Eagle Point Institutional Income Fund
EIIA
New York Stock Exchange25.24
USD
+0.00
(-0.12%)
CIK
0001896036
ISIN
US2698192075
CUSIP
269819207
Return %
Stock
S&P500
1Y
0.92
26.53
3Y
1.98
76.60
5Y
1.98
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Thomas Philip Majewski
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 600 Steamboat Road Greenwich CT United States of America 06830
- IPO Date
- Oct 10, 2024
- CIK
- 0001896036
- Website
- epiif.com
- Similar Companies
- Business
- Eagle Point Institutional Income Fund is a closed-end management investment company specializing in generating high current income with a secondary objective of capital appreciation. The Fund primarily invests in equity and junior debt tranches of collateralized loan obligations (CLOs) that are collateralized by portfolios consisting mainly of U.S. first lien, floating rate senior secured loans from numerous distinct borrowers across various industry sectors and below investment grade ratings. It provides investors with access to these pools of floating rate, senior secured loans through CLOs, offering monthly distribution payments targeted to income-focused investors. The Fund’s core products and services include investments in CLO equity and debt tranches, loan accumulation facilities, and subordinated notes associated with CLOs. It offers preferred shares listed on the New York Stock Exchange under the ticker symbol EIIA, including Series A Term Preferred Shares with an annual distribution rate of 8.125%. The Fund also offers a distribution reinvestment plan and quarterly share repurchase offers. It is externally managed and advised by Eagle Point Credit Management LLC, which specializes in CLO securities and related investments. Recently, Eagle Point Institutional Income Fund reached a total asset milestone exceeding $200 million and delivered its 35th consecutive monthly distribution payment, underscoring consistent income generation. In 2025, the Fund completed a private placement of Series B Term Preferred Shares, resulting in $29 million net proceeds, reflecting capital-raising activities to support its investment strategy. The Fund also announced preferred share distributions for the first quarter of 2026, maintaining an active shareholder distribution policy. Additionally, it has been added to the Schwab Alternative Investment OneSource platform, enhancing its accessibility to a wider investor base. Founded in 2018 and headquartered in Greenwich, Connecticut, the Fund operates primarily in the United States market. It serves institutional and individual investors seeking exposure to CLO-related income-generating assets within the non-diversified closed-end fund structure. The Fund’s investment approach involves diversification across various CLOs and underlying borrowers to mitigate risk while targeting stable income returns. Eagle Point Institutional Income Fund's strategic expansions, capital raising through preferred share offerings, and milestone achievements reflect ongoing operational growth and commitment to income-focused investment objectives within the U.S. collateralized loan obligation market. It remains focused on delivering high current income products anchored in floating rate senior secured loans through structured CLO investments.
Eagle Point Institutional Income Fund Announces First Quarter 2026 Preferred Share Distributions
Eagle Point Institutional Income Fund Announces Fourth Quarter 2025 Preferred Share Distributions
Eagle Point Institutional Income Fund Announces Third Quarter 2025 Preferred Share Distributions
Eagle Point Institutional Income Fund Announces First Quarter 2025 Preferred Share Distributions
New Preferred Stock And Exchange Traded Debt IPOs, October 2024
Preferreds Weekly Review: A Mix Of New Issuance