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Articles from Eagle Point Institutional Income Fund

Eagle Point Institutional Income Fund Announces Second Quarter 2025 Preferred Share Distributions
Eagle Point Institutional Income Fund (the “Fund”) is pleased to announce the declaration of distributions on the Fund’s 8.125% Series A Term Preferred Shares due 2029 (the “Preferred Shares”) as follows:
Eagle Point Institutional Income Fund Is Added to the Schwab Alternative Investment OneSource® Platform
Eagle Point Credit Management LLC (“Eagle Point Credit”), a specialist credit asset manager with over $11 billion of assets under management,1 announced that Eagle Point Institutional Income Fund (the “Fund”) has been added to the Schwab Alternative Investment OneSource platform.
Eagle Point Institutional Income Fund Generates 9.9% Annual Net Return and Exceeds $150 Million in Assets
Eagle Point Credit Management LLC (“Eagle Point Credit” or the “Adviser”), a specialist credit asset manager with over $10 billion of assets under management,1 announced that Eagle Point Institutional Income Fund (the “Fund”) generated a net return of 9.9% over the 12-month period ending October 31, 2024.2 In addition, the Fund’s total assets, inclusive of available borrowings under a revolving credit facility, have exceeded $150 million. During the month of October 2024, the Fund completed its 28th consecutive monthly distribution payment, which represented a 10.2% annualized distribution rate.3 The Fund’s net asset value per share as of October 31, 2024 was $9.96.
Eagle Point Institutional Income Fund Announces Upcoming Preferred Share Distributions
Eagle Point Institutional Income Fund (the “Fund”) is pleased to announce the declaration of distributions on shares of the Fund’s 8.125% Series A Term Preferred Shares due 2029 (the “Preferred Shares”). The Preferred Shares trade on the New York Stock Exchange (NYSEEIIA). To date, the Fund has declared the following distributions per Preferred Share:
Eagle Point Institutional Income Fund Announces First Quarter 2025 Preferred Share Distributions
Eagle Point Institutional Income Fund (the “Fund”) today is pleased to announce the declaration of distributions on shares of the Fund’s 8.125% Series A Term Preferred Shares due 2029 (the “Preferred Shares”). The Preferred Shares trade on the New York Stock Exchange (NYSEEIIA).
Eagle Point Institutional Income Fund Approved to List Preferred Shares on New York Stock Exchange
Eagle Point Institutional Income Fund (the “Fund”) is pleased to announce that the Fund’s 8.125% Series A Term Preferred Shares of beneficial interest due 2029 (the “Preferred Shares”) have been approved for listing and trading on the New York Stock Exchange (“NYSE”). The Fund expects its Preferred Shares to commence trading on the NYSE on October 18, 2024 under the ticker symbol “EIIA”.
Eagle Point Institutional Income Fund Prices Offering of Preferred Shares
Eagle Point Institutional Income Fund (the “Fund”) today announced that it has priced an underwritten public offering of 1,240,000 shares of its 8.125% Series A Term Preferred Shares of beneficial interest due 2029 (the “Preferred Shares”) at a public offering price of $25 per share, which will result in net proceeds to the Fund of approximately $29.5 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Fund. The Preferred Shares are rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency. In addition, the Fund has granted the underwriters a 30-day option to purchase up to an additional 186,000 shares of Preferred Shares on the same terms and conditions.
Eagle Point Institutional Income Fund Announces Offering of Preferred Shares
Eagle Point Institutional Income Fund (the “Fund”) today announced that it has commenced an underwritten public offering of its Series A Term Preferred Shares of beneficial interest (the “Preferred Shares”). Certain financial and other terms of the Preferred Shares are to be determined by negotiations between the Fund and the underwriters. The Preferred Shares are rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency. In addition, the Fund plans to grant the underwriters a 30-day option to purchase additional Preferred Shares on the same terms and conditions.
