Eagle Point Income Co. Sells Series A Preferred Stock
Ticker: EICC · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1754836
| Field | Detail |
|---|---|
| Company | Eagle Point Income Co Inc. (EICC) |
| Form Type | 8-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, financing, capital-structure
TL;DR
EPIC selling Series A preferred, Series B & C still active.
AI Summary
Eagle Point Income Company Inc. announced on April 11, 2024, that it has entered into an agreement to sell its Series A preferred stock. The company also provided an update on its Series B and Series C preferred stock, indicating that these series are still outstanding. Specific details regarding the sale of Series A preferred stock, including any associated dollar amounts or terms, were not disclosed in this filing.
Why It Matters
This filing indicates a change in the capital structure of Eagle Point Income Company Inc. through the sale of preferred stock, which could impact its financial leverage and future dividend payments.
Risk Assessment
Risk Level: medium — The sale of preferred stock can alter a company's financial structure and obligations, potentially impacting its risk profile.
Key Players & Entities
- Eagle Point Income Company Inc. (company) — Registrant
- Series A Term Preferred Stock due 2026 (company) — Preferred Stock Series
- Series B Term Preferred Stock due 2028 (company) — Preferred Stock Series
- Series C Term Preferred Stock Due 2029 (company) — Preferred Stock Series
FAQ
What is the specific dollar amount or value associated with the sale of the Series A preferred stock?
The filing does not specify the dollar amount or value of the Series A preferred stock sale.
When did the sale of the Series A preferred stock agreement take place?
The filing reports the event as of April 11, 2024, but does not specify the exact date the agreement was entered into.
Are the Series B and Series C preferred stocks still outstanding as of April 11, 2024?
Yes, the filing indicates that the Series B Term Preferred Stock due 2028 and Series C Term Preferred Stock Due 2029 are still outstanding.
What is the primary business of Eagle Point Income Company Inc.?
While not explicitly detailed in this 8-K, the company's name and the nature of preferred stock offerings suggest it is likely an income-focused investment company.
What is the CIK number for Eagle Point Income Company Inc.?
The CIK number for Eagle Point Income Company Inc. is 0001754836.
Filing Stats: 467 words · 2 min read · ~2 pages · Grade level 9 · Accepted 2024-04-11 17:25:43
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share EIC New York Stock Exchan
Filing Documents
- tm2411691d1_8k.htm (8-K) — 34KB
- 0001104659-24-046374.txt ( ) — 258KB
- eic-20240411.xsd (EX-101.SCH) — 4KB
- eic-20240411_def.xml (EX-101.DEF) — 27KB
- eic-20240411_lab.xml (EX-101.LAB) — 37KB
- eic-20240411_pre.xml (EX-101.PRE) — 26KB
- tm2411691d1_8k_htm.xml (XML) — 8KB
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 March 31, 2024 was between $ 15.07 and $ 15.17. In addition, management's unaudited estimate of the range of our net investment income and realized gain per share of our common stock for the quarter ended March 31, 2024 was between $ 0.55 and $ 0.59 . 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: April 11, 2024 By: /s/ Kenneth P. Onorio Kenneth P. Onorio Chief Financial Officer and Chief Operating Officer