Eagle Point Income Key Executives
This section highlights Eagle Point Income's key executives, including their titles and compensation details.
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Eagle Point Income Earnings
This section highlights Eagle Point Income's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-20 | $0.49 | $0.46 |
| Read Transcript | Q3 | 2024 | 2024-11-14 | $0.50 | $0.50 |
| Read Transcript | Q2 | 2024 | 2024-08-06 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-21 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-22 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-14 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-15 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-26 | N/A | N/A |
Eagle Point Income Company Inc. (EIC)
Eagle Point Income Company manages capital on behalf of institutional, high-net-worth, and retail investors through private funds, separately managed accounts, and publicly-listed closed-end vehicles. They provide CLO securities and related investments. The investment objective is to generate high current income, with a secondary objective to generate capital appreciation.
$13.91
Stock Price
$353.45M
Market Cap
-
Employees
Greenwich, CT
Location
Financial Statements
Access annual & quarterly financial statements for Eagle Point Income, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $45.68M | $26.75M | $19.04M | $12.30M | $-3.25M |
| Cost of Revenue | $- | $3.88M | $3.08M | $3.27M | $1.73M |
| Gross Profit | $45.68M | $22.87M | $15.96M | $9.02M | $-4.98M |
| Gross Profit Ratio | 100.00% | 85.50% | 83.83% | 73.37% | 153.19% |
| Research and Development Expenses | $- | $- | $-1 | $1 | $2 |
| General and Administrative Expenses | $4.01M | $5.86M | $2.49M | $3.09M | $1.65M |
| Selling and Marketing Expenses | $- | $- | $- | $-4.79M | $- |
| Selling General and Administrative Expenses | $4.01M | $5.86M | $2.49M | $1 | $1.65M |
| Other Expenses | $113.23K | $- | $-29.29M | $-840.14K | $522.89K |
| Operating Expenses | $4.12M | $5.86M | $29.29M | $3.30M | $-522.89K |
| Cost and Expenses | $4.12M | $5.86M | $32.37M | $3.02M | $1.21M |
| Interest Income | $46.11M | $26.69M | $18.95M | $11.86M | $11.28M |
| Interest Expense | $7.59M | $3.25M | $2.53M | $764.72K | $532.18K |
| Depreciation and Amortization | $- | $15.55M | $32.37M | $3.45M | $1.21M |
| EBITDA | $- | $32.56M | $-13.33M | $8.85M | $- |
| EBITDA Ratio | 0.00% | 121.71% | -70.02% | 71.96% | 0.00% |
| Operating Income | $41.55M | $17.01M | $-13.33M | $6.94M | $-4.46M |
| Operating Income Ratio | 90.98% | 63.58% | -70.02% | 56.45% | 137.10% |
| Total Other Income Expenses Net | $- | $12.28M | $-16.03M | $10.29M | $-5.11M |
| Income Before Tax | $41.55M | $29.29M | $-15.95M | $8.85M | $-5.05M |
| Income Before Tax Ratio | 90.98% | 109.48% | -83.76% | 71.96% | 155.29% |
| Income Tax Expense | $- | $- | $14.20M | $8.85M | $8.31M |
| Net Income | $41.55M | $29.29M | $-15.95M | $8.01M | $-5.05M |
| Net Income Ratio | 90.98% | 109.48% | -83.76% | 65.13% | 155.29% |
| EPS | $2.64 | $3.08 | $-2.28 | $0.98 | $-0.83 |
| EPS Diluted | $2.64 | $3.08 | $-2.28 | $8007775.00 | $-0.83 |
| Weighted Average Shares Outstanding | 15.73M | 9.51M | 6.99M | 1 | 6.11M |
| Weighted Average Shares Outstanding Diluted | 15.73M | 9.51M | 6.99M | 1 | 6.11M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.91M | $9.37M | $8.51M | $6.97M | $5.76M | $5.50M | $5.51M | $5.00M | $4.47M | $4.06M | $3.90M | $2.90M | $2.60M | $2.89M | $2.62M | $2.50M | $3.08M | $3.51M | $2.82M | $2.18M |
| Cost of Revenue | $384.81K | $1.04M | $861.93K | $1.80M | $595.59K | $621.51K | $594.35K | $1.10M | $633.68K | $746.72K | $626.06K | $538.30K | $497.15K | $518.73K | $444.69K | $421.25K | $381.73K | $826.03K | $692.47K | $580.11K |
| Gross Profit | $10.53M | $8.33M | $7.64M | $5.18M | $5.16M | $4.88M | $4.92M | $3.89M | $3.84M | $3.31M | $3.27M | $2.36M | $2.11M | $2.37M | $2.17M | $2.08M | $2.70M | $2.68M | $2.12M | $1.60M |
| Gross Profit Ratio | 96.47% | 88.95% | 89.87% | 74.20% | 89.65% | 88.70% | 89.22% | 77.91% | 85.83% | 81.60% | 83.94% | 81.41% | 80.91% | 82.03% | 83.00% | 83.13% | 87.62% | 76.45% | 75.40% | 73.41% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.98M | $1.31M | $1.43M | $2.52M | $531.83K | $906.32K | $953.73K | $1.48M | $907.66K | $1.12M | $2.39M | $852.29K | $732.51K | $816.54K | $708.59K | $649.73K | $864.67K | $710.96K | $756.64K | $678.25K |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $84.79K | $37.96K | $50.91K | $34.65K |
