Eagle Point Income Co Inc. Reports Jan 14 "Other Event"
Ticker: EICC · Form: 8-K · Filed: Feb 15, 2024 · CIK: 1754836
| Field | Detail |
|---|---|
| Company | Eagle Point Income Co Inc. (EICC) |
| Form Type | 8-K |
| Filed Date | Feb 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $0.20 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, preferred-stock, corporate-filing, other-events
TL;DR
**Eagle Point Income Co Inc. filed an 8-K for an "Other Event" on Jan 14, but the specific details are not in this snippet.**
AI Summary
Eagle Point Income Co Inc. filed an 8-K on February 15, 2024, reporting an "Other Event" that occurred on January 14, 2024. The filing, which is an excerpt, mentions the company's Common Stock, 5% Series A Term Preferred Stock due 2026, and 7.75% Series B Term Preferred Stock due 2028. The specific details of the event are not provided in the given text.
Why It Matters
This 8-K indicates a material event occurred concerning Eagle Point Income Co Inc.'s securities, though the specific nature of the event is not detailed in the provided excerpt. Investors would need the full filing to understand its implications for common and preferred stockholders.
Risk Assessment
Risk Level: medium — The provided text is a metadata-heavy excerpt of an 8-K filing, lacking the narrative details of the "Other Event," making risk assessment impossible.
Key Numbers
- 5% — Series A Preferred Stock Rate (coupon rate for preferred stock)
- 2026 — Series A Preferred Stock Maturity (maturity year for preferred stock)
- 7.75% — Series B Preferred Stock Rate (coupon rate for preferred stock)
- 2028 — Series B Preferred Stock Maturity (maturity year for preferred stock)
Key Players & Entities
- Eagle Point Income Co Inc. (company) — filer
- 5% Series A Term Preferred Stock due 2026 (security) — mentioned in filing
- 7.75% Series B Term Preferred Stock due 2028 (security) — mentioned in filing
- Common Stock (security) — mentioned in filing
- January 14, 2024 (date) — date of earliest event reported
- February 15, 2024 (date) — filed as of date
FAQ
What is the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 14, 2024.
Which company filed this 8-K?
Eagle Point Income Company Inc. filed this 8-K.
What types of securities are mentioned in the filing?
The filing mentions Common Stock, 5% Series A Term Preferred Stock due 2026, and 7.75% Series B Term Preferred Stock due 2028.
What is the maturity year for the Series A Term Preferred Stock?
The Series A Term Preferred Stock is due in 2026.
What is the interest rate for the Series B Term Preferred Stock?
The Series B Term Preferred Stock has an interest rate of 7.75%.
Filing Stats: 466 words · 2 min read · ~2 pages · Grade level 9.6 · Accepted 2024-02-14 17:32:25
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share EIC New York Stock Exchan
- $0.20 — parate monthly regular distributions of $0.20 per share on its common stock, payable
Filing Documents
- tm246315d1_8k.htm (8-K) — 31KB
- 0001104659-24-024087.txt ( ) — 250KB
- eic-20240114.xsd (EX-101.SCH) — 4KB
- eic-20240114_def.xml (EX-101.DEF) — 26KB
- eic-20240114_lab.xml (EX-101.LAB) — 38KB
- eic-20240114_pre.xml (EX-101.PRE) — 25KB
- tm246315d1_8k_htm.xml (XML) — 7KB
01
Item 8.01. Other Events. Management's unaudited estimate of the range of the net asset value per share of our common stock as of January 31, 2024 was between $ 14.94 and $ 15.04. In addition, the Company has declared three separate monthly regular distributions of $0.20 per share on its common stock, payable on each of April 30, 2024, May 31, 2024 and June 28, 2024 to stockholders of record on April 10, 2024, May 13, 2024 and June 10, 2024, respectively. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Eagle Point Income Company Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Eagle Point Income Company Inc. Date: February 14, 2024 By: /s/ Kenneth P. Onorio Kenneth P. Onorio Chief Financial Officer and Chief Operating Officer