|
|
||||||||||||||||||||||||||||||||||||
By The Online Investor Staff, updated Thu., Apr. 18, 10:33 AM
|
|||||||||||||||||||||||||||||||||||||
Secondary Stock Offerings| This Slide: #17 of 25 |
Slide #17. Eagle Point Income Company Inc. — Secondary Offering
Company:
Eagle Point Income Company Inc. (NYSE:EIC)
Date announced:
3/26/2024
Shares Offered:
1,220,000
Date of Pricing:
3/27/2024
Price Per Share:
$25.00
Secondary Offering Details:
Eagle Point Income Company Inc. (the "Company") (NYSE:EIC,EICA,EICB) today announced that it has commenced an underwritten public offering of its Series C Term Preferred Stock (the "Preferred Stock"). The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Preferred Stock is rated `BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions. The Preferred Stock is expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the symbol "EICC." -updated 3/27- Eagle Point Income Company Inc. (the "Company") (NYSE:EIC,EICA,EICB) today announced that it has priced an underwritten public offering of 1,220,000 shares of its 8.00% Series C Term Preferred Stock due 2029 (the "Preferred Stock") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $29.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Preferred Stock is rated `BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 183,000 shares of Preferred Stock on the same terms and conditions. The Preferred Stock offering is expected to close on April 3, 2024, subject to customary closing conditions. The Company intends to list the Preferred Stock on the New York Stock Exchange within 30 days of the original issue date under the symbol "EICC."
Eagle Point Income Company LLC is a newly organized, externally managed, non-diversified closed-end management investment company.
Open the EIC Page at The Online Investor »
|
|||||||||
Open the EIC Page at The Online Investor (in a new window) »
 Free EIC Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2024, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.