EIC - Eagle Point Income Co

What this means for you

One large investor owns more than 5% of this fund but has told the regulator it is not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. Sept 21, 2026

   The fund said it will repay some borrowed money on Oct 30, 2026.

   Original document →

2. Aug 24, 2026

   The fund said it may sell new shares.

   Original document →

3. Aug 13, 2026

   Enstar Group Limited raised its stake to 16.6% (from 15.3%), as a passive investor.

   Original document →

4. May 7, 2026

   Karpus raised its stake to 11.2% of the fund's preferred shares (from 3%), not the common shares most holders own.

   Original document →

5. April 7, 2026

   Karpus sold down below 5% of the fund's preferred shares and stopped reporting.

   Original document →

About this fund

• Run by Eagle Point Income Management LLC. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $288 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 13% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 92% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• The fund's own example of what borrowing does: in a year in which the holdings returned -10%, a share would return about -20.6%; at +10%, about +11.9%. As of Dec 31, 2025, from the fund's annual report. Original document →
• Costs: 2.1% a year in management fees; 7.2% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Among the 90 funds we follow that invest in bonds, 82 charge a lower management fee and 82 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $72 in the first year and about $651 over 10 years, assuming the holdings return 5% a year. As of Dec 31, 2025, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $1.98 a share. $1.80 of that was income; $0.18 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $13.31. The shares traded at $11.41, about 14.3% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 17.8% below to 15.7% above. As of Dec 31, 2025, from the fund's annual report. Original document →
• How the holdings did: up 10.1% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2018.

How this has changed

• Payouts per share: $1.98 in the fiscal year ended Dec 31, 2025; $2.40 in the year ended Dec 31, 2024; $1.98 in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.18 in the year ended Dec 31, 2025; none in the year ended Dec 31, 2024; none in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $312 million at Dec 31, 2025; $317 million at Dec 31, 2024; $158 million at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 31, 2023 →.
• Borrowing: about 32% on top of its own money at Dec 31, 2025; 30% at Dec 31, 2024; 35% at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 31, 2023 →.

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Dec 31, 2025: the shares returned -15.2%, counting payouts. As of Dec 31, 2025, from the fund's annual report. Original document →
• The year ended Dec 31, 2024: the shares returned +24.8%, counting payouts. As of Dec 31, 2024, from the fund's annual report. Original document →
• The year ended Dec 31, 2023: the shares returned +21.4%, counting payouts. As of Dec 31, 2023, from the fund's annual report. Original document →
• The year ended Dec 31, 2022: the shares returned -8.7%, counting payouts. As of Dec 31, 2022, from the fund's annual report. Original document →
• The year ended Dec 31, 2021: the shares returned +26.6%, counting payouts. As of Dec 31, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +48.5%. $10,000 of shares bought at the start (Jan 1, 2021) would have become about $14,900 by Dec 31, 2025, with every payout counted, before tax. As of Dec 31, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: -16.5%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Of the 75 funds that invest in bonds with a fiscal year ending within six months of this one, 72 reported a higher share return for that year and 2 a lower one. As of Dec 31, 2025, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly asset-backed bonds (82%), the rest loans and preferred shares. About 23% issued in the U.S.

1. Nexus Apex Holdings, LLC, Senior Secured Loan - 12%
2. KKR CLO 14 Ltd., Secured Note - Class E-R - 2.3%
3. CBAM 2017-2, Ltd., Secured Note - Class E-RR - 2.2%
4. Dryden 123 CLO, Ltd., Secured Note - Class E - 1.7%
5. Dryden 68 CLO, Ltd., Secured Note - Class E-R - 1.7%
6. AMMC CLO 25, Limited, Secured Note - Class E-R-2 - 1.7%
7. First Eagle BSL CLO 2019-1 Ltd., Secured Note - Class D - 1.7%
8. Carlyle US CLO 2021-10 Ltd., Secured Note - Class E-R - 1.7%
9. Regatta 31 Funding, Secured Note - Class D - 1.7%
10. Lakeside Park CLO, Ltd., Secured Note - Class E - 1.7%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →