secwatch.observer — SEC 8-K summary
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Issuer:     Eagle Point Income Co Inc. (EIC)
CIK:        0001754836
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001104659-23-084297
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eagle Point Income completes ~$28.3M offering of 7.75% Series B Term Preferred Stock due 2028
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- Issued 1,130,500 shares of 7.75% Series B Term Preferred Stock (liquidation preference $25/share) at 7.75% annual dividend.
- Underwriters have a 30-day option to purchase up to an additional 169,575 shares.
- Mandatory redemption at $25/share plus accrued dividends on July 31, 2028; optional redemption allowed after July 31, 2025.
- Monthly dividends commence August 31, 2023; shares trade on NYSE under symbol EICB.
- Underwriting agreement with Ladenburg Thalmann & Co. Inc. as representative; filing of certificate of designation with Delaware.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754836/000110465923084297/0001104659-23-084297-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754836/000110465923084297/tm2321962d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-084297

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