Eagle Point Income (EIC) Earnings Transcript

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Thursday, Nov. 13, 2025 astatine 11:30 a.m. ET

• Chairman and Chief Executive Officer — Thomas Majewski

• Senior Principal and Portfolio Manager — Dan Ko

• Chief Accounting Officer — Lena Umnova

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Darren Daugherty: Thank you, operator, and bully morning. Welcome to Eagle Point Income Company's net league telephone for the 2025. Speaking connected the telephone contiguous are Thomas Majewski, Chairman and Chief Executive Officer of the company, Dan Ko, Senior Principal and Portfolio Manager for the company's adviser, and Lena Umnova, Chief Accounting Officer for the adviser. Before we begin, I would similar to punctual everyone that the matters discussed connected this telephone see forward-looking statements and projected fiscal accusation that impact risks and uncertainties that whitethorn origin the company's existent results to disagree materially from specified projections.

For further accusation connected factors that could interaction the company, the statements and projections contained herein, delight notation to the company's filings with the Securities and Exchange Commission. Each forward-looking connection oregon projection of fiscal accusation made during this telephone is based connected the accusation disposable to america arsenic of the day of this call. We disclaim immoderate work to update our forward-looking statements unless required by law. Earlier today, we filed our 3rd 4th 2025 fiscal statements and capitalist presumption with the Securities and Exchange Commission. These are besides disposable successful the Investor Relations conception of the company's website eaglepointincome.com. A replay of this telephone volition besides beryllium made disposable aboriginal today.

I volition present crook the telephone implicit to Thomas Majewski, Chairman and Chief Executive Officer of Eagle Point Income Company.

Thomas Majewski: Thank you, Darren, and bully morning, everyone. Glad you're joining the telephone with america today. Eagle Point Income Company had a affirmative 3rd quarter. Our NAV increased, and we covered our organisation from some nett involvement income arsenic good arsenic recurring currency flows. The standard and acquisition of the Eagle Point level stay cardinal advantages arsenic we question to capitalize connected opportunities successful a dynamic marketplace situation for CLO investing. For the quarter, the institution generated nett concern income, little realized losses, of 26¢ per share. This was made up of $0.39 per stock of nett concern income and offset by 13¢ of realized superior losses.

Recurring currency flows totaled $17 cardinal oregon 67¢ per share, and this is accordant with the anterior quarter's $18 cardinal oregon $67 per share. Recurring currency flows exceeded our regular communal and full expenses by 5¢ per share. NAV roseate to $14.21 per stock arsenic of September 30, and that's up from $14.08 per stock astatine the June. The summation reflects our continued portfolio performance, nett concern income sum of our communal distribution, improving marketplace conditions, and disciplined superior management. Our GAAP instrumentality connected equity for the 3rd 4th was 3%. During the quarter, we deployed $60 cardinal into caller investments. The caller CLO equity we purchased during the 4th had a weighted mean effectual output of 16.6%.