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Summary We review CEF market valuation and performance through the fourth week of September and highlight recent market action. CEFs had a tough week as discounts widened to double the impact of lower NAVs. The broader CEF space is now below its June lows. We take a look at so...
Summary 0 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. Real estate CEFs lag. OPP rights offering expires. Author’s note: This article was released to CEF/ETF Income Laboratory members on September 21, 2022. Pleas...
Summary Most bread-and-butter income sectors took significant losses this year and this includes high-quality sectors like investment-grade bonds which normally outperform in weakness. In this article, we highlight a trio of niche and overlooked income sectors: CLO debt, asset-bac...
Summary 20 out of 23 CEF sectors positive on price and 16 out of 23 sectors positive on NAV last week. OPP rights offering announced. Aberdeen (now "abrdn") and Delaware CEFs are merging, subject to shareholder approval. Author's note: This article was released to CEF/...
CEF discounts have narrowed from our previous update but are still sitting wider than at the end of 2021. So far, discounts have bottomed out with the market on June 16th, 2022, which has so far been the market low for 2022. 2022 remains a volatile year but has also presented quit...
CLO funds came with a lot of promise, but returns across the spectrum have been poor. OCCI boasts a stunning 20% yield, but problems abound. Four numbers you should remember here, 20%, 12%, 40% and 100%. CLO funds have struggled to deliver in the past 3-5 years. None of ...
Stocks rallied hard again this week with the S&P 500 up another 3.26% and now up 12.08% over the last month. The YTD losses are down to single digits. It does appear that there has been a significant amount of short covering during this rally. That has been especially the case as ...
We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs had another strong week as the recovery in income assets accelerated. We discuss the yield pick-up in CEFs versus open-end funds using HY Munis as a case study...
Eagle Point Income Company Inc. stuttered shortly after the debut as it ran into the COVID-19 crisis. Performance beyond that has been good. Overall returns have been mediocre but the fund could likely do better than OXLC and ECC in the next 18 months. Our recent takes on th...
Eagle Point Income Company Inc. (EIC) Q2 2022 Earnings Conference Call August 16, 2022, 11:30 AM ET Company Participants Peter Sceusa - IR Associate, ICR Tom Majewski - Chairman and CEO Lena Umnova - Chief Accounting Officer Conference Call Participants ...
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Eagle Point Income Company Inc. 5.00% Series A Term Preferred Stock due 2026 Company Name:
EICA Stock Symbol:
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2024-07-10 09:00:25 ET Eagle Point Income Company Inc. (EICA) declaring a stock dividend of $0.10417 per share on Ex-Date : July 11, 2024. Shareholders on record as of July 11, 2024 are eligible for the dividend. The payment date is scheduled for July 31, 2024, and the declaration w...
Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended March 31, 2024 and certain additional activity through April 30, 2024. “It was another excellent quarter for Eagle Point Income Company, a...
Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today is pleased to announce the declaration of distributions on shares of the Company’s common stock. For the third quarter of 2024, the Company is declaring three separate monthly distribution...