Eagle Point Income Company Inc. Announces Earnings Results for the Fourth Quarter Ended December 31, 2020
February 23, 2021 at 06:30 pm IST
Share
Eagle Point Income Company Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the quarter, the company reported GAAP net income of $15.1 million, or $2.48 per weighted average common share.
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. 
