Eagle Point Income Company · NYSE:EIC
Eagle Point Income — Q2 2026 Earnings Presentation
37 slides from Eagle Point Income's earnings presentation, Aug 13, 2026
Slide 1: Eagle Point Income Company Quarterly Update – Q2 2026
Eagle Point Income Company QUARTERLY UPDATE – Q2 2026 August 13, 2026 1
Slide 2: Important Information
Important Information This presentation and the information and views included herein do not constitute investment advice, or a recommendation or an offer to enter into any transaction with Eagle Point Income Company Inc. (“EIC” or the “Company”) or any of its affiliates. This presentation is provid
Slide 3: Table of Contents
Table of Contents 1. Introduction to Eagle Point Income Company (EIC) 2. CLO Market Overview 3. EIC Supplemental Information 4. Selected Market Data 5. Appendix: Endnotes 3
Slide 4: Introduction to Eagle Point Income Company (EIC)
Introduction to Eagle Point Income Company (EIC) 4
Slide 5: Company and Adviser Overview
Introduction to EIC Company and Adviser Overview The Company: Eagle Point Income Company Inc. (EIC) IPO Date ▪ July 23, 2019 ▪ Primary objective to generate high current income, with a secondary objective to generate capital Primary Investment appreciation by investing primarily in junior debt tranc
Slide 6: EIC Highlights
Introduction to EIC EIC Highlights ▪ BB-rated CLO debt has had a relatively low historical default rate of 4 bps per annum7 ▪ Eagle Point believes BB-rated CLO debt offers the potential for higher returns as compared to senior secured loans and high yield bonds CLO Junior Debt is an Attractive Asset
Slide 7: Investment Strategy and Process
Introduction to EIC Investment Strategy and Process ▪ With an emphasis on assessing the skill of CLO collateral managers and analyzing CLO structures, Eagle Point believes that its approach is more akin to a private equity-style investment approach than to the process used by many fixed income inves
Slide 8: Senior Investment Team
Introduction to EIC Senior Investment Team THOMAS MAJEWSKI DANIEL KO DANIEL SPINNER Managing Partner – Portfolio Manager – Portfolio Manager – Lead Portfolio Manager CLO Equity/Debt Defensive Income 31 Years of Experience 20 Years of Experience 30 Years of Experience Direct experience in the credit
Slide 9: Cumulative Common Stock Distributions
Introduction to EIC Cumulative Common Stock Distributions EIC currently pays a monthly regular distribution of $0.11 per share10 EIC Cumulative Distributions Per Share11 $14 $12.06 $12 $11.40 $10 $9.42 $8 $7.02 $6 $5.04 $4 $3.51 $2.18 $2 $0.69 $0 2019 2020 2021 2022 2023 2024 2025 2026 YTD Regular D
Slide 10: Securities Outstanding
Introduction to EIC Securities Outstanding 12 Adviser and Senior Investment Team have approximately $0.6 million invested in EIC and EICA Common Stock Preferred Stock NYSE Ticker EIC NYSE Ticker / Series Name EICA EIC AA Series A Term Preferred Stock EIC AA Convertible Perpetual Preferred Descriptio
Slide 11: CLO Market Overview
CLO Market Overview 11
Slide 12: Why Invest in BB-Rated CLO Debt?
