Call Disaster Response for Emergency Water Damage Clean-Up
- 24/7 Emergency Response - Call Now!
- Stop The Damage Before Mold Forms
- Our Home Inusurance Claim Experts Are Ready
- Learn How We Help Families With Water Damage
Swept Away Restoration & Carpet Cleaning
JOANA RUFO
PO Box 1134 Ashland, Oregon 97520
Water Damage Restoration in Eagle Point, OR
Owning a home or business is one of the hallmarks of living the American Dream. While there are many fulfilling and positive aspects of owning property, one of the challenges that owners face is property damage. This type of damage can be caused by a range of disasters, both man-made and natural. Of all the types of property damage, water damage is among the most common.
Water can spread quickly throughout your property, causing damage to furniture and porous materials as it moves. In the blink of an eye, you could be looking at substantial rotting, warping, and even mold growth. That's why water damage restoration in Eagle Point, OR is so important - to mitigate the damage to your home and help prevent it from happening in the future.
Trying to overcome flooding and other water-related disasters on your own can seem like a lost cause. But with Disaster Response by your side, you don't have to lose hope. As a local water damage clean-up company, we provide comprehensive restoration services to properties of all sizes in Eagle Point. From the first time we assess your water damage to the time we mitigate and restore, we're here for you.
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Dealing with property damage can be overwhelming. You're likely concerned about a few key things:
Navigating the insurance claim process
We guide you through every step, ensuring you understand the process and get the most out of your claim.
Scheduling for a quick and quality completion
We provide a clear timeline for restoration, prioritizing both speed and quality, so you can get back to normal as soon as possible.
You might also be thinking about:
Ensuring the safety and health of your family or employees during the restoration: Our team takes all necessary precautions to protect the safety and health of everyone involved, using the latest techniques and equipment.
Understanding the full scope of the damage and what needs to be done:We conduct a thorough assessment of the damage and provide a detailed plan of action, so you know exactly what to expect.
Knowing the costs upfront and avoiding unexpected expenses: We provide transparent pricing and a detailed estimate before any work begins, so there are no surprises along the way.
Preventing future issues, such as mold growth or structural problems: We don't just fix the visible damage—we address the root causes to prevent future issues, giving you peace of mind.
Protecting your belongings and valuables from further damage: We take extra care to safeguard your possessions during the restoration process, minimizing any further impact.
Minimizing disruption to your daily life or business operations: We work efficiently and flexibly to reduce the disruption to your routine, allowing you to continue with your life or business as smoothly as possible.
Finding a trustworthy team to handle your property with care: Our experienced and highly-trained professionals treat your property as if it were their own, ensuring the highest standard of care.
Ensuring the job is done right the first time: We pride ourselves on doing the job right the first time, using industry-leading techniques and thorough quality checks to ensure lasting results.
Receiving clear communication and updates throughout the restoration process: We keep you informed every step of the way, providing regular updates and clear communication, so you're never left in the dark.
Ensuring the safety and health of your family or employees during the restoration: Our team takes all necessary precautions to protect the safety and health of everyone involved, using the latest techniques and equipment.
At Disaster Response, It's All About You
As a second-generation disaster response company, we know that our work is never about us. At its most basic, it's always about you—your situation, your needs, and your satisfaction. We engineer our processes to help you quickly recover from water floods and disasters. Our total focus is on you, our valued customer. And that, in a nutshell, is what makes Disaster Response one of the most trusted and highly-rated water restoration companies in Eagle Point.
Instead of focusing on profit, bottom lines, and yearly projections, we make you our priority. That's why we're serious about providing expert-level disaster preparedness and response services when you need them the most. Could you imagine trying to decipher misleading fine print or dealing with a pushy salesperson when you're just trying to get your life back together? That's not the Disaster Response way, and it never will be.