| Selling General and Administrative Expenses | $1.98M | $1.31M | $1.43M | $2.52M | $531.83K | $906.32K | $953.73K | $1.48M | $907.66K | $1.12M | $2.39M | $852.29K | $732.51K | $816.54K | $708.59K | $649.73K | $864.67K | $710.96K | $756.64K | $678.25K |
| Other Expenses | $- | $9.89M | $1.20M | $9.88M | $-1.62M | $- | $2.18M | $-6.79M | $-21.12M | $- | $- | $- | $- | $- | $13.08M | $4.96M | $30.23M | $- | $- | $- |
| Operating Expenses | $2.02M | $9.09M | $323.52K | $8.08M | $1.62M | $381.56K | $1.59M | $7.89M | $21.73M | $4.30M | $4.83M | $725.36K | $1.99M | $902.10K | $-13.08M | $-4.96M | $-30.23M | $63.19M | $69.30K | $3.77M |
| Cost and Expenses | $3.02M | $-8.85M | $-336.13K | $-8.08M | $2.21M | $381.56K | $-1.59M | $7.89M | $21.75M | $4.32M | $3.93M | $-831.26K | $-1.98M | $1.20M | $-12.64M | $-4.42M | $-29.73M | $63.19M | $69.30K | $3.77M |
| Interest Income | $10.89M | $1.25M | $1.30M | $948.76K | $5.74M | $517.96K | $703.66K | $701.75K | $626.22K | $583.02K | $440.90K | $216.81K | $131.84K | $128.78K | $118.41K | $112.60K | $2.73M | $- | $- | $- |
| Interest Expense | $1.89M | $- | $- | $- | $506.88K | $- | $703.66K | $701.75K | $- | $- | $- | $- | $117.07K | $- | $- | $- | $31.08M | $- | $951.92K | $- |
| Depreciation and Amortization | $-7.87M | $-7.75M | $-6.86M | $-4.49M | $-4.74M | $-4.58M | $-4.28M | $-3.51M | $-3.53M | $-2.88M | $-1.19M | $-2.14M | $-1.86M | $-1.76M | $-1.82M | $-1.83M | $-1.85M | $-2.82M | $-1.93M | $-1.48M |
| EBITDA | $- | $10.47M | $1.99M | $15.05M | $-1.20M | $541.02K | $2.82M | $-2.89M | $-17.28M | $-260.40K | $-28.18K | $1.59M | $2.73M | $-71.81K | $15.25M | $7.03M | $30.96M | $-59.91M | $901.43K | $-1.59M |
| EBITDA Ratio | 0.00% | 111.79% | 23.34% | 215.80% | -20.80% | 9.83% | 51.09% | -57.95% | -386.29% | -6.42% | -0.72% | 54.92% | 104.89% | -2.49% | 583.13% | 281.72% | 1004.15% | -1708.26% | 32.02% | -72.78% |
| Operating Income | $7.89M | $18.22M | $8.84M | $15.05M | $3.54M | $5.12M | $7.10M | $-2.89M | $-17.28M | $-260.40K | $-28.18K | $3.73M | $4.59M | $1.69M | $15.25M | $7.03M | $32.93M | $2.82M | $1.93M | $1.48M |
| Operating Income Ratio | 72.29% | 194.46% | 103.95% | 215.80% | 61.57% | 93.06% | 128.81% | -57.95% | -386.29% | -6.42% | -0.72% | 128.70% | 176.16% | 58.38% | 583.13% | 281.72% | 1068.20% | 80.27% | 68.65% | 67.88% |
| Total Other Income Expenses Net | $619.58K | $-1.25M | $-1.30M | $-948.76K | $-1.72M | $6.81K | $-703.66K | $-701.76K | $-626.22K | $-3.77M | $-2.88M | $-138.62K | $2.59M | $-128.78K | $-118.41K | $- | $30.94M | $-62.73M | $- | $-3.09M |
| Income Before Tax | $8.51M | $16.97M | $7.55M | $14.10M | $3.04M | $4.60M | $6.40M | $-3.60M | $-17.90M | $-843.43K | $-1.59M | $3.59M | $4.46M | $1.56M | $15.13M | $6.92M | $32.81M | $-59.91M | $2.83M | $-1.59M |
| Income Before Tax Ratio | 77.97% | 181.10% | 88.72% | 202.20% | 52.73% | 83.65% | 116.04% | -72.00% | -400.29% | -20.78% | -40.88% | 123.92% | 171.10% | 53.92% | 578.60% | 277.21% | 1064.17% | -1708.26% | 100.67% | -72.78% |
| Income Tax Expense | $- | $7.75M | $689.81K | $9.62M | $4.74M | $23.06K | $4.28M | $3.51M | $3.53M | $2.88M | $1.19M | $2.14M | $1.86M | $1.76M | $1.82M | $1.83M | $1.85M | $-62.73M | $901.43K | $-3.07M |
| Net Income | $8.51M | $16.97M | $7.55M | $14.10M | $3.04M | $4.60M | $6.40M | $-3.60M | $-17.90M | $-843.43K | $-1.59M | $3.59M | $4.46M | $1.56M | $15.13M | $6.92M | $32.81M | $-59.91M | $2.83M | $-1.59M |
| Net Income Ratio | 77.97% | 181.10% | 88.72% | 202.20% | 52.73% | 83.65% | 116.04% | -72.00% | -400.29% | -20.78% | -40.88% | 123.92% | 171.10% | 53.92% | 578.60% | 277.21% | 1064.17% | -1708.26% | 100.67% | -72.78% |
| EPS | $0.54 | $1.39 | $0.68 | $1.49 | $0.35 | $0.56 | $0.81 | $-0.51 | $-2.56 | $-0.12 | $-0.23 | $0.58 | $0.73 | $0.25 | $2.48 | $1.13 | $5.37 | $-9.96 | $0.47 | $-0.26 |
| EPS Diluted | $0.54 | $1.39 | $0.69 | $1.49 | $0.35 | $0.56 | $0.81 | $-0.51 | $-2.56 | $-0.12 | $-0.23 | $0.58 | $0.73 | $0.25 | $2.48 | $1.13 | $5.37 | $-9.96 | $0.47 | $-0.26 |
| Weighted Average Shares Outstanding | 15.73M | 12.21M | 11.00M | 9.46M | 8.67M | 8.22M | 7.90M | 7.00M | 7.00M | 7.00M | 6.88M | 6.15M | 6.11M | 6.11M | 6.11M | 6.11M | 6.11M | 6.02M | 6.02M | 6.02M |
| Weighted Average Shares Outstanding Diluted | 15.73M | 12.21M | 11.00M | 9.46M | 8.67M | 8.22M | 7.90M | 7.00M | 7.00M | 7.00M | 6.88M | 6.15M | 6.11M | 6.11M | 6.11M | 6.11M | 6.11M | 6.02M | 6.02M | 6.02M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $8.10M | $944.06K | $37.06K | $211.76K | $36.70K |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $8.10M | $944.06K | $37.06K | $211.76K | $36.70K |
