Slides
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1 Eagle Point Income Company QUARTERLY UPDATE – Q4 2025 February 26, 2026
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2 “Eagle Point” and “Eagle Point Credit” are registered trademarks of Eagle Point Credit Management LLC. © 2026. Eagle Point Credit Management LLC. All Rights Reserved. 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 provided for informational purposes only, does not constitute an offer to sell securities of the Company or a solicitation of an offer to purchase any such securities, and is not a prospectus. From time to time, the Company may have a registration statement relating to one or more of its securities on file with the Securities and Exchange Commission (“SEC”). Any registration statement that has not yet been declared effective by the SEC, and any prospectus relating thereto, is not complete and may be changed. Any securities that are the subject of such a registration statement may not be sold until the registration statement filed with the SEC is effective. This presentation is solely for the use of the intended recipient(s). The information and its contents are the property of Eagle Point Income Management LLC (the “Adviser”) and/or the Company. Any unauthorized dissemination, copying or use of this presentation is strictly prohibited and may be in violation of law. Investors should read the Company’s prospectus and SEC filings (which are publicly available on the EDGAR Database on the SEC website at http://www.sec.gov) carefully and consider their investment goals, time horizons and risk tolerance before investing in the Company. Investors should consider the Company’s investment objectives, risks, charges and expenses carefully before investing in securities of the Company as described in the prospectus. There is no guarantee that any of the goals, targets or objectives described in this presentation will be achieved. An investment in the Company is not appropriate for all investors. The investment program of the Company is speculative, entails substantial risk and includes investment techniques not employed by traditional mutual funds. An investment in the Company is not intended to be a complete investment program. Shares of closed-end investment companies, such as the Company, frequently trade at a discount from their net asset value (“NAV”), which may increase investors’ risk of loss. Past performance is not indicative of, or a guarantee of, future performance. The performance and certain other portfolio information quoted herein represents information as of dates noted herein. Nothing herein shall be relied upon as a representation as to the future performance or portfolio holdings of the Company. Investment return and principal value of an investment will fluctuate, and shares, when sold, may be worth more or less than their original cost. The Company’s performance is subject to change since the end of the period noted in this report and may be lower or higher than the performance data shown herein. Neither the Adviser nor the Company provides legal, accounting or tax advice. Any statement regarding such matters is explanatory and may not be relied upon as advice. Investors should consult with their legal, accounting and tax advisers regarding any potential investment. The information presented herein is as of the dates noted and is derived from financial and other information of the Company, and, in certain cases, from third party sources and reports (including reports of third party custodians, collateralized loan obligation (CLO) collateral managers and trustees) that have not been independently verified by the Company. As noted herein, certain of this information is estimated and unaudited, and therefore subject to change. The Company does not represent that such information is accurate or complete, and it should not be relied upon as such. This report does not purport to be complete and no obligation to update or revise any information herein is being assumed. Information contained on our website is not incorporated by reference into this report and you should not consider information contained on our website to be part of this report or any other report we file with the SEC. ABOUT EAGLE POINT INCOME COMPANY The Company is a 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. The Company seeks to achieve its investment objectives by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities. The Company is externally managed and advised by Eagle Point Income Management LLC. In addition to the Company's regulatory requirement to file certain portfolio information with the SEC, the Company makes certain additional financial information available to investors via its website (www.eaglepointincome.com), press releases and other public disclosures. FORWARD-LOOKING STATEMENTS These materials 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 presentation 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 presentation.
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3 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
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4 Introduction to Eagle Point Income Company (EIC)