We don't just clean up after water leaks, floods, or other disasters; we go above and beyond by providing a consultative approach that serves you for years to come. We assist you in dealing with insurance adjusters to ensure you get the coverage you deserve without unnecessary delays. We make it a point to meticulously review every detail of your claim and work hard to make sure adjusters understand the full extent of your losses. We can also provide guidance on how and when to engage a public adjuster to bypass inefficiencies in the insurance process. At the end of the day, we strive to provide peace of mind during your difficult time and work tirelessly to get your property back to its pre-loss condition.
The Disaster Response Difference
Professional Technicians, Technology, and Processes
In fact, we'll dispatch a team of water disaster technicians to you within three minutes. We'll also advise you on what can be done to minimize the water damage in your home or business. Our water damage restoration team will use cutting-edge technology and IICRC-approved methods to restore as much of your property as possible.
Insurance Advocacy
Disaster Response works one-on-one with you and your insurance provider to expedite the claims process and get your home back to normal as soon as possible.
Satisfaction Guaranteed
We're proud of our work and stand behind every project we complete. Our goal is to exceed expectations and provide peace of mind throughout every step of your water damage restoration process. If you're not satisfied for any reason, we'll listen to your concerns and work tirelessly to rectify any issues that need addressing.
JOANA RUFO
Swept Away Restoration & Carpet Cleaning
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PO Box 1134 Ashland, Oregon 97520
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Your Guide to Water Damage Restoration in Eagle Point, OR
Water damage restoration is a key step in remediating damage to your home, both structurally and aesthetically. Damage from water doesn't just affect the walls, floors, and ceilings in your home. It can also cause deeper issues that, when untreated, can weaken your foundation significantly and lead to long-term instability.
As if that weren't enough, water damage can present health hazards to your friends, family, and pets. Ignoring water damage can also result in irreversible harm to your belongings, including furniture, electronics, and sentimental items, leading to financial loss and emotional distress. Professional water clean-up services can repair the damage to your property, help protect valuable assets, and re-establish your home or business as a safe, healthy environment for occupants.
What Makes Our Water Damage Company in Eagle Point, OR, Different from Others?
One of the most common questions we get at Disaster Response is, "What separates you from other water damage clean-up companies in Eagle Point?" The first and easiest answer to that question centers around our commitment to customer service. We hold our clients in high regard because, without them, there would be no Disaster Response. As such, we work tirelessly to provide them with quality work from friendly and helpful technicians, regardless of the size of their home or business.
But that's just the start. Our clients recommend friends and family to our business because we prioritize the following:
Cost
Investing in damage restoration for your home is a smart move that can help reduce long-term costs. The best part? Our services are covered by insurance companies, so there's less worry about paying out of pocket.
Technicians
Every member of our team has years of experience, specialized training, and certifications in handling water damage. We prioritize our customers' well-being and meticulously attend to every detail to prevent any potential mold-related issues in the future. From single-family homes to
Time
Water disasters happen quicker than you might think. The next, you're pulling in your driveway to a flooded home. When you call our office, we'll get to work assessing the cause of your water damage and how extensive the water damage is in your home or business. From there, we'll dispatch a team of IICRC water damage restoration experts to your location.
Tools
Disaster Response has made significant investments in cutting-edge water damage equipment, including inspection tools that enable thorough water removal. Our technicians have undergone extensive training to operate these machines and know when and when not to use them.
Process
For over 40 years, we have been helping with water damage issues, refining our process along the way. We can quickly find hidden damages that others might miss and document everything for your insurance company.
Reliable Water Damage Restoration Network
We aren't afraid to ask for help if it means a safer, more enjoyable environment for your family or customers. In fact, we have access to a network of industry pros who are experts in a range of water damage services. To make your life a little easier, we also work with insurance professionals who assist with the claims process.
What Does Disaster Response Fix?
As an IICRC-certified water damage contractor in Eagle Point, OR, our technicians can address several areas of your home or business that have been damaged by a water disaster.
- Floors: It's very important to take the necessary time and steps to effectively dry your floors to prevent any potential water damage and mold growth in the future.
