Investors in EICC should anticipate the stock to trade ex-dividend and without the preferred overhang ahead of the redemption date. Monitor for any changes in capital structure or potential reissuance of preferred shares. The redemption may lead to a temporary reduction in yield, affecting income-focused investors.
Price Chart
Executive Summary
Eagle Point Income Company Inc. (EICC) announced the full redemption of its 8.00% Series C Term Preferred Stock due 2029, consisting of 4,173,076 outstanding shares. The redemption is expected to be completed on April 6, 2026, at a price of $25 per share plus all unpaid dividends accumulated up to, but excluding, the redemption date.
Key Facts
- Eagle Point Income Co Inc. is redeeming all 4,173,076 outstanding shares of its 8.00% Series C Term Preferred Stock due 2029.
- The redemption date is expected to be April 6, 2026.
- The redemption price is $25 per share plus all unpaid dividends accumulated up to, but excluding, the redemption date.
- This filing serves as notice of the redemption election but does not constitute the official redemption notice.
- The Series C preferred stock trades under the ticker EICC on the NYSE.
Financial Impact
Approximately $104.3 million in principal (4,173,076 shares × $25) plus accrued dividends.
Risk Factors
- Potential dilution if the company issues new preferred or common shares to fund the redemption.
- Reduction in income distribution for investors previously relying on the 8.00% dividend yield of the Series C shares.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-020069 |
| Document: 0001104659-26-020069-index-headers.html | 0001104659-26-020069 |
| Document: 0001104659-26-020069-index.html | 0001104659-26-020069 |
| Document: 0001104659-26-020069.txt | 0001104659-26-020069 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 8-K | $8.84 | awaiting T+20 | — | $8.86 (+0.23%) |
Jul 13, 2026 15w ago | 8-K | $10.05 $9.93 | ▼ −1.19% | ▼ −3.69% | $8.86 (−11.84%) |
Mar 12, 2026 32w ago | 8-K | $9.39 $9.63 | ▲ +2.53% | ▲ +0.56% | $8.86 (−5.67%) |
Feb 26, 2026 34w ago | DEFA14A | $9.68 $9.53 | ▼ −1.57% | ▲ +4.83% | $8.86 (−8.49%) |
Feb 26, 2026 34w ago | 8-K | $9.68 $9.53 | ▼ −1.57% | ▲ +4.83% | $8.86 (−8.49%) |
US Market Status
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