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, 2025 and certain additional activity through October 31, 2025, declared distributions on shares of the Company’s common and preferred stock and announced the full redemption of the Company’s 7.75% Series B Term Preferred Stock.
“EIC had a positive quarter, with NII fully covering our distributions and our NAV per share increasing,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “We remain committed to aggressively repurchasing our common shares, which we believe are undervalued by the market. We increased the Company’s common stock repurchase program to $60 million, which gives us more room to continue our buyback program and help further increase NAV per share.”
“Earlier today, we also announced the full redemption of our 7.75% Series B Term Preferred Stock. In light of recent Fed rate cuts, this redemption enables us to further optimize our capital structure and reduce financing costs,” added Mr. Majewski. “We also declared monthly distributions of $0.11 per share for the first quarter of 2026. This is a lower distribution level than last quarter and reflects the impact of two rate cuts over the past ninety days.” |
