Eagle Point Institutional Income Fund Announces Upcoming Preferred Share Distributions
Eagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares Due 2029 (EIIA)
Company Research
Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Institutional Income Fund (the “Fund”) is pleased to announce the declaration of distributions on shares of the Fund’s 8.125% Series A Term Preferred Shares due 2029 (the “Preferred Shares”). The Preferred Shares trade on the New York Stock Exchange (NYSE: EIIA). To date, the Fund has declared the following distributions per Preferred Share:Amount per Preferred ShareRecord DatePayable Date$0.24262211/12/202411/29/2024$0.16927112/11/202412/31/2024$0.1692711/13/20251/31/2025$0.1692712/10/20252/28/2025$0.1692713/11/20253/31/2025The distributions on the Preferred Shares reflect an annual distribution rate of 8.125% of the $25 liquidation preference per share.ABOUT EAGLE POINT INSTITUTIONAL INCOME FUNDThe Fund is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in equity
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