Company information
- Ticker
- EIC
- Country
- United States
- Sector
- Financials
- Industry
- Asset Management
Eagle Point Income Co Business Summary
Eagle Point Income Co Inc. (EIC) is a diversified, closed-end management investment company that generates revenue primarily through interest income and distributions from a specialized portfolio of Collateralized Loan Obligations (CLOs). The company’s business model is centered on investing in junior debt tranches of CLOs—specifically those rated BB—which are backed by portfolios of below-investment-grade U.S. senior secured loans. Its primary business segments are divided into CLO Debt, which constitutes the majority of its holdings, and CLO Equity, where it may allocate up to 35% of its total assets to enhance yield. EIC competes directly with other specialized credit-focused funds such as Eagle Point Credit Company (ECC), Oxford Lane Capital Corp. (OXLC), and OFS Credit Company (OCCI). Within this landscape, EIC occupies a distinct market niche by prioritizing the debt tranches of CLOs, offering a more defensive risk profile compared to peers that focus almost exclusively on the higher-volatility equity tranches. The company was founded in 2012 by Thomas P. Majewski in partnership with Stone Point Capital, a prominent private equity firm. The leadership team is led by Majewski, who serves as Chairman and Chief Executive Officer and brings extensive experience from the CLO structuring groups at Merrill Lynch and JPMorgan. He is supported by Kenneth P. Onorio, who serves as Chief Financial Officer and Chief Operating Officer, and Nauman S. Malik, the Chief Compliance Officer. The investment strategy is further driven by Senior Principal and Portfolio Manager Daniel Ko, an expert in structured finance. The company maintains a strong institutional pedigree, with Stone Point Capital remaining a significant stakeholder and the board featuring veteran directors such as Lead Independent Director Jeffrey L. Weiss and James R. Matthews. As of early 2026, the firm continues to leverage its external adviser, Eagle Point Income Management LLC, to navigate the complexities of the leveraged loan market.