CLO Market Overview Why Invest in BB-Rated CLO Debt? Key Attributes ▪ Potential for lower credit expense ▪ Potential for higher returns ▪ Expected protection against rising interest rates1 Potential For Lower Credit Expense BB-rated CLO Debt versus BB HY Yield3 From 1994 – 2026 YTD, the cumulative q
Slide 13: CLOs are Securitizations of a Portfolio of Senior Secured Loans
CLO Market Overview CLOs are Securitizations of a Portfolio of Senior Secured Loans The Company focuses primarily in junior debt tranches of CLOs, with a focus on BB-rated CLO debt CLO Assets CLO Liabilities and Equity AAA-Rated Debt Tranche 60-65% AA-Rated Debt Tranche 9-13% Primarily A-Rated Debt
Slide 14: Senior Secured Loans are the Raw Materials of CLOs
CLO Market Overview Senior Secured Loans are the Raw Materials of CLOs Senior Secured Loans Represent “Pure” Credit Exposure Illustrative Underlying Loan Obligors In CLOs7 Senior Senior position in a company’s capital structure Secured First lien security interest in a company’s assets Floating Rate
Slide 15: Key Forms of Credit Enhancement for CLO Debt Investors
CLO Market Overview Key Forms of Credit Enhancement for CLO Debt Investors CLO debt benefits from structural features and covenants that enhance its credit protection CLO debt benefits from structural features and covenants that enhance its credit protection 1) Overcollateralization ▪ Overcollateral
Slide 16: The CLO Market is Large and Important to the Loan Market
CLO Market Overview The CLO Market is Large and Important to the Loan Market The CLO market is the largest source of capital for the US senior secured loan market10 US Leveraged Loans Outstanding10 US CLOs Outstanding11 $1,800 CLOs Outstanding ($bn) CLO Count (#) $1,549 $1,568 $1,300 $1,214 3,000 Le
Slide 17: Positive Loan Market Track Record
CLO Market Overview Positive Loan Market Track Record From 1992 through 2025, the S&P UBS Leveraged Loan Index generated positive total returns in 31 of the 34 full calendar years S&P UBS Leveraged Loan Index Annual Total Return14 44.9% 50% Annualized Return: 5.6% 40% 30% 13.0% 11.2% 11.0% 10.3% 20%
Slide 18: Loan Market Repayment Rate
CLO Market Overview Loan Market Repayment Rate Loan repayments provide capital for reinvestment within CLOs Annual Repayment Rate Annual Repayment Rate Average 60% 56.4% Average: 30.2% 48.9% 48.2% 46.9% 44.7% 40.1% 40% 38.7% 38.1% 37.3% 29.6% 30.0% 26.9% 27.6% 27.9% 24.1% 21.1% 21.7% 21.9% 20.7% 20%
Slide 19: EIC Supplemental Information
EIC Supplemental Information 19
Slide 20: Income Statement and Balance Sheet Highlights
EIC Supplemental Information 1 Income Statement and Balance Sheet Highlights Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 (Dollar amounts are per share of common stock)2 Weighted Average Effective Yield on the CLO Portfolio3 9.71% 9.95% 10.62% 10.95% 10.63% GAAP Net Investment Income (“NII”) $0.37 $0.36
Slide 21: Portfolio Investments and Underlying Portfolio Characteristics
EIC Supplemental Information Portfolio Investments and Underlying Portfolio Characteristics Summary Statistics1 Summary of Portfolio Investments and Cash2 WA Effective Yield on the CLO Portfolio 9.71% CLO Equity 19% WA Effective Yield on CLO Debt 9.99% CLO Debt WA Coupon on CLO Debt 9.70% 59% Infras
Slide 22: Obligor and Industry Exposures
EIC Supplemental Information Obligor and Industry Exposures As of June 30, 2026, EIC had exposure to 1,365 unique underlying borrowers across a range of industries Top 10 Underlying Obligors1 Top 10 Industries of Underlying Obligors1,2 Obligor % Total Industry % Total TransDigm 0.7% Technology: Soft
Slide 23: Maturity Distribution of Underlying Obligors
EIC Supplemental Information Maturity Distribution of Underlying Obligors Maturity Distribution of Underlying Obligors as of June 30, 20261 40% 29.3% 30% Prior to 2028, only 1.7% of % of Fund Exposure EIC’s underlying loan 21.9% 20% portfolios mature 14.0% 13.2% 11.5% 10% 8.4% 1.6% 0.1% 0% 2026 2027
Slide 24: Selected Market Data
i EAGLE POINT INGOME Compa ilk duc, i) pee §6Sclected -) Market Data
Slide 25: Credit Fundamentals: Leverage Multiples
2006 4.4x 2007 2006 4.7x 4.9x 2008 3.7x 2007 4.7x 2008 5.0x 2009 4.1x FLD/EBITDA 2009 4.8x 2010 3.9x 2010 4.9x 2011 4.4x 2011 4.9x 2012 4.6x 2012 5.3x 2013 4.7x 2013 5.4x Credit Fundamentals SLD/EBITDA 2014 4.9x 2014 5.5x 2015 4.7x 2015 5.1x Source: Pitchbook LCD. As of March 31, 2026. 2016 5.0x 201
Slide 26: Credit Fundamentals: Revenue and EBITDA Growth
3Q13 6.8% 3Q13 11.0% 4Q13 8.8% 4Q13 13.5% 1Q14 7.1% 1Q14 16.3% 2Q14 8.8% 2Q14 12.4% 3Q14 9.5% 3Q14 12.5% 4Q14 10.2% 4Q14 13.6% 1Q15 5.8% 1Q15 10.3% 2Q15 7.1% 2Q15 6.3% 3Q15 6.2% 3Q15 3.9% Credit Fundamentals 4Q15 7.0% 4Q15 5.4% 1Q16 7.1% 1Q16 4.8% Source: Pitchbook LCD. As of March 31, 2026. 2Q16 5.
