EIC - Eagle Point Income Company GAAP EPS of $0.56

2023-05-23 09:01:29 ET

• Eagle Point Income Company press release ( NYSE: EIC ): Q1 GAAP EPS of $0.56.
• Net asset value (“NAV”) per common share of $13.20 as of March 31, 2023, a 2.2% increase compared to $12.91 as of December 31, 2022.

• SECOND QUARTER 2023 PORTFOLIO ACTIVITY THROUGH APRIL 30, 2023 AND OTHER UPDATES

• NAV per common share is estimated to be between $13.11 and $13.21 as of April 30, 2023.

• Received $6.6 million of recurring cash distributions from the Company’s investment portfolio. This reflects an increase of 19% from the first quarter. As of April 30, 2023, some of the Company’s investments had not yet reached their payment date for the quarter.

• As of April 30, 2023, the Company had $23.7 million of cash and capacity on its revolving credit facility available for investment.

• Issued 28,214 shares of common stock pursuant to the Company’s committed equity financing program, for total net proceeds of approximately $0.4 million.

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