Eagle Point Income Company announces preferred stock offering

Eagle Point Income Company announced that it has commenced an underwritten public offering of its Series C Term preferred stock. The public offering price and other terms of the preferred stock are to be determined by negotiations between the company and the underwriters. The preferred stock is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency. The preferred stock is expected to be listed on the NYSE and to trade thereon within 30 days of the original issue date under the symbol “EICC.” Ladenburg Thalmann & Co., B. Riley Securities, and Piper Sandler & Co. are acting as joint bookrunners for the offering. InspereX and Wedbush Securities are acting as lead managers for the offering.