| Net Receivables | $11.25M | $7.04M | $4.58M | $2.94M | $1.91M |
| Inventory | $- | $- | $- | $-172.93M | $- |
| Other Current Assets | $-11.25M | $826.28K | $580.67K | $256.63K | $321.93K |
| Total Current Assets | $8.10M | $8.81M | $5.19M | $3.41M | $2.26M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $435.60M | $234.92M | $143.38M | $169.77M | $116.43M |
| Tax Assets | $- | $- | $148.57M | $173.18M | $118.70M |
| Other Non-Current Assets | $-435.60M | $- | $-148.57M | $-173.18M | $-118.70M |
| Total Non-Current Assets | $447.44M | $234.92M | $143.38M | $169.77M | $116.43M |
| Other Assets | $455.54M | $- | $- | $- | $6.45K |
| Total Assets | $455.54M | $243.73M | $148.57M | $173.18M | $118.70M |
| Account Payables | $88.22K | $143.80K | $143.39K | $1.42M | $71.47K |
| Short Term Debt | $- | $14.49M | $9.02M | $19.46M | $- |
| Tax Payables | $38.11K | $228.48K | $262.64K | $94.38K | $16.72K |
| Deferred Revenue | $- | $- | $-9.02M | $-92.54M | $-14.77M |
| Other Current Liabilities | $-126.33K | $-14.86M | $-9.43M | $-20.98M | $-88.19K |
| Total Current Liabilities | $- | $17.55M | $10.43M | $22.01M | $805.94K |
| Long Term Debt | $- | $- | $45.22M | $- | $14.77M |
| Deferred Revenue Non-Current | $- | $- | $46.63M | $57.83M | $15.58M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-46.63M | $-54.68M | $-13.64M |
| Other Non-Current Liabilities | $- | $- | $-45.22M | $- | $-14.77M |
| Total Non-Current Liabilities | $- | $- | $36.20M | $35.83M | $14.77M |
| Other Liabilities | $138.55M | $85.52M | $- | $74.31M | $- |
| Total Liabilities | $138.55M | $85.52M | $46.63M | $132.14M | $15.58M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $340.18M | $191.38M | $146.04M | $- | $119.18M |
| Retained Earnings | $-22.87M | $-33.60M | $-42.27M | $115.35M | $-16.06M |
| Accumulated Other Comprehensive Income Loss | $- | $434.22K | $-1.83M | $115.35M | $0 |
| Other Total Stockholders Equity | $-316.21K | $- | $-1.83M | $-1 | $- |
| Total Stockholders Equity | $316.99M | $158.21M | $101.94M | $173.18M | $103.12M |
| Total Equity | $316.99M | $158.21M | $147.13M | $228.26M | $117.85M |
| Total Liabilities and Stockholders Equity | $455.54M | $243.73M | $148.57M | $55.29M | $118.70M |
| Minority Interest | $- | $- | $45.18M | $55.08M | $14.73M |
| Total Liabilities and Total Equity | $455.54M | $243.73M | $148.57M | $55.29M | $118.70M |
| Total Investments | $435.60M | $234.92M | $143.38M | $169.77M | $116.43M |
| Total Debt | $- | $14.49M | $45.22M | $19.46M | $14.77M |
| Net Debt | $-8.10M | $13.54M | $45.18M | $19.25M | $14.73M |
Balance Sheet Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $10.60M | $114.94K | $944.06K | $489 | $1.19M | $106.22K | $37.06K | $74.03K | $123.92K | $987.35K | $211.76K | $352.13K | $31.06K | $19.49K | $36.70K | $20.56K | $97.53K | $20.78K | $196.49K | $8.85M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $10.60M | $114.94K | $944.06K | $489 | $1.19M | $106.22K | $37.06K | $74.03K | $123.92K | $987.35K | $211.76K | $352.13K | $31.06K | $19.49K | $36.70K | $20.56K | $97.53K | $20.78K | $196.49K | $8.85M |
| Net Receivables | $8.85M | $7.84M | $7.04M | $5.90M | $4.62M | $4.85M | $4.58M | $3.92M | $3.49M | $3.20M | $2.94M | $3.88M | $1.97M | $1.93M | $1.91M | $2.04M | $2.25M | $8.56M | $2.69M | $2.12M |
| Inventory | $- | $- | $1 | $- | $- | $- | $- | $1 | $1 | $- | $- | $- | $- | $1 | $- | $- | $1 | $- | $- | $- |
| Other Current Assets | $615.46K | $693.61K | $826.28K | $569.48K | $426.80K | $586.19K | $580.67K | $333.10K | $259.86K | $321.98K | $256.63K | $231.69K | $262.55K | $292.24K | $321.93K | $226.10K | $136.59K | $278.02K | $271.17K | $- |
| Total Current Assets | $20.06M | $8.65M | $8.81M | $6.47M | $6.24M | $5.55M | $5.19M | $4.32M | $3.88M | $4.51M | $3.41M | $4.47M | $2.26M | $2.24M | $2.26M | $2.29M | $2.49M | $8.86M | $3.16M | $10.97M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $330.71M | $280.89M | $234.92M | $206.65M | $147.25M | $147.39M | $143.38M | $143.51M | $150.47M | $170.30M | $169.77M | $137.78M | $133.09M | $120.89M | $116.43M | $100.85M | $92.09M | $61.55M | $133.68M | $108.89M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $8.33K | $- | $- | $- | $- | $-147.39M | $- | $- | $- | $- | $- | $- | $1 | $- | $6.45K | $- | $- | $- | $- | $61.74K |
| Total Non-Current Assets | $330.72M | $280.89M | $234.92M | $206.65M | $147.25M | $147.39M | $143.38M | $143.51M | $150.47M | $170.30M | $169.77M | $137.78M | $133.09M | $120.89M | $116.43M | $100.85M | $92.09M | $61.55M | $133.68M | $108.96M |