- Walls: Depending on the amount of water that enters your business or home, the structural integrity of your property may be at stake. Our technicians will evaluate the situation, inspect your property, and replace materials damaged by water.
- Rugs: If your rugs get wet during flooding or from another water disaster, they may be salvageable. We'll work hard to save all the rugs in your property.
- Furniture: Your furniture is probably expensive and may hold a certain level of sentimental value.
Disaster Response specializes in every kind of damage caused by rain, wind, or snowstorms. We handle water damage, mold, mildew, and more, and can be at your home or office within an hour of your call to assess the situation and put a water damage restoration plan into action.
What Tools Does Disaster Response Use for Water Damage Clean-Up?
We only use the best equipment! With our extensive experience in the Eagle Point restoration industry, we've acquired state-of-the-art tools designed to tackle a wide range of challenges. This experience has also allowed our technicians to identify which type of equipment is best for a particular situation. Some of the most common water damage restoration tools we use include:
Infrared Cameras
Our infrared cameras give us the ability to see moisture in walls and ceilings that is not visible to the naked eye, almost like having "X-ray" vision. This capability allows us to detect and address trapped and hidden humidity, significantly reducing the risk of mold growth.
Moisture Meters
We use moisture meters to measure moisture levels in cellulose material. Before and after the drying process, we will conduct moisture readings in all areas of your property. If we detect moisture in an unaffected area of your building, we'll get to work quickly to dry it.
Air Movers
This equipment is designed to work in conjunction with our dehumidifiers. While our dehumidifiers extract moisture from the air and convert it to a liquid, our Air Mover helps to circulate this moisture in the air so that the dehumidifier can effectively remove it.
Ozone Generators
These advanced tools enable us to cleanse affected surfaces and the air in a more effective manner. Ozone Generators work by causing oxygen molecules to implode, making them a valuable deodorization tool.
Xtreme Xtractor
This tool is great for tackling tough moisture after water damage. It allows us to apply direct pressure to a surface, like a carpet, that has soaked up water. The pressure helps draw out the water, making it easier to remove.
Top 3 Types of Water Damage You Should Know About
Water damage can strike without warning and can wreak havoc on your property, leaving you feeling hopeless and overwhelmed. Whether it's from a burst pipe, a severe storm, or an overflowing appliance, your property needs immediate water damage clean-up in Eagle Point, OR, to prevent further harm. Here are the top three types of water damage you should know about:
Clean Water Damage
This type of water damage happens from a "clean" source, such as rainwater or a broken pipe in your home. It's easier to clean up than others on this list but can still cause extensive property damage when ignored.
Gray Water Damage
Gray water damage stems from appliances such as toilets without feces, washing machines, and dishwashers. Gray water sometimes contains bacteria and contaminants that can make you or your family sick.
Black Water Damage
The name alone indicates the severity of this type of water damage. It's caused by backed-up sewer lines, river flooding, and standing water that supports bacteria growth. Black water presents serious health hazards and needs to be handled by professional water damage contractors.
If you suspect your home or business has been damaged by one or more of the types of water above, take the following steps:
- Be Safe: Turn off all electricity running through your property. Don't go near or touch any water you believe to be contaminated.
- Stop the Source of Water: If you're able, put a stop to the water at its source. That way, you can prevent more damage.
- Call Disaster Response: Contact our water damage company ASAP for water restoration services. Our team is available 24/7 to respond to emergencies.
Our Process for Water Damage Restoration in Eagle Point, OR
Having a water damage restoration company by your side who knows how to remediate moisture is a key factor in getting your life back on track. At Disaster Response, we have refined our process over 40+ years of water damage clean-up experience. That way, we can provide customers with reliable, comprehensive service when they need it the most.
We utilize powerful pumps and vacuums to eliminate standing water from your property. Swift water removal is essential in minimizing damage and lowering the likelihood of mold growth. Our team is dedicated to ensuring efficient water extraction to prevent any additional complications.
