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Eagle Point Income Company Inc. Announces Third Quarter 2024 Financial Results

Eagle Point Income Company Inc. (EIC) 
Company Research Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended September 30, 2024 and certain additional activity through October 31, 2024.“We had a strong third quarter as the investment portfolio once again generated robust cash flows and net investment income,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “We were able to generate realized gains of $0.08 per share as discounted purchases from the past months pulled to par sooner than anticipated. As we navigate the shifting interest rate environment, we believe CLO debt and CLO equity will continue to offer a premium return compared to other fixed income securities.”THIRD QUARTER 2024 RESULTSNet asset value (“NAV”) per common share of $14.90 as of September 30, 2024, compared to $15.24 as of June 30, 2024.Net investment income (“NII”) and realized gains of $0.57 per weighted average common share.1 This com Show less Read more
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