The Greenwich-based closed-end fund will pay $25 per share plus accrued dividends, retiring more than four million preferred shares ahead of their 2029 maturity.

February 27, 2026

Eagle Point Income Company Inc. announced Thursday that it will fully redeem its 8.00% Series C Term Preferred Stock, retiring all 4,173,076 outstanding shares in a move that accelerates the elimination of this class of securities years before its scheduled 2029 maturity date.

The Greenwich, Connecticut-based closed-end fund notified its redemption agent, Equiniti Trust Company, LLC, of the decision on February 26, 2026. The company has set April 6, 2026 as the redemption date, giving shareholders and the market roughly six weeks to prepare for the transaction.

Redemption Terms

Shareholders holding Series C Term Preferred Stock will receive the following:

• $25 per share — the standard liquidation preference for this class
• Accrued unpaid dividends accumulated up to, though not including, the redemption date
• No additional interest will be applied to the unpaid dividend amount

The Series C shares, which trade on the New York Stock Exchange under the ticker EICC, carried an 8.00% annual dividend rate. With the full redemption, that class of securities will be eliminated from the company’s capital structure entirely.

Broader Capital Structure Context

Eagle Point Income Company also has common stock trading under the symbol EIC and a separate series of term preferred stock — the 5.00% Series A Term Preferred Stock due 2026, trading as EICA — still listed on the NYSE. The Series A preferred shares were already approaching their own maturity this year, suggesting the company may be undertaking a broader reassessment of its preferred stock obligations.

The company, incorporated in Delaware and registered as an investment company under the Investment Company Act, is managed from its principal offices in Greenwich, Connecticut. Chief Financial Officer Kenneth P. Onorio signed the regulatory disclosure on behalf of the company.

What This Could Signal

Eagle Point Income Company focuses primarily on investing in debt and other securities of collateralized loan obligation vehicles. The early redemption of a high-yield preferred stock class could signal a shift in the company’s funding strategy or reflect improved access to alternative capital sources, though the company did not offer additional commentary on the rationale behind the decision.