Eagle Point Income Company QUARTERLY UPDATE – Q4 2025 February 26, 2026 1 Important Information This presentation and the information and views included herein do not constitute investment advice, or a recommendation or an offer to enter into any transaction with Eagle Point Income Company Inc. ("EIC" or the "Company") or any of its affiliates. This presentation is provided for informational purposes only, does not constitute an offer to sell securities of the Company or a solicitation of an offer to purcha ...

Core Viewpoint - The fixed income market is currently facing significant uncertainty, making it more challenging to achieve desirable yields. In this context, collateralized loan obligations (CLOs) present potential investment opportunities [1] Group 1 - The fixed income market is described as being "flush with uncertainty," indicating a volatile environment for investors [1] - Achieving yield in the current market conditions may become increasingly difficult, highlighting the challenges faced by traditional fixed income investments [1] - CLOs are positioned as a viable option for investors seeking yield amidst the uncertainty in the fixed income market [1]

Core Viewpoint - The iShares AAA CLO Active ETF (CLOA) is designed for income generation through an actively managed portfolio of U.S. dollar-denominated AAA-rated collateralized loan obligations (CLOs) [6][10]. Group 1: Recent Transactions - O'Donnell Financial Services, LLC increased its stake in CLOA by acquiring 131,914 shares, valued at approximately $6.83 million based on the average closing price during Q4 2025 [2][11]. - Post-transaction, CLOA accounts for 2.47% of O'Donnell Financial's reportable assets under management [3]. Group 2: Performance Metrics - As of January 28, 2026, CLOA shares were priced at $52.02, with a one-year total return of 5.5%, underperforming the S&P 500 by 9.5 percentage points [3]. - The ETF has an annualized dividend yield of 5.32% and is priced 0.07% below its 52-week high [3][4]. Group 3: Fund Overview - CLOA has an asset under management (AUM) of $1.38 billion and an expense ratio of 0.2% [4][10]. - The fund targets institutional and income-focused investors seeking exposure to high-grade securitized credit [10]. Group 4: Investment Strategy - The investment strategy focuses on actively managing a portfolio of AAA-rated CLOs, aiming to deliver attractive income while maintaining high credit quality [10]. - The fund's holdings are primarily AAA-rated CLO tranches, with flexibility to invest across maturities while maintaining a non-diversified structure [10]. Group 5: Investor Outlook - O'Donnell Financial's increased stake in CLOA indicates a positive outlook towards the ETF, which is suitable for conservative investors interested in generating income [12]. - CLOA's robust yield and monthly dividend payments, along with its focus on AAA-rated CLOs, help to mitigate risk [12][13].

Janus Henderson AAA CLO ETF (JAAA US) – Investment PropositionJanus Henderson AAA CLO ETF (JAAA) offers exposure to the senior, highest-rated tiers of collateralized loan obligations backed by broadly syndicated corporate loans, seeking to pair resilient credit protection with a consistent income profile. The strategy is actively managed, emphasizing structural analysis, manager selection, and relative-value positioning across deals and vintages to balance carry with downside awareness. With coupons that ty ...

Core Viewpoint - The iShares AAA CLO Active ETF (CLOA) offers investors access to a diversified portfolio of high-quality, AAA-rated collateralized loan obligations (CLOs), aiming to provide attractive income while maintaining a strong credit profile [2][3]. Group 1: Investment Strategy and Portfolio - CLOA invests primarily in AAA-rated CLO tranches, maintaining at least 80% allocation to these securities, focusing on U.S. dollar-denominated CLOs to provide high-quality credit exposure and income generation [3]. - The fund employs an active management strategy, leveraging BlackRock's expertise in credit markets to select and manage CLO exposures [2][3]. Group 2: Performance and Positioning - As of January 8, 2026, CLOA shares were priced at $51.80, reflecting a total return increase of 5.4% over the past year, although it underperformed the S&P 500 by 13.76 percentage points [4]. - Inspirion Wealth Advisors established a new position in CLOA, acquiring 499,926 shares valued at approximately $25.87 million, indicating a growing interest in this ETF [5]. Group 3: Yield and Investor Appeal - The ETF, created in January 2023, currently yields over 5% with monthly dividend distributions, making it attractive for income-focused investors seeking low volatility [6]. - The fund's AAA-rated loans and regular payouts are positioned as reliable income sources, appealing to investors looking for a safe investment option [6]. Group 4: Context within Other Holdings - CLOA complements Inspirion's other top holdings, such as the Vanguard High Dividend Yield Index Fund and the Vanguard Growth Index Fund, providing a mix of stability and income generation [7].

