Eagle Point Income Company (EIC) investor relations material

Executive summary

• Net investment income exceeded distributions, supported by strong portfolio cash flows and active management, despite market volatility and a decline in NAV.

• Focuses on generating high current income and capital appreciation by investing primarily in junior debt tranches of CLOs, with up to 35% in CLO equity tranches.

• Managed by a specialized team with deep CLO market experience and a private equity-style investment approach.

• Steps taken to reduce cost of capital included redeeming high-cost financing and launching new convertible preferred stock.

• Recognized with the Creditflux award for Best Public Closed-End CLO Fund in 2023.

Financial highlights

• Net investment income was $0.36 per share, exceeding distributions of $0.33 per share, with recurring cash flows totaling $14–$14.3 million.

• GAAP net loss was $21.9–$22 million, or $0.95 per share, driven by $31.8 million in net unrealized losses.

• NAV per share was $11.99 as of March 31, 2026, down from $13.31 at year-end, but rebounded to $12.48–$12.58 in April.

• Weighted average effective yield on the CLO portfolio was 9.95–10.0% in Q1 2026, down from 10.6–10.62% in Q4 2025.

• Total assets at quarter end were $276.4 million, with CLO debt and equity holdings of $224.0 million and $73.9 million, respectively.

Outlook and guidance

• Management expects improved earnings power due to lower loan prices, reduced repricing activity, and potential for higher short-term rates.

• NAV per share estimated at $12.48–$12.58 as of April 30, 2026.

• Monthly distributions of $0.11 per share declared for the third quarter of 2026.

• CLO market volatility seen as an opportunity for reinvestment at discounts, supporting future returns.

• Strategy aims to outperform the CLO market over the long term through proactive sourcing, rigorous due diligence, and ongoing risk management.