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5 See the slide titled “Introduction to Eagle Point Income Company (EIC)” in the Appendix: Endnotes section of this presentation for footnotes. Introduction to EIC Company and Adviser Overview The Company: Eagle Point Income Company Inc. (EIC) History Eagle Point Income Management LLC is the Adviser to the Company. The Adviser is affiliated with Eagle Point Credit Management LLC (together with the Adviser, “Eagle Point”), the external adviser of Eagle Point Credit Company Inc. (NYSE: ECC) Eagle Point Credit Management was formed in 2012 by Thomas Majewski and Stone Point Capital Eagle Point is headquartered in Greenwich, CT and has 125 professionals 5 Assets Under Management $14 billion AUM across the Eagle Point platform on behalf of institutional, high net worth and retail investors 6 IPO Date July 23, 2019 Primary Investment Objective Primary objective to generate high current income, with a secondary objective to generate capital appreciation by investing primarily in junior debt tranches of collateralized loan obligations (“CLOs”) with a focus on BB-rated CLO debt 1 Up to 35% of assets may be invested in equity tranches of CLOs2 Total Market Capitalization $399 million3 Distributions Monthly distribution of $0.11 per share of common stock beginning in January 2026 (distribution rate of 12.1%) 4 $11.40 cumulative common distributions per share since IPO4 The Adviser: Eagle Point Income Management LLC
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6 Past performance is not indicative of, or a guarantee of, future performance. See Important Information on page 2. See the slide titled “Introduction to Eagle Point Income Company (EIC)” in the Appendix: Endnotes section of this presentation for footnotes. Introduction to EIC EIC Highlights CLO Junior Debt is an Attractive Asset Class 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 All of the Company’s BB-rated CLO securities are floating rate and could benefit from elevated interest rates The S&P UBS Leveraged Loan Index has generated positive total returns in 31 of the past 34 full calendar years8 Specialized Investment Team Eagle Point is focused on CLO securities and related investments (as well as other income-oriented investments) Each member of Eagle Point’s Senior Investment Team is a CLO industry specialist who has been directly involved in the CLO market for the majority of their career Differentiated 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 typical process used by many fixed income investors Industry Recognition Creditflux award for “Best Public Closed-End CLO Fund” for 20239
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7 Note: Reflects the Adviser’s current opinions and investment process only, which are subject to change without notice. There is no assurance that the Company will achieve its objectives or that the Adviser’s investment process will achieve its desired results. Introduction to EIC Investment Strategy and Process Outperform the CLO market over the long-termGoal Proactive sourcing and identification of investment opportunities Methodical investment analysis and due diligence process Ongoing monitoring and risk management 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 investors Eagle Point believes the Firm’s relative size and prominence in the CLO market enhances the Company’s ability to source investments and secure attractive allocations
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8 30 Years of Experience Direct experience financing and advising asset managers and funds dating back to the 1990s Portfolio Manager for the Defensive Income Strategy Former Investment Analyst at the 1199SEIU Pension responsible for the private equity, real estate and special opportunities credit portfolios Credit trained in 1996 at Chase Manhattan Bank Introduction to EIC Senior Investment Team 20 Years of Experience Direct experience in fixed income markets dating back to 2006 Portfolio Manager for the CLO Strategy Specialized exclusively in structured finance throughout entire career Former Vice President at Bank of America Merrill Lynch in the CLO structuring group responsible for modeling deal cash flows, negotiating deal terms with both debt and equity investors and coordinating the rating process 31 Years of Experience Direct experience in the credit markets dating back to the 1990s Spent his entire career in the credit and structured finance markets Formerly responsible for managing diverse credit portfolio for AMP Capital/AE Capital Led the creation of some of the earliest refinancing CLOs, pioneering techniques that are now commonplace in the market Unique background as both a CLO investor and investment banker including Former Head of CLO Banking at Merrill Lynch and RBS EY Entrepreneur of the Year Award (2017) THOMAS MAJEWSKI Managing Partner – Lead Portfolio Manager DANIEL KO Portfolio Manager – CLO Equity / Debt DANIEL SPINNER Portfolio Manager – Defensive Income
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9 See the slide titled “Introduction to Eagle Point Income Company (EIC)” in the Appendix: Endnotes section of this presentation for footnotes. EIC currently pays a monthly regular distribution of $0.11 per share10 Introduction to EIC Cumulative Common Stock Distributions 2 $0.69 $2.18 $3.51 $5.04 $7.02 $9.42 $11.40 2019 2020 2021 2022 2023 2024 2025 $0 $2 $4 $6 $8 $10 $12 Regular Distributions Special Distributions Declared During Year EIC Cumulative Distributions Per Share11
