Eagle Point Income Company Inc Aktie News

Eagle Point Income Company Inc. (NYSE:EIC ) Q1 2024 Earnings Conference Call May 21, 2024 11:30 AM ET Company Participants Peter Sceusa - IR Tom Majewski - Chairperson & CEO Dan Ko - Senior Principal Lena Umnova - Chief Accounting Officer Conference Call Participants Operator Greetings. Welcome to the Eagle Point Income Company First Quarter 2024 Financial Results Call.

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended March 31, 2024 and certain additional activity through April 30, 2024. “It was another excellent quarter for Eagle Point Income Company, as the portfolio continued to generate strong cash flows and income for our shareh...

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today is pleased to announce the declaration of distributions on shares of the Company's common stock. For the third quarter of 2024, the Company is declaring three separate monthly distributions of $0.20 per share on its common stock. The distributions are payable based on ...

This article discusses three Term Preferreds issued by Eagle Point Income Company, focusing on their investment objectives and portfolio composition.

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 Execu...

Eagle Point Income Company Inc. is a fixed income CEF that invests in CLO debt and equity. EICC has issued a new series of preferred stock, the Series C 8% Preferred Stock due 2029. The preferred stock has a mandatory redemption date of April 30, 2029, and is currently trading close to par with an 8% current yield.

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.