Eagle Point Income launches $100 million preferred stock offering
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Eagle Point Income Company Inc. Launches Offering of 6.00% Convertible Perpetual Preferred Stock
March 16, 2026 8:00 AM EDTGREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Income Company Inc. (the Company) (NYSE: EIC) announced it has commenced a continuous public offering of up to 4,000,000 shares of its 6.00% Series AA Convertible Perpetual Preferred Stock and 6.00% Series AB Convertible Perpetual Preferred Stock (collectively, the Preferred Stock) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $91 million after payment of estimated commissions and offering expenses if all shares of the Preferred Stock are sold. The Preferred Stock has a 6.00% annual dividend rate, paid monthly, and is rated BBB... More
