Eagle Point Income Company Inc.
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- Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB, EICC) is an externally managed, diversified closed-end management investment company registered under the Investment Company Act of 1940 whose primary objective is to generate high current income, with a secondary objective to generate capital appreciation; it achieves these objectives by investing primarily in junior debt tranches—predominantly those rated BB or equivalent—of collateralized loan obligations (CLOs) backed by below-investment-grade U.S. senior secured loans across diverse industry sectors and borrowers, while also allocating up to 35% of total assets at the time of investment to CLO equity securities and related instruments such as loan accumulation facilities, senior CLO debt tranches, synthetic investments including significant risk transfer and credit risk transfer securities, and other securitization vehicles like collateralized bond obligations. Headquartered in Greenwich, Connecticut and founded in 2018, the company operates in the alternative investment sector targeting institutional and high-net-worth investors seeking income-oriented strategies; its portfolio as of late 2025 comprises approximately 135 CLO positions with a weighted average effective yield of around 12-13% based on amortized cost or market value, generating strong recurring cash flows from portfolio distributions; Eagle Point Income Management LLC serves as its specialized CLO-focused adviser with over $12 billion in assets under management including affiliates. The company issues multiple preferred stock series for leverage including 5.00% Series A Term Preferred Stock due 2026 (EICA, $38 million par outstanding), 7.75% Series B Term Preferred Stock due 2028 (EICB, $43.2 million par), and 8.00% Series C Term Preferred Stock due 2029 (EICC, $50.3 million par, issued in 2024 for $35 million), alongside a $25 million revolving credit facility with leverage typically maintained at 25-35% of total assets less current liabilities and a dividend reinvestment plan for common shares. Recent developments include full redemption of its 7.75% Series B Term Preferred Stock announced in November 2025 to optimize capital structure amid Federal Reserve rate cuts; an expansion of its common stock repurchase program to $60 million with $27.2 million remaining available as of October 31, 2025 to enhance NAV per share; deployment of $295.6 million in gross capital into CLO debt and equity during 2024 at attractive yields of 10.82% for debt and 18.3% for equity; raising $152 million of common equity via at-the-market and committed equity programs accretive to NAV by $0.22 per share; declaration of monthly common distributions lowered to $0.11 per share for first-quarter 2026 reflecting rate impacts; and as of October 31, 2025, $67.7 million in cash and revolver capacity available alongside an estimated NAV per common share of $13.94-$14.04.
EICA: Has Run Its Course, Monitoring For Price Distortions (Downgrade)
Eagle Point Income Company Inc (EIC) Q1 2026 Earnings Call Transcript
EICA: Eagle Point Income's Remaining Term Preferred
Eagle Point Income Company Inc (EIC) Q4 2025 Earnings Call Transcript
EICA: Nothing Wrong With Boring
Eagle Point Income: The Bumpy Ride Continues
Eagle Point Income: Why I Own A Combination Of The Common And Preferred Shares
Eagle Point Income Co Inc (EIC) Q3 2025 Earnings Call Transcript
Eagle Point Income: Discovering 8% Yield In Uncertain Times
EICA: One Year Left, 6.24% YTM
5 Closed-End Fund Buys In The Month Of July 2025
Eagle Point Income Co Inc (EIC) Q2 2025 Earnings Call Transcript
Eagle Point Income: Attractively Price Amid CLO Volatility
Eagle Point Income: 12% Not Enough To Justify Risks And Likely Future Cuts
Closed-End Funds: Screening For Potential Opportunities To Kick Off H2 2025
CEF Weekly Review: Defining Overdistribution