{"id":526270,"date":"2021-08-10T16:18:20","date_gmt":"2021-08-10T20:18:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eagle-point-income-company-inc-announces-33-increase-in-common-stock-distributions-for-fourth-quarter-2021\/"},"modified":"2021-08-10T16:18:20","modified_gmt":"2021-08-10T20:18:20","slug":"eagle-point-income-company-inc-announces-33-increase-in-common-stock-distributions-for-fourth-quarter-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eagle-point-income-company-inc-announces-33-increase-in-common-stock-distributions-for-fourth-quarter-2021\/","title":{"rendered":"Eagle Point Income Company Inc. Announces 33% Increase in Common Stock Distributions for Fourth Quarter 2021"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwwidth100 { width: 100% }\n.bwwidth33 { width: 33% }\n.bwwidth34 { width: 34% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Eagle Point Income Company Inc. Announces 33% Increase in Common Stock Distributions for Fourth Quarter 2021<\/b><\/p>\n<p>GREENWICH, Conn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEagle Point Income Company Inc. (the \u201cCompany\u201d) (NYSE:EIC) today is pleased to announce the declaration of distributions on shares of the Company\u2019s common stock.\n<\/p>\n<p>\nThe Company has declared three separate distributions of $0.12 per share on its common stock, an increase of 33% from its previous monthly distribution rate of $0.09 per share. The distributions are payable on each of October 29, 2021, November 30, 2021 and December 31, 2021 to stockholders of record as of October 12, 2021, November 10, 2021 and December 13, 2021, respectively. The following schedule applies to the distributions:\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwrowaltcolor1 bwwidth33 bwalignc bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nRecord Date\n<\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwrowaltcolor1 bwwidth33 bwalignc bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nPayable Date\n<\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwrowaltcolor1 bwwidth34 bwalignc bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nAmount per common share\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nOctober 12, 2021\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nOctober 29, 2021\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwwidth34 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.12\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nNovember 10, 2021\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nNovember 30, 2021\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwwidth34 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.12\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nDecember 13, 2021\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nDecember 31, 2021\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwwidth34 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.12\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n\u201cWe are pleased to declare a third consecutive increase in our monthly distribution to $0.12 per common share, reflecting the portfolio\u2019s strong recent financial performance and our confidence in the Company\u2019s earnings ability and future prospects,\u201d said Thomas Majewski, Chairman and Chief Executive Officer.\n<\/p>\n<p>\nDistributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and\/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company\u2019s stockholders on Form 1099 after the end of the 2021 calendar year.\n<\/p>\n<p><b>ABOUT EAGLE POINT INCOME COMPANY<\/b><\/p>\n<p>\nThe Company is a non-diversified, closed-end management investment company. The Company\u2019s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of collateralized loan obligations (\u201cCLOs\u201d). In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities. The Company is externally managed and advised by Eagle Point Income Management LLC.\n<\/p>\n<p>\nThe Company makes certain unaudited portfolio information available each month on its website in addition to making certain other unaudited financial information available on its website (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.eaglepointincome.com&amp;esheet=52474787&amp;newsitemid=20210810005766&amp;lan=en-US&amp;anchor=www.eaglepointincome.com&amp;index=1&amp;md5=63057349434b109da96aa9152dc6f10a\">www.eaglepointincome.com<\/a>). This information includes (1) an estimated range of the Company\u2019s net investment income (\u201cNII\u201d) and realized capital gains or losses per share of common stock for each calendar quarter end, generally made available within the first fifteen days after the applicable calendar month end, (2) an estimated range of the Company\u2019s net asset value (\u201cNAV\u201d) per share of common stock for the prior month end and certain additional portfolio-level information, generally made available within the first fifteen days after the applicable calendar month end, and (3) during the latter part of each month, an updated estimate of NAV, if applicable, and, with respect to each calendar quarter end, an updated estimate of the Company\u2019s NII and realized capital gains or losses per share for the applicable quarter, if available.\n<\/p>\n<p><b>FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p><i>This press release may contain \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company\u2019s other filings with the U.S. Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210810005766r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210810005766\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210810005766\/en\/<\/a><\/span><\/p>\n<p>\nInvestor and Media Relations:<br \/>\n<br \/>ICR<br \/>\n<br \/>203-340-8510<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@EaglePointIncome.com\">IR@EaglePointIncome.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.eaglepointincome.com&amp;esheet=52474787&amp;newsitemid=20210810005766&amp;lan=en-US&amp;anchor=www.eaglepointincome.com&amp;index=2&amp;md5=ca37d7b171d676a8903ae5e8ebf24bba\">www.eaglepointincome.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Connecticut<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Eagle Point Income Company Inc. Announces 33% Increase in Common Stock Distributions for Fourth Quarter 2021 GREENWICH, Conn.&#8211;(BUSINESS WIRE)&#8211; Eagle Point Income Company Inc. (the \u201cCompany\u201d) (NYSE:EIC) today is pleased to announce the declaration of distributions on shares of the Company\u2019s common stock. The Company has declared three separate distributions of $0.12 per share on its common stock, an increase of 33% from its previous monthly distribution rate of $0.09 per share. The distributions are payable on each of October 29, 2021, November 30, 2021 and December 31, 2021 to stockholders of record as of October 12, 2021, November 10, 2021 and December 13, 2021, respectively. The following schedule applies to the distributions: Record Date Payable Date Amount per common &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eagle-point-income-company-inc-announces-33-increase-in-common-stock-distributions-for-fourth-quarter-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eagle Point Income Company Inc. Announces 33% Increase in Common Stock Distributions for Fourth Quarter 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-526270","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eagle Point Income Company Inc. 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(the \u201cCompany\u201d) (NYSE:EIC) today is pleased to announce the declaration of distributions on shares of the Company\u2019s common stock. The Company has declared three separate distributions of $0.12 per share on its common stock, an increase of 33% from its previous monthly distribution rate of $0.09 per share. The distributions are payable on each of October 29, 2021, November 30, 2021 and December 31, 2021 to stockholders of record as of October 12, 2021, November 10, 2021 and December 13, 2021, respectively. The following schedule applies to the distributions: Record Date Payable Date Amount per common &hellip; Continue reading &quot;Eagle Point Income Company Inc. 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