SCHEDULE: Karpus Management Discloses 8.25% Stake in Eagle Point Preferred

Karpus Management, Inc. has reported a beneficial ownership of 8.25% in the Preferred shares of Eagle Point Income Co Inc.

Summary

• Karpus Management, Inc., an investment adviser, has filed a Schedule 13G indicating beneficial ownership of 100,691.00 Preferred shares of Eagle Point Income Co Inc.
• This ownership represents 8.25% of the Preferred class of securities.
• Karpus Management, Inc. exercises sole voting and sole dispositive power over all 100,691.00 shares.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, which is neutral in sentiment. It indicates an institutional investor's significant stake but provides no performance or operational updates.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the issuer or the reporting person regarding future performance or outlook.

Management Comments

• Karpus Management, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This Schedule 13G filing indicates a significant passive investment by an institutional investment adviser, Karpus Management, Inc., in the preferred shares of Eagle Point Income Co Inc. Such filings are standard disclosures required when an entity acquires more than 5% beneficial ownership of a company's securities, signaling institutional interest without an intent to control the issuer.

Comparison to Industry Standards

• NA

Stakeholder Impact

• For shareholders of Eagle Point Income Co Inc., the disclosure of a significant 8.25% stake in preferred shares by an institutional investor like Karpus Management, Inc. could be viewed as a positive signal of institutional confidence or interest in the company's preferred equity.

Key Dates

Keywords

beneficial ownership, Schedule 13G, Karpus Management, Eagle Point Income Co Inc., Preferred shares, investment adviser, institutional ownership, SEC filing