Eagle Point Income Company · NYSE:EIC
Eagle Point Income — Q1 2026 Earnings Presentation
37 slides from Eagle Point Income's earnings presentation, May 19, 2026
Slide 1: Eagle Point Income Company Quarterly Update Q1 2026
Eagle Point Income Company QUARTERLY UPDATE – Q1 2026 May 19, 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 credi
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 $11.73 $12 $11.40 $10 $9.42 $8 $7.02 $6 $5.04 $4 $3.51 $2.18 $2 $0.69 $0 2 2019 2020 2021 2022 2023 2024 2025 2026 YTD Regular
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 EICA Series A Term Preferred Stock Description Common Stock Description Due 2026 ($25 Liquidation Prefere
Slide 11: CLO Market Overview
ras EAGLE POINT INCOME COMPANY CLO Market Overview
Slide 12: Why Invest in BB-Rated CLO Debt?
CLO Market Overview Why Invest in BB-Rated CLO Debt? Key Attributes Potential for lower credit expense Potential for higher returns Expected protection against rising interest rates1 Potential For Lower Credit Expense BB-rated CLO Debt versus BB HY Yield3 From 1994 – Q1 2026, the cumulative qu
Slide 13: CLOs are Securitizations of a Portfolio of Senior Secured Loans
CLO Market Overview CLOs are Securitizations of a Portfolio of Senior Secured Loans The Company focuses primarily in junior debt tranches of CLOs, with a focus on BB-rated CLO debt CLO Assets CLO Liabilities and Equity AAA-Rated Debt Tranche 60-65% AA-Rated Debt Tranche 9-13% Primarily A-Rated Debt
Slide 14: Senior Secured Loans are the Raw Materials of CLOs
CLO Market Overview Senior Secured Loans are the Raw Materials of CLOs Senior Secured Loans Represent “Pure” Credit Exposure Illustrative Underlying Loan Obligors In CLOs7 Senior Senior position in a company’s capital structure Secured First lien security interest in a company’s assets Floating Rate
Slide 15: Key Forms of Credit Enhancement for CLO Debt Investors
CLO Market Overview Key Forms of Credit Enhancement for CLO Debt Investors CLO debt benefits from structural features and covenants that enhance its credit protection CLO debt benefits from structural features and covenants that enhance its credit protection 1) Overcollateralization Overcollateral
Slide 16: The CLO Market is Large and Important to the Loan Market
CLO Market Overview The CLO Market is Large and Important to the Loan Market The CLO market is the largest source of capital for the US senior secured loan market10 US Leveraged Loans Outstanding10 US CLOs Outstanding11 CLOs Outstanding ($B) CLO Count (#) $1,700 $1,549 $1,531 $1,300 $1,175 $1,190 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 60% 44.9% Annualized Return: 5.7% 40% 13.0% 11.2% 11.0% 10.3% 20% 10.
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: 48.9% 48.2% 30.5% 46.9% 44.7% 40.1% 40% 38.7% 38.1% 37.3% 29.6% 30.0% 26.9% 27.6% 27.9% 23.6% 24.1% Cumulative 21.7% 21.1
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 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 (Dollar amounts are per share of common stock)2 Weighted Average Effective Yield on the CLO Portfolio3 9.95% 10.62% 10.95% 10.63% 11.12% GAAP Net Investment Income (“NII“) $0.36 $0.35
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 9.95% WA Effective Yield on CLO Debt 10.07% CLO Equity 21% WA Coupon on CLO Debt 9.82% WA Mark on CLO Deb
Slide 22: Obligor and Industry Exposures
EIC Supplemental Information Obligor and Industry Exposures As of March 31, 2026, EIC has exposure to 1,374 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: Sof
Slide 23: Maturity Distribution of Underlying Obligors
EIC Supplemental Information Maturity Distribution of Underlying Obligors Maturity Distribution of Underlying Obligors as of March 31, 20261 40% 35% 30% 28.7% 25% Prior to 2028, only 2.6% of % of Fund Exposure EIC’s underlying loan 21.2% 20% portfolios mature 16.7% 15% 14.0% 12.5% 10% 5% 4.4% 2.3% 0
Slide 24: Selected Market Data
A iE AGLE POINT jag Selected =| Market Data
Slide 25: Credit Fundamentals: Leverage Multiples
2006 4.4x 2006 4.7x 2007 4.9x 2007 4.7x 2008 3.7x 2008 5.0x FLD/EBITDA 2009 4.1x 2009 4.8x 2010 3.9x 2010 4.9x 2011 4.4x 2011 4.9x 2012 4.6x 2012 5.3x Credit Fundamentals 2013 4.7x 2013 5.4x SLD/EBITDA 2014 4.9x 2014 5.5x 2015 5.3x 2015 5.1x Source: Pitchbook LCD. As of December 31, 2025. 2016 5.0x
Slide 26: Credit Fundamentals: Revenue and EBITDA Growth
2Q13 6.1% 2Q13 9.3% 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% Credit Fundamentals 3Q15 6.2% 3Q15 3.9% 4Q15 7.0% 4Q15 5.4% 1Q16 7.1% 1Q16 4.8% Source: Pitchbook LCD. As of Dec
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 $200.4 $200.4 $202.0 $2
Slide 28: Appendix: Endnotes
G INCOME COMPANY Appendix: Endnotes
Slide 29: Appendix: Endnotes - Company and Adviser Overview
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: Appendix: 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 March 31, 2026. To date, a portion of common stock distributions has been estimated to
Slide 31: Appendix: Endnotes - CLO Market Overview
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: Appendix: 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: Appendix: Endnotes - Income Statement and Balance Sheet
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 2025 Annual Report, 2025 Semiannual report, interim quarterly unaudited financial statements and/or othe
Slide 34: Appendix: Endnotes - Portfolio Investments
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 March 31, 2026. CLO positions are entitled to recurr
Slide 35: Appendix: 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 March 31, 2026 (except as otherwise noted) and reflects the
Slide 36: Appendix: 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 December 31, 2025, this included approximately $190 billion of outstanding loans. The Mornings
Slide 37: Eagle Point Income Company Inc.
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 STRICTLY CONFIDENTIAL FOR INSTITUTIONAL INVESTORS ONLY – NOT FOR USE WITH RETAIL INVESTORS 37
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