Eagle Point Income Company Inc. Announces Third Quarter 2023 Common and Preferred Distributions
11 Mayo 2023 - 3:15PM
Business Wire
Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC,
EICA) today is pleased to announce the declaration of distributions
on shares of the Company’s common stock.
The Company has declared three separate distributions of $0.16
per share on its common stock payable on each of July 31, 2023,
August 31, 2023 and September 29, 2023 to stockholders of record as
of July 11, 2023, August 11, 2023 and September 11, 2023,
respectively.
The following schedule applies to the distributions:
Record Date
Payable Date
Amount per common share
July 11, 2023
July 31, 2023
$0.16
August 11, 2023
August 31, 2023
$0.16
September 11, 2023
September 29, 2023
$0.16
Distributions on common stock are generally paid from net
investment income (regular interest and dividends) and may also
include capital gains and/or a return of capital. The specific tax
characteristics of the distributions will be reported to the
Company’s stockholders on Form 1099 after the end of the 2023
calendar year.
The Company is also pleased to announce the declaration of
distributions on shares of the Company’s 5.00% Series A Term
Preferred Stock due 2026 (the “Series A Term Preferred Stock”). The
following schedule applies to the distributions:
Record Date
Payable Date
Amount per share of Series A Term
Preferred Stock
July 11, 2023
July 31, 2023
$0.104167
August 11, 2023
August 31, 2023
$0.104167
September 11, 2023
September 29, 2023
$0.104167
The distributions on the Series A Term Preferred Stock reflect
an annual distribution rate of 5.00% of the $25 liquidation
preference per share of the Series A Term Preferred Stock.
ABOUT EAGLE POINT INCOME COMPANY
The Company is a diversified, closed-end management investment
company. The Company’s primary investment objective is to generate
high current income, with a secondary objective to generate capital
appreciation, by investing primarily in junior debt tranches of
collateralized loan obligations (“CLOs”). In addition, the Company
may invest up to 35% of its total assets (at the time of
investment) in CLO equity securities. The Company is externally
managed and advised by Eagle Point Income Management LLC
(“Investment Adviser”).
The Company makes certain unaudited portfolio information
available each month on its website in addition to making certain
other unaudited financial information available on its website
(www.eaglepointincome.com). This information includes (1) an
estimated range of the Company’s net investment income (“NII”) and
realized capital gains or losses per share of common stock for each
calendar quarter end, generally made available within the first
fifteen days after the applicable calendar month end, (2) an
estimated range of the Company’s net asset value (“NAV”) per share
of common stock for the prior month end and certain additional
portfolio-level information, generally made available within the
first fifteen days after the applicable calendar month end, and (3)
during the latter part of each month, an updated estimate of NAV,
if applicable, and, with respect to each calendar quarter end, an
updated estimate of the Company’s NII and realized capital gains or
losses per share for the applicable quarter, if available.
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 Company’s other filings with the U.S. Securities
and Exchange Commission. The Company 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230511005832/en/
Investor and Media Relations: ICR 203-340-8510
IR@EaglePointIncome.com www.eaglepointincome.com
Eagle Point Income (NYSE:EICA)
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