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10 Past performance is not indicative of, or a guarantee of, future performance. See Important Information on page 2. See the slide titled “Introduction to Eagle Point Income Company (EIC)” in the Appendix: Endnotes section of this presentation for footnotes. Introduction to EIC Securities Outstanding Advisor and Senior Investment Team have approximately $0.6 million invested in EIC and EICA12 Common Stock Preferred Stock NYSE Ticker EIC NYSE Ticker EICA EICC Description Common Stock Description Series A Term Preferred Stock Due 2026 ($25 Liquidation Preference) Series C Term Preferred Stock Due 2029 ($25 Liquidation Preference) Market Cap13 $255.7mm Principal $38.0mm $104.3mm Price per Share13 $10.91 Price per Share13 $24.88 $25.21 Distribution4 $0.11 Coupon 5.00% 8.00% Current Distribution Rate4 12.10% Yield to Maturity13 5.74% 7.74% Payment Frequency Monthly Payment Frequency Monthly Monthly Maturity Date N/A Maturity Date 10/26/2026 04/30/2029 Callable Date N/A Callable Date Callable 04/03/2026 Market Value Held by Adviser and Senior Investment Team12 $0.6mm Market Value Held by Adviser and Senior Investment Team12 $26.1k -
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11 CLO Market Overview
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12 Past performance is not indicative of, or a guarantee of, future performance. See Important Information on page 2. See the slide titled “CLO Market Overview” in the Appendix: Endnotes section of this presentation for footnotes. CLO Market Overview Why Invest in BB-Rated CLO Debt? 2 Key Attributes Potential For Lower Credit Expense From 1994 – Q4 2025, the cumulative default rate on BB-rated CLO debt was 0.9% (or ~4 bps per annum)2 0.9% (40 out of 4,323 tranches) BB-rated CLO debt tranches that did not default BB-rated CLO debt tranches that defaulted CLO BB versus BB HY Yield3 Potential for lower credit expense Potential for higher returns Expected protection against rising interest rates1 5.6% 10.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% JP Morgan US High Yield BB YTW BB CLO YTM ,
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13 The CLO structure highlighted on this page is a hypothetical structure, and the structure of CLOs in which the Company invests may vary from this example. See the slide titled “CLO Market Overview” in the Appendix: Endnotes section of this presentation for footnotes. 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 AAA-Rated Debt Tranche 60-65% BB-Rated Debt Tranche 4-6% BBB-Rated Debt Tranche 4-6% A-Rated Debt Tranche 5-9% AA-Rated Debt Tranche 9-13% Portfolio of Primarily Senior Secured Loans Typically B-Rated on Average Unrated Equity Tranche 8-11% CLO Assets CLO Liabilities and Equity Primarily Floating Rate CLO debt The Company’s Primary Focus Primarily Floating Rate Loan Collateral Key Characteristics of CLO Structure No mark-to-market triggers (i.e., no margin calls or forced sales) Match funded (i.e., limited refinancing risk on CLO debt)4 Ability to reinvest loan principal (i.e., actively managed)
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14 Past performance is not indicative of, or a guarantee of, future performance. See Important Information on page 2. See the slide titled “CLO Market Overview” in the Appendix: Endnotes section of this presentation for footnotes. CLO Market Overview Senior Secured Loans are the Raw Materials of CLOs Assets Liabilities and Equity % of Capital Structure Cash Receivables Inventory Property Plant Equipment Brands/Logos Intangibles Subsidiaries Senior Secured Loans First priority pledge of assets 40-60% Subordinated Bonds Generally unsecured 10-20% Equity 30-50% Senior Senior position in a company’s capital structure Secured First lien security interest in a company’s assets Floating Rate Mitigates interest rate risk associated with fixed rate bonds5 Low LTV Senior secured loans often have a loan-to-value ratio of approximately 40-60%6 Consistent Returns Since 1992, the S&P UBS Leveraged Loan Index experienced only three years of negative total returns Reflects general market terms as of the date hereof; actual terms of any loan will vary 0% 20% 40% 60% 80% Senior Secured Loans and Revolvers Senior Secured Bonds Senior Unsecured Bonds Senior Subordinated Bonds Senior Secured Loans Represent “Pure” Credit Exposure Illustrative Underlying Loan Obligors In CLOs7 Representative Company Capital Structure Average Recovery Rates (1973–2023)8
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15 See the slide titled “CLO Market Overview” in the Appendix: Endnotes section of this presentation for footnotes. CLO Market Overview Key Forms of Credit Enhancement for CLO Debt Investors 1) Overcollateralization – At a CLO’s inception, the principal value of the loan collateral exceeds the principal amount of the CLO debt (i.e., the CLO debt is “overcollateralized” by the loan collateral) 2) Excess Spread – Since the spread on a CLO’s loan collateral exceeds the spread on the CLO debt, this excess spread serves as a source of credit enhancement for CLO debt investors 3) Non-Static Structure – The structure of CLOs enables the CLO collateral manager to take advantage of periods of market stress and loan price volatility by re-investing principal proceeds from loan repayments and sales into loans at lower prices and wider spreads CLO debt benefits from structural features and covenants that enhance its credit protection In Eagle Point's opinion, these ‘‘self-correcting’’ structural features of CLOs offer a margin of safety for CLO debt investors and have contributed to the low historical default rate on CLO debt9 CLO debt benefits from structural features and covenants that enhance its credit protection Overcollateralization ─ At a CLO’s inception, the principal value of the loan collateral exceeds the principal amount of the CLO debt outstanding (i.e., the CLO debt is “overcollateralized” by excess loan collateral) Excess Spread ─ Since the spread on a CLO’s loan collateral exceeds the spread on the CLO debt, this excess spread serves as a source of credit enhancement for CLO debt investors Non-Static Structure ─ The structure of CLOs enables the CLO collateral manager to take advantage of periods of market stress and loan price volatility by re-investing principal proceeds from loan repayments and sales into loans potentially at lower prices and wider spreads