| Other Assets | $- | $- | $- | $- | $1.27K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $350.78M | $289.54M | $243.73M | $213.13M | $153.49M | $152.93M | $148.57M | $147.83M | $154.34M | $174.80M | $173.18M | $142.24M | $135.35M | $123.13M | $118.70M | $103.14M | $94.58M | $70.41M | $136.84M | $119.93M |
| Account Payables | $10.77K | $540.10K | $28.00K | $- | $15.56K | $2.23M | $143.39K | $- | $212.87K | $- | $- | $7.69M | $79.42K | $- | $- | $- | $71.93K | $368.76K | $5.92M | $3.38M |
| Short Term Debt | $- | $540.10K | $28.00K | $4.07M | $- | $2.23M | $9.02M | $21.32M | $21.52M | $21.24M | $19.46M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $19.63K | $- | $- | $- | $6.74K | $- | $262.64K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $18.29M | $14.46M | $- | $- | $671.39K | $-9.02M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-30.39K | $19.57M | $15.98M | $1.15M | $-22.30K | $1.62M | $-9.43M | $1.05M | $1.04M | $995.25K | $2.54M | $729.12K | $-79.42K | $822.38K | $805.94K | $634.24K | $-71.93K | $475.60K | $-5.92M | $583.92K |
| Total Current Liabilities | $3.54M | $20.65M | $16.03M | $5.22M | $995.39K | $6.08M | $10.43M | $22.38M | $22.77M | $22.24M | $22.01M | $8.42M | $844.11K | $822.38K | $805.94K | $634.24K | $716.71K | $844.36K | $6.79M | $3.96M |
| Long Term Debt | $109.22M | $91.82M | $83.97M | $67.46M | $35.73M | $38.44M | $45.22M | $34.10M | $35.99M | $37.00M | $35.83M | $25.00M | $28.39M | $19.10M | $14.77M | $11.89M | $7.55M | $15.40M | $13.64M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $-109.22M | $-18.83M | $-14.49M | $- | $-35.73M | $-2.90M | $-45.22M | $- | $- | $- | $- | $- | $-28.39M | $- | $- | $953 | $-7.55M | $58.42K | $-13.64M | $- |
| Total Non-Current Liabilities | $109.22M | $72.99M | $69.49M | $67.46M | $35.73M | $35.54M | $36.20M | $34.10M | $35.99M | $37.00M | $35.83M | $25.00M | $28.39M | $19.10M | $14.77M | $11.89M | $7.55M | $15.46M | $13.64M | $- |
| Other Liabilities | $-1.76M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $3.96M |
| Total Liabilities | $111.01M | $93.63M | $85.52M | $72.68M | $36.73M | $41.62M | $46.63M | $56.48M | $58.76M | $59.23M | $57.83M | $33.42M | $29.23M | $19.92M | $15.58M | $12.53M | $8.26M | $16.31M | $20.43M | $3.96M |
| Preferred Stock | $- | $1 | $- | $- | $- | $502.88K | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $266.56M | $223.28M | $191.38M | $174.42M | $160.78M | $153.46M | $146.04M | $134.04M | $134.01M | $133.99M | $132.14M | $119.95M | $119.19M | $119.18M | $119.18M | $120.39M | $120.39M | $119.53M | $119.53M | $119.53M |
| Retained Earnings | $-26.47M | $-26.46M | $-33.60M | $-33.10M | $-42.72M | $-41.64M | $-42.27M | $-46.05M | $-39.83M | $-19.30M | $-15.97M | $-11.13M | $-13.07M | $-15.96M | $-16.06M | $-29.78M | $-34.08M | $-65.43M | $-3.12M | $-3.56M |
| Accumulated Other Comprehensive Income Loss | $-316.97K | $-919.33K | $434.22K | $-873.25K | $-1.30M | $-502.88K | $-1.83M | $3.36M | $1.40M | $877.78K | $-826.00K | $-0 | $0 | $-0 | $0 | $-0 | $- | $- | $0 | $-0 |
| Other Total Stockholders Equity | $- | $-1 | $- | $- | $- | $-502.88K | $-1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1 | $- | $- |
| Total Stockholders Equity | $239.77M | $195.90M | $158.21M | $140.45M | $116.76M | $111.31M | $101.94M | $91.35M | $95.59M | $115.57M | $115.35M | $108.82M | $106.12M | $103.21M | $103.12M | $90.61M | $86.32M | $54.10M | $116.41M | $115.97M |
| Total Equity | $239.77M | $195.90M | $158.21M | $140.45M | $116.76M | $111.31M | $101.94M | $91.35M | $95.59M | $115.57M | $115.35M | $108.82M | $106.12M | $103.21M | $103.12M | $90.61M | $86.32M | $54.10M | $116.41M | $115.97M |
| Total Liabilities and Stockholders Equity | $350.78M | $289.54M | $243.73M | $213.13M | $153.49M | $152.93M | $148.57M | $147.83M | $154.34M | $174.80M | $173.18M | $142.24M | $135.35M | $123.13M | $118.70M | $103.14M | $94.58M | $70.41M | $136.84M | $119.93M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $350.78M | $289.54M | $243.73M | $213.13M | $153.49M | $152.93M | $148.57M | $147.83M | $154.34M | $174.80M | $173.18M | $142.24M | $135.35M | $123.13M | $118.70M | $103.14M | $94.58M | $70.41M | $136.84M | $119.93M |
| Total Investments | $330.71M | $280.89M | $234.92M | $206.65M | $147.25M | $147.39M | $143.38M | $143.51M | $150.47M | $170.30M | $169.77M | $137.78M | $133.09M | $120.89M | $116.43M | $100.85M | $92.09M | $61.55M | $133.68M | $108.89M |
| Total Debt | $109.25M | $92.36M | $84.00M | $71.53M | $35.73M | $40.67M | $45.22M | $55.42M | $57.51M | $58.24M | $55.29M | $25.00M | $28.39M | $19.10M | $14.77M | $11.89M | $7.55M | $15.40M | $13.64M | $- |
