Eagle Point Income Company Inc. Announces 13% Increase in Common Stock Distributions for Fourth Quarter 2023

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today is pleased to announce the declaration of distributions on shares of the Company’s common stock.

The Company has declared three separate distributions of $0.18 per share on its common stock payable on each of October 31, 2023, November 30, 2023 and December 29, 2023 to stockholders of record as of October 11, 2023, November 13, 2023 and December 11, 2023, respectively. This reflects an increase of 13% from the monthly distributions during the third quarter of 2023.

The following schedule applies to the distributions:

Record Date	Payable Date	Amount per common share
October 11, 2023	October 31, 2023	$0.18
November 13, 2023	November 30, 2023	$0.18
December 11, 2023	December 29, 2023	$0.18

Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2023 calendar year.

“Given our continued confidence in the Company’s outlook we are very pleased to increase our monthly common distribution by 13% to $0.18 per common share,” said Thomas Majewski, Chairman and Chief Executive Officer. “This is our seventh increase in common distributions since the end of 2020.”

“The Company’s carefully constructed portfolio remains well positioned to generate strong cash flows in the current elevated rate environment and we believe it will benefit should rates continue to increase,” added Daniel Ko, Principal and Portfolio Manager.

The Company is also pleased to announce the declaration of distributions on shares of the Company’s 5.00% Series A Term Preferred Stock due 2026 (the “Series A Term Preferred Stock”) and the Company’s 7.75% Series B Term Preferred Stock due 2028 (the “Series B Term Preferred Stock”) as follows:

Preferred Stock Type

Amount per Share of Preferred Stock