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Eagle Point Income Company Inc. (symbol: EIC) is a non-diversified, closed-end management investment company headquartered in Greenwich, Connecticut. The company’s primary investment objective is to generate high current income, with a secondary goal of achieving capital appreciation. EIC primarily invests in junior debt tranches of Collateralized Loan Obligations (CLOs), which are sophisticated financial instruments that pool together various loans and debt securities. This strategic focus on CLOs allows EIC to deliver robust income streams to its investors.
The company also has the flexibility to invest up to 20% of its total assets in CLO equity securities and related instruments. This diversification within its investment portfolio helps mitigate risk while seeking higher returns. EIC is externally managed by Eagle Point Income Management LLC, a specialist in CLO investments, which brings expert oversight and management to the company's portfolio.
Recent achievements include strong financial performance despite market volatility. The company has successfully navigated economic fluctuations, maintaining a resilient portfolio that continues to generate high-income yields. With a commitment to transparency and shareholder value, EIC regularly updates its investors through detailed reports and earnings calls.
Current projects involve further diversification of its investment portfolio and exploring new opportunities within the CLO market. By leveraging its deep industry expertise and prudent management, EIC aims to enhance its income-generating capabilities while maintaining a strong focus on capital preservation and appreciation.
Eagle Point Income Company Inc. stands out in the investment landscape due to its specialized focus on CLO investments and its structured approach to achieving high current income for its investors. With a solid track record and a clear strategic vision, EIC continues to be a significant player in the investment management sector.
Eagle Point Income Company (NYSE: EIC, EICA) has declared three distributions of $0.16 per share on its common stock, payable on January 31, February 28, and March 31, 2023. These payouts mark a 14% increase from the prior quarter. Record dates for these distributions are set for January 11, February 8, and March 13, 2023. Additionally, the company announced distributions of $0.104167 per share for its Series A Term Preferred Stock. The company attributes the increase in distributions to a well-constructed investment portfolio that generates strong cash flows.
Eagle Point Income Company plans to report its financial results for Q3 2022 on November 15, 2022, before market opening. A conference call will follow at 11:30 a.m. ET, hosted by Chairman and CEO Thomas P. Majewski. Participants can join via phone or the company's website. The Company focuses on generating high current income through investments in junior debt tranches of CLOs, with up to 35% of total assets allocated to CLO equity securities. It provides monthly unaudited portfolio information and estimates of net investment income and NAV.
Eagle Point Income Company (EIC) reported its financial results for Q2 2022, including net investment income (NII) and realized capital gains of
Eagle Point Income Company has declared distributions for its common stock, increasing the amount to
Eagle Point Income Company (NYSE: EIC) plans to release its financial results for the quarter ending June 30, 2022, before market opening on August 16, 2022. A conference call will take place at 11:30 a.m. ET the same day, hosted by CEO Thomas P. Majewski and CAO Lena Umnova. The call can be accessed via phone or internet, and a replay will be available for 30 days post-call. The Company focuses on generating high current income through investments in junior debt tranches of CLOs and may also invest in CLO equity securities.
Eagle Point Income Company reported its financial results for Q1 2022. The Company reported a net investment income of $0.33 per share and a net loss of $0.8 million, or $0.12 per share. As of March 31, 2022, NAV per common share was $16.52, marking a decline from previous quarters. The Company deployed $5.1 million in capital, while the weighted average yield on its CLO portfolio increased to 11.34%. A special distribution of $0.20 per share was paid on January 24, 2022. The estimated NAV as of April 30, 2022, is between $16.19 and $16.23.
Eagle Point Income Company has declared distributions for its common and Series A Term Preferred Stock. A total of three distributions of
Eagle Point Income Company (NYSE: EIC, EICA) is set to release its financial results for the quarter ending March 31, 2022, before market opening on May 24, 2022. A conference call to discuss these results will take place at 11:30 a.m. (Eastern Time) the same day, hosted by CEO Thomas P. Majewski and CAO Lena Umnova. The call will be accessible via phone and internet, with a replay option available for 30 days post-call. The Company focuses on generating high current income from junior debt tranches of CLOs and may invest up to 35% in CLO equity securities.
Eagle Point Income Company announced its financial results for the quarter and fiscal year ending December 31, 2021. The company reported a net investment income (NII) and realized capital gains of $0.14 per common share. The net asset value (NAV) per common share was $16.76, down from $17.69 in the previous quarter. A GAAP net loss of $1.6 million was recorded for the fourth quarter. The company raised approximately $45 million through various capital offerings. Looking ahead, the NAV is estimated to be between $16.89 and $16.93 as of January 31, 2022.
Eagle Point Income Company (NYSE: EIC, EICA) has declared a 4% increase in its monthly common stock distribution to $0.125 per share, effective for three payments on April 29, May 31, and June 30, 2022. Record dates are set for April 11, May 11, and June 10, 2022. The company also declared distributions on its Series A Term Preferred Stock, amounting to $0.104167 per share. These distributions reflect the company's strong financial performance and confidence in its investment portfolio, which focuses on high current income and capital appreciation.
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