Eagle Point Income Company Inc. Declares Distribution, Payable on January 31, 2023, February 28, 2023 and March 31, 2023
November 07, 2022 at 09:05 pm
Share
Eagle Point Income Company Inc. has declared three separate distributions of $0.16 per share on its common stock payable on each of January 31, 2023, February 28, 2023 and March 31, 2023 to stockholders of record as of January 11, 2023, February 8, 2023 and March 13, 2023, respectively. This reflects an increase of 14% from the monthly distributions during the fourth quarter of 2022.
Eagle Point Income Company Inc. is an externally managed, diversified closed-end management investment company. The Companyâs primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company seeks to achieve these objectives by investing primarily in junior debt tranches of collateralized loan obligations (CLOs) rated BB. In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities and other securities and instruments that are consistent with its investment objectives. The Company may also invest in other securities and instruments objectives such as securities issued by other securitization vehicles. The Company may also invest in other junior debt tranches of CLOs, senior debt tranches of CLOs, loan accumulation facilities (LAF) and other related securities and instruments. The investment advisor of the Company is Eagle Point Income Management LLC.
EAGLE POINT INCOME COMPANY INC. 