| Net Debt | $98.66M | $92.24M | $83.06M | $71.53M | $34.54M | $40.56M | $45.18M | $55.35M | $57.39M | $57.25M | $55.08M | $24.65M | $28.35M | $19.08M | $14.73M | $11.87M | $7.45M | $15.38M | $13.44M | $-8.85M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $41.55M | $29.29M | $-15.95M | $8.01M | $-5.05M |
| Depreciation and Amortization | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $-3.18M | $-2.47M | $-1.72M | $-586.43K | $659.66K |
| Accounts Receivables | $-3.99M | $-2.33M | $-1.63M | $-1.03M | $782.13K |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $239.59K | $-5.23K | $154.37K | $-23.94K |
| Other Working Capital | $814.36K | $-376.20K | $-82.29K | $284.57K | $-98.53K |
| Other Non Cash Items | $-195.44M | $-90.25M | $27.28M | $-1.22M | $12.52M |
| Net Cash Provided by Operating Activities | $-157.06M | $-63.43M | $9.61M | $5.33M | $8.13M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-83.54M | $-14.41M | $-89.25M | $-36.13M |
| Sales Maturities of Investments | $- | $- | $9.88M | $38.10M | $35.01M |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $-4.53M | $-51.14M | $-1.12M |
| Debt Repayment | $-12.52M | $5.49M | $-10.52M | $4.74M | $1.07M |
| Common Stock Issued | $151.99M | $42.66M | $14.36M | $13.41M | $862.55K |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-34.32M | $-18.08M | $-12.16M | $-7.05M | $-9.10M |
| Other Financing Activities | $59.08M | $34.26M | $3.06M | $34.88M | $- |
| Net Cash Used Provided by Financing Activities | $164.22M | $64.34M | $-5.26M | $45.99M | $-7.17M |
| Effect of Forex Changes on Cash | $- | $- | $1 | $-2 | $- |
| Net Change in Cash | $7.16M | $907.00K | $-174.70K | $175.06K | $-159.78K |
| Cash at End of Period | $8.10M | $944.06K | $37.06K | $211.76K | $36.70K |
| Cash at Beginning of Period | $944.06K | $37.06K | $211.76K | $36.70K | $196.49K |
| Operating Cash Flow | $-157.06M | $-63.43M | $9.61M | $5.33M | $8.13M |
| Capital Expenditure | $- | $4 | $- | $- | $- |
| Free Cash Flow | $-157.06M | $-63.43M | $9.61M | $5.33M | $8.13M |
Cash Flow Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $8.51M | $16.97M | $7.55M | $14.10M | $3.04M | $4.60M | $6.40M | $-3.60M | $-17.90M | $-843.43K | $-1.59M | $3.59M | $4.46M | $1.56M | $15.13M | $6.92M | $32.81M | $-59.91M | $2.83M | $-1.59M |
| Depreciation and Amortization | $12.50K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-449.14K | $-780.22K | $-915.53K | $-1.27M | $444.47K | $-472.66K | $-550.00K | $-478.15K | $-191.30K | $-502.58K | $-338.12K | $-295.25K | $15.87K | $31.07K | $206.72K | $36.58K | $499.43K | $50.86K | $-607.03K | $641.04K |
| Accounts Receivables | $-1.01M | $-672.39K | $-1.03M | $-1.28M | $238.65K | $-262.37K | $-657.79K | $-424.11K | $-293.25K | $-259.36K | $-693.43K | $-274.87K | $-35.54K | $-21.52K | $137.29K | $208.56K | $544.07K | $-107.79K | $-565.96K | $-970.13K |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $178.29K | $145.17K | $89.85K | $180.50K | $- | $- | $17.60K | $-28.89K | $-53.34K | $59.39K | $87.77K | $14.14K | $6.29K | $46.17K | $50.44K | $12.53K | $-99.48K | $3.08K | $-8.12K | $-266.80K |
| Other Working Capital | $385.01K | $-253.00K | $24.46K | $-171.04K | $205.82K | $-210.29K | $90.19K | $-25.15K | $155.28K | $-302.62K | $267.55K | $-34.51K | $45.12K | $6.41K | $18.98K | $-184.51K | $54.84K | $158.65K | $-41.07K | $1.61M |
| Other Non Cash Items | $-50.57M | $-10.11M | $-1.20M | $-9.60M | $-2.70M | $-1.37M | $-2.26M | $6.80M | $21.09M | $3.29M | $2.89M | $-1.40M | $-2.76M | $51.62K | $-13.68M | $-5.54M | $-31.57M | $60.33M | $-22.11M | $-24.30M |
| Net Cash Provided by Operating Activities | $-42.49M | $5.56M | $4.49M | $2.14M | $781.39K | $2.76M | $2.95M | $2.27M | $2.65M | $1.74M | $353.17K | $1.63M | $1.68M | $1.66M | $1.85M | $1.64M | $2.19M | $468.86K | $-19.89M | $-25.25M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-65.29M | $-49.31M | $-27.12M | $-50.78M | $- | $- | $-348.82K | $-212.87K | $-5.73M | $-8.12M | $-61.43M | $-3.09M | $-11.36M | $-13.36M | $-5.27M | $-3.56M | $-4.11M | $- | $- | $- |
| Sales Maturities of Investments | $17.52M | $13.80M | $2.95M | $1.34M | $- | $- | $245.78K | $713.89K | $4.57M | $4.35M | $21.17M | $6.13M | $1.96M | $8.84M | $3.20M | $144.79K | $10.46M | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $-1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $-35.51M | $-24.17M | $-49.44M | $- | $- | $-103.04K | $501.03K | $-1.16M | $-3.76M | $-40.26M | $3.04M | $-9.40M | $-4.53M | $-2.07M | $-3.42M | $6.36M | $- | $- | $- |