Company Overview - Eagle Point Income Company (EIC) aims for high current income and capital appreciation by investing primarily in junior debt tranches of CLOs, with up to 35% in CLO equity securities[7, 13] - EIC's total market capitalization is $517 million as of October 31, 2025[13] - EIC pays a monthly distribution of $0.11 per share of common stock, resulting in a distribution rate of 10.2%[13] - The Adviser and Senior Investment Team have approximately $0.8 million invested in EIC and EICA[23] CLO Market and Investment Strategy - BB-rated CLO debt has a relatively low historical default rate of 4 bps per annum[14] - From 1994 through Q3 2025, the cumulative default rate on BB-rated CLO debt was 1.2%[29] - The company focuses primarily on junior debt tranches of CLOs, with a focus on BB-rated CLO debt[31] - The S&P UBS Leveraged Loan Index has generated positive total returns in 30 of the past 33 full calendar years[14, 43] Portfolio and Financial Highlights (Q3 2025) - The weighted average effective yield on the CLO portfolio was 10.95%[50, 52] - The company has exposure to 1,432 unique underlying borrowers[56] - Cash and borrowing capacity totaled $52.5 million[55]

Eagle Point Credit Company (ECC) Overview - ECC's total market capitalization is $1,408.8 million[13] - ECC's monthly distribution is $0.14 per share of common stock, with a distribution rate of 27.1%[13] - ECC has cumulative common distributions of $23.17 per share since its IPO[13] - The Adviser and Senior Investment Team have approximately $9.8 million invested in securities issued by the Company[14] CLO Equity and Market Data - The S&P UBS Leveraged Loan Index has generated positive total returns in 30 out of the past 33 full calendar years[14] - CLO equity has historically generated strong absolute returns with a low loss rate, with 96% of U.S. CLOs (2002 – 2011 Vintages) having positive equity returns[33] - As of Q3 2025, ECC's portfolio had a weighted average reinvestment period of 3.4 years[28] - As of September 30, 2025, ECC has exposure to 1,893 unique underlying borrowers[67] - As of September 30, 2025, ECC's aggregate indirect exposure to senior secured loans is 95.61%[66] Q3 2025 Performance - ECC's total portfolio cash distributions received were $79.36 million[53] - ECC's portfolio cash distributions received per common share were $0.61[53]

Core Insights - Securitize is in the process of going public through a blank-check company initiated by Cantor Fitzgerald [1] - The company has partnered with Bank of New York Mellon to bring collateralized loan obligations (CLOs) onto the blockchain [1] - The Securitize Tokenized AAA CLO Fund will focus on CLOs with high credit ratings and will utilize the Ethereum blockchain for token representation, with BNY acting as the custodian for the assets [1]

Core Viewpoint - Carlyle Credit Income Fund has announced a public offering of 1.2 million shares of its 7.375% Series D Preferred Shares due 2028, priced at $25 per share, aiming to raise approximately $29.4 million in net proceeds after expenses [1][2]. Group 1: Offering Details - The offering is set to close on October 30, 2025, pending customary closing conditions [2]. - Underwriters have a 30-day option to purchase an additional 180,000 shares of Preferred Shares [2]. - The Preferred Shares will be listed on the New York Stock Exchange under the symbol "CCID" [2]. Group 2: Management and Advisors - Lucid Capital Markets, LLC is the lead book-running manager for the offering, with B. Riley Securities, Inc. and Piper Sandler & Co. as joint book-running managers [2]. - A.G.P. / Alliance Global Partners is the lead manager, while Clear Street LLC and InspereX LLC are co-managers for the offering [2]. Group 3: Fund Overview - Carlyle Credit Income Fund is an externally managed closed-end fund focused on investing in equity and junior debt tranches of collateralized loan obligations (CLOs) [6]. - The CLOs are backed by a portfolio of U.S. senior secured loans from a diverse range of underlying borrowers across various industries [6]. - The Fund benefits from the resources of Carlyle Global Credit Investment Management L.L.C., one of the largest CLO managers globally [6].

Core Insights - Reckoner Capital Management launched the Reckoner BBB-B CLO ETF (RCLO) on NYSE Arca with over $27 million in assets under management, aiming to generate income while preserving capital through a diversified portfolio of CLO bonds rated BBB- and BB [1][2]. Group 1: Fund Details - RCLO has an expense ratio of 0.50% and is actively managed by John Kim, Tim Wickstrom, and Jared Finsterbusch [2]. - The fund follows the launch of Reckoner's first ETF, the Reckoner Yield Enhanced AAA CLO ETF (RAAA), which focuses on the highest-rated portion of the CLO capital structure [2]. Group 2: Market Context - Demand for CLO-focused ETFs is strong, particularly among investors seeking yield and diversification beyond traditional fixed income [2]. - BBB- and BB-rated CLOs offer higher yields than AAA CLOs while outperforming other credit assets with similar ratings in terms of loss experience, indicating a potential shift in investor interest towards these mezzanine tranches [3]. Group 3: Company Background - Reckoner Capital was founded in early 2025 with backing from private equity firm RedBird Capital Partners, positioning itself as a specialist in structured products, particularly CLOs [3]. - The launch of ETFs like RCLO aims to make CLOs more accessible to retail investors, bridging the gap between structured credit and retail investment [3].