Eagle Point Income Redeems Series C Preferred Shares

Eagle Point Income Co ( (EIC) ) has shared an update.

On February 26, 2026, Eagle Point Income Company Inc. announced it has elected to redeem in full all 4,173,076 outstanding shares of its 8.00% Series C Term Preferred Stock due 2029, with the redemption expected to be completed on April 6, 2026. Holders will receive $25 per share plus all unpaid dividends and distributions accrued up to, but excluding, the redemption date, a move that will retire this series of preferred securities and may simplify the company’s capital structure for preferred stock investors.

The decision to fully redeem the Series C Term Preferred Stock removes a fixed 8.00% cost layer from Eagle Point Income Company’s funding mix and could improve flexibility in managing future financing or capital allocation. For existing preferred shareholders, the transaction crystallizes value at par plus accrued distributions as of early April 2026, while ending their exposure to this specific preferred issue within the company’s capital stack.

The most recent analyst rating on (EIC) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Eagle Point Income Co stock, see the EIC Stock Forecast page.

Spark’s Take on EIC Stock

According to Spark, TipRanks’ AI Analyst, EIC is a Neutral.

The score is primarily constrained by weak cash generation and higher leverage risk in the financials, reinforced by bearish technical signals (below key moving averages and negative MACD). These are partially offset by an attractive valuation (low P/E and high yield) and a neutral earnings-call backdrop with improving NAV and shareholder-friendly buybacks but a reduced distribution and realized losses.

To see Spark’s full report on EIC stock, click here.

More about Eagle Point Income Co

Eagle Point Income Company Inc. is a closed-end investment company focused on generating income by investing primarily in junior debt tranches of collateralized loan obligations and other income-producing securities. The company targets investors seeking high current income and total return through a portfolio concentrated in credit-oriented assets tied to the U.S. corporate loan market.

Average Trading Volume: 235,835

Technical Sentiment Signal: Sell

See more insights into EIC stock on TipRanks’ Stock Analysis page.