Eagle Point Income Company (EIC) Prices 600K Share Offering at $18.45/sh

Eagle Point Income Company Inc. (NYSE:EIC, EICA) today announced that it has priced an underwritten public offering of 600,000 shares of its common stock at a public offering price of $18.45 per share, which will result in net proceeds to the Company of approximately $10.4 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. In addition, the Company has granted the underwriter a 30-day option to purchase up to an additional 90,000 shares of common stock to cover over-allotments, if any.

The offering is expected to close on November 2, 2021, subject to customary closing conditions. The Company intends to use all or substantially all of the net proceeds from the offering to acquire investments in accordance with its investment objectives and strategies and for general working capital purposes.

B. Riley Securities, Inc. is serving as the Sole Bookrunner for the offering.

Investors should consider the Company’s investment objectives, risks, charges, and expenses carefully before investing. The preliminary prospectus supplement dated October 28, 2021 and the accompanying prospectus dated May 29, 2020, which have been filed with the Securities and Exchange Commission (“SEC”), contain this and other information about the Company and should be read carefully before investing. The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted.

A shelf registration statement relating to these securities is on file with and has been declared effective by the SEC. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by writing B. Riley Securities, Inc., Attention: Prospectus Department, 1300 17th Street North, Suite 1300, Arlington, Virginia 22209, by telephone at (703) 312-9580 or by email at [email protected]; copies may also be obtained for free by visiting EDGAR on the SEC’s website at http://www.sec.gov.

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