Eagle Point Income Co Inc:EIC

    Manage Alerts

    Overview

    As of 10/18/2021. NAV as of 9/30/2021.

     Share
    Price
    NAVPremium/
    Discount
    Current$18.94$17.697.80%
    52 Wk Avg$15.61$16.83-7.31%
    52 Wk High$19.42$17.697.80%
    52 Wk Low$13.11$14.60-14.69%
    Regular Distribution TypeIncome Only
    Distribution Rate7.60%
    Distribution Amount$0.1200
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    This fund pursues an investment strategy focused on investing primarily in junior debt tranches of CLOs. The CLOs that are primarily targeted are securitization vehicles that pool portfolios of primarily below investment grade U.S. senior secured loans. Such pools of underlying assets are often referred to as CLO “collateral.”

    Capital Structure

    As of 10/18/2021

    Total Investment Exposure:$135.978M
    Total Common Assets:$107.592M
    Common Shares Outstanding:6,123,611
    Leverage

    As of 10/18/2021

    Preferred Share Assets:
    Total Debt (USD): $28.386M
    Regulatory Leverage (USD): $28.386M
    Effective Leverage (USD): $28.386M
    Effective Leverage (%): 20.88%
    Annual Expense Ratios

    As of 12/31/2020

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 0.00%
    Fund Management

    Fund Sponsor
    Eagle Point Credit Management

    Portfolio Managers
    Daniel W. Ko, Daniel M. Spinner

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: EIC
    NAV Ticker: XEICX
    Average Daily Volume (shares): 8,647
    Average Daily Volume (USD): $0.138M
    Inception Date: 7/24/2019
    Inception Share Price: $19.89
    Inception NAV: $19.89
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 10/18/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of
    Annualized Distribution Rate on NAV:
    As of 10/18/2021
    8.20%
    Total Return on NAV (12 months):
    As of 10/18/2021
    27.56%
    Avg. Portfolio Coupon:
    As of 10/18/2021
    6.50%
    Total % Portfolio Effectively Leveraged:
    As of 10/18/2021
    20.88%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/19/2021

    PeriodAvg Discount
    6 Month-4.90%
    1 Year-7.31%
    3 Year 
    5 Year 
    Z-Score

    As of 10/18/2021

    PeriodZStat
    3 Month2.43
    6 Month2.61
    1 Year3.35
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2021
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD28.17%9.49%13.85%6.29%
    2020-16.07%2.23%1.13%3.11%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2021
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/30/2021
    6.50%
    Number of Holdings:
    As of 6/30/2021
    49
    Average Bond Price:
    As of 6/30/2021
    $91.78
    Asset Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Asset Backed125.41%
    Securitized (Super Sector)125.41%
    Cash Equivalents0.03%
    Cash Equivalents (Super Sector)0.03%
    Top Holdings

    As of 6/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    CIFC FUNDING LTD 7.02375%$5.50M5.18%
    CARLYLE US CLO LTD 5.43375%$5.23M4.93%
    CIFC FUNDING VI LTD$5.19M4.89%
    OCTAGON INVESTMENT PARTNERS 41 LTD 7.08375%$5.02M4.73%
    MIDOCEAN CREDIT CLO X 7.61288%$4.98M4.70%
    FIRST EAGLE BSL CLO LTD 7.88825%$4.98M4.69%
    Clo Income Note$4.83M4.55%
    Battalion Clo Xii Ltd 6.24588%$4.56M4.30%
    Octagon Investment Partners Ltd$4.47M4.21%
    Other Liability$-29.23M-27.54%
    Credit Quality

    As of 6/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 6/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Country% Portfolio
    Others - Fixed Income71.09%
    United States - Fixed Income35.47%
    Ireland - Fixed Income13.44%
    Netherlands - Fixed Income0.85%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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