Eagle Point Income Company Inc

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Eagle Point Income Company (EIC) reports robust Q2 performance and eyes lucrative investment opportunities

Eagle Point Income Company demonstrated resilience and growth in Q2 2024, leveraging its strong balance sheet and proactive investment approach. Despite minor challenges, the company remains focused on seizing opportunities in the market to drive shareholder value.

Eagle Point Income Company reports strong Q3 performance and growth outlook

Eagle Point Income Company demonstrated robust performance with strong net investment income and realized gains in Q3 2024.
Despite challenges in market dynamics and uncertainties, EIC's focus on high-yielding investments and efficient capital structure presents growth opportunities.
With a resilient portfolio position and attractive distribution yield, EIC remains poised for future growth and value creation.

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The full company name is Eagle Point Income Co., Inc.

Eagle Point Income offers a high monthly distribution with a yield of 15.4%. EIC has outperformed the S&P 500 in terms of total return, thanks to its high cash flow and distributions. The price of EIC currently trades below its average premium to NAV, indicating a potential opportunity for entry.

Eagle Point Income: A Less Risky CLO Alternative To ECC

Carlyle Credit Income Fund

We review CEF market valuation and performance through the first week of April and highlight recent market action. CEFs had an off week as stocks and Treasuries fell, but March was the best month of the year so far. CLO CEFs are locking in relatively high leverage costs, which will push their net income levels lower over the next couple of years as the Fed cuts rates.

CEF Weekly Review: Some Funds Are Locking In High Leverage Costs

Trinity Capital

We take a look at the action in preferreds and baby bonds through the last week of March and highlight some of the key themes we are watching. Preferreds underperformed this week, primarily due to REITs, but the broader space still had a positive total return over March. New issuance tends to come in at higher yields to existing, providing an attractive opportunity for investors.

Preferreds Weekly Review: New Issuance Is Cheap To Existing

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--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 C.

Eagle Point Income Company Inc. Prices Offering of Preferred Stock

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--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 Com.

Eagle Point Income Company Inc. Announces Offering of Preferred Stock

Eagle Point Income reported strong Q4 results with net investment income of $5.55M. The company issued new shares, reducing concerns about the asset coverage ratio for the term preferred shares. The 2026 term preferred shares offer a pro forma yield to maturity of approximately 7.5-7.6%, making them an appealing investment.

Eagle Point Income: Common Shares Yield 15%, 7.5% Yield On Preferred Shares

Eagle Point Income Company Inc. (EIC) Q4 2023 Earnings Call Transcript

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--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. “During the quarter, we generated net income comfortably.

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

Oxford Lane Capital

I invest for income and my investments align with my goals. We look at Oxford Lane Capital's latest quarterly results to determine if it keeps meeting my goals. Eagle Point Income Co Inc is a lower-risk CLO alternative.

Stop Buying These 2 +15% Yields For The Wrong Reasons

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today is pleased to announce the declaration of distributions on shares of the Company's common stock. The Company has declared three separate distributions of $0.20 per share on its common stock payable on each of April 30, 2024, May 31, 2024 and June 28, 2024 to stockholders of record as of April 10, 2024, May 13, 2024 and June 10, 2024, respectively. The following schedule applies to th.

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

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--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 Acco.

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

EICA is a baby bond issued by Eagle Point with a $25 par value and a maturity date of October 2026.

EICA: A Great Deal To Like About This 8% 2-Year Baby Bond

Aberdeen Standard Global Infr Inc Fd

Blackrock ESG Capital Allocation Trust

RiverNorth Opportunities Fund, Inc.

Special Opportunities Fund Inc

Several high-yielding closed-end funds have announced increased monthly distributions for 2024. The funds mentioned have a forward annual yield exceeding 10%, except for one that yields 9.5%.

5 High Yield CEFs That Raised Distributions In 2024

Eagle Point Income offers attractive 2026 term preferred shares with a 5% dividend yield and a yield to maturity of approximately 8%. The company has a strong asset coverage level and is able to cover its preferred dividend payments with just 24% of its adjusted net investment income. Eagle Point Income's common shares, EICA shares, and EICB all offer attractive investment opportunities.

Eagle Point Income: The 2026 Term Preferred Shares Offer A 8% YTM

XAI Octagon Floating Rate & Alternative Income Term Trust

We take a look at the action in preferreds and baby bonds through the fourth week of November and highlight some of the key themes we are watching. Preferred stocks have given back some of their month-to-date returns, but all sectors remained in the green in November. Term preferreds, with lower duration and attractive yields, have delivered positive returns since the rise in interest rates in 2022.

Preferreds Weekly Review: Term Preferreds Deliver On The Promise

EICB is a preferred equity series issued by a closed-end fund focused on junior CLO tranches (CLO debt and equity), tranches primarily rated below investment grade. EIC utilizes a combination of a small bank facility and two series of term preferred equity for leverage, shifting toward more reliance on preferred equity. This preferred equity matures in July 2028, offering a current yield of 7.79%. Optional redemption begins in July 2025.

EICB: Covered 7.8% Yield From This CEF Preferred Equity

Eagle Point Income Co Inc is a high-yield income fund that offers monthly distributions and strong total returns. Eagle Point holds a higher percentage of CLO debt and a small percentage of CLO equity, making it an attractive investment for income investors. The closed-end fund has a strong track record, with a total return of over 45% in the past 3 years, outperforming benchmarks like the SPY and Invesco Senior Loan ETF.

EIC: 15% Annual Returns For Past 3 Years And Still Soaring

Eagle Point Income Co Inc (EIC) Q3 2023 Earnings Call Transcript

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--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. “We had an excellent third quarter across the board, as our net asset value increased significantly, our portfolio generated another quarter-over-quarter increase in cash flows and we further strengthened our balance sheet through a new fixed-rate preferred s.

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

GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today is pleased to announce the declaration of distributions on shares of the Company's common stock. The Company has declared three separate distributions of $0.20 per share on its common stock payable on each of January 31, 2024, February 29, 2024 and March 28, 2024 to stockholders of record as of January 11, 2024, February 9, 2024 and March 8, 2024, respectively. This reflects an incre.

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

Ares Capital

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2 Magnificent Dividends To Generate Recurrent Passive Income

GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it plans to report financial results for the quarter ended September 30, 2023 on Tuesday, November 14, 2023. 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,.

Eagle Point Income Company Inc. Schedules Release of Third Quarter 2023 Financial Results on Tuesday, November 14, 2023

BlackRock Health Sciences Trust II

MFS High Yield Municipal Trust

DoubleLine Yield Opportunities Fund

Eagle Point Credit

OFS Credit Company Inc

We review CEF market valuation and performance through the third week of October and highlight recent market action. All CEF sector NAVs were down on the week, while only three sectors managed to tighten. Investor should not take CEF performance against benchmarks at face value.

CEF Weekly Review: Be Careful With CEF Benchmarks

Eagle Point Income focuses on CLO debt and has two series of preferred shares outstanding. The newly issued term preferred stock has an attractive fixed preferred dividend and the standard 200% minimum asset coverage level. The company's asset coverage ratio decreased after the preferred stock offering, but the use of an ATM program helps maintain a safe asset base.

Eagle Point Income: I'm A Buyer Of The 7.75% Preferred Shares

Blackstone Strategic Credit Fund

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

We review CEF market valuation and performance through the third week of September and highlight recent market action. Most sectors saw NAV gains, but discounts widened, particularly in the Covered Call and Equity sectors. Invesco trimmed distributions on many CEFs including IHIT, potentially indicating a termination of this CMBS 2023 term fund.

News for Eagle Point Income Company Inc ETF (EIC)