After extracting water from your property, we dry and dehumidify the impacted areas. We use industrial-grade dehumidifiers and air movers to do so to eliminate moisture from walls, floors, and furniture. Proper drying helps prevent warping, swelling, and the growth of mold.
Whenever we deal with water damage, we have to address the potential contaminants and bacteria that can enter your home. We make sure to thoroughly clean and sanitize all affected areas to create a safe living environment. This involves cleaning carpets, upholstery, and personal belongings. Our technicians also use antimicrobial treatments to prevent mold and bacterial growth.
The final step in the process is the restoration of your home to its pre-damage condition. This comprehensive restoration process may encompass a range of tasks, from minor repairs such as replacing drywall and installing new carpeting to major reconstruction efforts. Rest assured that Disaster Response is fully equipped to manage all aspects of water damage restoration, from start to finish.
- Maintenance: Have your business or home's roof, appliances, and plumbing inspected by professionals to spot early signs of wear and tear.
- Water Alarms: If there is a flood or leak in your home, a water alarm can alert you so that you can take action immediately.
- Drainage: Your home needs proper drainage systems in place at all times. To prevent water buildup, be sure to unclog your downspouts and gutters.
- Cracks and Gaps: Be sure to seal up any cracks and gaps in your property's foundation to limit water from getting inside.
The Water Damage Company in Eagle Point, OR, You Can Trust
When you want a great steak, you don't go to a fast-food joint and expect a filet. When you need quality disaster response services from licensed professionals, you don't go to a fly-by-night shop. You contact Disaster Response.
As a local water damage clean-up business, we believe that providing clients with effective service that they can rely on in times of stress is of utmost importance. While some of our competitors prioritize profits over people, you can rest easy knowing we care about you - and that's something you can always count on when you choose our water damage company.
Whether a pipe has burst in your commercial space and your showroom is flooding, or your home has standing water from a Eagle Point rainstorm, we're here for you 24/7. Contact our office to learn more about the Disaster Response difference or to schedule an inspection for your property today.
Contact Your Emergency Disaster Response Now!
Latest News in Eagle Point, OR
Eagle Point (ECC) Q3 Earnings and Revenues Surpass Estimates
Yahoo Financehttps://finance.yahoo.com/news/eagle-point-ecc-q3-earnings-155502205.html
In This Article: ECCF -0.20% Eagle Point (ECC) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.57%. A quarter ago...
In This Article:
Eagle Point (ECC) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.57%. A quarter ago, it was expected that this management investment company would post earnings of $0.36 per share when it actually produced earnings of $0.28, delivering a surprise of -22.22%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Eagle Point , which belongs to the Zacks Financial - Investment Management industry, posted revenues of $47.13 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 7.71%. This compares to year-ago revenues of $36.03 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Eagle Point shares have lost about 1% since the beginning of the year versus the S&P 500's gain of 25.5%.
What's Next for Eagle Point?
While Eagle Point has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Eagle Point: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.35 on $43.76 million in revenues for the coming quarter and $1.11 on $170.61 million in revenues for the current fiscal year.
Eagle Point Credit Company Inc. Prices $100 Million Public Offering of Notes
Business Wirehttps://www.businesswire.com/news/home/20241204187628/en/Eagle-Point-Credit-Company-Inc.-Prices-100-Million-Public-Offering-of-Notes
GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCC, ECC PRD, ECCF, ECCX, ECCW, ECCV) today announced that it has priced an underwritten public offering of $100 million aggregate principal amount of its 7.75% notes due 2030 (the “2030 Notes”), which will result in net proceeds to the Company of approximately $96.5 million after payment of underwriting discounts and commissions and estimated offeri...
GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCC, ECC PRD, ECCF, ECCX, ECCW, ECCV) today announced that it has priced an underwritten public offering of $100 million aggregate principal amount of its 7.75% notes due 2030 (the “2030 Notes”), which will result in net proceeds to the Company of approximately $96.5 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The 2030 Notes will mature on June 30, 2030, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after June 30, 2027. The 2030 Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 7.75% per year, payable quarterly, with the first interest payment occurring on March 31, 2025. The 2030 Notes are rated ‘BBB+’ by Egan-Jones Ratings Company, an independent, unaffiliated rating agency. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $15 million aggregate principal amount of 2030 Notes to cover overallotments, if any.
The offering is expected to close on December 10, 2024, subject to customary closing conditions. The Company intends to list the 2030 Notes on the New York Stock Exchange under the symbol “ECCU”.
Lucid Capital Markets, LLC is acting as the lead bookrunner for the offering. B. Riley Securities, Inc., Piper Sandler & Co. and Janney Montgomery Scott LLC are acting as joint bookrunners for the offering. InspereX LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering. Clear Street LLC and Wedbush Securities Inc. are acting as co-managers for the offering.
Investors should consider the Company’s investment objectives, risks, charges and expenses carefully before investing. The preliminary prospectus supplement dated December 3, 2024 and the accompanying prospectus dated June 9, 2023, which have been filed with the Securities and Exchange Commission (“SEC”), contain this and other information about the Company and should be read carefully before investing. The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted.
A shelf registration statement relating to these securities is on file with and has been declared effective by the SEC. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by writing Lucid Capital Markets, LLC at 570 Lexington Ave., 40th Floor, New York, NY 10022, by calling toll-free at 646-362-0256 or by sending an e-mail to: prospectus@lucid.com; copies may also be obtained for free by visiting EDGAR on the SEC’s website at http://www.sec.gov.
Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency.
ABOUT EAGLE POINT CREDIT COMPANY
The Company is a non-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, primarily by investing in equity and junior debt tranches of collateralized loan obligations. The Company is externally managed and advised by Eagle Point Credit Management LLC.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company’s other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Contacts
Investor Relations: ICR 203-340-8510 ir@EaglePointCredit.com www.eaglepointcreditcompany.com
Eagle Point Credit stock hits 52-week low at $9.22
Investing.comhttps://www.investing.com/news/company-news/eagle-point-credit-stock-hits-52week-low-at-922-93CH-3723449
In a challenging market environment, Eagle Point Credit Co. Inc. (ECC) stock has touched a 52-week low, dipping to $9.22. This latest price point underscores a period of volatility for the investment management firm, which specializes in fixed income. Over the past year, ECC has experienced a downward trend, with a 1-year change showing a decline of -1.98%. Investors are closely monitoring the company's performance, as the current market conditions continue to test the resilience of financial assets across the board.In other recent ne...
In a challenging market environment, Eagle Point Credit Co. Inc. (ECC) stock has touched a 52-week low, dipping to $9.22. This latest price point underscores a period of volatility for the investment management firm, which specializes in fixed income. Over the past year, ECC has experienced a downward trend, with a 1-year change showing a decline of -1.98%. Investors are closely monitoring the company's performance, as the current market conditions continue to test the resilience of financial assets across the board.
In other recent news, Eagle Point Credit Co Inc. has disclosed its unaudited net asset value (NAV) per share estimate, providing insights into the company's financial health. The NAV per share, as of October 31, 2024, is estimated to be between $8.55 and $8.65. The company has also declared upcoming dividend payments for its common stock, with monthly regular distributions of $0.14 per share.
In addition to this, Eagle Point Credit has disclosed unaudited estimates for key financial metrics in a recent SEC filing. The estimated NAV per share for September 30, 2024, ranged between $8.39 and $8.49, and the estimated net investment income for the same quarter was between $0.27 and $0.31 per share.
In other strategic moves, Eagle Point Credit launched a non-traded convertible preferred perpetual stock offering, generating $9 million. This initiative is part of their plan to rotate proceeds from CLO BB sales into higher-yielding CLO equity. Despite some realized capital losses, the company reported an increase in recurring cash flows to $71.4 million during its second-quarter earnings call, and over $135 million was deployed into new investments during this period.
