Know What's Happening in Business

Called Early, Paid in Full

Eagle Point Income Company’s Series C term preferred was called on April 3, 2026, exactly on its first‑call date. Investors who bought at $25.09 earned seven monthly distributions totaling about $1.17 per share, offsetting the $0.09 price loss when the security was redeemed at par. The net result was a 4.3% total return, or roughly 7.5% annualized, matching the 7.98% yield‑to‑maturity projected at entry. The trade validated the original thesis of strong asset coverage, high‑yield CLO exposure, and disciplined management.