Eagle Point Income Price, Forecast, Insider, Ratings, Fundamentals & Signals

Greenwich, conn.--(business wire)---- $eic--eagle point income company inc. (the “company”) (nyse: eic, eica, eicb, eicc) today announced that it plans to report financial results for the quarter ended march 31, 2024 on tuesday, may 21, 2024. the company will discuss its financial results on a conference call on that day at 11:30 a.m. (eastern time). thomas p. majewski, chairman and chief executive officer, will host the call along with lena umnova, the investment adviser's chief accounting officer, and.

Greenwich, conn.--(business wire)---- $eic--eagle point income company inc. (the “company”) (nyse: eic, eica, eicb) today announced that it has priced an underwritten public offering of 1,220,000 shares of its 8.00% series c term preferred stock due 2029 (the “preferred stock”) at a public offering price of $25 per share, which will result in net proceeds to the company of approximately $29.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the c.

Greenwich, conn.--(business wire)---- $eic--eagle point income company inc. (the “company”) (nyse: eic, eica, eicb) today announced that it has commenced an underwritten public offering of its series c term preferred stock (the “preferred stock”). the public offering price and other terms of the preferred stock are to be determined by negotiations between the company and the underwriters. the preferred stock is rated ‘bbb' by egan-jones ratings company, an independent rating agency. in addition, the com.

Greenwich, conn.--(business wire)---- $eic--eagle point income company inc. (the “company”) (nyse: eic, eica, eicb) today is pleased to announce the declaration of distributions on shares of the company's common stock. the company has declared three separate distributions of $0.20 per share on its common stock payable on each of april 30, 2024, may 31, 2024 and june 28, 2024 to stockholders of record as of april 10, 2024, may 13, 2024 and june 10, 2024, respectively. the following schedule applies to th.

Greenwich, conn.--(business wire)---- $eic--eagle point income company inc. (the “company”) (nyse: eic, eica, eicb) today announced that it plans to report financial results for the quarter and fiscal year ended december 31, 2023 on thursday, february 22, 2024. the company will discuss its financial results on a conference call on that day at 11:30 a.m. (eastern time). thomas p. majewski, chairman and chief executive officer, will host the call along with lena umnova, the investment adviser's chief acco.

Eagle Point Income offers a high monthly distribution with a yield of 15.4%. EIC has outperformed the S&P 500 in terms of total return, thanks to its high cash flow and distributions. The price of EIC currently trades below its average premium to NAV, indicating a potential opportunity for entry.

We review CEF market valuation and performance through the first week of April and highlight recent market action. CEFs had an off week as stocks and Treasuries fell, but March was the best month of the year so far. CLO CEFs are locking in relatively high leverage costs, which will push their net income levels lower over the next couple of years as the Fed cuts rates.

We take a look at the action in preferreds and baby bonds through the last week of March and highlight some of the key themes we are watching. Preferreds underperformed this week, primarily due to REITs, but the broader space still had a positive total return over March. New issuance tends to come in at higher yields to existing, providing an attractive opportunity for investors.

Eagle Point Income reported strong Q4 results with net investment income of $5.55M. The company issued new shares, reducing concerns about the asset coverage ratio for the term preferred shares. The 2026 term preferred shares offer a pro forma yield to maturity of approximately 7.5-7.6%, making them an appealing investment.

I invest for income and my investments align with my goals. We look at Oxford Lane Capital's latest quarterly results to determine if it keeps meeting my goals. Eagle Point Income Co Inc is a lower-risk CLO alternative.

EICA is a baby bond issued by Eagle Point with a $25 par value and a maturity date of October 2026.

Several high-yielding closed-end funds have announced increased monthly distributions for 2024. The funds mentioned have a forward annual yield exceeding 10%, except for one that yields 9.5%.

Eagle Point Income offers attractive 2026 term preferred shares with a 5% dividend yield and a yield to maturity of approximately 8%. The company has a strong asset coverage level and is able to cover its preferred dividend payments with just 24% of its adjusted net investment income. Eagle Point Income's common shares, EICA shares, and EICB all offer attractive investment opportunities.

We take a look at the action in preferreds and baby bonds through the fourth week of November and highlight some of the key themes we are watching. Preferred stocks have given back some of their month-to-date returns, but all sectors remained in the green in November. Term preferreds, with lower duration and attractive yields, have delivered positive returns since the rise in interest rates in 2022.

EICB is a preferred equity series issued by a closed-end fund focused on junior CLO tranches (CLO debt and equity), tranches primarily rated below investment grade. EIC utilizes a combination of a small bank facility and two series of term preferred equity for leverage, shifting toward more reliance on preferred equity. This preferred equity matures in July 2028, offering a current yield of 7.79%. Optional redemption begins in July 2025.