Eagle Point Income Company Inc. Preferred Share Offer Price

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GREENWICH, Connecticut – (COMMERCIAL THREAD) – Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC) announced today that it has priced a public offering of 1,220,000 shares of its Series A preferred shares at 5.00% due 2026 (the “Preferred Shares”) at a public offering price of $ 25 per share, which will result in net proceeds to the Company of approximately $ 29.3 million after payment of the fees. discounts and underwriting commissions and estimated offering fees payable by the Company. The preferred share is rated “BBB” by Egan-Jones Ratings Company. In addition, the Company has granted the underwriters a 30 day option to purchase up to 180,000 additional preferred shares.

The offer is scheduled to close on October 22, 2021, subject to customary closing conditions. The Company intends to list the preferred shares on the New York Stock Exchange under the symbol “EICA”.

Ladenburg Thalmann & Co. Inc. acts as leader of the offering. B. Riley Securities, Inc., Oppenheimer & Co. Inc., InspereX LLC and Wedbush Securities Inc. are acting as associate bookrunners for the offering.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Company before investing. The preliminary prospectus dated October 18, 2021, which has been filed with the Securities and Exchange Commission (“SEC”), contains this and other information about the Company and should be read carefully before investing. The information contained in the preliminary prospectus and this press release is not complete and is subject to change. The preliminary prospectus and this press release do not constitute offers to sell these securities and do not solicit an offer to buy such securities in a State where such an offer or sale is not authorized.

A registration statement relating to these securities is filed with the SEC and has been declared effective by the SEC. Offer may only be made by way of prospectus, copies of which can be obtained by writing to Ladenburg Thalmann & Co. Inc. at 640 Fifth Avenue, 4th Floor, New York, New York 10019, calling toll free number 1-800 -573-2541 or by sending an e-mail to: [email protected]; copies can also be obtained free of charge by visiting EDGAR on the SEC’s website at http://www.sec.gov.

Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and such rating may be revised or withdrawn at any time by the applicable rating agency.

ABOUT EAGLE POINT REVENUE CORPORATION

The Company is an undiversified fixed-capital management investment company. The primary investment objective of the Company is to generate high current income, with a secondary objective of generating capital appreciation, by investing primarily in junior debt tranches of secured loan bonds (“CLOs”). In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities. The company is managed and externally advised by Eagle Point Income Management LLC.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact included in this press release may constitute forward-looking statements and are not guarantees of performance. future or results and involve a number of risks and uncertainties. Actual results may differ materially from forward-looking statements due to a number of factors, including those described in the prospectus and other documents filed by the Company with the SEC. The Company assumes no obligation to update any forward-looking statements contained in this document. All forward-looking statements speak only as of the date of this press release.


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