Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
29 Oktober 2021 - 2:34PM
Edgar (US Regulatory)
Filed pursuant to Rule 497
File No. 333-237583
Rule 482ad
EAGLE POINT INCOME COMPANY INC. PRICES OFFERING
OF COMMON STOCK
GREENWICH, Conn. – October 29, 2021 –
Eagle Point Income Company Inc. (the “Company”) (NYSE:EIC, EICA) today announced that it has priced an underwritten public
offering of 600,000 shares of its common stock at a public offering price of $18.45 per share, which will result in net proceeds to the Company
of approximately $10.4 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company.
In addition, the Company has granted the underwriter a 30-day option to purchase up to an additional 90,000 shares of common stock to cover
over-allotments, if any.
The offering is expected to close on November
2, 2021, subject to customary closing conditions. The Company intends to use all or substantially all of the net proceeds from the offering
to acquire investments in accordance with its investment objectives and strategies and for general working capital purposes.
B. Riley Securities, Inc. is serving as the Sole
Bookrunner for the offering.
Investors should consider the Company’s
investment objectives, risks, charges, and expenses carefully before investing. The preliminary prospectus supplement dated October 28,
2021 and the accompanying prospectus dated May 29, 2020, which have been filed with the Securities and Exchange Commission (“SEC”),
contain this and other information about the Company and should be read carefully before investing. The information in the preliminary
prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The preliminary prospectus
supplement, the accompanying 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 shelf 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
and a related prospectus supplement, copies of which may be obtained by writing B. Riley Securities, Inc., Attention: Prospectus Department,
1300 17th Street North, Suite 1300, Arlington, Virginia 22209, by telephone at (703) 312-9580 or by email at prospectuses@brileyfin.com;
copies may also be obtained for free by visiting EDGAR on the SEC’s website at http://www.sec.gov.
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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