Eagle Point Income Company Inc. Announces Offering of Preferred Stock
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 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 Company plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions.The Preferred Stock is expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the symbol “EICC.”Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc. and Piper Sandler & Co. are acting as joint bookrunners for the offering. InspereX LLC and Wedbush Securities Inc. are acting as lead manager
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EIC
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- Eagle Point Income Company Inc. Prices Offering of Preferred StockBusiness Wire
- Eagle Point Income: Common Shares Yield 15%, 7.5% Yield On Preferred Shares [Seeking Alpha]Seeking Alpha
EIC
Sec Filings
- 4/25/24 - Form 424B3
- 4/15/24 - Form 497AD
- 4/11/24 - Form 8-K
- EIC's page on the SEC website