Eagle Point Institutional Income offers series A preferred stock

By Wendy Van Sickle

Columbus, Ohio, March 7 – Eagle Point Institutional Income Fund is offering $25-par series A term preferred stock (Egan-Jones: BBB), according to a filing with the Securities and Exchange Commission.

The deal will include a greenshoe.

Ladenburg Thalmann & Co. Inc. Is the underwriter.

Dechert LLP is legal counsel for the issuer.

Eagle Point intends to list the preferreds on the New York Stock Exchange.

Proceeds will be used to acquire investments and for general working capital purposes.

The fund is based in Greenwich, Conn.

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