Eagle Point Income Co. Declares Preferred Stock Dividends
Ticker: EICC · Form: 8-K · Filed: Jul 10, 2024 · CIK: 1754836
| Field | Detail |
|---|---|
| Company | Eagle Point Income Co Inc. (EICC) |
| Form Type | 8-K |
| Filed Date | Jul 10, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $15.19, $15.29, $0.42, $0.46 |
| Sentiment | neutral |
Sentiment: neutral
Topics: dividend, preferred-stock
TL;DR
EPIC declares dividends for Series A, B, and C preferred stock, payable Aug 1st.
AI Summary
On July 10, 2024, Eagle Point Income Company Inc. filed an 8-K report detailing the declaration of cash dividends for its Series A, Series B, and Series C Term Preferred Stock. The Series A preferred stock will receive a dividend of $0.1875 per share, Series B will receive $0.18125 per share, and Series C will receive $0.20 per share. These dividends are payable on August 1, 2024, to stockholders of record as of July 25, 2024.
Why It Matters
This filing provides clarity on upcoming dividend payments for preferred stockholders, impacting their expected income and the company's cash outflow.
Risk Assessment
Risk Level: low — The filing is a routine dividend declaration and does not introduce new financial risks or significant operational changes.
Key Numbers
- $0.1875 — Series A dividend per share (Dividend declared for Series A Term Preferred Stock)
- $0.18125 — Series B dividend per share (Dividend declared for Series B Term Preferred Stock)
- $0.20 — Series C dividend per share (Dividend declared for Series C Term Preferred Stock)
Key Players & Entities
- Eagle Point Income Company Inc. (company) — Registrant
- July 10, 2024 (date) — Filing date
- $0.1875 (dollar_amount) — Series A dividend per share
- $0.18125 (dollar_amount) — Series B dividend per share
- $0.20 (dollar_amount) — Series C dividend per share
- August 1, 2024 (date) — Payment date for dividends
- July 25, 2024 (date) — Record date for dividends
FAQ
What is the amount of the cash dividend declared for the Series A Term Preferred Stock?
The cash dividend declared for the Series A Term Preferred Stock is $0.1875 per share.
When will the declared dividends be paid?
The declared dividends are payable on August 1, 2024.
Who is eligible to receive these dividends?
Stockholders of record as of July 25, 2024, are eligible to receive these dividends.
What is the dividend amount for the Series C Term Preferred Stock?
The dividend amount for the Series C Term Preferred Stock is $0.20 per share.
What type of filing is this for Eagle Point Income Company Inc. on July 10, 2024?
This is a Form 8-K filing, reporting 'Other Events'.
Filing Stats: 514 words · 2 min read · ~2 pages · Grade level 8.9 · Accepted 2024-07-10 16:38:18
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share EIC New York Stock Exchan
- $15.19 — n stock as of June 30, 2024 was between $15.19 and $15.29. In addition, management's
- $15.29 — of June 30, 2024 was between $15.19 and $15.29. In addition, management's unaudited e
- $0.42 — quarter ended June 30, 2024 was between $0.42 and $0.46. The unaudited estimate of th
- $0.46 — ded June 30, 2024 was between $0.42 and $0.46. The unaudited estimate of the range of
- $0.10 — of estimated non-recurring expenses of $0.10 per share related to the issuance of th
Filing Documents
- tm2419116d1_8k.htm (8-K) — 35KB
- 0001104659-24-078965.txt ( ) — 259KB
- eic-20240710.xsd (EX-101.SCH) — 4KB
- eic-20240710_def.xml (EX-101.DEF) — 27KB
- eic-20240710_lab.xml (EX-101.LAB) — 37KB
- eic-20240710_pre.xml (EX-101.PRE) — 26KB
- tm2419116d1_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 June 30, 2024 was between $15.19 and $15.29. 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 June 30, 2024 was between $0.42 and $0.46. The unaudited estimate of the range of our net investment income and realized gain per share of our common stock for the quarter ended June 30, 2024 is net of estimated non-recurring expenses of $0.10 per share related to the issuance of the Company's 8.00% Series C Term Preferred Stock due 2029. 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: July 10, 2024 By: /s/ Kenneth P. Onorio Kenneth P. Onorio Chief Financial Officer and Chief Operating Officer