Ladenburg Thalmann served as Lead Bookrunner for this offering.
Since 2017, Ladenburg has led 52 fixed income transactions for BDC/Investment Companies raising over $2.4 Billion. Overall, Ladenburg has participated in 106 fixed income offerings for BDC/Investment Companies raising over $9.3 Billion.
Transaction Information
Eagle Point Income Company Inc. (NYSE: EIC, EICA) priced an underwritten public offering of 1,130,500 shares of its 7.75% Series B Term Preferred Stock due 2028 at a public offering price of $25 per share, which will result in gross proceeds to the Company of approximately $28.3 million.
The Preferred Stock is rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency. The Preferred Stock is expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the symbol "EICB."
Ladenburg Thalmann acted as Lead Bookrunner for the transaction, representing the 2nd term preferred offering Ladenburg has acted as Lead Bookrunner for Eagle Point Income Company, Inc.
About Eagle Point Income Company, Inc.
Eagle Point Income Company, Inc. is a diversified, closed-end management investment company. The Company's primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of collateralized loan obligations ("CLOs"). In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities. The Company is externally managed and advised by Eagle Point Income Management LLC.
The information and material presented is provided for informational purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or buy any securities mentioned herein.