Form 4: Eagle Point Institutional Income Fund: Director Thomas P. Majewski Reports Acquisition of Preferred Shares

Thomas P. Majewski, Director and CEO of Eagle Point Institutional Income Fund, reports the acquisition of 4,000 Series A Term Preferred Shares due 2029.

Summary

• On October 23, 2024, Thomas P. Majewski, Director, CEO, and Portfolio Manager of Eagle Point Institutional Income Fund, acquired 4,000 shares of 8.125% Series A Term Preferred Shares due 2029.
• The shares were purchased at a weighted average price of $24.96 per share, with individual transactions ranging from $24.95 to $24.97.
• These shares are held indirectly through the Thomas P. Majewski Revocable Trust Dated June 6, 2023.

Sentiment

Score: 7

Explanation: Insider buying is generally viewed as a positive sign, suggesting confidence in the company's future performance. However, the purchase is relatively small and may not have a significant impact on the overall stock price.

Positives

• The purchase of shares by a director and CEO can be seen as a positive signal, indicating confidence in the company's prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This purchase reflects the director's investment in the company's preferred shares.

Stakeholder Impact

• Shareholders may view the insider purchase positively, potentially increasing confidence in the company.
• The purchase could have a minor positive impact on the market price of the preferred shares.

Key Dates

Keywords

Form 4, Beneficial Ownership, Preferred Shares, EIIA, Eagle Point Institutional Income Fund, Thomas P. Majewski, Director, CEO