Eagle Point Income Company Inc. Announces Earnings Results for the Second Quarter of 2021
August 17, 2021 at 05:30 pm IST
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Eagle Point Income Company Inc. announced earnings results for the second quarter of 2021. For the quarter ended June 30, 2021, the company recorded GAAP net income of $4.5 million, or $0.73 per weighted average share. The net gain was comprised of total investment income of $2.6 million, unrealized appreciation on investments of $2.7 million and de minimis net realized gain on investments, partially offset by total expenses of $0.8 million.
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. 
