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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 tradelineon Oct 10, 2000 11:05pm
197 Views
Post# 2633939

RE: ten days

RE: ten days NASDAQ is not a factor. A deal of this type is going to be based on fundmental valuations. If it was a share swap the concerns re the market would ber very relavent but thankfully that is not the deal as I understand it. It does take time for a DD team to go over the business. Issue like environmental testing of properties, checking finacials reports, employment contract for key people, business plans and intellectual property rights, etc. Just like you buying a house and having deed searched and a building inspection. Standard stuff these days and a condition to be meet before a deal is "done". Hang tight and let the process run its course. This is the most solid stock I hold as far as I am concerned. The rest are flying in the breeze with the market bounces. Next week I expect to be stuffing my pockets with five dollar bills. tl
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