Eagle Point Institutional Income Fund Reaches $100 Million Milestone and Generates 12.8% Annual Net Return
Eagle Point Credit Management LLC (“Eagle Point Credit” or the “Adviser”), a specialist credit asset manager with over $10 billion of assets under management,1 announced that Eagle Point Institutional Income Fund’s (the “Fund”) total assets, inclusive of available borrowings under a revolving credit facility, have exceeded $100 million. The Fund generated an annualized net return of 12.8%2 over the 12-month period ending June 30, 2024 and most recently was paying an annualized distribution rate of 9.7%.3 Since inception on June 1, 2022 through June 30, 2024, the Fund has paid $1.846 of distributions per share to investors over 24 consecutive months.
Eagle Point Institutional Income Fund Reports December 2023 Financial Results, Increases Annualized Distributions to 9.0% and Announces Total Net Annual Return of 12.3%
Eagle Point Credit Management LLC (“Eagle Point” or the “Adviser”), a specialist credit asset manager with over $9.1 billion of assets under management,1 announced that Eagle Point Institutional Income Fund (the “Fund”), a non-traded closed-end fund registered under the Investment Company Act of 1940, reported financial results for the year ended December 31, 2023. During the year, the Fund paid total distributions of $0.908 per share to shareholders and generated net investment income of $1.40 per share, well in excess of distributions paid during the period. The Fund’s net asset value (“NAV”) per share as of December 31, 2023 was $10.23, compared to NAV per share of $9.97 as of December 31, 2022. The Fund generated a total net return of 12.3% for the year.2
Eagle Point Institutional Income Fund Now Available on Fidelity Alternative Investment Network
Eagle Point Institutional Income Fund (the “Fund”) and Eagle Point Credit Management (“Eagle Point”) announced that the Fund is now available to registered investment advisers and registered representatives through the Fidelity Alternative Investment Network®.
Eagle Point Institutional Income Fund Reports June 2023 Financial Results, Declares Distributions and Announces One Year Total Return of 12.2%
Eagle Point Credit Management LLC (“Eagle Point”), a specialist credit asset manager with over $8.2 billion of assets under management,1 announced that Eagle Point Institutional Income Fund (the “Fund”), a non-traded closed-end fund registered under the Investment Company Act of 1940, reported financial results for the six months ended June 30, 2023. During the period, the Fund paid total distributions of $0.449 per share to shareholders. The Fund’s net investment income coverage of distributions declared and paid during the period was 145%. The Fund’s net asset value per share as of June 30, 3023 was $9.70, compared to $9.97 per share on December 31, 2022.
Eagle Point Institutional Income Fund Reports Year-End 2022 Financial Results and Declares Monthly Distribution With 8.5% Annualized Distribution Rate
Eagle Point Credit Management LLC (“Eagle Point”), a specialist credit asset manager with approximately $7.5 billion of assets under management,1 announced that Eagle Point Institutional Income Fund (the “Fund”), a non-traded closed-end fund registered under the Investment Company Act of 1940, reported financial results for its initial period of operations, from June 1, 2022 to December 31, 2022. The Fund’s net asset value per share as of December 31, 2022 was $9.97, compared to $10.00 per share on June 1, 2022. The Fund also paid $0.455 per share of total distributions to shareholders in 2022.
Eagle Point Institutional Income Fund Reports First Semi-Annual Financial Results for the Period Ended June 30, 2022 and Declares First Monthly Distribution
Eagle Point Credit Management LLC (“Eagle Point”), a specialist credit asset manager with approximately $7.2 billion of assets under management,1 announced that Eagle Point Institutional Income Fund (the “Fund”), a non-traded closed-end fund registered under the Investment Company Act of 1940, reported financial results for its initial period of operations, from June 1, 2022 to June 30, 2022. In July, the Fund also declared its first monthly distribution of $0.074 per share of common equity to shareholders of record as of July 28, 2022.