InvestingPro Insights
Despite touching a 52-week low, Eagle Point Credit Co. Inc. (ECC) presents a mixed picture for investors, according to recent data from InvestingPro. The company's stock is currently trading near its 52-week low, which aligns with the article's observation. However, InvestingPro data reveals some positive aspects that may interest value-oriented investors.
ECC boasts a significant dividend yield of 19.77%, which is particularly noteworthy in the current market environment. This high yield is supported by the company's track record of maintaining dividend payments for 11 consecutive years, as highlighted by one of the InvestingPro Tips. For income-seeking investors, this consistent dividend history could be attractive, especially given the challenging market conditions mentioned in the article.
The company's financial health appears solid, with InvestingPro data showing a P/E ratio of 7.57, suggesting the stock may be undervalued relative to its earnings. Additionally, ECC has demonstrated strong revenue growth, with a 25.44% increase over the last twelve months and an even more impressive 33.22% growth in the most recent quarter.
These insights provide a more nuanced view of ECC's position, balancing the recent stock price decline with factors that could appeal to certain investors. For those interested in a deeper analysis, InvestingPro offers 8 additional tips that could further illuminate ECC's investment potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
ECC: A Bull or Bear Market Play?
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Eagle Point Institutional Income Fund Announces First Quarter 2025 Preferred Share Distributions
stocktitan.nethttps://www.stocktitan.net/news/EIIA/eagle-point-institutional-income-fund-announces-first-quarter-2025-56enc8zdsi5c.html
Eagle Point Institutional Income Fund has announced its first quarter 2025 distributions for its 8.125% Series A Term Preferred Shares (NYSE: EIIA). The Fund declared three monthly distributions of $0.169271 per Preferred Share, payable on January 31, February 28, and March 31, 2025. These distributions maintain an annual distribution rate of 8.125% based on the $25 liquidation preference per share.PositiveNegativeInsightsThe announcement of preferred share distributions for Q1 2025 demonstr...
Eagle Point Institutional Income Fund has announced its first quarter 2025 distributions for its 8.125% Series A Term Preferred Shares (NYSE: EIIA). The Fund declared three monthly distributions of $0.169271 per Preferred Share, payable on January 31, February 28, and March 31, 2025. These distributions maintain an annual distribution rate of 8.125% based on the $25 liquidation preference per share.
Positive
Negative
Insights
The announcement of preferred share distributions for Q1 2025 demonstrates Eagle Point Institutional Income Fund's commitment to delivering consistent income to preferred shareholders. The $0.169271 monthly distribution maintains the 8.125% annual rate on the $25 liquidation preference, providing predictable income for income-focused investors. While this is a routine distribution announcement that aligns with the fund's stated preferred share terms, it offers stability in the fixed-income space. The NYSE-listed preferred shares (EIIA) represent a senior security in the fund's capital structure, providing some protection for income-oriented investors.
GREENWICH, Conn.--(BUSINESS WIRE)-- 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 (NYSE: EIIA).
For the first quarter of 2025, the Fund is declaring three separate monthly distributions of $0.169271 per the Preferred Share.
The distributions are payable based on the following schedule:
Amount per Preferred Share | Record Date | Payable Date |
$0.169271 | 1/13/2025 | 1/31/2025 |
$0.169271 | 2/10/2025 | 2/28/2025 |
$0.169271 | 3/11/2025 | 3/31/2025 |
The distributions on the Preferred Shares reflect an annual distribution rate of 8.125% of the $25 liquidation preference per share.
ABOUT EAGLE POINT INSTITUTIONAL INCOME FUND
The Fund is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in equity and junior debt tranches of collateralized loan obligations. The Fund is externally managed and advised by Eagle Point Credit Management LLC. The Fund’s common shares of beneficial interest are not listed on any securities exchange.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Fund’s other filings with the SEC. The Fund undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241106317052/en/
Investor Relations:
203-340-8560
Source: Eagle Point Institutional Income Fund
Disclaimer:
