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Eagle Point Income Company Inc V.EIC


Primary Symbol: EIC Alternate Symbol(s):  EICB | EICC

Eagle Point Income Company Inc. is an externally managed, diversified closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company seeks to achieve these objectives by investing primarily in junior debt tranches of collateralized loan obligations (CLOs) rated BB. In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities and other securities and instruments that are consistent with its investment objectives. The Company may also invest in other securities and instruments objectives such as securities issued by other securitization vehicles. The Company may also invest in other junior debt tranches of CLOs, senior debt tranches of CLOs, loan accumulation facilities (LAF) and other related securities and instruments. The investment advisor of the Company is Eagle Point Income Management LLC.


NYSE:EIC - Post by User

Comment by Liquid8on Oct 10, 2000 2:49pm
124 Views
Post# 2631097

RE: The price may be revised downwards

RE: The price may be revised downwardsdont be silly. I know management of Eicon is about as bright as a dark room, but when a company makes an offer of 5$, even these guys are not going to turn it down for a lower price! Prices will come within 2-3% on a normal takeover, but this particular takeover requires the blessing of two independant majority shareholders, not a vote from a majority public holding. This has more risk of the deal not happening, hence the bigger "spread". I will be just happy when this is all over - Eicon has had some good potential, I am just sorry mnagement has dropped the ball so many times - this is what is also keeping the stock price down lower. So many people have been hurt on this stock because management refuses to do any good investor relations, misses time-to-market news (remember the Linux craze - they came out with Linux news 2 months before and two months later, same with DSL, ISDN), and has seriously p*ssed off a number of analysts. Give it up, lets bury this dog and move on!
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