Eagle Point Income Company (EIC) Announces Preferred Share Offering
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Eagle Point Income Company Inc. Announces Offering of Preferred Stock
March 26, 2024 4:15 PM EDTGREENWICH, Conn.--(BUSINESS WIRE)-- 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.
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