Eagle Point Income Company Inc. Announces 33% Increase in Common Stock Distributions for Fourth Quarter 2021
10 August 2021 - 10:15PM
Business Wire
Eagle Point Income Company Inc. (the “Company”) (NYSE:EIC) 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 $0.12
per share on its common stock, an increase of 33% from its previous
monthly distribution rate of $0.09 per share. The distributions are
payable on each of October 29, 2021, November 30, 2021 and December
31, 2021 to stockholders of record as of October 12, 2021, November
10, 2021 and December 13, 2021, respectively. The following
schedule applies to the distributions:
Record Date
Payable Date
Amount per common share
October 12, 2021
October 29, 2021
$0.12
November 10, 2021
November 30, 2021
$0.12
December 13, 2021
December 31, 2021
$0.12
“We are pleased to declare a third consecutive increase in our
monthly distribution to $0.12 per common share, reflecting the
portfolio’s strong recent financial performance and our confidence
in the Company’s earnings ability and future prospects,” said
Thomas Majewski, Chairman and Chief Executive Officer.
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 2021
calendar year.
ABOUT EAGLE POINT INCOME COMPANY
The Company is a non-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.
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/20210810005766/en/
Investor and Media Relations: ICR 203-340-8510
IR@EaglePointIncome.com www.eaglepointincome.com
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