secwatch.observer — SEC 8-K summary
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Issuer:     Eagle Point Income Co Inc. (EIC)
CIK:        0001754836
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001104659-24-043149
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eagle Point Income issues 1.22M shares of 8% Series C Term Preferred Stock due 2029
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- Issued 1,220,000 shares of 8.00% Series C Term Preferred Stock at $25/sh; underwriters may purchase up to 183,000 additional shares.
- Dividends at 8% annual rate on $25 liquidation preference ($2.00/sh/yr), payable monthly; first dividends Apr 30, May 31, Jun 28, 2024.
- Mandatory redemption Apr 30, 2029 at $25 plus accrued dividends; optional redemption after Apr 3, 2026.
- Series C ranks senior to common, equal with other preferred series, subordinate to debt; listed on NYSE as 'EICC'.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754836/000110465924043149/0001104659-24-043149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754836/000110465924043149/tm2410395d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-043149

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