secwatch.observer — SEC 8-K summary
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Issuer:     Eagle Point Income Co Inc. (EIC)
CIK:        0001754836
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001104659-24-039820
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754836/000110465924039820/0001104659-24-039820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754836/000110465924039820/tm2410022d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-039820

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