Eagle Point Income prices 1.22M shares of 8.00% Series C Preferred at $25/share for ~$29.3M net

Eagle Point Income Co Inc.

Offering of 1,220,000 shares of 8.00% Series C Term Preferred Stock due 2029 at $25 per share.
Net proceeds approximately $29.3 million after underwriting discounts and estimated offering expenses.
Preferred stock rated 'BBB' by Egan-Jones; underwriters granted 30-day option for up to 183,000 additional shares.
Expected to close on April 3, 2024; intends to list on NYSE under symbol 'EICC' within 30 days.
Joint bookrunners: Ladenburg Thalmann, B. Riley Securities, and Piper Sandler; co-managers: InspereX and Wedbush.

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