Eagle Point Institutional Income Fund Announces First Quarter 2025 Preferred Share Distributions

Rhea-AI Summary

Eagle Point Institutional Income Fund has announced its first quarter 2025 distributions for its 8.125% Series A Term Preferred Shares (NYSE: EIIA). The Fund declared three monthly distributions of $0.169271 per Preferred Share, payable on January 31, February 28, and March 31, 2025. These distributions maintain an annual distribution rate of 8.125% based on the $25 liquidation preference per share.

Positive

• Consistent quarterly dividend payments maintained at 8.125% annual rate
• Regular monthly distribution schedule established for Q1 2025

Negative

• None.

Insights

Financial Analyst

The announcement of preferred share distributions for Q1 2025 demonstrates Eagle Point Institutional Income Fund's commitment to delivering consistent income to preferred shareholders. The $0.169271 monthly distribution maintains the 8.125% annual rate on the $25 liquidation preference, providing predictable income for income-focused investors. While this is a routine distribution announcement that aligns with the fund's stated preferred share terms, it offers stability in the fixed-income space. The NYSE-listed preferred shares (EIIA) represent a senior security in the fund's capital structure, providing some protection for income-oriented investors.

GREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Institutional Income Fund (the “Fund”) today is pleased to announce the declaration of distributions on shares of the Fund’s 8.125% Series A Term Preferred Shares due 2029 (the “Preferred Shares”). The Preferred Shares trade on the New York Stock Exchange (NYSE: EIIA).

For the first quarter of 2025, the Fund is declaring three separate monthly distributions of $0.169271 per the Preferred Share.

The distributions are payable based on the following schedule:

Amount per Preferred Share	Record Date	Payable Date
$0.169271	1/13/2025	1/31/2025
$0.169271	2/10/2025	2/28/2025
$0.169271	3/11/2025	3/31/2025

The distributions on the Preferred Shares reflect an annual distribution rate of 8.125% of the $25 liquidation preference per share.

ABOUT EAGLE POINT INSTITUTIONAL INCOME FUND

The Fund is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in equity and junior debt tranches of collateralized loan obligations. The Fund is externally managed and advised by Eagle Point Credit Management LLC. The Fund’s common shares of beneficial interest are not listed on any securities exchange.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Fund’s other filings with the SEC. The Fund undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241106317052/en/

Investor Relations:

203-340-8560

EPIIF@EaglePointCredit.com

www.epiif.com

Source: Eagle Point Institutional Income Fund

FAQ

What is the distribution amount per share for EIIA in Q1 2025?

Eagle Point Institutional Income Fund (EIIA) will distribute $0.169271 per Preferred Share monthly in Q1 2025.

When are the EIIA preferred share distribution dates for Q1 2025?

The distributions will be paid on January 31, February 28, and March 31, 2025.

What is the annual distribution rate for EIIA preferred shares?

The annual distribution rate for EIIA preferred shares is 8.125% of the $25 liquidation preference per share.

What are the record dates for EIIA's Q1 2025 distributions?

The record dates are January 13, February 10, and March 11, 2025.