GREENWICH, Conn. – (BUSINESS WIRE) – Eagle Point Institutional Income Fund today announced that it has begun a public offering of Series A Preferred Stock. The specific financial and other terms of the Preferred Stock will be determined by negotiation between the Fund and the underwriters. The preferred stock is rated ‘BBB’ by Egan Jones Ratings Company, an independent rating agency. Additionally, the Fund intends to grant the underwriters a 30-day option to purchase additional preferred shares on the same terms.
The preferred stock is expected to be listed on the New York Stock Exchange and trade under the symbol “EIIA” within 30 days of its initial issuance date.
Lucid Capital Markets, LLC, B. Riley Securities, Inc. and Janney Montgomery Scott LLC are acting as joint bookrunners for this offering. InspereX LLC, Wedbush Securities Inc. and William Blair & Company, LLC are acting as lead book-running managers for the offering.
Investors should carefully consider a Fund’s investment objectives, risks, charges and expenses before investing. The Preliminary Prospectus dated October 4, 2024 and the accompanying Statement of Additional Information (“SAI”) dated October 4, 2024 filed with the Securities and Exchange Commission (“SEC”) contain this and other information regarding the Fund. Contains information on. Please read carefully before investing. The information in the preliminary prospectus, the attached SAI and this press release is not complete and is subject to change. The preliminary prospectus, the attached SAI and this press release do not constitute an offer to sell these securities or a solicitation of an offer to buy these securities in any state in which such offer or sale is not permitted. there is no.
Registration statements relating to these securities are on file but have not yet been declared effective by the SEC. These securities may not be sold, nor may offers to buy be accepted prior to the effective date of the registration statement.
About Eagle Point Institutional Investor Income Fund
The Fund is a non-diversified, closed-end managed investment company. The Fund’s primary investment objective is to generate high ordinary income, with a secondary objective to generate capital appreciation, by investing primarily in equity and junior debt tranches of Collateralized Loan Obligations (“CLOs”). That’s it. The Fund is externally managed and advised by Eagle Point Credit Management LLC.
