Eagle Point Income Company Inc. Announces Partial Exercise and Closing of Overallotment Option in Offering of Common Stock
30 November 2021 - 10:22PM
Business Wire
Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC,
EICA) today announced, in connection with its previously disclosed
underwritten public offering of 600,000 shares of its common stock
(the “Common Stock”) at a public offering price of $18.45 per share
that closed on November 2, 2021, that B. Riley Securities, Inc.,
the underwriter of such offering, has partially exercised its
overallotment option to purchase an additional 48,000 shares of
Common Stock. The exercise of the overallotment option resulted in
additional net proceeds to the Company of approximately $0.9
million after payment of underwriting discounts and
commissions.
B. Riley Securities, Inc. acted as the sole bookrunning manager
for the offering.
Investors should consider the Company’s investment
objectives, risks, charges, and expenses carefully before
investing. The 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 prospectus
supplement, the accompanying prospectus and this press release is
not complete and may be changed. The 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211130006092/en/
Investor Relations: ICR 203-340-8510 ir@EaglePointIncome.com
www.eaglepointincome.com
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