Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
28 Oktober 2021 - 5:17PM
Edgar (US Regulatory)
Filed pursuant to Rule 497
File No. 333-259029
Rule 482ad
EAGLE POINT INCOME COMPANY INC. ANNOUNCES FULL
EXERCISE AND CLOSING OF UNDERWRITERS’ OPTION IN OFFERING OF PREFERRED STOCK
GREENWICH, Conn. – October 28, 2021 –
Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA) today announced, in connection with its previously disclosed
underwritten public offering of 1,220,000 shares of its 5.00% Series A Term Preferred Stock due 2026 (the “Preferred Stock”)
at a public offering price of $25 per share that closed on October 22, 2021, that the underwriters of such offering have fully exercised
their option to purchase an additional 180,000 shares of Preferred Stock. The exercise of the option resulted in additional net proceeds
to the Company of approximately $4.4 million after payment of underwriting discounts and commissions. The Preferred Stock is rated ‘BBB’
by Egan-Jones Ratings Company.
The Preferred Stock trades on the New York Stock
Exchange under the symbol “EICA,” and the Preferred Stock issued pursuant to the underwriters’ option to purchase additional
shares will trade under the same symbol.
Ladenburg Thalmann & Co. Inc. acted as the
lead bookrunner for the offering. B. Riley Securities, Inc., Oppenheimer & Co. Inc., InspereX LLC, and Wedbush Securities Inc. acted
as joint bookrunners for the offering.
Investors should consider the Company’s
investment objectives, risks, charges and expenses carefully before investing. The 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 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.
Investor Relations:
ICR
203-340-8510
ir@EaglePointIncome.com
www.eaglepointincome.com
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