Slide 27: Liquidity Considerations
Selected Market Data Liquidity Considerations ▪ Secondary trading is conducted through BWICs (Bids Wanted in Competition) and privately negotiated sales ▪ CLO debt and equity tranches typically settle electronically via DTC and trade on a T+1 basis Annual CLO Trading Volume $250 $200 $150 $175.3 ($B
Slide 28: Appendix: Endnotes
é ~~ EAGLE POINT INCOME COMPANY ' Appendix: Endnotes
Slide 29: Endnotes: Introduction to Eagle Point Income Company
Appendix: Endnotes Introduction to Eagle Point Income Company (EIC) Company and Adviser Overview 1. As rated by Moody’s Investors Service, Inc., Standard & Poor’s, Fitch Ratings, Inc. and/or other applicable nationally recognized statistical rating organizations. This may include ratings of BB+, BB
Slide 30: Endnotes: Cumulative Common Stock Distributions
Appendix: Endnotes Introduction to Eagle Point Income Company (EIC) Cumulative Common Stock Distributions 10. Based on amount and frequency of regular distributions most recently declared by the Company. 11. As of June 30, 2026. To date, a portion of common stock distributions has been estimated to
Slide 31: Endnotes: Why Invest in BB-Rated CLO Debt
Appendix: Endnotes CLO Market Overview Why Invest in BB-Rated CLO Debt? 1. Similar to the senior secured loans that serve as the underlying collateral for CLOs, BB-rated CLO debt is a floating rate security that pays interest based on a 3-month benchmark rate (such as SOFR), plus a spread. As a resu
Slide 32: Endnotes: CLO Market Overview
Appendix: Endnotes CLO Market Overview Key Forms of Credit Enhancement for CLO Debt Investors 9. Reflects the Adviser’s current opinion only and is subject to change without notice. Investments in CLO securities are subject to risk, including the full loss of principal. The CLO Market is Large and I
Slide 33: Endnotes: Income Statement and Balance Sheet Highlights
Appendix: Endnotes EIC Supplemental Information Income Statement and Balance Sheet Highlights 1. The information contained herein is unaudited. The information shown is derived from the Company’s most recent Annual Report, Semiannual report, interim quarterly unaudited financial statements and/or ot
Slide 34: Endnotes: Portfolio Investments and Characteristics
Appendix: Endnotes EIC Supplemental Information Portfolio Investments and Underlying Portfolio Characteristics 1. WA (Weighted Average). Weighted average coupon of CLO debt and weighted average mark of CLO debt are based on relative par amounts as June 30, 2026. CLO positions are entitled to recurri
Slide 35: Endnotes: Obligor and Industry Exposures
Appendix: Endnotes EIC Supplemental Information Obligor and Industry Exposures and Maturity Distribution of Underlying Obligors 1. The information presented herein is on a look‐through basis to the CLO investments held by the Company as of June 30, 2026 (except as otherwise noted) and reflects the a
Slide 36: Endnotes: Selected Market Data
Appendix: Endnotes Selected Market Data Credit Fundamentals 1. Data based on the average annual revenue and EBITDA change (YoY) for public issuers within the Morningstar LSTA US Leveraged Loan Index. As of March 31, 2026, this included approximately $190 billion of outstanding loans. The Morningstar
Slide 37: Eagle Point Income Company Inc. Contact
Eagle Point Income Company Inc. 600 Steamboat Road, Suite 202 Greenwich, CT 06830 www.EaglePointIncome.com Investor and Media Relations: Prosek Partners IR@eaglepointcredit.com (203) 340-8510 37
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