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16 $586 $673 $731 $883 $968 $1,030 $1,088 $1,175 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 $1,100 $1,200 2018 2019 2020 2021 2022 2023 2024 2025 CLOs Count (#) CLOs Outstanding ($B) CLOs Oustanding ($B) CLO Count (#) Reflects Eagle Point’s current views based on historical information and Eagle Point’s knowledge and discussion with market participants. Eagle Point’s opinions are subject to change without notice. See the slide titled “CLO Market Overview” in the Appendix: Endnotes section of this presentation for footnotes. The CLO market is the largest source of capital for the US senior secured loan market10 CLO Market Overview The CLO Market is Large and Important to the Loan Market US Leveraged Loans Outstanding10 US CLOs Outstanding11 US Leveraged Loans Fund Flows ($Billions)13 $1,150 $1,198 $1,204 $1,351 $1,416 $1,399 $1,418 $1,549 $100 $300 $500 $700 $900 $1,100 $1,300 $1,500 $1,700 2018 2019 2020 2021 2022 2023 2024 2025 Leveraged Loans Outstanding ($B) $14.1 $13.6 $8.0 $10.8 $19.6 ($4.5) ($15.2) ($12.7) ($11.0) ($8.1) $0.9 $0.5 $4.2 $7.9 ($2.6) $11.9 $9.9 ($7.7) $4.4 ($4.9) ($25) ($20) ($15) ($10) ($5) $0 $5 $10 $15 $20 $25 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Fund Flows ($B)
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17 6.8% 11.2% 10.3% 8.9% 7.5% 8.3% 5.3% 4.7% 4.9% 2.7% 1.1% 11.0% 5.6% 5.7% 7.3% 1.9% -28.8% 44.9% 10.0% 1.8% 9.4% 6.2% 2.1% -0.4% 9.9% 4.2% 1.1% 8.2% 2.8% 5.4% -1.1% 13.0% 9.1% 5.9% -60% -40% -20% 0% 20% 40% 60% 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Past performance is not indicative of, or a guarantee of, future performance. See Important Information on page 2. Source: S&P UBS. Data as of December 31, 2025. See the slide titled “CLO Market Overview” in the Appendix: Endnotes section of this presentation for footnotes. From 1992 through 2025, the S&P UBS Leveraged Loan Index generated positive total returns in 31 of the 34 full calendar years CLO Market Overview The Spread in Loan Market Remains at High End of Historical Range S&P UBS Leveraged Loan Index Annual Total Return14 Annualized Return: 5.7%
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18 48.9% 56.4% 48.2% 44.7% 37.3% 8.8% 14.8% 26.9% 40.1% 38.7% 46.9% 27.6% 21.1% 29.6% 38.1% 24.1% 21.7% 18.3% 30.0% 13.6% 17.6% 27.9% 20.7% 0% 20% 40% 60% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Annual Repayment Rate Average Source: Pitchbook LCD. Data as of December 31, 2025. CLO Market Overview Loan Market Repayment Rate Loan repayments provide capital for reinvestment within CLOs Annual Repayment Rate Average: 30.5% 23.6% Cumulative Repayments
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19 EIC Supplemental Information
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20 See the slide titled “EIC Supplemental Information” in the Appendix: Endnotes section of this presentation for footnotes. EIC Supplemental Information 1 Income Statement and Balance Sheet Highlights Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 (Dollar amounts are per share of common stock)2 Weighted Average Effective Yield on the CLO Portfolio3 10.62% 10.95% 10.63% 11.12% 12.13% GAAP Net Investment Income (“NII“) $0.35 $0.39 $0.37 $0.40 $0.46 GAAP Realized Gain/(Loss) (0.32) (0.13) 0.02 0.04 0.08 Total GAAP NII and Realized Gain/(Loss) $0.03 $0.26 $0.39 $0.44 $0.54 Common Share Distributions Paid4 $0.39 $0.39 $0.60 $0.60 $0.60 Common Share Market Price (period end) $11.41 $13.46 $13.67 $14.95 $15.54 Net Asset Value (period end) $13.31 $14.21 $14.08 $14.16 $14.99 $ Premium / (Discount) ($1.90) ($0.75) ($0.41) $0.79 $0.55 % Premium / (Discount) (14.3%) (5.3%) (2.9%) 5.6% 3.7% (Figures below are in millions, except shares outstanding) Assets CLO Debt $287.4 $348.0 $379.8 $370.9 $318.8 CLO Equity 106.2 137.9 127.1 114.4 104.9 Other Investments 45.5 20.1 14.1 6.6 11.8 Cash 5.5 41.3 6.3 15.4 8.1 Receivables and Other Assets 13.9 16.1 15.0 20.3 11.9 Liabilities Preferred Stock (142.6) (191.9) ($156.2) ($144.8) ($129.6) Borrowings Under the Credit Facility (Net of Deferred Financing Cost) - - (8.5) - (2.0) Payables and Other Liabilities (3.9) (16.0) (4.3) (23.1) (6.9) Net Assets $312.0 $355.5 $373.3 $359.7 $317.0 Weighted Average of Common Shares for the period 24,444,909 25,806,958 26,401,604 23,182,194 19,682,751 Common Shares Outstanding at end of period 23,433,556 25,015,908 26,514,399 25,409,702 21,143,481