| Debt Repayment | $-18.85M | $4.33M | $10.40M | $4.12M | $-2.90M | $-6.12M | $-12.29M | $-225.00K | $250.00K | $1.75M | $-5.45M | $-3.40M | $9.28M | $4.31M | $2.87M | $4.33M | $-7.87M | $1.75M | $- | $- |
| Common Stock Issued | $80.35M | $32.07M | $15.73M | $46.53M | $- | $- | $12.44M | $26.83K | $24.31K | $4.91M | $47.64M | $763.40K | $5.95K | $- | $- | $- | $862.55K | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $721 | $-721 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $862.55K | $- | $- | $26.34M |
| Dividends Paid | $-8.52M | $-7.28M | $-5.51M | $-4.49M | $-4.11M | $-3.97M | $-3.05M | $-2.62M | $-2.62M | $-3.86M | $-2.37M | $-1.65M | $-1.56M | $-1.47M | $-2.63M | $-2.63M | $-1.46M | $-2.39M | $-2.39M | $-3.05M |
| Other Financing Activities | $80.35M | $32.07M | $15.73M | $46.47M | $7.32M | $7.40M | $12.46M | $26.83K | $24.31K | $4.91M | $47.53M | $763.40K | $5.95K | $- | $-1 | $- | $862.55K | $- | $13.62M | $26.34M |
| Net Cash Used Provided by Financing Activities | $52.97M | $29.12M | $20.62M | $46.11M | $301.89K | $-2.69M | $-2.89M | $-2.82M | $-2.35M | $2.80M | $39.71M | $-4.29M | $7.72M | $2.84M | $239.22K | $1.70M | $-8.47M | $-644.57K | $11.23M | $23.30M |
| Effect of Forex Changes on Cash | $- | $- | $- | $-1 | $- | $- | $2 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $10.48M | $-829.12K | $943.57K | $-1.19M | $1.08M | $69.16K | $-36.97K | $-49.89K | $-863.43K | $775.59K | $-140.37K | $321.06K | $11.58K | $-17.22K | $16.14K | $-76.97K | $76.76K | $-175.71K | $-8.66M | $-1.95M |
| Cash at End of Period | $10.60M | $114.94K | $944.06K | $489 | $1.19M | $106.22K | $37.06K | $74.03K | $123.92K | $987.35K | $211.76K | $352.13K | $31.06K | $19.49K | $36.70K | $20.56K | $97.53K | $20.78K | $196.49K | $8.85M |
| Cash at Beginning of Period | $114.94K | $944.06K | $489 | $1.19M | $106.22K | $37.06K | $74.03K | $123.92K | $987.35K | $211.76K | $352.13K | $31.06K | $19.49K | $36.70K | $20.56K | $97.53K | $20.78K | $196.49K | $8.85M | $10.81M |
| Operating Cash Flow | $-42.49M | $5.56M | $4.49M | $2.14M | $781.39K | $2.76M | $2.95M | $2.27M | $2.65M | $1.74M | $353.17K | $1.63M | $1.68M | $1.66M | $1.85M | $1.64M | $2.19M | $468.86K | $-19.89M | $-25.25M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-42.49M | $5.56M | $4.49M | $2.14M | $781.39K | $2.76M | $2.95M | $2.27M | $2.65M | $1.74M | $353.17K | $1.63M | $1.68M | $1.66M | $1.85M | $1.64M | $2.19M | $468.86K | $-19.89M | $-25.25M |
Eagle Point Income Dividends
Explore Eagle Point Income's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
14.04%
Dividend Payout Ratio
82.60%
Dividend Paid & Capex Coverage Ratio
-4.58x
Eagle Point Income Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.2 | $0.2 | June 10, 2025 | June 10, 2025 | June 30, 2025 | |
| $0.2 | $0.2 | May 12, 2025 | May 12, 2025 | May 30, 2025 | February 12, 2025 |
| $0.2 | $0.2 | April 10, 2025 | April 10, 2025 | April 30, 2025 | February 12, 2025 |
| $0.2 | $0.2 | March 11, 2025 | March 11, 2025 | March 31, 2025 | November 06, 2024 |
| $0.2 | $0.2 | February 10, 2025 | February 10, 2025 | February 28, 2025 | November 06, 2024 |
| $0.2 | $0.2 | January 13, 2025 | January 13, 2025 | January 31, 2025 | November 06, 2024 |
| $0.2 | $0.2 | December 11, 2024 | December 11, 2024 | December 31, 2024 | July 30, 2024 |
| $0.2 | $0.2 | November 12, 2024 | November 12, 2024 | November 29, 2024 | July 30, 2024 |
| $0.2 | $0.2 | October 11, 2024 | October 11, 2024 | October 31, 2024 | July 30, 2024 |
| $0.2 | $0.2 | September 10, 2024 | September 10, 2024 | September 30, 2024 | May 15, 2024 |
| $0.2 | $0.2 | August 12, 2024 | August 12, 2024 | August 30, 2024 | May 15, 2024 |
| $0.2 | $0.2 | July 11, 2024 | July 11, 2024 | July 31, 2024 | May 15, 2024 |
| $0.2 | $0.2 | June 10, 2024 | June 10, 2024 | June 28, 2024 | February 13, 2024 |
| $0.2 | $0.2 | May 10, 2024 | May 13, 2024 | May 31, 2024 | February 13, 2024 |
| $0.2 | $0.2 | April 09, 2024 | April 10, 2024 | April 30, 2024 | February 13, 2024 |
| $0.2 | $0.2 | March 07, 2024 | March 08, 2024 | March 28, 2024 | November 08, 2023 |
| $0.2 | $0.2 | February 08, 2024 | February 09, 2024 | February 29, 2024 | November 08, 2023 |
| $0.2 | $0.2 | January 10, 2024 | January 11, 2024 | January 31, 2024 | November 08, 2023 |
| $0.18 | $0.18 | December 08, 2023 | December 11, 2023 | December 29, 2023 | August 09, 2023 |
| $0.18 | $0.18 | November 10, 2023 | November 13, 2023 | November 30, 2023 | August 09, 2023 |
Eagle Point Income News
Read the latest news about Eagle Point Income, including recent articles, headlines, and updates.
