Eagle Point Income Company Inc. Distribution Announcement
Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) has exciting news for their investors. The Company is proud to announce its upcoming distributions on shares of common stock for the first quarter of 2025.
Details on Common Stock Distributions
The Company will be declaring three distinct monthly distributions, each amounting to $0.20 per share. This plan reflects the Company’s continued commitment to its shareholders by providing consistent income.
Distribution Schedule
The distributions will be paid according to the following schedule:
- Amount per Common Share: $0.20
- Record Date: January 13, 2025
- Payable Date: January 31, 2025
- Amount per Common Share: $0.20
- Record Date: February 10, 2025
- Payable Date: February 28, 2025
- Amount per Common Share: $0.20
- Record Date: March 11, 2025
- Payable Date: March 31, 2025
These distributions are generally sourced from net investment income which comprises regular interest and dividends, and may also include potential capital gains or a return of capital.
Preferred Stock Distributions Announced
In addition to the common stock distributions, the Company also announced good news regarding its preferred stock. Distributions will be issued on the following shares:
- 5.00% Series A Term Preferred Stock due 2026
- 7.75% Series B Term Preferred Stock due 2028
- 8.00% Series C Term Preferred Stock due 2029
Details on Preferred Stock Distributions
The required distributions for these preferred stocks are as follows:
- Series A Term Preferred Stock: $0.104167
- Series B Term Preferred Stock: $0.161459
- Series C Term Preferred Stock: $0.166667
About Eagle Point Income Company
Eagle Point Income Company is a diversified, closed-end management investment company focusing on high current income generation, enhanced by a secondary objective to achieve capital appreciation. The Company pursues investments primarily in junior debt tranches of collateralized loan obligations (CLOs) and may allocate up to 35% of its assets to CLO equity securities. This diversification strategy showcases the company’s robust investment philosophy.
Moreover, the Company provides significant financial transparency as it makes unaudited portfolio information accessible monthly via its website. This information includes estimates of net investment income and realized capital gains or losses, as well as net asset values per share, ensuring investors are well-informed about their investments.
Frequently Asked Questions
What is the amount of the common stock distribution for Q1 2025?
The common stock distribution for the first quarter of 2025 is set at $0.20 per share.
When will the distributions be paid?
The distributions will be paid at the end of January, February, and March 2025, based on the outlined record dates.
What types of preferred stock distributions are being announced?
The announced preferred stock distributions include the 5.00% Series A, 7.75% Series B, and 8.00% Series C Term Preferred Stocks.
How does the Company generate its income?
The Company primarily generates income from net investment returns, including regular interest, dividends, capital gains, and possibly returns of capital.
Where can I find detailed financial information about the Company?
The Company provides monthly unaudited financial information on its website, allowing investors to keep track of portfolio performance and net asset values.
