Eagle Point Income offers series B term preferred stock due 2028

By Wendy Van Sickle

Columbus, Ohio, July 19 – Eagle Point Income Co. Inc. is offering series B term preferred stock due 2028 (Egan-Jones: BBB), according to a news release and a 424B2 filing with the Securities and Exchange Commission.

The deal will include a 30-day greenshoe.

The preferred stock will have a $25.00 liquidation preference.

Ladenburg Thalmann & Co. Inc. and B. Riley Securities, Inc. are the joint bookrunners with InspereX LLC and Wedbush Securities Inc. as lead managers.

Eagle Point intends to list the preferreds on the New York Stock Exchange under the ticker symbol “EICB.”

The externally managed non-diversified closed-end management investment company is based in Greenwich, Conn.

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