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21 Past performance is not indicative of, or a guarantee of, future performance. Amounts shown are rounded, and therefore, totals may not foot. See Important Information on page 2. See the slide titled “EIC Supplemental Information” in the Appendix: Endnotes section of this presentation for footnotes. EIC Supplemental Information Portfolio Investments and Underlying Portfolio Characteristics Collateralized Fund Obligations: 8.2% Asset-Backed Securities: 2.4% CLO Debt: 64.5% CLO Equity: 24.7% Other: 0.2% Summary of Portfolio Investments and Cash2 WA Effective Yield on the CLO Portfolio 10.62% WA Effective Yield on CLO Debt 9.51% WA Coupon on CLO Debt 9.83% WA Mark on CLO Debt 98.35% WA Effective Yield on CLO Equity 12.87% Summary of Underlying Portfolio Characteristics3 Number of Unique Underlying Loan Obligors 1,401 Largest Exposure to an Individual Obligor 0.68% Average Individual Loan Obligor Exposure 0.07% Top 10 Obligors Loan Exposure 4.80% Currency: USD Exposure 100.00% Indirect Exposure to Senior Secured Loans4 96.17% WA Junior OC Cushion Senior to the Security5 4.71% WA Market Value of Loan Collateral 96.84% WA Stated Loan Spread 3.11% WA Loan Rating6 B+/B WA Loan Maturity 4.6 years WA Remaining CLO Reinvestment Period7 3.4 years Cash and Borrowing Capacity: $51.7 million2 Summary Statistics1
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22 Amounts shown are rounded, and therefore totals may not foot. See the slide titled “EIC Supplemental Information” in the Appendix: Endnotes section of this presentation for footnotes. As of December 31, 2025, EIC has exposure to 1,401 unique underlying borrowers across a range of industries EIC Supplemental Information Obligor and Industry Exposures Top 10 Underlying Obligors1 Obligor % Total Transdigm 0.7% Medline Industries 0.5% Calpine Construction 0.5% American Airlines 0.5% Asurion 0.5% Mcafee 0.5% Cotiviti 0.4% Howden 0.4% Quikrete Holdings 0.4% Westinghouse/Brookfield Wec Holdings 0.4% Total 4.8% Top 10 Industries of Underlying Obligors1,2 Industry % Total Technology: Software & Services 12.6% Hotels, Restaurants & Leisure 5.4% Health Care Providers & Services 5.3% Media 4.4% Professional Services 4.4% Diversified Financial Services 4.3% Commercial Services & Supplies 4.2% Insurance 3.7% Chemicals 3.4% Aerospace & Defense 3.0% Total 50.8%
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23 0.5% 3.1% 20.0% 13.9% 14.0% 27.9% 20.3% 0.3% 0% 5% 10% 15% 20% 25% 30% 35% 40% 2026 2027 2028 2029 2030 2031 2022 2032+ % of Fund Exposure Underlying Loan Maturity EIC Supplemental Information Maturity Distribution of Underlying Obligors Prior to 2028, only 3.6% of EIC’s underlying loan portfolios mature See the slide titled “EIC Supplemental Information” in the Appendix: Endnotes section of this presentation for footnotes. Maturity Distribution of Underlying Obligors as of December 31, 20251
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24 Selected Market Data
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25 Source: Pitchbook LCD. As of September 30, 2025. See the slide titled “Selected Market Data” in the Appendix: Endnotes section of this presentation for footnotes. Selected Market Data Credit Fundamentals Average Leverage Multiples of Outstanding Loans (Debt/EBITDA)1 Average Interest Coverage Multiples of Outstanding Loans (EBITDA/Interest)1 Average Leverage Multiples of Newly Issued Loans (Debt/EBITDA)2 Average Interest Coverage Multiples of Newly Issued Loans (EBITDA/Interest)2 3.0x 2.9x 3.8x 3.9x 4.1x 3.9x 3.8x 4.1x 4.1x 4.2x 3.8x 4.0x 3.6x 3.4x 4.0x 4.1x 3.9x 3.1x 3.2x 3.4x 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3Q25 EBITDA-Capex/Cash Interest EBITDA/Cash Interest 4.4x 4.9x 3.7x 4.1x 3.9x 4.4x 4.6x 4.7x 4.9x 5.3x 5.0x 5.0x 5.2x 5.2x 5.1x 5.3x 5.3x 4.5x 4.7x 4.8x 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3Q25 FLD/EBITDA SLD/EBITDA Other Sr Debt/EBITDA Sub Debt/EBITDA 3.2x 3.2x 3.1x 3.5x 4.0x 4.1x 3.8x 4.1x 4.5x 4.8x 4.5x 4.8x 5.1x 4.6x 4.8x 5.8x 5.6x 4.3x 4.9x 4.6x 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3Q25 Interest Coverage 4.7x 4.7x 5.0x 4.8x 4.9x 4.9x 5.3x 5.4x 5.5x 5.1x 5.0x 5.3x 4.8x 5.3x 5.9x 5.2x 5.0x 5.0x 4.7x 5.0x 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3Q25 Leverage
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26 Source: Pitchbook LCD. As of September 30, 2025. See the slide titled “Selected Market Data” in the Appendix: Endnotes section of this presentation for footnotes. Selected Market Data Credit Fundamentals Annual Revenue Change (YoY) for Below Investment Grade Companies1 Annual EBITDA Change (YoY) for Below Investment Grade Companies1 10.5% 9.3% 11.0% 13.5% 16.3% 12.4% 12.5% 13.6% 10.3% 6.3% 3.9% 5.4% 4.8% 7.2% 8.5% 6.2% 8.7% 10.0% 9.4% 9.6% 11.8% 13.6% 11.0% 9.3% 6.1% 4.5% 5.7% 4.2% 0.9% (13.1%) (2.6%) 2.7% 12.5% 27.2% 18.0% 16.7% 18.2% 15.4% 15.1% 11.7% 6.9% 4.3% 2.4% 3.0% 3.9% 2.2% 4.1% 4.3% 3.0% 6.3% 5.9% 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Revenue Growth % (YoY) 6.8% 6.1% 6.8% 8.8% 7.1% 8.8% 9.5% 10.2% 5.8% 7.1% 6.2% 7.0% 7.1% 5.8% 4.3% 5.2% (1.3%) 4.7% 5.8% 4.7% 9.3% 12.1% 13.3% 9.5% 2.7% 1.7% 2.5% 0.0% (9.5%) (22.7%) (1.5%) 4.9% 15.7% 20.9% 13.1% 7.8% 15.0% 11.2% 14.0% 4.8% 5.5% 2.4% 1.8% 3.1% 3.2% 3.8% 4.6% 2.3% 2.3% 4.3% 2.9% 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 EBITDA Growth % (YoY)
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27 Source: J.P. Morgan, FINRA reported CBO/CDO/CLO trading volume, Reg S transactions are not included. The total activity of the market is unpublished and although these numbers are not perfect, Eagle Point believes they are directionally accurate. As of December 31, 2025. 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 Selected Market Data Liquidity Considerations INSIGHT There was over $185 billion of CLO trading volume annually on average over the last 5 years Annual CLO Trading Volume $15.3 $70.5 $36.6 $32.3 $39.1 $37.8 $42.1 $28.2 $36.1 $50.7 $61.3 $46.9 $40.5 $57.5 $52.3 $24.1 $35.4 $42.7 $47.7 $52.0 $52.2 $26.2 $45.7 $74.8 $133.9 $79.1 $153.5 $159.9 $144.5 $175.3 $39.5 $106.0 $79.4 $80.0 $91.1 $89.9 $68.4 $73.9 $110.9 $184.6 $140.4 $200.4 $200.4 $202.0 $0 $50 $100 $150 $200 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ($Billions) Year Non-Investment Grade Rated CLO Trenches Investment Grade Rated CLO Tranches
