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Eagle Point Income reports Q3 EPS 39c, consensus 38c

Reports Q3 NAV per share $14.21. “EIC had a positive quarter, with NII fully covering our distributions and our NAV per share increasing,” said Thomas Majewski, chairman and CEO. “We remain committed to aggressively repurchasing our common shares, which we believe are undervalued by the market. We increased the Company’s common stock repurchase program to $60 million, which gives us more room to continue our buyback program and help further increase NAV per share.”

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