EICC: New Preferred Equity From This CEF [Seeking Alpha]
Eagle Point Income Company Inc. (EIC)
Company Research
Source: Seeking Alpha
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. The all-in yield for the series is very attractive, but an investor needs to be comfortable with the potential volatility driven by a very low trading volume. Thesis Eagle Point Income Company Inc. ( EIC ) is a fixed income CEF. The fund invests in CLO debt and CLO equity via its portfolio. Currently, the CEF has a 75% allocation to BB-rated debt, while roughly 25% of the holdings are allocated Recommended For You Recommended For You About EICC Stock Related Stocks Trending Analysis Trending News
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EIC
News
- Creditflux announces 2024 CLO Manager Awards winners [Yahoo! Finance]Yahoo! Finance
- Eagle Point Income Company Inc. Announces Third Quarter 2024 Common and Preferred DistributionsBusiness Wire
- Eagle Point Income Company Inc. Schedules Release of First Quarter 2024 Financial Results on Tuesday, May 21, 2024Business Wire
- Eagle Point Income: A Less Risky CLO Alternative To ECC [Seeking Alpha]Seeking Alpha
- CEF Weekly Review: Some Funds Are Locking In High Leverage Costs [Seeking Alpha]Seeking Alpha
EIC
Sec Filings
- 5/16/24 - Form 497AD
- 5/15/24 - Form 8-K
- 5/13/24 - Form 8-K
- EIC's page on the SEC website