer choice.

Key Points:

Credibly, a data science-driven fintech lending platform, is revolutionizing the delivery of capital to SMBs, enhancing speed, cost, and customer choice.
Offering an array of funding options, Credibly also provides partners access to its state-of-the-art data science capabilities.
Since its inception in 2010, Credibly has channeled over $2.0 billion in capital to more than 30,000 SMBs, always with an unwavering commitment to risk management and a culture of compliance.
Credibly also made history in 2017 as the first company in its field to acquire servicing rights to another alternative lender’s portfolio.

Eagle Point Income Company Inc. Announces Full Exercise and Closing of Underwriters’ Option in Offering of Preferred Stock

Retrieved on:

Thursday, August 3, 2023

Banking, Professional Services, Finance, Exercise, NRSRO, Fifth Avenue, Egan-Jones Ratings Company, EICA, Preferred stock, EDGAR, Sale, Prospectus, 4th floor, Security (finance), EIC, NYSE

The exercise of the option resulted in additional net proceeds to the Company of approximately $4.1 million after payment of underwriting discounts and commissions.

Key Points:

The exercise of the option resulted in additional net proceeds to the Company of approximately $4.1 million after payment of underwriting discounts and commissions.
The Preferred Stock is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency.
The Preferred Stock trades on the New York Stock Exchange under the symbol “EICB,” and the Preferred Stock issued pursuant to the underwriters’ option to purchase additional shares will trade under the same symbol.
Ladenburg Thalmann & Co. Inc. and B. Riley Securities, Inc. acted as joint book-running managers for the offering.

Eagle Point Income Company Inc. Prices Offering of Preferred Stock

Retrieved on:

Friday, July 21, 2023

Banking, Asset Management, Professional Services, Finance, NRSRO, Fifth Avenue, Egan-Jones Ratings Company, EICA, EDGAR, Sale, Prospectus, Preferred stock, 4th floor, Security (finance), EIC, NYSE

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA) today announced that it has priced an underwritten public offering of 1,130,500 shares of its 7.75% Series B Term Preferred Stock due 2028 (the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $27.1 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) today announced that it has priced an underwritten public offering of 1,130,500 shares of its 7.75% Series B Term Preferred Stock due 2028 (the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $27.1 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.
The offering is expected to close on July 26, 2023, subject to customary closing conditions.
The Company has granted the underwriters a 30-day option to purchase up to an additional 169,575 shares of Preferred Stock.

Eagle Point Income Company Inc. Announces Offering of Preferred Stock

Retrieved on:

Wednesday, July 19, 2023

Banking, Asset Management, Professional Services, Finance, NRSRO, Fifth Avenue, Egan-Jones Ratings Company, EICA, EDGAR, Sale, Prospectus, Preferred stock, 4th floor, Security (finance), EIC, NYSE

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

Key Points:

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA) today announced that it has commenced an underwritten public offering of its Series B 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 to cover overallotments, if any.