SCHEDULE: Karpus Management Boosts Stake in Eagle Point Fund

Karpus Management, Inc. reports a significant 23.70% beneficial ownership stake in Eagle Point Institutional Income Fund's Preferred shares.

Summary

• Karpus Management, Inc., operating as Karpus Investment Management, has filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Eagle Point Institutional Income Fund.
• The filing indicates Karpus Management, Inc. beneficially owns 293,852.00 shares of the Preferred class of securities.
• This ownership represents 23.70% of the total class of Preferred shares.
• Karpus Management, Inc. exercises sole voting and sole dispositive power over all 293,852.00 shares.
• Karpus is a registered investment adviser and is controlled by City of London Investment Group plc (CLIG), but maintains informational barriers ensuring independent exercise of voting and investment power.

Sentiment

Score: 5

Explanation: The filing is a standard compliance disclosure of beneficial ownership, presenting neutral information. The significant stake is a positive for the issuer, but the filing itself is not inherently positive or negative beyond its informational value.

Positives

• Karpus Management, Inc. holds a substantial 23.70% stake, indicating significant conviction in the Eagle Point Institutional Income Fund's Preferred shares.
• The filing confirms the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, suggesting a passive, investment-oriented position.

Risks

• The 'Date of Event Which Requires Filing of this Statement' is listed as 06/30/2025, which is a future date relative to the filing date, potentially indicating a forward-looking reporting period or a clerical error in the document.

Future Outlook

NA

Management Comments

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

Industry Context

This filing reflects a significant institutional investment by a registered investment adviser in a fund's preferred securities, a common practice for asset managers seeking income or specific exposure within their portfolios. The substantial stake suggests a long-term investment perspective typical of such entities.

Comparison to Industry Standards

• A 23.70% stake in a class of securities is a substantial position for an investment adviser, often indicating a high-conviction investment. While specific comparable companies or projects are not detailed in this filing, such a large passive stake is consistent with strategies employed by institutional investors like BlackRock or Vanguard in their index or actively managed funds, though typically across a broader portfolio of companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, potentially signaling confidence in the preferred shares.
• Management: Awareness of a large, passive institutional investor holding a substantial portion of preferred shares.

Key Dates

Keywords

Karpus Management, Eagle Point Institutional Income Fund, Preferred shares, Schedule 13G, Beneficial ownership, Investment adviser, SEC filing, Institutional investor, Asset management