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28 Appendix: Endnotes
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29 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 and BB- or the equivalent. Securities rated BBB- and below are rated below investment grade and are considered speculative with respect to timely payment of interest and repayment of principal. 2. As measured at the time of investment. 3. Combined market capitalization of EIC, EICA and EICC based on securities outstanding as of December 31, 2025 and closing market prices as of January 30, 2026. 4. Based on EIC's closing market price of $10.91 per share on January 30, 2026 and amount and frequency of regular distributions most recently declared by the Company. Cumulative common distribution amount is as of December 31, 2025. To date, a portion of common stock distributions has been estimated to be a return of capital as noted under the Tax Information section on the Company’s website. The actual components of the Company's distributions for U.S. tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099-DIV. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Company’s investment performance and should not be confused with “yield” or “income.” Future distributions may consist of a return of capital. Not a guarantee of future distributions or yield. 5. As of January 31, 2026. Professionals count includes employees of Eagle Point Credit Management LLC and certain of its affiliates. 6. As of December 31, 2025. AUM represents gross assets, inclusive of committed but undrawn capital, managed by Eagle Point Credit Management LLC and certain of its affiliates. EIC Highlights 7. S&P Global CLO Spotlight: CLO Spotlight: U.S. CLO Tranche Defaults as of December 31, 2025. See page 12. 8. The S&P UBS Leveraged Loan Index, formerly known as Credit Suisse Leveraged Loan Index (CSLLI), tracks the investable universe of the U.S. dollar-denominated leveraged loan market. Similarly, since 2001, from a total return perspective, the Morningstar LSTA U.S. Leveraged Loan Index experienced only three down full calendar years (2008, 2015 and 2022 with returns of -29.1%, -0.7% and -0.6%, respectively). The Morningstar LSTA U.S. Leveraged Loan Index is a market value-weighted index designed to measure the performance of the U.S. leveraged loan market based upon weightings, spreads and interest payments. You cannot invest directly in an index. 9. The award was won by EIC on May 15, 2024 as part of Creditflux’s CLO Manager Awards. Public closed-end funds were judged using the change in value of the fund over the year accounting for share issuance and distributions. The performance data on which the Creditflux award was based represents past performance. Past performance is not indicative of, or a guarantee of, future performance. EIC’s investment adviser submitted EIC’s nomination for this award. More information on this award can be found on Creditflux’s website (www.creditflux.com). Appendix: Endnotes Introduction to Eagle Point Income Company (EIC)
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30 Cumulative Common Stock Distributions 10. Based on amount and frequency of regular distributions most recently declared by the Company. 11. As of December 31, 2025. To date, a portion of common stock distributions has been estimated to be a return of capital as noted under the Tax Information section on the Company’s website. The actual components of the Company's distributions for U.S. tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099-DIV. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Company’s investment performance and should not be confused with “yield” or “income.” Future distributions may consist of a return of capital. Not a guarantee of future distributions or yield. Securities Outstanding 12. Amount includes holdings of Eagle Point and its senior investment personnel as of December 31, 2025 (based on market values as of January 30, 2026). 13. Reflects securities outstanding as of December 31, 2025 and market prices as of January 30, 2026. Yield is shown to the stated maturity based on market prices as of January 30, 2026. If called prior to stated maturity, the yield could be adversely impacted. Appendix: Endnotes Introduction to Eagle Point Income Company (EIC)
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31 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 result, the income generated by the Company’s investments in CLO debt will generally increase or decrease in line with changes in SOFR (or another applicable benchmark rate). 2. S&P Global CLO Spotlight: CLO Spotlight: U.S. CLO Tranche Defaults as of December 31, 2025; Adviser’s analysis of market data over applicable periods. The default rate on BB-rated CLO debt is 1% as compared to 3% per annum for senior secured loans and 4% per annum for high-yield bonds for the same time period. 