Eagle Point Income Company Inc. Announces First Quarter 2020 Common Stock Distributions, Payable on January 31, 2020, February 28, 2020 and March 31, 2020
January 02, 2020 at 04:15 pm EST
Share
Eagle Point Income Company Inc. announced the declaration of distributions on shares of the Company’s common stock. The Company has declared three separate distributions of $0.1326 per share on its common stock, payable on each of January 31, 2020, February 28, 2020 and March 31, 2020 to stockholders of record as of January 13, 2020, February 12, 2020 and March 12, 2020, respectively.
Eagle Point Income Company Inc. is an externally managed, diversified closed-end management investment company. The Companyâs primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company seeks to achieve these objectives by investing primarily in junior debt tranches of collateralized loan obligations (CLOs) rated BB. In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities and other securities and instruments that are consistent with its investment objectives. The Company may also invest in other securities and instruments objectives such as securities issued by other securitization vehicles. The Company may also invest in other junior debt tranches of CLOs, senior debt tranches of CLOs, loan accumulation facilities (LAF) and other related securities and instruments. The investment advisor of the Company is Eagle Point Income Management LLC.
Eagle Point Income Company Inc. Announces First Quarter 2020 Common Stock Distributions, Payable on January 31, 2020, February 28, 2020 and March 31, 2020