eagle point income reports estimated net asset value per share

Eagle Point Income Company Inc. (NYSE:EIC), currently valued at $325 million market cap, announced an unaudited estimate of its net asset value (NAV) per share of common stock as of May 31, 2025. The NAV is estimated to be between $14.08 and $14.18. The company offers a notable 12.2% dividend yield and has maintained dividend growth for three consecutive years, according to InvestingPro data. This information was disclosed in the company’s recent 8-K filing with the Securities and Exchange Commission. Eagle Point Income, incorporated in Delaware, is listed on the New York Stock Exchange and trades under the ticker symbol EIC. Currently trading near its 52-week low of $12.63, the stock has experienced a 12.7% decline over the past six months. The filing was signed by Kenneth P. Onorio, Chief Financial Officer and Chief Operating Officer of the company. For detailed analysis and additional insights, access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Eagle Point Income Company reported its financial results for the first quarter of 2025, revealing a decrease in net investment income and realized gains to $0.44 per share, down from $0.54 per share in the previous quarter. The company also announced a reduction in its monthly distribution from $0.20 to $0.13 per share. Despite these declines, Eagle Point Income bolstered its liquidity by raising $64 million through an At-the-Market program. CEO Thomas Majewski highlighted the company’s strategic deployment of $120 million across CLO debt and equity purchases as a proactive measure in response to market volatility. The company’s net asset value (NAV) per share decreased to $14.16, compared to $14.99 at the end of December 2024. Analysts from B. Riley Securities inquired about the dividend reduction, to which Majewski attributed the change primarily to fluctuations in interest rates rather than credit issues. Eagle Point Income expects its earnings to continue fluctuating with changes in SOFR rates and plans to extend the reinvestment periods of its CLO equity portfolio. The estimated NAV for the end of April is projected to be between $13.73 and $13.83 per share, suggesting a potential further decline from the Q1 figure.

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