3. Source: J.P. Morgan, as of December 31, 2025. CLOs are Securitizations of a Portfolio of Senior Secured Loans 4. Since a CLO’s indenture typically requires that the maturity dates of a CLO’s assets (typically 5 to 7 years from the date of issuance of a senior secured loan) be shorter than the maturity date of the CLO’s liabilities (typically 12 to 13 years), CLOs generally do not face refinancing risk on the CLO debt. However, CLO investors do face reinvestment risk with respect to a CLO’s underlying portfolio. In addition, in most CLO transactions, CLO debt investors are subject to prepayment risk in that the holders of a majority of the equity tranche can direct a call or refinancing of a CLO, which would cause the CLO’s outstanding CLO debt securities to be repaid at par. Senior Secured Loans are the Raw Materials of CLOs 5. BB-rated CLO debt is a floating rate security that pays interest based on a 3-month interest rate (such as SOFR) plus a spread and, as a result, is expected to have lower interest rate risk than high yield bonds, which are fixed income securities, in a rising interest rate environment. However, the Company’s CLO investments are still subject to other forms of interest rate risk. 6. Loan-to-value ratio is typically based on market values as determined in an acquisition, by the public in the case of publicly traded companies, or by private market multiples and other valuation methodologies in the case of private companies. 7. The illustrative borrowers shown may not reflect a meaningful part of the portfolios of our CLO investments and have been selected to provide context regarding the general types of borrowers of U.S. senior secured loans. Most of such borrowers are not as recognizable to the public as those shown. 8. Source: S&P Default, Transition, and Recovery: U.S. Recovery Study: Loan Recoveries Persist Below Their Trend. Published December 15, 2023. Mean Recovery Rate from 1973 – 2023. Appendix: Endnotes CLO Market Overview
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32 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 Important to the Loan Market 10. Source: Pitchbook LCD. As of December 31, 2025. 11. Source: Refinitive Leveraged Loan Monthly. As of December 31, 2025. 12. Represents Compound Annual Growth Rate (CAGR) for the periods shown. 13. Source: JP Morgan as of December 31, 2025. The Spread in Loan Market Remains at High End of Historical Range 14. The S&P UBS Leveraged Loan Index, formerly known as the Credit Suisse Leveraged Loan Index (CSLLI), launched January 31,1992 and tracks the investable universe of the U.S. dollar-denominated leveraged loan market. Similarly, since 2001, from a total return perspective, the Morningstar LSTA US Leveraged Loan Index experienced only three down years (2008, 2015 and 2022 with returns of -29.1%, -0.7% and -0.6%, respectively). The Morningstar LSTA U.S. Leveraged Loan Index is a market value- weighted index designed to measure the performance of the U.S. leveraged loan market based upon weightings, spreads and interest payments. You cannot invest directly in an index. Appendix: Endnotes CLO Market Overview
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33 Income Statement and Balance Sheet Highlights 1. The information contained herein is unaudited. The information shown is derived from the Company’s 2024 Annual Report, 2025 Annual Report, 2025 Semiannual report, interim quarterly unaudited financial statements and/or other related financial information. 2. Dollar amounts are per share of common stock and are based on a daily weighted average of shares of common stock outstanding for the period. 3. CLO positions are entitled to recurring distributions, which for CLO equities are generally equal to the remaining cash flow of payments made by underlying assets, less contractual payments to debt holders and CLO expenses. The effective yield is estimated based on the current projection of the amount and timing of these recurring distributions in addition to the estimated amount of terminal principal payment. The weighted average effective yield is calculated based on the current amortized cost of investments. This statistic is being provided for informational purposes only and does not necessarily reflect the yield at which the Company’s records its investment income for each investment. The estimated yield and investment cost may ultimately not be realized. 4. To date, a portion of common stock distributions has been estimated to be a return of capital as noted under the Tax Information section on the Company’s website. The actual components of the Company's distributions for U.S. tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099-DIV. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Company’s investment performance and should not be confused with “yield” or “income.” Future distributions may consist of a return of capital. Not a guarantee of future distributions or yield. Appendix: Endnotes EIC Supplemental Information
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34 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 December 31, 2025. CLO positions are entitled to recurring distributions, which for CLO equities are generally equal to the remaining cash flow of payments made by underlying assets, less contractual payments to debt holders and CLO expenses. The effective yield is estimated based on the current projection of the amount and timing of these recurring distributions in addition to the estimated amount of terminal principal payment. The weighted average effective yield is calculated based on the current amortized cost of investments. This statistic is being provided for informational purposes only and does not necessarily reflect the yield at which the Company’s records its investment income for each investment. The estimated yield and investment cost may ultimately not be realized. 