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Eagle Point Income Company Inc. 5.00% Series A Term Preferred Stock due 2026 - EICA STOCK NEWS

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Eagle Point Income Company Inc. is a closed-end management investment company that primarily aims to generate high current income for its investors. Incorporated with a secondary goal of capital appreciation, the company offers a diverse range of investment opportunities through its 5.00% Series A Term Preferred Stock due 2026 (symbol: EICA). This preferred stock provides investors with a dependable income stream, and its term ensures a fixed return until maturity in 2026.

Eagle Point Income Company's strategic investment approach involves allocating its capital into various income-generating assets. This typically includes debt securities, equity securities, and other structured finance investments. The company's robust portfolio management is designed to navigate market fluctuations while capitalizing on opportunities within the credit markets.

One of the company’s recent achievements includes maintaining a strong financial condition amidst challenging market conditions. By leveraging strategic partnerships and a disciplined investment strategy, Eagle Point Income Company has successfully upheld its commitment to providing high returns to its stakeholders. The company's current projects and initiatives are focused on optimizing its asset allocations to sustain and potentially increase dividend payouts.

For investors seeking stable returns and income, the Eagle Point Income Company’s Series A Term Preferred Stock is an attractive option. The fixed interest rate of 5.00% provides a predictable income flow, making it a reliable choice for income-focused investment strategies.

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Eagle Point Income Company Inc. announced a public offering of 1,220,000 shares of its 8.00% Series C Term Preferred Stock at a price of $25 per share, aiming to raise approximately $29.3 million. The offering is rated 'BBB' by Egan-Jones Ratings Company and includes an option for underwriters to purchase additional shares. The Company plans to list the Preferred Stock on the NYSE under the symbol 'EICC'.
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Eagle Point Income Company Inc. announced a public offering of its Series C Term Preferred Stock, rated 'BBB' by Egan-Jones Ratings Company. The offering includes an option for underwriters to purchase additional shares and is expected to list on NYSE under the symbol 'EICC'.
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Eagle Point Income Company Inc. reported strong financial results for Q4 2023 and full year 2023, with a significant increase in net asset value and net income. The company's NAV per common share increased by 2.2% to $14.39, and net investment income also saw a substantial rise. Additionally, the company increased its monthly common distribution by 11% to $0.20 per share, the highest in its history. The Company's CLO debt and equity portfolio showed a weighted average effective yield of 13.29% and an expected yield of 17.21%. For the full year 2023, the Company recorded GAAP net income of $29.3 million and received $29.0 million in recurring cash distributions from its investment portfolio. The Company also announced new monthly distributions for its common stock and preferred stocks.
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Eagle Point Income Company Inc. (EIC) announces distributions on common stock and preferred stock. The company declared three distributions of $0.20 per share on common stock payable in April, May, and June 2024. Additionally, distributions were announced for the 5.00% Series A Term Preferred Stock due 2026 and the 7.75% Series B Term Preferred Stock due 2028.
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Eagle Point Income Company Inc. plans to report financial results for the quarter and fiscal year ended December 31, 2023, on 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 other key personnel. Interested parties can participate via phone or internet, and a replay will be available for approximately 30 days.
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Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announced strong financial results for Q3 2023, with an 8.3% increase in NAV per common share, NII of $0.38 per common share, and $14.1 million GAAP net income. The company also declared an 11% increase in monthly common distributions.
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Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announces an 11% increase in monthly common stock distributions to $0.20 per share, reflecting sustained confidence in the company's outlook. The company also declares distributions on its Series A and Series B Term Preferred Stock.
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Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) will report financial results for Q3 2023 on November 14, 2023. The conference call to discuss the results will be hosted by Thomas P. Majewski, Chairman and CEO, along with Lena Umnova, Chief Accounting Officer, and Daniel Ko, Portfolio Manager. Interested parties can participate via phone or internet, and an archived replay will be available on the company's website.
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Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announced strong second-quarter 2023 financial results, including $0.49 NII per common share and a 13% increase in monthly common distributions. The company also issued new 7.75% Series B Preferred Stock, strengthening its balance sheet with $31 million in net proceeds. Portfolio activity through July 31, 2023, saw an estimated NAV per common share of $13.39-$13.49, $6.7 million in recurring cash distributions, and $10.2 million deployed into CLO debt and other investments.
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Eagle Point Income Company Inc. (NYSE: EIC, EICA, EICB) announces a 13% increase in monthly distributions on its common stock, with each distribution of $0.18 per share payable on October 31, November 30, and December 29, 2023. The company's outlook remains strong in the current rate environment, leading to the seventh increase in common distributions since 2020.
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FAQ

What is the current stock price of Eagle Point Income Company 5.00% Series A Term Preferred Stock due 2026 (EICA)?

The current stock price of Eagle Point Income Company 5.00% Series A Term Preferred Stock due 2026 (EICA) is $23.82 as of September 27, 2024.

What is the primary objective of Eagle Point Income Company Inc.?

The primary objective is to generate high current income for investors.

What is the secondary objective of Eagle Point Income Company Inc.?

The secondary objective is to generate capital appreciation.

What type of company is Eagle Point Income Company Inc.?

It is a closed-end management investment company.

What is the significance of the 5.00% Series A Term Preferred Stock?

This preferred stock offers a fixed interest rate of 5.00% and provides a reliable income stream until its maturity in 2026.

How does Eagle Point Income Company generate income?

The company generates income through investments in debt securities, equity securities, and other structured finance investments.

What recent achievements has Eagle Point Income Company made?

The company has maintained a strong financial condition and upheld its commitment to high returns despite market challenges.

What is the stock symbol for Eagle Point Income Company Inc.'s preferred stock?

The stock symbol is EICA.

Who would benefit from investing in Eagle Point Income Company's preferred stock?

Investors seeking stable and predictable income returns would benefit from investing in the 5.00% Series A Term Preferred Stock.

What kind of investment approach does Eagle Point Income Company use?

The company uses a strategic investment approach focusing on income-generating assets and disciplined portfolio management.

When does the Series A Term Preferred Stock mature?

The Series A Term Preferred Stock matures in 2026.

Eagle Point Income Company Inc. 5.00% Series A Term Preferred Stock due 2026

NYSE:EICA

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EICA Stock Data

1.52M
12.05%
Asset Management
Financial Services
United States of America
Greenwich