Eagle Point Income: A Less Risky CLO Alternative To ECC [Seeking Alpha]
Eagle Point Income Company Inc. (EIC)
Company Research
Source: Seeking Alpha
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. EIC primarily holds CLO debt in comparison to ECC's CLO equity. This is less risky due to the position of repayment on the capital structure. Higher interest rates have benefitted EIC as the company has been able to obtain higher NII levels while actively deploying capital towards new investments. Overview High yielding monthly income is something that has already been appealing to me. As an investor that values income, I'm always on the hunt for opportunities to increase my annual passive income. Eagle Point Income Co Inc ( Recommended For You Recommended For You About EIC Ticker Related Stocks Trending Analysis Trending News
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EIC
News
- EICC: New Preferred Equity From This CEF [Seeking Alpha]Seeking Alpha
- CEF Weekly Review: Some Funds Are Locking In High Leverage Costs [Seeking Alpha]Seeking Alpha
- Eagle Point Income Company Inc. Prices Offering of Preferred StockBusiness Wire
- Eagle Point Income Company Inc. Announces 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