2. Represents the estimated fair value of investments as of December 31, 2025. Cash and borrowing capacity represents cash net of pending trade settlements and includes available capacity on the Company’s credit facility as of December 31, 2025. Borrowings under the credit facility are subject to applicable regulatory and contractual limits. 3. The information presented herein is on a look‐through basis to the collateralized loan obligation, or “CLO,” investments held by the Company as of December 31, 2025 (except as otherwise noted) and reflects the aggregate underlying exposure of the Company based on the portfolios of those investments. The data is estimated and unaudited and is derived from CLO trustee reports received by the Company relating to December 2025 and from custody statements and/or other information received from CLO collateral managers and other third party sources. Information relating to the market price of underlying collateral is as of month end; however, with respect to other information shown, depending on when such information was received, the data may reflect a lag in the information reported. As such, while this information was obtained from third party data sources, December 2025 trustee reports and similar reports, other than market price, it does not reflect actual underlying portfolio characteristics as of December 31, 2025 and this data may not be representative of current or future holdings. 4. Data represents aggregate indirect exposure. We obtain our exposure in underlying senior secured loans indirectly through our CLO and related investments. 5. The weighted average overcollateralization (OC) cushion senior to the security is calculated using the BBB OC cushion for all BB-rated CLO debt securities in the portfolio and the BB OC cushion for all other securities in the portfolio, in each case as held on December 31, 2025. 6. Credit ratings shown are based on those assigned by Standard & Poor’s Rating Group, or “S&P,” or, for comparison and informational purposes, if S&P does not assign a rating to a particular obligor, the weighted average rating shown reflects the S&P equivalent rating of a rating agency that rated the obligor provided that such other rating is available with respect to a CLO or related investment held by us. In the event multiple ratings are available, the lowest S&P rating, or if there is no S&P rating, the lowest equivalent rating, is used. The ratings of specific borrowings by an obligor may differ from the rating assigned to the obligor and may differ among rating agencies. For certain obligors, no rating is available in the reports received by the Company. Ratings below BBB- are below investment grade. Further information regarding S&P’s rating methodology and definitions may be found on its website (www.standardandpoors.com). 7. The weighted average remaining reinvestment period information is based on the fair value of CLO equity investments held by the Company at the end of the reporting period. Appendix: Endnotes EIC Supplemental Information
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35 Obligor and Industry Exposures and Maturity Distribution of Underlying Obligors 1. The information presented herein is on a look‐through basis to the collateralized loan obligation, or “CLO,” investments held by the Company as of December 31, 2025 (except as otherwise noted) and reflects the aggregate underlying exposure of the Company based on the portfolios of those investments. The data is estimated and unaudited and is derived from CLO trustee reports received by the Company relating to December 2025 and from custody statements and/or other information received from CLO collateral managers and other third party sources. Information relating to the market price of underlying collateral is as of month end; however, with respect to other information shown, depending on when such information was received, the data may reflect a lag in the information reported. As such, while this information was obtained from third party data sources, December 2025 trustee reports and similar reports, other than market price, it does not reflect actual underlying portfolio characteristics as of December 31, 2025 and this data may not be representative of current or future holdings. 2. Industry categories are based on the S&P industry categorization of each obligor as reported in CLO trustee reports to the extent so reported. Certain CLO trustee reports do not report the industry category of all of the underlying obligors and where such information is not reported, it is not included in the summary look-through industry information shown. Appendix: Endnotes EIC Supplemental Information
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36 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 September 30, 2025, this included approximately $180 billion of outstanding loans. The Morningstar LSTA US Leveraged Loan Index is a market value-weighted index designed to measure the performance of the US leveraged loan market based upon weightings, spreads and interest payments. You cannot invest directly in an index. 2. Data based on the average point-in-time leverage and interest coverage multiples of newly issued large corporate loans during the period and does not reflect their ongoing financial performance. Appendix: Endnotes Selected Market Data
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37 STRICTLY CONFIDENTIAL FOR INSTITUTIONAL INVESTORS ONLY – NOT FOR USE WITH RETAIL INVESTORS Eagle Point Income Company Inc. 600 Steamboat Road, Suite 202 Greenwich, CT 06830 www.EaglePointIncome.com Prosek IR@eaglepointcredit.com (203) 340 8510