| Eagle Point Income Company Inc. Schedules Release of First Quarter 2025 Financial Results on Wednesday, May 28, 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 ended March 31, 2025, on Wednesday, May 28, 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 Chief Accounting Officer,. |
businesswire.com |
2025-05-14 20:15:00 |
Czytaj oryginał (ang.) |
| 7 Closed-End Fund Buys (And 4 Sells) In The Month Of April 2025 |
April's market volatility, driven by tariffs and led by tech sector declines, created opportunities to deploy cash. However, it was an opportunity to reposition my portfolio as well, with 2 swap trades to de-risk my portfolio. There were 2 corporate actions in the last month that also saw two more positions removed from my CEF portfolio, but overall, I was a net buyer for the month. |
seekingalpha.com |
2025-05-14 16:36:57 |
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| Eagle Point Income Term Preferred: Still Rate EICC A Buy |
I recommend Eagle Point Income Company Inc.'s term preferred stocks (EICB and EICC) over iShares iBonds ETFs for higher current income and better value. EIC term preferreds offer attractive yields and are protected by a 200% asset coverage rule, minimizing default risk. iShares iBonds ETFs provide diversified high-yield bond exposure but face reinvestment risk and potential defaults, impacting yield-to-maturity. |
seekingalpha.com |
2025-05-12 17:17:59 |
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| Eagle Point Income: Let's Talk CLOs |
EIC invests mainly in junior debt of CLOs, offering higher yields with managed risk, and has outperformed ECC with stable NAV and distribution sustainability. EIC focuses on broadly syndicated loan CLOs, which are more liquid and transparent, while selectively investing in higher-risk CLO equity. The CLO market is robust, with private credit funds growing rapidly, potentially benefiting BSL CLO performance by shedding lower-rated borrowers. |
seekingalpha.com |
2025-05-09 18:30:13 |
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| It's Raining CLO Equity CEFs And Why We Got Longer |
The CLO Equity CEF sector has doubled in size over the past two years, driven by new entrants and favorable market conditions. Key catalysts include a benign default environment, tightening credit spreads, and the attractiveness of floating-rate assets amid a flat/inverted yield curve. CLO Equity funds benefit from embedded options like reinvestment and call options, which enhance returns during periods of market volatility. |
seekingalpha.com |
2025-05-08 10:42:54 |
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| 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. |
seekingalpha.com |
2025-04-03 10:13:01 |
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| 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. |
seekingalpha.com |
2025-03-27 16:54:01 |
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| 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%. |
seekingalpha.com |
2025-03-26 05:58:46 |
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| 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. |
seekingalpha.com |
2025-03-24 09:30:49 |
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| 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. |
seekingalpha.com |
2025-03-09 07:31:04 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-02-26 03:27:41 |
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| 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. |
seekingalpha.com |
2025-02-20 17:38:39 |
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| 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. |
businesswire.com |
2025-02-20 10:00:00 |
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| 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. |
seekingalpha.com |
2025-02-15 09:32:29 |
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| 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. |
seekingalpha.com |
2025-02-08 10:54:05 |
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| 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. |
businesswire.com |
2025-02-06 18:15:00 |
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| 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. |
seekingalpha.com |
2025-01-21 13:30:00 |
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| 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. |
seekingalpha.com |
2025-01-14 17:15:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-01-07 12:10:00 |
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| 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. |
seekingalpha.com |
2025-01-01 09:45:36 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-12-20 15:42:08 |
Czytaj oryginał (ang.) |
| Seeking Yields Of +15% |
High yields from closed-end funds can regularly provide you with a massive supply of cash. Cash is how we pay our bills, not our portfolio value. Your retirement portfolio is a bedrock part of your retirement financial plan. |
seekingalpha.com |
2024-12-19 09:35:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-11-15 11:49:58 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-11-14 15:20:28 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-11-07 13:30:00 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2024-11-06 10:00:00 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2024-11-01 10:30:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-10-27 04:07:10 |
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| 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. |
seekingalpha.com |
2024-10-13 10:35:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-09-27 12:00:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-09-15 14:40:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-08-06 19:40:27 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-07-25 14:11:16 |
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| 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. |
seekingalpha.com |
2024-07-14 05:35:01 |
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| 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. |
seekingalpha.com |
2024-07-11 12:49:10 |
Czytaj oryginał (ang.) |
| Eagle Point Income: Where This High-Yield CLO Fund Fits In The Risk Stack |
Eagle Point Credit Management manages two CLO-focused CEFs, with Eagle Point Income Company offering a nearly 15% yield. Closed-end funds offer high yields through various strategies, including collateralized loan obligations, or CLOs. EIC invests in lower-rated debt tranches of CLOs, providing high yields and growing dividends, outperforming its larger sister fund, ECC. |
seekingalpha.com |
2024-07-09 11:37:55 |
Czytaj oryginał (ang.) |
| CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income |
Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations under the 1940 Act, limiting leverage and that can provide more security to these instruments. New offerings since our last update include EICC and CCIA, which naturally came with higher issued yields thanks to the higher rate environment. |
seekingalpha.com |
2024-06-28 14:20:49 |
Czytaj oryginał (ang.) |
| Eagle Point Income Company Inc. (EIC) Q1 2024 Earnings Call Transcript |
Eagle Point Income Company Inc. (NYSE:EIC ) Q1 2024 Earnings Conference Call May 21, 2024 11:30 AM ET Company Participants Peter Sceusa - IR Tom Majewski - Chairperson & CEO Dan Ko - Senior Principal Lena Umnova - Chief Accounting Officer Conference Call Participants Operator Greetings. Welcome to the Eagle Point Income Company First Quarter 2024 Financial Results Call. |
seekingalpha.com |
2024-05-21 17:55:27 |
Czytaj oryginał (ang.) |
| Eagle Point Income Company Inc. Announces First Quarter 2024 Financial Results; Awarded “Best Public Closed-End CLO Fund” by Creditflux |
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended March 31, 2024 and certain additional activity through April 30, 2024. “It was another excellent quarter for Eagle Point Income Company, as the portfolio continued to generate strong cash flows and income for our shareholders,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “For the quarter, we generated net inve. |
businesswire.com |
2024-05-21 12:00:00 |
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