EIC Eagle Point Income Company Inc

Filed pursuant to Rule 424(b)(3)
1933 Act File No. 333-237583

PROSPECTUS SUPPLEMENT dated March 11, 2022

(to Prospectus dated May 29, 2020, as supplemented from time to time)

EAGLE POINT INCOME COMPANY INC.

$2,600,000 of Common Stock
Up to 140,000 Shares of 5.00% Series A Term Preferred Stock due 2026
Liquidation Preference $25 per share

This prospectus supplement supplements the prospectus supplements dated December 20, 2021, or the “December Supplement,” and January 20, 2022, or the “January Supplement” and, together with the December Supplement, the “Supplements,” and the accompanying prospectus thereto dated May 29, 2020, or the “Base Prospectus.” The Base Prospectus and Supplements, and all supplements to or documents incorporated by reference into the Base Prospectus and Supplements, are collectively referred to as the “Prospectus.” The Prospectus relates to the offering of $2,600,000 aggregate amount of our common stock, par value $0.001 per share, or the “common stock,” and up to 140,000 shares of our 5.00% Series A Term Preferred Stock due 2026, or the “Series A Term Preferred Stock,” pursuant to an amended and restated at market issuance sales agreement, dated December 20, 2021, with B. Riley Securities, Inc. This prospectus supplement provides certain updated financial information for the Company as of February 28, 2022.

Investing in our securities involves a high degree of risk, including the risk of a substantial loss of investment. Before purchasing any shares of our common stock or Series A Term Preferred Stock, you should read the discussion of the principal risks of investing in our securities, which are summarized in “Risk Factors” beginning on page S-24 of the December Supplement and page 17 of the Base Prospectus.

The terms “we,” “us” and “our” refer to Eagle Point Income Company Inc., a Delaware corporation.

UPDATED FINANCIAL INFORMATION

Management’s unaudited estimate of the range of the net asset value per share of our common stock as of February 28, 2022 was between $16.24 and $16.28.

ADDITIONAL RISK FACTOR

Risks Related to Russia’s Invasion of Ukraine. Russia’s recent military incursion into Ukraine, the response of the United States and other countries, and the potential for wider conflict, has increased volatility and uncertainty in the financial markets and may adversely affect the Company. Immediately following Russia’s invasion, the United States and other countries imposed wide-ranging economic sanctions on Russia, individual Russian citizens, and Russian banking entities and other businesses, including those in the energy sector. These unprecedented sanctions have been highly disruptive to the Russian economy and, given the interconnectedness of today’s global economy, could have broad and unforeseen macroeconomic implications. The ultimate nature, extent and duration of Russia’s military actions (including the potential for cyberattacks and espionage), and the response of state governments and businesses, cannot be predicted at this time. However, further escalation of the conflict could result in significant market disruptions, and negatively affect global supply chains, inflation and global growth.  These and any related events could negatively impact the performance of the Company’s underlying obligors and/or the market value of our common shares or preferred stock.

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