Eagle Point Income Company Inc. Announces Offering of Preferred Stock
18 Oktober 2021 - 1:52PM
Business Wire
Eagle Point Income Company Inc. (the “Company”) (NYSE:EIC) today
announced that it has commenced an underwritten public offering of
its Series A Term Preferred Stock (the “Preferred Stock”). The
public offering price and other terms are to be determined by
negotiations between the Company and the underwriters. The
Preferred Stock is rated ‘BBB’ by Egan-Jones Ratings Company. In
addition, the Company plans to grant the underwriters a 30-day
option to purchase additional shares of Preferred Stock on the same
terms and conditions.
The Preferred Stock is expected to be listed on the New York
Stock Exchange and to trade thereon within 30 days of the original
issue date.
Ladenburg Thalmann & Co. Inc. is acting as the lead
bookrunner for the offering. B. Riley Securities, Inc., Oppenheimer
& Co. Inc., InspereX LLC, and Wedbush Securities Inc. are
acting as joint bookrunners for the offering.
Investors should consider the Company’s investment
objectives, risks, charges, and expenses carefully before
investing. The preliminary prospectus dated October 18, 2021, which
has been filed with the Securities and Exchange Commission (“SEC”),
contains this and other information about the Company and should be
read carefully before investing. The information in the
preliminary prospectus and this press release is not complete and
may be changed. The preliminary prospectus and this press release
are not offers to sell these securities and are not soliciting an
offer to buy these securities in any state where such offer or sale
is not permitted.
A registration statement relating to these securities is on file
with and has been declared effective by the SEC. The offering
may be made only by means of a prospectus, copies of which may be
obtained by writing Ladenburg Thalmann & Co. Inc. at 640 Fifth
Avenue, 4th Floor, New York, New York 10019, by calling toll-free
1-800-573-2541 or by sending an e-mail to:
prospectus@ladenburg.com; copies may also be obtained for free by
visiting EDGAR on the SEC’s website at http://www.sec.gov.
Egan-Jones Ratings Company is a nationally recognized
statistical rating organization (NRSRO). A security rating is not a
recommendation to buy, sell or hold securities, and any such rating
may be subject to revision or withdrawal at any time by the
applicable rating agency.
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.
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 SEC. 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.
Source: Eagle Point Income Company Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20211018005534/en/
Investor Relations: ICR 203-340-8510 ir@EaglePointIncome.com
www.eaglepointincome.com
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