Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
10 November 2022 - 10:28PM
Edgar (US Regulatory)
Filed pursuant to Rule 424(b)(3)
1933 Act File No. 333-237583
PROSPECTUS SUPPLEMENT dated November 10,
2022
(to Prospectus dated May 29, 2020, as supplemented from time to time)
EAGLE POINT INCOME COMPANY INC.
$11,300,000 of Common Stock
This prospectus supplement supplements the prospectus
supplement dated December 20, 2021, or the “Supplement,” and the accompanying prospectus thereto dated May 29, 2020, or the
“Base Prospectus.” The Base Prospectus and Supplement, and all supplements to or documents incorporated by reference into
the Base Prospectus and Supplement, are collectively referred to as the “Prospectus.” The Prospectus relates to the sale of
shares of our common stock, par value $0.001 per share, or the “common stock” in an “at-the-market” offering (the
“ATM Program”) pursuant to the amended and restated at market issuance sales agreement, dated December 20, 2021, with B. Riley
Securities, Inc., or the “Sales Agreement.” This prospectus supplement provides certain updated information for the Company
as of November 10, 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, 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 Supplement and page 17 of the Base Prospectus, as well as in other documents incorporated by reference into the Prospectus.
The terms “we,” “us”
and “our” refer to Eagle Point Income Company Inc., a Delaware corporation.
UPDATE TO “AT-THE-MARKET” OFFERING
Effective as of the date of this prospectus supplement,
the Company has updated the aggregate offering price of common stock to be sold through our ATM Program pursuant to the Sales Agreement
from $2,600,000 to $11,300,000, exclusive of any shares of common stock previously sold pursuant to
the Sales Agreement. In addition, the Company is not currently selling shares of Series A Term Preferred Stock through the ATM Program.
As of the date of this prospectus supplement, the aggregate
market value of our outstanding common stock held by non-affiliates, or the “public float,” is approximately $52.1 million,
which is calculated based on 3,159,563 shares of outstanding common stock held by non-affiliates and
on a price per share of $16.50, the closing price of our common stock on September 12, 2022, which
is within sixty days prior to the date of this prospectus supplement. Pursuant to certain Securities and Exchange Commission (“SEC”)
requirements, we may sell our securities in a public primary offering pursuant to our shelf registration statement with a value that may
not exceed more than one-third of our public float in any 12-month period so long as our public float remains below $75.0 million. We
have sold securities yielding gross proceeds to us of approximately $6.0 million pursuant to the SEC
rules noted above during the 12 calendar months prior to and including the date of this prospectus supplement.
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