Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eagle Point Income Co. Inc. > News item |
Eagle Point greenshoe exercised, lifts 5% preferreds to $35 million
By William Gullotti
Buffalo, N.Y., Oct. 28 – Underwriters for Eagle Point Income Co. Inc.’s offering of 5% series A term preferred stock (Egan-Jones: BBB) exercised their over-allotment option in full for $4.5 million more of the preferreds due 2026, increasing the size of the issue to $35 million, according to a news release Thursday.
The company sold an aggregate total of 1.4 million shares, including the 180,000 shares of the fully-exercised over-allotment option, at a purchase price of $25 per share.
Ladenburg Thalmann & Co. Inc. is the lead bookrunner for the registered offering. B. Riley Securities, Inc., Oppenheimer & Co. Inc., InspereX LLC and Wedbush Securities Inc. acted as joint bookrunners
The preferred stock trades under the symbol “EICA.”
The externally managed non-diversified closed-end management investment company is based in Greenwich, Conn.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.