Company Overview - Eagle Point Income Company (EIC) aims for high current income and capital appreciation by investing primarily in junior debt tranches of CLOs, focusing on BB-rated CLO debt[13] - Up to 35% of EIC's assets can be invested in CLO equity tranches[7, 13] - EIC's total market capitalization is $499.9 million[13] - EIC pays a monthly distribution of $0.13 per share, resulting in an 11.1% distribution rate[13] - Cumulative common distributions per share since IPO total $10.02[13] CLO Market & Strategy - BB-rated CLO debt has historically shown a low default rate of 4 bps per annum[14] - From 1996 to Q1 2025, the cumulative default rate on BB-rated CLO debt was 1.1%[28] - As of March 31, 2025, the weighted average effective yield on EIC's CLO portfolio was 11.12%[53, 54] - As of March 31, 2025, 74% of EIC's portfolio investments were in BB-Rated CLO Debt[56]