Eagle Point Income Company: Assessing Yield Sustainability
Eagle Point Income Co Inc. offers a 15.8% yield by investing in junior CLOs and using leverage, but this comes with significant risks. The fund's distribution sustainability is questionable, as it has relied on unrealized gains to cover payouts in recent years. Lower interest rates and economic downturns pose substantial risks to the fund's income and distribution stability.
Why CLO Equity Could Be In For More Pain Ahead (And How To Navigate It)
CLO equity prices are facing pressure from rising risks and default expectations. CLO equity is still generating strong cash flows for patient investors. Our CEF rotation strategy can deliver alpha during volatile market conditions.
Eagle Point Income: CLO Funds Are Still On The Menu
Eagle Point Income is a buy despite recent drops, driven by external factors and market volatility from the new US administration. CLOs bundle low-rated loans, offering different risk levels; EIC invests in the BB tranche, focusing on corporate debt. EIC's portfolio is diversified across 1,466 obligors, primarily in the tech and healthcare sectors, with a forward yield of 16%.
Preferreds Weekly Review: The Risk Of Preferreds Dilution
We take a look at the action in preferreds and baby bonds through the second week of March and highlight some of the key themes we are watching. Preferred stocks saw a slight gain over the week, driven by stable spreads and a Treasury rally, though most sectors are still down for the month. Highland Opportunities and Income Fund's new preferred HFRO.PR.B has similar economics to HFRO.PR.A but lower asset coverage, raising concerns about future preferred issuances.
CEF Distribution Coverage: What To Worry About And What Not To Worry About
Closed-end funds are ideal for investors prioritizing steady cash income over capital gains, benefiting from buying at discounts and institutional leverage terms. Distribution "coverage" is critical. But it can be complicated trying to determine what is actually sufficient versus insufficient coverage.
Eagle Point Income: Distribution Remains Well Covered As NAV Grows
Eagle Point Income remains a buy due to strong net investment income, low default rates, and a growing NAV. EIC's portfolio, heavily focused on CLO debt investments, benefits from higher interest rates, ensuring elevated cash flows and dividend sustainability. The fund's diversified portfolio and high dividend yield of around 15% make it an attractive option for income-focused investors.
Eagle Point Income Co Inc. (EIC) Q4 2024 Earnings Call Transcript
Eagle Point Income Co Inc. (NYSE:EIC ) Q4 2024 Earnings Conference Call February 20, 2025 11:30 AM ET Company Participants Peter Sceusa – ICR Tom Majewski – Chairman and Chief Executive Officer Dan Ko – Senior Principal and Portfolio Manager Lena Umnova – Chief Accounting Officer Conference Call Participants Mickey Schleien – Ladenburg Thalmann Operator Ladies and gentlemen, greetings, and welcome to the Eagle Point Income Company Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Eagle Point Income Company Inc. Announces Fourth Quarter and Full Year 2024 Financial Results
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter and full year ended December 31, 2024 and certain additional activity through January 31, 2025. “Our fourth quarter performance capped off another excellent year for the Company. We continue to generate strong cash flows and generated a return on equity of 21.0% for 2024,” said Thomas P. Majewski, Chairman and Chief Executive Officer.
CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains
We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year.
CEF Weekly Review: CLO Equity CEFs Put Up Varying Performance
We review the CEF market valuation and performance through the last week of January and highlight recent market action. CEFs had a mixed week, with Municipal sectors outperforming due to a drop in Treasury yields; January reversed nearly all December CEF losses. CLO Equity CEFs showed varied returns with EIC exhibiting unusual returns.
Eagle Point Income Company Inc. Schedules Release of Fourth Quarter 2024 and Year-End 2024 Financial Results on Thursday, February 20, 2025
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter and fiscal year ended December 31, 2024 on Thursday, February 20, 2025. The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time). Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with Lena Umnova, the Investment Adviser's Chie.
Yield Hunting (Part 1): EICC - An 8.2% YTM Addition To Our Short-Duration Portfolio
Eagle Point Income Co.'s 8.0% Series C Term Preferred Stock offers an attractive yield and strong protection due to its CLO-Debt-heavy portfolio. EICC pays an 8% annual cumulative dividend, has a maturity date in 2029, and is currently trading with a Yield to Maturity of 8.22%. The company's capital structure and mandatory asset coverage covenants provide confidence in the preservation of principal for preferred stock investors.
Eagle Point Credit CEO Tom Majewski On Funds And Income
Founder and CEO Tom Majewski explains Eagle Point's two funds, ECC and EIC, and offering high monthly distributions to investors. CLOs, backed by senior secured loans to large corporations, provide robust cash flow and have shown resilience across multiple credit cycles.
Eagle Point Income: 2-Year Term Preferred Offers 7.3% Yield To Maturity
I recommend Eagle Point Income's preferred shares Series A due to their appealing yield to maturity of 7.3-7.4% and strong asset coverage ratio exceeding 300%. EIC's net investment income of $8.6M comfortably covers preferred dividends, ensuring a solid income stream and financial stability. The balance sheet shows $405M in assets against $130M in liabilities, enhancing the safety of preferred shares.
