Eagle Point Income Announces Redemption Price for EICA Preferred Shares
Eagle Point Income (NYSE: EIC) has set a redemption price of $25 per share for its outstanding 5.00% Series A Term Preferred Shares (EICA), which will be redeemed on October 30, 2026. The announcement aligns with the terms outlined in the preferred shares' offering documents. The decision provides clarity to investors holding EICA and signals a planned conclusion for this specific capital structure component of Eagle Point Income. As expected under its original issuance agreement, the company is fulfilling its obligation by setting an exact redemption price well ahead of the scheduled date.
