Eagle Point Income Company Announces Third Quarter 2026 Financial Results and First Quarter 2027 Common and Preferred Distributions

GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Income Company (the “Company”) (NYSE: EIC) today announced financial results for the quarter ended September 30, 2026, and certain additional activity through October 31, 2026, and declared distributions on the Company’s common and preferred shares.

“EIC delivered a strong third quarter, generating net investment income, net of realized losses, well in excess of our common share distributions,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “Our results reflect the benefits of our access to differentiated investment opportunities across the broader Eagle Point platform.”

“With a predominantly floating-rate portfolio, we believe EIC is well positioned to benefit from a higher interest rate environment while continuing to generate attractive income for our shareholders,” concluded Mr. Majewski.

THIRD QUARTER 2026 RESULTS

• Net asset value (“NAV”) per common share of $12.39 as of September 30, 2026, compared to $12.52 as of June 30, 2026.
• Net investment income (“NII”) of $0.73 per weighted average common share.¹
• NII less realized losses from investments of $0.67 per weighted average common share, compared to negative $0.29 of NII less realized losses from investments per weighted average common share for the quarter ended June 30, 2026, and $0.26 of NII less realized losses from investments per weighted average common share for the quarter ended September 30, 2025.
• GAAP net income (inclusive of unrealized mark-to-market losses) of $4.6 million, or $0.20 per weighted average common share.
• GAAP net income was comprised of total investment income of $19.9 million, partially offset by net unrealized losses on investments of $10.4 million, financing costs and operating expenses of $3.2 million, distributions and amortization of offering costs on temporary equity of $0.1 million, losses from net unrealized gains on certain liabilities recorded at fair value of $0.2 million and realized losses on investments of $1.4 million.
• Received $9.3 million in cash flows from the Company’s investment portfolio,² or $0.40 per weighted average common share.
• Deployed $31.0 million in gross capital into new investments.
• As of September 30, 2026:
  • The weighted average effective yield of the Company’s CLO portfolio, based on amortized cost, was 10.7%. This compares to 9.7% as of June 30, 2026, and 11.0% as of September 30, 2025.³
  • The weighted average expected yield of the Company’s CLO portfolio, based on fair market value, was 14.7%. This compares to 14.3% as of June 30, 2026, and 11.6% as of September 30, 2025.³
• Issued 45,800 of 6.00% Series AA Convertible Perpetual Preferred Shares (together with 6.00% Series AB Convertible Perpetual Preferred Shares, the “Convertible Preferred Shares”) for total proceeds of nearly $1.1 million pursuant to the Company’s continuous offering of the Convertible Preferred Shares.
• As of September 30, 2026, the Company had outstanding borrowings on the revolving credit facility and preferred equity securities equal to 17.3% of total assets (less current liabilities).⁴
• As of September 30, 2026, through its CLO investments, on a look-through basis, and based on the most recent CLO trustee reports received by such date:
  • The Company had indirect exposure to 1,377 unique corporate obligors.
  • The largest look-through obligor represented 0.7% of the underlying loan portfolio.
  • The top ten largest obligors together represented 4.8% of the underlying loan portfolio.

FOURTH QUARTER 2026 PORTFOLIO ACTIVITY THROUGH OCTOBER 31, 2026, AND OTHER UPDATES

• As previously published on the Company’s website, management’s estimate of the range of the Company’s NAV per common share as of October 31, 2026, is between $11.92 and $12.02.
• Received $8.9 million of cash flows from the Company’s investment portfolio. As of October 31, 2026, some of the Company’s investments have not yet reached their payment dates for the quarter.
• As of October 31, 2026, the Company had over $9.5 million of cash and capacity on its revolving credit facility available for investment, among other purposes.
• Completed the full redemption of the Company’s 5.00% Series A Term Preferred Shares due 2026.

