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Stock impact report

Eagle Point Income Company Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Eagle Point Income Company Inc. (EIC) 
Company Research Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced financial results for the quarter and full year ended December 31, 2023 and certain additional activity through February 15, 2024.“Eagle Point Income Company capped off an outstanding 2023 with another quarter of strong cash flows and growing net assets,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “During the quarter, we generated net income comfortably in excess of our common distributions. We grew our net asset value per share by over 2% for the quarter and 11% for the full year. We also recently increased our monthly common distribution beginning in January 2024 by an additional 11% to $0.20 per share. This is the highest monthly common distribution amount in our history. With many investors focused on ‘higher for longer’ rate scenarios, we believe the Company is very well positioned for a strong 2024.”FOURTH QUARTER 2023 RESULTSNet asse Show less Read more
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