Preferreds Weekly Review: Market Doesn't Differentiate Between CLO Equity Senior Securities
We take a look at the action in preferreds and baby bonds through the third week of December and highlight some of the key themes we are watching. All preferred stock sectors declined, mirroring Treasuries, with CMT-linked preferreds up 1.4%, SOFR preferreds flat, and fixed-rate preferreds down 2.8% in December. CLO Equity CEF PDCC issued a new 8% 2029 term preferred.
Three Buys In This Fed-Fueled Sell Off
The Fed's revised guidance for only two rate cuts in 2025 caused market panic, despite a current rate cut to 4.25-4.5%. Floating rate instruments like CLOs remain attractive due to their high-yield and low volatility, especially with rates staying above 4%. I identify one ETF and two CEFs for investors looking to take advantage of this panic and new course for the Fed.
Eagle Point Income: Q3 Earnings Reinforces Portfolio Strength
Eagle Point Income (EIC) operates as a closed end fund that supported its high 14.7% dividend yield through a portfolio of CLO debt and equity investments. The recent Q3 earnings report provides reassurance of EIC's earnings potential in a changing interest rate environment. The rate of borrower defaults remain low and there are few borrower maturities until 2027, providing a long runway of steadily earnings.
Eagle Point Income Co Inc. (EIC) Q3 2024 Earnings Call Transcript
Eagle Point Income Co Inc. (NYSE:EIC ) Q3 2024 Earnings Conference Call November 14, 2024 11:30 AM ET Company Participants Garrett Edson - ICR Thomas Majewski - Chairman and Chief Executive Officer Dan Ko - Senior Principal and Portfolio Manager Lena Umnova - Chief Accounting Officer Conference Call Participants Matthew Howlett - B. Riley Securities Operator Ladies and gentlemen, greetings, and welcome to the Eagle Point Income Company's Third Quarter 2024 Financial Results Call.
Bargain Securities From NewtekOne And Eagle Point Income Company
At our Conservative Income Portfolio service, I specialize in uncovering relatively mispriced/undervalued preferred stocks and bonds that often fly under the radar and that should significantly outperform similar securities. In this article, I present two very undervalued high yielding baby bonds from NewtekOne and the evidence that I have to declare them very undervalued. Additionally, I will present two term preferred stocks from Eagle Point Credit Company, which offer an 8% yield to maturity for an investment that I consider quite safe.
Eagle Point Income Company Inc. Announces First Quarter 2025 Common and Preferred Distributions
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today is pleased to announce the declaration of distributions on shares of the Company's common stock. For the first quarter of 2025, the Company is declaring three separate monthly distributions of $0.20 per share on its common stock. The distributions are payable based on the following schedule: Amount per Common Share Record Date Payable Date $0.20 January 13, 2025 January 31, 202.
Eagle Point Income Company Inc. Schedules Release of Third Quarter 2024 Financial Results on Thursday, November 14, 2024
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter ended September 30, 2024 on Thursday, November 14, 2024. The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time). Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with Lena Umnova, the Investment Adviser's Chief Accounting Of.
CEF Weekly Review: High Premiums Can Be Fragile
We review the CEF market valuation and performance through the third week of October and highlight recent market action. Discounts widened despite NAV strength across most CEF sectors; MLPs and Equity-linked sectors led in October. High-premium CEFs exhibit higher volatility; investor confidence and momentum play significant roles in price fluctuations.
Preferreds Weekly Review: Embedded Options And Redemption Likelihood
We take a look at the action in preferreds and baby bonds through the first week of October and highlight some of the key themes we are watching. Preferred stocks saw slight declines as Treasury yields rose, but year-to-date returns remain strong, outperforming REITs and BDCs. Lower-priced preferreds offer better capital gain potential and are more attractive due to lower negative convexity compared to higher-priced counterparts.
EICC: Compared To Other 2029 Choices, I Have Downgraded My Rating To Sell
I am downgrading Eagle Point Income Company Inc. NT 29, trading under EICC, from Buy to Sell due to poor yield comparisons and coverage ratio. EICC's primary investment objective is high current income, investing mainly in junior debt tranches of CLOs, with a secondary focus on capital appreciation. Compared to other 2029 maturing issues, EICC offers the least yield and coverage, with RWTO providing the best yield-to-call and coverage.
Eagle Point Income: 15% Yield On Common Stock, 8% On Preferred Stock
Eagle Point Income's strong balance sheet ensures the preferred equity is well covered, with a healthy 311% asset coverage ratio at the end of June. The focus is on preferred shares, particularly EICA, with plans to add EICC for longer duration. The common stock yields 15.4%, but dividend payments may stagnate or decrease as market interest rates drop.
Eagle Point Income Co Inc (EIC) Q2 2024 Earnings Call Transcript
Eagle Point Income Co Inc (NYSE:EIC ) Q2 2024 Earnings Conference Call August 6, 2024 11:30 AM ET Company Participants Peter Sceusa – ICR Tom Majewski – Chairman and Chief Executive Officer Dan Ko – Senior Principal and Portfolio Manager Lena Umnova – Chief Accounting Officer Conference Call Participants Operator Greetings, and welcome to the Eagle Point Income Company's Second Quarter 2024 Financial Results Conference. At this time all participants are in a listen-only mode.
Eagle Point Income: May Benefit From Interest Rate Cuts
Eagle Point Income operates as a closed end management company with a focus on CLO debt investments. EIC focuses on BB-rated CLO debt investments made on a floating rate basis. This floating rate focus helps generate higher earnings with higher interest rates. The dividend distribution is well-covered by net investment income and recurring cash distributions, making EIC a sustainable income investment.
5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024
June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.
Our Latest Picks In The 8-9%-Yielding CLO Equity Senior Security Sector
The CLO equity senior security sector is easy to overlook, but it has a number of attractive features such as high yields, strong asset coverage levels and mandatory maturities. We review the sector, the most common pitfalls and discuss a couple of head-to-head comparisons. Finally, we provide a detailed risk/reward summary and highlight our picks.
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