FIRST QUARTER 2027 DISTRIBUTIONS

The Company declared three monthly distributions of $0.11 per common share for the first quarter of 2027.⁵ The following schedule applies to the distributions:

Amount per Common Share	Record Dates	Payable Dates
$0.11	January 11, 2027	January 29, 2027
$0.11	February 8, 2027	February 26, 2027
$0.11	March 11, 2027	March 31, 2027

The Company evaluates its ongoing common share distributions based on a number of factors, including cash flows generated from the Company’s investment portfolio, GAAP earnings and the Company’s requirement to distribute substantially all of its taxable income.

The Company also declared distributions on the Convertible Preferred Shares as follows:

Preferred Shares Series	Amount per Share	Record Dates	Payable Dates
6.00% Series AA Convertible Perpetual Preferred Shares	$0.125	January 11, 2027 February 8, 2027 March 11, 2027	January 29, 2027 February 26, 2027 March 31, 2027
6.00% Series AB Convertible Perpetual Preferred Shares	$0.125

The distributions on shares of the Convertible Preferred Shares reflect an annual distribution rate of 6.00% of the $25 liquidation preference per share and accumulate from the date of original issue.

CONFERENCE CALL

The Company will host a conference call at 11:30 a.m. (Eastern Time) today to discuss the Company’s financial results for the quarter ended September 30, 2026, as well as a portfolio update.

All interested parties may participate in the conference call by dialing [phone] (domestic) or [phone] (international). Please reference Conference ID 13755172 when calling, and the Company recommends dialing in approximately 10 to 15 minutes prior to the call.

A live webcast will also be available on the Company’s website (www.EaglePointIncome.com). Please go to the Investor Relations section at least 15 minutes prior to the call to register, download and install any necessary audio software.

An archived replay of the call will be available shortly afterwards until December 13, 2026. To hear the replay, please dial [phone] (toll-free) or [phone] (international). For the replay, enter Conference ID 13755172.

ADDITIONAL INFORMATION

The Company has made available on the investor relations section of its website, www.EaglePointIncome.com (in the financial statements and reports section), its unaudited consolidated financial statements as of and for the period ended September 30, 2026. The Company also published on its website (in the presentations and events section) an investor presentation, which contains additional information about the Company and its portfolio as of and for the quarter ended September 30, 2026. The Company has also filed these reports with the SEC.

ABOUT EAGLE POINT INCOME COMPANY

The Company is a diversified, closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company seeks to achieve its investment objectives by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 35% of its total assets in CLO equity securities. The Company may also invest in other securities consistent with its investment objectives, including portfolio debt securities, infrastructure credit, regulatory capital relief transactions, asset-backed securities and other credit instruments. The Company is externally managed and advised by Eagle Point Income Management LLC.

In addition to the Company’s regulatory requirement to file certain portfolio information with the SEC, the Company makes certain additional financial information available to investors via its website (www.EaglePointIncome.com), press releases and other public disclosures.

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 facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company’s other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

^1 “Per weighted average common share” is based on the average daily number of common shares outstanding for the period.

^2 “Cash flows from investment portfolio” generally includes cash interest, distributions and other payments received from the Company’s investments, excluding principal proceeds from prepayments, repayments, dispositions and other investment realizations. For certain investments, including residual tranches of collateralized loan obligations, collateralized fund obligations and asset-backed securities, such cash flows may include a return of invested capital and may differ from investment income recognized under the effective yield method.

^3 “Weighted average effective yield” is based on an investment’s amortized cost whereas “weighted average expected yield” is based on an investment’s fair market value as of the applicable period end as disclosed in the Company’s financial statements, which is subject to change from period to period. Please refer to the Company’s quarterly unaudited financial statements for additional disclosures.

^4 Over the long term, management expects to generally operate the Company with leverage within a range of 25% to 35% of total assets (less current liabilities) under normal market conditions. The Company may incur leverage outside of this range, subject to applicable regulatory limits.

^5 The ability of the Company to declare and pay distributions on its common shares is subject to a number of factors, including the Company’s results of operations. Distributions on its common shares may be comprised of NII (regular interest and dividends), capital gains and/or a return of capital. The actual components of the Company’s distributions for US tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099.