SCHEDULE: Karpus Management Reports 3.82% Stake in Eagle Point Preferred

Karpus Management, Inc. has filed an amendment to its Schedule 13G, disclosing a 3.82% beneficial ownership of Eagle Point Income Co Inc.'s Preferred shares.

Summary

• Karpus Management, Inc., operating as Karpus Investment Management, is the reporting person for this Schedule 13G Amendment No. 7.
• Karpus Management, Inc. beneficially owns 100,141.00 shares of Eagle Point Income Co Inc.'s Preferred stock.
• This ownership represents 3.82% of the total class of Preferred securities.
• Karpus Management, Inc. holds sole voting power and sole dispositive power over all 100,141.00 shares.
• Karpus is a registered investment adviser under the Investment Advisers Act of 1940 and is controlled by City of London Investment Group plc, but maintains informational barriers ensuring independent exercise of voting and investment power.

Sentiment

Score: 5

Explanation: This is a routine ownership disclosure filing (Schedule 13G) by an investment adviser, indicating a passive stake. It does not contain information that would typically drive strong positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• Karpus Management, Inc., a registered investment adviser, maintains a significant passive stake in Eagle Point Income Co Inc.'s Preferred shares, indicating continued investment interest.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• The securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This filing represents a routine disclosure by an institutional investment adviser, Karpus Management, Inc., detailing its passive ownership stake in Eagle Point Income Co Inc.'s preferred shares. Such filings are common for investment firms managing client assets and reflect portfolio allocation decisions rather than strategic corporate actions.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake in the company's preferred shares.

Key Dates

Keywords

Eagle Point Income Co Inc., Karpus Management Inc., Preferred Stock, Schedule 13G, Beneficial Ownership, Investment Adviser, SEC Filing