Eagle Point Income Company Inc. Declares Monthly Distributions, Payable on Each of July 31, 2023, August 31, 2023 and September 29, 2023
May 13, 2023 at 01:46 am IST
Share
Eagle Point Income Company Inc. has declared three separate monthly distributions of $0.16 per share on its common stock payable on each of July 31, 2023, August 31, 2023 and September 29, 2023 to stockholders of record as of July 11, 2023, August 11, 2023 and September 11, 2023, respectively.
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.